A major foundry is expected to return to full capacity utilization as order backlogs and contract negotiations advance. Utilization gains are driven by HBM4 adoption of a 4-nanometer process and stronger 2-nanometer demand from cloud and AI/high-performance computing customers. The company's utilization has remained below 50% since 2024, with high fixed costs causing losses; normalization would improve profitability. Qualcomm, AMD, and Google are in talks, while Taylor Fab 1 is slated for 2026 production and Fab 2 for 2030 mass production.
Baidu's autonomous ride-hailing platform Apollo Go has resumed operations in Wuhan, with services now available in the Wuhan Economic and Technological Development Zone, Caidian District, and Hanyang District. The service was suspended after a cloud system failure on the evening of March 31, 2026, left multiple vehicles stranded on main roads and passengers trapped. Following about four months of rectification, Apollo Go has returned to Wuhan's urban roads.
JCET has received approval from the Singapore Economic Development Board to establish an overseas treasury center and has launched its treasury management platform after six months of development. The center will centralize capital, financing, settlement, and analysis functions, coordinating treasury management for overseas entities to enhance global capital concentration and operational efficiency. The company will also strengthen coordination of domestic and overseas financial resources to support global expansion and key projects.
Great Wall Motor's ORA brand sold 10,820 vehicles in July 2026, up 152% from a year earlier. The ORA 5 model accounted for 9,596 units of the monthly total. Cumulative global sales of ORA vehicles reached 594,900 units by the end of July.
SpaceX is scheduled to publish its first financial report this week, marking the company's inaugural public disclosure of financial information. The release will cover performance data, with market participants closely monitoring issues related to financial transparency. The specific timing and content arrangements for the report have not yet been announced. The report represents a significant step for the company, which has not previously disclosed financial details to the public.
Jitai Technology announced on the Hong Kong Stock Exchange that its self-developed AiTEM artificial intelligence formulation innovation platform will be locally deployed at Jiangsu Hengrui Medicine Co. , Ltd. The deployment is intended to accelerate the efficiency of drug formulation development. The collaboration centres on the AI formulation platform field, with the aim of enhancing the automation and intelligence level of the pharmaceutical research and development process through technology deployment.
Tianjiao Qingmei, a subsidiary of Northern Rare Earth, has developed a nano cerium oxide fine polishing fluid that passed production line validation by multiple leading optical customers and achieved stable batch supply. The product employs a chemical-plus-mechanical polishing mechanism, with performance benchmarked against imported high-end alternatives. It targets precision optics applications amid growing demand from vehicle optics, machine vision, AR/VR, and research markets. Since 2026, the company has expanded domestic and overseas distribution, with the higher-value product expected to improve overall gross margins.
Momenta listed on the Hong Kong Stock Exchange on July 8, 2026, at an issue price of HK$295.6 per share, opening up more than 6% and reaching a market capitalisation above HK$70 billion. The shares subsequently fell below the issue price and have recently broken through HK$250. On July 27, the company announced its Robovan unmanned delivery business had been operating in Suzhou's Xiangcheng district for over four months, expanding into express and night-time delivery. Industry data shows 2025 national sales of unmanned urban delivery vehicles reached 22,000 units, with a fleet of 30,000. Momenta's technology from passenger vehicles is transferable, but the company did not disclose road-right arrangements.
China Ping An announced at its July 31 school-enterprise cooperation exchange in Shenzhen that its 2026 campus recruitment demand exceeds 6,000 positions, with internships for more than 3,000 students across eight job categories. The company plans to raise annual campus hiring to over 10,000 within three to five years. Ping An will build internship bases with 21 universities, including Renmin University of China, Beihang University and Central University of Finance and Economics, and signed agreements with 15 institutions.
Alibaba launched public beta of its enterprise AI office product Qwen Office on August 3, integrating QoderWork, MuleRun and Wukong. The product, coordinated by new DingTalk CEO Chen Yusen, is the industry's first to support desktop, cloud and enterprise collaboration agents. The company also released the Qwen3.8 foundation model with 2.4 trillion parameters, featuring major gains in programming and professional office capabilities. Qwen Office has initially integrated with DingTalk and plans standalone app and international version.
