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22.06.26 - 04:36
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Zhipu AI market cap tops HK$1 trillion as shares of GLM-5.2 developer soar (SCMP)
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The market capitalisation of Hong Kong-listed artificial intelligence pioneer Zhipu AI surpassed HK$1 trillion (US$128 billion) on Monday, fuelled by investor optimism as the company goes head-to-head with its American rivals.
Shares of Zhipu, which trades under the name Knowledge Atlas Technology, skyrocketed as much as 42 per cent on Monday morning to a peak of HK$2,980.
The surge follows the release of Zhipu's open-source GLM-5.2 model last week. Featuring a massive 1-million-token context......
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22.06.26 - 03:06
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South Korean investors leverage Hong Kong to cash in on the AI and chips boom (SCMP)
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FOMO (the fear of missing out) is causing some South Korean retail investors to turn to Hong Kong-based platforms to leverage their investments and cash in on the boom in semiconductors and AI.
Analysts attributed the diversion to Hong Kong from the world's 14th largest economy to leveraged products issued by some of the city's financial institutions, its currency advantages, easier access and regulatory arbitrage. However, the number of South Korean investors using Hong Kong-based platforms......
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22.06.26 - 03:00
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Apple supplier Lingyi seeks US$1.1 billion Hong Kong IPO to fund AI and robotics push (SCMP)
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Apple supplier Lingyi iTech is looking beyond smartphones, seeking to raise up to HK$8.3 billion (US$1.1 billion) in a Hong Kong initial public offering (IPO) to fund an ambitious expansion into artificial intelligence hardware and humanoid robotics.
The Shenzhen-listed electronic components maker is expected to debut on the Hong Kong stock exchange on Friday after offering 811.8 million shares at a maximum price of HK$10.18 each, according to a company filing.
The subscription period opened......
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22.06.26 - 01:54
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FineMat pivots beyond metal masks with AI cooling, semiconductor, and drone push (Digitimes)
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Amid growing localization efforts across China's supply chain, FineMat Applied Materials has seen its metal mask business continue to shrink and is accelerating its transition into AI cooling, semiconductors, and drones. The company's liquid-cooling cold plates for AI applications have already been sampled by end customers and are expected to begin shipping in the second half of 2026. Once volume production ramps in 2027, cooling products could account for more than 50% of total revenue, becoming a key growth driver....
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22.06.26 - 01:54
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Tongtai expands aerospace, AI and semiconductor push under new board (Digitimes)
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Taiwan-based Tongtai Machine & Tool is accelerating its transformation toward high-value manufacturing, leveraging growing opportunities in AI servers, semiconductors and aerospace. At its annual general meeting on June 17, shareholders approved all proposals and elected a new board that includes several aerospace industry veterans, underscoring the company's commitment to expanding into advanced manufacturing sectors despite a challenging operating environment....
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22.06.26 - 01:54
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Taiwan AI delegation pivots to end-to-end solutions at VivaTech to tap European demand (Digitimes)
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The National Science Council organized a Taiwan Tech Arena delegation of 95 companies to attend the VivaTech conference in France, presenting an "AI Taiwan" showcase to promote Taiwan’s AI technologies and applications to European buyers and partners. The delegation departed this year to align with VivaTech’s 10th anniversary and its theme "A New Dimension for a New Decade," aiming to highlight how AI can be integrated into daily life and industry settings....
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22.06.26 - 01:54
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ASMedia launches second transformation plan, targets revenue doubling, AI server market expansion (Digitimes)
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High-speed transmission IC design company ASMedia Technology held its annual shareholders meeting on June 17, completing a full board reshuffle. ASMedia president Che-Wei Lin stated that 2025 revenue surpassed NT$10 billion (approx. US$316.5 million) for the first time, while earnings per share (EPS) reached NT$72.7. However, amid structural changes in the industry driven by the continued expansion in artificial intelligence (AI) server demand, the PC and motherboard sectors have faced severe crowding-out effects....
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