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Cmpny

All articles tagged with #cmpny

business1 month ago•55 min saved

Marvell jumps after Nvidia chief hails it as the 'next trillion-dollar' company

Marvell Technology’s stock surged about 24% in premarket trading after Nvidia CEO Jensen Huang called it the 'next trillion-dollar company,' a boost that follows Nvidia’s $2 billion investment earlier this year to help customers use its AI chips with Marvell’s gear; Marvell forecast its custom chips business to exceed $10 billion in revenue in fiscal 2029 as cloud AI data centers expand, highlighting strong demand for AI-ready interconnects that link thousands of processors.

via Reuters|

#business #chip #cmpny

business1 month ago•90 min saved

Anthropic tops OpenAI with a $965B valuation after $65B funding round

Anthropic raised $65 billion in a Series H at a post-money valuation of $965 billion, placing it ahead of OpenAI’s $852 billion valuation and fueling plans to expand Claude’s computing capacity and scale products, with a potential public listing later this year. The round drew heavyweights like Altimeter Capital, Dragoneer, Greenoaks, Sequoia (with Coatue and ICONIQ as co-leads) and includes major participation from hyperscalers such as Amazon, while Anthropic’s run-rate revenue has surpassed $47 billion, underscoring furious investor demand in the AI frontier.

via Reuters|

#arti #business #cmpny

world3 months ago•53 min saved

Iran strikes rattle Gulf aluminum supply as Alba and EGA assess damage

Aluminium Bahrain (Alba) said it was assessing damage after Iranian strikes hit its Alba smelter and Emirates Global Aluminium’s Al Taweelah site in the UAE, with two Alba workers injured and EGA reporting significant damage. The Gulf region accounts for about 9% of global aluminum output, and shipments have been disrupted by the Iran war and the closure of the Strait of Hormuz. Alba had already begun shutting lines to preserve continuity, Bahrain Steel declared force majeure, and U.S. aluminum markets have seen rising Midwest premiums as supply tightens.

via Reuters|

#almprd #alum #bmat

business3 months ago•45 min saved

Unilever eyes split of food unit to merge with McCormick in all-stock deal

Unilever is reportedly separating its food business to merge it with McCormick in an all-stock deal that could be announced within weeks, potentially bringing brands like Hellmann’s mayonnaise and Cholula hot sauce under one roof; Reuters could not immediately verify the report. The move fits a broader plan to streamline Unilever’s portfolio amid weak food demand, while McCormick’s market value is around $14.5 billion and Unilever’s around $134 billion.

via Reuters|

#business #cmpny #deal1

world3 months ago•43 min saved

China clears Nvidia H200 AI chips for Chinese buyers

Chinese authorities have granted licenses for multiple Chinese companies to purchase Nvidia's H200 AI chips, following earlier U.S. approvals; Nvidia says it is restarting H200 production and has orders from Chinese customers, while Beijing declined to provide specifics.

via Reuters|

#chip #cmpny #cn

technology3 months ago•38 min saved

Micron to add second Taiwan chip fab at Tongluo site to boost AI-ready memory

Micron Technology said it will build a second manufacturing facility in Taiwan at the Tongluo site it recently acquired from Powerchip Semiconductor to expand supply of DRAM and high-bandwidth memory (HBM) for surging AI demand. The new fab would be similar in scale to its Miaoli County plant, with construction slated to start by the end of fiscal 2026.

via Reuters|

#chip #cmpny #cprod

technology4 months ago•45 min saved

Neo MacBook: Apple’s easiest repair in years but still memory‑locked

iFixit’s teardown of Apple’s MacBook Neo finds it the company’s most repairable laptop since 2014, with screws securing the battery and keyboard and parts like the camera and fingerprint sensor easy to swap. Yet the 8GB RAM is soldered to the motherboard, making memory upgrades nearly impossible, and the device scores only 6/10 on repairability. Experts warn the RAM soldering could hinder future AI workloads, even as Apple touts privacy advantages of local AI; the Neo is expected to target education markets similar to low-cost Chromebooks.

via Reuters|

#apple #chip #cmpny

energy4 months ago•37 min saved

Shell declares force majeure on Qatari LNG after QatarEnergy halt

Shell has declared force majeure on LNG cargoes bought from QatarEnergy and sold to clients worldwide after Qatar halted production at its 77 mtpa LNG facility; other buyers such as TotalEnergies have reportedly received similar notices. The notices suggest March deliveries may be unaffected, but the impact will be felt from April as deliveries tighten, with Shell and TotalEnergies long-time partners in QatarEnergy’s expansions. Analysts estimate Shell’s intake of Qatari LNG at about 6.8 mtpa.

via Reuters|

#cmpny #energy #lng

business5 months ago•32 min saved

Organic baby-food maker wins nearly $198 million in US IPO

Once Upon a Farm, the Berkeley-based, Jennifer Garner–co-founded children’s organic-food company, raised about $198 million in its US IPO by selling around 11 million shares at $18 each, valuing the business at roughly $724 million. Goldman Sachs and JPMorgan led the deal, and the stock will trade on the NYSE as OFRM. The offering comes amid rising IPO activity and a shift toward nutrition and transparency, with the company warning that sourcing ingredients from Mexico and South America could pose costs if trade barriers tighten.

via Reuters|

#baby-food #business #cmpny