Democrat leader in the US Senate revises legislation to approve $52 billion plan to ramp up US semiconductor manufacturing
TECHNOLOGY POWERING BUSINESS
News Fund raising
Jeff Bezos Offloads $2 Billion In Amazon Shares
Needs some spending money...Amazon CEO Jeff Bezos has this week sold nearly $2 billion worth of Amazon stock for his other projects
Intel To Invest $3.5bn To Expand New Mexico Factory
Chip giant Intel is to ramp up its manufacturing capability at its New Mexico factory, and will add 3D packaging manufacturing capabilities
NASA Halts Moon Lander Work After Contract Challenge
NASA orders SpaceX to halt work on Moon rocket programme after Blue Origin accuses SpaceX of space exploration 'monopoly'
Darktrace Enjoys Successful London IPO
Darktrace enjoys successful public listing in London on Friday, valuing the AI security specialist at £1.7 billion ($2.4 billion)
Eutelsat Buys 24 Percent Stake In OneWeb For $550m
French satellite operator Eutelsat joins British government and Bharti, with investment so as to access to its LEO broadband constellation
Apple To Build $1 Billion Campus In North Carolina
As part of a $430 billion investment over five years in the US, Apple is to build a new campus for AI research and software engineering
Foxconn Scales Back $10bn Wisconsin Factory
Taiwanese manufacturing giant Foxconn dramatically scales back US factory that was heavily touted by former President Donald Trump
Apple $200m ‘Restore Fund’ Targets Climate Change
Apple reveals $200 million investment fund called the 'Restore Fund', to remove carbon emissions and support sustainable forestry
Dell To Offload Ownership Stake In VMware
The valuable 81 percent ownership stake in VMware held by Dell Technologies is to be spun off, generating a $12 billion shareholder dividend
AI Security Firm Darktrace Plans London IPO
Darktrace, a pioneer in applying artificial intelligence techniques to cyber-security, makes first major London IPO bid following Deliveroo flop
Deliveroo Flop Raises Questions For London Tech IPOs
Questions raised over Deliveroo pricing strategy after biggest London IPO in a decade delivers biggest flop in recent memory
TSMC Pledges $100 Billion Over Three Years, For ‘Advanced’ Chip Making
Mammoth investment over three years to bolster advanced chip making, in order to keep up with rising demand, amid the global silicon shortage
Google Adds £21m To EU Fake News Warchest
EU fund to fight fake news receives first investment, namely 25 million euros from Google, amid ongoing scrutiny of tech giant efforts
Europe Looks To Ease Red Tape For Start-Ups
European Commission proposes new rules to lessen red tape for start-ups, including stock option reform and easier immigration visas
Tesla Shares Rally After Expensive Share Slide
Shares in the world's most valuable car maker rose nearly 20 percent, after selloff wiped off $300 billion market capitalisation
Samsung Mulls Four US Locations For $17bn Chip Factory – Report
Two sites in Arizona, one in New York and one is Texas being considered for new multi-billion dollar chip factory for Samsung
Budget 2021: Contactless Limit Raised To £100
Budget 2021. Debit card contactless payment limit raised to £100, as Coronavirus pandemic accelerates electronic payment popularity
GlobalFoundries $1.4bn Investment To Address Silicon Shortage
US chipmaker pledges $1.4bn to ramp up production at its US, Germany and Singapore factories to tackle global chip shortages
SpaceX Raises Another $850 Million Funding – Report
Up, up and away. Elon Musk's space firm raises an extra $850 million, but could have had raised billions of dollars if needed
Microsoft Invests In GM’s Cruise For Self-Driving Future
Software giant confirms it is part of a $2 billion investment in GM's Cruise self-driving unit, which will utilise Azure going forward
Alibaba’s Founder Jack Ma Absence Triggers Concern
Where is Jack? Concern mounts over Alibaba's Jack Ma, after Chinese regulatory clampdown on his business empire following outburst
Elon Musk Leaves California, Moves To Texas
After threatening to pull Tesla out of California altogether, Elon Musk reveals he has personally left the US state and relocated to Texas
Canada Plans Digital Services Tax In 2022
Despite OECD talks on common approach, Canada becomes latest country to announce its own digital services tax on big tech
France Warns Big Tech To Pay Digital Tax In December
Pay up, pay up. France issues notices to big name tech firms such as Amazon and Facebook, to prepare to pay digital tax levy from next month
Elon Musk To Overtake Zuckerberg As Third Richest Person
Rising Tesla share price raises Elon Musk total net worth by $15 billion, putting him behind Jeff Bezos and Bill Gates in terms of wealth
TSMC Seeds Arizona Subsidiary With $3.5 Billion
Trump plan to bring manufacturing back to US sees Taiwanese chipmaker provide $3.5 billion for promised $12 billion Arizona factory
Elon Musk Admits Tesla Was ‘A Month Away’ From Bankruptcy
The CEO of the world's most valuable car maker has admitted Tesla was at one stage in serious danger of running out of money
McAfee Raises $620 Million With Wall Street Return
Security vendor McAfee has returned to the public markets with an IPO that raised $620 million, below the $740 million it had hoped to gain
Bletchley Park Financial Crisis Eases After Facebook’s £1m Donation
Jobs have been saved at the birthplace of modern computing Bletchley Park, after a much needed £1 million donation from Facebook