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Nvidia Cuts Approved Asian AI-Chip Buyers by More Than Half in New Compliance Review

Reuters reported Nvidia created a whitelist for Asian buyers of AI chips and intensified compliance reviews in Singapore, Malaysia and Japan, removing more than half of previously authorized customers after an initial screening. The process includes site visits, contract checks and end-user verification, with firms able to reapply.

Deals & Capital Markets · a month ago

Comcast Unveils Tax-Free Separation of NBCUniversal and Sky Into Standalone Public Company

Comcast said it intends to separate its media operations, including NBCUniversal and Sky, from its connectivity and technology business through a tax-free distribution to shareholders. The company expects the transaction to close in about a year, subject to board, regulatory, tax and financing conditions, and plans investment-grade balance sheets for both companies.

Technology · a month ago

UK Supreme Court Hears Apple Appeal Over $502 Million Optis 4G Patent Licence Award

The court is hearing Apple’s challenge to a 2025 ruling that set FRAND terms for an Optis portfolio of standard-essential 4G patents at $0.15 per device, producing a $502 million lump sum plus interest. The appeal also covers royalties on past sales and treatment of related foreign patent cases.

Companies & Earnings · a month ago

Micron record Q3 profit and $50 billion sales outlook lift AI-related chip stocks

Micron reported fiscal third-quarter revenue of $41.46 billion and GAAP net income of $28.24 billion for the period ended May 28, 2026, versus $1.89 billion a year earlier. The company guided fiscal fourth-quarter revenue to about $50 billion and said it has 16 strategic customer agreements tied to roughly $22 billion in commitments.

Deals & Capital Markets · a month ago

SpaceX Falls More Than 16% After Listing Debut, Erasing About $400 Billion in Value

The stock reversed part of its early Nasdaq rally after opening at $150 following a $135 IPO that raised about $75 billion and implied a $1.77 trillion valuation. Reports said the drop exceeded 16%, while weakness also spread to listed space companies and related ETFs during the pullback.

Markets · 2 months ago

South Korea’s Kospi rebounds over 8% as memory-chip stocks recover after AI-led tech rout

South Korea’s Kospi rose 8.2% to 8,096.93, reversing most of the prior session’s losses. The benchmark had fallen 8.3% to 7,484.41 in its largest one-day drop since March 4. The rebound was led by memory-chip shares, including major domestic semiconductor companies, after a tech selloff tied to AI-related trading.

Deals & Capital Markets · 2 months ago

OpenAI confidentially submits draft S-1, opening path to a U.S. IPO

OpenAI said it has confidentially filed a draft S-1 registration statement with the U.S. SEC for a potential initial public offering. The company did not disclose deal size or terms and said it has not set a timetable. It said the filing preserves flexibility while it remains focused on building AI products.

Technology · 2 months ago

OpenAI prepares major ChatGPT rebuild into agent-based ‘superapp’ as it readies planned IPO

OpenAI is planning its largest redesign of ChatGPT, aiming to expand it beyond chat into a broader app that includes coding features and AI agents designed to handle tasks across work and personal use. The changes are being prepared as the company moves toward a planned public listing this year.