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🌍 Overseas

SK Hynix Invests KRW 54.3 Trillion in New Semiconductor Plant, Accelerating Advanced Memory Expansion

Investing a total of KRW 54.3 trillion (~RMB 258 billion) to build new semiconductor bases in Yongin and Cheongju, South Korea, to expand capacity for advanced memory like HBM. Explosive demand for high-bandwidth memory driven by AI training puts memory manufacturers into a massive capex cycle, extending supply chain order visibility.

Apple Tests CXMT: Domestic Memory Enters Apple Supply Chain for First Time

Apple is testing memory chips from ChangXin Memory Technologies (CXMT) for iPhones and MacBooks to address AI memory shortages. Baidu and Qwen were also reported to be entering the Apple ecosystem simultaneously. This marks the first time domestic memory enters Apple's core components, endorsing that "domestic memory is qualified to serve top-tier clients."

• Shein Valued at $22–25 Billion — Pre-IPO financing window, rising exit expectations in primary markets (Bloomberg).
• OpenAI Removes Text Chat Limits on Free ChatGPT Tier — Shift in free strategy, paving the way for paid Agent features (IT Home).
• Anthropic Enables Auto Mode for Claude Code by Default — AI programming moves from "assistance" to "automatic execution" (TechCrunch).
• Berkshire's Abel Ends 14 Quarters of Net Selling, Draws on Cash Reserves — Directional shift by investment giant, possibly signaling renewed risk appetite (IT Home).
• Airbnb Surges 15% Overnight Thanks to AI "Teardown and Rebuild" — Revenue $3.608 billion (+17%), legacy business transformed by AI gets repriced (TMTPost).
• Silicon Valley AI Talent War: Money Alone Isn't Enough — Cursor valued at $60 billion, talent arms race escalates (IT Home).

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🇨🇳 China

Unitree Robotics Begins Subscription Today, A-Shares Welcome "First Humanoid Robot Stock"

Issue price RMB 150.80/share, corresponding market cap approx. RMB 60.993 billion. Winning rate approx. 2–3 per ten thousand, far lower than CXMT's 0.47%. Domestic humanoid robots move from industrial narrative to capital market pricing, significantly impacting valuation anchors across the entire supply chain.

• Apple Tests CXMT Memory Chips — Domestic memory enters Apple supply chain, competition for "China AI + China Chip" entry points heats up (QbitAI/Wall Street Journal).
• Alibaba Qwen Open Platform Launches — Renting cars, sending packages via conversation possible; domestic LLMs move from "chatting" to "doing" (TMTPost).
• Magical Dexterous Hands: RMB 20 Billion Hot Money in Half a Year — About 50% of global dexterous hand companies are in China, three main technical routes, costing hundreds of thousands per unit (QbitAI).
• Chip Design Semi-Annual Reports Show Extreme Divergence — Longsys net profit +74,394%, GigaDevice +1,099%, Cambricon posts consecutive quarters of billion-level profits (TMTPost).

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