Industrial Innovations

13 Jun 2025

US says China's Huawei can't make more than 200,000 AI chips in 2025

China’s Huawei Technologies is capable of producing no more than 200,000 advanced artificial intelligence chips in 2025, a top U.S. exports controls official told lawmakers on Thursday, warning that though the number is below the company’s demand, China is quickly catching up to U.S. capabilities.

CoreWeave to offer compute capacity in Google's new cloud deal with OpenAI, sources say

12 Jun 2025

CoreWeave has emerged as a winner in Google’s newly signed partnership with OpenAI, sources familiar with the matter told Reuters, in the latest example of the voracious appetite for computing resources in the artificial-intelligence industry and the formation of new alliances to meet them.

Oracle soars after raising annual forecast on robust cloud services demand

12 Jun 2025

Oracle raised its annual revenue growth forecast on Wednesday, betting on robust demand for its cloud offerings from companies deploying artificial intelligence, sending its shares up more than 7% after the bell.

Qualcomm launches AI R&D centre in Vietnam

11 Jun 2025

U.S. chipmaker Qualcomm has launched an artificial intelligence research and development centre in Vietnam, the company said on Tuesday.

IonQ to buy Oxford Ionics for $1.08 billion to expand quantum computing research

10 Jun 2025

IonQ will acquire its British peer Oxford Ionics for $1.08 billion, the companies said on Monday, helping the U.S.-based quantum computing firm deepen its research expertise in the complex technology that is seeing booming investor interest.

10 Jun 2025

Apple opens its AI to developers but keeps its broader ambitions modest

Apple announced on Monday a slew of artificial intelligence features including opening up Apple Intelligence’s underlying technology in a modest update of its software and services as it lays the groundwork for future advances.

GlobalFoundries boosts investment plans to $16 billion, with research focus

05 Jun 2025

Chip manufacturer GlobalFoundries said on Wednesday it planned to increase its investment plans to $16 billion, allocating an additional $1 billion to capital spending and $3 billion to research in several emerging chip technologies.

Exclusive-SES $3.1 billion Intelsat deal to gain unconditional EU antitrust nod, sources say

05 Jun 2025

European satellite company SES is set to win unconditional EU antitrust approval for its $3.1-billion bid for rival Intelsat, people familiar with the matter said, creating a major European player to rival Elon Musk’s Space X-owned Starlink.

Dutch car sharing firm adds Renault EVs capable of powering local grid

04 Jun 2025

Dutch car sharing firm MyWheels will plug in the first of 500 grid-connectable Renault EVs to its fleet in the Netherlands this week, expanding the number of vehicles in Europe capable of strengthening the power grid as the technology gains traction.

Beta Technologies, in a first, lands passenger-carrying electric aircraft at NY airport

04 Jun 2025

Beta Technologies became the first U.S. company to land an all-electric aircraft at an airport in the New York-New Jersey region, the company and port authorities said in Tuesday.

02 Jun 2025

China robotaxis, Indian pharma among hedge fund top picks at Sohn Hong Kong

Hedge funds revealed their top investment ideas, ranging from Chinese self-driving taxis, an Indian drug retailer, to a Korean nuclear plant builder, at the annual Sohn investment conference in Hong Kong.

Dell raises annual profit forecast on strong AI server demand

30 May 2025

Dell raised its annual profit forecast on Thursday, signaling growing demand for its AI-powered servers that are equipped with Nvidia’s powerful chips.

Amazon's in-car software deal with Stellantis fizzles

29 May 2025

Amazon’s deal with Stellantis to create in-car software that the companies hoped would transform the driving experience while bolstering their vehicle-tech credentials is "winding down," the companies confirmed after a Reuters inquiry.

Telus to invest over $50 billion in Canada over next five years

28 May 2025

Telus is investing more than C$70 billion ($50.88 billion) in Canada over the next five years to expand its network infrastructure in the country, the telecom company said on Tuesday.

TSMC to open chip design centre in Munich, could later support AI development

28 May 2025

Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, said on Tuesday it will open a design centre in Munich, Germany, which could at a later date help develop chips via leading manufacturing processes for applications such as artificial intelligence.