Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
HCLTech Plans AI Data Center Platform With Sarvam AI, Up to 35 Billion Rupees Investment
HCLTech is teaming up with Sarvam AI to create a full-stack AI data center platform. The IT services firm may invest up to 35 billion rupees
Smartphone Shipments Hit 11-Year Low as AI Data Centers Gobble Up Memory Chips
Global smartphone shipments dropped 11% in the second quarter, hitting their lowest level for the period since 2013. The slump comes as AI d
Intel Invests €5 Billion in Irish Chip Plant to Boost AI and High-Performance Computing Output
Intel has launched a €5 billion expansion of its chip facility in Leixlip, Ireland, aiming to increase European production of processors for
Meta Expands Louisiana AI Data Center to 5 Gigawatts, $50 Billion Investment
Meta's Hyperion AI data center in Richland Parish, Louisiana, is being scaled up to 5 gigawatts of computing capacity and over $50 billion i
Sansan Profit Surges to ¥6.78 Billion, But Stock Dips on Dividend Uncertainty
Japanese software firm Sansan posted a massive profit rebound to ¥6.78 billion and guided for higher sales and earnings through 2027. Yet sh
Bank of America Sees Computacenter as AI Infrastructure Powerhouse, Initiates Buy
Bank of America initiated coverage of UK IT services firm Computacenter with a buy rating, highlighting its growing role in complex AI data
Chip Stocks Hit July Speed Bump as AI Spending Doubts Spark Record $11 Billion Fund Outflow
Chip stocks are sliding after a record $11 billion weekly outflow from semiconductor funds. Investors are weighing high valuations against t
Asian Tech's US Fundraising Party Gets Pickier as AI Excitement Fades
SK Hynix's $26.5B US debut has other Asian tech firms lining up for US listings, but investors are getting pickier. AI excitement is cooling
TCS Expands ABB Deal to Run Global Network Operations in Multi-Year Contract
Tata Consultancy Services has expanded its partnership with ABB to manage the industrial firm's global network operations. The multi-year de
TSMC's Record Quarter Shows AI Demand Is Still Driving Growth
Taiwan Semiconductor Manufacturing Co posted record second-quarter revenue of T$1.27 trillion, up 36% from a year earlier, slightly topping
Keppel Sells Last Bifrost Cable Fiber Pair to Hyperscaler, Hits $1.3B
Keppel has sold the last available fiber pair on its Bifrost subsea cable to a global hyperscaler. The deal brings the project's total contr
TCS Restructures US Operations and Launches New Business Units Amid AI Shift
Tata Consultancy Services is reorganizing its leadership and creating five new business groups, including a US West Coast unit and an expand