Capital and special municipality of Taiwan, core of Greater Taipei
Taiwan faces intensified pressure as China expands coast guard patrols and maritime activities near its east coast. Western capitals warn that regional stability is at risk, while Taiwan conducts drills to test rapid deployment amid ongoing defence modernization and new drone capabilities being debated in Taipei.
A wave of investments and new product launches are accelerating the shift from demos to real deployments in humanoid robotics, with several players eyeing overseas expansion and new pricing models.
SK Hynix has raised $26.5bn by selling 177.9m American depositary receipts at $149 each, in the largest-ever US share sale by a foreign company. Its ADRs have begun trading on Nasdaq under temporary ticker SKHYV and will convert to SKHY; the company is using proceeds to expand fabs, packaging and EUV capacity as AI-driven memory demand surges.
Luxshare Precision Industry plans a Hong Kong share sale to raise up to HK$24.3 billion, largely for expanding beyond consumer electronics into automotive and data-center hardware. The deal targets international investors, with pricing details due in early July and trading expected to begin July 9.
China is expanding its sanctions framework, with new measures targeting foreign entities deemed to threaten its interests. The changes could complicate compliance for multinationals navigating US/EU sanctions and Chinese countermeasures. Regulators warn penalties may include fines, asset freezes and export controls as they implement Decrees 834 and 835.
PepsiCo has reported a mixed second quarter, with North American volumes flat or down and international markets driving overall growth. Revenue rose 6.4% to $24.18 billion, but North American beverage volumes fell 4% and per-share earnings narrowly missed expectations. The company has signaled a slower but steady recovery in North America as inflation pressures persist.
Typhoon Bavi has made two landfalls in Zhejiang province and has weakened to a severe tropical storm while still carrying vast moisture. Authorities have evacuated more than 1.7 million people in Zhejiang and moved hundreds of thousands in neighbouring provinces; flights and train services have been cancelled and flooding, fallen trees and landslides have been reported.
AMD has unveiled its Helios AI rack system at Advancing AI in San Francisco, promising higher throughput and lower cost per token. The system targets hyperscalers and data centers, with partnerships across Microsoft, Anthropic, OpenAI, and others. The move intensifies the race with Nvidia as AMD argues Helios delivers greater inference efficiency.
Brent crude has fallen about 8–9% to below $88–$92 a barrel after prices briefly topped $100 last week. The drop follows pauses in US–Iran strikes and reports that both sides have halted attacks to allow diplomacy. Markets remain volatile because shipping through the Strait of Hormuz and the Red Sea is still disrupted and analysts warn supply risks and inflationary pressure persist.
The weekend has seen a pause in Iran’s retaliatory strikes as talks with Oman progress on safe passage through the Strait of Hormuz. The US has held off further strikes, while Yemen’s Houthi actions have expanded and crude prices have eased from earlier spikes, though Brent remains above $90 a barrel.
China’s coast guard activities and disputed claims in the South China Sea continue to heighten regional tensions. The United States and Philippines reaffirm support for freedom of navigation as ASEAN accelerates talks on a binding code of conduct. New rules around Scarborough Shoal and demonstrations of maritime enforcement are intensifying the arguments over sovereignty and security in the region.
Taiwan’s Han Kuang exercises are extending to 10 days, testing 24-hour defense operations, urban resilience, and new US-inspired tactics. Civilians are mobilized, internet slowdowns simulate disruption, and reservists are being expanded to strengthen civil defense amid heightened tensions with China.
Hollywood’s Odyssey faces a China market where domestic films dominate as Beijing curbs Western releases. Nolan’s film has a Beijing premiere, strong weekend previews, and rising interest online, but analysts caution that China’s box office remains challenging for foreign blocks.
The US has imposed a 15% tariff and set minimum import prices on polysilicon and related products, effective in December, after a yearlong Commerce Department national security review. The order targets Chinese-dominated supply chains, offers incentives to expand domestic production and is prompting pushback from Beijing.
