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Technology

  • Battery sustainability firm plots overseas growth after snagging approval for lithium storage box

    August 3, 2022

    Battery sustainability firm Technology Minerals has snagged UN-standard approval for its lithium-ion storage boxes and is now looking to scale its new business overseas. The London-headquartered firm’s new business, known as Recyclus, can “now go live” with the new ADR certification, executive chairman Robin Brundle told City A.M. today, which means it can operate across Europe. While [...]

  • UK pharma industry still suffering skills shortages despite progress

    August 3, 2022

    The UK’s pharmaceutical industry is still suffering from skills shortages, despite recent progresses, the UK’s industry body warned today. “We’ve made progress in addressing some of the skills gaps that pharmaceutical companies have faced in recent years, with rapid improvements in areas such as biological and chemical science,” director of corporate affairs at the Association [...]

  • 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. [...]

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