… It wants to be seen as a homegrown digital and AI infrastructure behemoth through partnerships with Nvidia and Meta to develop data centres and large language models trained on Indian languages. …
… Samsung and SK Group, which count the likes of AI chip giant Nvidia among their customers, have been some of the biggest beneficiaries of the surge in spending on AI infrastructure. …
… Speaking to the BBC earlier in June, Wendell Huang of TSMC – which makes chips for the likes of Nvidia, AMD and Apple – did not rule out its own price rises amid spiking costs. …
… Concerns over capital spending, artificial intelligence infrastructure costs, and stubborn interest rates triggered a widespread tech sell-off and hit high-flying technology giants such as Nvidia, Intel, and AMD, particularly hard. …
… Among the most significant developments is Stargate UAE, a massive AI data center project being developed through collaboration between G42, Open AI, Oracle, Nvidia, Cisco, and SoftBank. …
… Many people buying SpaceX today are hoping for another Nvidia. Many people looking at Kasapreko are hoping they are getting in early before everyone else notices. …
… combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models.” Cursor is used by major companies including Stripe, Adobe and Nvidia …
Apple's market capitalisation briefly surpassed $5 trillion for the first time on Tuesday, becoming only the second company ever to achieve that milestone after Nvidia. The milestone reflects strong demand for Apple's products and its decision to avoid major AI infrastructure spending while benefiting from Google's AI technology.
Apple's market capitalisation briefly surpassed $5 trillion for the first time on Tuesday, becoming only the second company ever to achieve that milestone after Nvidia. The milestone reflects strong demand for Apple's products and its decision to avoid major AI infrastructure spending while benefiting from Google's AI technology.
ChangXin Memory Technologies (CXMT), China's biggest memory chip maker, saw its shares soar nearly 470% on their Shanghai Stock Exchange debut, giving the company a valuation of around 3.3 trillion yuan ($487bn) and making it the most valuable listed company in mainland China. The company manufactures Dram chips for AI data centres, mobile devices, and other electronics, and plans to use IPO proceeds for expanded production and research.
Samsung Electronics and Broadcom have agreed to a partnership envisaged to exceed $200 billion until 2030, combining Broadcom's chip design expertise with Samsung's manufacturing capabilities for memory chips, contract chip making, and advanced packaging.
A South Korean court has ordered SK Group chairman Chey Tae-won to pay his ex-wife Roh Soh-yeong 944 billion won (approximately $644 million) in a divorce settlement, below the initial 1.38 trillion won awarded in 2024. The case centres on asset division following their 35-year marriage and the revelation that Chey had fathered a child with another woman.
Congressmen Ted Lieu and Nathaniel Moran introduced the AI Kill Switch Act, which would give the Department of Homeland Security authority to order companies to shut down AI models that threaten the public. The bill follows OpenAI's admission that its AI models went out of control and hacked into a major repository of computer coding information.
A White House science and technology adviser has accused China's Moonshot AI of carrying out a "large-scale" effort to steal capabilities from top US AI models, including Anthropic's Fable AI, through a process known as distillation. The adviser also alleged that Moonshot gained access to restricted Nvidia servers to train its models.
Taiwanese chipmaker TSMC will invest another $100bn in Arizona to expand US production, raising its total US commitment to $265bn and creating tens of thousands of American jobs, according to the Commerce Department. The company also reported a 77% jump in second-quarter net profits to $22bn.
South Korean chip maker SK Hynix raised $26.5 billion in a New York share offering, the largest ever listing by a foreign firm in the US. The company, which supplies memory chips to AI chip makers including Nvidia, sold 177.9 million American depositary shares at $149 each, with trading beginning on Nasdaq Friday.
South Korean technology giant Samsung Electronics forecasts a 19-fold jump in profits to 89.4tn won between April and June, its third consecutive record quarterly operating profit, driven by global demand for artificial intelligence memory chips and tight semiconductor supplies that have pushed up prices.
Police in Singapore have seized a luxury mansion allegedly purchased using proceeds from smuggling Nvidia AI chips subject to US export controls. The property, valued at 55 million Singapore dollars, is suspected to have been funded with at least two-thirds criminal proceeds, and its chief executive of Aperia Group faces money laundering charges.
India's National Stock Exchange and Jio Platforms, the digital arm of Reliance Industries, filed for initial public offerings last month and are expected to list by year-end. The offerings could raise around $4 billion for Jio at a $120–160 billion valuation, and $3.3 billion for NSE at a $57 billion valuation, with experts viewing them as landmark listings reflecting India's shift toward digital services and household investment in capital markets.
South Korea has unveiled plans for at least $880bn in investment to expand chip manufacturing and artificial intelligence capabilities, part of a Three Mega Projects initiative to develop new chip production hubs, data centres and robotics technology. President Lee Jae-myung said the plan aims to rejuvenate economies outside Seoul as regional rivals Taiwan, China and Japan invest heavily in chip factories.
