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Apps

Samsung says it has quadrupled foldable device sales in 2021

By Maria Deutscher Dec 30, 2021

Samsung Electronics Co. Ltd. disclosed on Wednesday that it has sold four times as many foldable devices this year as in 2020. The momentum of Samsung’s foldable device business is a potentially encouraging sign…

Infra

Samsung and Micron memory fabs in Xi’an affected by COVID-19 lockdown

By Maria Deutscher Dec 30, 2021

Samsung Electronics Co. Ltd. and Micron Technology Inc. said on Wednesday that operations at their memory chip production facilities in Xi’an, China, have been affected by the COVID-19 lockdown in the city. Samsung is…

Infra

Intel completes major milestone in $9B sale of flash business to SK hynix

By Maria Deutscher Dec 30, 2021

Intel Corp. on Wednesday announced the first closing of the $9 billion sale of its flash business to SK hynix Inc., a leading memory chip manufacturer. The first closing completes one of the acquisition’s…

Blockchain

DeFi startup Umee raises $32M to prepare for mainnet launch

By Kyt Dotson Dec 30, 2021

Umee, a startup that develops decentralized finance tools that provide liquidity across blockchains, today announced that it has raised $32 million in additional funds during a token sale in preparation for its mainnet launch…

Emerging Tech

Elon Musk’s SpaceX gets $337.4M in new equity funding

By Mike Wheatley Dec 29, 2021

SpaceX Corp. disclosed in a regulatory filing today that it has raised $337.4 million in equity financing. The company, whose backers include Fidelity Investments and Google LLC parent firm Alphabet Inc., saw its value…

Emerging Tech

China launches five-year plan to become a hub of global robotics innovation

By Mike Wheatley Dec 29, 2021

China announced a five-year roadmap to achieve its goal of becoming a global robotics innovation hub by the year 2025. In the plan announced today, it said it aims to do this by focusing…

AI

China’s largest AI firm SenseTime raises $700M in Hong Kong IPO

By Mike Wheatley Dec 29, 2021

Chinese largest artificial intelligence firm SenseTime Group Inc. today it has raised about $700 million from its initial public offering on the Hong Kong Stock Exchange. SenseTime sold 1.5 billion of its shares priced at…

Cloud

Manufacturing marketplace startup Zetwerk raises $210M in funding

By Maria Deutscher Dec 29, 2021

Startup Zetwerk has raised $210 million in new funding less than six months after closing a previous $150 million investment at a $1.33 billion valuation. The new funding round was reported by Inc42 on…

Security

T-Mobile discloses data breach affecting ‘very small number’ of users

By Maria Deutscher Dec 29, 2021

T-Mobile US Inc. today disclosed that some of its customers have been targeted by hackers using a cyberattack tactic known as SIM swapping. The carrier also stated that the hackers may have gained access…

AI

TuSimple successfully tests autonomous truck on public roads without driver onboard

By Maria Deutscher Dec 29, 2021

Autonomous truck company TuSimple Holdings Inc. today announced that one of its vehicles has successfully traveled 80 miles on public roads without a human driver behind the wheel. The test represents a world first,…

all stories

Samsung says it has quadrupled foldable device sales in 2021

Samsung and Micron memory fabs in Xi’an affected by COVID-19 lockdown

Intel completes major milestone in $9B sale of flash business to SK hynix

DeFi startup Umee raises $32M to prepare for mainnet launch

Elon Musk’s SpaceX gets $337.4M in new equity funding

China launches five-year plan to become a hub of global robotics innovation

China’s largest AI firm SenseTime raises $700M in Hong Kong IPO

Manufacturing marketplace startup Zetwerk raises $210M in funding

T-Mobile discloses data breach affecting ‘very small number’ of users

TuSimple successfully tests autonomous truck on public roads without driver onboard

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