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Quantum photonics startup Nu Quantum raises £2.1M from Amadeus Capital Partners

Quantum photonics startup Nu Quantum raises £2.1M from Amadeus Capital Partners For Quantum cryptography and simulation to become real, the technology requires high-performance light-emitting and light-detecting components that operate at the single-photon level and at ambient temperature. One of the few companies operating in this rarified arena is Nu Quantum, the quantum […]

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Silverlake adds a $2 billion “longterm” hedge fund backed by Abu Dhabi to its tech finance toolkit

Silverlake adds a billion “longterm” hedge fund backed by Abu Dhabi to its tech finance toolkit Silver Lake Partners, the multi-billion dollar tech-focused investment firm, is adding a longterm hedge fund backed by Abu Dhabi’s sovereign wealth fund, Mubadala, to its array of investment vehicles to finance technology companies. The move into […]

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China Roundup: Huawei targets cars, ByteDance enters Tencent’s backyard

China Roundup: Huawei targets cars, ByteDance enters Tencent’s backyard Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, we have several heavy-hitting rumors swirling around, from Huawei’s chips for […]

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China’s BYD nabs $113M to produce IGBTs, the ‘CPU of electric cars’

China’s BYD nabs 3M to produce IGBTs, the ‘CPU of electric cars’ BYD Co., the Chinese auto giant backed by Warren Buffett, is rushing to make China self-sufficient in the production of electric vehicles. On Monday, the firm said in a filing it has secured 800 million yuan ($113 million) in a Series […]

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China Roundup: Alibaba to add 5,000 staff to cloud unit

China Roundup: Alibaba to add 5,000 staff to cloud unit Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, we have updates from Alibaba’s rapidly growing cloud computing unit, […]

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UK government reverses course on Huawei’s involvement in 5G networks

UK government reverses course on Huawei’s involvement in 5G networks Conservative members of the United Kingdom’s government have pushed Prime Minister Boris Johnson to draw up plans to remove telecom equipment made by the Chinese manufacturer Huawei from the nation’s 5G networks by 2023, according to multiple reports. The decision by Johnson, […]

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Huawei admits uncertainty following new US chip curbs

Huawei admits uncertainty following new US chip curbs Following the U.S. government’s announcement that would further thwart Huawei’s chip-making capability, the Chinese telecoms equipment giant condemned the new ruling for being “arbitrary and pernicious.” “Huawei categorically opposes the amendments made by the U.S. Department of Commerce to its foreign direct product rule […]

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SoftBank expects $24 billion in losses from Vision Fund, WeWork, and OneWeb investments

SoftBank expects billion in losses from Vision Fund, WeWork, and OneWeb investments The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments made through its Vision Fund and bets on the co-working real estate company, WeWork, and satellite telecommunications company, OneWeb. Ultimately, the company expects the […]

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Cisco acquires ultra-low latency networking specialist Exablaze

Cisco acquires ultra-low latency networking specialist Exablaze Cisco today announced that it has acquired Exablaze, an Australia-based company that designs and builds advanced networking gear based on field programmable gate arrays (FPGAs). The company focuses on solutions for businesses that need ultra-low latency networking, with a special emphasis on high-frequency trading. Cisco […]

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VoltServer adds a data layer to electricity distribution in a move that could help smart grid rollout

VoltServer adds a data layer to electricity distribution in a move that could help smart grid rollout Stephen Eaves, the chief executive of a new startup which promises to overlay data on electricity distribution has spent years developing data management technologies. Eaves’ first company, the eponymous Eaves Devices focused on energy systems […]

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