Monday, October 5, 2026 · 10:23 AM ET
M&A · Bloomberg
Schneider Electric agreed to acquire Boston-based industrial software maker PTC Inc. for roughly $22.6 billion in an all-cash deal — its largest acquisition ever — stepping up its push into the AI boom. PTC's engineering software for autos, aerospace and medical technology adds to Schneider's industrial-software offering.
Earnings · Bloomberg
Nvidia manufacturing partner Hon Hai Precision (Foxconn) reported better-than-expected quarterly revenue of NT$3.03 trillion (about $95.4 billion), up 47% year over year and ahead of analysts' NT$2.83 trillion estimate. The beat signals sustained, elevated spending on global AI infrastructure.
Chips · Bloomberg
Qualcomm agreed to license the patents underpinning Huawei's novel 'LogicFolding' chipmaking technique as part of a multiyear cross-license agreement spanning 5G devices, AI services and near- and co-packaged optics and networks — a win for Huawei's push to advance in overseas AI markets.
AI · WSJ
German robotics startup RobCo sold shares in a deal valuing it at more than $1 billion — double the level it reached earlier this year — highlighting investor enthusiasm for 'physical AI' systems. The company makes autonomous industrial robots, including a new two-armed, self-learning robot called Alfie designed to mimic a factory worker.