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Iren secures $3.6 billion to supply Nvidia GPUs for Microsoft's Texas AI data center

Australian data center operator Iren borrows billions through bond sales and project finance loans to purchase Nvidia graphics processing units. The high-performance computing resources will support Microsoft's AI model training operations at a Texas facility, marking a significant expansion in AI infrastructure investment.

Business2 sources

Iren secures $3.6 billion to supply Nvidia GPUs for Microsoft's Texas AI data center

Business2 sources

Bitcoin Miners Abandon Crypto for AI as $70 Billion in Contracts Reshape the Industry

Bitcoin mining companies are undergoing a dramatic transformation, pivoting from cryptocurrency production to AI and high-performance computing infrastructure. Firms like Hut 8, IREN, and Core Scientific have secured over $70 billion in AI-related contracts, with some miners expected to derive 70% of revenue from AI by end of 2026. The shift comes as mining costs soar and AI demand for power capacity creates new opportunities.

Business2 sources

Bitcoin Miners Abandon Crypto for AI as $70 Billion in Contracts Reshape the Industry

Business2 sources

Silicon Motion SM2524XT delivers 14 GB/s speeds to mainstream SSDs with AI optimization

Silicon Motion has introduced the SM2524XT, a PCIe Gen5 DRAMless SSD controller that brings 14 GB/s read speeds to mainstream drives. Built on TSMC's 6nm process, the controller targets AI inference workloads and KV cache operations with 25% better random performance and reduced latency. The chip addresses storage bottlenecks in AI PCs running local large language models.

Technology3 sources

Silicon Motion SM2524XT delivers 14 GB/s speeds to mainstream SSDs with AI optimization

Technology3 sources

Qualcomm promises $300 Windows laptops with new Snapdragon C platform for budget buyers

Qualcomm unveiled its Snapdragon C platform, targeting budget laptops priced at $300 and up. The new chips use Kryo architecture instead of premium Oryon cores, bringing Windows on Arm to entry-level devices. Acer, HP, and Lenovo will launch systems this year, with the Acer Aspire Go 15 featuring 8GB RAM and 512GB storage.

Technology12 sources

Qualcomm promises $300 Windows laptops with new Snapdragon C platform for budget buyers

Technology12 sources

MediaTek unveils edge-to-cloud AI innovations for Agentic AI era at COMPUTEX 2026

MediaTek is set to showcase its comprehensive edge-to-cloud AI technologies at COMPUTEX 2026 under the theme "AI Without Limits." The lineup includes NVIDIA DGX Spark built on the GB10 Grace Blackwell Superchip with 1-PetaFLOP GPU, the Dimensity AX C-X1 flagship smart cockpit platform for automotive AI integration, and advanced data center solutions featuring Co-Packaged Optics reaching 400Gbps per fiber. The showcase demonstrates MediaTek's push for ubiquitous AI adoption across devices, vehicles, and cloud infrastructure.

Technology2 sources

MediaTek unveils edge-to-cloud AI innovations for Agentic AI era at COMPUTEX 2026

Technology2 sources

Netrasemi completes A2000 chip testing, targets 2027 launch for edge AI and smart cameras

Kerala-based Netrasemi has successfully tested its A2000 AI system-on-chip, marking a milestone for Indian semiconductor design. The chip, fabricated at TSMC's 12nm node, is now production-ready and undergoing early trials with customers in surveillance and automotive sectors. Commercial production is targeted for mid-2027.

Technology3 sources

Netrasemi completes A2000 chip testing, targets 2027 launch for edge AI and smart cameras

Technology3 sources

HP beats Q2 earnings with 9% revenue growth as AI PC and Windows 11 refresh drive commercial demand

HP Inc. exceeded Wall Street expectations in its fiscal 2026 second quarter, reporting revenue of $14.4 billion and adjusted earnings of 86 cents per share. The PC maker's strong performance was fueled by a 13% surge in Personal Systems revenue, driven by commercial PC demand and the shift toward AI-capable hardware during the Windows 11 upgrade cycle.

Business2 sources

HP beats Q2 earnings with 9% revenue growth as AI PC and Windows 11 refresh drive commercial demand

Business2 sources

Snowflake commits $6B to AWS for Graviton CPUs as AI infrastructure spending accelerates

Cloud data storage company Snowflake has signed a $6 billion five-year commitment with Amazon Web Services, focusing on Graviton CPUs and AI accelerators. The deal represents a 2.4x increase from Snowflake's 2023 AWS agreement and signals the growing importance of CPU capacity for AI agents. Snowflake's stock surged 25-38% following the announcement and strong Q1 earnings.

