Apple

SK Hynix is listing its American depositary receipts (ADRs) on the U.S. stock market amid soaring demand for memory chips driven by AI development. The company raised $26.5 billion through the offering, partnered with Nvidia for advanced memory chips, and plans to expand in the U.S. with a production facility in Indiana.

SK Hynix is entering the U.S. stock market with a $26.5 billion IPO, driven by soaring demand for memory chips fueled by AI advancements. The company partners with Nvidia and holds a dominant position in high bandwidth memory, a critical component for AI development.

The UN expresses deep concern over ongoing drone attacks in Sudan. The ICC is preparing investigations into atrocities in Sudan's war, while the AI for Good Summit is underway in Geneva. An artist's music was removed from Apple following controversy over AI use in vocals.

The article discusses rumors and leaks about Apple's upcoming iPhone Ultra or iPhone Fold, highlighting it as the most anticipated iPhone in years. It compiles credible leaks regarding potential features, price, and release date.

Back-to-school sales are starting in July, with retailers like Target and Walmart offering discounts on supplies, backpacks, and laptops. Shoppers can save using apps, loyalty programs, and student discounts, while teachers can access classroom wish lists and rewards.

Small-cap IPOs in Hong Kong are underperforming as the market shifts focus to mega-deals like Zhipu AI. Five of 13 IPOs debuted below their issue prices this week, including Luxshare, a major Apple supplier, which fell over 9%.

Budget smartphones face declining sales and rising costs due to memory and storage chip shortages driven by the AI boom. Memory costs now comprise over 60% of materials for sub-$400 phones, forcing companies like OPPO and Xiaomi to raise prices. Omdia predicts a 22% decline in this market segment in 2024.

Rising prices for new tech devices like Apple MacBooks, Microsoft Xboxes, and Dell PCs are driving consumers to buy refurbished or secondhand electronics. Companies such as Back Market and PayMore report significant sales spikes in used laptops and gadgets, with Apple's price hikes directly boosting demand for pre-owned MacBooks. The trend reflects a shift in consumer priorities toward affordability over newness.

Zhipu experienced a significant stock price surge following a $4 billion share sale. The event was reported by The China Show.

Apple has selected Broadcom's Fort Collins plant for a multiyear agreement to manufacture 15 billion chips for wireless devices as part of a $30 billion deal.

The Sun Valley conference, originally a media-finance gathering, has shifted to prioritize tech leaders like Sam Altman, Tim Cook, and Jeff Bezos over traditional media moguls. The event, hosted by Allen & Co., remains a private networking hub for influential figures in tech, media, and finance.

Apple will invest over $30 billion in U.S.-made chips from Broadcom for wireless connectivity in devices like iPhones and Macs. Oil prices increased due to U.S.-Iran tensions and concerns over shipping through the Strait of Hormuz. Lavazza warns coffee prices will remain elevated due to supply risks, speculation, and uncertainty.

Apple is closing in on Nvidia in the race to become the largest U.S. company, with their stock market cap gap narrowing to about $200 billion. This follows selling pressure on chip stocks due to concerns over AI spending.

Oil prices are rising sharply, and Apple is announcing increased investments in U.S. manufacturing. The article highlights these developments as key factors to monitor in the stock market.

Apple is investing over $30 billion in a multiyear agreement with Broadcom to manufacture more than 15 billion U.S.-made chips. The partnership includes expanding a factory in Colorado as part of Apple's largest U.S. manufacturing commitment to date.

Apple is testing devices with Chinese-made DRAM produced by CXMT, a company reportedly linked to the People's Liberation Army. The company is described as US-blocked.

Apple has entered a $30 billion investment deal with Broadcom under a Trump-backed US investment pledge. The iPhone maker is increasing investments in Colorado to align with the president's initiatives.

Apple is expanding its partnership with Broadcom through a $30 billion-plus chipmaking agreement, marking its largest U.S. manufacturing commitment to date.

Apple lost its challenge against the EU's Digital Markets Act (DMA), which designates its app stores and iOS as gatekeepers with obligations to promote competition. The DMA, effective since May 2023, allows fines up to 10% of a company's global turnover and has faced legal challenges from Apple, Meta, and ByteDance.

The EU General Court dismissed Apple’s legal challenge against its designation as a gatekeeper under the Digital Markets Act (DMA), confirming its status for controlling iOS and the App Store. Apple also failed to argue that DMA interoperability rules violated its rights, and the court rejected its claim to treat five App Stores as separate services.

Robinhood cofounder Baiju Bhatt plans to buy Ferrari's first electric vehicle, the Luce, for his wife to use as a family car. The Luce, designed with input from former Apple designer Jony Ive, has sparked polarizing reactions due to its departure from Ferrari's traditional sports car design, with critics comparing it to more affordable electric vehicles like the Nissan Leaf.

