Browsing Tag
Ohio
128 posts
Intel and SK Hynix explore US memory-chip production as AI strains supply
Intel Corporation and SK Hynix are discussing potential US memory-chip manufacturing arrangements that could put part of Intel’s delayed Ohio semiconductor complex to work while helping the South Korean memory leader respond to soaring AI-driven demand. The talks remain exploratory, however, and any transfer of advanced memory technology could face scrutiny in Seoul.
SB Energy heads for IPO with $439bn backlog and Nvidia committing $3bn
SoftBank-backed SB Energy has filed for a Nasdaq IPO with about $439 billion of contracted backlog and 8.8 GW of data-centre capacity contracted or under construction. Yet none of its data centres is operating today, first-half revenue was only $138.7 million and the company reported a $3.21 billion net loss distorted heavily by OpenAI warrant revaluation. The listing will test how much public investors are prepared to pay today for AI infrastructure cash flows stretching decades into the future.
J.M. Smucker lifts profit and cash-flow guidance as Uncrustables passes $1bn
J.M. Smucker raises fiscal 2027 guidance as Uncrustables volume grows, while tariff refunds and Hostess weakness complicate the earnings recovery story.
Nestlé Purina opens $550m Ohio factory as US pet food capacity expands
Nestlé Purina opens a $550m Ohio factory, betting advanced manufacturing and US pet food demand can justify its biggest Purina plant investment to date.
Vext’s Ohio expansion offsets Arizona retreat as Q2 EBITDA rises 22% sequentially
Vext Science held quarterly revenue near US$12.1 million and improved adjusted EBITDA sequentially as Ohio retail growth offset the deliberate wind-down of Arizona cultivation and wholesale operations.
AEP’s $4.2bn Ohio transmission opportunity moves closer as OpenAI locks in massive AI load
OpenAI’s 20-year Ohio lease strengthens the commercial case behind AEP’s planned $4.2 billion transmission build as AI electricity demand reshapes utility investment.
BlueScope Steel (ASX: BSL) profit jumps 857% as North Star alone delivers 63% of group underlying EBIT
BlueScope profit surged 857% as North Star drove 63% of group underlying EBIT, while stronger FY27 guidance supports another A$3 per share return plan.
Midwest storms kill at least two as 99 mph winds trigger flooding and massive blackouts
Deadly Midwest storms knock out power to more than 1 million customers as 99 mph winds, flooding and a derecho leave widespread damage.
CubeSmart (NYSE: CUBE) lifts 2026 outlook as same-store NOI still falls 0.7% and payout ratio rises
CubeSmart raised 2026 guidance and formed a $197M Heitman JV, but same-store NOI still fell 0.7% and the FFO payout ratio climbed to 84.1% from 80.0%.
CenterPoint Energy (CNP) Q2 2026 beats: Houston load queue swells to 14 GW, capex plan lifted $1.2bn
CenterPoint Energy submits 14 GW of Houston load via ERCOT Batch Zero, a 65% jump over current peak, and lifts its 10-year capex plan to $66.7 billion.