A defence company nobody had heard of on Tuesday opened a 105,000 square foot missile factory in Texas on Wednesday. Covenant came out of stealth this morning. It announced Anthem, a long-range weapon system it says is designed for production in the th…
HSCALE has signed a contract worth more than $1bn with an American cloud provider it will not name, for a Spanish data centre campus it will not locate. The company announced the deal this week. It describes the customer only as “a significant global c…
Amkor is roughly tripling the size of the chip packaging campus it is building in Arizona. The company announced phase 2 on Tuesday. It adds 60,000 square metres of cleanroom to the 33,000 already planned, taking the site to about 93,000 square metres,…
Chime is buying the bank that has held its customers’ money for seven years. The company announced on Tuesday that it has agreed to acquire Stride Bank of Enid, Oklahoma, for $590m in cash. Stride will become Chime Bank and operate as a wholly owned su…
The European Commission has proposed replacing the EU’s public procurement directives with a single regulation that would apply directly across the bloc. The proposal would introduce a European preference framework for public contracts and create the b…
Google will spend €13bn on data centre infrastructure across four Finnish sites during 2027 and 2028, its largest single investment in Europe, the company announced the plan today. The money covers Hamina, where it has operated since 2009, alongside Ka…
The European Court of Auditors has published two findings that sit awkwardly together. The EU has no reliable picture of the size or structure of its illicit tobacco market. The criminal networks running that market, according to the auditor who led th…
The Exploration Company has raised $450m. Most of it goes into something the company is not yet famous for. Not Nyx, the reusable capsule that has drawn the contracts and the SpaceX comparisons. An engine. Kate Duffy reported the round for Bloomberg. F…
China’s effort to build its own chipmaking machines finally has a coordinator. It is Huawei. And the flagship machine it is coordinating still runs on German lenses. Eleanor Olcott and Zijing Wu reported the arrangement for the Financial Times, citing …
A Welsh chipmaker has just posted a 40% jump in revenue. Its shares are up 849% this year. And its chief executive has told an interviewer that the industry has a supply problem it cannot fully solve. Sofia Gerace reported the interview for Bloomberg. …