OpenAI’s No. 2 Executive Departs as IPO Preparations Accelerate
Brad Lightcap, the chief operating officer who built OpenAI’s commercial engine, is leaving the company to start a venture of his own. The New York Times reported the departure Monday…
TSMC Approves $29.4 Billion Budget and Teams With Sony on Image Sensors
The board meeting was routine. The numbers it approved were not. Taiwan Semiconductor Manufacturing Co. signed off on a $29.4 billion capital budget Monday and confirmed a joint venture with…
Intel’s $20 Billion Share Sale Draws More Than $100 Billion in Orders
Intel’s bankers did not have a quiet week. The company’s $20 billion stock offering closed Tuesday with institutional orders topping $100 billion, a wave of demand that left the deal…
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…
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…
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…
SpaceX Asks the FCC for More Spectrum to Grow Its Phone-Connecting Satellites
The company that beams internet from space wants more of the airwaves. SpaceX has filed with the Federal Communications Commission for additional spectrum to expand its Direct-to-Device satellite service, the…
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…
