Medtronic invests $700 million in Cornerstone Robotics
The investment includes rights to distribute Hong Kong-based Cornerstone Robotics’ Sentire surgical system in select markets outside the US. Medtronic will distribute Sentire alongside its own Hugo robotic-assisted surgery (RAS) system.
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Anil Chakravarthy to become president and CEO of Adobe
Chakravarthy has led the development of products such as Adobe CX Enterprise, GenStudio and Brand Visibility. Prior to his current role, Chakravarthy served as CEO for four years at Informatica, a cloud data management firm.
NanoBridge adopts Siemens’ Precision FPGA Synthesis
NanoBridge Semiconductor will provide its customers with a version of Precision FPGA Synthesis tuned for its NBS6503H and NBS1201 FPGA device families, helping designers achieve high-quality synthesis results while supporting efficient implementation workflows.
CIP acquires onshore wind and battery project in Australia
With all major approvals received, Copenhagen Infrastructure V (CI V), the flagship fund of Copenhagen Infrastructure Partners (CIP), has made a final investment decision and reached financial close, securing a USD 1.2 billion facility through 10 banks.
Volkswagen to cut 100,000 jobs by end of decade
The German automobile giant had said in March that it would cut 50,000 roles by the end of the decade. Volkswagen also indicated that it plans to slash the number of car models the group produces by half.
GCT forms partnership to advance UAV control and communications
GCT Semiconductor and the infrastructure provider for utilities and IoT have a long history of cooperation in the utility sector. The collaboration combines GCT’s cellular and NTN expertise with the provider’s industrial-grade wireless innovation.
Nvidia to acquire Hugging Face for $12.9 billion
Nvidia has announced an agreement to acquire Hugging Face, the AI model hub and open-source platform, for USD 12.93 billion.
PEI-Genesis opens connector assembly facility in Pune, India
US interconnect solutions provider PEI-Genesis has opened a new production facility in Pune, India, its sixth globally and second in the Asia-Pacific region. The facility commenced operations on July 1, 2026, and has already shipped its first customer order.
Sivers Semiconductors to expand photonics manufacturing in Glasgow
Swedish company Sivers Semiconductors is investing USD 30 million to expand its indium phosphide manufacturing facility in Glasgow, Scotland.
Confidee recertified to AS9120 for aviation, space and defence supply chains
Norwegian PCB supplier Confidee has completed its AS9120 recertification, confirming that its quality management system continues to meet the strict requirements of the aviation, space and defence industries. Confidee was originally certified in 2023.
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