Intel is spinning off its Network and Edge group
Intel will remain an anchor investor in the stand-alone company, which produced $5.8 billion in revenue in 2024.
Intel continues to pull back on its manufacturing projects
Intel cancelled multiple manufacturing projects in Europe and delayed its Ohio chip plant for the second time this year.
Trump’s AI Action Plan aims to block chip exports to China but lacks key details
The AI Action Plan offers a path, but not a concrete plan, for what the administration is thinking when it comes to chip export restrictions.
How TRIC Robotics is reducing pesticide use on strawberries using UV light
TRIC Robotics just raised a $5.5 million seed round for its tractor-sized robots that help eliminate bacteria and pests on strawberry plants.
Amazon backs programmable optics startup Lumotive
Lumotive reopened its February Series B round to add Amazon’s Industrial Innovation Fund and ITHCA Group, increasing the size of the round to $59 million.
Figma looks to raise nearly $1 billion as it kicks off its IPO roadshow
Figma looks to offer more than 36 million shares with an expected price range between $25 and $28 a share.
Why Cartken pivoted its focus from last-mile delivery to industrial robots
Cartken started seeing an influx of demand for its last-mile delivery robots from industrial customers and is now focused on that sector.
ServiceNow’s acquisition of Moveworks is reportedly being reviewed over antitrust concerns
The probe into the acquisition, which was announced in March, began in June according to sources familiar with the matter.
UAE’s deal to buy Nvidia AI chips reportedly on hold
The U.S. is reportedly holding up the deal due to concerns that AI chips could be smuggled to China from the UAE.
Nvidia’s resumption of H20 chip sales related to rare earth element trade talks
U.S. Commerce Secretary said Nvidia’s plans to start selling its H20 chips are tied to ongoing trade discussions with China regarding REEs.