US Commerce Dept to provide $162 million to Microchip Technology to increase chip production in Colorado and Oregon
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US Awards $35m To BAE Systems In First Chips Act Grant
BAE Systems US subsidiary to receive $35m in first Chips and Science Act award as Raimondo predicts multi-billion-dollar projects next year
Chinese AI Start-Up Achieves $1bn Valuation In Eight Months
Beijing-based AI start-up 01.AI, founded by computer scientist Kai-Fu Lee, valued at more than $1bn less than eight months after founding
China To Launch $40 Billion State Chip Fund – Report
Sanctions response. New state-backed investment fund is to be launched that seeks to raise $40 billion for China's semiconductor sector
UK Launches £1 Billion FinTech Fund
FinTech Growth Fund, backed by Mastercard, Barclays and the London Stock Exchange, aims to fund financial technology companies before listing
Nvidia In Talks To Be Anchor Investor In ARM – Report
GPU powerhouse reportedly in talks with British chip designer ARM, ahead of its September floatation in New York
Government Sets Aside £150 Million For Full 5G Connectivity By 2030
Government investment to expand 5G coverage in UK, as Digital Poverty Alliance says connectivity is a necessity for everyone
Virgin Orbit Nears Deal For Emergency Funding, After UK Launch Failure
Days after Virgin Orbit halted operations and furloughed staff, comes a report it is close to securing emergency funding
Budget 2023: Chancellor Pledges £2.5 Billion For Quantum Computing
With UK predicted to avoid recession, spring budget by Chancellor Jeremy Hunt announces funding injections into tech sector
Intel Seeks $5 Billion More In Subsidies For German Chip Plant –...
Chip giant Intel is reportedly seeking an additional 5 billion euros in subsidies from the German government
Intel Now Seeks $10 Billion State Aid For German Factory –...
Chip giant Intel reportedly increases the funding requirement from German government for planned Magdeburg chip factory
EU Countries Agree 45bn Euro Chip Production Plan
European chip production subsidies. Agreement from EU countries to a 45-billion-euro ($46.6 billion) fund to encourage local chip production
Britishvolt Secures Funding For Five Weeks
Staff at battery start-up Britishvolt in Northumberland take a pay cut, after it secures five-week funding lifeline
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
Most Cyber Attacks Are Preventable, Says Tanium
Majority of board of directors will only approve new cybersecurity funding after a cyber attack has taken place, Tanium research discovers
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
Intel Selects German City For European Chip Factory – Report
US chip giant Intel reportedly selects Magdeburg in Germany for new European chip factory, although official confirmation is expected later this week
Biden Earmarks $5bn For US Electric Vehicle Charging Stations
US government establishes $5 billion fund to help US states construct nationwide electric vehicle charging network across major transportation routes
US Carriers Ask FCC for $5.6bn For Chinese Kit Replacement
US carriers ask for billions more dollars than the $1.9 billion initially offered by the US to replace all Huawei equipment
US Legislation To Boost Chip Funding Set For House
US House of Representatives set to introduce bill on tech funding and domestic chip manufacturing, as EU advances own plan for local semiconductor plants
EU May Ease State-Aid Rules To Help Fund New Chip Factories
European Union may relax its strict state-aid rules, in an effort to increase funding for construction of new chip factories in the bloc
Eutelsat Raises Stake In OneWeb
French satellite firm Eutelsat increases stake in UK-based OneWeb, with additional $165m investment in satellite internet firm
FCC Opens $2bn Fund For Rural Carriers Replacing Huawei Kit
US communications regulator, the FCC, readies compensation fund for rural US telecom carriers removing Huawei and ZTE kit
UK Government Holds Stakes In 158 Start-ups
British Business Bank which runs the Government's 'Future Fund' has provided funding of $1.1 billion and holds stakes in 158 start-ups
Government £375m Fund For UK Tech Firm Growth
Government opens £375 million scheme to deliver funding for British startups including tech players, to bolster UK’s post-pandemic economy
OneWeb Gains Additional $500m Funding From Bharti
Busy period for OneWeb with additional funding, launch of more satellites, and signing deal with BT for rural broadband provision
Hiring In UK Tech Sector Hits Five Year High
Welcomed news. Tech hiring hits five year high, with 132,000 open jobs per week in May, new data for the government reveals
Alphabet’s Waymo Raises $2.5 Billion Funding
Fresh round of investment into self-driving division of Alphabet, to help grow Waymo and develop its autonomous driving tech
US Sets Next Stage For $250bn Bill To Counter China Tech
US Senate set to resume debate of $250bn US Innovation and Competition Act that looks to counter the global influence of Chinese technology
US Senate Democrats Propose $52 Billion For US Chip Production
Democrat leader in the US Senate revises legislation to approve $52 billion plan to ramp up US semiconductor manufacturing