SAN JOSE: Advanced Micro Devices Inc. (AMD) is selling the server manufacturing business of recently acquired ZT Systems to Sanmina Corp. in a deal worth up to $3 billion, as the chipmaker shifts focus to U.S.-based production of artificial intelligence hardware. The agreement, announced Monday, underscores AMD’s push to onshore more of its supply chain amid rising…
Diploma PLC upgrades FY25 guidance after strong H1 performance
LONDON: Diploma PLC, the FTSE 100-listed value-add distribution group, has reported robust half-year results for the six months ended 31 March 2025, prompting an upgrade to its full-year guidance. The company cited strong organic growth, disciplined cost management, and accretive acquisitions as key drivers behind the positive performance. Financial Highlights – Revenue: £728.5 million, up…
Temenos launches generative AI assistant to accelerate banking product innovation
GENEVA: Temenos (SIX: TEMN), a global leader in banking technology, announced Tuesday the launch of Temenos Product Manager Copilot, a generative AI-powered assistant designed to help banks create, test and optimize financial products faster. The new tool integrates Microsoft Azure OpenAI Service and is embedded within Temenos’ retail core banking platform. It allows product, IT…
Transense Technologies signs U.S. supply deal with ISI Interconnect Systems
LONDON: Transense Technologies plc, a U.K.-based developer of Surface Acoustic Wave (SAW) sensor systems, has signed a licensing and supply agreement with ISI Interconnect Systems, a Molex company, to package and distribute its proprietary SAW Application Specific Integrated Circuit (ASIC) technology in the United States. The deal, finalized after a year of technical and commercial…
OptiBiotix expands into the U.S. and Asian markets
LONDON: OptiBiotix Health plc (AIM: OPTI) has launched a new product containing SlimBiome® in partnership with Natural Health Trends Corp (NASDAQ: NHTC), marking its latest expansion into the U.S. and Asian markets. Natural Health Trends, a NASDAQ-listed international direct-selling and e-commerce company, has introduced TwinSlim Tomato Soup, a formulation developed by OptiBiotix for the Chinese…
Riverstone Energy proposes managed wind-down of investment portfolio
LONDON: Riverstone Energy Limited (REL), a publicly traded energy investment company, announced Monday that it has reached an agreement in principle with its investment manager, RIGL Holdings LP, to initiate a managed wind-down of its remaining investment portfolio. The proposed wind-down, which requires shareholder approval, would involve the orderly liquidation of REL’s assets and the…
TotalEnergies secures long-term LNG deal, acquires stake in Canadian project
PARIS: TotalEnergies has signed a 20-year sales and purchase agreement with Ksi Lisims LNG to acquire 2 million metric tons per annum (Mtpa) of liquefied natural gas from the future Canadian liquefaction plant, contingent on the project’s final investment decision, the company announced Tuesday. Alongside the agreement, TotalEnergies has acquired a 5% stake in Western…
Ithaca Energy agrees to acquire additional 46.25% stake in the Cygnus gas field
LONDON: Ithaca Energy, a leading UK independent production and growth company, is pleased to announce it has signed a sale and purchase agreement to acquire an additional 46.25% stake in the Cygnus gas field from Spirit Energy for a purchase price of £116 million (approximately $154 million), based on an effective date of 1 January…
Rio Tinto, Codeleo form joint venture to develop lithium project in Chile
SANTIAGO: Rio Tinto and Chile’s state-owned Corporación Nacional Del Cobre de Chile (“Codeleo”) have signed binding agreements to develop a lithium project in the Salar de Maricunga, a high-grade lithium resource in Chile’s Atacama region. The joint venture aims to strengthen both companies’ roles as key suppliers of materials for the global energy transition. Under…
Vibrint acquires Ampsight to boost federal tech, AI capabilities
STERLING: Defense technology firm Vibrint announced Tuesday it has acquired Ampsight, a provider of multi-cloud engineering, cybersecurity and AI solutions for federal agencies. The deal expands Vibrint’s reach into geospatial intelligence and enhances its IT lifecycle offerings. Ampsight specializes in explainable AI for geospatial and multimodal data, addressing transparency challenges in federal AI adoption. Its Northern…
Intel unveils new GPUs for AI and workstations at Computex 2025
Today at Computex 2025, Intel unveils a new lineup of graphics processing units (GPUs) and AI accelerators designed for professionals and developers. Intel’s announcements include: Celebrating 40 Years in Taiwan This week’s product launches coincide with the 40th anniversary of Intel in Taiwan – marking four decades of collaboration, innovation and shared success around the x86 architecture…
UK’s over-55s housing crisis: Why supply isn’t meeting demand
The UK is facing a growing mismatch between the demand for over-55s housing and the available supply. With an ageing population and shifting lifestyle preferences, older adults are seeking modern, flexible living options—yet the market is struggling to keep up. According to Arbuthnot Latham, from restrictive planning policies to a lack of diverse housing options, several…