Industry News

Wolfspeed to File for Bankruptcy Amid USD6.5 Billion Debt Restructuring Deal

North Carolina, USA, Wolfspeed, a leading U.S. semiconductor manufacturer specializing in electric vehicle (EV) components, has announced plans to file for bankruptcy as part of a comprehensive financial restructuring deal aimed at reducing its nearly USD6.5 billion debt by more than 70%.

Zoho Launches Zia Hubs in MENA to Unlock Intelligence from Unstructured Business Data

Middle East and North Africa — Zoho Corporation, a leading global technology firm, has announced the launch of Zia Hubs in the Middle East and North Africa (MENA) region.

World Braces for Iran Response to US Strikes

The recent unprecedented U.S. airstrikes on Iran have significantly heightened geopolitical risks, unsettling global markets and governments amid ongoing regional tensions.

India’s Biomass Boom Faces Bottlenecks as Demand Surges Past 1 Lakh Tonnes Daily

India’s renewable energy journey is hitting a critical roadblock as the biomass energy sector struggles to meet soaring demand.

Nippon Steel Finalizes USD 14.1 Billion Acquisition of U.S. Steel

Nippon Steel Corporation, a leading steel producer from Japan, finalized its monumental acquisition of United States Steel Corporation (U.S. Steel) for USD 14.1 billion.

NICE Unveils AI Agents for End-to-End Customer Service Automation Across the Enterprise

NICE, a leading customer experience technology provider valued at USD10.7 billion, has launched CXone Mpower Agents, a new suite of AI solutions aimed at automating customer service operations across front, middle, and back-office functions.

Egypt ICT Ministry Renews Strategic Partnership to Empower North Sinai Youth in Digital Economy

the Ministry of Communications and Information Technology announced the renewal of a cooperation protocol between the Information Technology Industry Development Agency (ITIDA) and Arish University.

Crude Markets Volatile As Israel-Iran Conflict Escalates

Oil prices exhibited sharp volatility on Monday, following a 7% surge on Friday, as renewed military escalation between Israel and Iran heightened investor concerns over potential disruptions to energy exports from the Middle East.

Tata Electronics Begins Construction of India’s First Semiconductor Fab in Gujarat

Tata Electronics officially commenced work on India’s first semiconductor fabrication plant in Dholera, Gujarat—a significant milestone in the nation’s electronics and high-tech manufacturing journey.

India, Taipei Request WTO to Delay Ruling on ICT Import Duties Amid Ongoing Consultations

India and Chinese Taipei have jointly requested the World Trade Organization (WTO) to defer the adoption of a panel ruling related to import duties on specific information and communications technology (ICT) products until October 24, 2025.

Taiwan Tightens Export Controls on Chinese Tech Firms Citing National Security Risks

Taiwan has added several major Chinese technology companies and their subsidiaries to its strategic high-tech commodities entity list, a move that significantly tightens restrictions on technology exports to these firms.

Indonesia to Add 69.5 GW of New Green Energy by 2034

Indonesia has unveiled an ambitious plan to add 69.5 gigawatts (GW) of new green energy capacity by 2034, marking a significant step toward a cleaner and more sustainable energy future.

Beijing Postpones Approval of USD 35 Billion Synopsys-Ansys Deal Amid Rising Chip Export Tensions

China has delayed regulatory approval of the USD 35 billion acquisition of Ansys by U.S.-based chip design software firm Synopsys, signaling growing strain in global semiconductor trade relations

Eastman Auto & Power Signs USD 5.8 million Battery Pact with Vande Bharat E-Vehicles to Power E-Rickshaw Mobility in India

In a pivotal move set to reshape India's electric mobility landscape, Eastman Auto & Power Limited (EAPL) has signed a Memorandum of Understanding (MoU) with Vande Bharat E-Vehicles to supply lithium-ion batteries worth USD 5.8 million annually for electric three-wheelers.

SG Mart Enters Renewable Energy Sector with APL Apollo SunSteel, Secures USD 30.9 million in Initial Orders

In a strategic move to diversify into high-growth sectors, SG Mart has formally entered the renewable energy domain with the launch of APL Apollo SunSteel, a dedicated range of solar module mounting structures.

DayOne Secures USD3.5 Billion Financing for Green Data Centers in Johor, Malaysia

Singapore/Johor: DayOne Data Centers Singapore Pte. has secured a landmark multicurrency financing package worth 15 billion Malaysian ringgit (approx. USD 3.5 billion) to fund the development and expansion of its green data center operations in Johor, Malaysia.

Cisco Unveils Next-Gen Networking and Security Solutions to Power AI Growth

Cisco Systems Inc. has announced a major overhaul of its networking and cybersecurity portfolio, unveiling a new generation of high-performance switches and upgraded firewalls designed to support the accelerating demands of artificial intelligence (AI) workloads.

China Gas Sector Lobbies for More Power Plants to Boost Demand

China’s natural gas producers are intensifying efforts to persuade the central government to accelerate the development of gas-fired power plants, as part of a broader strategy to revitalize faltering demand.

Nvidia, HPE Partner with Leibniz Supercomputing Centre to Build AI-Powered “Blue Lion” Supercomputer in Europe

Nvidia and Hewlett Packard Enterprise (HPE) announced a strategic partnership with Germany’s Leibniz Supercomputing Centre to develop a next-generation supercomputer, Blue Lion, leveraging Nvidia’s forthcoming “Vera Rubin” chips.

Dynapower Unveils MV Integrated PowerSkid™ for Renewable Energy and Green Hydrogen Applications

Dynapower, a Sensata Technologies company and global leader in energy storage solutions, has officially launched its MV Integrated PowerSkid™, a turnkey, utility-scale innovation tailored for the rapidly expanding renewable energy, battery energy storage system (BESS), and green hydrogen markets