App Store revenue tumbled last month amid mobile gaming lull October 4, 2022 Apple’s App Store revenue fell last month as gaming slowed on smartphones, according to a note from Morgan Stanley. Analyst Erik Woodring said revenue dropped around five per cent, impacting the US, Canada and Japan. Using data from Sensor Tower, a firm that tracks app downloads and sales, Woodring said the main driver for the [...]
Donelan’s data law reform lag raises eyebrows October 4, 2022 Digital secretary Michelle Donelan has faced criticism over her decision to halt the data reform bill, with experts suggesting that changes will cause more harm than good when carving out the UK’s post-Brexit path. Speaking at the Tory party conference yesterday, Donelan said draft legislation first introduced in July would be paused so ministers could [...]
Chip designer Arm’s workforce nearly halves despite SoftBank promise October 4, 2022 British semiconductor darling Arm has lost 40 per cent of the workforce built up through a pledge by its owner SoftBank. Japanese investment giant SoftBank promised the UK government that it would help support the chipmaker in becoming a wafer-powerhouse, when it first bought the company in 2016. At the time, SoftBank said it would [...]
Samsung to double production capacity of advanced chips by 2027 October 4, 2022 Samsung Electronics has announced that it will double the production capacity for advanced chips by 2027, as the world goes continues to wrestle with a tight supply. The Korean chipmaker is looking to capitalise on the strong demand for computer chips, which are used in most of today’s technology – from smartphones to cars. “There [...]
Allergy Therapeutics tumbles after halting UK manufacturing October 4, 2022 Allergy Therapeutics’ share price has tumbled today after announcing it has halted its manufacturing in the UK following an internal review of its operating processes. Shares plunged more than 10.5 per cent to 17.00p per share by 11:40BST. The recent losses weigh on an ongoing trend into the red, with the stock having lost more [...]
Tech industry at risk of losing best and brightest October 4, 2022 The tech sector’s working culture is continuing to prove divisive, with new data suggesting that more than half of European tech workers are considering a career change. More than a third of young tech workers (35 per cent) are unhappy in their role, with over half (54 per cent) considering a complete change of path, [...]
Aspire Pharma buys Morningstar healthcare divisions in undisclosed sum October 3, 2022 Aspire Pharma has bought Morningside’s pharmaceutical and healthcare divisions, as well as their subsidiaries for an undisclosed sum. The deal cements an ongoing post-pandemic trend of consolidation within the pharmaceutical and healthcare sectors. Morningside’s boss Tim Brady added that the deal will give Aspire access to over 120 mid and late-stage programs. Chief executive officer [...]
Career Pivot: How To Transition To Tech October 3, 2022 You may be hearing rumblings of tech slowdowns and layoffs, and it’s true that as fears of recession deepen, many firms are tightening their belts and shoring up their bottom lines as preventative measures. Others are choosing to cut headcount across less well-performing projects or are shedding teams in areas where focus has been pulled. [...]
British defence firm Qinetiq ditches Belgian space division in acquisitions spree October 3, 2022 British defence technology firm Qinetiq has sold off its Belgium space division due to “limited” commercial alignment with its global orbital defence ambitions. Qinetiq has sold Space NV to Belgium-based Redwire Space Europe for £28m, having first bought the commercial satellite systems company in 2005. The space firm generated around €49m (£43m) worth of revenue [...]
Semiconductor supply to be tight until end of 2023, says Stellantis boss October 2, 2022 The supply of critical semiconductors is expected to remain tight until the end of next year, the boss of Fiat carmaker Stellantis said today. Speaking to French newspaper Le Parisien, Carlos Tavaresn said: “The situation will remain very complicated until the end of 2023, then will ease a little. “Semiconductor manufacturers have an interest in making [...]