About Us
Pricing
Briefing
Apple

Apple Picks German City for New Silicon Chip Laboratory

By Mark Di Stefano
· · Source: The Information

Apple CEO Tim Cook has outlined plans for a new silicon chip lab in Germany, committing more than $1.1 billion over three years for the project to research and develop 5G and wireless chips. The company has dubbed the new building the “European Silicon Design Centre,” with plans to hire hundreds of new employees for the lab in central Munich’s Karlstrasse. “I couldn’t be more excited for...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Crypto Global Crypto Markets
Bitcoin After Inflation; Games Build Bridge to DeFi
By Hannah Miller · July 28, 2021 2:46 PM PDT
Bitcoin prices got a lift after the Federal Reserve said on Wednesday that it was keeping interest rates near zero on Wednesday, despite rising inflation. The cryptocurrency is currently just under $40,000, an increase of 4.1% over the past 24 hours, a sign that at least some investors still see value in bitcoin as an inflation hedge.But Fed Chair Jerome Powell also said at a news conference...
Latest Briefs
 
Microsoft Acquires Spending Management Startup Suplari
By Kevin McLaughlin · July 28, 2021
Facebook’s Revenue Jumps 56% to $29 billion
By Sylvia Varnham O'Regan · July 28, 2021
FTC Chair Claims Big Tech Promote Fraud
By Martin Peers · July 28, 2021
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Matt Mochary. Illustration: Mike Sullivan
Venture Capital Startups
The Coach Behind the Coinbase and Robinhood CEOs
By Kate Clark
Matt Mochary was on a high. AngelList CEO Naval Ravikant had just told the leadership consultant and former startup founder that their 90-minute session had solved a problem Ravikant had been grappling with for decades.
Amazon streaming chief Mike Hopkins. Photos: AP; MGM
Exclusive Media/Telecom Amazon
Mike Hopkins Wants to Make Amazon a Hollywood Powerhouse. MGM is Just the Start.
By Jessica Toonkel
Mike Hopkins had barely gotten his Amazon employee badge when Prime Video, the streaming service he oversaw for the internet retailer, had a possible crisis on its hands.
Zhang Lei (left) and Neil Shen. Photos by Bloomberg; AP
Exclusive Venture Capital Asia
Sequoia Capital vs. Hillhouse: Inside China’s Fiercest Investor Rivalry
By Juro Osawa and Shai Oster
Last fall, Sequoia Capital China, the Silicon Valley VC firm’s affiliate led by investor Neil Shen, pledged to invest $400 million in a new funding round for Full Truck Alliance, China’s “Uber for trucks.” Days later, Zhang Lei, the rival head of private-equity giant Hillhouse Capital Group, flew to Nanjing, met Full Truck’s CEO over dinner and arranged a $110 million investment in the same round, according to a person familiar with the matter.
Illustration by Danielle Davis.
Markets
Boxed, BuzzFeed Debt Deals Show New Financing Option for SPAC Mergers
By Berber Jin
In early March, when online retailer Boxed decided to go public through a merger with a special purpose acquisition company, it expected to raise $150 million by selling equity.
Exclusive Venture Capital Startups
The Robotics Startup That Got Away (From Amazon)
By Mark Di Stefano
When Jeff Bezos attended a private robotics and artificial intelligence event in Palm Springs, Calif., in 2018, one presentation in particular caught the attention of the Amazon founder.
Salesforce president and chief operating officer Bret Taylor at a Salesforce conference in 2019. Photo provided by Salesforce
Enterprise Startups
Bret Taylor Faces His Biggest Test at Salesforce
By Kevin McLaughlin
Five years ago, Salesforce paid $750 million to buy a startup called Quip that made an internet-based word processor and spreadsheet app meant to give Microsoft’s competing Office products a run for their money.