Synopsys, AWS Sign Multi-Year Chip Design Licensing Deal Worth Over $1 Billion
Synopsys and Amazon Web Services (AWS) on Wednesday announced a multi-year agreement worth more than $1 billion under which AWS will license chip design intellectual property from Synopsys. The deal expands Synopsys’ growing business...
Apple Plans Smart-Home Push With New Hub on October 13
Apple is planning to expand its presence in the smart-home market with a new home hub, code-named J490, expected to be launched on October 13, Bloomberg News reported on Wednesday, citing people familiar with...
Hormel Foods to Acquire Brakebush Brothers for $1.06 Billion
Hormel Foods said on Wednesday it will acquire family-owned chicken company Brakebush Brothers in a deal valued at $1.06 billion, as the food manufacturer seeks to strengthen its presence in the growing value-added chicken...
Ethiopian Airlines to Sign Boeing Deal for 10 Freighter Aircraft
Ethiopian Airlines is set to sign an agreement with Boeing on Wednesday for 10 freighter aircraft, according to a banner displayed at the venue of the signing ceremony. The deal follows reports earlier this...
US Trade Court Hears Challenge to Trump’s Forced-Labor Tariffs
The US Court of International Trade on Wednesday is set to hear a challenge to President Donald Trump’s tariffs on goods from 60 trading partners accused of failing to prevent imports made with forced...
Canadian Alcohol Makers Face Domestic Sales Hurdles as US Ban Takes Effect
Canadian brewers, distillers and winemakers are facing fresh challenges as a US ban on many Canadian alcoholic beverage imports takes effect, limiting access to a key export market. Producers such as Saskatchewan distiller John...
Meta Expands Muse AI Agent to Small Businesses
Meta Platforms is expanding its Muse artificial intelligence agent to small businesses, adding integrations with tools such as Shopify, QuickBooks, Stripe and Canva. The move is part of the Facebook parent’s broader effort to...
UPS Signs Exclusive TikTok Shop Returns Deal
UPS has signed an exclusive deal with TikTok Shop to provide no-box, no-label returns for US sellers on the fast-growing e-commerce platform, as the parcel delivery company expands its higher-margin reverse logistics business. The...
GM Slashes Chevrolet Bolt Production Plans by 75%
General Motors is producing about 75% fewer Chevrolet Bolt electric vehicles than originally planned, with the Kansas City-area plant now expected to make roughly 35,000 units before production ends in the first quarter of...
Anthropic Eyes $2 Trillion Valuation as AI Ambitions Drive Massive Costs
Anthropic is preparing for a potential blockbuster IPO that could value the artificial intelligence startup at more than $2 trillion, according to its IPO prospectus reviewed by Reuters. The company reported revenue of nearly...