Chinese tech giant shaping global telecoms and AI hardware
SK Hynix has priced ADRs at $149 per share, raising $26.5 billion in the largest-ever foreign-listing in US history. The company plans a U.S. production push and faces mixed investor sentiment as the AI memory boom shows signs of volatility across markets.
Chinese automakers have accelerated global expansion in 2026, showcasing rapid advances in batteries, charging and autonomous tech at the Beijing Auto Show while exports have surged. BYD, Geely and CATL have rolled out ultra-fast charging batteries and chargers; Geely is exploring US production through Volvo; legacy automakers are reorganising to respond to the pressure.
A humanoid robot developed by Chinese smartphone maker Honor has completed a 13-mile half-marathon in 50 minutes and 26 seconds, surpassing the human world record of 57 minutes and 20 seconds. The event in Beijing has seen rapid progress from last year, with over 100 robots competing and many running faster than professional athletes.
Nvidia CEO Jensen Huang has joined President Trumps delegation to China and has been pictured in Beijing; the trip has been focusing on trade, AI export controls and Iran. China has not approved any purchases of Nvidias H200 chips and is continuing to push domestic chip development while U.S. export controls remain in place.
The world watches China’s response as it redefines its role in global trade. Premier Li Qiang has framed the shift from China Shock 2.0 to China Opportunity 2.0, arguing that state subsidies are not the main driver of tech rise. Policymakers in Europe and the United States are weighing tougher tariffs and export controls as China’s trade surplus remains at record levels.
China's official manufacturing PMI has edged into expansion at 50.3 in June from May's 50.0, with improvements in new orders and production. Export demand remains a key engine, while domestic consumption shows caution amid a prolonged property downturn. Analysts expect policy support to sustain momentum.
APEC discussions have highlighted a widening gap between the US and China on trade, even as Beijing’s commitments to Boeing orders and US agricultural purchases signal ongoing economic ties. APEC ministers are urging faster implementation of agreed outcomes, with potential shifts as Xi and Trump are expected to meet later this year.
South Korea has accelerated its semiconductor push, pledging hundreds of trillions of won in memory fabs and AI data centers. President Lee Jae-myung frames the plan as national survival, aiming to double memory capacity within five years. Samsung and SK Hynix pledge multi‑trillion investments, with broader plans to build new fabs and hubs in the southwest.
Major device makers have raised prices and warned consumers after memory and storage costs have surged because AI data‑centre buildouts are buying up DRAM and flash. Apple has increased Mac and iPad prices; Microsoft, Sony and Nintendo have signalled or implemented console and hardware hikes. Analysts say shortages will persist into 2027.
The US Department of Commerce has lifted export controls on Anthropic's Claude Fable 5 and Mythos 5, and Anthropic has begun restoring access. Mythos 5 has been cleared for a vetted group of US organisations; Fable 5 — redesigned with stronger safeguards — is being redeployed more broadly after testing and coordination with government officials.
Sysdig and multiple outlets report JadePuffer, an agentic ransomware campaign driven by a large language model, which autonomously executed a full extortion operation. The AI breached a vulnerable server, encrypted data, and wrote its own ransom note, prompting urgent questions for defenders and policy makers.
The impeachment trial of Philippine Vice President Sara Duterte has begun in Manila. Police have deployed thousands around the Senate as supporters and opponents gather. Duterte denies the charges including misuse of funds, bribery and an assassination plot, saying the case is politically motivated. The trial could determine her eligibility for a 2028 presidential bid.