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Cranberry Journal

Friday, October 23, 2026

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At the close · Oct 23

Data Centers

Tagged stories

A bundle of optical fibres carrying blue light, their cut ends glowing against a dark background.
Technology

3M Gave Amazon a Warrant for 3.16 Million Shares at $164.89. Most of It Vests Only After Amazon Pays 3M $6 Billion for Data Center Gear.

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.

By Alison Acosta  

Ethernet cables plugged into the ports of a network switch, in warm low light.
Technology

Marvell Raises Its 2028 Revenue Target to $20 Billion and Sketches a Road to $90 Billion

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.

By Cory Chamberlain  

A line of steel lattice transmission towers carrying high-voltage lines across flat, freshly tilled farmland, with wind turbines on the horizon.
Explainer

The Senate's Permitting Deal Would Give Opponents 150 Days to Sue. It Would Also Send Data Centers Their Grid Bill.

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.

By Margaret Holloway  

A green computer memory module with a row of black memory chips lies on a light wooden surface, photographed close up with a shallow depth of field.
The Numbers

Chip Sales Passed $1 Trillion by August. In February, That Was the Forecast for the Whole Year.

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.

By Alison Acosta  

A computer processor held upright by black tweezers, its gold contact pads facing the camera, against a plain grey background.
AI

Five Tech Groups Asked Trump to Spare Data Centers From Chip Tariffs. For Now, They Are Exempt.

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.

By Alison Acosta  

Several tall construction cranes over a building site and rows of houses at sunset, with mountains behind, in Lehi, Utah.
The Numbers

America Now Spends More Building Data Centers Than Chip Plants. Most Other Private Building Is Shrinking.

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.

By Margaret Holloway