TSMC reports gas contamination at its most advanced chip making facility

On Friday, Apple Inc’s chip supplier Taiwan Semiconductor Manufacturing Co said, a few of its production lines in southern Taiwan have been hit by a contamination of gases that are used in the chipmaking process. The incident is unlikely to significant impact its operations, said TSMC. In a report, Japanese news agency Nikkei reported, TSMC’s most advanced…

Venture capitalists repose confidence on London-based fintechs, despite Brexit and COVID-19

London-based fintech companies have increased their funding from venture capital investors in the first six months of this year compared to any year in the past signaling the British capital’s resilience as a fintech hub post-Brexit. nvestors have sunk $5.3 billion into London fintech startups in the first half of 2021. compared to $2.1 billion…

Cyberattack results in partial outage of Brazilian medical lab Fleury SA

In a regulatory filing, Brazilian medical lab company Fleury SA said, a cyberattack had resulted in the partial outage of its information technology systems. The company is assessing the impact of the cyberattack and is taking actions to minimize its effects. It would inform the market in a timely manner regarding any relevant updates on the…

Israeli cybersecurity startup Axonius raises $100M in latest funding round, valuing it at $1.2 billion

In a statement cybersecurity startup Axonius said, it has raised $100 million through a private funding round which was led by New York-based growth equity firm Stripes; the funding round valued the startup at $1.2 billion. The funding round, which came less than a year after Axonius’ last raise saw the startup’s total funding touch…

U.S. Senate Select Committee on Intelligence told SolarWind hack affected 60 Microsoft customers

During a U.S. Senate Select Committee on Intelligence, Microsoft Corp’s president Brad Smith stated, the company has notified 60 customers that their data was most likely compromised by hackers during a hacking campaign revolving around Texas-based software firm SolarWinds Corp. In prepared remarks, Smith told members of the U.S. Senate Select Committee on Intelligence that…

Chip shortage likely to impact nearly 1M vehicle production during Q1: IHS Markit

In a significant development, data firm IHS Markit stated, the shortage of chips in the auto semiconductor sector is likely to impact around 1 million units of global light vehicle production during the first quarter. The announcement sees a major jump from its previous forecast. On February 3, in a report HIS Markit had stated,…

TSMS helps Washington overcome auto chip shortage

On Friday, the United States thanked Taiwan for helping to resolve an auto chip shortage that impacted production. Both countries reportedly did not discuss prioritising production of making these chips, said Taiwan Economy Minister Wang Mei-hua after a high-level meeting. Car factories across the globe have been significantly affected and have been forced to shutter…

Britain’s IG plans to acquire U.S. trading platform tastytrade for $1 billion

In a statement on Thursday, Britain’s IG said, it plans to acquire tastytrade, a U.S. trading platform, for $1 billion. The development will see IG venturing into North America following a stellar year for the new breed of retail investment brokerages. The Coronavirus induced COVID-19 pandemic which brought lockdown in most countries increased market volatility…