Gaon Cable signs $150M busducts contract with US AI data center
With this contract, LSCUS, the US subsidiary of South Korean company Gaon Cable, has added AI cloud providers to its existing customer base of big tech and generative AI companies.
Avolon orders 35 Airbus A330-900 and 75 A320neo Family aircraft
Powered by the latest generation Rolls-Royce Trent 7000 engines, the A330neo is designed to fly up to 8,100 nautical miles / 15,000 kilometers non-stop.
COGD: Obsolescence risks have never been greater
Obsolescence risks in electronics supply chains have never been as numerous as they are today, according to Axel Wagner, Chairman of the German industry association COGD. He points to shifting semiconductor strategies, geopolitics and trade restrictions, and calls on companies to manage obsolescence across the whole company rather than within purchasing alone.
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Tessolve raises $75M to support acquisitions, strengthen offerings
Tessolve is a Bangalore-based semiconductor engineering company offering end-to-end solutions across chip architecture, design, validation, testing and embedded systems. The investment round was spearheaded by US firm Vector Line.
Kapta Space raises $24 million Series A, secures MTI contracts
Kapta’s modular MESA architecture rethinks how electronically steerable radar payloads are built. This software-defined architecture is designed to deliver advanced radar performance with lower cost, power requirements and manufacturing complexity.
ContourGlobal breaks ground on solar-plus-storage project in Arizona
Once completed, the site will host more than 760,000 solar modules and over 300 battery storage containers (1.4 GWh / 360 MW) using advanced lithium iron phosphate (LFP) technology, with liquid cooling and integrated fire protection.
Universal Quantum raises over $100M to scale quantum computing
The new capital is expected to drive the continued development and commercialisation of the UK-based company’s modular approach to building the quantum computers needed for practical, error-corrected use.
Lam Research opens its largest US warehouse
Lam Research has gathered all of its logistics operations in California under one roof in Livermore. At the heart of the new hub is an automated storage system that retrieves parts in under 30 seconds.
TTM closes $1.1 billion acquisition of Epiq Solutions
Six weeks after the deal was announced, TTM Technologies has completed its acquisition of the software-defined radio maker. TTM now says explicitly that the purchase will dilute its earnings per share next year.
More than 250 jobs at risk as Nokia plans cuts in Finland
Nokia is planning to cut up to 253 positions in Finland. The company wants to reduce costs and redirect resources towards areas such as defence, AI and data centres.
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