SpaceX Weathers First Lockup Test as Starlink Reaches Vietnam
On Aug. 6, more than 911 million SpaceX shares came out of their first lockup, roughly doubling the number of shares available to trade in a single session. By every…
Anthropic Prepares for October IPO as Investors Float $2 Trillion Value
In the past week, Anthropic’s investors have been making their case to anyone who will listen: the maker of the Claude AI models is worth $2 trillion. The Financial Times…
Cerebras Hardware Sales Slide as Cloud Revenue Soars
Cerebras Systems, the chip company that has spent years positioning itself as the challenger to Nvidia, reported quarterly results on Wednesday evening that showed its business moving in two directions…
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…
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,…
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…
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…
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…
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…
Temasek Weighs First Korean Equity Bet, Targeting Samsung and SK Hynix
Singapore’s Temasek is considering its first direct foray into Korean stocks, and it has set its sights on the country’s two memory-chip giants. The sovereign fund has been weighing investments…
