Investment will support expansion of Dammam data center

Company has also appointed new CFO and board member

Company posted data center revenue of $3.86 billion in Q4 2024

No further information on how the figure breaks down has been revealed

Will help prepare Taiwan for AI era

Will use funds to deploy its optical networking solution in AI data centers

Second-highest annual revenue ever recorded by the company

Despite the downturn, company has received first two installments of CHIPS Act funding

Saw participation from both new and returning investors

Expects to see net sales increase again in Q1 2025

Has signed a lease to take over new building at Peterhouse Technology Park

The Chinese startup claims its model was trained for significantly less money than those developed by US labs

Details of the investment have not been disclosed

Investors include Synopsys and Intel Capital

Company is changing how ions are trapped to overcome quantum scaling challenges

Will support 107 projects as part of Canada’s National Quantum Strategy

Earthquake hit southern Taiwan just after midnight

Center described as the “first of is kind”

The four funding packages will support the expansion and modernization of multiple facilities

Financial terms have not been disclosed

Looking for National Lab to lead research projects into quantum computing, sensing, and materials

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