German startup Sunfire has raised €500 million in investment

Sunfire plans to expand the production of green hydrogen German startup Sunfire has secured €500 million in funding. New investors in the startup include LGT Private Banking, Carbon Equity and GIC. Existing partners, including Lightrock, Amazon Climate Pledge Fund and Blue Earth Capital, participated in the round. In addition to the abovementioned amount, Sunfire received…

Korean company Simple Planet raises KRW 8 billion in funding

Simple Planet raises KRW 8 billion investment to develop technology Korean company Simple Planet has raised KRW 8 billion in a round of funding. Investors included local funds and venture capital firms such as POSCO Technology, Hyundai Technology Investment, Easy Holdings and others. The company has received 10 billion won in investment since its launch.…

General Motors expands electric car production

General Motors increases investment in electric car production in Brazil The American company General Motors has announced investments in the production of electric cars in Brazil. The company plans to invest USD 1.4 billion over 5 years in producing environmentally friendly transport. This step will allow GM to accelerate the production of electric cars in…

Coalition Greenwich: Banks have increased spending on technology

Spending on technology by global banks has reached 20% Spending on technology by corporate and investment banks has reached 20%, according to Coalition Greenwich. This refers to the implementation of various automated systems to improve service levels. In 2023, financial institutions increased investment in this area by 5.4%, leading to increased costs. Over the past…

Investment firm Brookfield has acquired telecoms operator ATC India

US$2.5 billion deal between Brookfield and ATC India Canadian company Brookfield has acquired ATC India for US$2.5 billion. This deal allowed the investment company to become a leader in the telecom sector in India. In 4 years, Brookfield has acquired three companies in the industry, the largest ATC. It is worth noting that the Indian…

French entrepreneurs invest in AI research

New Kyutai laboratory plans large-scale study of AI The rapid development of artificial intelligence technology points to the need to integrate it into everyday processes. It is also a strategic innovation for countries, allowing them to strengthen their position on the world scene. Recognising the importance of this, French businessmen decided to invest in AI…

UK supercomputers to help with nationally important tasks

UK supercomputers to become 30 times more powerful The Department for Technology focuses on UK supercomputers and will fund developments in this area. The decision follows the active development of artificial intelligence and increased interest in products based on it. The UK currently has two of the world's most powerful supercomputers, one in Cambridge and…

Tata Corporation plans to increase battery production in India

Tata bets on battery production for electric vehicles India's Tata Corporation plans to expand its battery production for electric vehicles. To this end, it has earmarked USD 1.6 billion for the construction of a plant. Tata Agaratas, a subsidiary of the Tata Group, will carry out the work. An agreement to set up an innovative…

Micron Technology to contribute US$3.6 billion to expand production in Japan

Micron Technology plans to manufacture DRAM chips in Japan US-based Micron Technology will invest US$3.6 billion to expand its manufacturing capacity in Japan. The new facility will produce innovative DRAM chips. Production will take place at the company's Hiroshima plant. The plant will be modernised and equipped with advanced equipment to automate key technological processes.…

Japan’s investments to become the largest in the global market of semiconductor products

Japan's investments in semiconductor manufacturing to reach US$7 billion After peaking in 2020-2021, the semiconductor market has declined gradually in growth rates. The demand for chip devices is falling, as evidenced by the sales of such giants as Samsung and Apple. However, despite the slowdown, there is still an acute shortage problem in the world,…

30.10.20230Comments

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