SK hynix to expand production capacity in China as it mulls Solidigm IPO, report claims — second phase of fab could boost local production by 50%

It should be noted that SK hynix did not officially confirm the Solidigm IPO plan last week, as its regulatory filing on August 5 said that Solidigm was considering various ways to improve its competitiveness, but the fi…

Oracle plans more layoffs weeks after spending most of its $2.1 billion restructuring budget, report claims — some teams face double-digit percentage reductions

Oracle’s 10-K, filed June 22, capped the total expected cost of its Fiscal 2026 Oracle Restructuring Plan at $2.1 billion. The company recorded $1.8 billion of that in fiscal 2026, a 391% increase over the $374 million b…