Bloomberg News
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Samsung, SK Hynix Reportedly to Invest $1.3 Trillion Over 10 Years
For Samsung and SK Group, the major investments would reflect mounting demand for AI chips, memory and data center infrastructure, while aligning with President Lee's push to preserve South Korea's technological edge against rivals including the US, China and Taiwan.
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Soaring iPad, Xbox Prices Reveal Pain of Memory Chip Mess
Apple is lobbying the Trump administration for approval to buy memory chips from a blacklisted Chinese supplier ChangXin Memory Technologies, the Financial Times reported, underscoring the supply chain challenges facing electronics manufacturers.
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China, India See Top Firms Lose Market Cap Share in AI Lag
Hong Kong remains the least top-heavy market, with big-company concentration slipping to 9.8% from 10%, though the city is largely shaped by financials and mainland-firm listings.
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Gold Declines as Fresh US-Iran Tension Fans Inflation Concerns
Treasury yields dipped after the US personal consumption expenditures price index, the Federal Reserve's favored inflation gauge, rose 0.4% in May from the previous month.
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Soaring iPad, Xbox Prices Reveal Pain Of Memory Chip Mess
Apple and Microsoft raised prices on devices due to a persistent memory chip shortage driven by AI demand, with supply unlikely to meet demand before 2028.
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ISRO Fires Up Next-Gen Rocket Engine In Tamil Nadu
The successful trial followed earlier tests at 47% and 60% thrust, ISRO said, adding the latest achievement will provide "sufficient confidence" to proceed with a full-thrust demonstration at 200 tons.
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Anthropic's Mythos 5 AI Model Cleared By US For Wider Use
The clearance eases a confrontation that erupted two weeks ago when the government abruptly barred Anthropic from giving foreign nationals access to Mythos 5 and a related model, Fable 5, over fears that security guardrails could be circumvented.
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OpenAI Limits Release Of New Model Under Pressure From US
The government's involvement in the rollout adds to growing pressure from the White House on AI developers.
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Trump Vows 100% Tariff On Countries Over Digital Services Taxes
The threat underscores the intensity of the Trump administration's campaign against digital services taxes, which he has long argued could affect large US technology companies such as Alphabet Inc. and Meta Platforms Inc.
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John Bolton, Former National Security Adviser To Trump, Pleads Guilty To Mishandling Classified Material
The indictment against Bolton came as Trump pushed Justice Department officials to investigate and prosecute his perceived political enemies, including former FBI Director James Comey and New York Attorney General Letitia James.
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Tata Sons Listing Pressure Mounts As RBI Rejects Rule Tweaks
Tata Sons, which falls within the RBI's so-called upper-layer category, has long resisted a listing due to the additional compliance and disclosure burdens. The firm is the holding company of the $180 billion salt-to-semiconductors.
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OpenAI Leans Toward Waiting Until 2027 For IPO: Report
OpenAI and rival Anthropic PBC have been racing to make their Wall Street debuts as soon as this year, in a bid to attract public market investors and support their heavy spending on chips and data centers for AI.
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Iraq Walks Back Threat On Leaving OPEC Over Output Limits
Iraq isn't considering leaving OPEC, the nation's oil ministry said.
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Apple Raises Mac And iPad Prices To Counter Memory Shortages
Apple has raised the prices of its flagship gadgets at the entry level, including the iPad, iMac and Mac Studio.
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US Inflation Climbs To Three-Year High, Spending Picks Up
The personal consumption expenditures price index rose 4.1% last month from a year earlier, the most since April 2023.