Tesla plans to open-source the software and design of its discontinued Model S and Model X, following a similar move with the original Roadster. The company released all Roadster design, theory, and research documents in 2023. Tesla CEO Elon Musk confirmed the next open-source products but did not specify scope. Both models ceased production at the Fremont facility, which now builds Optimus robots.
Contemporary Amperex Technology Co. , Ltd. (CATL) has established a wholly-owned sales subsidiary, CATL (Ningde) Sales Co. , with registered capital of RMB 3 billion. The new entity's business scope covers battery sales, battery component sales, new energy prime mover equipment, charging piles, and new energy vehicle battery swap facilities. Business registration records confirm CATL holds full ownership of the subsidiary.
Alibaba Group launched its flagship large model Qwen3.8-Max on August 3, with 2.4 trillion total parameters. The model ranks in the top tier globally, scoring 93.0 on PaperBench and leading mainstream models on OSWorld-Verified with 86.1 points. Alibaba’s Hong Kong shares surged 7.01% to HK$125.2, lifting market capitalisation to HK$2.4 trillion; US shares rose more than 5%. It also unveiled an enterprise agent product and opened API access, with domestic pricing starting at RMB12 per million input tokens.
In 2026, US AI equity investment centers on OpenAI and Anthropic, the two independent LLM companies behind ChatGPT and Claude. Microsoft invested roughly $13 billion in OpenAI for about 26.79% equity, now valued at approximately $230 billion based on OpenAI's latest $852 billion valuation, yielding a paper gain of about 17 times.
Apple's patent for a smart ring has been publicly disclosed, showing the accessory works with XR headsets or smart glasses to control connected devices through gestures. The headset identifies which device the user is looking at, then the ring's motion sensors interpret finger or wrist movements to execute commands, such as switching songs on a HomePod or launching apps on an iPad. The sensor technology aligns with motion sensors used in Apple Watch, iPhone, and Vision Pro. Apple has not announced release timing.
Vanke's new leadership met shareholders for the first time on July 31, with Xu Enli elected chairman and Huang Yu as president. The company completed rescheduling of 10 bonds in the first half of 2026, leaving RMB 15.82 billion in domestic bonds outstanding. Management expenses fell about 14% year on year, while delivery of approximately 23,000 homes achieved an over 90% collection rate.
New Hope said on its investor interaction platform on Aug. 3 that high temperatures and typhoons this summer have had only localized, short-term effects on its feed and hog operations across China and overseas. The company noted such weather may modestly support ongoing hog capacity reduction driven by market and policy forces. Based on current hog futures prices, it expects third-quarter hog prices to improve from the second quarter, though the outlook remains cautious.
Samsung's 8-inch gallium nitride (GaN) wafer foundry line in Yongin, South Korea, has encountered chip failures during trial production. Some chips failed after approximately 1,000 hours of continuous operation at temperatures between 100 and 200 degrees Celsius. The line, designed for a monthly capacity of 1,300 to 1,500 wafers, was originally scheduled for mass production by 2026 but will now be delayed. Samsung has initiated a root cause investigation focusing on the wafer manufacturing process.
AMD is reported to introduce a low-power core, Zen 6 LP, in its Zen 6 architecture, alongside standard Zen 6 and Zen 6c. The core is not designed from scratch but combines modules spanning five generations from Zen 2 to Zen 6. It uses the Zen 6 ISA and matches the software features of standard Zen 6, while its microarchitecture is based on Zen 5. L2 cache returns to 512KB per core, and L3 cache uses a Zen 2-like design with 1MB per core. AMD has not officially confirmed the reports.
Qualcomm reported fiscal third-quarter 2026 revenue of $9.95 billion, down 4% year over year, with gross margin at 53.1%. Net profit was $2.0 billion, while core operating profit fell 41% to $1.63 billion. QCT chip sales, over 80% of revenue, saw handset revenue drop 19.6% to $5.09 billion, hurt by an 11% decline in non-Apple shipments and weaker high-end mix. Automotive revenue rose 61% to $1.59 billion, and IoT grew 9% to $1.83 billion. Global handset shipments fell 6%, with Apple up nearly 20% and Android down 11%.
