Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) saw orders for automotive electronics chips accelerating at a faster-than-expected pace, Digi Times reports. TSMC's advanced technology leadership will likely attract an influx of AI chip orders for autonomous driving from vendors including NVIDIA Corp (NASDAQ: NVDA), Qualcomm Inc (NASDAQ: QCOM), Intel Corp (NASDAQ: INTC), and Tesla Inc (NASDAQ: TSLA). TSMC commanded a more than 90% share of the 7/5nm foundry process segment. TSMC was also th Read More...
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Peter Thiel, Goldman, Citi invest in finance automation company Ramp
Ramp Business Corp. said Monday it raised $750 million from private investors in a deal that values the New York-based financial technology and finance automation company at $8.1 billion. Founders Fund, the investment firm backed by billionaire Peter Thiel, led the round, with participation from several existing investors including D1 Capital Partners, Thrive Capital, Redpoint Ventures, Coatue Management, Iconiq, Altimeter, Stripe, Lux Capital, Vista Public Strategies, Spark Capital, and Definit
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