Technology business news on AI, semiconductors, software and Big Tech, and what it means for investors.
Omron is paying $675 million to move industrial computing closer to the center of its factory-automation strategy. The Japanese manufacturer said it agreed to acquire Interlogic and its operating company OnLogic, a Vermont-based maker of rugged industrial PCs, through a reverse triangular merger. The transaction, signed October 10
SpaceX has turned a spectrum purchase into a sudden repricing of the U.S. wireless industry. The company said Thursday that it agreed to acquire 100% of Grain Management’s nationwide 800 MHz spectrum portfolio, giving its Starlink Mobile business access to as much as 14 megahertz of paired low-
Samsung Electronics has delivered a quarterly profit figure that would have looked implausible even at the start of the current artificial intelligence investment cycle. The South Korean group said Thursday that it expects third-quarter operating profit of about 107.4 trillion won, or roughly $80 billion, on consolidated sales
Tesla gave investors a stronger-than-expected signal from its core automotive business on Friday, reporting 486,532 vehicle deliveries in the third quarter. That was comfortably above the company-compiled analyst consensus of 461,974 and helped lift the shares more than 5% in early trading. The result matters
U.S. business investment is sending a message that financial markets may not welcome: the economy’s most capital-intensive growth engine remains strong even as borrowing costs rise. New orders for nondefense capital goods excluding aircraft, a widely watched proxy for business equipment spending, jumped 1.6% in August,
The U.S. Senate’s failure to advance the CLARITY Act has done more than delay a cryptocurrency bill. It has left the rules for a $2.3 trillion market dependent on regulators, judges and the next election, precisely the patchwork that digital-asset companies had spent years trying to
Samsung Electronics and SK hynix have rejected a proposal from Korea Electric Power Corp. to prepay about 25 trillion won, or roughly $19 billion, in electricity bills, according to a government document reviewed by Reuters. The decision turns what looked like an inventive financing plan for South Korea’s semiconductor
Adobe’s latest quarter gives incoming chief executive Anil Chakravarthy an enviable base and a demanding assignment: convert a rapidly expanding audience for artificial-intelligence tools into growth large enough to move a $27.5 billion recurring-revenue business. The software company reported fiscal third-quarter revenue of $6.76
PJM Interconnection’s 2028/2029 capacity auction cleared at the FERC-approved cap of $325 per MW-day on July 14, 2026 and still procured 6,831 megawatts less than its reliability requirement, an explicit signal that firm dispatchable power is now scarce inside the grid region running through the
Nvidia has given investors its clearest argument yet that the artificial-intelligence spending boom has years left to run. The chipmaker said Wednesday that revenue more than doubled in its fiscal second quarter and forecast roughly 70% growth for the fiscal year ending in January 2028, an unusually long-range
SoftBank Group is preparing its largest corporate bond issue on record, a 1 trillion yen offering that shows how rapidly the Japanese technology investor’s artificial-intelligence ambitions are reshaping its financing needs. The seven-year unsecured bonds will be marketed mainly to individual investors, with a provisional annual coupon
Xiaomi’s second-quarter results show that its transformation from smartphone maker into a broader technology and electric-vehicle group is advancing, but not yet fast enough to overcome weakness in its established businesses. Revenue for the three months ended June fell 6.1% from a year earlier to RMB108.
