Siemens to Spend 300 Million Euros on German Plants for AI-Era Technology
Construction crews will begin work this month on a new Siemens supplier facility in Offenbach, outside Frankfurt, one of three projects the German industrial group announced on July 1 as…
Explosives Maker Orica Backs Australia’s Biggest Green Hydrogen Project
The company that supplies much of the explosives used to blast ore out of Australian mines has decided that its future also runs on hydrogen. Orica, the Melbourne-based maker of…
Schneider Electric to Buy Industrial AI Firm Cognite for $3.1 Billion
Schneider Electric has agreed to acquire Cognite, a Norwegian company whose software organizes data streaming off factory floors, for $3.1 billion in cash, the French energy-management group said. The deal…
Machine Learning Points to Two New Superconductors, Finnish Team Says
A research team led by Finland’s Aalto University says it has discovered two new superconducting materials by screening a vast field of candidates with a method that combines machine learning…
iPhone 18 Pro Photos Surface on Dark Web After Breach at Apple Supplier
Photographs of an unreleased Apple iPhone appeared on the dark web last week, the visible aftermath of a ransomware attack on Tata Electronics, the Indian manufacturer that assembles a growing…
ON Semi’s $7 Billion Bet on the Physical World
The announcement landed on a Thursday morning from Scottsdale, Arizona, and it was the largest deal ON Semiconductor had ever done. The chipmaker, known to investors as ON Semi, agreed…
Chip Makers Push Through Another Round of Price Increases
Procurement managers across Asia opened revised price lists on July 1 to find increases from nearly twenty suppliers of analog and power semiconductors, the latest in a series of staggered…
Italy Opens Antitrust Probe Into Microsoft 365 Auto-Upgrades
Italy’s competition authority has opened an investigation into Microsoft over the automatic upgrade of Microsoft 365 users to pricier AI-enabled subscription tiers, according to Reuters. The probe focuses on whether…
Micron Draws ‘New Nvidia’ Comparisons as Memory Costs Reshape AI Economics
Barron’s called it the “new Nvidia.” In a deep-dive analysis this week, the financial weekly argued that Micron, the memory-chip maker, now occupies the position Nvidia held at the start…
Heat Waves Push Data Centers to the Brink
Patrick McBride spent the week watching thermometers the way other underwriters watch balance sheets. McBride, who runs international building-construction insurance at Zurich, said extreme weather has become the leading cause…
