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TCL Tech has confirmed its participation as a strategic investor in ChangXin Tech's IPO, investing approximately 158 million yuan for 18.24 million shares. This move highlights TCL's strategic expansion into the semiconductor supply chain.
Read MoreAn official from South Korea's Financial Supervisory Service clarified that policy measures announced on Thursday are not targeted at overseas securities firms. The statement aims to dispel market misunderstandings and emphasizes the focus is on overall market stability and investor protection.
Read MoreThe Trump administration has secured an additional $100 billion semiconductor manufacturing investment quota for TSMC, bringing its total US commitment to $265 billion. This move, confirmed by the US Commerce Department, aims to bolster domestic chip production and could significantly reshape global supply chain dynamics.
Read MoreAs of July 16, Shanghai has registered 4 new generative AI services, bringing the total to 200. This reflects the city's progress in standardizing AI industry development and strengthening regulatory frameworks.
Read MoreAt the upcoming World AI Conference, Alibaba will showcase its latest AI agent platforms. DAMO Academy will open its "DAMO Lingshu" research agent for testing, which has aided in predicting tens of thousands of potential superconducting materials. Alibaba Cloud's Bailian platform also launched a new subscription service, serving millions of global enterprise users.
Read MoreUkraine's security service says it struck two Russian oil tankers in the Black Sea using naval drones on July 16, targeting vessels involved in Moscow's petroleum transport operations. Russia has not yet publicly commented on the reported attacks, highlighting escalating maritime tensions in the region.
Read MoreBitcoin has broken below the critical $64,000 support level, currently trading at $63,992 with a 0.9% decline over 24 hours. Heightened market volatility underscores the need for investors to exercise caution and implement robust risk management strategies.
Read MoreJuly 16th saw significant capital outflows from China's A-share tech sector. Zhongji Innolight and GigaDevice led the sell-off with net outflows of 3.47 billion and 2.87 billion yuan respectively, topping the list of ten major stocks experiencing capital flight. This concentrated selling reflects profit-taking in high-valuation tech stocks and suggests growing near-term adjustment pressure for the sector.
Read MoreOn July 16, the token launch platform vlad.fun on Robinhood Chain announced a temporary shutdown due to serious integrity issues within its team. A full investigation, system security review, and legal actions against responsible parties are underway. A complete report will be released soon.
Read MoreThe U.S. launched an anti-circumvention investigation into Chinese crystalline silicon photovoltaic cells on July 13, 2026, examining whether assembly in Ethiopia or Vietnam is used to bypass existing tariffs. This marks a significant escalation in trade restrictions following 2024 sunset reviews.
Read MoreJapan is set to purchase 27,500 of Nvidia's next-generation Rubin AI chips. This move aims to build domestic robot foundation AI models, strengthening Japan's "sovereign AI" strategy and reducing reliance on foreign technology to boost local industry competitiveness.
Read MoreSamsung is reportedly considering outsourcing the backend design for a key I/O module in Google's next-generation 2nm Tensor Processing Unit (TPU), codenamed 'Icefish'. This move comes as the foundry grapples with surging orders and strained internal engineering resources.
Read MoreThe U.S. Senate unanimously passed a resolution opposing clemency for FTX founder Sam Bankman-Fried. The non-binding vote signals strong bipartisan skepticism toward crypto fraud, even as SBF serves a 25-year sentence. The move highlights ongoing regulatory scrutiny in the industry.
Read MoreFormer NY Fed economist warns the new Fed chair’s aggressive hawkish start may create a ‘credibility trap.’ If upcoming inflation data shows noise, he could be pressured to hike rates to maintain his tough stance—even if unjustified—limiting policy flexibility.
Read MoreBinance Futures has launched USDⓈ-M perpetual contracts for MUU, SOXS, and TZA pairs, effective July 16. This expansion enhances the platform's derivatives offerings, providing traders with new tools for portfolio diversification and risk management.
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