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Full coverage: Technology

Tech bro Anglo: My week in Silicon Valley as its bank crashed

I went to Silicon Valley to meet with top-tier tech companies. As the meetings progressed, its main bank collapsed. Beyond the Bay Area’s travails, the impact of SVB’s failure on monetary policy in the near term may be significant.

Stephen Kinsella
14th Mar, 2023 - 6 min read

Fully charged Xerotech powers ahead with €24m raised and high-profile directors

By focusing on the heavy equipment niche, the Claregalway battery technology start-up has convinced investors to back its plans for a fully-fledged factory. The sums at stake had remained secret – until now.

Thomas Hubert
8th Feb, 2023 - 3 min read

Corporation tax was a record €22.6bn last year. There is no sign it will shrink this year

The latest layoffs at Salesforce show the correction in the tech industry is not over, raising questions about Ireland's corporation tax boom. Another tax stream, however, gives an indication of the profits yet to be declared here – and that's before we even look at big pharma.

Thomas Hubert
4th Jan, 2023 - 5 min read

Billions in dividends, millions in tax: The benefits of Microchip’s double malt structure

The semiconductor multinational is reaping maximum rewards from the loophole still allowing Irish companies to be tax-resident in Malta. Its tax bills are small, but its capital returns are not.

Thomas Hubert
3rd Jan, 2023 - 4 min read

From Madagascar to Muscat: As Predator spyware ensnares the globe, its revenue soars in Ireland

Weeks after the findings of a European Parliament investigation, police have raided Intellexa in Greece. Proceeds from the sale of the firm's surveillance technology trickle up to a tax structure established in Ireland, but one Irish MEP is now calling for change.

Joe Galvin
15th Dec, 2022 - 4 min read

A multi-billion-dollar rise in revenue, a successful spin-off and still no tax: Ireland delivers for Dell

Shortly before the end of its financial year in January, the Dell group severed its cloud software arm VMware. Both businesses continued to maximise the green jersey scheme in Ireland to shield their growing European business from corporation tax.

Thomas Hubert
15th Dec, 2022 - 5 min read

As bidders circle, a US investor acquires a minority slice of Altada’s debt

The buyer of loans owed by the Cork artificial intelligence start-up in receivership has a long history with the company. The move comes as bidders express interest in acquiring the business.

Tom Lyons
8th Dec, 2022 - 2 min read

Board pulls the plug on Donegal e-commerce start-up

Instead of raising more funds, Content Llama is set to close down by the end of this year. The technology provider to outdoor retailers failed to "turn the ship", its co-founder and chief executive Karina Kelly told investors.

Tom Lyons
6th Dec, 2022 - 2 min read

Codename X3T: The tech start-up spun out by NBI’s shareholders and staff

The investors brought along by David McCourt since he won the National Broadband Plan contract are forming a new company to commercialise related technology and turn the team who developed it into a permanent “centre of excellence”. Strict procurement rules apply.

Thomas Hubert
2nd Dec, 2022 - 9 min read

Hiring, firing and taxpaying: One year at Meta and Google in Ireland

New information from multiple subsidiaries of the two digital advertising giants in Ireland reveal how they operate in the post-double Irish world and how ready they are to take on the industry slump.

Thomas Hubert
2nd Dec, 2022 - 7 min read
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