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Envision plans Inner Mongolia data center completion by end of 2028

Envision Group plans to finish building its Galaxy Campus data center in Inner Mongolia by the end of 2028, Bloomberg reported. The Chinese renewable energy firm's project would eventually reach 3 gigawatts of capacity; that capacity is a longer-term target.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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AI Infrastructure
AI Infrastructure

Banks outline $63 billion financing plan for Anthropic compute

Financial institutions including Bank of America, Citi, Morgan Stanley and Blackstone outlined a $63 billion plan this week to finance additional AI computing capacity for Anthropic, CIO Dive reported in an article republished by Yahoo. The financial partners will buy Broadcom XPU AI accelerators and networking products and lease them to Anthropic starting in 2027.

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Infrastructure Products
Infrastructure Products

Suzhou Denglin and Hosin lead Hong Kong listing launches

Chip suppliers Suzhou Denglin Technology and Hosin Electronics led a rush of listing launches in Hong Kong on the month's last trading day, Bloomberg reported. The launches revived fundraising activity that had begun to flag after a strong run.

Bloomberg Technology
Infrastructure Products
Infrastructure Products

Intel plans to shift Panther Lake capacity toward data center chips

Intel plans to take some Panther Lake manufacturing capacity offline to produce more data center chips, Chief Financial Officer David Zinsner said on its third-quarter earnings call. The shift would replace capacity for 18A wafers with Intel 3 production in Oregon.

Tom's Hardware
Products Infrastructure
Products Infrastructure

Intel forecast misses estimates amid weak PC demand and supply problems

Intel's revenue forecast missed analysts' estimates as weak demand for PC processors and supply-chain problems with its data center components weighed on the business, Bloomberg reported. Shares plunged in late trading.

Bloomberg Technology