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NEWS CENTER
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Accelerated Exit: Nokia to Close Hangzhou R&D Center
In August, Nokia announced plans to close its R&D center in Hangzhou, involving the layoff of approximately 1,600 employees. This marks a new phase in Nokia's strategic contraction in China, moving from the layoff of 2,000 employees two years ago to the complete shutdown of the R&D cente...
Monday 17 August, 2026
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IBM and Together AI Sign $240 Million Agreement
On August 11, 2026, IBM and Together AI officially signed a multi-year cooperation agreement worth $240 million. The two parties will deploy a large-scale AI computing cluster on IBM Cloud, dedicated to inference services for open-source AI models. The cluster is expected to go live in Q1 2027.Strat...
Thursday 13 August, 2026
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Intel Raises $15 Billion to Accelerate Chip Manufacturing
On August 10, Intel announced plans for an underwritten public offering of $15 billion in common stock to strengthen its financial position and support future business expansion. The offering is jointly led by JPMorgan, Goldman Sachs, Morgan Stanley, and Citigroup as bookrunners, with underwriters g...
Wednesday 12 August, 2026
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