The manufacturing of printed circuit boards (PCBs) for NVIDIA Corporation (NVDA.US)'s next-generation AI server rack system Kyber NVL144 has hit impasse, resulting in a delay of more than one year, research firm SemiAnalysis said in an X post.

Following the news, KB LAMINATES (01888.HK) plunged 13.68%, while KINGBOARD HLDG (00148.HK) also nosedived 9.83%. Japan PCB manufacturer Ibiden (4062.JP), for which Nvidia is the largest customer, closed down 8.37%, while Samsung Electro-Mechanics also tumbled 8.09%.
~

AASTOCKS Financial News
Website: www.aastocks.com

XIAOMI-W (01810.HK)'s smartphone division recently underwent personnel adjustments, Chinese media reported.

Ge Weiyan, formerly general manager of the Shenzhen regional unit, has been reassigned as general manager of the smartphone camera department. He will subsequently report to Xu Chunli, vice president of XIAOMI-W's smartphone division and general manager of the hardware engineering department.

Ge Weiyan had previously worked at QUALCOMM Incorporated (QCOM.US) and Apple Inc. (AAPL.US), information showed. He joined XIAOMI-W in 2014.
~

AASTOCKS Financial News
Website: www.aastocks.com

Based on industry checks, Apple (AAPL.US)'s foldable iPhone assembly shipments in 2H are estimated at around 7-8 million units, of which 3Q shipments will only total 500,000 to 1 million units, said Ming-Chi Kuo, a reputable Apple analyst at TF International Securities.

By comparison, iPhone 18 Pro and Pro Max shipments in 3Q are projected at about 20-22 million units. This means the foldable iPhone is highly likely to repeat the situation seen with the iPhone X in 2017, when pre-orders and official sales began later than other models.

He added that the foldable iPhone may not be open for pre-orders and official sales until 4Q. Even with a selling price of about USD2,300-2,500, demand momentum is expected to remain strong at least through the end of this year.

He believed the device could sell out immediately after pre-orders open, with delivery waiting times quickly extending to 4-6 weeks and lasting through December. Resale prices may reach 50-100% above the official retail price.
~

AASTOCKS Financial News
Website: www.aastocks.com

Samsung Electronics will release its 2Q results tomorrow (7th). Propelled by memory chip woes and global AI inference infrastructure demand, LSEG SmartEstimate, which compiled estimates from 30 analysts, forecast 2Q operating profit of KRW86 trillion (equivalent to approximately USD56.35 billion), surging more than 17x YoY and likely marking a record high for a third consecutive quarter.

Samsung is a major memory supplier to NVIDIA Corporation (NVDA.US), Google and Apple Inc. (AAPL.US). Analysts expected the memory market supply shortage to continue at least until next year.

Citi said last Thursday (2nd) that DRAM and NAND memory prices in 2Q jumped up 44% QoQ and 53% QoQ, respectively. However, Reuters cited analysts as saying that a potential delay in future AI infrastructure investment is currently the biggest risk facing the memory boom.
~

AASTOCKS Financial News
Website: www.aastocks.com

GALA TECH HOLD (02458.HK) announced that on July 3 it sold 3,000 shares of Micron Technology, Inc. (MU.US) through the open market for a total consideration of approximately USD3.0313 million, with an average selling price of approximately USD1,010.43 per share.

The company expected to recognize a gain of approximately USD1.9134 million from the disposal. Following completion of the disposal, the group still holds 5,003 shares of Micron.

Previously, between April 16 and 21, 2026, GALA TECH HOLD sold a total of 8,720 shares of Micron through the open market for a total consideration of approximately USD3.9631 million.
~

AASTOCKS Financial News
Website: www.aastocks.com

Samsung Electronics is actively negotiating plans to raise DRAM prices by as much as 20% QoQ in 3Q, aiming to maximize group profits as supply shortages triggered by AI infrastructure investment spread across all product lines, according to foreign media reports. SK Hynix is also reportedly seeking a similar increase.

