A government-led buyout signals more uncertainty ahead for a chip industry grappling with oversupply and geopolitics. The state-backed Japan Investment Corp will take over JSR , which makes light-sensitive chemicals vital to manufacturing semiconductors, among other things. It will help Tokyo bolster its technology supply chains as the country looks to capitalise on jitters around Taiwan, home to many major chipmakers and suppliers.
The cl0p ransomware gang is claiming a new set of victims from its hack of the MOVEit file transfer protocol, taking credit on Tuesday for having stolen data from the University of California, Los Angeles, Siemens Energy , Abbvie Inc and Schneider Electric , among others.
EU countries and EU lawmakers on Tuesday agreed on rules that govern how Big Tech and other companies use European consumer and corporate data, with safeguards against non-EU governments gaining illegal access.
A record sell-off in Siemens Energy shares has laid bare a major loss of confidence by investors in the group's ability to fix its struggling wind turbine division, leaving them fearful of what else to expect down the road.