BlackRock Takes Majority Stake in Meta’s El Paso Data Center
EL PASO, Texas–The data center rising in the desert outside El Paso has the scale of a small city: rows of buildings that will house tens of thousands of servers,…
iPhone 18 Pro’s Soaring Cost Tests Apple’s Pricing Power
CUPERTINO, Calif.–Inside Apple’s supply chain, the conversation this year has been about memory, and the numbers are stark. The bill of materials for the iPhone 18 Pro has risen 38…
Novo Nordisk and AWS Open AI Drug Discovery Hub in London
LONDON–The most expensive part of drug development is the beginning: screening millions of compounds, predicting how they will behave, and deciding which few deserve the decade and billions of dollars…
Hedge Fund Pours $400 Million Into Chip Startup
SAN FRANCISCO–The hedge fund Situational Awareness has made a career of unconventional bets, from trading strategies that shocked markets to positions that other funds avoided. On Aug. 9, it placed…
Google Play Adds Venmo, Opening App Store Payments
MOUNTAIN VIEW, Calif.–For a decade, buying apps on Google Play meant paying with a Google account: credit cards, carrier billing, and Google Pay were the options, and developers grumbled about…
SpaceX Retail Investors Turn Sellers After IPO Run
NEW YORK–The first few months of SpaceX’s life as a public company had a familiar shape: individual investors piled into the stock, buying shares of the rocket maker on every…
Sony and TSMC Plan $6.3 Billion Image Sensor Plant in Japan
TOKYO–Kumamoto prefecture, on the southern island of Kyushu, has become the most crowded patch of semiconductor real estate in Japan. TSMC’s first Japanese fab opened there, its second is under…
TSMC Posts Record July Revenue on AI Orders
TAIPEI–The monthly revenue report from Taiwan Semiconductor Manufacturing Co. has become a ritual for the global chip industry, a monthly check on whether the artificial-intelligence boom is still feeding through…
Intel’s $15 Billion Offering Bets on AI Boom
SANTA CLARA, Calif.–Intel’s stock had a rough stretch in recent years, as the company lost its lead in chip manufacturing and watched its market value shrink. This week, the company…
SK Hynix Dismisses Report of Chongqing Plant Sale
SEOUL–Rumors about the future of SK Hynix’s packaging plant in the southwestern Chinese city of Chongqing have circulated for weeks inside the memory industry. On Aug. 10, the company responded,…
