Industrial Innovations

18 Dec 2024

Bain and KKR battle for Fuji Soft heats up as Bain goes hostile

Bain Capital said on Wednesday it plans to launch a tender offer for Fuji Soft shares even without the backing of the Japanese firm’s board should a second-round bid from rival suitor KKR fail.

Liquid AI closes $250 million early-stage funding round led by AMD

16 Dec 2024

Generative artificial intelligence startup Liquid AI said on Friday that it had closed a $250 million early-stage funding round led by chipmaker Advanced Micro Devices, which is also its strategic partner.

Broadcom forecasts Q1 revenue above estimates on strong AI chip demand

13 Dec 2024

Broadcom forecast quarterly revenue above Wall Street estimates on Thursday and predicted booming demand for its custom artificial intelligence chips in the next few years.

Exclusive-Singapore, Vietnam firms in talks for new undersea cables, sources say

13 Dec 2024

Singaporean asset manager Keppel and Vietnamese conglomerate Sovico Group are discussing plans for new undersea fiber-optic cables that would boost the region’s data centre industry, people familiar with the discussions said.

Google parent Alphabet jumps on quantum chip breakthrough

11 Dec 2024

Shares of Google parent Alphabet rose about 5% on Tuesday after it unveiled a new generation chip that the company said helped overcome a key challenge in quantum computing.

06 Dec 2024

Hewlett Packard Enterprise beats quarterly results estimates on strong AI server demand

Hewlett Packard Enterprise beat Wall Street expectations for fourth-quarter revenue and profit on Thursday, as it benefits from strong demand for its servers used to power artificial intelligence applications.

Amazon successfully tests using delivery drones in Italy

06 Dec 2024

Amazon said on Thursday it had successfully completed an initial test of using delivery drones in Italy, the first European country where the e-commerce giant plans to introduce the service.

US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture

03 Dec 2024

The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana.

Telefonica Germany tests quantum technologies in pilot with AWS

28 Nov 2024

Telefonica Germany and Amazon Web Services (AWS) are working on a pilot to test quantum technologies in the telecom operator’s mobile network, executives from the two companies said.

French genAI startup LightOn rises on market debut

27 Nov 2024

Shares of LightOn, Europe’s first listed genAI startup, rose as much as 9% on their debut on the Euronext Growth market in Paris on Tuesday.

27 Nov 2024

Pony AI's $260 million IPO gauges U.S. investor appetite for Chinese firms

China’s Pony AI said on Wednesday it had raised $260 million in its U.S. initial public offering, valuing the robotaxi startup at around $4.55 billion, the latest to bank on improved investor sentiment in U.S. markets.

Huawei launches Mate 70 smartphone as new US chip curbs loom

26 Nov 2024

Chinese tech giant Huawei Technologies unveiled its Mate 70 smartphone series on Tuesday, marking a significant step in its premium smartphone comeback while showcasing its own operating system in a clean break away from U.S. technology.

Exclusive-Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs, sources say

21 Nov 2024

China’s Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to U.S. restrictions, said two people familiar with the matter.

STMicroelectronics delays long-term targets to 2030

20 Nov 2024

STMicroelectronics (ST) pushed back its long-term financial forecasts on Wednesday, following three guidance cuts this year, amid a slump in markets for the industrial and automotive chips it makes.

Stellantis unveils technology to support flexible EV production, delays Ram electric pickup

19 Nov 2024

Stellantis said on Tuesday it will deploy a new vehicle system that will support assembly of gasoline, hybrid and electric models, but in a sign of how turbulent the electric-vehicle transition is, the automaker also delayed production of Ram electric pickup trucks.