Tashan Technology, the first global haptic simulation partner of NVIDIA Corporation (NVDA.US), recently completed a B-round financing worth several hundred million RMB.

Investors in this round included JOYSON ELEC (00699.HK), Taiping Innovation, AUX, PENGLING (300375.SZ), Lavender Hill Capital Partners (LHCP), and other industry investors. Existing shareholders DOWSTONE TECH (300409.SZ) and BeFor Capital also made additional investments.

Founded in 2017, Tashan Technology was jointly established by core teams from Tsinghua University, the University of Manchester and other global senior R&D teams. In 2025, the company completed its A3-A5 financing rounds, attracting participation from 15 leading cross-sector investors.
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Meta Platforms, Inc. (META.US) plans to begin production of its AI chip codenamed "Iris" starting in September, Reuters, citing an internal memo, reported. The chip is Meta's fourth-generation Meta Training and Inference Accelerator (MTIA).

Meta hopes to use the chip to enhance AI performance on its Facebook and Instagram social media platforms. The memo showed that testing of the chip took only six weeks and no major issues were identified.

The chip was designed by Meta based on its own requirements, with Broadcom Inc. (AVGO.US) providing design assistance, while manufacturing is handled by Taiwan Semiconductor Manufacturing Company Ltd. (TSM.US).

For Meta, the main purpose of developing in-house chips is to supplement existing GPU resources, reduce AI infrastructure costs, and lessen dependence on NVIDIA Corporation (NVDA.US) and Advanced Micro Devices, Inc. (AMD.US).
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Samsung Electronics Chairman Lee Jae-yong is expected to meet NVIDIA Corporation (NVDA.US) CEO Jensen Huang in the US later this month, aiming to expand cooperation in semiconductor and AI investment plans, South Korean media reported.

Lee is reportedly arranging a meeting with Huang in Silicon Valley. The increasingly close cooperative relationship between Samsung and NVIDIA is expected to become a key topic.

Initial cooperation between the two sides mainly focused on Samsung's memory chips and NVIDIA's GPUs, but has now expanded into the foundry business. Samsung is producing Groq 3 language processors for NVIDIA under contract.
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SK Hynix's US ADR will debut on Friday (10th), and it is reportedly more than seven times oversubscribed.

SK Group Chairman Chey Tae-won will attend the Nasdaq listing celebration ceremony, where he and the company's management team will share SK Hynix's mid- to long-term development strategy, Yonhap News Agency reported.

Chey said earlier this year that the market still views SK Hynix as a company producing general-purpose memory chips, and hence the company's market cap has yet to reflect its value.

During Chey's US visit, he is also expected to meet senior executives from global tech giants including NVIDIA Corporation (NVDA.US) and Tesla, Inc. (TSLA.US).
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CXMT (688825.SH), the world's fourth-largest DRAM manufacturer, has officially kicked off its STAR Market IPO issuance process. The company plans to publicly issue 6.688 billion shares before the exercise of the over-allotment option, representing approximately 10% of the company's total share capital after the offering.

The initial strategic placement will involve 3.344 billion shares, accounting for 50% of the offering size and approximately 43.48% of the total shares to be issued after full exercise of the over-allotment option.

CXMT is projected to begin IPO subscription next Thursday (16th). The IPO is set to raise at least RMB29.5 billion, marking a record-high fundraising size for a STAR Market IPO.

CXMT expects revenue for 1H to range from RMB110 billion to RMB120 billion, representing a YoY upsurge of 612.53-677.31%. Net profit attributable to the parent company is expected to range from RMB50 billion to RMB57 billion, surging 2,244.03-2,544.19% YoY.
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SK Hynix will announce the pricing of its US ADRs on Thursday (9th), and the offering has already been oversubscribed by more than seven times, Bloomberg, citing sources, reported.

The IPO of 177.9 million ADRs has attracted interest from global long-only funds, technology-focused funds, sovereign wealth funds and global investors focused on Asian markets, sources divulged.

The US IPO is expected to raise approximately USD24.5 billion, potentially making it the second-largest IPO by an overseas company in the US, behind only the USD25 billion record set by Alibaba Group Holding Limited (BABA.US).

