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China’s CXMT Signs $3 Billion DRAM Supply Deal With Tencent, Holds Talks With Alibaba, ByteDance and Xiaomi
China’s push to strengthen its semiconductor industry reached another milestone in June 2026 as memory chip maker CXMT reportedly signed a 3 billion DRAM supply deal with Tencent. The company is also in talks with Alibaba, ByteDance, and Xiaomi, signaling rising demand for locally made AI memory chips. As China’s tech giants expand AI infrastructure,…
Amazon’s Rapid Delivery Push Wipes Out Over $15 Billion in Value for Eternal and Swiggy
India’s quick commerce market entered a new phase in June 2026 as Amazon stepped up its rapid delivery expansion, shaking investor confidence. The move triggered a sharp sell-off, wiping out more than $15 billion in the combined market value of Eternal and Swiggy within days. Analysts believe tougher competition could increase spending and delay profits…
Lenovo (HK:0992) Falls 9.8% to HK$21.14 Following Warning That AI Demand Will Continue to Support Memory Prices
Lenovo shares came under selling pressure on Monday after the company shared a long-term outlook that memory chip prices are unlikely to return to last year’s levels. While the stock declined sharply, the company’s comments highlighted a broader trend in the semiconductor industry, where rising artificial intelligence demand is expected to keep DRAM and NAND…
Baidu (NASDAQ: BIDU) Shares Surge 7% After Report Says AI Chip Unit Kunlunxin Targets $50 Billion Valuation in Hong Kong IPO
Baidu shares surged nearly 7% on June 29, 2026, after reports revealed that its AI chip subsidiary, Kunlunxin, is targeting a Hong Kong IPO with a valuation of up to $50 billion. The news has sparked strong investor interest and renewed attention on China’s rapidly expanding AI semiconductor sector. As competition in artificial intelligence intensifies…
Samsung Electronics and SK Hynix to Build Four New Chip Fabs Under South Korea’s ₩800 Trillion Semiconductor Mega Project
South Korea is pushing one of the biggest semiconductor expansion plans in the world, worth about ₩800 trillion, or nearly $520 billion. The plan focuses on strengthening chip manufacturing, AI memory production, and advanced semiconductor supply chains. At the center of this move are Samsung Electronics and SK Hynix, two global leaders in memory chips….
German AI Push Could Unlock €300 Billion in Economic Gains as Companies Battle Growing Worker Shortages
Germany’s labor shortage is becoming a major economic challenge in 2026. With hundreds of thousands more workers retiring each year than entering the workforce, businesses are struggling to fill critical roles across manufacturing, engineering, healthcare, and technology sectors. At the same time, artificial intelligence is gaining momentum as a practical solution. Experts estimate that wider…
Gold Price Today: MCX Gold Falls 0.56% to ₹1,43,350 as US-Iran Escalation Fuels Inflation Worries
The Gold Price in India moved lower during the latest trading session as traders reacted to fresh geopolitical developments in the Middle East. On the Multi Commodity Exchange, August gold futures declined by 0.56%, or around ₹804, to ₹1,43,350 per 10 grams. The decline came even as global uncertainty remained high, showing that investors are…
Crypto Prices Today: Bitcoin Climbs to $59,994 and Ethereum Tops $1,580 as US-Iran Tensions and ETF Outflows Shake Markets
Bitcoin climbed close to the $60,000 mark while Ethereum moved above $1,580 in late June 2026, drawing renewed attention from crypto investors worldwide. The gains came despite continued outflows from U.S. spot Bitcoin ETFs and rising concerns over tensions between the United States and Iran. These competing forces have created a highly uncertain market environment….
Astral (NSE: ASTRAL) Shares Tumble 10% to ₹1,339 After Board Approves Chemicals Demerger, Analysts Flag Growth Concerns
Astral shares took a sharp hit on June 29, 2026. Shares of Astral dropped 6.5% to an early market low of ₹1,390 after the opening bell on Monday, June 29, compared to the previous close of ₹1,486.90, according to NSE data. The stock later touched a session low of ₹1,339. The selloff followed board approval…