Chipmaker Pragmatic takes a slice of £150m industry cashpot to go green October 14, 2022 British chipmaker Pragmatic has been injected with £2.4m to make its semiconductor manufacturing process greener. The production of semiconductors, microchips used in most of today’s electronics, is highly resource intensive and uses a significant amount of energy and water. “While many semiconductor companies are taking positive steps to mitigate this, for example with a transition [...]
The Electronic Trade Documents Bill – one of the most important Bills you’ve never heard of October 12, 2022 Today, in the House of Lords, Lord Holmes witnessed the Government introduce an incredibly important piece of legislation.
Intel to cull thousands of jobs amid sales slowdown October 12, 2022 Intel is set to cull thousands of staff as the chipmaker attempts to fight off a sales slowdown. According to initial reports from Bloomberg, the layoffs will be announced as early as this month, slimming back its 113,700 global headcount. Sources told the publication that the sales and marketing teams could see as many as [...]
Chipmakers continue to feel hangover from US export ban October 11, 2022 SHARES in chipmakers continued to tumble today, as the sector feel the hangover of Washington’s decision to limit chip exports to China. Adding fuel to the US-China tech war on Friday, President Joe Biden blocked American firms from selling chips for use in AI and supercomputers in China. He said these curbs were aimed at [...]
3 Great Tech Roles To Apply For This Week October 10, 2022 Looking for a new job in tech? The UK is expected to add nearly 15,000 technology-related jobs this year, according to a recent report from the Computing Technology Industry Association (CompTIA), a nonprofit association for the information technology (IT) industry and workforce. The report also states that there are already two million tech workers across [...]
Tax credit experts Adsum: Firms can’t wait for Truss to solve problems – pursuing digital transformation is key October 7, 2022 With Liz Truss’ government looking to kickstart the economy through low taxes and deregulation, City A.M. sat down with the head of a fintech tax credit specialist, to find out how businesses can overcome challenges. Co-Founder and Director at Adsum, Freddie Digby, spoke at length about the challenges facing UK businesses at present, and while [...]
Woodford fund manager set to return £20m to burnt investors October 6, 2022 The manager of Neil Woodford’s collapsed investment fund said today it plans to give £20m back to investors after it was warned by the financial watchdog it would be hit with a hefty bill over its role in the scandal last month.
Letters: A GDPR Brexit won’t help us October 6, 2022 [Re: Donelan’s data law reform lag raises eyebrows, Oct 4] The announcement this week by culture secretary Michelle Donelan that the UK plans to replace GDPR with its own “business and consumer-friendly British data protection system” is bad news. It will only increase complexity for companies in Britain and the EU hoping to collaborate by [...]
Zodia Markets turn to Miano as CTO October 5, 2022 City-based crypto asset brokerage and exchange Zodia Markets has appointed Giovanni Miano as its Chief Technology Officer.
Socially conscious insurer Lemonade makes first entry into UK market October 3, 2022 New York insuretech company Lemonade Inc today launched in the UK market with a view to disrupting Britain’s centuries-old insurance sector with its socially-conscious, AI-driven business model. The digital insurer aims to break the “cycle of distrust that plagues the insurance industry” with its pledge to cap its margins at 25 per cent by donating [...]