/ The company has committed to mass production of 1.4-nanometer transistors by 2027 Samsung reminds us all that it still makes chips in recent announcement.Image: Samsung Samsung has announced a five-year plan to expand its production capacity for advanced chips by 2027. The timeline could help the company regain ground from semiconductor giant TSMC. In… Continue reading Samsung unveils ambitious five-year plan to manufacture advanced chips
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Zipline’s drones to deliver medicine in Salt Lake City area
Zipline, a drone delivery and logistics company that got its start delivering medical supplies in Africa, has started dropping prescriptions and over-the-counter medications to homes in the Salt Lake City, Utah area. In a partnership with Intermountain Healthcare, a healthcare company that services the Intermountain Region of the United States, Zipline will deploy an initial… Continue reading Zipline’s drones to deliver medicine in Salt Lake City area
Sixt to buy 100,000 electric vehicles from China’s BYD
Car rental company Sixt said Tuesday it intends to purchase more than 100,000 electric vehicles from Chinese automaker BYD for its European fleet between now and 2028. Sixt has initially only committed to buying “several thousand” EVs, the first of which will be delivered this year, the company said in a statement. Sixt said it… Continue reading Sixt to buy 100,000 electric vehicles from China’s BYD
Neil deGrasse Tyson Reveals What He Really Thinks of Elon Musk
“He dreams big. And I don’t think all of his dreams are realistic, but that doesn’t matter…” Edison Adjacent Famed astrophysicist Neil deGrasse Tyson weighed in on SpaceX and Tesla Elon Musk over the weekend — but we’re not entirely convinced by his choice of words. “Elon Musk is like a modern day Thomas Edison, right?”… Continue reading Neil deGrasse Tyson Reveals What He Really Thinks of Elon Musk
India: Edelweiss Alternatives raises $425m for third special situations fundThe fund is targeting to raise $1b, with a green shoe option of $500m.
Edelweiss Alternative Asset Advisors (EAAA), an alternative asset management platform, Tuesday said it has raised $425 million (Rs3,400 crore) for its third Special Situations Fund (ISAF III). The fund got commitments from leading global institutional investors, including large insurance companies and pension funds as well as HNIs and family offices from India, the fund manager… Continue reading India: Edelweiss Alternatives raises $425m for third special situations fundThe fund is targeting to raise $1b, with a green shoe option of $500m.
Thai food producer Betagro to raise $464m in country’s second-largest IPO this year
Thai food company Betagro Pcl said in a stock exchange filing on Tuesday that it plans to raise at least 17.4 billion baht ($463.38 million) in an initial public offering (IPO) later this month. The IPO would be Thailand’s second-largest offering this year after Thai Life Insurance Pcl raised nearly $1 billion in July. But it comes… Continue reading Thai food producer Betagro to raise $464m in country’s second-largest IPO this year
Indonesian payments unicorn Xendit lays off 5% of Indonesia, Philippines staff
Indonesian digital payments unicorn Xendit is laying off 5% of its staff in Indonesia and the Philippines. In a statement on Tuesday, the firm cited “uncertain macroeconomic conditions” for the retrenchment. Tessa Wijaya, Xendit’s chief operating officer, said the company undertook comprehensive considerations before announcing the layoffs. “It is a difficult decision, but we need… Continue reading Indonesian payments unicorn Xendit lays off 5% of Indonesia, Philippines staff
Google’s new wired Nest Doorbell is nothing new
/ The replacement for the excellent Hello doorbell is almost an exact replica of the battery-powered Nest Doorbell, only with wires and 24/7 recording. But those two features could make a big difference. The Google Nest Doorbell (wired, 2nd gen) comes in four colors.Image: Google Nest Google has finally released its long-awaited successor to the… Continue reading Google’s new wired Nest Doorbell is nothing new
Thailand’s T&B Media Global partners with Sygnum to raise $300m for metaverse platformT&B Media Global is part of the CP Group, which is owned by Thai…
The Thai media and entertainment group T&B Media Global is looking to raise over $300 million for its new “interconnected metaverse platform”. The fundraising, which will be through a hybrid equity-NFT (non-fungible token) fund structure, will be organised in partnership with Sygnum, a Singapore- and Switzerland-based digital asset bank, according to a statement on Tuesday.… Continue reading Thailand’s T&B Media Global partners with Sygnum to raise $300m for metaverse platformT&B Media Global is part of the CP Group, which is owned by Thai…
SE Asia leads private capital exits in Asia in H1, surpassing China for the first time
In the first half of 2022, Southeast Asia overtook China for the first time in the value of private capital exits, according to data shared by Global Private Capital Association (GPCA). Exits from Southeast Asia in January-June 2022 surged 736% YoY to $13.7 billion, while it fell 70% YoY to $10.5 billion in China, the… Continue reading SE Asia leads private capital exits in Asia in H1, surpassing China for the first time