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Tag Archives: CNBC
Dutch government takes control of Chinese-owned chipmaker Nexperia in ‘highly exceptional’ move
The Dutch government has invoked the Goods Availability Act to take control of Nexperia, a Chinese-owned semiconductor maker based in the Netherlands.
Navan sets price range for IPO, expects market cap of up to $6.5 billion
Navan updated its IPO prospectus and offered a pricing range, as it seeks to potentially hit the public market during a government shutdown.
Tech megacaps lose $770 billion in value as Nasdaq suffers steepest drop since April
Nvidia dropped almost 5%, pacing a steep decline in tech stocks, after President Trump threatened more tariffs on China.
Govini, a defense tech startup taking on Palantir, hits $100 million in annual recurring revenue
Defense tech startup Govini said it has surpassed $100 million in annual recurring revenue and secured a $150 million investment from Bain Capital.
We tested OpenAI’s Sora 2 video generator to find out why Hollywood is freaking out
The launch of OpenAI’s Sora 2 video service kicked off another round of anxiety among content creators in the U.S.
Applied Digital stock climbs 16% as AI demand fuels data center growth
The company expanded on its $7 billion lease agreement for artificial intelligence data centers with CoreWeave.
Rocket Lab’s stock set for 20% gain this week after flurry of new launch deals
Rocket Lab has secured several new launch contracts over the last few weeks.
Shaq, Sam Altman-backed college startup Campus taps former Meta AI head as CTO
As part of the deal, Campus will buy Pesenti’s artificial intelligence learning platform Sizzle AI for an undisclosed amount.
Singapore police probe Nvidia customer Megaspeed over alleged China export violations
Singapore officials are investigating AI computing company Megaspeed, a customer of American AI chip maker Nvidia, for potentially violating domestic laws.
Qualcomm shares fall after China opens antitrust probe into the U.S. chip giant
Qualcomm has a big business in China selling its smartphone chips to some of the biggest players in the country such as Xiaomi.