The Stack

3 days ago | thestack.technology | Noah Bovenizer

US chip manufacturer Wolfspeed will file for bankruptcy protection as part of a restructuring agreement following months of speculation about how it could address its growing debt. The North Carolina-based silicon carbide (SiC) maker announced a range of agreements to reduce its $6.5 billion debts by 70%, or $4.6 billion, with new financing and loan deals built around plans to emerge from the process by Q3 2025.

3 days ago | thestack.technology | Noah Bovenizer

The UK government will turn around the country’s research and development environment with heavy public investment into the tech industry it claimed in a new Industrial Strategy, to mixed response. As part of the strategy, the sector-specific digital and technologies plan outlined a regional approach to investing in R&D for “frontier technologies”, semiconductors, AI and quantum among others.

6 days ago | thestack.technology | Noah Bovenizer

The UK Government’s leading AI advisor is stepping away from his role after six months of shaping the country’s policy, leaving many wondering how the country’s AI action plan will play out without its pivotal author. Matt Clifford announced he will be stepping down as the Prime Minister’s AI adviser for “purely personal reasons” at the end of July, but with no obvious successor it is unclear what the future of his plans will be.

6 days ago | thestack.technology | Noah Bovenizer

Satellite company Eutelsat has secured a €1.35 billion capital injection led by the French government as it continues to position itself as Europe’s sovereign answer to StarlinkThough already an investor, France will become the largest shareholder for the Paris-headquartered business after , supporting the expansion of Eutelsat’s Low Earth Orbit (LEO) network and its involvement in the EU’s €10 billion IRIS2 satellite broadband project.

6 days ago | thestack.technology | Joe Fay

A UK-based payments processor will pay $5m and be permanently banned from processing payments for tech-support telemarketers in a settlement with the Federal Trade Commission. The settlement following an FTC action which alleged that Paddle.com Market Limited, and its subsidiary, Paddle.com, Inc., “enabled deceptive foreign operators to access it, costing consumers millions of dollars.”Paddle specialises in payments for SaaS and digital product companies, operating as “a merchant of record”.