DAILY BRIEF · 10 STORIES

The June 26, 2026 brief

  1. Qualcomm CEO Confirms China-Specific Data Center Chip Designed to Comply With US Export Controls

    In a strategic move that illustrates the delicate balancing act facing US semiconductor companies, Qualcomm CEO Cristiano Amon has confirmed that the company is developing a data center chip specifically engineered for Chinese customers, one designed from the ground up to comply with the stringent export controls imposed by the US government.

  2. Nvidia’s DGX B300 Server Doubles to $1.1M on China’s Black Market as Export Crackdown Bites

    The price of Nvidia’s flagship DGX B300 AI server has more than doubled on China’s gray market, reaching over 8 million yuan, approximately $1.1 million, as tightening US export controls and stepped-up enforcement actions dramatically reduce the supply of smuggled hardware.

  3. Micron’s Record Earnings Validate China’s CXMT and YMTC as Credible Memory Challengers

    Micron Technology’s record quarterly earnings have inadvertently provided the most credible external validation yet of China’s domestic memory chip industry.

  4. Luxshare Precision Passes Hong Kong Listing Hearing, Plans to Raise Up to $3B in July IPO

    Luxshare Precision Industry, the Shenzhen-listed manufacturer that has grown from a modest cable assembler into Apple’s largest Chinese production partner, has cleared a critical regulatory hurdle in its bid for a Hong Kong stock exchange listing.

  5. Kuaishou Chip Spin-Off TranStreams Closes Series A+ With State Capital and Baidu Backing

    TranStreams, the artificial intelligence chip design company spun off from Chinese short-video platform Kuaishou, has closed a Series A+ funding round backed by a combination of state capital and strategic investors including Baidu’s venture arm and Shenzhen-based digital payment tech provider XGD, as it accelerates the development of AI inference chips designed to operate within…

  6. JPMorgan Cuts Off Anthropic Access for Hong Kong Staff, Following Goldman Sachs

    JPMorgan Chase has blocked employees in Hong Kong from accessing Anthropic’s Claude AI platform, becoming the latest major US financial institution to restrict the use of American AI tools in the territory amid growing concerns about compliance with US export control regulations.

  7. JD.com Boss Warns Robots Will Replace 700,000 Delivery Workers ‘Sooner or Later’

    JD.com founder and chairman Richard Liu has issued a stark warning about the future of the company’s workforce, stating publicly that robots will “sooner or later” replace the e-commerce giant’s 700,000 delivery workers.

  8. Huawei and Cambricon Set to Capture 80% of China’s AI Server Market as Foreign Companies’ Share Collapses to 21%

    The landscape of China’s artificial intelligence server market is undergoing a structural transformation that would have seemed implausible just three years ago.

  9. DeepSeek Launches Hiring Spree Targeting Newcomers as It Declares AGI Is Within Reach

    DeepSeek, the Chinese artificial intelligence laboratory that stunned the global technology industry with its cost-efficient reasoning models earlier this year, has launched an aggressive new hiring campaign, and its pitch is deliberately unconventional.

  10. China’s Big Fund Becomes SMIC’s Third-Largest Shareholder After Record $6B STAR Market Deal

    In a move that underscores Beijing’s unwavering commitment to semiconductor self-sufficiency, China’s state-backed National Integrated Circuit Industry Investment Fund, commonly known as the “Big Fund,” has emerged as the third-largest shareholder of Semiconductor Manufacturing International Corporation (SMIC).