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AI chip startup FuriosaAI plans $500-M round before IPO

January 21, 2026

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Business World Philippines

ARTIFICIAL INTELLIGENCE (AI) chip designer FuriosaAI is seeking to raise as much as $500 million in a funding round before an initial public offering (IPO) as it gears up to challenge industry titan Nvidia Corp., according to people with knowledge of the matter.

The Seoul-based startup has appointed Morgan Stanley and Mirae Asset Securities Co. as co-advisers for the Series D round, and is targeting $300 million to $500 million in the round, the people said, asking not to be identified because the details aren’t public.

المزيد من القصص من Business World Philippines

Business World Philippines

Business World Philippines

PHL to grow below target until 2027 Maybank

PHILIPPINE ECONOMIC growth may continue to undershoot the government's targets until next year as the lingering effects of the flood control corruption scandal will likely derail recovery, Maybank Investment Banking Group said.

time to read

3 mins

January 21, 2026

Business World Philippines

Business World Philippines

Philippine agriculture output likely increased in 2025

THE PHILIPPINES’ agricultural production is estimated to have grown modestly in 2025 as gains in poultry and crop output likely offset the decline in livestock and fisheries, analysts said.

time to read

2 mins

January 21, 2026

Business World Philippines

Philippines eyes $1.5 billion from triple-tranche dollar bond offer

THE GOVERNMENT is seeking to raise at least $1.5 billion from its triple-tranche offering of dollar-denominated notes, marking the Marcos administration's fourth offshore bond issuance and its first in a year.

time to read

2 mins

January 21, 2026

Business World Philippines

BDO sells controlling stake in DHI

BDO UNIBANK, Inc. (BDO) is selling its controlling stake in its listed investment holding company Dominion Holdings, Inc. (DHI) for P2.54 billion.

time to read

1 mins

January 21, 2026

Business World Philippines

Bol approves Isabela, Pangasinan solar projects

THE Board of Investments (BoI) said it approved the registration of two renewable energy (RE) projects worth a combined P2 billion in Isabela and Pangasinan.

time to read

1 mins

January 21, 2026

Business World Philippines

Rice output ‘disappointing’ even after surpassing DA’s downgraded 2025 target

PHILIPPINE production of palay (unmilled rice) rose 3.01% to 19.68 million metric tons (MMT) in 2025, recovering from the previous year’s decline but below an original official projection of over 20 MMT, analysts said.

time to read

2 mins

January 21, 2026

Business World Philippines

Business World Philippines

Cement is hitting a wall. There’s no coming back

WHAT’S THE MOST important commodity for modern civilization? There’s a good argument that it’s not the ones we think about — oil, gas, copper, iron ore, gold — but something that’s ubiquitous and rarely grabs the attention of financial markets: concrete.

time to read

3 mins

January 21, 2026

Business World Philippines

Business World Philippines

PEZA says prospective investors shrugging off corruption concerns

THE Philippine Economic Zone Authority (PEZA) said potential investors have not yet let the infrastructure corruption scandal affect their plans, adding that it still expects the economic zones it administers to generate 100,000 new jobs this year.

time to read

2 mins

January 21, 2026

Business World Philippines

GOCCs ordered to prepare 2027 budget proposals

THE Department of Budget and Management (DBM) ordered state-run firms to start preparing their budget proposals for 2027.

time to read

1 min

January 21, 2026

Business World Philippines

BoP position swings to deficit in 2025

THE PHILIPPINES' balance of payments (BoP) deficit in 2025 settled below the central bank's full-year forecast despite posting a wider deficit in December.

time to read

3 mins

January 21, 2026

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