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Arm IPO gets more complicate |
9/13/2023 |
Japanese tech conglomerate SoftBank aimed for the IPO after an attempt to sell Arm for $40 billion to Nvidia last year failed because U.S. and European regulators cited antitrust concerns. SoftBank aims to sell a 10% stake in Arm in the IPO, for as much as $70 billion, according to Reuters. That would make it one of the world’s largest IPOs this year while allowing SoftBank to keep a controlling stake in Arm.
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Huawei is put on watch for a possible come back |
9/12/2023 |
Huawei was put into the spotlight after it launched the Mate 60 Pro powered by a secretive SMIC-made SoC. However, it is too early to be optimistic about Huawei's breakthrough from US sanctions.
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China domestic EV markeet slows down |
9/11/2023 |
Battery electric vehicle (BEV) unit sales in China grew by 37% year-on-year (YoY) in the second quarter, lower than the global average of 50%, highlighting a slowdown in domestic growth as the frail Chinese economy impacted demand in the world’s biggest EV market,
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GTA Semiconducto of Shanghai, China raises $1.8bn |
9/8/2023 |
GTA Semiconductor of Shanghai, the Chinese auto IC manufacturer, has raised $1.8 billion to bring the amount it has raised in the last two years to $2.7 billion with most of it coming from the government.
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Intel and Tower Ink New Foundry Agreement |
9/7/2023 |
Under the agreement, Tower will utilize Intel’s advanced manufacturing facility in New Mexico. Tower will invest up to $300 million to acquire and own equipment and other fixed assets to be installed in the New Mexico facility, providing a new capacity corridor of over 600,000 photo layers per month for Tower’s future growth,
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