SoftBank Borrows $10 Billion Against OpenAI Stake
TOKYO—The loan has no collateral in the usual sense; its security is a stake in a company that did not exist five years ago. SoftBank Group has borrowed $10 billion…
Hadrian Raises $1.37 Billion for Defense Manufacturing
HAWTHORNE, Calif.—The machines in the factory do not look like weapons, and the company that runs them insists they are not in the business of making any. Hadrian builds precision…
Lumilens Raises $700 Million for Optical Interconnects
SAN JOSE, Calif.—The copper cables under the world’s data centers are running out of headroom, and a startup few people had heard of a year ago just raised a large…
Mubadala Weighs $6.3 Billion Data Center Bet in Japan
ABU DHABI—The oil-rich sheikhdom is looking north, to a prefecture in Japan known for rice paddies and sake, not servers. Mubadala, Abu Dhabi’s sovereign wealth fund, is evaluating an investment…
Alphabet Returns to Debt Market With $25 Billion Bond Sale
The term sheets began moving through Wall Street syndicate desks before the trading day started: ten tranches, maturities stretching from two years to forty, and a target of as much…
SpaceX Lockup Expiry Piles Pressure on Shares After Earnings Drop
The calendar flipped to August 6, and the lockup that had kept nearly a billion SpaceX shares off the market expired at midnight. By morning, roughly 911.5 million shares held…
SK Hynix Shares Flash-Crash Again on Nextrade, KOSPI Falls 4.6%
The circuit breaker tripped before the Seoul market had even opened. On Nextrade, South Korea’s alternative trading platform, SK Hynix shares plunged 30% in pre-market trading on Wednesday, triggering a…
SoftBank’s Quarterly Profit Beats Forecasts as Intel Stake Yields $8.2 Billion
When SoftBank Group’s April-June results crossed the wires on Wednesday, the headline number appeared to disappoint: net profit fell 18% from a year earlier. Then the market looked at the…
Apple Buys Czech Materials Firm PlasmaSolve
The acquisition had been whispered about since early August; this week, trade publications including Photonics Spectra confirmed it. Apple has bought PlasmaSolve, a Czech materials-science company whose specialty is plasma…
TSMC Sits on $1 Billion in Finished Apple Chips as DRAM Shortage Bites
Inside TSMC’s fabs, the work is done. The 2-nanometer chips Apple ordered are manufactured, tested and packed, worth roughly $1 billion, or about NT$32 billion. And there they sit, because…
