SK hynix released its quarterly report today (15th), reporting total revenue of KRW52.5763 trillion for 1Q26, Chosun Ilbo reported. Among which, revenue contributed by NVIDIA (NVDA.US) accounted for 14.8% of the total, reaching KRW7.7806 trillion (approximately USD5.188 billion), up 62.6% YoY, securing its position as the largest single customer.

Following NVIDIA, SK hynix added another new major customer. This new client contributed 12.4% of the company's total revenue in 1Q26 (approximately KRW6.5365 trillion). Although industry sources speculated that the customer could be Microsoft (MSFT.US) or other global tech giants such as Google, the disclosed filing did not reveal the specific name.
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JD-SW (09618.HK) announced its latest promotional offers. Starting today (15th), consumers who visit the JD self-operated flagship store for Apple products to purchase an iPhone 17 Pro can receive an RMB1,000 Apple surprise coupon, which can be combined with a trade-in subsidy of up to RMB1,000, bringing the maximum total discount to RMB2,000 and a final price as low as RMB6,999.

In addition, orders for the full range of Apple products including Mac, Apple Watch, AirPods and iPad on JD also enjoy exclusive discounts. The iPhone Air offers discounts of up to RMB3,100, selected Apple Watch models receive an immediate RMB200 reduction, and selected iPad Air models receive an immediate RMB300 reduction. JD also offers immediate stock availability, with new models delivered as fast as within hours.

JD-SW last quoted at HKD128, down 1.61%, with turnover of 4.6656 million shares, involving HKD601 million.
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According to incomplete statistics, more than 10 new energy vehicle (NEV) makers have recently adjusted prices, reduced discounts or planned to raise prices in 2Q26, Chinese media reported.

Among them, BYD COMPANY (01211.HK) raised the prices of smart driving optional packages for certain models by more than RMB2,000. XIAOMI-W (01810.HK) lifted prices of its new-generation SU7 series by RMB4,000. Tesla, Inc. (TSLA.US) raised prices of the Model Y Long Range and Performance versions by RMB18,000 and RMB20,000, respectively.

In addition, NIO-SW (09866.HK) and XPENG-W (09868.HK) have planned to increase vehicle prices in 2Q26. Meanwhile, brands such as Tesla, Zeekr and Avatr have tightened their interest-free auto financing policies, leading to higher implicit car purchase costs.

A sales representative at a NIO-SW store in Beijing said prices of the main models currently remain unchanged, but the RMB10,000 terminal discount may be cancelled later, which would increase car purchase costs.

A sales representative at a BYD COMPANY store noted that the recent price hikes only apply to certain special optional versions, while prices of base models remain stable.
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Chinese President Xi Jinping held talks today (14th) at the Great Hall of the People in Beijing with US President Donald Trump, who is on a state visit to China. Representatives from the US business community were also present.

The White House press pool saw Tesla (TSLA.US) CEO Elon Musk, NVIDIA (NVDA.US) CEO Jensen Huang and Apple (AAPL.US) CEO Tim Cook outside the Great Hall of the People, foreign media reported.

Among them, Musk described the talks as very smooth and said that many good things are happening. Cook also gave a thumbs-up to the cameras. Huang likewise revealed that the meeting proceeded smoothly and said that the leaders of both countries were terrific.
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Chinese President Xi Jinping met with US President Donald Trump, who is on a state visit to China, at the Great Hall of the People in Beijing this morning (14th).

During the China-US presidential meeting, more than a dozen US business representatives, including Tesla (TSLA.US) CEO Elon Musk, Apple (AAPL.US) CEO Tim Cook, NVIDIA (NVDA.US) CEO Jensen Huang and Boeing (BA.US) CEO Kelly Ortberg, entered the meeting venue under staff guidance, Chinese news broke.
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SK Hynix (000660.KS) CEO Kwak Noh-Jung will meet with Microsoft Corporation (MSFT.US) Co-founder Bill Gates and CEO Satya Nadella in the US, Korean media reported, citing sources.

The event is expected to further deepen the strategic partnership between Microsoft and SK Hynix, particularly in HBM supply.

Microsoft is a major customer of SK Hynix's DRAM and NAND flash products.
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NVIDIA Corporation (NVDA.US) CEO Jensen Huang boarded Air Force One in Alaska, joining more than a dozen US corporate CEOs to participate in US President Donald Trump's visit to China this week, foreign media reported, citing people with the knowledge of the matter.

