China chipmaker CXMT sues Pentagon over military-linked blacklist
Why it matters: The designation can restrict US contracts and deepen commercial damage as CXMT seeks long-term entry into the US market.
Subject
#Dram
Samsung Q2 profit jumps 19-fold as AI memory demand powers record
What's new: Samsung posted 89.49 trillion won in operating profit, beat estimates and rose 1.6% in early Seoul trading.
Bloomberg, CNBC +3
CXMT raises 66.6 billion yuan ahead of blockbuster Shanghai debut
What's new: Investor demand hit 212 times the retail allotment, fueling bets the chipmaker could surge far above its 580 billion yuan IPO valuation.
Bloomberg, BBC News (World) +3
CXMT nears $9.8 billion Shanghai debut as DRAM frenzy lifts valuation
What's new: The IPO was 212 times oversubscribed, putting China’s top memory-chip bet on track to become its biggest listed company on debut.
Apple plans price hikes as AI chip crunch lifts memory costs
What's new: Tim Cook said Apple may use its cash reserves to help expand memory supply, but gave no timing or size for any increases.