By shipments in the NAND flash market in 2Q26, Samsung (005930.KS), SK hynix Inc. (SKHY.US) and YMTC accounted for 25%, 22% and 14% market share respectively, data from market research firm Counterpoint showed. This marked the first time that YMTC entered the top three globally by market share.

However, by revenue, YMTC ranked fifth in the industry, behind Micron Technology, Inc. (MU.US) and Kioxia (285A.JP), mainly because its product mix is concentrated in consumer applications, while the proportion of higher-priced enterprise SSDs for data centers is relatively low.
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SHENZHEN, China, Aug. 12, 2026 /PRNewswire/ -- nubia, a highly personalized and lifestyle smartphone brand committed to bringing pro-level gaming to everyone, announced the global rollout of nubia Neo 5 Max, introducing a new PadPhone category that combines the expansive viewing experience of a compact tablet with the portable control of a gaming console. Built around a segment-leading 7.5-inch display, nubia Neo 5 Max brings together pad-level immersion, console-level control, immersive audio-visual feedback and AI-powered gaming assistance in one versatile device for gaming, entertainment and everyday productivity.

"As games become more immersive and young players spend more of their digital lives on mobile devices, the gaming smartphone needs to evolve into a true personal hub," said Bai Keke, Vice President of ZTE. "At nubia, we are committed to making flagship-level gaming technologies accessible to a broader audience. nubia Neo 5 Max brings the PadPhone concept to life by integrating industry-leading control engineering, a pioneering thermal architecture and flagship-level tuning, where players can play harder, watch bigger and do more wherever they are."

All-in-One Hub with 7.5-inch Display Leads the New Way for Gaming and Living

nubia Neo 5 Max brings the PadPhone concept with its segment-leading 7.5-inch 1.5K display, delivering 27% more visible area than nubia Neo 5 5G. Featuring an 18.7:9 golden aspect ratio for a more focused gaming experience, the device enlarges enemy outlines by 40% in FPS games. It carries SGS-certified hardware-level eye-care certification for full-scene low blue light and true DC dimming, combined with self-developed eye-caring software functions and smart eye-use reminders, keeping players comfortable every round.

Multiple adaptive modes unlock full potentials of the expansive 7.5-inch display, transforming it into a versatile all-in-one hub. Landscape Mode with protective case stand converts it into a personal mini-TV. E-Ink Mode delivers ink-screen-like visuals for eye-comfort reading, while Controller and Streaming Modes provide responsive, low-latency AAA game casting. For ultimate efficiency, Floating Window and Split-Screen Modes enable seamless multitasking.

Console-Level Control Meets Full-Sensory Immersion

nubia Neo 5 Max features Neo Triggers 5.0 with a 990Hz sampling rate and 4.7ms hardware response latency for fast execution across aiming, firing, moving, and skill activation in a flexible four-finger mode. Designed around C-grip holding style, its 7.5-inch golden control ratio expands the touch area by 27% and widens key spacing by 21% over conventional layouts. Magic Touch 3.0 filters accidental inputs from wet or oily fingers, while a high-precision gyroscope sharpens rotational control, and the 360° Game Antenna ensures stable connectivity.

Dual real symmetrical speakers deliver 300% louder volume accompanied by an anti-obstruction audio design. Powered by Dolby Atmos immersive audio, nubia Neo 5 Max delivers a richer sound experience with incredible depth, clarity, and details that connects users more deeply with their favorite games, movies, music, and more. Z-axis linear motor and RGB Eagle Eye lighting complete the gaming experience by providing haptic feedback for in-game actions and dynamic RGB lighting effects.

30,000mm²+ Cooling System and 7,100mAh Dual-Cell Battery for Marathon Gaming

nubia Neo 5 Max pairs a MediaTek Dimensity 7100 6nm chipset, LPDDR5X memory and UFS 2.2 storage with the NeoTurbo Engine for robust performance, steady frame rates and power efficiency. This model is built with a pioneering 30,000mm²+ cooling system that improves heat-dissipation efficiency by 140% through a dual-layer capillary vapor chamber that expands vapor-liquid circulation pathways and a 3D stamped VC panel for faster heat dissipation. AI Game Space 5.0 provides quick access to gaming tools and intelligent assistance. AI Copilot Demi 2.0 acts as a gaming coach and companion, offering real-time guidance, battle updates and game-related support for players.

