News

Iron Mountain: Double-digit growth continues, fueled by data center and ALM expansion, with robust financial discipline

Iron Mountain maintains double-digit growth driven by its Matterhorn strategy, with no further restructuring planned. The company's data center and ALM businesses are expanding rapidly due to strong leasing, rising memory prices, and strategic acquisitions. Capital is primarily focused on high-return data center projects, while digital and physical storage remain robust.

Navitas Semiconductor (Nasdaq: NVTS) names Avnet global distribution partner for GaN, SiC

Navitas Semiconductor announced a global expansion of its distribution agreement with Avnet, making Avnet a strategic distribution partner for Navitas’s GaNFast and GeneSiC wide bandgap products. This move aims to provide faster global access and consistent technical support for high-power markets such as AI data centers, HPC, renewable energy, and industrial electrification, building on Avnet Silica's prior European success. The partnership assigns Avnet comprehensive commercial and engineering responsibilities to accelerate the worldwide adoption of Navitas’ GaN and SiC platforms.

Navitas Expands Global Distribution Network with Avnet

Navitas Semiconductor (Nasdaq: NVTS) has expanded its distribution agreement with Avnet (Nasdaq: AVT), making Avnet a globally franchised strategic distribution partner. This builds on an existing successful relationship with Avnet Silica in Europe and aims to support high-growth, high-power markets such as AI data centers, performance computing, energy infrastructure, and industrial electrification worldwide. The expanded partnership will provide global access to Navitas' GaN and SiC devices along with technical and commercial expertise from Avnet.

Halliburton, VoltaGrid to deliver 400 MW power systems for data centers

Halliburton and VoltaGrid have announced a collaboration to deliver 400 megawatts of modular natural gas power systems for data centers in the Eastern Hemisphere, with delivery expected by 2028. This partnership combines Halliburton's operational expertise with VoltaGrid's distributed power platform to provide lower-emission power solutions for hyperscale data centers supporting AI, cloud computing, and digital transformation. Halliburton, undervalued according to InvestingPro analysis, sees this as a significant investment to meet the unprecedented power demands of digital infrastructure growth.

ITC Infotech (PTC) receives FY25 PTC Partner Network Award in global PLM category

ITC Infotech has been awarded the PTC Partner Network Award for FY25 in the Product Lifecycle Management (PLM) category, recognizing its strong expertise, innovation, and commitment to customer value. This global award highlights ITC Infotech's leadership in PLM-led digital transformation and its strategic collaboration with PTC to drive innovation and accelerate digital transformation for customers. The company's DxP Services have been instrumental in helping enterprises modernize product development lifecycles and build intelligent solutions.

Meet the Innovators: Nurse executive explores the art of possibility, optimizing care for colleagues and patients

Erica Rossitto, Senior Vice President and Assistant Chief Nurse Executive for HCA Healthcare, leverages her passion for patient care and system organization to drive innovation. She leads the Care Team Optimization (CTO) domain within HCA Healthcare's Digital Transformation and Innovation department, developing technology like the AI-powered Nurse Handoff tool to streamline operations and reduce administrative burdens for clinicians. Her work focuses on enhancing patient care and supporting nurses, ultimately keeping them at the bedside.

SLB, Shell partner to accelerate digital and AI solutions in upstream operations

SLB and Shell have signed a strategic collaboration agreement to co-develop new digital and AI technologies to enhance performance and efficiency in upstream operations. This initiative will focus on creating agentic AI solutions and building an open data and AI infrastructure using SLB’s Lumi™ platform to support real-time decision-making and automate workflows. The partnership aims to deliver measurable performance gains, reduce operational costs, and accelerate the adoption of advanced digital solutions across the industry.

PG&E (PCG) launches dynamic line rating, asset health grid trial pilot in California

PG&E (NYSE: PCG) has launched a field demonstration of Dynamic Line Rating (DLR) and Asset Health Monitoring (AHM) technologies, aiming to increase transmission capacity, reduce congestion, and enhance grid reliability, especially during extreme weather. The project, funded by California’s EPIC program, involves an 18-month independent evaluation by EPRI and partnerships with companies like Heimdall Power, Prisma Photonics, Sentrisense, and Smart Wires. This initiative is a critical step in modernizing California's grid, unlocking capacity, and integrating more renewable energy while potentially saving customers money.

Navitas Semiconductor Expands Global Distribution Agreement with Avnet to Enhance GaN and SiC Product Reach

Navitas Semiconductor has expanded its global distribution agreement with Avnet, making Avnet a strategic partner for Navitas' GaN and SiC products. This collaboration aims to boost Navitas' reach in high-power markets, providing enhanced technical and commercial support across various sectors like AI data centers and renewable energy. Both companies anticipate that this expanded partnership will accelerate the adoption of energy-efficient solutions and streamline product access for customers worldwide.

L3Harris Demonstrates Interoperable Network to Unify Department of War and U.S. Government Agencies

L3Harris Technologies recently showcased a first-of-its-kind interoperable network that enables various U.S. federal agencies to communicate instantly across domains. This demonstration, which included tactical communications, counter-UAS, advanced imaging, and mobile operations centers, highlighted L3Harris's ability to provide rapid response capabilities for national security threats. The company emphasized its commercial business model allows for quick delivery of advanced capabilities to warfighters, stressing speed and effective communication for defense.

The west must not prevaricate when it comes to seizing Russian reserves

Ruchir Sharma