SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Ford Takes $19.5 Billion Charge as EV Strategy Shifts Toward Hybrids 
Chinese chipmaking stocks soared as reports of domestic advancements in extreme ultraviolet (EUV) lithography technology emerged, signaling potential independence from U.S. sanctions.
Semiconductor Manufacturing International Corp (HK:0981), China’s largest chipmaker, rose 7.4% in Hong Kong trading, while Sunny Optical Technology Group Co Ltd (HK:2382) gained 5.4%. Hua Hong Semiconductor Ltd (HK:1347) added 3.4%. Shanghai-listed Will Semiconductor Co Ltd (SS:603501) and Shenzhen-listed NAURA Technology Group Co Ltd (SZ:002371) saw gains of up to 2%.
Local media revealed that scientists from the Harbin Institute of Technology developed a compact, stable EUV light source, enabling the production of advanced sub-7nm chips. This breakthrough could allow Chinese chipmakers to bypass reliance on Dutch EUV equipment manufacturer ASML Holding NV (AS:ASML), which is prohibited from selling such technology to China under U.S. sanctions.
The latest sanctions, aimed at slowing China’s progress in artificial intelligence (AI), have restricted local access to advanced chipmaking tools. However, China's progress in EUV technology boosts the potential for domestic chipmakers to produce cutting-edge AI chips without U.S. technology, mitigating the impact of these restrictions.
Additionally, Beijing’s push to incentivize local chip production is expected to further drive demand in the domestic semiconductor industry, providing a cushion against geopolitical pressures. These developments come amid heightened tensions as global leaders continue adopting hawkish stances against China’s technological advancements.
China’s advancements in EUV technology represent a significant step forward in its ambition to achieve self-reliance in semiconductor manufacturing and maintain a competitive edge in the AI sector.