Huang did not appear on a preliminary list of senior attendees previously provided by the White House. A US official said last month that NVIDIA's high-performance H200 chips have not yet been sold to China owing to difficulties in obtaining approval from the Chinese government. The White House has not responded to the matter.
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Taiwan bourse last quoted at 41,917 this morning (11th), up 313 points or about 0.75%. Global chip foundry leader TSMC (2330.TT) bucked the trend, sagging 1.5% to TWD2,255.

Apple Inc. (AAPL.US) and Intel Corporation (INTC.US) reached a preliminary agreement under which Intel will manufacture certain chips used to power Apple devices, the Wall Street Journal cited informed sources over the weekend as saying.

The two companies reportedly engaged in intensive negotiations for more than a year and finalized a formal agreement in recent months.

Major Asia-Pacific chip stocks thrived broadly this morning. SMIC (00981.HK) and HUA HONG SEMI (01347.HK) each spiked about 5%. In South Korea, Samsung Electronics (005930.KS) and SK Hynix (000660.KS) surged 5.7% and 11.2%, respectively, both notching record highs. In Japan, Kioxia (285A.JP) rallied 7.6% to a new high. MediaTek (2454.TW) in Taiwan also jumped up 8.8% to a record high.
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The robotics sector picked up sharply, China Merchants Securities International (CMSI) wrote in a report. After the May Day holiday, robotics-related stocks in Hong Kong and A-shares markets have turned more vibrant, with share prices charting notable gains.

The broker attributed this to three factors. First, Tesla, Inc. (TSLA.US) was expected to start mass production of its robots in July or August, while supply chain order information is typically released one to two months in advance, giving rise to an early recovery in sector sentiment. Second, after a marked correction since February that formed a bottom range, the robotics sector has once again attracted capital primarily focused on AI industry chain investments. Third, some robotics supply chain companies have traditional core businesses in the automotive industry. Following the release of 1Q results, potential negative factors have been largely digested, shifting market focus back to individual companies growth prospects.

CMSI highlighted key companies to watch. 1) For complete machine manufacturers it recommended focusing on humanoid robot leader UBTECH ROBOTICS (09880.HK), its top pick in the robotics industry chain, as humanoid robot commercial applications are landing the fastest and the company raised its delivery guidance after its annual results. It also named DOBOT (02432.HK), which is a leader in collaborative robots, driven by both industrial and commercial segments, and is expanding rapidly into humanoid robotics. In vertical robotics, GEEKPLUS-W (02590.HK), a leader in warehouse robotics, is also worth attention. 2) For supply chain, its top pick is MINTH GROUP (00425.HK), whose progress in robotics, AI liquid cooling and the low-altitude economy beat expectations. Investors should watch for potential major breakthroughs in the AIDC field. The company's fuel cell system components, including SOFC and PEMFC, achieved order breakthroughs in domestic and overseas markets. SANHUA (02050.HK), a core supplier in the Tesla industry chain, is also highlighted. 3) For broader robotics plays, the broker expected that market interest will spread to the broader robotics segment in the later stage of the rally, with growing attention on HORIZONROBOT-W (09660.HK), HESAI-W (02525.HK) and ROBOSENSE (02498.HK).
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China Association of Automobile Manufacturers (CAAM) said that the online rumors claiming that new energy vehicle (NEV) makers were summoned and investigated over power locking issues are false information.

A relevant official of the CAAM stated that recent widely circulated online claims that eight NEV makers were summoned over power locking issues and three carmakers were formally placed under investigation was not stemmed from official source and were entirely inconsistent with the facts.

In response, XPENG-W (09868.HK), BYD COMPANY (01211.HK), GAC Aion, Zeekr, NIO-SW (09866.HK) and AITO shattered the rumors.

Tesla, Inc. (TSLA.US) and LI AUTO-W (02015.HK) told the media that the rumors of being summoned were untrue. Tesla stated that all of its software updates undergo rigorous testing and filing procedures. XPENG-W said that certain social media accounts maliciously hyped the issue through AI applications and included the company on the list, wreaking severe damage to its brand and reputation. After verification, the company has not been summoned recently nor placed under investigation, and it will pursue legal responsibility in accordance with the law.

BYD COMPANY's anti-fraud office issued a statement noting that false online rumors regarding BYD COMPANY being summoned and investigated were deliberately misleading the public and disrupting the online opinion environment. The company has collected evidence and will pursue legal responsibility against relevant parties in accordance with the law.

GAC Aion's legal department also clarified that the company has never been summoned by relevant authorities over the matters mentioned in the false information, nor has it been included on any investigation list. It will pursue legal responsibility against those spreading rumors in accordance with the law.
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