Samsung has taken the most aggressive approach in price hike negotiations due to its higher proportion of DRAM production, sources said. Samsung's average selling price for DRAM swelled by more than 90% QoQ in 1Q26, while prices were estimated to rise another 50% to 60% in 2Q26.

Spurred by the news, Samsung shares in South Korea closed up 8.22% at KRW309,500, while SK Hynix rallied 10.88% to KRW2.425 million. In Hong Kong, XL2CSOPHYNIX (07709.HK) closed up 6.57%, while XL2CSOPSMSN (07747.HK) also leaped 11.59%.
~

AASTOCKS Financial News
Website: www.aastocks.com

Shanghai recently launched a special rectification campaign to regulate the order of online information dissemination in the automotive industry.

With a view to strengthen the multi-party communication and consultation mechanism and explore collaborative governance paths, the Cyberspace Administration of the Shanghai Municipal Committee, together with multiple departments, jointly held yesterday (2nd) a four-party forum involving the government, associations, automakers and platforms.

Platform companies including Xiaohongshu, BILIBILI-W (09626.HK), Douyin and BIDU-SW (09888.HK) introduced measures to reinforce the review of automotive-related information content and handle enterprise-related infringement information.

Representatives from the Shanghai Auto Parts Industry Association as well as SAIC Motor, BYD COMPANY (01211.HK), Tesla, Inc. (TSLA.US), NIO-SW (09866.HK), XPENG-W (09868.HK), and LI AUTO-W (02015.HK) put forward opinions and suggestions on curbing industry disorder and safeguarding corporate rights and interests.
~

AASTOCKS Financial News
Website: www.aastocks.com

LENS (06613.HK) said on an investor interaction platform that the company has jointly developed and validated 22-layer glass core substrates together with North American and South Korean chip foundry and advanced packaging clients. Validation by the South Korean client has largely been completed, while validation work with the North American client is progressing smoothly.

The company is also advancing construction of a dedicated TGV glass substrate facility with a floor area of 30,000 ping, which is expected to commence production before year-end to match customer demand. The glass substrate-related business has not yet generated revenue and future prospects remain uncertain.

When asked about supplies for Apple Inc. (AAPL.US)'s foldable smartphones, LENS responded that the company provides structural components including UTG ultra-thin flexible glass, glass support plates, PET films and 3D glass cover plates for foldable smartphones. Shipments and deliveries to major clients began at the end of 2Q.
~

AASTOCKS Financial News
Website: www.aastocks.com

In response to recent market concerns over an oversupply of AI computing power, Abulikemu-Abulimiti (Amu), Vice President of LENOVO GROUP (00992.HK) and Chief Strategy Officer of Lenovo China, said that whether in China or overseas markets, demand for AI computing power still has substantial room for growth in the long run, and there is no oversupply situation, China Business Network reported.

He opined that the number of mature leading AI products on the consumer side (C-end) is limited at the moment, while the commercialization potential for enterprise-focused (B-end) applications has yet to be fully unleashed. Historically, growth dividends from productivity revolutions have been driven by the industrial sector, suggesting enormous long-term demand for computing power. In addition, the current AI industry chain faces issues including excessively strong pricing power on the supply side and an imbalance in the supply-demand cycle.
~

AASTOCKS Financial News
Website: www.aastocks.com

Michael Burry, the real-life counterpart of the protagonist in the movie 'The Big Short' and a US hedge fund manager, said he shorted Micron Technology, Inc. (MU.US) at USD1,051.87 per share. Overnight (2nd), Micron plunged 5.5% to USD975.56.

Burry said South Korea's announcement last week of a major semiconductor capital expenditure plan marked the beginning of a downcycle in the semiconductor industry. He expects the semiconductor industry to undergo a correction of about 30% and believes valuations of companies related to AI infrastructure have become grossly overvalued.
~

AASTOCKS Financial News
Website: www.aastocks.com