Tesla Files for $10.1 Billion Solar Factory in Texas
In a tax-incentive application posted by the Texas Comptroller, Tesla has laid out plans for the largest manufacturing investment it has ever put on paper: a $10.1 billion solar factory…
Microsoft Trims China Consumer Business, Keeps AI Door Open
Microsoft is scaling back its consumer business in China but keeping a window open for AI, Reuters reported on Aug. 13, citing people familiar with the company’s plans. The move…
Coherent Posts Record Year as Optical Sales Surge
Jim Anderson, the chief executive of Coherent, opened the company’s fiscal fourth-quarter call with a simple summary: a record year, significant margin expansion, and earnings growth that ran more than…
SK Hynix Plans to Lift China NAND Output by 50% by 2027, Defying the Trade Winds
The memory maker at the center of the world’s semiconductor trade tensions is doubling down inside China. SK Hynix plans to raise NAND flash output at its Chinese facilities by…
Samsung SDI Buys Out GM’s Battery Plant and Pivots It to Storage
The plant was built for the electric-vehicle boom. It will spend its early years making batteries for storage instead. Samsung SDI said Monday it will acquire General Motors’ stake in…
Meta Sets Up $1 Billion Fund for the Towns That Host Its Data Centers
The towns that host Meta’s data centers are getting a check. The company said this week it will set up a $1 billion fund to support community projects near its…
Singapore Data-Center Operator DayOne Files Confidentially for $640 Million U.S. IPO
DayOne, the Singapore-based data-center operator, has confidentially filed with U.S. regulators for an initial public offering that could raise about $640 million, according to The Straits Times, the latest sign…
Vietnam’s VinSpace Books SpaceX Falcon 9 Launch for 2027
VinSpace, Vietnam’s first commercial space company, has signed an agreement with SpaceX to launch its initial satellites aboard a Falcon 9 rocket in 2027, a contract that marks the beginning…
Battery Startup Sila Wins $1.4 Billion Pentagon Loan for Domestic Production
Sila, the California battery startup known for its silicon-anode chemistry, has secured a $1.4 billion loan from the U.S. Defense Department to build domestic battery production capacity, according to TechCrunch,…
Anthropic, Bitcoin Miner Riot Strike $9.1 Billion AI-Compute Deal
Anthropic has agreed to a $9.1 billion deal with Riot Platforms, according to people familiar with the matter, the latest sign that AI labs are locking up computing capacity years…
