Friday, March 10, 2023

Sources: SVB Financial, parent of Silicon Valley Bank, is in talks to sell itself after attempts to raise capital failed (Jesse Pound/CNBC)

Jesse Pound / CNBC:
Sources: SVB Financial, parent of Silicon Valley Bank, is in talks to sell itself after attempts to raise capital failed  —  SVB Financial , parent of Silicon Valley Bank, is in talks to sell itself, sources told CNBC's David Faber.  Attempts by the bank to raise capital have failed …



The Netherlands, like ASML, is trying to find a middle ground between the US and China on chip sanctions, with recent plans stopping short of Biden's 2022 rules (Cagan Koc/Bloomberg)

Cagan Koc / Bloomberg:
The Netherlands, like ASML, is trying to find a middle ground between the US and China on chip sanctions, with recent plans stopping short of Biden's 2022 rules  —  The Dutch are trying to find a middle ground between the US and China in an escalating battle over the world's chip supply chain.



Sources: after lobbying by Apple, Foxconn, and others, India's Karnataka state will allow two-shift production and 12-hour shifts, similar to practices in China (Financial Times)

Financial Times:
Sources: after lobbying by Apple, Foxconn, and others, India's Karnataka state will allow two-shift production and 12-hour shifts, similar to practices in China  —  Lobbying in Karnataka leads to landmark legislation that anticipates iPhone production in southern state



Email: VC firm Greenoaks warned founders of potential problems at SVB in November 2022; a source says over 12 portfolio companies withdrew ~$1B in recent months (Lizette Chapman/Bloomberg)

Lizette Chapman / Bloomberg:
Email: VC firm Greenoaks warned founders of potential problems at SVB in November 2022; a source says over 12 portfolio companies withdrew ~$1B in recent months  —  Venture investment firm Greenoaks Capital Partners warned its startup founders of potential problems at SVB Financial Group's Silicon Valley Bank …



Bitcoin falls ~8% to ~$19,900, a near two-month low, and ether falls 8%+ to ~$1,400, after a selloff of US stocks, rising interest rates, and troubles at SVB (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC:
Bitcoin falls ~8% to ~$19,900, a near two-month low, and ether falls 8%+ to ~$1,400, after a selloff of US stocks, rising interest rates, and troubles at SVB  —  - Bitcoin fell below $20,000 on Friday hitting a near-two month low after a stock market sell-off in the U.S.



Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...