Taiwanese tech contractor and major global electronics manufacturer
The AI-driven memory-chip rally has continued this week. SK Hynix and Samsung Electronics have joined trillion-dollar valuations while the broader Kospi shows renewed volatility amid global AI market enthusiasm and new IPO chatter.
SoftBank has announced a €75bn plan to build AI data centres in northern France and to develop up to 5GW of capacity by 2031. Governments and companies are tightening domestic energy plans in response, prompting talks on interconnectors, local refineries and nuclear or modular-reactor options to meet the data centres’ huge electricity demand.
Bending Spoons has begun trading on Nasdaq with a valuation around $25.5-25.7 billion and raised about $1.68 billion. The Milan-based group acquires and rebuilds aging digital brands such as Eventbrite, Evernote, Meetup and AOL, then holds them to drive growth through AI-enabled features, pricing, and tighter operations. Revenue in Q1 2026 reached $601 million with $27.5 million net income as it scales its portfolio and expands its multi-brand strategy.
CNBC reports show Shenzhen’s hardware ecosystem is attracting global investors and talent, challenging Silicon Valley in consumer electronics. Even Realities and other startups are racing to build the next Apple in China, leveraging deep local supply chains and manufacturing depth. Meanwhile, policy and global AI dynamics shape the competitive landscape.
Lucid Motors has engaged AlixPartners to review its operations and consider steps to cut costs, optimize the rollout of a mid-size EV, and strengthen liquidity as it shrinks its workforce and realigns leadership. Public statements say there is no bankruptcy plan, and liquidity is sufficient to carry operations into next year.