Flextronics and Huawei has announced that they have expanded their existing supply chain partnership to include services such as reverse logistics and configure-to-order (CTO) products in Hungary. Flextronics currently provides product manufacturing and services to Huawei in China, India, Brazil. The announcement marks the fifth major region where the companies partner globally.
Flextronics and Huawei Expand Strategic Supply Chain Partnership Into Hungary
Just in
Industry
Intel appoints Kevin O’Buckley as senior VP and GM of Foundry Services
Intel announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry.
Industry
Squarespace to be acquired by Permira for $6.9B
Squarespace will be acquired by global private equity firm Permira in an all-cash transaction valued at approximately $6.9 billion.
AI
OpenAI introduces GPT-4o: A free multimodal AI model for real-time audio, vision, and text
OpenAI has announced the release of GPT-4o, a new flagship AI model that can process and generate a combination of text, audio, and images in real-time.
Industry
Microsoft plans to invest $4B in France
Microsoft announced its largest investment in France, a $4.3 billion (€4 billion) package designed to accelerate the adoption of artificial intelligence (AI) and cloud technologies in the country.
Industry
Microsoft to build $3.3B data center in Wisconsin
Microsoft announced a $3.3 billion investment package in Southeast Wisconsin. The investment, to be rolled out by the end of 2026, includes the development of a datacenter campus in Mount Pleasant.