January 21. 2022

• Intel Corporation announced an investment of $20 billion on a chip manufacturing facility near Columbus, Ohio, that it hopes would become the world’s most significant silicon production plant. On a 1,000-acre property in New Albany, the chipmaker will start work on two production facilities, with the goal of having them operational by 2025.
• Vistas Media Acquisition Company Inc. (NASDAQ: VMAC) (“VMAC”), a blank check company, and Anghami Inc., the leading legal music streaming platform and digital distribution company in the Arab world, announced that VMAC’s shareholders confirmed its suggested business combination with Anghami. The Business Combination received almost 98 percent of the votes cast at the meeting.
• Cloud Development Resources (CDR), software development and IT solutions company, had been acquired by emids, a healthcare digital transformation leader. The company’s digital transformation and customer experience journey will be accelerated at an unprecedented rate due to this purchase.
• Sony Group (6758.T) is anticipated to recruit additional technology partners to its electric vehicle (EV) program, allowing it to create a mobility firm that would transform autos from transit vehicles to entertainment destinations.
• Foxconn, based in Taiwan, established a partnership with Indonesia’s Investment Ministry and other companies to help the Southeast Asian country develop electric cars, the latest in a long line of similar partnerships by the iPhone maker.
• Tiger Global led a $50 million round of fundraising for The Graph, a firm that compares itself to Google but collects content on blockchains. FinTech Collective, Fenbushi Capital, Reciprocal Ventures, and Blockwall Digital Assets Fund were other investors in the round.
• Apprentice, a firm that assists pharmaceutical companies in delivering medicines to patients more quickly, raised $100 million in a Series C round of funding. The fundraising round was headed by Alkeon Capital Management, Insight Partners, Silverton Partners, Pacific Western Bank, and Colorcon Ventures.
• Mastercard (NYSE:MA) launched Mastercard Track Fast Pay, an intelligent payment solution that enables instant payment of supplier invoices using machine learning and straight-through processing. Mastercard’s (MA) open-loop business-to-business network combined with Mastercard Track Company Payment Service helps expedite business payments.

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