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South Korea's July exports rose 59% year over year, beating expectations and extending a chip-led streak — though growth cooled from June's record 70.7%. Semiconductor shipments surged 180.6% in the first 20 days of the month.
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ASML raised its 2026 revenue forecast for the second straight quarter and unveiled plans to boost EUV lithography output by 30%, with nearly all capacity already booked by clients including TSMC, Samsung, and Intel.
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A veteran chip designer who worked on Apple’s Face ID and Amazon’s AI silicon is betting on edge computing. His startup, Tranxform AI, has Intel’s backing and expects its first chip next year.
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Samsung Electronics’ Q2 operating profit surged nearly 19-fold to a record 89.4 trillion won, fueled by insatiable AI memory demand. Nvidia (NVDA) ticked up 0.37% in after-hours trading.