Nvidia has agreed to invest up to $3 billion in Blackstone-backed power infrastructure developer Lancium, which operates the Stargate data center campus in Texas. The deal includes an initial $2 billion investment for approximately 20% equity stake, with an additional $1 billion commitment as Lancium secures more power capacity.
Abu Dhabi sovereign wealth fund Mubadala Investment Co. is considering investing up to ¥1 trillion ($6.3 billion) in a 500-megawatt AI data center in Akita, Japan, as part of a larger ¥2 trillion project led by U.S. AI startup Bitgrit and Japanese IT company S2. The facility would be one of Japan's largest AI data centers, leveraging the region's renewable energy resources including wind power and water supplies.
Firmus Technologies has secured $2 billion in strategic equity funding at a valuation exceeding $10.5 billion, nearly doubling its valuation in four months. The round includes investments from Nvidia, Blackstone, Coatue, and other investors to expand AI data center infrastructure across Australia and Asia-Pacific.
Advanced Micro Devices reported second-quarter revenue of $11.54 billion, up 50% year-over-year and beating Wall Street estimates, with data center sales more than doubling. Despite projecting Q3 revenue of $13 billion above analyst expectations, the stock declined in extended trading as the strong results failed to exceed sky-high investor expectations.
Taiwanese chipmaker MediaTek has approved a $5 billion discretionary financing framework to accelerate its expansion into AI data center chips as smartphone revenue declined 20% year-over-year in Q2 2026. CEO Rick Tsai announced the company is raising its 2027 AI accelerator market share target from 15% to 20%, with its first AI accelerator ASIC entering mass production in Q4.
South Korea unveiled a massive industrial strategy with over $576 billion in investments from Samsung Electronics and SK Hynix to build semiconductor manufacturing hubs and AI data centers, aimed at cementing the country's global leadership in chips and artificial intelligence.
Nvidia announced a strategic partnership with data center operator IREN that includes an investment of up to $2.1 billion and plans to deploy up to 5 gigawatts of AI infrastructure to meet surging demand for artificial intelligence computing power. IREN shares initially surged in extended trading before giving back most gains.
Bitcoin miner Core Scientific announced plans for a $3.3 billion speculative-grade debt offering to refinance short-term debt and scale AI data center infrastructure, with six facilities leased to CoreWeave expected to generate $10 billion in revenue.
