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UK's Graphcore Mulls Sale to Foreign Buyer, Telegraph Says.
- Source :
- Bloomberg.com; 2/17/2024, p1-1, 1p
- Publication Year :
- 2024
-
Abstract
- Graphcore Ltd., a UK microchip maker, is reportedly considering a sale to foreign buyers due to its inability to capitalize on the artificial intelligence boom. The company, based in Bristol, has been in talks with major technology companies to secure funding to cover its increasing losses. Some investors have already increased the value of their stakes in anticipation of a deal worth over $500 million. However, any sale to foreign investors would need to undergo a review by national security officials. [Extracted from the article]
- Subjects :
- TELEGRAPH & telegraphy
INVESTORS
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 175551970