Schneider Electric Buys PTC in a $23.7 Billion Industrial AI Bet | Oct 5 Tech Update

Schneider Electric agreed to buy PTC, the maker of Creo design software, for $205 a share in cash, a deal with an implied enterprise value of $23.7 billion that it expects to close by the third quarter of 2027. Foxconn's third-quarter revenue jumped 47% to a record, beating estimates compiled by Bloomberg, and its September sales topped NT$1 trillion for the first time on AI server orders.

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