Investment

Leonardo DRS will buy McLean-based mission software firm Raft in an all-cash deal worth $450 million, targeting a Q4 2026 close.

Navitas and Magnachip have struck a licensing deal giving the Korean chipmaker access to GeneSiC SiC technology spanning 1200 V to 3300 V and beyond.

NXP beat expectations with 19% annual revenue growth in Q2 2026, citing software-defined vehicles and physical AI as its primary demand engines.

The unified messaging API startup closed an oversubscribed round led by Companyon Ventures to build carrier-grade infrastructure for agentic AI communications.

Skyworks beat its own expectations in Q3 FY2026 and said it now expects to close the Qorvo combination within the calendar year.

The Valencia-based energy storage integrator reported preliminary H1 revenue of $17.2m, swinging to positive operating income from a loss a year earlier.

The two firms intend to combine into a single listed AI data centre infrastructure company, with over 4GW of capacity across Europe and the Americas.

The ETH Zürich spin-out has closed a $25.5m seed round led by Quantonation to scale its natively two-dimensional trapped-ion quantum architecture.

The San Francisco and Bangalore startup is developing a general-purpose AI interface beyond touchscreens and keyboards, backed by Redstart Labs and 360 ONE Asset.

ARRAY Technologies is buying wire management specialist AWM for up to $203m, extending its balance-of-system portfolio into battery storage and datacentre markets.

Duos Edge AI has signed a five-year, 10 MW colocation agreement worth over $111m, bringing its Columbus campus to 20 MW of contracted capacity

Exascale Labs has contracted $71.4m of dedicated GPU capacity from Singapore's Dimension AI over three years to expand its GPU-as-a-Service

Micron has formalised long-term memory and storage supply agreements with seven Tier 1 automotive suppliers, including Qualcomm, HARMAN, DENSO and Hyundai Mobis.

Flexera has promoted president Mike Jerich to CEO, succeeding Jim Ryan, as the IT spend platform expands its AI cost management capabilities.

Green Project Technologies has acquired Optera to combine enterprise carbon accounting with supply chain decarbonisation under a single AI-powered platform.

The 270-acre Childress campus will serve a named hyperscaler, with construction starting Q3 2026 and closed-loop liquid cooling planned at full scale.

Gilat Satellite Networks has secured over $20m in SkyEdge orders from an undisclosed global satellite operator, with most deliveries expected within 24 months.

NASA has chosen Virtuix's Omni One treadmill platform for its year-long Moon and Mars Exploration Analog mission, beginning at Johnson Space Center next

CFO Recruit, a Miami-based specialist recruiter, says 64% of CFOs now oversee functions beyond finance, yet pay has not kept pace.

Fitch Ratings says domestic infrastructure and semiconductor suppliers stand to gain most from Japan's physical AI push, though credit benefits will be uneven.