Topic: #technology
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Taiwan, South Korea, Japan control global semiconductor supply—crypto depends on it
Northeast Asia's dominance in semiconductor manufacturing—from Taiwan's advanced chip foundries to South Korea's memory production—underpins the entire crypto mining and validator ecosystem. Supply constraints in the region ripple directly into mining economics and hardware costs.
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Kuaishou raises $3B for Kling AI, targets Hong Kong IPO in 12 months
Kuaishou Technology announced a $3 billion funding round for its AI video-generation subsidiary Kling AI in Hong Kong, valuing the unit at $18 billion post-money and planning an IPO within 12 months. The round represents a 10% markdown from Kling AI's April valuation of $20 billion.
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Nvidia shifts to revenue-sharing model with Australian cloud provider SharonAI
Nvidia announced a six-year partnership with Australian cloud provider SharonAI under a new revenue-sharing model, marking a shift toward predictable, subscription-like income streams from AI infrastructure deployments.
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Tech Profit-Taking Hits Nasdaq, Semiconductors; Meta Surges on AI Cloud Service
US equity markets declined on July 1 as investors trimmed technology positions, with the Nasdaq falling 0.66% and semiconductors hit hardest. Meta Platforms bucked the trend, surging 9% after announcing plans to monetize excess AI computing capacity through a new cloud service.
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Mohalla Tech seeks $400M IPO in 2027 after achieving profitability
Mohalla Tech, the company behind India's ShareChat and Moj social platforms, plans to raise up to $400 million through a public listing in 2027 after achieving operational profitability in Q1 FY2027. The move signals a shift toward investor confidence based on unit economics rather than growth-at-any-cost narratives.
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Tesla converts Fremont factory to Optimus robot production
Tesla has repurposed its Fremont factory's Model S and Model X production line to manufacture Gen 3 Optimus robots, with footage surfacing July 1 showing the new assembly operation underway. The company targets 1 million units annually.
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Bending Spoons prices IPO above range, raises $1.62B in largest European tech listing
Bending Spoons, a Milan-based digital acquirer, raised $1.62 billion in its Nasdaq IPO priced above the marketed range, valuing the company near $20 billion. The offering marks the largest European tech IPO in recent memory.
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Taiwan raids Super Micro Computer in Nvidia chip smuggling probe
Taiwanese prosecutors searched Super Micro Computer's Taiwan offices and residences of six individuals on June 29 as part of an expanding investigation into alleged illegal exports of Nvidia AI chips to China, following US federal charges unsealed in March.
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Luxshare targets $3.1B Hong Kong IPO, largest of 2026
Chinese electronics manufacturer Luxshare Precision Industry is seeking up to $3.1 billion in proceeds from a secondary listing on the Hong Kong Stock Exchange, marking the year's largest IPO and opening the company to global institutional investors.
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Soitec partners with ZenSemi to scale power chips for AI and EVs
French semiconductor materials company Soitec has partnered with Chinese specialty foundry ZenSemi to ramp production of BCD-on-SOI substrates for power management chips targeting AI datacenters, electric vehicles, and industrial systems.
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Apple lobbies Trump for CXMT DRAM waiver amid chip supply crunch
Apple is seeking U.S. government approval to procure memory chips from ChangXin Memory Technologies, a Chinese manufacturer on the Pentagon's military list, as commodity DRAM prices surge and AI-driven demand strains supply chains globally.
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Microsoft's Topological Qubit Claims Challenged in Nature Critique
A University of St Andrews researcher published a formal critique in Nature arguing Microsoft has not demonstrated the topological qubit underlying its Majorana 2 quantum chip, citing experimental noise and unpublished data concerns.
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STMicroelectronics launches ST54M with post-quantum crypto accelerator
STMicroelectronics unveiled the ST54M on June 24, a mobile chip with dedicated hardware for post-quantum cryptography that defends against harvest-now-decrypt-later attacks. The company has begun shipping samples and expects certifications by July 2026.
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Solana Foundation launches Frontier Traders with tiered rebates for pro traders
Solana Foundation introduced Frontier Traders on June 17, a program that aggregates trading activity across venues and offers tiered rebates and priority infrastructure to high-volume traders, targeting market makers and prop firms.
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Momenta Global tests Hong Kong IPO appetite this week at $9B valuation
Chinese autonomous-driving startup Momenta is gauging investor interest for a Hong Kong listing targeting roughly $1 billion in proceeds at a $9 billion valuation, following regulatory approval from China's CSRC on June 10.
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Ubisoft Co-Founder Claude Guillemot Dies in Plane Crash at 69
Claude Guillemot, co-founder and executive vice-president of Ubisoft, died in a plane crash near La Baule, France on June 19. He was 69. A twin-engine Cessna 421 crashed during approach, killing Guillemot and a flight instructor.
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SpaceX IPO surges 19% on $85B debut; $1.3B Bitcoin position reshapes crypto
SpaceX's $85 billion IPO debut sparked a 19% first-day rally before cooling 3%, but the real story is its $1.3 billion Bitcoin holdings—making it one of the largest corporate crypto holders now trading publicly and potentially amplifying digital-asset volatility.
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DeepSeek closes $7.4B funding round with employee non-poaching clause
DeepSeek's $7.4 billion funding round values the Chinese AI startup between $52 billion and $59 billion, with founder Liang Wenfeng imposing a condition barring investors from recruiting its roughly 150-person team. The capital is earmarked primarily for employee equity and stock options.
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Europe launches 19 AI supercomputing hubs for industrial manufacturing
The EU's AI Factories initiative, operating under the EuroHPC Joint Undertaking, operates 19 specialized computing centers as of April 2026 to enhance factory efficiency, sustainability, and European technological sovereignty through a combined 30 billion euro investment.
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China achieves mass production of ultra-pure silicon-28 for quantum computing
China's state nuclear agency announced the first independent mass production of silicon-28 with 99.99% isotopic purity, reducing quantum computing's reliance on Western suppliers and escalating the US-China tech rivalry.
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Poland Acquires Stake in ElevenLabs at $11 Billion Valuation
Poland purchased an equity stake in ElevenLabs, the AI voice synthesis company co-founded by two Warsaw entrepreneurs, as the startup reached an $11 billion valuation in February 2026. The government investment signals Poland's push to establish itself as a tech hub, though it raises regulatory questions under the EU's evolving AI Act.
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CryptoQuant Launches Native TON Dashboard with Real-Time On-Chain Metrics
CryptoQuant, a leading on-chain analytics platform, launched a dedicated TON Dashboard on January 9, 2025, offering real-time metrics for the Telegram-integrated blockchain through partnership with the TON Foundation.
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Razorpay confidentially files for IPO at $5–$6B valuation
Razorpay, India's leading fintech platform, has confidentially filed its IPO prospectus targeting $600 million at a $5–$6 billion valuation—a significant markdown from its $7.5 billion peak. The move reflects a broader trend among Indian startups seeking measured market debuts amid regulatory scrutiny.
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NEURA Robotics raises $1.4B Series C led by Tether for robot data collection
German robotics startup NEURA Robotics closed a Series C funding round targeting $1.4 billion, valuing the company at roughly $7 billion. Tether led the round alongside Nvidia, Amazon, Qualcomm, and Bosch, funding specialized data-collection facilities and plans to embed self-custodial wallets in robots.