Princeton Digital Group invested $1 billion in the construction of a new data center

Princeton Digital Group plans to strengthen its position in the Asian market Princeton Digital has allocated US$1 billion to construct a new data center. The facility will be located on an island in Indonesia near Singapore. According to the company, the decision to build new data centers in Southeast Asia is due to the region's…

Intel asks for more investment in a new plant in Germany

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…

Chinese tech giant Alibaba opens new facilities in Turkey

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 Corporation plans to reduce investment in production

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 invested $250 million in the venture capital fund Tacora Capital

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 held a Series A funding round

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 buys minority stake in LLR Partners

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…

Chinese automaker Geely invested in British manufacturer Aston Martin

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…

Sale of state-owned companies: Egypt plans to raise $6 billion

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…

Developer Damac invests in Germany’s technology sector

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…

28.11.20220Comments

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