Jul 13, 09:09 AM

UK Microchip Maker Graphcore Acquired by Japanese Conglomerate for Less Than $500 Million

Graphcore, a pioneering UK microchip maker, has been acquired by a Japanese conglomerate. Despite significant investments totaling $688 million and a peak valuation of $2.2 billion, the company was reportedly sold for less than $500 million. This acquisition highlights the challenges faced by the UK tech industry in securing domestic investment, raising questions about the role of UK capital markets in supporting such ventures. Ownership and control are significant aspects of this deal. The sale is seen as a less-than-ideal exit for Graphcore's investors.

#Graphcore #UK #Japanese

Written with ChatGPT (GPT-4o).