Philippine GDP Growth Slows to 2.3% in Q2 
Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
Australia Trade Surplus Returns in June as Iron Ore, Coal and LNG Exports Surge 
US Stock Futures Rise as Markets Await July Payrolls Data 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
Singapore Says One-Third of U.S. Exports Hit by New 12.5% Tariff 
Samsung Electronics Delays ASML Equipment Deliveries
Samsung Electronics has delayed the delivery of chipmaking equipment from ASML for its upcoming $17 billion factory in Taylor, Texas. According to sources, the company has yet to secure major customers for this ambitious project, leading to a temporary halt in orders from various suppliers.
This delay represents a significant setback for Samsung's strategy to diversify from its core memory chip business into the lucrative contract chip manufacturing market, dominated by Taiwan's TSMC. As TSMC and SK Hynix ramp up production to meet the rising demand for advanced chips driven by artificial intelligence (AI), Samsung finds itself at a critical juncture.
ASML, the leading supplier of chipmaking equipment, has also revised its 2025 sales forecast downward due to decreased demand in markets outside of AI. The delayed shipments to Samsung's factory involve ASML's cutting-edge extreme ultraviolet (EUV) lithography machines, which are essential for producing high-performance chips used in smartphones and AI servers.
While Samsung has not disclosed how many EUV machines it has ordered, the advanced equipment typically costs around $200 million each. Both ASML and Samsung declined to comment on the situation.
