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STMicro’s 2027 AI revenue to be four-fifths optics, CFO says
3+ day, 13+ hour ago (156+ words) Sept 9 (Reuters) – About 80% of the more than $2 billion in AI data-centre revenue STMicroelectronics is targeting for 2027 will come from chips used in fibre-optic data links, its finance chief said on Wednesday, providing the first breakdown of a target the company…...
Taiwan flexes chip diplomacy muscles as it faces pressure to share AI wealth with allies
6+ day, 2+ hour ago (523+ words) By Ben Blanchard and Wen-Yee Lee TAIPEI, Sept 7 (Reuters) – Taiwan flexed its chip diplomacy muscles at a major trade show last week, portraying itself as a democratic and reliable supplier for the AI revolution, while signalling a willingness to share…...
Waymo taps Pimco, Blackstone to raise $3 billion debt, Bloomberg News reports
1+ week, 3+ day ago (212+ words) Sept 2 (Reuters) – Alphabet’s Waymo is in the final stages of talks to raise debt for the first time, seeking more than $3 billion from lenders including Pacific Investment Management and Blackstone, Bloomberg News reported on Wednesday, citing people familiar with the…...
Berkshire CEO Abel sees opportunity for energy business from AI
1+ week, 3+ day ago (197+ words) NEW YORK, Sep 2 (Reuters) – Berkshire Hathaway Chief Executive Greg Abel said on Wednesday he sees significant opportunities for the conglomerate’s energy business from the buildout of AI data centers, after Berkshire made Google parent Alphabet its third-largest common stock holding....
UK’s TT Electronics profit soars as turnaround efforts gain traction
1+ week, 3+ day ago (260+ words) Sept 2 (Reuters) – Electronic components maker TT Electronics forecast full-year profit to exceed current market expectations on Wednesday after posting a 37% jump in half-year profit, as orders increased and its turnaround efforts helped cut costs. • TT now expects 2026 adjusted operating profit…...
Taiwan says its companies plan to invest another $20 billion in US
1+ week, 4+ day ago (324+ words) TAIPEI, Sept 2 (Reuters) – Taiwanese companies are planning another $20 billion of investments in the U.S. driven by demand for AI applications, the island’s economy minister said on Wednesday without giving details, though drawing a warm response from a visiting U.S....
Amazon’s Zoox, Alphabet’s Waymo expand robotaxi services to more US cities
1+ week, 4+ day ago (205+ words) Sept 1 (Reuters) – Amazon’s Zoox and Alphabet’s Waymo on Tuesday separately announced expansions of their driverless ride-hailing operations into new U.S. cities, weeks after Zoox started paid services. Zoox said it would begin testing in Houston and San Diego, bringing…...
Soitec locks customers into multi-year deals as AI wafer demand surges
1+ week, 6+ day ago (300+ words) Aug 31 (Reuters) – French chip materials maker Soitec is locking customers into multi-year supply agreements with deposits and fixed pricing as demand surges for the wafers used in AI data centre optics, its chief executive told Reuters. “We are using the…...
nVent Electric to buy Maverick Power for $1.75 billion to expand data center offerings
2+ week, 5+ day ago (160+ words) Aug 24 (Reuters) – nVent Electric said on Monday it would acquire data center equipment maker Maverick Power for $1.75 billion as it looks to expand its presence in a booming AI infrastructure market. Electrical equipment and systems suppliers like nVent have benefited…...