Intel Corp, the world’s largest chipmaker, has decided to drop its $5.4 billion deal to acquire Tower Semiconductor Ltd, an Israeli contract chipmaker, after failing to get regulatory approval from China, Reuters reported on Tuesday. Intel, which announced the deal to buy Tower in February 2022, did not receive clearance from Chinese regulators by the…
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Occidental buys Carbon Engineering Ltd for $1.1 billion to boost green ambitions
Occidental Petroleum Corp, a U.S. oil and gas producer, announced on Tuesday that it has agreed to pay $1.1 billion for Carbon Engineering Ltd, a Canadian company that develops technology to capture carbon dioxide (CO2) from the air and store it underground or use it for making low-carbon products. The deal is part of Occidental’s…
Casey’s General Stores to acquire 63 stores from EG America
Casey’s General Stores, Inc., one of the leading convenience store chains in the United States, has announced an agreement to acquire 63 convenience stores from EG America, LLC, a subsidiary of EG Group Ltd., another major convenience store operator in the country. The deal is expected to close later this year, subject to customary regulatory…
Calgary imposes outdoor water restrictions due to drought
Calgary, the largest city in Alberta, has announced that it will limit the outdoor water use of its residents and businesses to two hours per week, due to the ongoing drought conditions. This is the first time that the city has imposed such restrictions because of dry weather, as the water flows in the Bow…
Oldcastle APG buys CertainTeed’s fencing, railing and decking business
Oldcastle APG, a subsidiary of CRH, a global building products company, has announced that it has acquired the fencing, railing and decking division of CertainTeed, a building products company based in Pennsylvania. The deal includes CertainTeed’s manufacturing operations at a plant in Buffalo, New York, and another plant in Utah. Oldcastle APG is a leading…
Bentley Systems buys Blyncsy, an AI company for transportation networks
Bentley Systems, a software company that provides solutions for infrastructure engineering, has announced that it has acquired Blyncsy, an AI company that offers services for transportation departments to monitor and maintain road conditions. The acquisition is part of Bentley’s iTwin Ventures portfolio, which aims to foster the development and adoption of infrastructure asset analytics using…
Method Architecture acquires David Boggess Architects, expands its presence in Texas
Method Architecture, a Houston-based firm that specializes in designing breweries, mixed-use projects and commercial properties, has announced that it has acquired David Boggess Architects, another Houston commercial architecture firm. David Boggess Architects is known for its projects such as the redevelopment of the Hughes Tool site in Houston’s East End and an operations and training…
Chesapeake Energy sells its last Eagle Ford assets to SilverBow Resources
Chesapeake Energy, a major energy company based in Oklahoma, has announced that it will complete its exit from the Eagle Ford shale region in Texas by selling its remaining assets there to SilverBow Resources, a Houston-based exploration and production company. SilverBow agreed to pay between $700 million and $750 million for the assets, depending on…
Nvidia to sell over half a million H100 GPUs for AI and HPC in 2023
Nvidia, the world’s leading maker of graphics and compute processors, is expected to sell more than 550,000 of its latest H100 compute GPUs in 2023, according to sources cited by Financial Times. The H100 GPUs are designed for artificial intelligence (AI) and high-performance computing (HPC) applications, and are based on Nvidia’s Hopper architecture. The H100…
ZTX secures $13 million seed funding for its web3 metaverse and creator platform
ZTX, a web3 virtual world and creator platform, has announced that it has raised $13 million in seed funding from a group of investors led by Jump Crypto, a crypto-focused investment firm. The funding round also included Collab+Currency, Parataxis, MZ Web3 Fund, Everest Ventures Group, and others. ZTX is a collaboration between Jump Crypto and…
Apple may surprise us with a USB-C update for the iPhone 14
The iPhone 15 series is expected to launch next month in September, and it may bring a major change to the charging port of the Apple devices. According to rumours, the iPhone 15 may ditch the Lightning port and adopt the USB-C standard, which is more widely used and compatible. However, a new report suggests…
DAE acquires 64 Boeing 737 MAX aircraft from Chinese leasing company
Dubai Aerospace Enterprise (DAE), a leading global provider of aviation services and leasing solutions, has announced that it has agreed to buy 64 Boeing 737 MAX aircraft from a subsidiary of China Aircraft Leasing Group Holdings Limited (CALC), a major Chinese aircraft leasing company. The deal, which was disclosed on August 14th, 2023, involves one…