Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand 
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S. 
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth 
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance 
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO 
U.S. Demand for Alternative Satellite Providers Remains Strong Amid SpaceX Regulatory Push 
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals 
Google Secures Pentagon AI Deal for Classified Projects 
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
Spirit Airlines Gains Key Creditor Support for $500M Bailout Deal 
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance 
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds 
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings 
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales 
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook 
A US foreign investment watchdog has approved SK hynix Inc's acquisition of Intel Corp.'s NAND business.
SK hynix signed a deal last October to buy Intel's non-volatile memory unit for US$9 billion, which includes the solid-state drive business and a NAND flash chip plant in Dalian, China.
Following the deal, the South Korean chipmaker still needs to obtain approvals from antitrust regulators in major countries.
Intel's acquisition had to be reviewed by the Committee on Foreign Investment in the United States (CFIUS) and the Federal Trade Commission (FTC). SK hynix passed the FTC's review last year.
SK hynix will make an initial payment to Intel of $7 billion after the completion of governmental approvals late this year. It will pay the remaining $2 billion to Intel by March 2025.
SK hynix's acquisition of Intel's NAND business is projected to catapult it from being the world's fourth-largest NAND flash producer to second-largest, just behind Samsung Electronics Co.
SK hynix had a market share of 11.6 percent in the fourth quarter of 2020.
