Intel and New York-based private equity firm Apollo Global Management have entered a co-investment program to fund the chipmaker’s silicon wafer manufacturing plant in Ireland. According to the companies’ statement, Apollo-managed funds and affiliates will invest $11 billion to acquire 49 percent of the Irish plant’s equity, with Intel holding the 51 percent controlling interest...
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Category: Investment Security
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Rheinmetall to Build Ammunition Plant in Lithuania With Potential New Incentives; Ausrine Armonaite Quoted
Germany-based defense company Rheinmetall has signed a memorandum of understanding to build an ammunition plant in Lithuania. The Baltic country has declared the project of state importance and is receiving new incentives from the Lithuanian Ministry of the Economy and Innovation, led by Minister Ausrine Armonaite. The planned incentives include legal amendments to simplify site...
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IBM, Rapidus Extend Semiconductor Partnership to Chiplet Packaging Tech; Dario Gil Quoted
Japanese semiconductor company Rapidus and multinational technology firm IBM are expanding their partnership on developing lower-cost, high-performing 2-nanometer semiconductors to include packaging technology for the chiplets. The companies said their expanded collaboration calls for IBM to provide packaging technology to Rapidus for joint efforts on further innovation. The initial partnership agreement, announced in December 2022, calls...
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Space Engine Systems Wins Spot in $1.27B Program to Develop UK’s Hypersonic Capabilities
Space Engine Systems has secured a spot in a $1.27 billion program designed to develop the United Kingdom’s first hypersonic missile. Following its selection, the Edmonton-based aerospace company will be eligible to compete for contracts under Defence Equipment & Support’s Hypersonic Technologies and Capability Development Framework agreement. The framework will accelerate the development of the...
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Starlab Space Joint Venture Expands to Include Canada’s MDA Space; Mike Greenley Quoted
Ontario-based technology solutions provider MDA Space has joined Airbus, Voyager Space and Mitsubishi as partner and owner of Starlab Space, a joint venture for the development of a NASA-funded commercial space station. The partnership with MDA and its leadership in the space robotics industry will be pivotal for Starlab, Airbus said in a statement Wednesday....
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Idemia Joins European Consortium to Develop Quantum-Safe Data Protection Tech; Marc Bertin Quoted
Idemia Secure Transactions has joined a European consortium to design a technology that will protect sensitive data from potential quantum-enabled breaches. The Hyperform consortium, jointly supported by France and the European Union, will advance the region’s goal of creating a sovereign capability for post-quantum cryptography. According to Idemia Chief Technology Officer Marc Bertin, the collaborative...
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Ultra I&C Exhibits Mobile Communications Solutions for Canadian Armed Forces; Keith Blanchet Quoted
Ultra Intelligence & Communications showcased its mobile battlefield technologies during a field exercise conducted by the Canadian Armed Forces. The exercise, dubbed Hermes Forge, was intended to evaluate the Canadian military’s efforts to modernize and further secure its tactical network systems to meet evolving requirements. Ultra I&C said the event exhibited the speed, resilience and reliability...
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Jacobs to Help Develop New Nuclear Reactor Design for UK Industries
The United Kingdom has selected Jacobs to support developing a new nuclear reactor design for industrial purposes. The company signed a deal with the UK National Nuclear Laboratory to consult on a joint program with the Japan Atomic Energy Agency to produce high-temperature heat. Under the agreement, Jacobs will review the project’s initial designs and...
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Romanian Navy H215M to Adopt MBDA’s Marte ER Missile; Arnaud Rousset Quoted
The Romanian Naval Forces will integrate the Marte ER anti-surface warfare missile into its two Airbus H215M helicopters to provide flexible mission capability with automatic or manual navigation and salvo firing. According to the missile manufacturer, France-based MBDA, it will work on the aircraft’s missile platform integration under a contract with Romanian aerospace company IAR...
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Rheinmetall MAN Secures Contract to Provide HX Vehicles for Swedish Armed Forces’ Archer Artillery System
Germany’s Rheinmetall MAN Military Vehicles will provide the Swedish Armed Forces with highly mobile, all-terrain military vehicles. The Rheinmetall and MAN Truck and Bus joint venture secured a $79.6 million contract from BAE Systems Bofors for 48 units of the HX cab chassis with protected cabins. Deliveries will begin in the third quarter of 2024....