Samsung will launch a new wide foldable phone on July 22nd during its Galaxy Unpacked event, expanding its foldable line to a third format. The device is expected to compete with Huawei's Pura X Max and Apple's rumored foldable iPhone, alongside updated versions of existing Flip and Fold models.

Cao Liangliang, a former principal engineer at Google DeepMind and architect of foundational AI systems at Google, Apple, and IBM, has returned to Hong Kong after two decades and been appointed as Chair Professor of Data Science and Artificial Intelligence at Hong Kong Polytechnic University. His return marks a homecoming for Hong Kong’s AI community.

Apple is beginning to test CXMT chips for devices sold in China, according to the Financial Times. The testing process is focused on hardware components intended for the Chinese market.

Apple is nearing Nvidia in market value as it aims to become the largest U.S. company again. Nvidia's valuation has dropped to 2013 levels while Apple's shares are rising.

A user reports receiving frequent scam voicemails claiming loan approvals, which their wife has been getting for over a month. The calls, often about debt consolidation or unsecured loans ranging from $26K to $70K, are blocked and reported, but the user seeks ways to stop them. The voicemails only appear on the wife's phone, linked to the user's Apple account.

AI investors are shifting focus to memory chips as a new chokepoint in the AI industry, with Apple raising prices on devices due to scarcity. SK Hynix's upcoming $28 billion US IPO and mixed stock performance of Micron and Samsung highlight market dynamics, while Morgan Stanley's Mike Wilson suggests momentum may be peaking.

World markets showed mixed results with Korean shares slumping despite an AI-driven rebound in U.S. markets. South Korea's Kospi fell 4.9% as Samsung Electronics and SK Hynix shares declined, while AI stocks on Wall Street rose. SK Hynix plans a $28 billion U.S. IPO as concerns over AI stock valuations persist.

Broadcom and Apple have extended their custom silicon partnership until 2031, with Broadcom supplying components like Wi-Fi, Bluetooth, and charging chips. The collaboration, ongoing since the late 2000s, includes developing custom ASICs for multiple Apple product generations.

Asian markets declined, with South Korea's Kospi dropping 7.6% despite a rebound in AI stocks that pushed the S&P 500 near a record. Samsung and SK Hynix stocks fell despite strong earnings, reflecting concerns over AI sector volatility and investment sustainability.

Asian markets retreated, with South Korea's Kospi dropping 7.6% despite AI stocks rebounding on Wall Street, which pushed the S&P 500 near a record. Samsung and SK Hynix shares fell despite strong earnings, raising concerns about AI sector overvaluation. SK Hynix plans a $28 billion U.S. IPO, and AI-related companies like Broadcom and TeraWulf saw mixed performance.

The US stock market rose as chip stocks led a Big Tech rally driven by renewed AI sector momentum. Broadcom extended its semiconductor supply deal with Apple until 2031, while investors anticipate Samsung's earnings and SK Hynix's potential $28 billion US listing.

A rebound in AI stocks lifted the S&P 500 within 1% of its record, with the Nasdaq composite rising 1.1% and the Dow reaching a record high. Broadcom and TeraWulf saw significant gains, while SK Hynix and SpaceX faced volatility despite large fundraising plans.

Broadcom and Apple have extended their chips partnership to 2031. The collaboration involves Apple Inc and is documented in a Bloomberg report with a photograph by Craig Warga.

Apple has shelved a product described as 'most innovative product in years' amid concerns it could spy on users.

A user received a text message warning that their Apple ID was used to sign in to iCloud on a MacBook Pro 16" and incurred a $630 USD Apple Pay pre-authorization charge. The message advised checking account security if the activity was unrecognized.

Broadcom extended its chip supply agreement with Apple through 2031, maintaining Apple as a major customer. American families are starting back-to-school shopping earlier due to rising costs, with retailers offering extended promotions. An Ebola outbreak in the Democratic Republic of Congo and Uganda is spreading, prompting increased international support.

A Shenzhen-based startup founded by a former Apple Watch engineer is developing a $1 billion smart glasses product to compete with Meta. The company aims to challenge Meta's position in the fast-growing smart glasses market.

The article commemorates Chief Justice John Marshall's death in 1835 and highlights upcoming Supreme Court cases on gun regulations, LGBT rights, voting restrictions, and tech-related issues. It also notes a bipartisan coalition challenging tech age verification laws and conservative efforts to expand trans athlete bans following a recent Supreme Court ruling.

Apple's rumored folding iPhone 'Ultra' may face initial shortages upon launch, making it difficult for many interested buyers to obtain the device at first.