Venture
TSMC rides AI demand to raise revenue forecast, says no to US joint venture
TAIWAN’S TSMC, the world’s largest contract chipmaker, raised its full-year revenue forecast on Thursday (Jul 18) given surging demand for chips used in artificial intelligence, and rejected the idea...
Carlsberg to buy Britvic for US$4.2 billion and take over Marston’s joint venture
The new Carlsberg Britvic business will also strengthen the Danish group’s partnership with PepsiCoCarlsberg has agreed to buy British soft drinks maker Britvic for US$4.23 billion and buy out...
Singapore Airlines and Garuda Indonesia receive approval for joint venture
SINGAPORE Airlines (SIA) and Indonesian flag carrier Garuda Indonesia have received approval from the Competition and Consumer Commission of Singapore for a joint venture (JV) agreement.The two companies said...
AI deals lift US venture capital funding to highest level in two years, data shows
US VENTURE capital funding surged to US$55.6 billion in the second quarter, marking the highest quarterly total in two years, according to PitchBook data published on Wednesday (Jul 3).The...
SoftBank Group launches AI healthcare joint venture with Tempus AI
JAPANESE technology investor SoftBank Group has launched a joint venture with Tempus AI that aims to analyse personal medical data with artificial intelligence (AI) to come up with treatment...
Volkswagen invests US$5 billion in EV startup Rivian to form joint venture
VOLKSWAGEN (VW) will invest US$5 billion to form a joint venture with electric vehicle (EV) maker Rivian Automotive, throwing a lifeline to the struggling startup and giving the German...
UBS to sell partial stake of a joint venture to Beijing state asset manager
UBS is selling a partial stake in one of its securities joint ventures to Beijing State-owned Asset Management (BSAM), a key step for the Swiss bank as it consolidates...
Singtel-TM joint venture to develop data centres in Malaysia, enhance digital connectivity
SINGTEL’S regional data centre business, Nxera, is partnering Malaysia telco TM to develop data centres, starting with a data centre campus in Johor, the joint venture (JV) said on...
