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- The U.K. government invested $117,000 in the tech
- Autophage rockets may be used for launching small satellites
- The U.K. aims to secure 10% of the space industry by 2030
The U.K. government is investing in rockets that “eat themselves” up on the way to orbit as it scrambles to gain market share in the global space industry.
The ‘autophage’ rocket engine, developed by researchers from Ukraine and Glasgow University, Scotland, has received funding worth 90,000 pounds, or $117,000, from the Ministry of Defense’s innovation head-hunter Defense & Security Accelerator (DASA).
Autophage rockets, simply put, help to lift satellites into space by burning their own body as fuel. This tech produces enough energy to reach orbit in a smaller launch vehicle. It may help the U.K. claim a part of the global $2.8-billion small-satellite launch market, which at present is dominated by American companies Rocket Lab and SpaceX.
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- The U.S. government has reportedly imposed restrictions that require suppliers to get an export license to sell certain equipment to China’s biggest chipmaker SMIC.
- The move threatens to hit at the heart of China’s plans to boost its domestic semiconductor industry, a need that has been accelerated by the trade war with the U.S.
- SMIC is seen as a critical part of China’s ambitions and the commerce department’s sanctions could hold back the company’s development for several years.
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A close up image of a CPU socket and motherboard laying on the table.
GUANGZHOU, China — The U.S. government has reportedly imposed restrictions on exports to SMIC, China’s biggest chip manufacturer, a move that threatens Beijing’s push to become more self-reliant in one of the most critical areas of technology.
Suppliers for certain equipment to SMIC will need to apply for an export license, according
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The world’s biggest tech companies are clamoring for a larger piece of India’s booming internet space, but that increasingly seems to mean going through the country’s richest man, Mukesh Ambani.
Ambani’s Reliance Industries Ltd. is said to be offering to sell a stake of about $20 billion in its retail business to Amazon.com Inc., Bloomberg News reported last week. If Ambani succeeds in pulling off such a deal, it would mark another victory for the billionaire, who in recent months has secured $20 billion of investment in his digital unit from marquee names including Facebook Inc. and Google Inc.
The mere possibility of an Amazon investment reveals not only Ambani’s market clout, but also how India’s business climate is changing as Prime Minister Narendra Modi cranks up nationalist rhetoric while the nation hurtles toward the first annual economic contraction in 40 years. Having seen multiple regulatory roadblocks thrown in their
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Manchester’s technology sector has reshaped its offer as it stays focused on its goal of becoming one of the world’s recognised tech hubs despite the impact of Covid-19.
The pandemic has disrupted businesses of all types around the world, and this shake-up has also created opportunities for the inward investment team at MIDAS.
“Covid has only increased that to show that no industry is immune to disruption,” said Hannah Tracey, head of business development for creative, digital and tech at MIDAS.
<img class=”size-full wp-image-2066895″ src=”https://www.thebusinessdesk.com/_files/images/sep_20/Hannah-Tracey-MIDAS.jpg” alt=”” width=”200″ height=”200″ /> Hannah Tracey, MIDAS
“Manchester has been able to use that in its favour because we’re seeing real growth in areas such as fintech, health tech and industry 4.0, where there’s that real cross-section between more traditional industries and technology.
“For us, as the inward investment agency, it presents lots of opportunities for digital companies to see Manchester as a future location