SK Hynix raises $26.5B in the biggest foreign IPO in US history, is urged to build new US fabs
South Korean chipmaker SK Hynix has raised 26.5 billion dollars in a historic U.S. initial public offering amid soaring demand for AI hardware.
South Korean chipmaker SK Hynix has raised 26.5 billion dollars in a historic U.S. initial public offering amid soaring demand for AI hardware.
Chinese artificial intelligence startup MiniMax secured 2.2 billion HKD shortly after its shares dropped significantly following a lock-up expiration.
Silicon Valley AI chip startup Etched has raised a total of 800 million dollars at a five billion dollar valuation to develop Sohu, an ASIC designed exclusively for running Transformer models.
Reports suggest Tencent is negotiating a deal involving AI agent startup Manus, though sources indicate Tencent will maintain a minority stake rather than acquiring a controlling interest.
The CEO of Chinese AI startup MiniMax has pledged to work without a salary until artificial general intelligence is achieved, as the company seeks to raise $2 billion following a steep stock decline.
Embodied AI startup Yingkan Zhiyi has raised tens of millions of yuan in its third funding round within three months to advance its bionic flapping-wing robots and fluid simulation engines.
Embodied AI bionic flapping-wing robotics company Yingkan Zhiyi has secured tens of millions of yuan in a Series A funding round led by Oriza PUHUA.
Major U.S. stock indexes closed higher as SK Hynix's ADR surged over 12% on its first day of trading on the Nasdaq.
Multiple Chinese public companies reported significant earnings growth driven by rising demand for AI-related enterprise storage and raw materials.
AI content and interactive entertainment company FansAI has fully acquired the AI music application developer Xinying Technology.
Elliott Investment Management has reportedly acquired a significant stake in CCC Intelligent Solutions, an insurance software provider currently exploring a potential sale.
Chinese memory chip manufacturer ChangXin Memory Technologies has initiated its STAR Market IPO process to raise 29.5 billion RMB.
CITIC Securities and CSC Financial have formed a 31-member team to guide Yangtze Memory Technologies Corp through its initial public offering process.
Shein has received approval from the China Securities Regulatory Commission for its planned initial public offering on the Hong Kong Stock Exchange.
US large-cap technology stocks showed mixed performance in pre-market trading, with Meta rising over four percent.
Major Chinese concept stocks, including Alibaba and Baidu, experienced pre-market gains in US trading.
Fast-fashion retailer Shein has obtained approval from Chinese regulators to proceed with an initial public offering on the Hong Kong stock exchange.
The China Futures Association reported a 52.72 percent year-on-year increase in national futures market transaction value for June.
French telecom billionaire Xavier Niel's investment vehicle Vega is set to become Vodafone's largest shareholder after acquiring a 16 percent stake for approximately 4.4 billion pounds.
The outstanding volume of Panda bonds has exceeded 500 billion yuan for the first time, driven by lower financing costs in RMB and a stabilizing exchange rate.