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DeepSeek is preparing an IPO and chasing a $71bn valuation, weeks after its first raise

DeepSeek is getting ready to go public. The Chinese AI lab has started laying the groundwork for an initial public offering, according to Bloomberg. It could file as soon as this year, with a debut targeted for 2027. First, though, it wants to raise more in private. The Hangzhou lab closed its first-ever outside round […]

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‘Listing is a must’: China’s LimX raises $200m as the humanoid IPO race heats up

China’s humanoid gold rush just minted another contender. LimX Dynamics has raised $200m at a $2.21bn valuation. And its founder says the race to list has become do-or-die. A Shenzhen humanoid startup has become the latest name in China’s robot boom to command a giant valuation. On Tuesday, LimX Dynamics said it had closed a […]

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Tower Semiconductor puts $3bn into Japan, and Tokyo is paying for a third of it

Tower Semiconductor said on Tuesday it will spend roughly $3bn expanding its 300mm operations in Japan, net of about $1bn in grants from the Japanese government, in a two-track build-out aimed squarely at the optical components that AI data centres are consuming faster than anyone can make them. The announcement, made with the backing of Japan’s […]

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South Korea flags a record $530bn budget, paid for by the AI chip boom

South Korea will draw up record budget spending of more than 800 trillion won ($530.97bn) for fiscal 2027, supported by stronger tax revenues from the booming AI chip industry, the government said on Monday. It is the clearest sign yet that Seoul intends to spend the semiconductor windfall rather than save it, an argument the […]

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TSMC breaks ground on more advanced packaging fabs in Chiayi

TSMC will build additional advanced packaging fabs in the second phase of the Chiayi Science Park in southern Taiwan, National Science and Technology Council minister Wu Cheng-wen said at a groundbreaking ceremony on Sunday. Packaging is where the AI supply chain currently pinches, and it is the same constraint that Nvidia’s multi-year HBM4 deal with SK Hynix […]

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Samsung pulls its first Yongin chip plant forward to 2029

Samsung Electronics is moving to begin operations at the first chip plant in its Yongin cluster in 2029, one to two years earlier than planned, industry sources told Yonhap. The pull-forward lands inside a national build-out that already carries an $880bn commitment to chips, data centres and robots, and it follows a year in which every […]

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Malaysia’s PM is sending an autonomous AI double out to serve citizens, payment links and all

Malaysia’s prime minister is trying something new: sending an autonomous copy of himself out to serve the public. Anwar Ibrahim is preparing to launch an artificial intelligence version of himself. The avatar is called PMX AI, a nod to his place as Malaysia’s tenth prime minister. Bloomberg reports it could go live within days. A […]

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Nanya plans a $6bn spending surge in 2027 to ride the AI memory boom

Nanya Technology spent years as the also-ran of the memory business, the Taiwanese DRAM maker that Samsung, SK Hynix and Micron never had to worry about much. The AI boom has changed the arithmetic. The company now plans to spend around $6bn in 2027 as it races to expand capacity into a memory shortage that […]

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SoftBank and PayPay said to be in talks to invest in Seven & i

Japan’s biggest payments app and its most famous convenience-store chain may be about to get closer. SoftBank and its payments arm PayPay are in talks to invest in Seven & i Holdings, the retailer behind 7-Eleven, according to Bloomberg, which reported the discussions on Friday. Neither the size nor the structure of any deal has […]

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Taiwan’s central bank chief urges caution on leverage as AI stock rally runs hot

Taiwan’s top central banker has urged investors to steer clear of heavy borrowing to chase the island’s surging stock market, a rally powered by global demand for the AI hardware that Taiwanese firms supply. Yang Chin-long, governor of the Central Bank of the Republic of China (Taiwan), delivered the caution on Thursday while reporting to […]

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