A 7,100mAh super dual-cell battery distributes power more efficiently, helping reduce heat and support long-term battery reliability during demanding use. While gaming, Bypass Charging powers the device directly without heating the battery. Even at 5% battery, 5% Extreme Mode keeps players gaming for up to 22.9 minutes.

nubia Neo 5 Max is available first in Southeast Asia as part of its global rollout, coming in Shadow Black, Titanium Gold, and Cyber Silver, offering configurations of 20GB (8GB + 12GB) RAM with 256GB storage or 512GB storage.

MEDIA INQUIRIES:
ZTE Corporation
Communications
Email: [email protected]

Norway's sovereign wealth fund, the world's largest sovereign wealth fund, charted a record profit of NOK1.75 trillion (approximately USD184.3 billion) in 1H.

As of the end of June, the fund held a 0.05% stake in SpaceX (SPCX.US), valued at USD1.22 billion. Compared with the fund's holdings in other technology stocks, the stake size was relatively moderate.

The fund held a 1.28% stake in NVIDIA Corporation (NVDA.US), valued at USD62 billion, and a 1.24% stake in Apple Inc. (AAPL.US), valued at USD52 billion, data showed. Meanwhile, the fund also held stakes in Alphabet Inc. (GOOGL.US), Microsoft Corporation (MSFT.US) and TSMC.
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Morningstar senior equity analyst Brian Colello said NVIDIA Corporation (NVDA.US) recently announced strategic partnerships with six major financial institutions, namely Apollo Global Management (APO.US), Blackstone Inc. (BX.US), BlackRock, Inc. (BLK.US), Brookfield Asset Management Inc (BAM.US), Goldman Sachs Group, Inc. (GS.US) and KKR & Co. Inc. (KKR.US), with the aim of establishing an AI computing infrastructure financing platform.

The plan involves deploying more than USD500 billion of third-party capital into AI infrastructure development. Colello believed NVIDIA's consolidation of financial partners to channel long-term capital into AI infrastructure construction will reinforce its core position in the AI ecosystem.

The firm upheld its fair value estimate of USD280 per share for NVIDIA and continued to believe that the company's medium- and long-term growth prospects are underestimated. The cooperation is in line with NVIDIA's overall strategy of driving rapid growth in its AI business.
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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

NVIDIA Corporation (NVDA.US) plans to pour USD2 billion for a strategic stake in optical module leader ZJ INNOLIGHT (03308.HK), primarily for investment in next-generation optical module R&D, global capacity expansion and construction of a new factory in Thailand, according to hearsay.

Besides, NVIDIA reportedly intends to become a cornerstone investor in the Hong Kong IPO of EOPTOLINK (300502.SZ).

Representatives related to ZJ INNOLIGHT and EOPTOLINK both responded that they were unaware of the rumors and that all information should be based on company announcements.
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NVIDIA Corporation (NVDA.US) recently announced partnerships with six top-tier financial institutions, namely Apollo Global Management (APO.US), BlackRock (BLK.US), Blackstone (BX.US), Brookfield (BN.US), Goldman Sachs (GS.US) and KKR & Co. Inc. (KKR.US), to mobilize more than USD500 billion in third-party capital through an independent platform to finance the development of AI infrastructure, BofA Securities published a research report stating.

The broker viewed the move positively, expecting the financing burden to rest on the consortium rather than solely on NVIDIA's balance sheet, thereby diversifying risks. It also estimated that the company's previous direct equity investments of around USD70 billion in ecosystem partners such as OpenAI represented only about 15% of its forecast free cash flow of around USD469 billion for 2026-27, implying limited impact on shareholder returns.

The broker reiterated its Buy rating and top pick status on NVIDIA, with a target price of USD350. The broker regarded the upcoming earnings results would be the next key catalyst.
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Receives More Than 27,000 Claims With Estimated Payouts Exceeding RMB 650 Million

HONG KONG and SHANGHAI, Aug. 12, 2026 /PRNewswire/ -- In response to Typhoon Dolphin, the 13^th typhoon of the year, which has triggered red alerts for torrential rainfall across multiple provinces in China, including Zhejiang, Jiangsu, Anhui, Hubei, and others, Ping An Insurance (Group) Company of China, Ltd. ("Ping An," the "Company" or the "Group"; HKEX: 2318; SSE: 601318) immediately activated its emergency response mechanism and established a dedicated task force to coordinate disaster relief and customer support efforts.

