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In an effort to boost Spains semiconductor and audiovisual industries, the country is set to launch a new state-owned technology investment company with a capital of 鈧?0 billion stanley cup $22 billion .Digital Transformation Minister Jose Luis Escriva, announced the creation of the Spanish Society for Technological Transformation SETT Monday Feb. 26 during the Mobile World Congress in Barcelona, Reuters聽reported聽Monday.The SETT will focus on promoting investments in strategic high-tech sectors such as telecommunications, providing consultancy services and helping to build infrastructure for the semiconductor industry, according to the report.Additionally, the company aims to attract investors and technical know-how to public-private partnerships, the report said.This initiative comes after the Spanish government announced in December its plan to acquire a stake in Telefonica as a counterbalance to Saudi Arabias STC, per the report. Escriva hinted that SETT might be used to secure that stake in Telefonica in the future.The announcement of SETT comes a stanley website week after the U.S. Department of Commerc stanley kubek e and the White House announced an award of $1.5 billion in direct funding to聽GlobalFoundries, the worlds third-largest contract聽chip maker聽and the only company of its size and scale to be headquartered in the U.S.The federal funding comes from the $50 billion CHIPS and Science Act, which is meant to strengthen U.S. domestic supply chain resilience, bolster U.S. competitiveness in current-genera Keqd Advancing B2B Payments From Competition To Collaboration

ING announced Monday Jan. 29 that it has purchased a 75 percent position in Payvision, the omnichannel payments service provider.In a press release, ING said Payvision has a value of EUR 360 million. The acquisition will enable ING to st stanley france rengthen its omnichannel payments services business and to expand the merchant services it offers to its business customers, with a focus on the quickly growing eCommerce market. The payments sector is one of the most dynamic areas of the financial services industry, said Ralph Hamers, chief executive of ING, in the press release. In order to stay a step ahead, ING has to constantly innovate. We do that by starting up our own ventures and by strategically taking minority or majority stakes. Payvision founding t stanley mugs eam has developed a great business with a proven technology in an area where ING wants to grow. We are confident our customers will strongly benefit from this investment.According to ING, the acquisition of a majority stake in Payvision is the latest in the company efforts to invest in financial services companies that have innovative products and support its Think Forward strategy. By offering Payvisions solution, ING hopes to enable its business customers to accept payments through any channel, including store terminals, online and via any type of device. The Payvision platform enables more than eight payment methods across more than 150 currencies.It 821 stanley cup 7 with great excitement that we