Intel revises estimate for Magdeburg plant
The US corporation Intel has presented the German government with a new estimate for the construction of a plant for the production of chips. According to the calculations, the investment of the German side should amount to 10 billion euros, and the company - 17 billion euros.
It became…
Alibaba invests in data center and logistics hub in Turkey
Chinese IT giant Alibaba plans to expand its business in Turkey. The president of the technology corporation announced the launch of a large-scale program, which includes the opening of a data center near Ankara. The amount of investment allocated by Alibaba was about $1 billion.…
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…