TSMC is waiting for investment cuts: the reasons
Taiwan's TSMC Corporation, the world's largest manufacturer of semiconductor products, announced a reduction in investment in the business. The reason for such a decision was the drop in demand for microchips and, as a consequence, the forecast reduction in the company's revenue. According to the forecasts, in…
Peter Thiel continues to invest in the venture capital sector despite challenges
Businessman Peter Thiel invested $250 million in the venture capital fund Tacora Capital, which was a major investment for him. Thiel is first of all known as the cofounder of the PayPal payment system; in addition, he was the first investor in a…
TeraWatt Infrastructure received funding to expand the charging center infrastructure
TeraWatt Infrastructure held a Series A financing round that raised $1 billion. The funds will be used to expand the infrastructure of charging centers for electric vehicles.
TeraWatt is engaged in the development of charging complexes for electric vehicles. This niche is becoming more and…
Petershill's investment portfolio will be expanded with a new asset
Petershill, which is engaged in investment activities in the technology and healthcare sectors, announced the purchase of shares in LLR Partners. It is a minority stake, and the amount of the deal was not disclosed.
Petershill was founded by the investment bank Goldman Sachs in…
Geely became an investor in a luxury car brand from the UK
The Chinese automaker Zhejiang Geely Holding bought a stake in the British company Aston Martin. The latter is a manufacturer of luxury cars. The amount of the deal was approximately 66 million pounds and was another step in expanding the business of Chinese…
Selling state-owned companies will help stabilize the situation in Egypt
The food crisis, geopolitical tensions, and rising inflation around the world hit the Egyptian economy hard. To stabilize the situation and support the domestic market, the government took desperate measures. It developed a program, one of the points of which is the sale of state-owned…
Damac enters new markets
One of the UAE's largest real estate developers, Damac, is entering a new area for itself: the technology sector. To this end, it has allocated 1 billion euros, which will go to the development of this industry in Germany. According to company representatives, the investment will be used to support data…
Nuclear fusion: forecasts of the development of the field
The International Fusion Industry Association (FIA) has published a new report on the state of the industry. According to the document, investments in nuclear fusion have increased almost 2.5 times over the year. In this case, we are talking about commercial programs. Such dynamics suggest that…
Klarna fintech valuation lowered to $6.7 billion
Fintech Klarna raised $800 million in another round of financing. Investors included such companies as Commonwealth Bank of Australia, Sequoia, and others. Interestingly, the startup managed to get quite a large amount at a valuation of $6.7 billion.
Klarna is the largest fintech in Europe, but its value…
Chevron invests in nuclear fusion technology
The American corporation Chevron became one of the investors in the startup TAE Technologies, which is engaged in developments in the field of nuclear fusion. In addition to the energy company, the technology giant Google and the Japanese Sumitom Corporation invested in the project. A total of $250 million…