US tries to lure chipmakers away from expansion in China with $52bn subsidy package August 3, 2022 The US has tried to incentivise chipmakers to not expand any further into countries like China and Russia, which is forecast to hit TSMC and Intel. Under the Chips and Science Act, which the White House is expected to sign this month, the US will offer semiconductor manufacturers access to $52bn (£42.5bn) worth of subsidies. [...]
Revenues climb for Keywords Studio as it snaps up Mighty Games in market share push August 3, 2022 Revenues climbed 34 per cent to €320m for Keywords Studio as the video game giant announces a fresh acquisition of Mighty Games.
Influencer push: Head of Instagram heads to London to help drive creator content August 2, 2022 The head of Instagram is set to move temporarily to London as the social media giant tries to keep up with the TikTok influencer wave.
Sage revenues jump as firms plough cash into cloud August 2, 2022 Software giant Sage Group said revenues had jumped to £1.3bn today as firms continue to plough cash into digital transformation projects sparked by the pandemic.
UK tech safety revenue and jobs soar as landmark bill gets shelved till autumn August 2, 2022 Despite the landmark Online Safety Bill being shelved until the autumn, UK safety tech sector’s revenues jumped 21 per cent to £381m in the last year.
Chancellor resumes efforts to woo Arm away from Nasdaq listing July 31, 2022 Chancellor Nadhim Zahawi has resumed the UK Government’s efforts to woo Cambridge-based chip maker Arm away from a New York listing and back to London. Zahawi – who was appointed Chancellor following Rishi Sunak’s resignation in early July – has reportedly contacted Masayoshi Son, chief executive of Arm’s parent company SoftBank. SoftBank was in talks [...]
US and Japan to split semiconductor research amid national security concerns July 30, 2022 The US and Japan have inked an agreement to set up a shared research centre for next-generation semiconductors, as supply of the in-demand tech becomes increasingly tied to national security. At a meeting in Washington on Friday, Japanese trade and foreign ministers Koichi Hagiuda and Yoshimasa Hayashi, with US secretary of state Antony Blinken and [...]
UK tech components maker mulls moving out of Sri Lanka amid unrest July 28, 2022 UK electronic components maker DiscoverIE could transfer its Sri Lankan operations to China or India amid political unrest in the country. The London-listed firm, which designs and manufactures computer chips and transformers for the wind energy market, has drawn up contingency plans to ensure output levels remain the same as the company experiences heightened demand. [...]
Lithium battery maker to build £190m megafactory in the UK in global EV push July 28, 2022 Lithium battery maker AMTE Power is set to build a so-called megafactory in the UK, in a bid to build on “a strong heritage of innovation” in the country as opposed to mainland Europe, which has equally attractive financial incentives. The London-listed firm, which also makes sodium batteries to store renewable energy, saw shares surge [...]
GSK hikes profit and sales forecasts in first results as focused biopharma firm July 27, 2022 GlaxoSmithKline (GSK) has hiked its operating profit and sales forecasts for this year, in its first results as a newly focused biopharma firm. Bosses at GSK now expect adjusting operating profit growth of between 13 and 15 per cent, and sales growth of around six and eight per cent, with guidance lifted by one [...]