Consortium now has more than 65 members

Eaton will supply switchgear and electrical power monitoring for the new facility

Deal saw company valued at $1.2bn

Fund will start operating independently under a new name in the latter part of 2025

The UK’s CMA has indicated the agreement now satisfies its conditions

Work to find suppliers will be carried out in 2025

The credits will each cost $4

Job postings reveal company is developing a “server solution for data center applications”

Will seek to prohibit access to advanced AI chips and AI model weights

Arizona chips on par with those being produced in Taiwan

Includes 14MW data center facility and semiconductor fab

Beat Dell and Supermicro for the contract

Americas saw biggest YoY growth, while demand in Europe was down

Broke ground on a new HBM advanced packaging facility

Total 2024 revenue highest reported by the company in 30 years

Almost a year since spinout was first announced

SoftBank first expressed interest in the chipmaker back in 2021

Claims the company’s GPUs have seen a 1,000x improvement over the last decade

Industry groups warn of "significant adverse consequences" if the legislation is rushed through

Comes as Nvidia CEO Jensen Huang says Samsung has struggled to develop HBM chips for AI

The CHIPS and Science Act faces uncertain under incoming President Trump

Says will reduce TCO when compared to renting third-party AI infrastructure

Claims chips are 100x faster than “current state of the art” offerings

The Chinese-government backed parent company has been accused of asset stripping and IP transfer during its time as owners