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AI & Enterprise

Marvell, Flex to join S&P 500 on June 22, boosting tech presence

Marvell Technology and Flex will join the S&P 500 index on June 22, replacing Pool and Campbell’s Company, CNBC reported. Marvell makes semiconductor components and products used to expand artificial intelligence infrastructure, while Flex is an electronics contract manufacturer. Shares rose after the announcement, with Marvell up 5 percent and Flex up 4 percent in after-hours trading. Flex provides manufacturing services to major tech firms including Apple and Nvidia.

Mobility

GM unveils mid-size electric off-roader concept Hummer X

General Motors has unveiled the GMC Hummer X, a mid-size electric off-road concept presented in SUV and pickup forms. Electrek reported the vehicle is not intended for mass production and serves as a platform to test new GM technologies. GM highlighted a low centre of gravity, instant acceleration and off-road hardware. The concept was designed in Pasadena, California, and includes a Hummer Hub app suite and a reconnaissance drone.

Industry

Samsung Electronics launches induction cooktop with built-in hood

Samsung Electronics said on Tuesday it launched a new premium induction cooktop with a built-in hood. The Infinite Line product embeds the hood in the centre of the cooktop, removing smoke and odours without a separate ceiling hood. It uses a four-stage filter structure and includes a smart mode that automatically runs the hood and adjusts suction. It supports up to 7,400W and has an energy efficiency grade 1 rating. Prices start at 4.79 million won.