Financial Times: After recent IPOs, Arm and Instacart fall by 20%+ from their highs; Arm closed at $52.91 on September 20, down 4% on its offer price, while Instacart was flat  —  Newly listed tech companies soared in their public debuts but have fallen quickly from those highs Lees verder op Tech Meme

Ana Swanson / New York Times: The Biden administration awards $238M via the Defense Department to set up eight chip research hubs, one of the earliest releases of the nearly $53B CHIPS Act  —  The $238 million in grants will set up eight research hubs, as a small slice of the federal money that will go to chip companies and research facilities in the coming months. Lees verder op Tech Meme

Jason Schreier / Bloomberg: Korean game publisher Krafton says Dead Space developer Striking Distance’s CEO Glen Schofield, COO, and CFO are leaving, months after its new game flopped  —  Video-game developer Striking Distance Studios, a subsidiary of Korean publisher Krafton Inc., is appointing new management several months … Lees verder op Tech Meme

Reuters: Japanese chipmaking equipment maker Kokusai Electric plans to raise ~$750M in an IPO on October 25 in Tokyo at a ~$2.95B valuation, pricing shares at ~$12.78  —  Chipmaking equipment maker Kokusai Electric said on Thursday it plans to list on the Tokyo Stock Exchange on Oct. 25 … Lees verder op Tech Meme