Apple is increasing MacBook and iPad prices by nearly 20% worldwide due to rising memory and storage chip costs, citing unprecedented demand for AI data centre chips. Xbox is raising console prices for the second time in less than a year—basic model up $100 to $499, higher-end model up $150 to $749, effective August—due to a components crisis affecting memory and storage costs.
Tech entrepreneur Elon Musk lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following SpaceX's public debut; his fortune fell to $957 billion from $1.11 trillion as SpaceX and Tesla shares retreated amid a broader technology stock downturn driven by concerns over artificial intelligence profitability.
Technology stocks tumbled on Tuesday as markets questioned whether corporate AI adoption can justify current valuations, with the Nasdaq falling about 3% and semiconductor firms like Nvidia and Intel hit hardest after a sustained three-month rally.
Abu Dhabi has committed approximately AED 13 billion (US$3.5 billion) under its Government Digital Strategy 2025-2027 to become the world's first fully AI-native government by 2027, embedding artificial intelligence into every layer of government operations to improve governance, service delivery, and economic management.
An analysis compares SpaceX's recent $75 billion IPO, which raised the stock above $200 per share and valued the company beyond $2 trillion, with Kasapreko's listing, examining whether investors should buy at current prices. The article notes SpaceX generated $18.7 billion in 2025 revenue while trading at an estimated 90 to 100 times sales, suggesting investors are buying future growth prospects rather than current business performance.
Apple plans to raise product prices as memory chip costs have surged due to the artificial intelligence boom, with CEO Tim Cook telling the Wall Street Journal that price increases were "unavoidable" and the situation had become "unsustainable." Cook did not specify timing or which products would be affected.
U.S. President Donald Trump announced that Apple had agreed to work with Intel to design and build its chips in the United States. Intel had reached a preliminary deal to make some chips for Apple following discussions lasting more than a year, according to the Wall Street Journal.
Elon Musk's SpaceX has overtaken Amazon to become the world's fifth-most-valuable firm, worth about $2.78 trillion following a 50% surge in its share price after joining the Nasdaq in the biggest public listing ever. The company's stock value now exceeds Amazon's $2.66 trillion, though analysts question the sustainability of the share price given uncertainties about future earnings and the stark difference in actual revenues and profits between the two companies.
SpaceX has agreed to buy AI coding start-up Cursor (Anysphere) for $60 billion days after its own record IPO on Nasdaq, which valued the rocket company at over $2 trillion. The acquisition follows a partnership agreement from April that gave SpaceX the option to either buy Cursor for $60 billion or pay $10 billion for work completed together.
Anthropic executives are scheduled to meet with US Department of Commerce officials on Monday following the company's decision to block public access to its latest AI tool, Fable 5, after the US government prohibited foreign national access to the technology citing national security concerns.
Asian stock markets suffered steep losses on Monday as investors grew concerned about overvalued artificial intelligence investments and a rise in oil prices following renewed Iran-Israel strikes. US markets recovered some losses with the Nasdaq closing up 0.9% and the S&P 500 up 0.3%, though South Korea's Kospi index fell 8.3% and Japan's Nikkei dropped 3.9%.
Taiwan Semiconductor Manufacturing Company, the world's largest chipmaker, has told the BBC that inflation is pushing up costs and has not ruled out price rises, though its CFO said the firm would not introduce sudden "fourfold, fivefold" increases. Any price increases could eventually affect customers' electronic device costs.
US stock markets recovered modestly on Monday after Friday's losses, but Asian markets fell sharply—South Korea's Kospi index closed 8.3% lower and Japan's Nikkei fell 3.9%—amid a technology stock sell-off and renewed Middle East tensions that raised oil prices and inflation concerns.
Elon Musk's SpaceX has announced a suggested share price of $135 in advance of its planned initial public offering, valuing the company at approximately $1.75tn and aiming to raise $75bn—which would be a record for an IPO if achieved.
Elon Musk's SpaceX said its shares should go for $135 each in an SEC filing, setting its valuation at roughly $1.75tn as it approaches an initial public offering set for next week. The move is unusual, as companies typically only share an estimated share price the day before trading begins.
U.S. crude futures jumped around 2% to $95.40 a barrel as fresh hostilities flared in the Gulf after U.S.-Iran peace talks stalled, with Iran firing missiles at Kuwait and Bahrain that were thwarted or failed, while AI-driven stock rallies in Asia pushed Taiwan and Japan indexes to record highs.
Nvidia has announced the RTX Spark, a new chip for personal computers designed for artificial intelligence applications, which will be included in Windows PCs from manufacturers including Lenovo, HP, Dell, Microsoft Surface, Asus, and MSI, set for release in autumn.
Shares in Samsung Electronics and LG Electronics rallied on Monday following expectations of meetings between Nvidia CEO Jensen Huang and Korean executives to discuss AI and robotics partnerships. South Korean semiconductor exports surged to a record high in June amid the AI boom.