SAMSUNG LANDS $200B+ BROADCOM CHIP DEAL
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Samsung Electronics secured a contract worth over $200 billion to manufacture chips for Broadcom through 2030. The deal focuses on advanced 2nm and below process technologies as both companies compete for a larger share of the AI infrastructure market.
■ MORE FROM THE BUSINESS DESK
Southeast Asia's largest ride-hailing and food-delivery platform Grab is in negotiations to acquire a majority stake in Singapore-based buy-now-pay-later firm Atome Financial, according to sources familiar with the discussions.
Elon Musk's Boring Company secured $3 billion in fresh capital from UAE-backed investors, pushing the tunneling startup's valuation to $23 billion.
Freightos founder is calling for board changes and the removal of Chairman Udo Lange, blaming him for a 62% stock price decline during his tenure at the cargo booking platform.
Stonepeak's Mike Dorrell sees significant investment opportunities in digital infrastructure as hyperscalers ramp up global data center and AI infrastructure buildout.