The company said it is investigating how these listings circumvented screening measures and is taking corrective action.

The company said its current priority is maintaining stable supply for its customers. Nexperia produces high-volume basic chips used in manufacturing.

The listing price is 22% lower than Seres’ closing price in Shanghai on October 31.

The new entity will focus on general trading, supplying products to service providers on the platform, and marketing products to UAE consumers.

Urban Company is winding down its Saudi Arabia operations after shifting to a joint venture model.

Microsoft’s workforce stayed flat at 228,000 in the fiscal year ending in June, with over 6,000 layoffs during that period and another 9,000 in July.

Executives from OpenAI have also visited India to meet with startups, with more leadership visits expected in November.

Other investors included Bright Pixel, StageOne Ventures, Cardumen, Signals VC, and Zoom, which is also a customer.