SK HYNIX HITS $1T MARKET VALUE MILESTONE
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SK Hynix became the third Asian company to reach $1 trillion in market capitalization after its stock surged 11% on Wednesday. The South Korean chipmaker's shares have climbed more than 900% over the past year.
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Chinese memory chipmaker CXMT Corp. (ChangXin Memory Technologies) has filed terms for a roughly $9.8 billion initial public offering on Shanghai's STAR Board, a platform designed for technology companies.
DFSX, a Chinese startup backed by state entities and Jack Ma's venture fund, has launched an AI chip built on 14nm process technology using a fully domestic supply chain. The company claims the chip can match the performance of advanced 4nm processors.
Hisense has unveiled the A10, an E Ink phone with a detachable full-color LCD screen that magnetically attaches to the device's rear. The dual-display system offers flexibility between e-reader functionality and traditional smartphone use.
Taiwan Semiconductor Manufacturing Co. and ASML Holding NV report results this week amid a significant selloff in AI-inflated technology stocks. Their earnings will signal the health of the chipmaking supply chain at a critical moment for investor confidence.