Government to fund semiconductor research hubs in Bristol and Southampton, to help bring new chip tech to market
TECHNOLOGY POWERING BUSINESS
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TSMC To Build Second Factory In Japan
World’s largest chipmaker TSMC confirms it will build second fab in Japan, with backing from Sony and Toyota
UK EV Maker Arrival Collapses Into Administration
British electric vehicle start-up Arrival enters administration three years after being valued at $15bn, with 170 jobs at risk
Yandex Parent To Sell Russian Operations
Parent company of major Russian search engine Yandex to divest Russian operations as it refocuses amidst Ukraine conflict
Meta Pleases As ‘Year Of Efficiency’ Pays Off With FY23 Results
Mark Zuckerberg and his “year of efficiency” pledge made in Feb 2023, has been viewed as successful by investors
Apple Lowers iPhone Forecast, As Tim Cook Touts ‘AI Announcement’
Modest increase in first quarter profit and revenues, as Apple lowers iPhone shipment forecast, amid China sales decline
UK Police Holding Bitcoin Worth £1.4 Billion – Report
One of the world’s largest asset seizures saw British police in 2018 seize four devices containing more than 61,000 bitcoin
FTX Abandons Crypto Exchange Return
No coming back. Attorney for FTX confirms attempts to restart disgraced crypto exchange have been abandoned
Alphabet’s Ad Revenue Miss Punished By Investors
Another tech industry bellweather, Alphabet, delivers strong Q4 and FY23 financials, yet investors not happy at ad revenue miss
Microsoft Profit Rises 33 Percent Thanks To AI, Cloud
Strong AI adoption and cloud helps Microsoft deliver another strong quarterly performance, amid $3 trillion valuation
Amazon Abandons $1.4bn iRobot Buy Amidst EU Opposition
Amazon calls off deal to buy iRobot for $1.4bn after EU raises concerns over competition in market for home devices
UK CMA Opens Antitrust Investigation Of Vodafone, Three Merger
Competition and Markets Authority (CMA) begins Phase 1 investigation of Vodafone UK's merger with Three UK
Binance Founder Changpeng Zhao Refused Permission To Leave US, Again
US judge refuses to allow Binance founder Zhao to travel to UAE, despite pledge of $4.5 billion equity stake in Binance
Microsoft Axes 1,900 Staff After Activision Acquisition
Microsoft adds to job gloom after axing 9 percent of its gaming division, after closing the Activision Blizzard acquisition
Netflix Subscribers Surge Amid Password Crackdown
Saturated streaming market? Netflix pleases investors by recording notable rise in paid subscribers, on top of strong Q4 financials
EU Set To Reject Amazon iRobot Buy
European Union set to reject Amazon takeover of Roomba robot vacuum cleaner maker iRobot after e-commerce giant fails to offer remedies
Elon Musk Seeks Larger Tesla Stake Ahead Of AI, Robotics Push
Tesla boss wants 25 percent controlling stake in EV giant, before growing firm to be AI and robotics leader
Crypto Firm HashKey Attains Unicorn Status With $100m Funding Round
Hong Kong-based crypto firm HashKey Group attains valuation greater than $1bn after $100m funding round, in sign of digital asset optimism
Microsoft Briefly Overtakes Apple As Most Valuable Tech Company
Microsoft briefly overtook Apple as the most valuable tech company in the world, after share price pushed market cap to $2.87 trillion
SEC Approves Bitcoin ETFs, As Crypto Industry Rejoices
Watershed moment? What does US SEC approval of bitcoin ETFs mean for the bitcoin and entire crypto market?
Hewlett Packard Enterprise To Acquire Juniper Networks For $14 Billion
HPE to acquire Juniper Networks for $14 billion in cash, in a move to bolster its AI networking credentials
SEC Investigates After Fake Post On X/Twitter Account
US securities regulator confirms unknown individual accessed its X social media account to post false message about ETFs
EU’s Antitrust Head To Meet Tech CEOs Next Week
Margrethe Vestager to met Tim Cook, Sundar Pichai, Jensen Huang etc to discuss EU digital regulation and competition policy
Intel Spins Out AI Firm Articul8, With DigitalBridge Backing
AI software developed at Intel is being spun off into independent firm Articul8 AI, with investment firm backing
Terra Co-Founder Do Kwon Violated US Law, Judge Rules
US judge sides with SEC, after ruling Do Kwon and Terraform Labs violated US law by failing to register two digital currencies
Israel Agrees $3.2bn Grant For Intel $25 Billion Chip Factory
Intel to make its largest ever single investment in Israel, with a $25 billion chip-making factory in the south of the country
Hyperloop One To Close Down – Report
Futuristic travel experiment Hyperloop One to cease operations, as assets sold off and remaining staff made redundant
Controversial Parler Platform Set For 2024 Return
Social media platform Parler says it will return in Q1 2024 under new owners, after its closure back in April this year
Toshiba Delisted From Toyko Stock Exchange After 74 Years
End of an era for Japanese electronics giant Toshiba, as it undergoes transition into private ownership after years of upheaval
Jack Ma-Backed Seafood Start-Up Begins Online Sales
Jack Ma-backed start-up 1.8 Meters Marine Technology begins selling seafood in stores and online as billionaire finds post-retirement focus