> ## Documentation Index > Fetch the complete documentation index at: https://docs.gdeltcloud.com/llms.txt > Use this file to discover all available pages before exploring further. # Industrial capacity > What each `CORPORATE` code means — definition, inclusions and exclusions for all 8 codes. **This page is the DICTIONARY.** It says what each code MEANS — the definition the coder applies, and what the code includes and excludes — so you can decide whether it is the right one. For the full value list and how the codes nest, use the [complete event taxonomy](/reference/taxonomy-complete). Corporate structure, production, technology development, and capital allocation events Filter with `GET /api/v2/events?family=cameoplus&cameoplus_domain=CORPORATE`, or on a specific `subcategory` code below. Every code in this domain starts `CO`. Goldstein does not apply to this domain — see the [domain index](/reference/codes-domains). **How the metrics read in this domain.** magnitude is an impact tier scaled to deal/event size; systemic\_importance asks whether others DEPEND on the company — a large firm is not automatically a systemic node, an unsubstitutable supplier is ### `CO01` **MERGER OR ACQUISITION** A corporate combination event: M\&A announcement (binding agreement signed), hostile takeover bid launched, acquisition completed (regulatory approval granted), major divestiture or spin-off creating independent entities. Code at announcement of binding agreement OR at completion — not at early discussions. **Also covers** * Microsoft announces acquisition of Activision * TSMC acquires 20% stake in chip designer * Bayer completes Monsanto acquisition * Intel divests infrastructure software unit **Does not cover** * CO06 > CO01 (a regulator blocking a merger codes as CO06, not CO01). ### `CO02` **BANKRUPTCY OR RESTRUCTURING** A corporate financial distress event: Chapter 11 or equivalent insolvency filing, administration or receivership, out-of-court debt restructuring agreement with creditors, formal liquidation, creditor-driven restructuring plan approved. Must be a formal legal or financial proceeding, not a restructuring plan announcement. **Also covers** * SVB Financial Group files Chapter 11 * Evergrande placed under court-ordered liquidation * Yellow Corporation files for bankruptcy * Steinhoff reaches debt restructuring with creditors **Does not cover** * CO02 > CO05 (a bankruptcy coinciding with a failed capital raise codes as CO02). * If a company's bankruptcy triggers a market stress event, code ECONOMIC (EC05) as the primary event if the systemic financial impact is greater than the corporate distress itself. ### `CO03` **PRODUCTION CAPACITY CHANGE** A structural change in production, manufacturing, or supply chain geography: factory opening or closing, major production expansion or announced shutdown, supply chain relocation (nearshoring/reshoring), significant production output change due to structural decision (not market conditions), major spin-off creating new industrial entity. Includes critical minerals processing and refining facility milestones (lithium, cobalt, rare earths, nickel — strategically important to battery and semiconductor supply chains). Commercial hyperscale data center construction, opening, or expansion by private technology companies codes here (CO03) or as CO05 if the primary framing is capital commitment rather than physical capacity. **Also covers** * TSMC breaks ground on Arizona fab * Ford closes Almussafes plant * Apple shifts MacBook production to Vietnam * BASF announces permanent closure of ammonia plant * Rio Tinto opens lithium hydroxide refinery (critical minerals capacity) * Microsoft completes hyperscale data center campus construction in Iowa **Does not cover** * CO08 > CO03 (a sudden supply chain disruption that also represents a capacity change codes primarily as CO08). ### `CO04` **TECHNOLOGY DEVELOPMENT MILESTONE** A corporate-sector technology achievement: major product launch (new AI model, flagship chip, breakthrough product), manufacturing process node milestone, significant patent grant with market impact, licensing deal for critical technology. Distinct from TE01 (AI capability) — this is the commercial/industrial product event, not a pure research capability. **Also covers** * NVIDIA releases Blackwell GPU architecture * Samsung announces 2nm process yield breakthrough * OpenAI launches GPT-5 API commercial tier * ASML ships first High-NA EUV system **Does not cover** * If it is a research capability milestone (e.g., AGI benchmark, military AI test) → TE01 or TE02. * If it is a government export control on technology → TE05 or EC04. ### `CO05` **CAPITAL ALLOCATION EVENT** A major corporate capital deployment decision: investment commitment >$1B, IPO or direct listing, secondary offering of strategic scale, major share buyback authorization ($10B+), significant venture funding round >$500M for a strategically important company. Includes sovereign wealth fund and strategic investor acquisitions. Large-scale hyperscale data center investment announcements (>$1B capital commitment by a private company) code here when the article's primary framing is the capital commitment rather than the physical facility. Government-designated sovereign AI or national compute facility investments → TE06. **Also covers** * Saudi Aramco IPO * Apple announces \$90B share buyback * SoftBank commits \$100B to AI fund * \$1.2B Series D for Anthropic * Microsoft announces \$10B data center investment program across five states ### `CO06` **REGULATORY OR LEGAL ACTION** A government or judicial action affecting a corporation's structure, operations, or market power: antitrust ruling (blocking merger, ordering breakup), major fine (\$1B+) for systemic violation, license revocation or suspension, national security review outcome (CFIUS block), forced divestiture order. The action must be a DECISION or RULING, not just an investigation opened. **Also covers** * EU blocks Adobe-Figma merger * FTC obtains preliminary injunction against Microsoft-Activision * CFIUS orders Chinese company to divest US business * UK CMA orders Meta to sell Giphy ### `CO07` **LEADERSHIP OR GOVERNANCE CHANGE** A significant change in corporate control or leadership: CEO departure or appointment with strategic significance, board composition change with control implications, major shareholder action (activist campaign win, proxy fight result), government-ordered management change, nationalization or privatization. Use when the governance change itself signals strategic shift. **Also covers** * Elon Musk acquires Twitter control * Intel board fires CEO * UK government nationalizes Bulb Energy * activist investor wins three board seats at major defense contractor ### `CO08` **SUPPLY CHAIN SHOCK** A sudden, unplanned, structural disruption to a critical supply chain caused by a single identifiable trigger event: major supplier shutdown or bankruptcy affecting multiple downstream industries simultaneously, single-point-of-failure component or material disruption (a sole-source supplier halting production), port or logistics hub closure with cross-sector cascading impacts, critical mineral or commodity export ban creating immediate supply gaps. Distinguished from CO03 (planned capacity change) by its sudden nature and multi-industry cascading effect. Distinguish from EC04 (government trade policy) — CO08 is a corporate or physical disruption event, not a policy action. **Also covers** * ASML halts EUV shipments due to US license revocation affecting all advanced chip fabs * major specialty gas plant explosion eliminates sole domestic supplier critical to semiconductor production * DRC bans cobalt exports creating immediate battery supply gap across auto and electronics sectors * single port closure disrupts automotive just-in-time supply chains across three countries **Does not cover** * CO08 with systemic financial market impact → consider EC05 as primary.