3º Hardware, Chips, Telco, Quantum computing, IoT Space & Industrial - 1st April
News:
- How and When the Chip Shortage Will End: Fabs using older process nodes will be key to ending the chip shortage. IEEE
- South Korea has passed its own Chips Act: Like the US equivalent, it’s designed to boost the country's native chip industry. Bloomberg
- Huawei announces tools for designing chips as advanced as 14nm, about four generations behind the latest available, to help Chinese companies replace US tech (Bloomberg)
- SEMI forecasts South Korea will increase its spending on advanced chipmaking equipment by 41.5% YoY to $21B in 2024, versus China's 2% YoY increase to $16.6B (Sam Kim / Bloomberg)
Startups raising funds
- Huupe, an Irvine, Calif.-based maker of smart basketball hoops, raised $11m from Protagonist VC, Marvan Ventures, TRI Investments, Kawn VC, Genesis Ventures and Reform Ventures. Link
- Mixergy, a British maker of smart water tanks, raised £9.2m from EDP Ventures, Nesta and insiders Oxford Science Enterprises, Kiko Ventures, Foresight WAE Technology and Centrica. Link
- IsarAerospace, a Munich-based rocket launch startup, raised €155m in Series C funding from 7-Industries Holding, Bayern Kapital, Earlybird VC, HV Capital, Lakestar, Lombard Odier Investment Managers, Porsche SE, UVC Partners and Vsquared Ventures. Link
M&A and Private equity deals
- Northvolt, a Swedish maker of lithium-ion batteries, is in talks to raise up to $5b in new funding, per the FT. Last year it raised $1.1b in convertible note funding from such backers as Baillie Gifford, Goldman Sachs, OMERS and Volkswagen. Link
- CVC Capital Partners, I Squared Capital, Stonepeak Partners and Mitsui & Co. have been shortlisted for a stake in Edotco Group, the wireless tower unit of Malaysia’s Axiata Group, per Bloomberg. The deal could fetch up to $750m. Link
- EQT is in advanced talks for a majority stake in the infrastructure business of Italian telecom operator Wind Tre, a unit of CK Hutchison Holdings (HK: 0001). Link
- Zound Industries, a Swedish headphones and sound systems company backed by Zenith Venture Capital, agreed to buy Marshall, the British maker of guitar amplifiers. Link
Read the news of digital businesses by email each day at www.multiversial.es