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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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