SoftBank, Grab and Petros Explore a Borneo AI Corridor
SoftBank, Grab and Petros, Malaysia’s state oil company, have signed an agreement to explore building artificial-intelligence infrastructure in Sarawak, the Malaysian state on the island of Borneo. The three parties…
Biohub Recruits Google, Meta and Washington for a $1.8 Billion Cell Atlas
The plan sounds like science fiction until you see the budget. A research institute backed by Mark Zuckerberg and his wife, Priscilla Chan, is spending $1.8 billion to build a…
Amazon Cuts Corporate Jobs Again, a Narrow Round in Retail
When Amazon trims corporate staff, the company usually names a big number. This time the number was small, and the company appeared to want it that way. The e-commerce giant…
SK Hynix’s Solidigm Taps Goldman and Morgan Stanley for a 2027 Listing
The investment bankers who spent late September pitching for a piece of Solidigm’s initial public offering got their answer this week. SK Hynix’s NAND-memory subsidiary has chosen Goldman Sachs and…
Anthropic’s IPO Pitch Meets a Wall of Skepticism
Michael Burry, the investor who bet against the housing market before the 2008 crash, has a new target. A research firm has pegged Anthropic’s value at $150 billion, about 92%…
The AI Chip Boom Is Moving to the Bond Market
The companies spending the most on artificial intelligence are increasingly borrowing to pay for it. Broadcom Inc. is in talks to arrange financing of more than $50 billion to fund…
TSMC Sets Another Revenue Record as AI Demand Holds
Taiwan Semiconductor Manufacturing Co. is running ahead of its own forecasts, and the gap keeps widening. On Oct. 8, the world’s largest contract chipmaker said September revenue rose 54.6% from…
LG Energy Solution’s Profit Rises, With a Big Assist From Washington
LG Energy Solution Ltd. opened its third-quarter results on Oct. 8 with a number that looked like a clean turn in its favor: operating profit of 756 billion won, or…
SpaceX’s Borrowing Costs Jump as Chip-Financing Talks Rattle Bondholders
The headline was about chips, and the reaction came from the bond market. After reports that SpaceX is in talks with banks and investors to borrow $40 billion to buy…
AMD’s Su Flags a Memory Crunch and Asks Customers to Use Less
The semiconductor industry’s scarcest commodity right now is not a new chip design. It is the memory that feeds the chips. In Seoul this week, AMD chief executive Lisa Su…
