The American Chamber of Commerce has urged South Korea to pardon Samsung chair Lee Jae-yong and release him from prison in a bid to boost chip manufacturing there and in the U.S., according to the Financial Times. Lee was imprisoned for bribing the former president of South Korea in what has been described as a bid to gain control over Samsung. The sprawling tech conglomerate is mulling...
U.S. Companies Lobby for Early Release of Jailed Samsung Boss to Ease Chip Shortage
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The TikTok Investors With the Most to Lose From a U.S. Ban
For venture investors that have collectively invested more than $8 billion in TikTok’s parent company, ByteDance, the fate of the video app in the U.S., where officials are seeking changes to its ownership, could mean the difference between a huge portfolio win and a soul-crushing loss. Early backers of ByteDance such as Susquehanna International Group and Sequoia Capital’s China...
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
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The Instant Oral History of the Silicon Valley Bank Collapse
On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.