SK Hynix shares jumped 14% during their Nasdaq debut on July 10, following a $26.5 billion share sale. The South Korean chipmaker opened at $170 per American Depositary Receipt (ADR), significantly above the $149 offering price. This move provides the company with direct access to U.S. capital markets and funds for future factory construction, signaling … Read more
Ousted Bangladeshi Prime Minister Sheikh Hasina plans to return to Bangladesh from exile in India around December to face legal proceedings, including a death sentence issued in her absence. Hasina, who served as prime minister for 20 years, stated she intends to surrender to the court despite significant personal safety risks, according to a Reuters … Read more
President Donald Trump’s pledge to allow Ukraine to domestically produce U.S. Patriot air defense missiles marks a significant strategic shift, though defense experts warn that operational production remains at least 12 months away. While the move offers a long-term boost to Kyiv’s defensive capabilities, the immediate shortage of interceptors forces Ukraine to make difficult decisions … Read more
Meta’s Iris Chip: A Strategic Move Toward AI Independence Meta Platforms (META.O) plans to manufacture its custom AI chip, “Iris,” starting in September 2024 as part of a broader effort to boost computing power to 14 gigawatts by 2027, according to an internal memo reviewed by Reuters. The chip, part of Meta’s four-generation MTIA project, … Read more
Pakistan has officially urged all parties to maintain their commitments under the Islamabad Memorandum of Understanding, following a declaration by U.S. President Donald Trump that the interim agreement with Iran is “over.” The 14-point deal, established last month, was designed to halt the war and open the Strait of Hormuz. Did You Know? The 14-point … Read more
Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese are set to meet in Melbourne this week to advance bilateral cooperation on critical minerals, defense, and trade. The talks, centered on an economic roadmap, follow years of limited uranium exports between the nations despite a 2014 nuclear cooperation pact, according to reports from … Read more
NATO leaders have unveiled arms deals worth tens of billions of dollars in Turkey, according to official reports from the alliance’s summit in Ankara. While the move signals a commitment to increased European military spending, President Donald Trump continues to express dissatisfaction with NATO allies, citing insufficient support during the U.S. war on Iran and … Read more
Chinese artificial intelligence startup DeepSeek is developing its own custom inference chips to decrease its reliance on Nvidia and Huawei hardware. According to three people familiar with the matter, the company has ramped up its recruitment of chip-design engineers and is currently in discussions with foundry and memory partners to support its semiconductor ambitions. Why … Read more
Indian Prime Minister Narendra Modi is scheduled to meet Indonesian President Prabowo Subianto on Tuesday to finalize agreements on defense and food security. According to India’s ambassador to Indonesia, Sandeep Chakravorty, the leaders of these two populous nations will discuss memorandums of understanding covering pharmaceuticals, space, and health. What agreements are being discussed? The two … Read more
Ukrainian drones struck the Omsk oil refinery in Siberia on Monday, marking one of the longest-range strikes of the war, according to the Ukrainian General Staff. The facility, which processes approximately 460,000 barrels of oil per day, is located roughly 2,700 kilometers (1,700 miles) from Ukrainian-held territory. While Russian authorities confirmed the attack, regional governor … Read more