MediaTek plans $5 billion financing for AI data-center chipsMediaTek approved five billion dollars for long-term growth and AI chip expansion. The company aims to reduce smartphone reliance and suppl...
31 Jul, 2026, 04.52 PM IST
Apple revenue, profits beat expectations on iPhone, Mac salesApple said sales for its fiscal third quarter ended June 27 were up 16.4% to $109.42 billion, compared with analyst estimates of a 15.5% ri...
31 Jul, 2026, 08.07 AM IST
Banks in talks to lend $15 billion for Anthropic data center backed by Google: WSJBig Tech has been pouring billions of dollars into AI data centers and computing power as demand continues to outstrip supply.
31 Jul, 2026, 12.35 AM IST
Qualcomm shares fall 5% as higher costs, Apple-related weakness cloud profit forecastQualcomm's stock has seen a notable drop following its alert about escalating memory costs. Increased expenditures and rising prices are ex...
30 Jul, 2026, 09.13 PM IST
France's Schneider Electric raises 2026 guidance on data-centre demandSchneider, once known primarily for industrial components like fuses and circuit breakers, now builds the backbone of data centres, suppl...
30 Jul, 2026, 11.01 AM IST
Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerateShares of the company were down more than 4% in extended trading on Wednesday, while Apple shares were flat.
30 Jul, 2026, 08.38 AM IST
US to award GlobalFoundries $300 million to develop faster AI chip linksThe award is part of President Donald Trump's effort to direct CHIPS Act research funding toward critical semiconductor technologies as W...
29 Jul, 2026, 06.28 PM IST
NextEra, Brookfield plan $100 billion Kentucky data center campusNextEra, the largest US utility, would deliver 2 gigawatts of natural gas-fired power and 2.6 GW of battery storage capacity to support the...
29 Jul, 2026, 06.23 PM IST
Vertiv shares crash 14% in pre-market after Q2 revenue misses estimatesVertiv shares fell 14% in premarket trading after second-quarter revenue missed estimates despite strong profit growth. The AI data centre ...
29 Jul, 2026, 06.03 PM IST
China is throwing a 1-2-3 punch at the global AI tradeIn quick succession, China has thrown a powerful 1-2-3 punch at the global AI trade. On July 16, Beijing-based startup Moonshot AI released...
29 Jul, 2026, 11.59 AM IST
Trump administration bans new Chinese humanoid robots, to protect US AI buildoutThe United States has banned new Chinese robots and power inverters. These measures aim to protect national security and reshore key indust...
29 Jul, 2026, 06.32 AM IST
In 1999, a farmer donated land for a children's park, now it's home to a $1 billion data center sparking a bitter community fightTaylor data center controversy: A ten-dollar land deal for a future park in Taylor, Texas, now faces a billion-dollar data center proposal....
28 Jul, 2026, 08.50 PM IST
Meta, BlackRock partner on $14 billion El Paso data centerMeta Platforms and BlackRock are developing a $14 billion data center campus in El Paso, Texas. BlackRock-managed funds will own eighty per...
28 Jul, 2026, 03.53 PM IST
Nvidia behind $50 billion lease on Texas data center, FT reportsIn an impressive move, Nvidia is reportedly set to lease Hut 8's data center in Texas, with the value of the arrangement potentially soarin...
28 Jul, 2026, 11.22 AM IST
HCLTech to invest $1.48 billion in AI data center, open 5,000-seat tech hubHCLTech will invest $1.48 billion to set up its first AI data centre in Odisha with Sarvam AI, as Indian IT firms expand into AI infrastruc...
24 Jul, 2026, 04.37 PM IST
Trump pledge on data center power supplies draws skepticismPresident Donald Trump announced a non-binding pledge for energy infrastructure. Power producers and data centers will fund massive AI-rela...
24 Jul, 2026, 04.00 PM IST
Southern Company unit signs 25-year power deal with OpenAIOpenAI, which is expected to need about 3,200 megawatts (MW) of power for its new facility, has agreed to provide up to 1,000 MW to the Sou...
22 Jul, 2026, 11.27 PM IST