News
ASML financial guidance includes Terafab plans, CFO says
1+ hour, 50+ min ago (137+ words) AMSTERDAM, July 15 (Reuters) – Top computer chip equipment maker ASML said its capacity expansion plans in 2027 and 2028 unveiled on Wednesday along with second-quarter earnings take into account demand for its tools from Elon Musk’s planned Terafab chip production facility in Texas....
Eyeing valuation jump, investors prep bids for chip giant CXMT’s $8.6 billion IPO
2+ hour, 10+ min ago (785+ words) By Summer Zhen and Samuel Shen HONG KONG, July 15 (Reuters) – Chinese investors seeking shares in CXMT’s $8.6 billion IPO are betting the Chinese chipmaker’s valuation will soar as much as 10-fold after its Shanghai debut on the back of an AI-led…...
Exclusive-Data center firm Switch taps banks for IPO that could value it up to $80 billion, sources say
20+ hour, 9+ min ago (360+ words) By Echo Wang and Milana Vinn July 13 (Reuters) – Data center operator Switch has hired investment banks for an initial public offering that could raise up to $10 billion as soon as the fourth quarter, according to two people familiar with the…...
Russia launches American and two cosmonauts on space station mission
20+ hour ago (190+ words) WASHINGTON, July 14 (Reuters) – Russia launched two cosmonauts and an American astronaut to the International Space Station on Tuesday from Kazakhstan, resuming crewed flights from a recently repaired astronaut launchpad with a rare joint attendance by the heads of NASA and…...
Frontier joins airlines betting on Starlink to lure travelers
22+ hour, 29+ min ago (231+ words) NEW YORK, July 14 (Reuters) – Frontier Airlines said on Tuesday it will launch in-flight Wi-Fi using SpaceX’s Starlink satellite internet and start installing it across its fleet in early 2027. The Denver-based airline is the first ultra-low-cost U.S. carrier to sign…...
Embraer launches Phenom 300EV jet, deliveries due in 2028
1+ day, 13+ min ago (93+ words) SAO PAULO, July 14 (Reuters) - Brazilian planemaker Embraer said on Tuesday it had launched the Phenom 300EV, the newest version of its light business jet, featuring safety and performance upgrades. Deliveries are expected to begin in 2... Embraer launches Phenom 300EV jet, deliveries due…...
AI startup Reflection signs over $1 billion computing deal with Nebius
1+ day, 22+ min ago (216+ words) July 14 (Reuters) – AI startup Reflection said on Tuesday it has signed a more than $1 billion deal to secure computing capacity from Nebius, including access to Nvidia’s latest chips. The move builds on Reflection’s June agreement with SpaceX for computing capacity,…...
L3Harris gets $955 million US contract to supply 18 satellites for Golden Dome missile shield
1+ day, 12+ hour ago (159+ words) July 13 (Reuters) – Defense supplier L3Harris Technologies has secured a $955 million contract from an agency under the U.S. Space Force to produce 18 satellites for the country’s Golden Dome missile defense shield, according to statements from the company and agency on Monday....
FAA closes Starship review ahead of SpaceX’s next test flight this week
1+ day, 21+ hour ago (110+ words) WASHINGTON, July 13 (Reuters) - The U.S. Federal Aviation Administration on Monday closed its review into a SpaceX Starship booster's return failure that occurred during a flight test in May, clearing the way for Elon Musk's space company... FAA closes Starship review ahead…...
Warburg Pincus nears $7 billion deal for PANTHERx Rare, WSJ reports
4+ day, 17+ hour ago (228+ words) July 10 (Reuters) – Private equity firm Warburg Pincus is nearing a deal to acquire specialty pharmacy company PANTHERx Rare for more than $7 billion, including debt, the Wall Street Journal reported on Friday, citing people familiar with the matter. Warburg is partnering…...