STOCKHOLM, July 7, 2026 /PRNewswire/ — Skanska has signed a contract with an existing client to build a data center in Virginia, USA. The contract is worth USD 94M, about SEK 870M, which will be included in the US order bookings for the second quarter of 2026.

Work is for a new building within an existing campus and includes construction of a single-story 17,700 square meter (190,000 SF) data center, to include four colocation data halls and administrative space, full electrical, mechanical, civil, telecom, and security systems. The work includes interior fit-out and associated site/utility work, for a designed capacity of 38.4 MW.

Work will begin in October 2026 and is scheduled for completion in the second quarter of 2028.

For further information please contact:
Daniela Arellano, Communications Director, Skanska USA, tel +1 213 317 4977
Andreas Joons, Press Officer, Skanska AB, tel +46 76 870 75 51
Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

This information was brought to you by Cision http://news.cision.com.

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SOURCE Skanska

MUMBAI, India, July 7, 2026 /PRNewswire/ — IIFL Finance today said co-lending partnerships between banks and non-banking financial companies (NBFCs) can play a transformative role in expanding affordable formal credit to underserved borrowers, strengthening India’s next phase of financial inclusion.

Speaking on the evolving credit ecosystem, Mr. Mayank Sharma, Head – Gold Loan, IIFL Finance, said, “India’s financial inclusion journey must now focus on ensuring timely, responsible credit reaches entrepreneurs, farmers, self-employed professionals and MSMEs across Bharat.”

“Financial inclusion today is about enabling every aspiring entrepreneur to access affordable institutional credit. Co-lending brings together the complementary strengths of banks and NBFCs to make this possible at scale,” said Mr. Sharma.

He said, “Banks contribute low-cost capital and strong balance sheets, while NBFCs bring deep local market understanding, last-mile distribution and customer relationships in underserved geographies. Together, they can improve credit access, speed up loan disbursements and reduce dependence on informal sources of finance.”

Mr. Sharma welcomed the Reserve Bank of India’s co-lending framework, saying it provides regulatory clarity on governance, risk sharing and customer protection, creating a strong foundation for responsible collaboration between banks and NBFCs.

He also highlighted the role of the Government’s digital public infrastructure—including Jan Dhan, Aadhaar, UPI and the Account Aggregator framework—in enabling the next generation of credit delivery.

“Technology is making co-lending more efficient through digital onboarding, AI-led underwriting and consent-based data sharing. Combined with India’s digital infrastructure, it has the potential to significantly improve last-mile credit delivery,” he said.

Highlighting the importance of co-lending for India’s MSME sector, Mr. Sharma said, “Local NBFCs possess valuable insights into regional businesses and informal income patterns, allowing them to serve customers who may not fit conventional underwriting models.”

“The success of co-lending will ultimately be measured by the number of entrepreneurs empowered, businesses financed and livelihoods supported. With the enabling framework created by the RBI and the Government, co-lending can become a defining pillar of India’s next phase of financial inclusion by ensuring opportunity is determined not by geography, but by aspiration,” Mr. Sharma added.

About IIFL Finance

IIFL Finance is one of India’s leading retail-focused NBFCs, providing loans and financial solutions across gold loans, home loans, business loans, microfinance, loans against property and capital market finance, with a strong focus on expanding financial inclusion across India.

Photo: https://mma.prnewswire.com/media/3004502/Mayank_Sharma_IIFL_Finance.jpg

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MUNICH, July 7, 2026 /PRNewswire/ — The Final Determination issued by the Full Commission of the U.S. International Trade Commission (US ITC) on 7 May 2026 is upheld after the conclusion of the Presidential Review Period. This confirms that Innoscience infringes an Infineon patent concerning GaN technology, resulting in import and sales bans against Innoscience.

“This decision once again highlights the robustness of Infineon’s intellectual property. It reinforces our commitment to actively protect Infineon’s patent portfolio and uphold fair competition in the industry,” says Johannes Schoiswohl, Senior Vice President and Head of GaN Systems Business Line at Infineon. “With our industry-leading 300-millimeter GaN manufacturing, we are uniquely positioned to scale innovation and deliver the performance, quality, and cost advantages that our customers need to accelerate decarbonization and digitalization.”

This final ITC decision adds to a growing series of rulings in Infineon’s favor concerning its GaN intellectual property. In parallel disputes in Germany, the Munich District Court (Landgericht München I) already found in August 2025, in June 2026 and beginning of July 2026 that Innoscience infringes three patents and one utility model by Innoscience. The rulings of the German court prohibit Innoscience from importing, selling, and marketing patent-infringing products in Germany. Furthermore, the court has ordered Innoscience to pay damages to Infineon.

GaN plays a pivotal role in enabling high-performance and energy-efficient power systems in a broad range of applications, including renewable energy systems, data centers, industrial automation, and electric vehicles (EVs).

Infineon is a leading integrated device manufacturer (IDM) in the GaN market with the industry’s broadest IP portfolio, comprising approximately 450 GaN patent families. GaN plays a pivotal role in enabling high-performance and energy-efficient power systems in a broad range of applications, including renewable energy systems, AI data centers, industrial automation, and electric vehicles (EVs). With higher power density, faster switching speeds, and lower power losses, GaN semiconductors enable smaller designs, reducing energy consumption and heat generation. As a leader in power systems, Infineon is mastering all three relevant materials: silicon (Si), silicon carbide (SiC) and gallium nitride.

About Infineon

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 57,000 employees worldwide (end of September 2025) and generated revenue of about €14.7 billion in the 2025 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

Further information is available at www.infineon.com
This press release is available online at www.infineon.com/press
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