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
TECHNOLOGY POWERING BUSINESS
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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
Funding Round Values Cryptocurrency Exchange KuCoin At $10bn
New $150m funding round values Seychelles-based cryptocurrency exchange KuCoin at $10bn amidst soaring investment in 'web3' ventures
Bitcoin Falls 50 Percent From November High
Bitcoin, other cryptocurrencies slump amidst broader stock market sell-off amidst central bank interest rate hike and economic uncertainty
German Government Touts $14.7bn State Aid For Chip Factories
Minister in German government says the country wants to attract chip makers with 14 billion euros ($14.71 billion) in support
Musk ‘In Talks’ With Potential Partners For Twitter Financing
Elon Musk reportedly in talks with large investment firms and wealthy individuals to help fund the cash portion of massive $44bn Twitter buyout
Tesla’s Elon Musk Sells Shares Worth $4bn, Promises No More
Elon Musk sells $4 billion of Tesla shares to help in his Twitter takeover, but indicates no further Tesla share sales are planned
Musk In Talks With Thoma Bravo Over Joint Twitter Bid – Report
Media report suggests Elon Musk is in talks with private equity group Thoma Bravo about partnering up for possible Twitter takeover
Musk Secures $46.5 Billion Funding For Twitter Takeover
World's wealthiest man Elon Musk puts up $33.5 billion of his own money, as he readies for boardroom battle over his Twitter bid
Bitcoin Mining Start-Up To Make Nasdaq Debut
Bitcoin mining and infrastructure start-up Prime Blockchain set to list on Nasdaq in merger with blank-cheque firm valuing it at $1.25bn
Intel Confirms ‘Mega Factory’ In Germany
Chip giant Intel says it will initially invest 33 billion euros in EU, including 17bn euros for a 'semiconductor fab mega-site in Germany'
ARM To Axe 15 Percent Of Staff, 1,000 Jobs To Go
Chip designer ARM is to cut 15 percent of its workforce, as it reverts to its backup plan of an initial public offering after the Nvidia deal collapse
Rivian Sued By Shareholder, Alleging Misleading IPO Data
Shareholder alleges Rivian misled investors about pricing of SUV models - prices for which were increased, then quickly rolled back after customer backlash
Intel’s Mobileye Files For IPO
Intel’s self-driving-car unit Mobileye files for IPO in the United States, in what could be one of the largest tech floatations of 2022
SEC Investigates Elon Musk And Brother Over Share Sales – Report
Fresh scrutiny. Elon Musk and his brother Kimbal Musk reportedly being investigated by the SEC for alleged insider trading
Crypto Giant Binance To Take $200m Stake In Forbes
Giant cryptocurrency exchange Binance to take $200m stake in Forbes as media firm plans $630m listing in New York through blank-cheque company
ARM Likely To File For Public Listing In US
Disappointment for London Stock Exchange, as ARM owner Softbank indicates it will file for public listing in the United States
Nvidia’s $40bn Purchase Of ARM Holdings Collapses
Softbank and Nvidia confirm termination of controversial $40bn purchase of UK's ARM, which now has new CEO ahead of initial public offering
Nvidia Preparing To Abandon $40bn ARM Acquisition – Report
Facing many regulatory probes and lawsuits, Nvidia tells its partners it is preparing to abandon its acquisition of ARM Holdings
Digital Bank Chime Financial Plans Massive IPO
Chime Financial plans New York IPO worth up to $40bn after Covid-19 pandemic leads to surge in users and spiralling market valuation
China Mobile Enjoys Successful Shanghai IPO After NYSE Delisting
After being delisted from New York Stock Exchange last year, China Mobile enjoys successful public offering in its home market
Rivian Delays Long Range SUVs, Pickups To 2023
Rivian has reportedly warned customers it will delay deliveries of its electric pickup and SUV models featuring big battery packs
Italy’s Talks With Intel ‘Intensifies’ Over $9bn Chip Factory – Report
Intel and Italy are intensifying talks over $9 billion investment plan to build advanced semiconductor packaging plant in the country