SpaceX (SPCX.US) and Tesla, Inc. (TSLA.US) will initially invest USD16.8 billion to build the advanced AI semiconductor gigafactory Terafab in Grimes County, Texas, aiming to narrow the gap between global chip supply and the 1 trillion-watt computing capacity expected to be required by the two companies over the coming years.

SpaceX said in a statement that future expansion phases could substantially increase the total investment amount, and the plant is expected to employ at least 3,000 workers.

Elon Musk said Terafab is bringing cutting-edge manufacturing back to the US, creating thousands of high-paying jobs in Texas and enabling the companies to mass produce AI chips for use on Earth and in space.
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LG Group Chairman Koo Kwang-mo will meet NVIDIA Corporation (NVDA.US) CEO Jensen Huang in the US next week to strengthen cooperation in AI infrastructure and humanoid robots, Yonhap News Agency, citing sources, reported.

The two met in Seoul in early June this year, when Huang said NVIDIA would cooperate with LG Group on humanoid robots and next-generation data centers.

The two will discuss the scale of potential investments and the timetable for technology development during next week's meeting, sources said.
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With less than six weeks remaining before the launch of Apple Inc. (AAPL.US)'s iPhone 18 series and foldable iPhone Ultra, TSMC (TSM.US) hit snags while producing Apple's A20 Pro chips, independent technology journalist Tim Culpan said.

An acute shortage of DRAM memory has prevented completed processor wafers from being packaged, heaping tremendous pressure on Apple's supply chain.

Apple has mainly relied on Micron Technology, Inc. (MU.US) for DRAM chip supply, while also sourcing from SK Hynix and Samsung.

Apple and its assemblers are reportedly scrambling to secure sufficient DRAM chips in order to avoid severe supply pressure during the launch of the iPhone 18 series.
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NVIDIA Corporation (NVDA.US) is accelerating its foray into the telecom operator market and is seeking base station manufacturing partners in China to develop 6G base stations that meet overseas market requirements, with the aim of entering trial networks in 2027 or 2028, Jiemian News reported, citing sources.

NVIDIA purportedly believes computing power ultimately needs to rely on wireless transmission via base stations in order to transfer from data centers to massive numbers of AI terminals and users. The company is therefore searching for the “next ZJ INNOLIGHT (03308.HK)” in edge computing power.

Shenzhen Signalwing Technology is one of NVIDIA's developing base station partners, sources said. The two parties began contacts in 2025 and are jointly developing 6G AI-RAN base stations based on the NVIDIA CUDA ecosystem. Their cooperation has continued for more than six months, and a dedicated working group has already been formed, involving more than 10 NVIDIA personnel based in Singapore, Hong Kong and Mainland China.

TONGYU COMM (002792.SZ) acquired an approximately 25% stake in Shenzhen Signalwing Technology for RMB300 million on August 4.

Besides, the cooperation between Shenzhen Signalwing Technology and NVIDIA has reportedly entered the technology R&D stage. The duo may also establish a commercial entity jointly for overseas expansion.
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Meta Platforms, Inc. (META.US) launched its first coding agent, named Muse Code, to challenge leading AI labs Anthropic and OpenAI.

Muse Code marks the latest major product launch by AI chief Alexandr Wang, who leads Meta Superintelligence Labs and oversees foundation model development. He joined Meta in June 2025 and became a key member in CEO Mark Zuckerberg's overhaul of the company's AI strategy.

The tool is similar to Anthropic's Claude and OpenAI's Codex assistant, allowing users to build applications within a single interface while managing AI-powered digital agents to support software development workflows.
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Alphabet Inc. (GOOGL.US) announced that its AI division is undergoing restructuring. Chief Scientist Jeff Dean, who has served the company for 27 years, will leave the company, while Google DeepMind CEO Demis Hassabis will become Chairman of Google DeepMind and concurrently serve as Chief Scientist of Alphabet.

Following the announcement, Alphabet shares slumped 4.05% on Wednesday (5th) to USD360.13.

