Not every SPAC is pure garbage
Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter for your weekend enjoyment. Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that a.....»»
Highlights of the day: Chip vendors funding expansions at pure-play foundries
Pure-play foundry houses are requiring fabless chip vendors to prepay for the capacity bookings or to co-fund their capacity expansion projects. One of such cases is Qualcomm striking a six-year deal UMC in order to secure foundry support. Supply in.....»»
Lordstown Motors slashes production forecast for its electric pickup
Lordstown Motors’ cash-rich SPAC dreams have turned out to be nothin’ more than wishes. The automaker reported Monday a disappointing first-quarter earnings that was a pile-up of red ink-stained negativity. Lowlights include higher-than-e.....»»
Extra Crunch roundup: Jam City SPAC, startup PR, telemedicine market map, more
Full disclosure: the second time I worked at a startup founded by Mark Pincus, his dog Zinga slept behind my desk and I was one of her favorite dog-sitters. For this morning’s edition of The Exchange, Alex Wilhelm studied information.....»»
GM-backed Wejo is in SPAC merger talks with Virtuoso
Virtuoso is seeking to raise new equity to support a transaction with a combined enterprise value of more than $1 billion......»»
As Zynga impresses, rival mobile-gaming shop Jam City looks to list via SPAC
This morning, we're looking at the Jam City deal to merge with DPCM Capital. Jam City is a bit like Zynga, but unless you are a mobile-gaming aficionado, you might not have heard of it. While it would be nice to write about something other.....»»
What is catnip and is it safe for my cat?
There are many valid theories to explain the global appeal of cats, including our obsession with watching videos of them online. In terms of cats' pure entertainment value, however, our fascination is probably attributable to their seemingly endless.....»»
Taiwan top-3 foundries to see combined revenue hit another record high
Combined revenue of Taiwan's top-3 pure-play foundries are expected to grow 2% sequentially to US$15.19 billion in the second quarter of 2021, according to Digitimes Research......»»
UMC gains commitments from major clients for long-term demand
Pure-play foundry United Microelectronics (UMC) has received commitments from eight of its customers for capacity demand for a six-year period, according to industry sources......»»
Foundries to enjoy gross margin growth
Taiwan-based pure-play foundries are expected to enjoy gross margin increases sequentially through the fourth quarter of this year, buoyed by rising wafer ASPs, according to industry sources......»»
Industrial automation startup Bright Machines hauls in $435M by going public via SPAC
After the transaction is consummated, the startup will sport an anticipated equity valuation of $1.6 billion. Bright Machines is going public via a SPAC-led combination, it announced this morning. The transaction will see the 3-year-old com.....»»
The Station: Exits at Waymo and Bird’s SPAC reveals its scooter-nomics
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways pe.....»»
AT&T confirms deal to combine its WarnerMedia subsidiary with Discovery Inc in ‘pure play’ $43B deal
Another major telco in the US is making a big move away from being a full player in media services, and specifically content creation. Today AT&T said that it is combining its WarnerMedia division with Discovery Inc. The deal is being structured as a.....»»
SMIC expects 17-19% revenue increase in 2Q21
China-based pure-play foundry Semiconductor Manufacturing International (SMIC) expects to post a revenue increase of 17-19% sequentially in the second quarter of 2021, with gross margin ranging from 25% to 27%......»»
Bird’s SPAC filing shows scooter-nomics just don’t fly
What drove the company's hugely unprofitable revenues and resulting net losses? Unit economics that were nearly comically destructive. Scooter unicorn Bird is going public, per an agreement to merge with a special purpose acquisition compan.....»»
Bird to go public via SPAC, at an implied value of $2.3B
Bird, the shared electric scooter startup that operates in more than 200 cities across three continents, said Wednesday it is going public by merging with special purpose acquisition company Switchback II with an implied valuation of $2.3 billion. Th.....»»
Bird’s SPAC filing shows scooter-nomics just doesn’t fly
What drove the company's hugely unprofitable revenues and resulting net losses? Unit economics that were nearly comically destructive. Scooter unicorn Bird is going public, per an agreement to merge with a special purpose acquisition compan.....»»
Bird Rides to go public via SPAC, at an implied value of $2.3B
Bird Rides, the shared electric scooter startup that operates in more than 100 cities across 3 continents, said Wednesday it is going public by merging with special purpose acquisition company Switchback II with an implied valuation of $2.3 billion......»»
Understanding the media company SPAC push
SPACs are desperate and asset prices are high as media recovers some and digital ad sales spike. SPAC now or forever hold your peace. Sorry for all the SPAC coverage today, but a host of richly valued private companies that have an ocean o.....»»
Digging into digital mortgage lender Better.com’s huge SPAC
We'll have to wait to see how public investors value the company once it begins to float later this year. But as far as unicorn SPAC deals go, there have been worse ones that we've viewed. Better.com, a venture-backed digital mortgage lende.....»»
Bird reportedly prepares to go public via SPAC, aims for 2023 profitability
Micromobility startups are following the lead of EV companies going public via mergers with special purpose acquisition companies, a financial instrument that came back en vogue in 2020. Bird Rides, the California-born micromobility company that now.....»»