NATO backs UK startup building ultralight materials for rockets, fighter jets — and F1 cars

NATO’s Innovation Fund has co-led a $22.5mn (€21mn) investment into iCOMAT, a UK startup building ultralight composites for the aerospace, automotive, and defence sectors. NATO’s fund has a budget of…

Continue ReadingNATO backs UK startup building ultralight materials for rockets, fighter jets — and F1 cars

Dutch chip giant NXP plans $7.8B plant in Singapore amid tensions with China

Dutch semiconductor company NXP has teamed up with TSMC-backed Vanguard International Semiconductor (VIS) to build a $7.8bn (€7.2bn) chipmaking plant in Singapore. The new factory will make 300mm silicon wafers…

Continue ReadingDutch chip giant NXP plans $7.8B plant in Singapore amid tensions with China

Europe’s ‘unprecedented’ space crisis to end on July 9 with Ariane 6 launch

Europe’s space sector is set to end an “unprecedented crisis” on July 9 when the Ariane 6 satellite launcher flies for the first time. The journey would finally restore the…

Continue ReadingEurope’s ‘unprecedented’ space crisis to end on July 9 with Ariane 6 launch

Sports tech startup targets ‘100% AI automation’ in streaming and analytics

A Swedish startup plans to bring automated sports streaming to the masses after raising $20mn to enhance its AI camera system. The Malmö-based Spiideo produces a suite of tools for…

Continue ReadingSports tech startup targets ‘100% AI automation’ in streaming and analytics