At present, SK Hynix has already attracted subscriptions from Baillie Gifford, Coatue Management and Situational Awareness Partners, involving ADRs valued at up to USD7 billion.

SK Hynix (000660.KS) last soared 7.03% at KRW2.22 million.
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Middle East tensions escalated rapidly after US President Donald Trump said the temporary ceasefire agreement between the US and Iran ended. DJIA futures once tumbled more than 700 points and last slid 649 points or 1.2%; S&P 500 futures and Nasdaq futures last sank 1% and 1.5% respectively. AI chip giant NVIDIA Corporation (NVDA.US) dipped 1.8% pre-market at USD193.42.

NVIDIA has seen approximately USD1 trillion wiped off its market cap in less than two months, with its share price retreating to valuation levels set before the AI boom. Since setting a record high on May 14, the stock has grossed a decline of 18.2% as investors adjust AI trading strategies, selling NVIDIA and rotating into other semiconductor makers, particularly memory-related stocks.

According to data compiled by Bloomberg, the sell-off has pushed NVIDIA's forward PE down to 18x, the lowest since early 2019. The former market leader is now cheaper than the S&P 500, and the tech-heavy Nasdaq 100. The contraction in NVIDIA's valuation is not owing to deteriorating prospects, as analysts continued to raise earnings forecasts for the coming quarters.

The sell-off reflects a rotation in AI trades toward other segments, such as memory and storage stocks including Micron Technology, Inc. (MU.US). Even NVIDIA's rivals Advanced Micro Devices, Inc. (AMD.US) and Intel Corporation (INTC.US) have logged their share prices more than double or even triple this year.
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The Middle East situation has deteriorated further. Iran's Islamic Revolutionary Guard Corps (IRGC) said that after the US launched a series of military strikes against Iran in response to attacks on oil tankers in the Strait of Hormuz, Iran attacked US military targets in Bahrain and Kuwait, and shot down a US MQ-9 drone that attempted to interfere with the operation.

After US President Donald Trump said the temporary US-Iran ceasefire agreement has ended, international oil prices jumped up more than 6%. Futures for the three major US stock indices moved lower, with DJIA futures down 627 pts, or nearly 1.2%, at 52,570, while S&P 500 futures and Nasdaq futures fell 0.9% and 1.4%, respectively. Spot gold fell nearly 1% to USD4,065 per ounce.

Memory chip stocks were broadly under pressure in pre-market trading, with Micron Technology, Inc. (MU.US) down 5.2% pre-market, while Seagate Technology Holdings PLC - Ordinary Shares (Ireland) (STX.US), Western Digital Corporation (WDC.US) and Sandisk Corporation (SNDK.US) dived 4.2-5.4% pre-market.

Major European stock markets broadly declined in early trading today. The pan-European STOXX 600 sagged nearly 1.5% to 636.91. The UK's FTSE 100 lost 1.3% to 10,523. France's CAC faded nearly 1.8% to 8,282. Germany's DAX slid 2.1% to 24,940. Italy's FTSE MIB dropped nearly 1.4% to 51,747. Spain's IBEX 35 index lost nearly 2.2% to 19,215. Trump said he did not want any dealings with Spain and wanted to sever all trades.
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Amazon.com, Inc. (AMZN.US) plans to issue at least USD25 billion of bonds to step up investment in AI infrastructure, Bloomberg, citing sources, reported. The final issuance size will depend on investor subscription and could be increased.

Amazon is reportedly planning to issue up to eight tranches of bonds with maturities ranging from 3 years to 40 years. The spread on the longest-dated bonds due in 2066 narrowed by 0.2 ppts to around 1.25 ppts above US Treasuries.
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China's smartphone sales faded 13% YoY during the month-long 618 shopping festival, mainly because brands raised selling prices to compensate higher memory costs, Counterpoint Research data showed.

Except for Huawei, other major Chinese brands recorded double-digit sales declines between May 26 and June 21. Among them, Honor's sales plummeted 33%; XIAOMI-W (01810.HK)'s fell 24%; and Apple Inc. (AAPL.US)'s also declined 9%. In contrast, Huawei's sales grew 19% during the period.
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