Lidar Maker Quanergy Nears China-Backed SPAC Merger Deal
Quanergy's deal comes as global investors are growing more skeptical after the poor performance of companies that have gone public through SPACs.
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U.S. Rescinds Orders Prohibiting Transactions With WeChat, TikTok
The move comes after a similar order was rescinded earlier this month that revoked a series of Trump-era executive orders aimed at banning the two apps.
GlobalFoundries to Build $4 Billion Chip Factory in Singapore
The investment comes despite attempts by the U.S. government to encourage companies to build factories in the U.S. to protect against supply chain disruptions.
ByteDance Founder Makes Donation Amid Beijing’s Pressure on Tech Billionaires
The move comes after ByteDance founder Zhang Yiming last month announced his decision to step down as the company's CEO.
Database Startup Couchbase Files for IPO
The provider of "NoSQL" database software is looking to tap into growing demand for the products it sells as more companies run large-scale applications.
Uber Pays $1.4 Billion For Sole Ownership of Grocery Delivery Startup
For founders who are selling their startup, sometimes it pays to not sell all of it right away.
Banking Startup Revolut Seeks Capital at $20 Billion Valuation
The U.K. banking firm was valued at $5.5 billion last year.
Hewlett Packard Enterprise Acquires Startup Determined AI
Determined AI is part of an emerging market for tools that speed the development of machine learning models.
Endeavor Executives Resign From Live Nation Board Over Antitrust Concerns, DOJ Says
The rare announcement highlights risk from serving on competing boards.
Netflix Signs Deal With Spielberg’s Production Company
The agreement indicates how much has changed in Hollywood over the past few years.
Apple Becomes Latest Antitrust Target For Germany
Germany’s competition authority has announced a sweeping new antitrust investigation into Apple in the latest big tech investigations in the country.
Univision to Jump into Subscription Streaming Video Game
The company is the latest to announce plans to launch a free ad-supported service as well as an upcoming subscription offering.
China’s Full Truck Alliance Seeks to Raise $1.6 Billion in U.S. IPO
The move comes after another Chinese transportation startup, Didi Chuxing, filed for a U.S. IPO this month, underscoring interest in the country's sector.
Microsoft Plans China Expansion With New Data Centers
Although China comprises less than 2% of Microsoft’s annual revenue, it has made efforts to boost China business with censored versions of Bing and LinkedIn.
TSMC Leaves World Vulnerable to Chip Supply Shortages
The world's dependence on TSMC underscores how a conflict between Taiwan and mainland China could leave the world vulnerable to a chip shortage.
Credit Suisse Ends Business for SoftBank’s Son After Greensill Collapse
The move is part of Credit Suisse’s efforts to reduce risks after the collapse of SoftBank-backed Greensill Capital dealt a blow to the Swiss Bank.
Startup Fiddler AI Raises $32M for Machine Learning Efforts
The new round shows how investors see big potential in startups that help companies track the performance of machine learning models and how they work.
U.S. Technology Companies Honor Juneteenth With No Meetings, Guest Speakers
More businesses started to celebrate the holiday last year following national protests over racism and police violence.
Google’s Antitrust Woes Grow as EU Steps Up Ad Tech Probe
Google’s advertising business is under scrutiny on at least four continents.
Apple iPhone Glass Supplier May Raise $2 Billion in Hong Kong IPO
Biel Crystal’s planned IPO reflects how Chinese suppliers are willing to work with Apple for low margins to become attractive to investors and other customers.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy