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  • Trending on the Ticker

  • Panasonic sells its unprofitable semiconductor unit to Taiwan-based Nuvoton Technology for $250M cash; the move is part of a broader plan for Panasonic to cut ~$920M of expenses by March 2022; Panasonic has sold off several other parts of its chip business to competitors or rolled them into a business it co-owns with Israel’s Tower Semiconductor - Link

  • Huawei is in talks to secure a $1.5B loan, according to Bloomberg sources; the company is holding discussions with lenders in China and overseas; the money will be used for regular corporate purposes and working capital; Huawei raised a separate $1.5B debt facility in July - Link

  • Jony Ive has left Apple; his exact departure date is unknown, but the company’s leadership page has been updated and his profile no longer appears; Ive’s departure was announced earlier this year; Ive has partnered with frequent collaborator Marc Newson to establish LoveFrom, a new design firm; LoveFrom will work with Apple on some projects - Link

  • Recently on This Week in Startups
    --Episode 1,003: The Athletic Co-Founder and CEO Alex Mather - Link
    --Episode 1,002: Wealthfront Co-Founder and CEO Andy Rachleff - Link
    --Episode 1,001: Eight Sleep Co-Founder and CEO Matteo Franceschetti - Link
    --Episode 1,000 Retrospective: Lon Harris, Brian Alvey, Tyler Crowley - Link
    --Episode 999: ROOM Co-Founder and CEO Brian Chen - Link

  • UK-based online grocery firm Ocado signs a strategic partnership with Japanese retailer Aeon; Ocado plans to establish a Japan-based fulfillment network built around automated warehouses; Ocado has licensed its robot tech to other grocery firms including Kroger in the US and Coles in Australia - Link