OpenAI is collaborating with Foxconn to design and build AI data center components across multiple US facilities. The partnership aims to secure long-term US manufacturing capacity for AI infrastructure. This comes amid OpenAI’s massive $1.4 trillion spending commitments and projected revenue growth
Walmart is seeing massive efficiency gains from its automation investments, with shipping costs down consistently around 30% for multiple quarters. The retailer’s newer automated fulfillment centers are about twice as productive as legacy facilities and becoming more capable over time.
According to new research, tariffs are delivering a net negative impact on American manufacturing. While some companies benefit, far more are seeing significant revenue declines and rising material costs.
SEW-EURODRIVE has officially opened its expanded 2,400m² facility in Gqeberha, marking a major investment in Eastern Cape industrial support. The state-of-the-art facility features modern assembly bays, dedicated painting zones, and can handle drive units up to 10 tonnes. This expansion transforms t
Global semiconductor IDMs are accelerating back-end process investments across Southeast Asia. Western firms are proving more aggressive than Japanese competitors, particularly in Malaysia and Singapore. This shift reflects changing global supply chain strategies.
Exowatt just raised $50 million to scale its thermal battery technology specifically for power-hungry AI data centers. The company claims a staggering 90GWh commercial pipeline as data centers desperately seek alternatives to constrained power grids. This funding extension comes just months after th
TotalEnergies is making a massive €5.1 billion investment in gas-fired electricity generation through a partnership with Czech billionaire Daniel Křetínský. The deal creates a 50-50 joint venture covering 14GW of power assets across Europe. This strategic move accelerates Total’s power division cash
Maxone Semiconductor has secured IPO approval on Shanghai’s STAR Market, rising to become the world’s sixth-largest probe card supplier. The company counts Huawei’s investment arm as its fourth-largest shareholder and generates up to 83% of revenue from an unnamed major customer believed to be HiSil
Texas is rapidly emerging as the nation’s AI power base, with data center developers flocking to the state for its cheap natural gas, fast permitting, and abundant power capacity. The state leads Virginia in both new and planned construction, with projections showing Texas adding four times more cap
GE Appliances is making a massive $3 billion bet on US manufacturing automation and reshoring. The company’s “zero distance” supply chain strategy aims to produce appliances closer to consumers with dramatically reduced labor hours and downtime. This represents a major shift from traditional offshor