Typhoon Dolphin has tracked west from the Pacific toward Okinawa and Kyushu with sustained winds near 144–162 km/h, forcing Naha Airport to close and cancelling flights. Evacuation centres are hosting hundreds; authorities are warning of heavy rain, storm surge and gusts that will threaten damaged homes and infrastructure as the storm heads toward China’s eastern coast.
Typhoon Dolphin has weakened inland but continues to cause extreme rainfall and floods across Zhejiang, Shanghai and Fujian. Authorities have evacuated hundreds of thousands, canceled thousands of flights, and closed major attractions as the storm moves westward.
Multiple storms have triggered record rainfall across parts of South Korea, the Philippines and China, causing evacuations, power outages and injuries. Geoje and nearby areas have seen rescues and ongoing emergency responses as the deluge continues.
Taiwanese prosecutors have indicted nine people over the alleged illegal export of Nvidia GPUs to China, with several servers shipped via Indonesia, Japan, and Hong Kong. The case underscores ongoing US-China tech frictions and Taiwan’s tightening export rules to curb restricted technology reaching China.
The Gao Brothers’ artist Gao Zhen has been sentenced to three years in a Hebei prison for works that authorities deem insulting to revolutionary figures. He has been detained since August 2024 and plans to appeal. Amnesty International and UN groups condemn the ruling as a crackdown on artistic expression.
Apple unveils new M6 and M5 Ultra chips across Mac Mini and Mac Studio, boosting on‑device AI workloads. Analysts say the upgrades sharpen local inference capabilities, with higher memory bandwidth and multi‑chip configurations. Pricing rises from this week’s preorders, signaling heavier investment in AI-enabled workflows.
Pacific Islands Forum leaders are confronting a mounting climate crisis and rising geopolitical pressures as big powers seek influence in the region. Discussions underscore the need for a Pacific-driven agenda amid El Niño disruptions, fuel shocks, and funding gaps for adaptation.
Nvidia has invested in MediaTek’s AI chip ambitions, enabling NVLink Fusion connectivity and local AI computing. MediaTek’s shares have rallied as the partnership deepens MediaTek’s role in custom AI chips for data centers; the collaboration extends to PC and automotive platforms, signaling Nvidia’s continued influence in AI infrastructure.
Pacific Islands Forum opens in Palau as Beijing objects to Taiwan’s attendance. Pacific leaders press for autonomy in agenda; China warns of consequences. Taiwan’s foreign minister attends, sparking diplomatic friction.
Kuang’s Taipei Story follows Lily Chen, a Yale student in Taipei, as she pursues Mandarin learning, navigates culture, family secrets, and the ache of home. The novel blends humor with sharp observations on language, identity, and diaspora, while tracing the limits of linguistic belonging.
Memory-chip makers SK Hynix and Intel are exploring options to manufacture memory chips in the United States, including leasing space at Intel’s Ohio plant or forming a joint venture with cloud providers. Reuters notes potential government scrutiny; no decisions have been finalized.
AP News reports that President Trump is welcoming Chinese leader Xi Jinping with a state visit and a high-stakes push to redefine economic ties, even as critics warn of social and political tensions. The administration has secured stakes in more than 30 private companies, including Intel and Westinghouse, as part of a broader strategy, while Republicans mount attack lines over socialism and government involvement in the economy.
US ambassador David Perdue has said President Donald Trump asked Chinese President Xi Jinping whether China would like to buy US weapons. The State Department has clarified that US law prohibits arms sales to China and there is no plan to do so. The comments come as Washington has paused a roughly $14bn arms package to Taiwan and Taipei continues to press allies for defence supplies.
China seeks to lock in favorable terms on Taiwan and trade as Xi meets Trump; both leaders have touted an unprecedented timetable for talks this year. A new extension to existing agreements removes tension ahead of future summits in Shenzhen and Miami.