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Apple supplier Luxshare set to price Hong Kong’s biggest IPO of 2026 at the top

Luxshare Precision is set to price its Hong Kong listing at the top of its range, a sign of strong demand for one of the year’s marquee share sales. The Apple supplier plans to fix the offer at the maximum HK$63.28 a share, according to people cited by Bloomberg, raising as much as $3.1bn and […]

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Solstice and Element Solutions weigh a $27bn merger of materials makers

Solstice Advanced Materials is in talks to merge with Element Solutions in a deal that would create a specialty-materials company worth about $27bn, according to a Financial Times report. The two would combine as a merger of equals, the paper says, and could reach an agreement as soon as this week, though nothing has been […]

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China’s Biren raises $892M to build GPUs that can take on Nvidia at home

Nvidia can barely sell its best chips in China. A crop of local challengers is racing to fill the gap. One of them just raised nearly $900m to speed up. Shanghai Biren Technology is selling HK$7 billion (about $892.5m) of new shares to boost GPU production. That is according to the South China Morning Post. […]

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Nvidia’s Kyber AI rack slips to 2028, and one circuit board is to blame

Nvidia’s next flagship AI machine has hit a wall, and the culprit is a single circuit board. The Kyber rack meant to house its 2027 Rubin Ultra chips has slipped to 2028. Research firm SemiAnalysis flagged the delay, and CNBC reported it. Kyber is not a chip. It is a server cabinet. It packs 144 […]

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Shampoo and cookies get an AI makeover as consumer giants rewire their labs

The AI story has mostly been told through chips, data centres, and the companies building the models. It is now being told through the shampoo aisle. The world’s largest makers of everyday goods, the businesses behind the bottles and packets in most kitchens and bathrooms, say they are using artificial intelligence to design products and […]

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Minions & Monsters wins July 4 box office with a franchise-low $64M debut

[tldr]Universal’s Minions & Monsters topped the US July 4 box office with roughly $64m over its first five days, the weakest opening in Despicable Me franchise history and far below the $120m-plus debuts of its two predecessors. The soft start raises franchise-fatigue questions for Comcast’s most reliable animation machine.[/tldr] Universal’s Minions & Monsters led the […]

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Judge grants Alibaba a reprieve from the lobbying ban tied to the Pentagon’s blacklist

A federal judge has ordered the Pentagon to give Alibaba temporary relief from a law that stripped it of every lobbyist it had in Washington, Bloomberg reports. The reprieve stands while the court considers whether the measure is constitutional. The case is shaping up as a test of how far the US can go in curbing […]

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Mistral CEO warns closed AI models give providers ‘immense leverage’ over your business

Arthur Mensch, cofounder and chief executive of French AI lab Mistral, has urged enterprise leaders to abandon closed AI models. In a LinkedIn post, he argued that closed providers are now forcing data retention and gaining “immense leverage” over their customers’ businesses. As companies connect models to their internal context, Mensch wrote, providers see it, learn […]

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Micron breaks ground on $9bn Hiroshima expansion to chase AI memory demand

Micron Technology broke ground on Saturday on a ¥1.5 trillion, roughly $9.3bn, expansion of its factory in Hiroshima, western Japan, the company’s latest bet on the AI memory boom that has already pushed its market value past $1 trillion. The Boise, Idaho based chipmaker will use the site to produce high-bandwidth memory, the stacked DRAM […]

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The AI chip trade cracked this week, and the hunt for what replaces it has begun

The trade that defined the first half of 2026, buying anything with proximity to a GPU, broke apart in the holiday-shortened week before Independence Day. The PHLX Semiconductor Index, which had surged more than 80% in the first half, sank 6.3% on Wednesday and 5.4% on Thursday, a two-session decline of roughly 12%. While chip stocks […]

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