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U.S. defense contractor L3Harris Technologies said on Monday it will sell roughly a 60% stake in its space propulsion and power systems business to private equity firm AE Industrial Partners for $845 million, including debt. The transaction advances L3Harris’ strategy to scale back its exposure to space-related activities and sharpen its focus on defense capabilities, […]
Italy’s antitrust authority has closed an investigation into Chinese artificial intelligence system DeepSeek after the company agreed to binding commitments aimed at improving warnings about the risk of AI-generated false information. The probe, launched last June by Italy’s antitrust and consumer protection authority AGCM, focused on allegations that DeepSeek failed to adequately inform users that […]
U.S. semiconductor maker Microchip Technology raised its forecast for third-quarter net sales on Monday, citing strong customer bookings and a broad-based recovery across end markets, sending its shares up 5.6% in after-hours trading. The company said it now expects net sales of about $1.19 billion for the third quarter of fiscal 2026, exceeding its previous […]