To promote the innovative development and regulated application of generative AI services, the Cyberspace Administration of China (CAC), together with relevant departments, have been carrying out the filing work for generative AI services in an orderly manner in accordance with the requirements of the "Interim Measures for the Administration of Generative AI Services".

Filing information has now been added for seven mobile device-side generative AI services, including Apple Intelligence, Huawei Celia AI Large Model, and Xiaomi HyperAI.
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Telecom infrastructure provider Nokia Corporation (NOK.US) said it has partnered with NVIDIA Corporation (NVDA.US) to develop the first commercial AI-powered Radio Access Network (RAN) platform, remarkably enhancing operators' ability to transmit data using existing infrastructure.

The two companies announced a partnership last year, under which NVIDIA would join stake in Nokia, which said in its latest statement that the new equipment will enable telecom network operators to transmit twice the amount of data over the same radio spectrum by 2028. When operators begin using the hardware next year, spectrum efficiency improvement is expected to reach 50%, compared with the current 20% improvement already achieved.
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ASML (ASML.US) raised its full-year sales forecast for the second time this year, now expecting sales to grow to EUR43-45 billion, motivated by swelling AI spending that boosted market demand for lithography machines.

For 2FQ, ASML's sales lifted 21.25% YoY to EUR9.327 billion, above analysts' forecast of EUR8.85 billion. Profit elevated 27.4% to EUR2.918 billion, while gross margin reached 54%.
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SK hynix Inc. ADR (SKHY.US) leaped 27.3% overnight (14th). SK hynix shares in South Korea rallied more than 11% in early trading on Wednesday (15th), lifting Asian tech stocks broadly higher and tracking the uptick in US semiconductor shares after heavy selling earlier this week. The stock logged its largest-ever single-day decline on Monday (13th) as investors took profits amid mounting concerns over AI spending. Local rival Samsung Electronics shot up 6.8%.

Japan's semiconductor-related shares also broadly advanced. Advantest (6857.JP) jumped up 4.2%. Lasertec (6920.JP) gained 6.4%. Disco (6146.JP) climbed 2.8%, and SoftBank (9984.JP) added 0.8%.

US semiconductor stocks ticked up after a sell-off in the previous trading session, supporting gains in Asian tech shares. The VanEck Semiconductor ETF spiked 2.5%, while Micron Technology, Inc. (MU.US) and Lam Research Corporation (LRCX.US) each surged about 5%.

Despite Wednesday's rebound, some investors warned that market enthusiasm for AI-related hardware stocks is becoming overheated. Jordan Cvetanovski, Chairman and Chief Investment Officer of Pella Funds, said demand for AI infrastructure remains strong as companies race to build computing capacity, but signs of excessive speculation are beginning to emerge in the market.
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Apple Inc. (AAPL.US) is in talks with Silicon Valley startup PrismML, which claims it can shrink large AI models enough to run directly on iPhone devices, CNBC reported.

PrismML CEO Babak Hassibi said Apple and other companies are evaluating its models and testing speed, energy efficiency and performance on devices.

PrismML on Tuesday (14th) publicly released a compressed version of BABA-W (09988.HK)'s open-source Qwen model, saying it reduced the model size from about 54GB to less than 4GB, enabling its 27B parameters to run on iPhone 15 or newer models.

However, Hassibi disclosed that discussions with Apple remain at a very early stage, and the final direction is still unclear, although he said that things are progressing well. Apple has not given immediate response.
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Counterpoint Research's latest report showed that global smartphone shipments sank 11% in the second quarter, hitting the lowest level since 2013, as prolonged memory chip shortages pushed up handset prices and suppressed demand.

During the period, iPhone shipments of Apple Inc. (AAPL.US) grew 3%, giving the company a global market share of 20%. Samsung regained the top spot with a 24% market share and recorded the strongest growth among the top five brands, driven by robust sales of its flagship Galaxy S26 series. XIAOMI-W (01810.HK) ranked third with a 12% market share, followed by OPPO (11%) and vivo (8%).
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Due to substandard product quality, NVIDIA Corporation (NVDA.US) may stop cooperating with VGT (02476.HK) after evaluation, involving order amounts of RMB5 billion, according to market talks.

