China's CXMT IPO and reported development of deep-ultraviolet lithography tools caused global AI-linked stock drops, particularly for chipmakers like Nvidia, SK Hynix, and Samsung. While CXMT's DRAM chips are complementary to GPUs, China's DUV tools pose a long-term challenge to ASML and potentially Nvidia, leading to significant market jitters.
Cambricon aims for 13.5B yuan in 2026 revenue and 40.5B yuan by 2027, with a 20-fold increase from previous plans; grants 5M restricted shares to over 85% of its 1,107 employees.
Chinese tech firms like Huawei and Biren Technology are developing 'supernodes'—massive AI computing clusters—to overcome AI computing power bottlenecks, despite challenges in cost, power, and scalability.
CuspAI, a Cambridge-based AI startup, secured $450m (£330m) in Series B funding from investors including Jeff Bezos and the UK government, valuing it at $2.6bn. The company aims to develop AI-powered software to discover new materials, reducing research times and reliance on rare metals for chipmakers and other industries.
Moore Threads and Hygon project 135.1%-149.1% and 55.6%-70.2% revenue growth, respectively, in H1 2026, driven by China's surging demand for AI computing power amid US export controls.
Oil prices soared and Asian stocks plummeted after the US launched new strikes against Iran, escalating tensions over the Strait of Hormuz. Brent crude rose 4.7%, while markets like South Korea's Kospi dropped 8%. Chip companies were severely hit.
South Korea plans to use record-breaking tax income from its chip industry, driven by AI demand, to fund a "future response fund." Proceeds will support industrial infrastructure, young generations, and utilities for chip plants, reflecting strong profits from Samsung Electronics and SK hynix.
Chipmakers like Micron and Intel saw their market caps triple in Q2 as investors diversified AI portfolios beyond Nvidia. This shift reflects a broader investment in semiconductor enablers and AI infrastructure.
Basic, a Chinese SiC device manufacturer founded in 2016, prepares for its public debut, aligning with China's efforts to lead in SiC technology, despite current market oversupply, with anticipated demand growth driven by 800V architectures and data center adoption by 2027-2028.
Micron and Qualcomm reported significant gains driven by AI demand, with Micron's gross margin topping major tech companies. Meanwhile, Middle East tensions led to oil price declines as tankers exited the Strait of Hormuz, and Europe experienced a record-breaking heatwave causing widespread disruption.
Dutch Trade Minister Sjoerd Sjoerdsma visited Washington to oppose the US MATCH Act, which aims to restrict Chinese chipmakers' access to Western semiconductor equipment. The bill would significantly impact ASML, Europe's most valuable company and a key supplier of lithography machines, by extending existing export curbs.
Micron's chief business officer acknowledged the growing capabilities and market share of Chinese chipmakers CXMT and YMTC, noting their output is primarily sold domestically. This validation comes as AI infrastructure spending reshapes the memory chip market, with Micron reporting record results and a strong outlook.
Global markets experienced a significant tech sell-off Tuesday, with Nasdaq down 2%, as investors shifted focus from US-Iran conflict to AI companies. Concerns over an AI spending bubble, potential Fed rate hikes, and major tech stock drops like Alphabet and SpaceX fueled the decline, impacting Asian markets as well.
Seoul stocks were trading higher late Thursday morning, with the benchmark KOSPI up 0.73% to 8,928.59, driven by retail investors buying semiconductor heavyweights like Samsung Electronics and SK hynix. The index trimmed earlier gains due to foreign selling and caution over the U.S. Federal Reserve's policy direction.
Chinese researchers, led by Huawei and multiple institutes, successfully conducted full-parameter post-training on a 1.6 trillion-parameter AI model using over 1,000 Huawei chips, enhancing China's AI self-reliance.
Technology stocks, particularly chipmakers like Broadcom and Micron, declined on Thursday due to investor concerns over AI spending and market expectations catching up with the sector's strong performance. Analysts suggest a market 'rest' is due after significant gains.
Technology stocks declined Thursday, led by chipmakers Broadcom, Micron, and Marvell, as investors exited the semiconductor sector. Concerns over AI spending slowdown and chip price drops contributed to the sell-off.
Technology stocks, particularly chipmakers like Broadcom, Micron, and Marvell, experienced significant drops in premarket trading Thursday. Broadcom shares plunged 14.6% following weaker-than-expected earnings, signaling a broader retreat from the semiconductor sector.
South Korea's Kospi index has become the world's 6th largest stock market, surpassing India, driven by AI chip demand. SK Hynix and Samsung Electronics' valuations have soared, but concerns about market concentration and potential AI bubble persist.
China's AI chipmakers are striving for self-reliance against US export controls, debating between versatile GPUs and specialized ASICs to challenge Nvidia's dominance. Key players like Huawei, Cambricon, and Moore Threads are central to this design debate.
MiniMax, a Shanghai-based AI company, hires Citic Securities to prepare for a yuan-denominated share sale on China's onshore market, capitalizing on heightened global investor interest in AI stocks.
Micron's market value tops $1 trillion as AI demand drives up shares 19%, with UBS tripling its price target to $1,625
Ultra-wealthy family offices increased investments in chipmakers like Nvidia and Micron in Q1 2026, with some seeing significant gains. Approaches to energy stocks varied amidst the Iran war, with some doubling down and others exiting positions.
South Korea's top companies saw operating profits surge 158.6% to $104 billion in Q1, with Samsung Electronics and SK hynix accounting for over 60% of the total.