Researchers and forensic experts disclosed a security flaw in digital DNA analysis files used by most US crime labs, potentially allowing undetected tampering with decades of criminal records. The vulnerability dates to 1995 and became easier to exploit with AI code-generation tools. Thermo Fisher Scientific privately acknowledged the issue in July, issued a high-risk advisory last week, and released software with digital signatures. No known malicious exploitation or impact on court rulings has been reported.
AstraZeneca and Bristol-Myers Squibb are in merger talks, according to market reports, sending BMS shares up nearly 8% while AstraZeneca fell over 5%. In the first half of 2026, AstraZeneca reported revenue of $30.672 billion, up 6% year on year, with China sales down 5% to $3.51 billion, representing 11% of global revenue. BMS posted revenue of approximately $24.462 billion, up 4%, with US sales up 2% and other markets up 9%. Market capitalizations were about $264 billion and $133 billion respectively. The companies have a history of collaboration, including a 2007 diabetes alliance and AstraZeneca's $4.1 billion buyout of BMS's rights to dapagliflozin in 2013. Regulatory hurdles include overlapping oncology products.
Sony has decided to end production of physical PlayStation game discs by 2028 and move entirely to digital distribution. Chief Financial Officer Lin Tao said the company recognises strong feelings on the issue but remains committed to the direction, citing the broad ongoing shift to digital content. She promised to consider player feedback and explore ways to engage gamers in the future ecosystem, and downplayed discs as a key differentiator against PC gaming.
Sun Hung Kai Properties has sold 299 units at its Qian Yu residential project in Yuen Long within about two weeks of launch, generating over HK$1.6 billion in proceeds. Nearly 90 per cent of the price-list units have been sold. Over the past weekend, 40 transactions raised more than HK$220 million, including purchases by two bulk buyers. The project also recorded five tender transactions, with the top price reaching HK$19,630 per sq ft.
GAC Group announced that it added 10 charging stations in July 2026, bringing its cumulative total of charging piles to 27,221. The Guangzhou-based automaker's latest monthly rollout expands its self-operated charging network, which the company continues to develop in support of electric-vehicle users. The announcement came as GAC presses ahead with infrastructure deployment, though no further details on the new stations' locations or capacity were disclosed.
The US NHTSA has opened a preliminary investigation into nearly 1.2 million Tesla vehicles after 156 complaints of suspension failures, mainly affecting 2018-2020 Model 3 and 2021-2023 Model Y. Separately, China's CCC certification for EV charging equipment took effect on August 1. Geely Auto Group established a sales company to coordinate brand marketing. BYD sold 419,200 vehicles in July, with overseas sales surging 124.3% year-on-year.
Great Wall Motor reported July 2026 vehicle sales of 108,100 units, up 3.54% year-on-year. New energy vehicle sales reached 34,651 units during the month. Cumulative new energy vehicle sales from January to July totaled 179,300 units, according to the company's production and sales bulletin.
WeChat has launched two new functions for its earthquake early-warning service: shake-intensity aggregation and location updating. The shake-intensity feature lets users report their felt shaking after an alert, generating a public intensity map through professional algorithms. The location-update function prompts users to refresh their alert subscription location when they move, improving alert targeting. Developed with the China Earthquake Networks Center and National Emergency Broadcasting, the service has now issued alerts for more than 700 earthquakes and surpassed 60 million subscribers.
On August 2, Geely Holding Group announced that its subsidiary Geely Automobile Group has established a sales headquarters. The move is intended to strengthen coordination of marketing resources across its brand portfolio. The new structure aims to improve operational efficiency and align brand strategies under a unified sales umbrella.
Changan Automobile delivered 207,100 vehicles in July, including 96,500 new energy vehicles, up 28.8% year on year. New-energy models accounted for approximately 47% of the automaker's monthly deliveries, with the remaining 110,600 vehicles being conventional fuel models. The latest figures underscore the growing role of electrified vehicles in Changan's overall sales mix, as the NEV segment posted double-digit year-on-year growth during the month. The July delivery total comprises both conventional and new energy vehicle lines.