Intel is reportedly eyeing a 'significantly lower' IPO valuation than previously expected for its self-driving car unit Mobileye Global
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Elon Musk Lawyers Appeal To Remove SEC Tweet “Muzzle”
Legal fight by Elon Musk continues, as he seeks to free himself from the 2018 agreement with the US SEC for a Tesla lawyer to vet his tweets
ByteDance Plans Share Buy-Back As IPO Stalls
Planned share buy-back values TikTok owner ByteDance at $300bn, making it one of world's most valuable start-ups, as IPO plans stall
Celsius Seeks Permission To Sell Stablecoin Assets
Bankrupt cryptocurrency lender Celsius Network files request to sell its stablecoin assets, as it seeks funds to continue operations
US Bans Tech Firms From Building Chinese Factories
US Chips and Science Act (Chips). Biden administration tells those receiving federal funding they will not be allowed to invest in China
Meta Raises $10 Billion In Bond Offering
First ever bond offering sees Facebook parent Meta Platforms raise $10 billion, as it seeks to bolster finances, amid heavy Metaverse spending
Elon Musk Sells Tesla Shares Worth $6.9 Billion
Tesla CEO Elon Musk admits he could need the funds if he loses legal showdown with Twitter and is forced to purchase the platform
SoftBank Sells Off Uber Stake, Cuts Vision Fund Staff
Japan's SoftBank sells off Uber stake, plans to cut staff at flagship Vision Fund investing arm as market turmoil leads to steep quarterly losses
Deezer ‘Set For German Expansion’ After IPO Slump
Deezer to use funds from July IPO in Paris to expand into Germany in partnership with RTL as it seeks to replicate success in France and Brazil
Italy, Intel Close To $5bn Chip Factory Agreement
Increase In European chip production? Agreement for Intel semiconductor packaging and assembly factory in Italy reportedly nudges closer
Alibaba Will ‘Strive’ To Maintain New York Listing
Alibaba says it will 'strive' to maintain its New York Stock Exchange listing after SEC adds it to list of Chinese companies facing delisting
Samsung Seeks Tax Breaks On Future Chip Factories In Texas
South Korean giant Samsung begins application for tax breaks on 11 potential chip manufacturing facilities in Texas, ahead of US CHIPS Act
Celsius Network Files For Bankruptcy Protection
Troubled cryptocurrency lender Celsius Network confirms it has filed for bankruptcy protection as it seeks to restructure
Twitter Hits Back At Musk, Insisting No Breaches Occurred
Elon Musk "knowingly" breached the acquisition agreement Twitter says, as it fires back at the world's richest man and former suitor
French Music Service Deezer Slumps On Market Debut
Spotify and Apple Music competitor Deezer falls below opening price after long-delayed IPO in Paris as SPAC strategy fails to excite investors
Tencent Shares Fall As Biggest Investor Says It Will Sell
Shares in Chinese internet giant Tencent fall after biggest investor Naspers says it will sell shares to fund buyback scheme, amidst gloom for tech stocks
Toshiba Board Set For Vote That Could Back Buyout Strategy
Toshiba board expected to approve appointment of two external directors from hedge fund investors, making buyout more likely
Nasdaq Listing Most Likely For ARM, Says Softbank Boss
Bad news for London's FTSE? Japanese owner of British chip designer ARM reiterates that Nasdaq is the likely listing location
Musk Says Still ‘Unresolved Matters’ Over Twitter Buy
Elon Musk says still 'unresolved matters' with proposed $44bn buyout of Twitter, predicts recession in near term 'more likely than not'
ABB Delays IPO Of Electric Vehicle Charging Unit
Swiss industrial and tech conglomerate ABB delays planned flotation of electric vehicle charging operations a second time, citing market volatility
Bitcoin Recovers After Sinking Below $20,000
Bitcoin and other cryptocurrencies held on to Sunday gains after the biggest cryptocurrency dipped below $20,000 on Saturday, amidst industry gloom
Atos Shares Plunge Amidst Reorganisation, CEO Exit
Shares of French IT services giant Atos drop sharply after it announces plan to spin off cybersecurity unit and surprise exit of new chief executive
UK Digital Strategy Takes Aim At Cyber-Security, Skills Gap
Security expert praises new government digital strategy for much-needed focus on cyber-security and reducing skills gap as London Tech Week begins
Sky Backs £100m Fund For Climate Tech
British Media group Sky backs £100m Planet Fund for start-ups developing climate-related technology as London Tech Week brings focus to UK tech sector
UK Tech Start-Ups See Record Quarterly Investment
Private British tech firms buck market gloom with record quarterly venture capital investment led by fintech and healthcare tech
Toshiba Receives Multiple Proposals, As It Mulls Strategic Options
Troubled Japanese conglomerate Toshiba receives eight proposals to take it private and a couple of proposals to remain listed entity
Elon Musk Raises His Contribution To Twitter Acquisition
But one of Elon Musk's biggest backers on the Twitter board has tendered his resignation after Twitter shareholders voted to boot him
Samsung To Create 80,000 New Jobs, Plans $356 Billion Investment
South Korean electronics giant Samsung says it will create 80,000 jobs, and will sink a $356 billion investment into the firm
Spain Approves $13.1bn To Attract Chip Sector Investment
Come build a Spanish fab! Government in Spain officially approves plan to spend 12.25 billion euros on the semiconductor industry
Rivian Eyes Profitability Amidst Market Pressure
Rivian says it has enough cash on hand to achieve profitability, as it faces pressure from shareholders and customers over delays, shortages, rising costs