HP Labs will be overseen by HPE CTO Fidelma Russo

The site, known as FFMT Kyushu, is the company’s fourth CMP slurries production facility

Settlement reached on day closing arguments were due to be heard

Figures show China is shifting focus towards domestic chip production as import bans ramp up

Altman reportedly first floated the idea before he was ousted and reinstated as CEO in 2023

Will help support watsonx Code Assistant for Z

The deal is worth $37.2 million

Production at the second, more advanced, site now delayed until 2027

Funding round follows a grant awarded by the EIC Accelerator

Majority of vendors analyzed by Gartner saw year-on-year revenue decline over last 12 months

Brings company’s funding total to $625m

The two companies have been working together since 2017

Announcement comes a week after the company was awarded funding under US CHIPS Act

The appointment is the second stint for Oliver Parker at Google Cloud

Infosys described the deal as a “strategic investment”

Trial is expected to last two weeks

The cash and stock deal is reportedly worth $75m

Deal will see Quantinuum install H1-Series ion trap quantum computer at Japanese research lab

The value of the investment has not been disclosed

Company’s current chief exec will take on role of chief operating officer

Second time the chipmaker has undertaken such a sale

The two new hires will take up the roles of VP of products and chief architect

Articul8 platform based on previous proof of concept project with Boston Consulting Group

The company has secured $3.2bn in funding from the Israeli government