Across its life, property and casualty, health, and annuity insurance businesses, Ping An has activated fast-track claims services and 24-hour customer hotline, 95511, to provide timely assistance and claims support to customers affected by the storm.

As of 2:00 p.m. on August 11, Ping An Property & Casualty Insurance ("Ping An P&C") received more than 27,000 typhoon-related claims, with estimated payouts exceeding RMB650 million. Ping An Life Insurance has received one claim and is actively assisting the customer through the process. As of the same date, no related claims have been reported to Ping An Health Insurance or Ping An Annuity Insurance.

Technology-Driven Risk Prevention Supports Disaster Preparedness

Ahead of the typhoon's landfall, Ping An P&C leveraged its proprietary "Eagle Eye DRS Risk Reduction Platform" to continuously monitor the storm's trajectory and deliver targeted weather alerts and disaster prevention guidance.

As of 2:00 p.m. on August 11, the company issued more than 48.99 million alerts, reaching 22.25 million individual customers and 1.16 million corporate clients. Ping An P&C also inspected 2,458 flood-prone locations, assisted in relocating more than 2,770 vehicles exposed to flood risks, and supported local traffic authorities in closing more than 200 high-risk road sections.

In the agricultural sector, Ping An delivered more than 6.64 million disaster alerts and risk mitigation notifications to 534,000 farmers through its app and SMS channels. The company also helped high-risk farming communities reinforce facilities and supported the emergency harvesting of more than 88,000 mu of rice ahead of severe weather conditions.

Deploying Resources to Accelerate Relief and Recovery

To address flood-related losses and secondary geological hazards caused by heavy rainfall, Ping An P&C has deployed 1,866 specialists, including flooded-vehicle claims specialists, new-energy vehicle battery system experts, and auto glass repair specialists.

The company has also mobilized 425 rescue tow trucks and more than 4,000 pieces of emergency equipment and supplies, including flood-control sandbags and water barriers, to support rescue and recovery efforts.

Ping An will continue to closely monitor weather developments and coordinate resources across the Group to provide timely emergency assistance, efficient claims settlement, and ongoing customer care.

Individuals in need of assistance, whether they are Ping An customers or not, may contact the Group's 24-hour service hotline on 95511. If necessary, Ping An will also activate its Global Emergency Assistance Service to provide additional support.

About Ping An Insurance (Group) Company of China, Ltd.

Ping An Insurance (Group) Company of China, Ltd. (HKEX:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-enabled "integrated finance + health and senior care" dual-pronged strategy, the Group provides professional "financial advisory, family doctor, and senior care concierge" services to its over 250 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses' quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in Hong Kong and Shanghai. As of the end of December 2025, Ping An had more than RMB13 trillion in total assets. The Group ranked 26th in the Forbes Global 2000 list in 2026, 48th in the Fortune Global 500 list in 2026, and ranked AAA in MSCI ESG Ratings in 2025.

For more information, please visit the www.group.pingan.com and follow our LinkedIn page - PING AN.

Tesla, Inc. (TSLA.US) is evaluating strategic options to spin off its Shanghai operations amid concerns that it could affect a merger with SpaceX (SPCX.US), reports suggested.

Elon Musk strongly dismissed the report, saying the matter had never been discussed. He also described China as awesome and encouraged people to visit the country.

As SpaceX holds a large number of US government and national security contracts, a merger with Tesla could raise scrutiny over how Tesla's manufacturing and commercial interests in China would coexist with SpaceX's sensitive US businesses.
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Apple Inc. (AAPL.US) long-serving Vice President of Apple Pay and Wallet Jennifer Bailey announced that she will retire in October, becoming the latest senior executive transition at Apple.

The payments division has been central to Apple's push into financial services. The payments application helped give rise to newer products such as Apple Card, as well as the device upgrade subscription program recently announced by the company.
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US Senator Bernie Sanders called on OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Meta Platforms, Inc. (META.US) CEO Mark Zuckerberg to hit brake on AI development, warning that the technology has reached a critical tipping point and could pose catastrophic risks if left unchecked.

Sanders said he had sent letters to the three tech giants urging them to honor their commitments and stop further AI development.

He also claimed that AI has been used for the first time in history to create a new virus, raising concerns that if such developments fall into the wrong hands, new biological weapons capable of killing tens of millions of people could be developed.
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