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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          

OQ Technology raises 13 million euros for 5G IoT by satellite

OQ Technology has raised €13 million for spacebased Internet of Things 5G technology. The round was led by Waed Ventures and Phaistos Investment Fun

OQ Technology has raised €13 million for spacebased Internet of Things 5G technology. The round was led by Waed Ventures and Phaistos Investment Fund, a venture arm of Aramco a Saudi oil and gas company. OQ Technology is currently establishing two subsidiaries. One is in Athens, Greece and the other is in Al Khobar, Saudi Arabia. This follows an R&D lab in Luxembourg. Waed Ventures has invested in OQ Technologys Saudi Arabian subsidiary and its Greek subsidiary. The Saudi subsidiary will host the first and only satellite 5G network center of its kind in the Kingdom and the MENA region. It will also be one of the largest data centers and network operations for 5G satellite services in the Middle East. Read More..

B2B Tech News | 3 years ago          

Travelogix integrates Tres Technologies with an eye toward the US

British data and analytics company Travelogix has taken a major step forward in its plans to expand into North America. Founded by Lee Rosen, Tres Tec

British data and analytics company Travelogix has taken a major step forward in its plans to expand into North America. Founded by Lee Rosen, Tres Technologies provides CRM, administration, and management systems for travel agencies and consultants. The move provides North American TMCs and their clients with realtime data, analytics, and compelling service solutions through the UK companys products. Chris Lewis, founder, and CEO of Travelogix, said the partnership strengthens our progress in North America and allows our team to execute the plan we outlined at the beginning of the year. Read More..

B2B Tech News | 3 years ago          

Bounty seekers are drawn to open source projects by Google

Google has added a bug bounty program focused on its opensource projects. Confirmed bugs in the Go language or Fuchsia operating system will earn thei

Google has added a bug bounty program focused on its opensource projects. Confirmed bugs in the Go language or Fuchsia operating system will earn their discoverers between US$100 A$147 and US$31,337 a hattip to calculatorspeak for eleet. Other highprofile projects include the Bazel build system and Protocol Buffers used to serialize structured data. The program is aimed at vulnerabilities that lead to supply chain compromise, design issues resulting in product vulnerabilities, and other security issues such as sensitive or leaked credentials. There are three project stages covering flagship projects. 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          

Event organisers can issue NFTs linked to tickets thanks to Ticketmasters use of the Flow blockchain

Ticketmaster now allows event organizers to issue NFTs nonfungible tokens linked to tickets on Flow, a blockchainpowered by Dapper Labs backed by a16z

Ticketmaster now allows event organizers to issue NFTs nonfungible tokens linked to tickets on Flow, a blockchainpowered by Dapper Labs backed by a16z. The Flow blockchain is known for enabling experiences related to fantasy sports and gaming, such as NBA Top Shot. Ticketmaster is also extending its partnership with the NFL to all attendees of 100 select games, including at least three home games for all 32 teams. Ticketmaster has partnered with Dapper Labs, which raised $250 million at a $7.6 billion valuation last year, to distribute digital collectibles on the Flow blockchain. Flow is the creator of NBA Top Shot, an NFT marketplace for basketball fans to buy, sell, and trade cards of players. The company has launched similar marketplaces for UFC and NFL fans. Last year it also partnered with the Spanish soccer team Real Madrid to issue NFT. Read More..

B2B Tech News | 3 years ago          

How dated digitally Germany wants to keep up with technological advancements

Despite a healthy economy, Germany lags when it comes to bringing its industry and public sector into the digital age. A lack of investment and techno

Despite a healthy economy, Germany lags when it comes to bringing its industry and public sector into the digital age. A lack of investment and technology specialists as well as bureaucratic obstacles have hampered the digital transformation. Berlin plans to increase investment in areas such as software development or the production of microchips. The new federal government has presented its first national digital strategy. It aims to get rid of mobile dead zones and fast internet connections for all by 2025. By 2026, half of the German households are supposed to have access to fast fiber optic connections. It also plans to analyze traffic data to improve the countrys rail and road infrastructure. Read More..

B2B Tech News | 3 years ago          

Africa Sees a Rise in Drone Delivery as Jumia Teams Up With Zipline

Jumia Technologies has partnered with drone delivery startup Zipline to deliver household items to remote areas of Ghana. Jumia, an online marketplace

Jumia Technologies has partnered with drone delivery startup Zipline to deliver household items to remote areas of Ghana. Jumia, an online marketplace for vendors and food sellers, was the first Africafocused tech startup to list on the New York Stock Exchange in 2019. It has a current market capitalization of $741 million, according to Refinitiv data. Africafocused ecommerce firm Jumia Technologies has partnered with dronedelivery startup Zipline to deliver household items to remote areas of Ghana. The venture will combine San Franciscos automated, ondemand delivery system with Jupias distribution network. It aims to enable customers from remote and rural areas to order and receive electronics, cosmetics, fashion, and other products. After a successful pilot program in Ghana, the companies plan to expand into Ivory Coast and Nigeria. Read More..

B2B Tech News | 3 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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