Industry

Industry

The business side of tech. Analysis on tech giants, startups, market trends, emerging technologies, and policies shaping the IT landscape.

hynix samsung tlc nand nand storage sk hynix

SK hynix finalizes acquisition of Intel's NAND business, takes full control of Solidigm

Intel's exit from NAND market marks another strategic pivot to growth areas
What just happened? Intel and SK hynix have finalized an $8.85 billion deal that transfers Intel's NAND flash memory business to the South Korean semiconductor giant, marking the completion of a multi-year transaction that began in 2020. The final phase of the acquisition concluded with SK hynix making a $1.9 billion payment to Intel.
elon musk xai

Musk merges startup xAI and Twitter, betting on AI to revitalize social media

X posts will continue fueling xAI's training data
What just happened? Elon Musk has orchestrated another move in his sprawling business empire, announcing on Friday that his artificial intelligence firm, xAI, has acquired X (formerly Twitter). The all-stock transaction values X at $33 billion, including $12 billion in debt, and xAI at $80 billion, creating a combined entity Musk says will "unlock immense potential" and provide "smarter, more meaningful experiences" for users.
sap novo nordisk europe

SAP surpasses Novo Nordisk to become Europe's most valuable company

What just happened? German software giant SAP has overtaken Danish healthcare company Novo Nordisk to become Europe's most valuable company. SAP's stock has performed exceptionally well, rising more than 40 percent over the past year. The firm's success is largely driven by its strategic shift toward cloud-based services and increasing focus on AI, both of which have strongly resonated with investors.
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