Apple CEO Tim Cook Announces Expanded Broadcom Deal Worth Over $30 Billion Through 2031

Elon Musk said his business empire will build and operate Terafab independently, quashing speculation that Taiwan Semiconductor Manufacturing Co. would run his ambitious chipmaking venture. In an X post on Wednesday, Musk clarified that the only matter under consideration with TSMC is a potential sublease of part of the planned Texas site, with no operational role involved. "Maybe TSMC subleases part of the Terafab if they want, but nothing more than that," he said, adding that his companies would "build and run the fab." Intel Corp. is helping Musk's companies develop the technology that will go inside the Terafab, which is expected to supply advanced semiconductors for Tesla's carmaking and robotics business and for the consolidated SpaceXAI, including the xAI group developing Grok. TSMC, whose key customers include Nvidia Corp. and Apple Inc., is separately weighing an expansive new chipmaking campus in Texas, Bloomberg News reported last week.

Space Exploration Technologies completed Starship Flight 14 to low Earth orbit, deploying a batch of Starlink satellites. The company is in advanced talks with TSMC on an exclusive manufacturing arrangement for custom AI-focused semiconductor chips. Starlink also signed a new Direct to Cell partnership with Beeline Kazakhstan to extend satellite connectivity to standard mobile phones. The company, a US-based telecom player with a market cap of $2.3 trillion, faces an FAA review and has less than 1 year of cash runway. The Starship flight, the TSMC chip discussions and the Beeline Direct to Cell deal only show part of the SpaceX story.

Uber Technologies agreed to acquire Boston-based corporate catering platform ezCater for $2.3 billion in an all-cash deal, expanding the ride-hailing company into the workplace dining market. ezCater runs an online catering marketplace connecting businesses with more than 140,000 restaurants nationwide and generated over $2.5 billion in gross bookings over the trailing twelve months, with high-teens year-over-year growth. Separately, Marvell Technology shares jumped 10% in early trading after the chipmaker raised its fiscal 2028 revenue guidance to $20 billion at its investor day, up from a prior $18 billion and above analyst estimates of $18.2 billion; Marvell also expects customer revenue in fiscal 2029 to rise 200% or more, with total revenue reaching between $70 billion and $90 billion by fiscal 2031. Lamb Weston reported first-quarter adjusted EPS of $0.75, beating the $0.59 consensus, on sales up 1%, and raised its fiscal 2027 sales growth forecast to low single digits from flat to 1% while lifting its EPS outlook to $3.05 to $3.35. NASA is preparing to buy rocket launches in bulk to secure scarce capacity for a permanent human base on the moon, a $30 billion program, evaluating purchases of four or five launches at a time with an initial round expected soon, according to moon base program manager Carlos García-Galán.