UK chips sector can compete with Taiwan with a US-style strategy, says IQE boss September 6, 2022 A strategy to rival the US’ Chips Act would allow the UK to compete with the likes of Taiwan, China and the States, the CEO of chipmaker IQE has told City A.M. today. “It would really position IQE and the UK as a world leader of compound manufacturing,” Americo Lemos said. “It would allow the [...]
Government delays national security call on Nexperia’s takeover of Newport Wafer September 5, 2022 The government has pushed back its decision to approve or block the £63m takeover of the UK’s biggest computer chip maker by Chinese-owned Nexperia. Business secretary Kwasi Kwarteng had been expected to publish his decision on the deal for Newport Wafer Fab today, using fresh powers from the National Security and Investment Act which passed [...]
Apple set to double digital ad team as Big Tech looks to cull September 5, 2022 Apple plans to nearly double its digital advertising business, just as the likes of Snap bid to make teams leaner.
Dechra sets sights on expansion with two major deals and South Korean subsidiary September 5, 2022 Veterinary business Dechra has its sights set on expansion after setting up a new subsidiary in South Korea and injecting nearly £400m on acquisitions this summer alone. “We have continued to progress on all aspects of our strategy; the product development pipeline was strengthened, material acquisitions were completed post year-end and a new subsidiary was [...]
UK in the running for £7bn lithium battery gigafactory among European peers September 5, 2022 The UK is in the running for an $8bn (£6.9bn) lithium battery gigafactory, squaring up to European peers in the race to cultivate healthy electric vehicle industries locally. The global energy transition has prompted countries, such as the UK, the US and Germany, to double down on their support for domestic electric vehicle markets. The [...]
British tech firm Nanoco considers further Samsung lawsuits in UK and China September 4, 2022 Manchester-based Nanoco is considering further lawsuits in the UK and China as the battle with electronics giant Samsung continues to heat up. The London-listed firm argues that Samsung used its quantum dot technology in its QLED TV without Nanoco’s permission, claiming an infringement of copyright. US regulator the Patent Trial and Appeal Board ruled in [...]
Raft of UK pharmaceutical directors risk being disqualified after CMA ruling September 2, 2022 The UK’s competition watchdog has today issued High Court proceedings to disqualify a raft of pharmaceutical directors, including Alliance Pharma’s CEO, over suspected anti-competitive agreements. The Competition and Markets Authority (CMA) launched the investigation into the UK’s pharmaceutical sector in 2017, and revealed earlier this year that several firms had been impeding competition in the [...]
OnlyFans profit surpasses records with 2m creators on adult video platform September 1, 2022 OnlyFans has posted its largest yearly growth to date with the adult video platform saying its creators earned almost $4bn last year. The London-based tech firm’s pre-tax profits swelled to $433m, full year results for the period ended 30 November 2021 revealed on Thursday. Pre-tax profits have shot up since 2020, when OnlyFans posted $61m, [...]
Meta accused of breaching workers rights over union rep cleaner’s dismissal September 1, 2022 Meta has been accused by Amnesty International of breaching workers’ rights over claims a Bolivian cleaner working at its London offices was fired for being a union rep. The Facebook owner is set to face a protest outside its Brock Street offices on Friday ahead of the start of an unfair dismissal tribunal on Wednesday [...]
Google heads to court over billion pound competition row for Play Store September 1, 2022 Google will have to defend itself at trial over a £1bn consumer claim about Play Store, a competition judge has decided. A Competition Appeal Tribunal ruling this week found that consumer champion Liz Coll is authorised to bring an opt-out collective claim against the tech giant for alleged competition infringements. The Tribunal said that the size of the class allegedly harmed was [...]