Joby Buys a Defense Company for $5 Billion as Air Taxis Turn to the Military
Joby Aviation has spent more than a decade promising air taxis for the masses. On Monday it bought a defense contractor instead. The company said it will acquire Resonant Sciences,…
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…
Intel Prices $20 Billion Stock Offering at $95 a Share
The pricing notice went out to investors late Tuesday morning: Intel Corp. would sell 210,526,315 shares of common stock at $95 apiece, pushing an offering announced a day earlier from…
Nvidia and Six Financial Giants Create $500 Billion AI-Compute Financing Platform
Nvidia on Tuesday said it has teamed up with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to create an independent platform that aims to raise more than $500 billion…
OpenAI Buys Back $7 Billion of Employee Stock at $852 Billion Valuation
OpenAI has repurchased roughly $7 billion of company stock from current and former employees, according to two people familiar with the matter, a move that gives insiders a payday while…
Archer Aviation Buys Former Rival Wisk Aero, Reshaping the Air-Taxi Field
Archer Aviation has agreed to acquire Wisk Aero, the autonomous air-taxi developer backed by Boeing, according to TechCrunch, a merger that consolidates the electric vertical takeoff and landing industry around…
Nanya Technology Joins ASML’s EUV Customer Roster, Signaling a Shift
Nanya Technology, the Taiwanese DRAM maker long known for mature process nodes, is set to become the newest customer for ASML’s EUV lithography systems, according to Bits&Chips, a purchase that…
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…
Samsung’s HBM4 Yield Push Pressures SK Hynix
SEOUL–Inside Samsung Electronics’ memory fabrication plants, the metric engineers watch most closely shifted this summer. The company’s HBM4 production yield, a measure of how many of the advanced memory chips…
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,…
