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Real-time News
July 13th - This afternoon, Orient Computing Technology Co., Ltd. launched its first flagship chip, the DF1000, in Shanghai. As the worlds first software-defined near-memory computing 3D chip, the DF1000, with its "software-defined + 3D stacked near-memory computing" Orient paradigm, addresses three core bottlenecks facing the development of high-end computing chips in China. Guo Wei, Vice President of Orient Computing Technology, explained that the DF1000 focuses on fundamental innovation in the underlying computing architecture, achieving hardware and software decoupling and dynamic reconfiguration through software-defined chip technology, realizing a computing power of 520 TFLOPS@BF16 at the 14nm process node.Fast Retailing (06288.HK) fell further to 4%, currently trading at HK$388.58.Shares of French semiconductor companies STMicroelectronics and Soitec fell by 2.4% and 3.8%, respectively.July 13 - Mitsubishi UFJ Financial Group, Japans largest bank, has become the country with the highest market capitalization, marking the first time a Japanese bank has held this position since the establishment of the current "Big Three" banking structure. According to data compiled by Bloomberg, Mitsubishi UFJ Financial Groups shares rose 2.3% on Monday to 3,541 yen, pushing its market capitalization to 42 trillion yen ($259 billion). This market capitalization surpasses Toyota Motors approximately 41 trillion yen and Kioxia Holdings approximately 36.7 trillion yen.A survey conducted from July 3rd to 8th revealed that economists believe the Eurozones economic growth this year is expected to be weaker than previously forecast following the resumption of conflict in the Middle East. The median forecast from 56 economists shows respondents lowered their 2026 Eurozone economic growth expectation to 0.5%, down from 0.7% projected last month and also below the European Central Banks baseline scenario of 0.8%. Economists also lowered their 2028 economic growth forecasts but maintained their growth forecasts for next year. They expect a median inflation rate of 2.8% this year, slightly lower than last month due to a sharp drop in oil prices, but still well above the ECBs 2% target. Respondents expect the ECB to raise interest rates again in September, with the first rate cut anticipated in September 2027.
