Fund raising

Apple Lends Globalstar $252m To Aid Satellite-Connected iPhones

SEC filing reveals Apple is lending Globalstar $252m to cover upfront costs of replenishing its low Earth orbit (LEO) satellites

1 year ago

ARM Disappoints UK With Decision To List Only In New York

UK Financial Conduct Authority blamed for 'inflexibility', as ARM owner Softbank opts for US-only public listing

1 year ago

China Overhauls Overseas, Domestic IPO Rules

China introduces major overhaul of rules governing IPOs on mainland and overseas exchanges, following years-long crackdown

1 year ago

Avaya Files For Chapter 11 Protection, Again

Filing for bankruptcy protection will allow cloud comms provider Avaya to reduce its total debt burden to manageable levels

1 year ago

Funding Round Values China EV Maker Zeekr At $13bn

Geely electric vehicle brand Zeekr valued at $13bn following latest external funding round, as company prepares for possible IPO

1 year ago

Intel Now Seeks $10 Billion State Aid For German Factory – Report

Chip giant Intel reportedly increases the funding requirement from German government for planned Magdeburg chip factory

1 year ago

ARM Boss Committed To Public Listing In 2023

Chief executive Rene Haas says ARM is committed to an initial public offering this year, and plans are “underway now”

1 year ago

Google ‘Invests $300m’ In AI Start-Up Anthropic

OpenAI competitors Anthropic and Cohere raising hundreds of millions as tech giants seek foothold in generative AI sector

1 year ago

Australian Start-Up To Take Over Battery Maker Britishvolt

Australian battery start-up Recharge Industries reaches deal with administrators to take over collapsed UK battery venture Britishvolt

1 year ago

Tech Nation To Shut Down After Government Pulls Grant

UK start-up backer Tech Nation to shut down operations after government awards critical grant to Barclays digital incubator

1 year ago

Recharge Industries Makes Surprise Bid For Britishvolt – Report

Aussie battery startup Recharge Industries reportedly makes non-binding offer for collapsed UK battery firm Britishvolt

1 year ago

Microsoft Seals Multi-Billion Dollar Deal With OpenAI

Microsoft expands relationship with start-up OpenAI in multi-billion dollar deal, in major bet that AI can transform its offerings

1 year ago

Musk Says Twitter To Launch Ad-Free Subscription

Elon Musk says Twitter to offer premium subscription tier without advertising, as company seeks new revenue sources

1 year ago

Elon Musk ‘Lied’ With Tesla Privatisation Tweet, Alleges Attorney

Trial begins in San Francisco between Elon Musk and Tesla shareholders over his controversial “privatisation” tweet in 2018

1 year ago

Twitter Auctions Off Office Furniture, Fixtures And Fittings

Surplus to requirements or cost cutting? Elon Musk is selling office furniture, coffee machines, and even statue of famous bird…

1 year ago

Britishvolt Calls In Administrators, After Months Of Struggle

Despite staff at battery start-up Britishvolt in Northumberland taking a pay cut last year, the firm has now filed for…

1 year ago

ARM London Listing Sought By PM Rishi Sunak – Report

British government reportedly makes fresh attempt to convince ARM owner Softbank for public listing in London

1 year ago

Tesla Seeks $776m Expansion Of Texas Gigafactory

After China factory issues, application is filed to expand Tesla gigafactory in Texas, costing hundreds of millions of dollars

1 year ago

UK Mulls Cryptocurrency Version Of Sterling

Government minister confirms UK is progressing a digital pound, following similar digital currency moves in India, Taiwan and elsewhere

1 year ago

US Bank Silvergate Covers $8bn In Crypto Withdrawals

US bank Silvergate hit by more than $8 billion in customer crypto withdrawals in late 2022 amidst 'rapid changes' in…

1 year ago

South Korea Looks To Expand Tax Cuts For Chip Firms

South Korean government wants to expand capex tax cuts for chip companies to as high as 25 percent in revision…

1 year ago

TSMC Triples Arizona Factory Investment To $40 Billion

President Joe Biden is to visit TSMC chip plant in Arizona after Taiwanese firm prepares to more than triple its…

1 year ago

MPs Urge Government Support For Chip Industry

MPs urge government to publish delayed semiconductor strategy as US, EU and China push ahead with chip plans

1 year ago

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

1 year ago

Lawsuit Against FTX Founder, As New Boss Slams Previous Management

Class action lawsuit launched against Sam Bankman-Fried, as new FTX CEO slams previous corporate management practices

1 year ago

Amazon’s Jeff Bezos To Give Away Most Of Fortune

Founder of Amazon and one of the richest men in the world, promises to give away vast majority of his…

1 year ago

FTX Crypto Exchange Files For Bankruptcy, CEO Resigns

Chapter 11 for cryptocurrency exchange FTX, after it failed to secure rescue bid and additional funding. CEO Sam Bankman-Fried resigns

1 year ago

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

1 year ago

Electric Vehicle Battery Start-Up Britishvolt ‘Near Collapse’

UK electric vehicle battery start-up Britishvolt said to be near to entering administration as funding talks reach dead end

1 year ago

Intel’s Mobileye Raises $861m In Nasdaq IPO

Shares in Intel's self-driving firm Mobileye Global rose 30 percent after successful public listing on the Nasdaq

1 year ago