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South Korea bets $540bn on a southwest chip hub the grid cannot yet feed

South Korea wants to build its next great chip cluster far from Seoul, in the country’s rural southwest, and it wants to do so at a pace with little precedent. The plan collides with a harder limit than any zoning map, because the region does not yet have the electricity or the water to run […]

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A Chinese AI lab just built a giant data centre with no Nvidia inside

For a year, one question has hung over China’s fast-improving AI models: what are they actually running on? Z.AI has just given part of the answer. It has built a huge data centre that uses only Chinese-made chips. The company, formerly known as Zhipu, has started partially operating the site, Bloomberg reported, citing a person […]

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The firm that wires AI data centres is chasing Hong Kong’s biggest IPO since Alibaba.

One of the quiet winners of the AI boom is about to test the public markets. Zhongji Innolight, a Chinese maker of high-speed optical transceivers, has started gauging demand for a Hong Kong listing worth as much as $8bn. The Shenzhen-listed company won approval for the deal on Friday, Bloomberg reported. It began meeting analysts […]

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Korea’s AI chip market is now the opening bell for global stocks

Fund managers in London, New York, and Tokyo have added a new step to their morning routine: checking South Korean stocks. Korea’s $4 trillion equity market is now offering an early read on global AI risk appetite, as swings in SK Hynix and Samsung ripple through chip stocks worldwide. “We are all Korean investors now,” […]

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Apple raised iPhone 17 prices by 10% in Japan as the yen hovers near a four-decade low

Apple raised the price of the iPhone 17 in Japan by roughly 10%, with the entry-level 256GB model now starting at ¥142,800 ($879), up from ¥129,800 previously, Bloomberg reported on Saturday. The iPhone 17 Pro with the same storage rose 8.3% to ¥194,800. Apple Watch and AirPods models also increased by up to 10%. Apple’s […]

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The AI boom’s least glamorous winner just filed for a $5bn listing, and it wires Google and Amazon’s data centres

While attention fixes on Nvidia and the AI models, the companies quietly wiring the data centres together are booming. Eoptolink, a Chinese maker of high-speed optical transceivers, has filed for a Hong Kong listing that could raise up to $5bn, Bloomberg reports. The plan is a secondary listing on top of its existing Shenzhen shares. It […]

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Mitsubishi Electric weighs power-chip merger with Rohm and Toshiba

Japan’s three biggest power-chip makers want to become one company, and the wiring is proving harder to rearrange than the ambition. Mitsubishi Electric is exploring a combination of its power-semiconductor operations with those of Rohm and Toshiba, according to people familiar with the matter cited by Bloomberg. The talks are part of a wider scramble to […]

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Oracle leads the race to build Japan a secret, air-gapped cloud

Oracle is leading the race to build Japan an air-gapped cloud, sealed off from the internet. Washington wants it to counter Chinese hacking. Before the US shares more of its secrets with Japan, it wants Japan to lock them down. Oracle is now the front-runner to build the vault. Larry Ellison’s company has pulled ahead […]

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Jensen Huang thanks Sega for the $5m that saved Nvidia from bankruptcy in 1995

Nvidia and Sega go back 30 years. Jensen Huang flew to Tokyo to thank the games maker for a $5m investment that saved his company from bankruptcy in 1995. “If not for what Sega did for Nvidia, Nvidia would not be here today.” That is Jensen Huang, chief executive of the world’s most valuable company, […]

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South Korea will give all 52 million citizens free AI access, becoming the first G20 nation to do so

South Korea’s Ministry of Science and ICT opened bidding on July 13 for a free, unlimited AI chatbot and public-service agent available to all 52 million residents. The programme, called “AI for Everyone,” would make South Korea the first G20 nation to offer AI to its entire population as a public service. Two or three […]

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