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The tech fund examines the potential rescue of Newport Wafer Fab

An investment fund has been formed to launch a rescue bid for Welsh chipmaker Newport Wafer Fab. It is reported to be in talks to raise £500 million

An investment fund has been formed to launch a rescue bid for Welsh chipmaker Newport Wafer Fab. It is reported to be in talks to raise £500 million about €590 million or US$590 million for use across multiple investments. The fund is also in contact with Ron Black, boss of chip design firm Codasip and former CEO of Imagination Technology. Black is understood to have £300 million of funding and has indicated he is interested in supporting NWF. Nexperias takeover of Newport Wafer Fab was the subject of a UK government inquiry into the state of the semiconductor industry in the UK and its ability to supply chips. The board of directors of NWF wrote to Business Secretary Kwasi Kwarteng seeking protection from the takeover, but the UK government declined to act at that time. Read More..

B2B Tech News | 3 years ago        

German pioneers in private label industry digitalization, 3B Private Label Portal, announce a new manufacturing option

3B Private Label Portal, a German tech startup in the private label industry, recently announced changes to its business model. The company aims to be

3B Private Label Portal, a German tech startup in the private label industry, recently announced changes to its business model. The company aims to be the global matchmaker for private labels, differentiating itself in two major ways highly filtered, qualified sales leads, and online marketing campaigns with a focus on search engine marketing. Qualifying leads are greatly aided by 3B PLPs onboarding specialists who gather information about a manufacturers certificates held, capacity, regions of operation, and other specifications. In 2019, 80% or more B2B buyers used search engines to source new suppliers. Of the 325 manufacturers interviewed at PLMAs World of Private Label, only 29% admitted to utilizing digital marketing. 3B PLP anticipates that the digital marketing aspect of its business model will provide manufacturers with a competitive edge. Read More..

B2B Tech News | 3 years ago        

Indonesia GoTo raises $1 billion in convertible bonds

GoTo, formed last year by the merger of ridehailingtopayments firm Gojek and ecommerce leader Tokopedia, surprised analysts when it raised $1.1 billio

GoTo, formed last year by the merger of ridehailingtopayments firm Gojek and ecommerce leader Tokopedia, surprised analysts when it raised $1.1 billion in an initial public offering IPO. The company is working with three financial advisors on the proposal, which is expected to launch in the fourth quarter. It is backed by SoftBank Group Corp, Alibaba Group and Singapore sovereign wealth fund GIC.The company plans to issue shares worth up to 118.4 billion shares worth around 10% of its capital through a private placement. Read More..

B2B Tech News | 3 years ago        

Brazilian groups demand more philanthropic collaborations with India

Leading Brazilian civil society organizations have called on policymakers, charities, and companies in India to invest in partnerships with its local

Leading Brazilian civil society organizations have called on policymakers, charities, and companies in India to invest in partnerships with its local and regional organizations. They urge prospective partners to take a closer look at the groundbreaking results achieved in Brazil that could benefit from Indias global leadership in technology and innovation. The open letter follows a generous grant to all the NGOs by US philanthropist MacKenzie Scott, which they hope will be a catalyst for others to work with Brazilian organizations. An open letter has been sent out by six Brazilian nongovernmental organizations NGOs asking for Indian partnerships to help them tackle some of the worlds most pressing issues. Brazil is the only country in the world on the Top 10 lists for both GDP and inequality. Its network of 820,000 civil society organizations is working on creative solutions to climate change, public health, and economic inequality. Read More..

B2B Tech News | 3 years ago        

The minister says that the savings plans in Germany have been achieved, gas will soon be cheaper

Germanys gas storage is almost 83% full. Germany has set itself the task of filling the gas storage level to 85% by October 1. Habeck also reiterated

Germanys gas storage is almost 83% full. Germany has set itself the task of filling the gas storage level to 85% by October 1. Habeck also reiterated that Germany will not allow the gas market to collapse in the same way as Lehman Brothers. Ukraines Zaporozhye nuclear power plant was captured by Russian forces in March but operated by Ukrainian agents. Russia and Ukraine are accused of bombing the area, increasing the risk of a radiation accident. The European Unions energy ministers will hold an emergency meeting on September 9, the Czech minister said. Read More..

B2B Tech News | 3 years ago        

Orchida Soft expands implementation of electronic invoicing in Egypt and Saudi Arabia

Orchida Soft CEO Mohamed Nayem said When we started in 1997, our goal was to help businesses transform into the digital world. We started with an indu

Orchida Soft CEO Mohamed Nayem said When we started in 1997, our goal was to help businesses transform into the digital world. We started with an industrial CAD system, developed our own ERP system and now focus on electronic invoicing. The company has a customer base of 200 companies, including CocaCola, Talabaat, Honda, Samsung, Audi, Mercedes, Toyota, Fiat, HSBC, and Danone. Orchida Soft is a digital solutions company with two offices in Egypt and Saudi Arabia. The company offers a range of integrated solutions that help companies in various sectors achieve digital transformation. Read More..

B2B Tech News | 3 years ago        

Technology Investment Boost

The government is discussing an impact law to encourage technology investment for small and mediumsized enterprises SMEs. These improvements support d

The government is discussing an impact law to encourage technology investment for small and mediumsized enterprises SMEs. These improvements support digital adoption by small businesses with annual revenues of less than $50 million. It offers a 20% tax credit bonus on eligible expenditure incurred to support digital operations and asset depreciation. Legal requirements, such as those under the Freedom of Information Act 1982, may affect the confidentiality of your submissions. Read More..

B2B Tech News | 3 years ago        

A startup in Japan is offering a free succession plan for senior executives

NGTG was founded by a group of bankers and consultants unfamiliar with the factory floor. The company grew from ¥0 to ¥8 billion $59 million by acqu

NGTG was founded by a group of bankers and consultants unfamiliar with the factory floor. The company grew from ¥0 to ¥8 billion $59 million by acquiring an existing manufacturer. NGTG aims to go public in 2024 and acquire a conglomerate the size of Toshiba. Losses for companies that do not have succession plans continue to hurt the economy. Small companies like Kyowa Seiko are the backbone of domestic manufacturers. NGTG is not the only answer to the problem, but it will provide a valuable incentive for leaders to take up the baton. Read More..

B2B Tech News | 3 years ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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