CHINESE SUPERCOMPUTER CLAIMS WORLD'S FASTEST RANKING
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China's LineShine supercomputer has claimed the top position in the Top500 rankings, displacing the US-built El Capitan. This marks the first time since 2017 that a Chinese machine has ranked as the world's most powerful.
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SK Hynix has overtaken Samsung Electronics to become South Korea's most valuable company, capping a 14-year strategic bet on high-bandwidth memory (HBM) chips that capitalized on the AI boom.
Major semiconductor companies pulled back sharply on Tuesday, with Qualcomm dropping 11.46% and Intel falling 6.82% as the sector retreated from record highs fueled by artificial intelligence demand.
SK Hynix is pursuing a US public listing to raise approximately $29.4 billion, with trading expected to commence on July 10. The South Korean memory chipmaker plans to deploy the capital toward expanding production capacity.
Japanese flash memory maker Kioxia Holdings saw executive compensation jump sharply, driven by soaring global demand for AI-related semiconductors and rising stock valuations.