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AI & Enterprise

Intel shares surge 15 percent after hours on Q1 beat, strong Q2 outlook; data center and foundry sales rise

Intel\'s shares surged 15 percent in after-hours trading after the company posted first-quarter results that beat market expectations and issued a stronger-than-expected second-quarter outlook. Revenue rose 7.2 percent to $13.58 billion, topping forecasts. Data center revenue climbed 22 percent to $5.1 billion and foundry revenue rose 16 percent to $5.4 billion. Intel posted a net loss of $4.28 billion, wider than a year earlier.

Space

Artemis II completes laser communications demonstration

The U.S. lunar mission Artemis II has demonstrated laser-based communications, showing data-transfer performance up to 100,000 times faster than Apollo 13, TechRadar reported. The optical system is aimed at handling large volumes of high-resolution images and telemetry expected from modern missions. Orion’s O2O system transmitted about 36 GB per hour, far above older radio links. NASA said weather sensitivity and ground-station requirements remain challenges.

Industry

China LED chip maker Sanan Optoelectronics drops bid for Dutch firm after U.S. security review

Chinese LED chip maker Sanan Optoelectronics has abandoned its planned acquisition of Dutch technology company Lumileds Holding after opposition from U.S. authorities. Its Malaysian partner, Inari Amertron Berhad, withdrew a $239 million cash offer after the Committee on Foreign Investment in the United States cited “unresolvable” national security risks. Sanan said CFIUS asked for the filing to be withdrawn and the deal to be abandoned, and both sides halted the process.