USA Rare Earth to invest $1.2B in South Carolina magnet factory
The project is expected to create 490 jobs and will be supported by recently approved CHIPS Act funding. The U.S. government will become one of the company’s largest shareholders.
Data center construction boom driving historic manufacturing opportunities
AI and industrial automation may be the hot topics for investors and technology companies lately, but plenty of companies still haven’t made the investment for numerous reasons.
Trump further tweaks steel, aluminum, copper tariffs
A greater range of industrial and agricultural equipment made with the metals will temporarily see a reduced 15% levy starting June 8, per the White House.
FGas engine maker Innio aims for $20.3B valuation in IPO
The General Electric carve-out is looking to raise funds for continued expansion to meet AI-driven data center demand. It is backed by private equity firm Advent International.