VGT issued an announcement to clarify that recent online rumors regarding the company's products, market share and project progress were seriously inconsistent with facts. The company emphasized that it is a long-term strategic partner of leading domestic and overseas AI clients, and has always regarded quality and safety as its lifeline while strictly managing operations according to client standards.

VGT stated that demand for AI-related PCB products remains strong, with orders on hand continuing to grow, while production and shipments are operating normally. Orders from major clients continue to increase, and the company has maintained close communication with core clients. Iterative products jointly developed through cooperation are progressing smoothly, while some clients have already released long-term demand projections for 2027 to 2028. Management expressed full confidence in subsequent production operations and profit realization.

The group said false rumors spread through online platforms and WeChat groups have adversely affected its reputation and normal business operations, seriously misleading investors. The company will reserve the right to pursue liabilities through legal channels.
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Iran announced the indefinite closure of the Strait of Hormuz, while the US military attacked Iran for the fourth time within a week, sending international oil prices up more than 3%.

Futures for the three major US stock indices were mixed. DJIA futures edged up 6 points, while S&P 500 futures and Nasdaq futures lost 0.35% and 1.15%, respectively. South Korean stocks plunged 9%, while US chip and memory stocks came under pressure in pre-market trading. Micron Technology, Inc. (MU.US) dived 5.5% pre-market. Sandisk Corporation (SNDK.US), Western Digital Corporation (WDC.US) and Seagate (STX.US) shed 4.8-7% pre-market. Marvell Technology, Inc. (MRVL.US), Advanced Micro Devices, Inc. (AMD.US), Intel Corporation (INTC.US), QUALCOMM Incorporated (QCOM.US) and NVIDIA Corporation (NVDA.US) faded 1.9-3.1% pre-market.

Major Asia-Pacific stock markets generally declined today (13th). China's three major A-share indices closed down between 2.1% and 3.5%. Hong Kong stocks gained 38 points, or less than 0.2%, to close at 24,213 points, with turnover of HKD309.515 billion. Japan's Nikkei closed down 1,315 points, or 1.9%, at 67,242. South Korea's Kospi closed down 669 points, or 8.95%, at 6,806, marking a more than two-month low and triggering the seventh circuit breaker this year. Samsung Electronics plunged 10.7%, while SK Hynix tumbled 15.4%, marking the stock's biggest single-day decline on record. SK Hynix ADR, which was listed in the US last Friday, closed at USD168.01, 12.8% above its offer price. UBS previously issued a report recommending buying SK Hynix ADR while short-selling its listed South Korean shares.

European stocks were mixed in early Monday trading. The pan-European STOXX 600 fell 0.2% to 639.82. The UK's FTSE 100 edged down 0.1% to 10,486. France's CAC dipped 0.15% to 8,326. Germany's DAX added 0.1% to 25,087. Italy's FTSE MIB hiked 0.1% to 52,660. Spain's IBEX 35 sank 0.2% to 19,352.
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Samsung Foundry Chief Engineer James Kim said Samsung Electronics has completed the design of Tesla (TSLA.US)'s AI5 autonomous driving system chips, which will adopt Samsung's latest 2-nm process technology and are expected to begin production soon at its Texas foundry plant.

The chips are currently in the tape-out stage, marking the finalization of the design and the start of engineering sample production.
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Lei Jun, founder of XIAOMI-W (01810.HK), said Xiaomi Auto will enter the European market next year. Earlier reports said Xiaomi hired Dieter Lorenz, former Senior Manager of Delivery Operations for Central Europe at Tesla, Inc. (TSLA.US), in April as the company's head of European delivery and logistics.

Furthermore, Lei revealed that the new-generation SU7 became the best-selling sedan priced above RMB200,000 in June.

XIAOMI-W last stood at HKD25.92 today (13th), up 0.31%, with trading volume of 114 million shares and turnover of HKD2.986 billion.
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