Sources: chipmaker Onsemi is in talks to acquire 16-year-old chip startup Ferric for ~$1B; PitchBook: Ferric last raised a $32.1M Series C in December 2024 (Valida Pau/The Information)

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• Sources: Fujifilm plans to increase magnetic tape production capacity fivefold to meet AI-driven storage demand, its biggest production expansion in ~20 years (Nikkei Asia)

  The company aims to boost production capacity by 500% to address the increasing need for storage solutions that can handle the demands of artificial intelligence. This move follows a period of rapid growth in the AI market and reflects Fujifilm's commitment to adapting to changing technological trends.

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• Meta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPO

  Jio Platforms' IPO, which raised $3.2 billion, saw its shares soar 21.4% on its debut, making it the country's largest-ever offering. The oversubscribed 22 times event led to a 302 billion rupee raise.

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