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China's SMIC plans to acquire the remaining 49% stake in its SMNC unit for ~$5.8B, making the unit wholly owned, per a Shanghai Stock Exchange filing (Reuters)

Reuters : China's SMIC plans to acquire the remaining 49% stake in its SMNC unit for ~$5.8B, making the unit wholly owned, per a Shan...

6 May 2025

European drone startups Quantum Systems raised €160M, sources say at a €1B+ valuation, and Tekever hit a £1B+ valuation, as VCs pour money into European defense (Financial Times)

Financial Times:
European drone startups Quantum Systems raised €160M, sources say at a €1B+ valuation, and Tekever hit a £1B+ valuation, as VCs pour money into European defense  —  Quantum Systems and Tekever each valued at more than €1bn in latest fundraisings, as new investors flock to ‘dual use’ tech companies

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