Entrepreneur caught in the middle of the US-China Chip War

Entrepreneur caught in the middle of the US-China Chip War

Semiconductor whizz Gerald Yin left the United States and spent 18 years in China building what he said would be a worldwide powerhouse in chipmaking equipment. Now the American citizen’s life’s work has been thrown into limbo as US restrictions undermine the global industrial integration he celebrated. Mr. Yin’s company, Advanced Micro-Fabrication Equipment Inc., or … Read more

Foxconn plans to invest $170 million in EV truck maker Lordstown Motors

Foxconn plans to invest $170 million in EV truck maker Lordstown Motors

The two companies said Monday that Taipei-based Foxconn plans to spend $170 million to buy common stock and newly created preferred stock, giving Lordstown Motors a fresh injection of capital as it works to ramp up production of its debut model, the Endurance. In addition, Foxconn and Lordstown Motors said they would jointly develop their … Read more

Startups are looking to lay off techies

Startups are looking to lay off techies

Debt-laden with investor capital, tech startups plan to snap up software developers, engineers and marketers flooding the job market after job cuts at Twitter Inc., Lyft Inc. and other major tech employers. Kathy Zhu said she is fielding candidates for engineering, customer service and other roles at Streamline AI, the two-year-old tech startup she co-founded. … Read more

Startups are looking to lay off techies

Startups are looking to lay off techies

Debt-laden with investor capital, tech startups plan to snap up software developers, engineers and marketers flooding the job market after job cuts at Twitter Inc., Lyft Inc. and other major tech employers. Kathy Zhu said she is fielding candidates for engineering, customer service and other roles at Streamline AI, the two-year-old tech startup she co-founded. … Read more

Why Elon Musk’s quest to revive Twitter is likely to fail

Why Elon Musk’s quest to revive Twitter is likely to fail

Elon Musk treats Twitter like a startup. The thing about startups is that most of them fail. At Twitter, as is typical for tech startups, Mr. Musk made or promised to make a lot of changes quickly. This makes a lot of sense when a company is small and burning investors’ cash. Few technology operators … Read more

Why Elon Musk’s quest to revive Twitter is likely to fail

Why Elon Musk’s quest to revive Twitter is likely to fail

Elon Musk treats Twitter like a startup. The thing about startups is that most of them fail. At Twitter, as is typical for tech startups, Mr. Musk made or promised to make a lot of changes quickly. This makes a lot of sense when a company is small and burning investors’ cash. Few technology operators … Read more

Supply-Chain Tech Provider Project44 Delays Potential Public Offering

Supply-Chain Tech Provider Project44 Delays Potential Public Offering

Supply chain technology provider project44 has postponed plans for a possible public offering amid uncertainty in markets, and is instead turning to more venture capital investments to expand its company’s tracking of goods through global transportation networks. Chicago-based project44, one of a number of supply chain software startups that have drawn billions of dollars in … Read more

Lots of jobs still available on Main Street

Lots of jobs still available on Main Street

Nov. 3, 2022 at 8:35 ET Photo: Nam Y. Huh/Associated Press Demand for labor remains intense at American small businesses as owners continue to struggle to find willing and qualified applicants for their many open positions. This is according to the latest monthly employment survey from the National Federation of Independent Business, which will be … Read more

Silicon Valley’s share of startup offerings falls below 20% for the first time

Silicon Valley’s share of startup offerings falls below 20% for the first time

Resume subscription We are glad that you would like to resume your subscription. You will be charged $ + tax (if applicable) for The Wall Street Journal. You can change your billing preferences at any time in the customer center or by calling customer service. You will be notified in advance of any changes in … Read more

TuSimple Fires CEO Xiaodi Hou Amid Federal Investigations

TuSimple Fires CEO Xiaodi Hou Amid Federal Investigations

TuSimple Holdings Inc., tsp -45.17% a self-driving truck company, said Monday that it had fired its CEO and co-founder, Xiaodi Hou. The San Diego-based company said in a news release and securities filing that its board on Sunday had ousted Mr. Hou, who was also chairman of the board and chief technology officer. Sir. Hou … Read more