Reuters

(Reuters) - Micron Technology on Tuesday slightly raised its capital expenditure forecast for 2024, as the U.S. chipmaker invests heavily to make high bandwidth memory (HBM) semiconductors to meet surging demand from the AI industry.

WHY IT'S IMPORTANT

Boise, Idaho-based Micron is one of the three large providers of HBM chips, an essential part of the hardware used in artificial intelligence servers. Its advanced HBM3E will be used in AI... (continue reading...)

MOSCOW (Reuters) - Russian forces have started the first stage of military drills "involving practical training in the preparation and use of non-strategic nuclear weapons" in the Southern Military District, the Defence Ministry said on Tuesday.

President Vladimir Putin gave an order earlier this month for the drills to be held.

The ministry said the first stage of the exercise involved Iskander and Kinzhal missiles.

The... (continue reading...)

By Scott DiSavino

(Reuters) - Power use in Texas broke the record for the month of May on Monday and will likely top that high over the next week as homes and businesses keep their air conditioners cranked up to escape a spring heat wave.

Extreme weather in Texas is a reminder of the February freeze in 2021 that left millions without power, water and heat for days and resulted in over 200 deaths as the state's grid operator scrambled to... (continue reading...)

By Thomas Escritt

BERLIN (Reuters) - German officials rejected any comparison between Hamas and Israel, after the International Criminal Court's prosecutor asked judges to issue arrest warrants for Prime Minister Benjamin Netanyahu and the Palestinian militant group's leaders.

The request posed a quandary for Germany, a member of the ICC with a long-standing policy of standing behind a "rules-based international order", because of its... (continue reading...)

(Reuters) - Boeing will invest a total of C$240 million ($176 million) in three Canadian aerospace development projects as part of an agreement to sell Poseidon military surveillance planes to Ottawa, the company said on Tuesday.

Canada and the United States reached a C$5.9 billion deal agreement last November for the purchase of up to 16 Poseidons and related equipment. As part of the agreement, Boeing agreed to invest in Canadian enterprises.