Sumitomo Bakelite Buys a Kyocera Chemicals Unit for the Chip-Packaging Boom
Sumitomo Bakelite, the Japanese materials maker, said on October 11 that it would acquire a chemical business from Kyocera for about $190 million, folding the unit’s formulations and production capacity…
OPay Raises $185 Million as It Prepares for a U.S. Listing
OPay, the Nigerian mobile-payments company backed by SoftBank, has closed a $185 million funding round as it works toward an initial public offering in the United States, a step that…
AMD Raises GDDR6 Prices for Its Graphics-Card Partners
The next increase in graphics-card prices may come not from the chip at the center of the card but from the memory around it. AMD has raised the price of…
Tesla’s Austin Robotaxi Fleet Grew Eightfold in a Month
For most of the past year, investors who pressed Tesla about its robotaxi business heard a familiar answer: the Cybercab fleet in Austin was still small, still stuck somewhere between…
ASML Raises Spare-Parts Prices 10% for Korea’s Chipmakers
The notice went out quietly in early September, routed through ASML’s Korean subsidiary. By the time it reached the purchasing departments of Samsung Electronics and SK Hynix, the world’s dominant…
Netflix Prepares to Cut About 800 Jobs, Its Deepest Since 2022
Netflix is preparing to cut about 5% of its global staff, a reduction of roughly 800 people, according to a report by the entertainment publication Puck that Reuters later matched…
Isomorphic Labs Returns to Market Seeking a $40 Billion Price
Five months after closing its largest financing, the artificial-intelligence drug company spun out of Google DeepMind is back in front of investors, this time with a much bigger number attached…
OpenAI Pushes Its IPO to 2027 to Hold the $1 Trillion Price
Sam Altman has set a specific price on OpenAI’s public debut: $1 trillion. He is now willing to wait a year to get it. OpenAI is leaning toward delaying its…
Nvidia Weighs Buying the Open-Model Lab It Funded
Nvidia has already written one large check to Reflection AI — roughly $800 million to back a two-year-old lab that builds open models for automated programming. Now the chipmaker is…
Micron Readies a $35 Billion Buyback as Its Taiwan Workers Prepare to Walk Out
The two numbers arrived within days of each other and told opposite stories. Micron’s board authorized a share repurchase program of up to $35.16 billion, effective December 9. In Taiwan,…
