Coherent Corp. announced a $50 million funding agreement under the U.S. CHIPS Act to expand its 6-inch Indium Phosphide semiconductor manufacturing facility in Sherman, Texas. This expansion will double production space and quadruple wafer capacity, supporting growing demand for AI datacenter optical networking technologies and creating over 1,000 jobs. The project strengthens U.S. leadership in advanced photonics and semiconductor manufacturing, with a key partnership with NVIDIA enhancing AI infrastructure supply chains. The expansion highlights the critical role of photonics in enabling high-speed data transmission for next-generation AI systems.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
