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Rapidus falls behind schedule for March 2028 chip production

Japan's government-backed chip startup Rapidus has fallen behind schedule on its pledge to mass produce cutting-edge chips by March 2028, Bloomberg reported. The delay puts that production deadline in doubt: the company may no longer be able to meet it.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Products Robotics
Products Robotics

Myomo reports record brace sales as gross margin rises to 71.3%

Myomo reported record third-quarter revenue of $12.3 million, up 22% year over year, as sales of its powered arm braces increased, Yahoo Finance reported. The company recognized revenue on 222 MyoPro units, up 19%, and recorded 258 orders, up 13%.

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Capital

Altimeter targets $2.5 billion fund for late-stage companies

Altimeter Capital Management is targeting a $2.5 billion venture capital fund for late-stage, pre-IPO companies, Bloomberg reported, citing securities filings and a person familiar with the matter.