Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
U.S. Department of Commerce releases plan for $50 billion chips investments
(Reuters) - The U.S. Department of Commerce released its plan for implementing its $50 billion program to subsidize domestic chip manufacturing and expand research early on Tuesday. The CHIPS - Creati...
Sep 06, 2022
Russia’s VTB launches transfers in Chinese yuan bypassing SWIFT
MOSCOW (Reuters) - VTB said on Tuesday it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial t...
Sep 06, 2022
Footprint valuation drops 38% after amended SPAC deal
(Reuters) - Materials science technology company Footprint took a 38% cut to its valuation as part of an amended merger deal with a blank-check firm backed by billionaire Alec Gores, the companies sai...
Sep 06, 2022
SoftBank plans $35 million bet on India’s GoMechanic – sources
By M. Sriram MUMBAI (Reuters) - SoftBank Group is in talks to invest $35 million in Indian car service and repair firm GoMechanic, in what would be one of the Japanese investor's smallest bets in Indi...
Sep 06, 2022
Tech workers left hanging as Sea e-commerce arm Shopee rescinds job offers
By Chen Lin and Josh Ye SINGAPORE/HONG KONG (Reuters) - Southeast Asia's largest e-commerce firm Shopee has rescinded dozens of job offers in the past two weeks, sources said, a move that began shortl...
Sep 06, 2022
Biden administration to seek chip funding applications next year – NYT
(Reuters) - The United States Department of Commerce aims to begin soliciting applications for semiconductor chips funding from companies no later than February, Commerce Secretary Gina Raimondo said ...
Sep 06, 2022
Crypto firm 21.co raises $25 million to value it at $2 billion
(Reuters) - Crypto investment product firm 21.co, parent of 21Shares, said on Tuesday it had raised $25 million in a funding round led by Marshall Wallace that valued the company at $2 billion. "With ...
Sep 06, 2022
Analysis-Banned U.S. AI chips in high demand at Chinese state institutes
By Eduardo Baptista BEIJING (Reuters) - High-profile universities and state-run research institutes in China have been relying on a U.S. computing chip to power their artificial intelligence (AI) tech...
Sep 06, 2022
SK Hynix says to build new chip plant in South Korea
SEOUL (Reuters) - SK Hynix Inc, world's second-largest memory chip maker, said on Tuesday it is building a new chip plant in Cheongju, South Korea. (Reporting by Joyce Lee; Editing by Kim Coghill)
Sep 06, 2022
Cryptoverse: Bitcoin’s no longer the king of the swingers
By Lisa Pauline Mattackal (Reuters) - Bitcoin's been called a lot of things. Buzzy, beguiling, baffling, even bogus. But never boring. Yet, of late, it's been eerily subdued. The king of the swingers ...
Sep 06, 2022
