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Business

Lam Research Forges Strategic Alliance with CEA Leti, Bolsters Leadership Amid Surging AI Chip Demand

Semiconductor equipment giant Lam Research announces a multi-year R&D partnership with French research institute CEA Leti to pioneer next-generation chip technologies for AI and high-performance computing. The move coincides with key leadership changes, including the appointment of Cadence CEO Dr. Anirudh Devgan to its board, signaling a strategic push to integrate design and manufacturing.

Business

KKR, Singtel Consortium Seizes Full Control of STT GDC in Landmark $5.2 Billion Deal

A consortium led by KKR and Singapore Telecommunications has agreed to acquire the remaining 82% stake in ST Telemedia Global Data Centres for S$6.6 billion, taking full ownership of one of Asia's largest data centre platforms. The deal, valuing STT GDC at S$13.8 billion, marks Southeast Asia's largest-ever data centre transaction and underscores the fierce competition for digital infrastructure assets.