Finance

Reno Sub-Systems develops semiconductor manufacturing systems for nanoscale IC processes. These include RF matching networks, RF power generators and gas delivery systems.

Xilinx invests in a California-based start-up developing high performance programmable chip platforms.

Entrepreneur First, the London-based start-up seed investor, has secured £9.5m in funding and its backers include California-based venture capital firm Greylock Partners led by LinkedIn co-founder Reid Hoffman. Entrepreneur First (EF) was founded by Alice Bentinck and Matt Clifford in 2012, and it has helped seed over 120 technology companies. Most notably London-based artificial intelligence start-up, Magic Pony, which was bought ...

UK is proposing to enter the venture capital arena with the creation of a National Investment Fund which will target British start-ups. The hope is to create more UK-based unicorns, these are new firms valued over $1bn. But it is also a way of replacing European investment in UK start-ups. British businesses still rely heavily on funding from the European ...

UK defence specialist Ultra Electronics has announced a planned acquisition of US-based Sparton Corp in a deal worth $235m (£180m).

Electrocomponents, the parent company of distributor RS Components, has posted strong growth in both sales and profits in full-year results published this morning.

Samsung is rolling out its Samsung Pay mobile payments system in the UK, following the launch of the Galaxy S8 and S8+.

Imagination Technologies has agreed a deal to sell its SoC and software design business to UK-based design firm Sondrel. Design engineers employed in the IMGworks division will join with Sondrel’s existing engineering consultancy to create a combined IC design capability comprising more than 250 highly skilled employees. Imagination is in the middle of a major business overhaul following last month’s ...

Oxfordshire-based P2i, which develops liquid repellent materials used in smartphones, has received a £10m in venture funding from Clydesdale and Yorkshire Bank’s Growth Finance team. Liquid damage is the second most common type of phone damage, behind smashed screens. P2i develops water resistant nano-coating which are used to protect the electronic components in smartphones. The firm said it will use the investment to fund a period of forecasted ...

Guildford-based Lime Microsystems is to seek crowd funding to take software-defined radio (SDR) small cell and carrier-class base-stations to market. The campaign, dubbed LimeNET, will launch on 27th April on Crowd Supply. The products it intends to create are: LimeNET Mini (pictured), an app-enabled, small cell base station aimed at residential SDR applications such as IoT. LimeNET, a more-powerful version for carrier-class ...