World

US Defence Secretary estimates war with Iran cost US $37.5 billion

Jul 22, 2026

Washington [US]July 22: The war with Iran has cost the US some $37.5 billion so far - an increase of nearly $8 bn since the last estimate in May, Defence Secretary Pete Hegseth said.
Hegseth gave the estimate during a Senate Appropriations Committee hearing.
Hegseth told lawmakers at a hearing in Washington that the $37.5 billion included certain aspects of the war as well as anticipated costs through September 30.
He said he was seeking $87bn in congressional funding for his department, with $67bn of that destined for operations in the Middle East.
Source: Emirates News Agency

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MetaOptics to Deploy its Direct Laser Writer at the University of Arizona's Center of Semiconductor Manufacturing to Advance its U.S. Expansion

Singapore, July 22: MetaOptics Ltd (Catalist: 9MT) ("MetaOptics" or the "Company," and together with its subsidiaries, the "Group"), announced that it has entered into an agreement to deploy its key metalens Direct Laser Writer ("DLW") system at the University of Arizona's Center of Semiconductor Manufacturing (the "University"). The agreement marks a critical step in advancing its U.S. expansion strategy and its collaborative research with world-class semiconductor stakeholders in Arizona. Installation of the DLW is expected to commence in 2027.

Jul 22, 2026