3º Hardware, Chips, Telco, Quantum computing, IoT Space & Industrial - 1st April


  • How and When the Chip Shortage Will End: Fabs using older process nodes will be key to ending the chip shortage. IEEE
  • South Korea has passed its own Chips Act: Like the US equivalent, it’s designed to boost the country's native chip industry. Bloomberg
  • Huawei announces tools for designing chips as advanced as 14nm, about four generations behind the latest available, to help Chinese companies replace US tech (Bloomberg)
  • SEMI forecasts South Korea will increase its spending on advanced chipmaking equipment by 41.5% YoY to $21B in 2024, versus China's 2% YoY increase to $16.6B (Sam Kim / Bloomberg)

Startups raising funds

  • Huupe, an Irvine, Calif.-based maker of smart basketball hoops, raised $11m from Protagonist VC, Marvan Ventures, TRI Investments, Kawn VC, Genesis Ventures and Reform Ventures. Link
  • Mixergy, a British maker of smart water tanks, raised £9.2m from EDP Ventures, Nesta and insiders Oxford Science Enterprises, Kiko Ventures, Foresight WAE Technology and Centrica. Link
  • IsarAerospace, a Munich-based rocket launch startup, raised €155m in Series C funding from 7-Industries Holding, Bayern Kapital, Earlybird VC, HV Capital, Lakestar, Lombard Odier Investment Managers, Porsche SE, UVC Partners and Vsquared Ventures. Link

M&A and Private equity deals

  • Northvolt, a Swedish maker of lithium-ion batteries, is in talks to raise up to $5b in new funding, per the FT. Last year it raised $1.1b in convertible note funding from such backers as Baillie Gifford, Goldman Sachs, OMERS and Volkswagen. Link
  • CVC Capital Partners, I Squared Capital, Stonepeak Partners and Mitsui & Co. have been shortlisted for a stake in Edotco Group, the wireless tower unit of Malaysia’s Axiata Group, per Bloomberg. The deal could fetch up to $750m. Link
  • EQT is in advanced talks for a majority stake in the infrastructure business of Italian telecom operator Wind Tre, a unit of CK Hutchison Holdings (HK: 0001). Link
  • Zound Industries, a Swedish headphones and sound systems company backed by Zenith Venture Capital, agreed to buy Marshall, the British maker of guitar amplifiers. Link

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