Apple has sued Rivos, a startup using open-source RISC-V technology to design chips, alleging that some of the 40 ex-Apple employees at Rivos took trade secrets from Apple before heading to the startup. The lawsuit, filed in federal court in San Jose, alleges that several employees moved data to personal storage devices, wiped their Apple-owned devices in violation of an agreement they had...
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Chinese Investment Giant Hillhouse Capital Seeks to Expand Outside China
Hillhouse Capital Group, the Chinese sprawling investment powerhouse that has drawn comparisons to Tiger Global Management, has a new challenge: growing outside China. The firm is best known for investments in Chinese tech giants such as Tencent, JD.com, Didi Global and TikTok owner ByteDance. But the devastation of China’s private equity and venture capital sectors, caused by...
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