Dean, a pioneer in the AI field who helped drive multiple key technological breakthroughs at Google, will co-found a new company with Alphabet Senior Fellow Sanjay Ghemawat. Alphabet will also invest in the startup.
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Apple Inc. (AAPL.US) attempted to introduce CXMT (688825.SH) as its third DRAM supplier to lower future iPhone costs, foreign reports said.

However, CXMT refused to make price concessions, with its quotations similar to or even higher than those offered by Apple's existing suppliers Samsung Electronics and SK Hynix.

Huawei, XIAOMI-W (01810.HK) and other Chinese OEM have already signed long-term supply agreements with CXMT at high prices, leaving CXMT with little incentive to compete for Apple's orders with discounted pricing, sources said.
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Space Exploration Technologies Corp. (SPCX.US) shares plunged during pre-market trading on Wednesday (5th) after a spike in the company's AI spending raised investor concerns, overshadowing better-than-expected quarterly results. The stock last tumbled 10.4% in pre-market trading.

On Tuesday (4th), SpaceX released its first earnings report as a listed company. The space enterprise owned by CEO Elon Musk said capital expenditure in 2Q26 mushroomed sixfold to USD18.4 billion, exceeding analyst expectations, with most of the spending directed toward AI.

The company's shares closed slightly above USD125 on Tuesday, still below its IPO price of USD135 and markedly lower than the record high of more than USD200 reached shortly after listing.

During the current earnings season, market concerns have intensified over whether major technology companies can demonstrate returns from multi-billion-USD investments, weighing on investor sentiment.

Although the market believes SpaceX's proprietary models lag behind OpenAI and Anthropic, the company is positioning itself as an alternative cloud service provider by leasing computing capacity built with NVIDIA Corporation (NVDA.US) chips.

In addition, the company will face another potentially market-moving event on Thursday (6th), when the insider share lock-up period expires, allowing insiders to sell part of their holdings.
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Michael Burry, the renowned US hedge fund manager portrayed in "The Big Short", maintained his bearish stance even as the S&P 500 hit a record high. He warned that the current rally could ultimately end in a collapse similar to the 1987 stock market crash.

Although new highs in the S&P 500 may attract fresh capital into the market, he still believed US stocks are approaching a major peak and could experience a plunge similar to that seen in 1987.

Supported by corporate earnings beat and growing hopes that the Strait of Hormuz will reopen, US stocks stretched upswing for a fourth consecutive trading day overnight (4th), with the three major indices mounting nearly 2% or more. Both the DJIA and the S&P 500 notched fresh intraday and closing highs.

Burry believed demand for AI infrastructure may be driven by unsustainable financing arrangements. He said the market rally is creating a self-reinforcing cycle, while lower volatility is encouraging systematic investors to increase risk exposure.

He emphasized that he will continue to hold short positions in iShares PHLX SOX Semiconductor Sector Index Fund (SOXX.US), Micron Technology, Inc. (MU.US), NVIDIA Corporation (NVDA.US), Caterpillar, Inc. (CAT.US), Palantir Technologies Inc. (PLTR.US), Tesla, Inc. (TSLA.US) and Applied Materials, Inc. (AMAT.US), and remains highly confident about the long-term outlook for these positions.

However, he would cut losses promptly if the trades move significantly against him. Apart from the short position in NVIDIA, all other positions currently remain profitable.
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After capex for AI business of Space Exploration Technologies Corp. (SPCX.US) sharply topped expectations, company executives on Tuesday (4th) sought to assure investors that the investment is valuable and said the company could recoup costs within one year.

SpaceX released its first earnings report since its June listing, with shares falling after the results. 2Q26 revenue leaped 92% YoY, beating market expectations, but capex jumped up more than sixfold to USD18.4 billion, more than double quarterly total sales.

More than 80% of SpaceX's capex was directed toward AI. The company trails OpenAI, Anthropic and Google in models and services, and is competing in the cloud market with Microsoft Corporation (MSFT.US), Amazon.com, Inc. (AMZN.US) and Google by selling computing capacity.

According to market data, the USD18.4 billion capex topped analysts' average estimate of USD13.22 billion. SpaceX shares fell off 7.5% in after-hours trading, almost erasing earlier gains and trading more than 20% below the first-day trading price on June 12.
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