Industry News
General manufacturing and industrial news covering mergers, acquisitions, executive moves, earnings, regulations, and market trends.
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Tesla and SpaceX will invest $16.8B to start building ‘Terafab’ chip factory in Texas
After months of speculation, the companies formally announced the massive project will happen just north of Houston. — Source: TechCrunch…
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Commerce Department proposes tariffs on more steel, aluminum, copper goods
The agency wants to impose duties on derivative products ranging from brass wind instruments and floor safes to tanker trailers…
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Gymshark names new chief supply chain officer
Matt Rogers joined the fitness apparel brand in 2023 and previously held the role of global supply chain director. —…
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Chipotle pulls some jalapeños over Salmonella concerns
The brand removed peppers that its ingredient traceability system identified as potentially contaminated and replaced them with products from alternate…
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UPS, Amazon fuel surcharges help blunt higher costs
Through heightened fees on shippers, top delivery providers are limiting the impact of fuel expenses on their bottom lines. —…
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Glean’s top line crosses $300M as AI budget-cutting becomes its major selling point
The enterprise AI search startup tripled its annual revenue even as tech giants entered the category. — Source: TechCrunch —…
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Asana acquires no-code agent-builder Stack AI
Asana will incorporate Stack AI into its growing suite of AI workflow tools. — Source: TechCrunch — Read More
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Anthropic raises $65 Billion, nears $1T valuation ahead of IPO
Anthropic has closed a $65 billion Series H round at a $965 billion post-money valuation, marking what could be the…
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Here Comes Ojai, Waymo’s New Chinese-Made Robotaxi
The pale-blue Ojai vehicles will start picking up members of the public in California and Arizona today. — Source: WIRED…
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Vertu wants CEOs to run companies from an AI foldable starting at $6,880
Built on top of the open-source Hermes project, Vertu’s new foldable combines AI-agent workflows, enterprise integrations, and ultra-premium luxury finishes.…
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