Friday, November 13, 2026
Siemens Energy said on 11 November 2026 that orders rose to €68.1 billion and revenue to €44.2 billion in the year to September, and that net income more than doubled to €4.1 billion. Its order backlog reached a record €164 billion. It proposed a dividend of €2.30 a share, up from €0.70.
Caterpillar's sales rose 17 per cent to $20.7 billion in the third quarter and adjusted profit was $7.20 a share, the company said on Thursday. Its order backlog reached a record $78 billion, up about $38 billion from a year earlier. It expects construction equipment volume to fall modestly in the fourth quarter as dealers shrink their stocks.
3M disclosed on 19 October that it issued a warrant to a wholly owned Amazon subsidiary for up to 3,162,015 shares at $164.89 each, exercisable over seven years. Eighty-five per cent of it vests as Amazon pays for optical connectivity and other data center products, fully at $6 billion of cumulative payments. 3M has not described the milestones for the rest, or how it will account for the warrant.
Google has signed power deals with Black Hills in Wyoming and Constellation in the PJM grid, and JERA, Dell and RHAELM plan a behind-the-meter AI campus in Japan. But Oracle's force majeure notice on Project Jupiter in New Mexico is a reminder that fuel, permits and land can stall even well-funded builds.
Marvell Technology raised its fiscal 2028 revenue forecast to about $20 billion at its investor day on Tuesday, above the $18.2 billion analysts expected, and introduced a first-ever fiscal 2031 revenue range of $70 billion to $90 billion. From fiscal 2026 revenue of $8.2 billion, the targets imply compound annual growth above 50 percent for five straight years, powered by custom AI chips, networking and optical interconnects for data centers.
The leaders of the two Senate committees that oversee energy and the environment released a 400-page permitting bill on 30 September. It would set two-year deadlines for environmental reviews, give opponents 150 days to sue, make it harder for any administration to block a whole class of energy projects and require data centers to pay all of their transmission costs. The Senate does not return until after the election.
The world's chipmakers sold $159.7 billion of semiconductors in August, 144 per cent more than a year earlier, the Semiconductor Industry Association said on Monday, and passed $1 trillion for the year to date. In February the industry's forecast for all of 2026 was roughly $1 trillion. It is now more than $1.6 trillion. Micron's results show how much of the jump is price.
The Computer & Communications Industry Association and four other technology trade groups wrote to President Trump on Friday warning that broad Section 232 tariffs on semiconductors, robots and industrial machinery would raise the cost of building AI data centers and factories. Advanced chips bound for American data centers are exempt from the 25 per cent tariff imposed in January. A second phase under discussion may end that.
Spending on data center construction reached a seasonally adjusted annual rate of $85 billion in August, the Census Bureau said, up 73 per cent in a year. Spending on computer, electronics and electrical factories, the category that includes chip plants, has fallen to $52 billion from $126 billion in mid-2024. Without data centers, private nonresidential construction is down about 6 per cent on a year ago.