Business12 sources

Snowflake commits $6B to AWS for Graviton CPUs as AI infrastructure spending accelerates

Business12 sources

India data center capacity set to triple by 2030 as AI adoption fuels $25 billion infrastructure boom

India's data center sector is experiencing explosive growth, with capacity expected to nearly triple from 1.6 GW in 2025 to 5 GW by 2030. AI adoption is driving deployment of up to 700,000 GPUs across the country, triggering $25 billion in infrastructure investments and a fresh wave of strategic land acquisitions. Hyperscale cloud operators and major tech companies are racing to secure power-ready land parcels as India emerges as Asia Pacific's most development-friendly market for digital infrastructure.

Business4 sources

India data center capacity set to triple by 2030 as AI adoption fuels $25 billion infrastructure boom

Business4 sources

Argonne National Laboratory launches AI inference service from spare supercomputing capacity

The Department of Energy's Argonne National Laboratory has unveiled a new AI inference service built from spare supercomputing capacity to accelerate scientific discovery. The service provides researchers across DOE labs with secure, cloud-like access to large language models without relying on public platforms like ChatGPT, supporting critical work including the Genesis Mission.

Technology2 sources

Argonne National Laboratory launches AI inference service from spare supercomputing capacity

Technology2 sources

Broadcom partners with FuriosaAI on 2nm AI accelerator chip with HBM4e memory for inference

Broadcom has partnered with South Korean startup FuriosaAI to develop a third-generation AI accelerator chip built on a 2nm process with HBM4/HBM4e memory. The custom AI silicon targets high-volume AI inference workloads and leverages Broadcom's advanced packaging technology to integrate multiple chiplets into a single system-on-package, with sampling expected in early 2028.

Technology2 sources

Broadcom partners with FuriosaAI on 2nm AI accelerator chip with HBM4e memory for inference

Technology2 sources

MediaTek Dimensity 8550 could bring Gemini Intelligence to affordable Android phones

MediaTek quietly launched the Dimensity 8550 chipset with Gemini Nano V3 support, potentially enabling Gemini Intelligence on mid-range Android phones. The chip adds an LLM Booster and upgraded NPU 880 to its predecessor, but devices still need 12GB RAM and other qualifications. First devices include HONOR 600 Pro and OPPO Reno 16.

Technology3 sources

MediaTek Dimensity 8550 could bring Gemini Intelligence to affordable Android phones

Technology3 sources

Nvidia's Jensen Huang calls Taiwan AI epicenter as company commits $150 billion annual spend

At Computex Taipei 2026, Nvidia CEO Jensen Huang declared Taiwan the epicenter of the AI revolution, revealing the company now spends roughly $150 billion annually on the island. The announcement came alongside the full production launch of the Vera Rubin platform and RTX Spark, Nvidia's first Arm-based Windows PC. Despite ongoing supply constraints, Huang assured investors the company has secured enough capacity to sustain robust growth in both CPUs and GPUs.

Technology15 sources

Nvidia's Jensen Huang calls Taiwan AI epicenter as company commits $150 billion annual spend

Technology15 sources

Samsung develops 900-layer V-NAND using advanced bonding tech to meet AI storage demands

Samsung has created a prototype 900-layer flash memory chip by stacking two 450-layer cell wafers using Cell Multi-Bonding technology. This breakthrough triples existing NAND density and addresses growing AI industry storage needs, though mass production remains several quarters away as the company refines its hybrid bonding process.

Technology2 sources

Samsung develops 900-layer V-NAND using advanced bonding tech to meet AI storage demands

Technology2 sources

Samsung plans $1.5 billion chip testing plant in Vietnam to ease global memory chip shortage

Samsung Electronics is investing $1.5 billion to build its first semiconductor testing plant in Vietnam, with operations starting November 2027. The facility will focus on legacy DRAM and NAND memory chips, addressing severe shortages as AI demand constrains supplies to smartphones, laptops, and automobiles. Construction has already begun 60 kilometers north of Hanoi.

Business4 sources

Samsung plans $1.5 billion chip testing plant in Vietnam to ease global memory chip shortage

Business4 sources

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