France is set to welcome a new semiconductor production site on its soil as it continues the drive to position itself on the global market amid growing shortages, though it is still unclear where funding for the new plant is coming from. The manufacturing facility, located next to STMicroelectronics’ existing plant in Crolles, near Grenoble,… Continue reading World NM: France welcomes new chips production site in bid to become global player001789
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S Korea’s KVIC commits $23m to AC Ventures, Gobi Partners, Highlight CapitalThe funds of AC Ventures and Gobi Partners will receive $6.5m each.
South Korean government-backed fund-of-funds manager Korea Venture Investment Corporation (KVIC) has approved a capital commitment of $23 million for three funds in Asia, according to a disclosure. KVIC committed $6.5 million each to the vehicles of Jakarta-based early-stage investor AC Ventures, pan-Asian venture capital firm Gobi Partners and $10 million to China-based healthcare-focused investment firm… Continue reading S Korea’s KVIC commits $23m to AC Ventures, Gobi Partners, Highlight CapitalThe funds of AC Ventures and Gobi Partners will receive $6.5m each.
Australian BNPL player Zip drops plans of acquiring US rival Sezzle
Australian buy-now-pay-later (BNPL) firm Zip Co Ltd dropped its plan to buy out US rival Sezzle Inc, the companies said on Tuesday, adding to the list of fallen deals as rising interest rates hurt consumer finance firms. As part of terminating the deal, which is effective immediately, Sezzle would receive $11 million from Zip, the… Continue reading Australian BNPL player Zip drops plans of acquiring US rival Sezzle
Billionaire investor Bill Ackman to wind up SPAC, return $4b to investors
Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable target company to take it public through a merger. The development is a major setback for the prominent hedge fund manager who had initially… Continue reading Billionaire investor Bill Ackman to wind up SPAC, return $4b to investors
Temasek’s push for a net-zero portfolio
With at least 50 investments in startups across Asia, the US, Europe, and Australia, Temasek Holdings has continued to be one of the most active state investors, amid a year of market volatility and broad economic uncertainty. While the cheque sizes and investment stages that the Singapore state investor participated in varied, it appears to… Continue reading Temasek’s push for a net-zero portfolio
Vietnamese e-commerce firm Sendo raises $57m via convertible loans since 2020
Vietnam-based e-commerce firm Sendo has raised about $56.7 million through convertible loans since 2020, per its latest financial statements reviewed by DealStreetAsia. In 2021, the company issued two tranches of convertible notes to investors including Econtext Asia Limited — a subsidiary of the Japanese payments and e-commerce solutions firm Digital Garage Group — SBI Holdings’… Continue reading Vietnamese e-commerce firm Sendo raises $57m via convertible loans since 2020
Cummins Elects Gary Belske to its Board of Directors
COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced the election of Gary Belske to its Board of Directors. “I am thrilled to add Gary to our Board of Directors,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “Gary will enhance the strength of our board with his leadership experience, knowledge of a broad range of… Continue reading Cummins Elects Gary Belske to its Board of Directors
This remote keyfob hack may leave the past decade of Hondas vulnerable
Security researchers and The Drive’s Rob Stumpf have recently posted videos of themselves unlocking and remotely starting several Honda vehicles using handheld radios, despite the company’s insistence that the cars have security protections meant to stop attackers from doing that very thing. According to the researchers, this hack is made possible because of a vulnerability… Continue reading This remote keyfob hack may leave the past decade of Hondas vulnerable
Parcel Perform announces the strategic relaunch of Parcel Monitor to strengthen the growing global E-commerce logistics community
At the core of the relaunch is a rebranding and migration to a new technology platform. The new platform will serve as the foundation for Parcel Monitor to develop more robust features, derive high-quality data insights and scale its community growth. Consumers will be able to track their E-commerce orders intuitively and provide feedback about… Continue reading Parcel Perform announces the strategic relaunch of Parcel Monitor to strengthen the growing global E-commerce logistics community
Red Rock Resorts Announces Second Quarter 2022 Conference Call and Earnings Release Date
LAS VEGAS, July 11, 2022 /PRNewswire/ — Red Rock Resorts, Inc. (“Red Rock Resorts”, “we” or the “Company”) (NASDAQ: RRR) announced today that it will release the Company’s financial results for the second quarter 2022 on Tuesday, August 9, 2022 and will hold a conference call on the same day at 4:30 p.m. ET (1:30… Continue reading Red Rock Resorts Announces Second Quarter 2022 Conference Call and Earnings Release Date