August 22, 2023

IN THIS ISSUE

🔲 Chip giant ARM preps potentially biggest IPO of 2023

🌟 Webb telescope captures Ring Nebula in gorgeous detail

💨 Cargo ship with green tech begins maiden voyage

UP FIRST

ARM preps potentially biggest IPO of 2023

The chip giant is reportedly hoping for a valuation of at least $60 billion

ARM has announced it has filed paperwork to sell its shares on the tech-heavy Nasdaq.

The U.K.-based company, which makes chips for a wide range of electronic devices, plans to list on New York's Nasdaq in September, the BBC reported.

Although ARM said the number of shares and price range have yet to be decided, many commentators believe it will be the biggest listing of 2023, with the company reportedly looking for a valuation of between $60 billion
and $70 billion.

ARM was acquired by Japanese tech conglomerate SoftBank, which took it private in 2016 in a $32 billion deal. Before that, it was listed in both London and New York for 18 years.

The company’s chip design instructions and technologies are used by major firms such as Apple and Samsung to build their own processors.

ARM said its technology was included in more than 30 billion chips shipped in its fiscal 2023.

DEEP SPACE

Webb telescope captures Ring Nebula in gorgeous detail

The amazing images show the intricate structures of the final stages of a dying star

The James Webb Space Telescope has just served up a few more sublime images, this time showing the Ring Nebula in astonishing detail.

Webb captured the images using two different cameras. The first one (above) was taken by its near-infrared camera (NIRCam) and shows the intricate details of the filament structure of the inner ring.

The second image used Webb's mid-infrared instrument (MIRI) to reveal particular details in the concentric features in the outer parts of the nebula’s ring.

Located around 2,500 light-years from Earth, the colorful main ring of the long-observed Ring Nebula is made up of gas thrown off by a dying star at the center of the nebula.

This star will eventually become a white dwarf -- a very small, dense, and hot core that marks the final evolutionary stage for a star, and one that our own sun will eventually follow, the European Space Agency (ESA) explains on its website.

ON THE HORIZON

A cargo ship with massive rigid sails embarks on maiden voyage

Putting the technology onto cargo ships could slash the industry's emissions

With the shipping industry estimated to be responsible for about 2.1% of global carbon dioxide emissions, the hunt is on for greener technology.

In what could prove to be a pivotal moment for the industry, shipping firm Cargill has put to sea for the first time a cargo ship retrofitted with giant, rigid “WindWings” sails designed to slash fuel consumption.

The 123-foot-tall wings are made with the same material as wind turbines for durability, folding down when the ship is in port and opening up when it’s out on the open sea.

Using wind power rather than engine power could reduce a ship’s emissions by 30% over its lifetime.

The maiden voyage involves sailing from China to Brazil and will give engineers an excellent chance to find out if rigid sails point to a more economically friendly future for commercial shipping.

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