Blow to India? Taiwan's Foxconn abandons $19.5 billion chipmaking joint venture with Vedanta, but seeks local incentives for new project
TECHNOLOGY POWERING BUSINESS
News Enterprise
Elon Musk Sues Law Firm Over Twitter Buyout Fees
Musk seeks recovery of $90m in fees law firm received from Twitter board for defeating Musk's attempt to walk away from acquisition
BT Chief Executive Philip Jansen To Step Down
BT Group chief executive Philip Jansen confirms he will step down within the next 12 months, as search begins for replacement
Samsung Warns Of 96 Percent Q2 Profit Plunge
Ongoing glut in chips sees Samsung warn that its second quarter profits are likely to plunge a staggering 96 percent
Microsoft-Backed Chatbot Maker Inflection AI Raises $1.3bn
Nvidia, Bill Gates, Eric Schmidt in round that values Inflection at $4bn as year-old start-up seeks to outpace OpenAI
CMA Begins Phase Two Probe Of Adobe’s Figma Acquisition
UK regulator deepens investigation into Adobe’s ‘transformative’ deal to buy collaborative design start-up Figma
Salesforce Invests $4 Billion In UK Amid AI Push
CRM giant Salesforce confirms it will invest $4bn in its UK business over the next five years, in the face of strong demand for AI
IBM Pays $4.6bn For Apptio To Bolster SaaS Insights
Big Blue opens its wallet to acquire financial and IT management software provider Apptio from venture capital owner
Japan Buys Out JSR As It Drives Chip Equipment Sector
Japanese government to buy out chip materials maker JSR as it seeks to take advantage of US-China tensions to boost domestic edge
Silicon UK Pulse: Your Tech News Update: Episode 8
Welcome to Silicon Pulse – your roundup of the latest tech news and developments impacting your business for the week ending 23/06/2023.
Intel Restructures Manufacturing Business, Shares Slide
During investor update, Intel confirms manufacturing business will work like a separate unit as part of Pat Gelsinger's foundry plan
Elon Musk Touts Significant India Investment By Tesla
India has more promise than any other large country in the world, says Elon Musk after meeting Indian PM Modi
Adobe’s $20bn Deal For Figma At Risk From EU Regulators – Report
Adobe's ‘transformative’ deal to buy collaborative design start-up Figma for $20bn is reportedly to be reviewed by EU regulators
Terra Co-Founder Do Kwon Prison Sentence
Court in Montenegro jails Terraform Labs founder Do Kwon and CFO for four months, for forging official documents
Amazon’s $1.7bn iRobot Acquisition Cleared By UK’s CMA
UK antitrust regulator clears Amazon’s proposed smart home acquisition of Roomba maker iRobot after investigation
Microsoft Reaches $2.6 Trillion Valuation Thanks To AI
Software giant Microsoft breaches $2.6 trillion valuation, but Apple remains the most valuable publicly listed tech company
ARM In Talks With Potential IPO Investors – Report
Talks with potential 'anchor investors' in ARM's upcoming IPO may include Intel, Alphabet, Apple, Microsoft, TSMC, Samsung etc
Vodafone, Three Merger: Industry Reaction
Merger to create the largest mobile operator in the UK draws reaction from industry experts and commentators
Vodafone, Three Merger To Create UK’s Biggest Mobile Operator
Vodafone UK will own 51 percent of combined entity with Three UK, as challenge to EE and Virgin Media O2 heats up
Judge Grants FTC Injunction To Temporarily Block Microsoft-Activision Deal
Temporary restraining order by US regulator to prevent Microsoft's acquisition of Activision, is granted by US judge
EU Approves €8 Billion in State Subsidies for Tech Research
European Commission approves 8.1 billion euros ($8.7 billion) of state aid for microelectronics and communication tech projects
Coinbase, Binance Hit Back After SEC Lawsuits
Coinbase CEO Brian Armstrong hits out at SEC chair Gary Gensler, while Binance alleges Gensler sought role at crypto exchange
Microsoft’s Brad Smith Meets Chancellor After Blocked Acquisition
Microsoft's Brad Smith meets with Chancellor and CMA, after saying the Activision block discourages investment in UK
SEC Sues Binance, CEO, And Coinbase
US financial regulator alleges US clients of Binance have $2.2 billion at risk, after lawsuits against Coinbase and Binance
Twitter Value Collapses After Fidelity Writedown
Financial institution slashes estimate value of its Twitter stake, suggesting the Elon Musk firm value has decreased significantly
Nvidia Briefly Hits $1 Trillion Valuation
GPU powerhouse Nvidia briefly joins elite $1 trillion valuation club, after its share price continued to rise amid AI boom
China Approves Microsoft-Activision Deal ‘Unconditionally’
Chinese regulator approves $69 Microsoft-Activision Blizzard takeover 'unconditionally' amidst opposition from US and UK
Ericsson Whistleblower Awarded $279m By SEC
Nice little earner. Record $279 million award from the US SEC to unnamed Ericsson whistleblower, over bribery case
EU Approves Viasat Inmarsat Merger
European blessing. Last remaining regulatory hurdle cleared, allowing proposed merger of Viasat and Inmarsat
Microsoft Appeals CMA Veto Of Activision Blizzard Acquisition
Expected appeal is filed by Microsoft against UK watchdog's decision to block its acquisition of Activision Blizzard