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The Federal Reserve kept the federal funds rate steady at 3.50% to 3.75% after its July meeting, in a 9-to-3 vote. Three officials dissented, favouring a quarter-point increase. It was the first time in ten years that as many as three policymakers formally broke ranks on the rate direction, highlighting unusual internal division.
The State Taxation Administration reported that in the first half of the year, active business entities rose 20.2% year-on-year, and high-tech industry sales revenue increased 15%. Tax cuts, fee reductions, and refunds supporting technology and manufacturing totaled 1.91 trillion yuan. The digital economy core industry sales grew 8.7%, while industrial enterprise sales rose 7.1%. Tax revenue from VAT reached 3.87 trillion yuan, up 6%. The administration also cracked down on involution-style competition and eliminated regional policy disparities.
During the 2026 World AI Conference, China's State-owned Assets Supervision and Administration Commission (SASAC) released the second batch of strategic high-value AI scenarios and high-quality industry datasets for central state-owned enterprises. It also launched the AI open-source 'Renew Community' 2.0 and initiated the State-owned Central Enterprise Smart Software Factory Joint Foundation Project. These achievements cover the full chain of open-source ecosystem, scenario deployment, data circulation, and intelligent computing. SASAC stated it will further promote the 'AI+' initiative, accelerate computing infrastructure construction, and foster open collaboration.
Samsung Electronics and SK Hynix plan to sign long-term supply agreements for memory chips, including high-bandwidth memory (HBM), with US tech companies such as Nvidia, valued at approximately $950 billion. South Korean presidential adviser Kim Yong-beom disclosed the plans on Saturday, noting the deals cover capacity yet to be built and lock in future HBM supply.
Shanghai Aishengna Electronic Technology Group, a state-owned enterprise, has begun producing domestic immersion deep ultraviolet (DUV) lithography machines. The company plans to manufacture about five units this year for delivery to SMIC, Hua Hong Semiconductor, and ChangXin Memory, with a target of around 20 units next year. The move comes as ASML is barred from exporting extreme ultraviolet (EUV) machines to China, making immersion DUV the most advanced available. Aishengna, founded in August 2023 with over 7 billion yuan in registered capital, is integrating teams from Chinese lithography startups. Insiders note the machines still require further testing and lag significantly behind ASML's models, posing no immediate commercial threat.
Nvidia has begun shipping its next-generation Spectrum-X co-packaged optics (CPO) switches to select partners. Broadcom continues to ship small volumes of its 51.2T Bailly CPO switches. These developments indicate that CPO technology has officially entered the mass production phase.
Samsung Electronics announced on Saturday a cooperation agreement with US chip designer Broadcom to expand collaboration in memory chips, contract manufacturing, and advanced packaging. Under the memorandum of understanding, Broadcom will use Samsung's sub-2-nanometer process for next-generation communication chips and jointly develop high-bandwidth memory. The five-year partnership aims to boost utilization of Samsung's advanced facilities and strengthen its foundry business against TSMC, as demand rises for custom AI accelerators.
Changxin Technology (Changxin Memory) began trading on the A-share market on July 27, 2026, representing a significant breakthrough in China's DRAM sector. The listing breaks the long-standing monopoly of Samsung, SK Hynix, and Micron in the memory chip market, achieving a from-zero-to-one breakthrough for domestic DRAM. The company's development has been supported by national semiconductor policies, market demand for self-controlled memory chips, entrepreneurial efforts, long-term investment from Hefei state-owned industrial funds, and surging demand from AI computing infrastructure. The IPO provides stable, long-term funding for R&D, production expansion, and product upgrades, helping to narrow the technology gap with global leaders and secure China's semiconductor supply chain. However, Changxin faces severe challenges including technology gaps in advanced lithography, yield rates, and patent portfolios, as well as market cyclicality and pricing power of incumbents.
SigmaStar Technology, the world's largest visual AI SoC supplier by 2024 shipments, forecasts H1 2026 net profit attributable to shareholders of 820-900 million yuan, up 583%-650% year-on-year, and revenue of 2.62-2.72 billion yuan, up 87%-94%. Robot chip shipments exceeded 10 million units in 2025. The company, spun off from MStar's security chip team and now 28.74%-owned by MediaTek, has expanded from security into robotics, automotive, and AI eyewear. It acquired Furuikun Microelectronics in late 2025 to add Bluetooth connectivity.
Cambricon issued a draft restricted stock incentive plan, planning to grant 5 million shares (0.80% of total shares) at RMB 750 per share. The initial grant covers 4 million shares to 945 employees (85.37% of staff). Performance targets require 2026 revenue of at least RMB 13.5 billion, cumulative 2026-2027 revenue of at least RMB 40.5 billion, and cumulative 2026-2028 revenue of at least RMB 100 billion.