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…
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…
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…
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,…
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…
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…
Intel’s $15 Billion Offering Bets on AI Boom
SANTA CLARA, Calif.–Intel’s stock had a rough stretch in recent years, as the company lost its lead in chip manufacturing and watched its market value shrink. This week, the company…
BlackRock Takes Majority Stake in Meta’s El Paso Data Center
EL PASO, Texas–The data center rising in the desert outside El Paso has the scale of a small city: rows of buildings that will house tens of thousands of servers,…
Amazon’s Texas Data Center Comes With a Power Plant of Its Own
Amazon confirmed on August 8 that it is investing in a large natural-gas power plant to supply a planned data center campus in Pecos County, West Texas, a facility that…
X Ends Revenue Sharing, Turns to Original Content Rewards
X announced on August 8 that it is winding down its creator Revenue Sharing program and replacing it with a new plan called Original Content Rewards, saying the old system’s…
