One of the reasons why China’s government suspended Ant Group’s initial public offering in November was that the company’s investors who stood to gain from its $37 billion IPO included those with ties to political families that represent a potential challenge to President Xi Jinping, the Wall Street Journal reported. For example, one of Ant’s shareholders is private equity firm Boyu Capital,...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
The Briefing semiconductors media/telecom
Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive google semiconductors
To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier
Org Charts enterprise Finance
The People in Power at Tech Private Equity Juggernaut Thoma Bravo