Technology News
Technology stock news including AI, semiconductors, cloud computing, and software. Coverage of Big Tech earnings, product launches, and sector trends.
Micron Retires $4.3B in Debt Amid AI-Driven Capital Expansion
Micron Technology has repurchased more than $4.3 billion of its outstanding debt through a tender offer, settling April 3. The move comes as the chipmaker significantly increases capital expenditures to capitalize on the artificial intelligence memory boom.
Nokia Secures Virgin Media O2 5G Contract as Ericsson Lands Larger UK Network Role
Nokia has been awarded a contract to supply 5G radio access network equipment to Virgin Media O2, though Ericsson secured a larger role as the operator's main RAN partner in a separate deal.
Ondas Expands ISR Capabilities with World View Acquisition
Ondas Holdings has finalized its purchase of World View Enterprises, enhancing its intelligence, surveillance, and reconnaissance network. The company's stock rose nearly 5% following the announcement.
Plug Power Secures Major Electrolyzer Contract for Quebec Green Hydrogen Project
Plug Power has been selected to provide a 275-megawatt electrolyzer system for Hy2gen Canada's Courant green hydrogen project in Quebec, sending its shares up 7%.
Snap Confronts Activist Demands for AI Focus, Cost Discipline
Activist investor Irenic Capital has taken a stake in Snap and is urging significant strategic changes, including cost reductions, a spin-off of its smart glasses unit, and increased AI investment. The company's stock gained following the news.
Intel Reclaims Full Control of Ireland Fab in $14.2B Buyback Deal
Intel will repurchase Apollo Global Management's 49% stake in its Fab 34 semiconductor facility in Ireland for $14.2 billion, regaining full ownership. The company will fund the transaction with cash and $6.5 billion in new debt.
Nvidia Commits $2B to Marvell Partnership for Custom AI Chip Integration
Nvidia has announced a $2 billion strategic investment in Marvell Technology to link Marvell's custom AI processors with Nvidia's NVLink Fusion system. The partnership aims to address growing demand for specialized AI infrastructure.
Ondas Seals World View Deal, Expands Defense Tech Portfolio
Ondas Inc. has finalized its purchase of World View Enterprises, issuing millions in shares and cash to integrate stratospheric surveillance platforms into its defense business.
Grab Debuts Autonomous Ride Service in Singapore Amid Strategic Pivot
Grab Holdings has initiated Singapore's first public autonomous vehicle ride service in Punggol, partnering with WeRide. The move aligns with Grab's strategic focus on automation and AI to improve profitability.
Micron Retires $4.5B in Debt to Fund AI Memory Expansion
Micron Technology accepted tenders for approximately $4.46 billion of its outstanding debt. The move follows the company's decision to significantly increase capital expenditures to expand production of high-bandwidth memory for artificial intelligence systems.
Nu Holdings Appoints Ex-Amazon Exec to Board Amid U.S. Banking Push
Nu Holdings Ltd has named former Amazon and Apple executive Diego Piacentini to its board of directors. The move comes as the Brazilian fintech giant advances its U.S. expansion plans following conditional regulatory approval earlier this year.
Nio Q1 Deliveries Surpass Target, Firefly Gains Momentum
Nio's first-quarter deliveries reached 83,465 vehicles, slightly above its forecast, driven by a 136% year-on-year surge in March. The company's Firefly brand posted strong monthly results and is targeting international expansion.