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Manufacturing
Apple is accelerating its shift away from China by expanding iPhone production in India, with five factories — including two recently opened plants — now manufacturing the company’s flagship device. For the first time, all four models of the upcoming iPhone 17 will be assembled in India ahead of their global
Semiconductors
Japanese tech conglomerate SoftBank Group has agreed to invest $2 billion in Intel, a move framed as a strategic bet on advanced semiconductor manufacturing in the United States. The deal, announced Monday after U.S. markets closed, will see SoftBank purchase Intel common stock at $23 per share, slightly below
Manufacturing
GE Appliances, owned by China’s Haier Group, announced Wednesday that it will invest more than $3 billion over the next five years in its U.S. operations and workforce, a move aimed at bolstering domestic manufacturing following tariff policies introduced under the Trump administration. The investment will generate 1,
Pharmaceutical
AbbVie has announced plans to invest $195 million in its manufacturing facility in North Chicago, Illinois, to enhance the production of active pharmaceutical ingredients (API) within the United States. The move is part of AbbVie’s broader strategy to strengthen domestic manufacturing capabilities, following its earlier pledge to invest more
Automotive
Ford Motor Co. announced Monday it will invest $2 billion into its Louisville, Kentucky, assembly plant as part of a push to produce more affordable electric vehicles for U.S. consumers. The move builds on the automaker’s previously announced $3 billion investment in a new battery park in Michigan,
Manufacturing
Apple Inc. is set to deepen its commitment to U.S. manufacturing with a fresh $100 billion investment aimed at ramping up domestic production, according to a White House official cited by Reuters. The announcement, expected Wednesday, marks a significant expansion of the tech giant's efforts to localize
Transportation
Electric air taxi pioneer Joby Aviation has announced a landmark acquisition of Blade Air Mobility’s passenger helicopter ride-share business, in a deal valued at up to $125 million. The transaction marks a strategic leap for Joby, giving it immediate access to a highly developed network of urban air mobility
Funding
OpenAI, the powerhouse behind ChatGPT, has raised a staggering $8.3 billion in a funding round that pushes its valuation to an eye-popping $300 billion, according to The New York Times. This marks a significant milestone in the company’s broader goal to raise $40 billion this year and reflects
Artificial Intelligence (AI)
OpenAI has announced plans to establish Stargate Norway, its first AI data center in Europe, as part of a joint venture with British AI cloud infrastructure provider Nscale and Norwegian energy firm Aker. The facility, to be built near Narvik in northern Norway, marks a significant step in OpenAI’s
Manufacturing
Mars Inc., the iconic maker of M&M’s, Skittles, and Kind bars, is making a bold bet on the future of American manufacturing and consumer demand. The privately held company announced it will invest $2 billion over the next 18 months to build new factories and upgrade existing
Funding
Artificial intelligence startup Anthropic is reportedly closing in on a major funding deal that could raise between $3 billion and $5 billion, potentially tripling the company’s valuation to a staggering $170 billion. The news, first reported by Bloomberg, signals an aggressive new phase of growth for one of the
Energy
GE Vernova, a leading provider of power generation equipment, announced plans to acquire French software company Alteia in a move aimed at leveraging artificial intelligence to modernize and fortify the electric grid. The deal is part of a broader strategy to help utilities optimize infrastructure, reduce costs, and improve resilience