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On July 14, ChangXin Memory Technologies announced its IPO price on the SSE STAR Market at 8.66 yuan per share. Based on the 1,592,430,946 shares held by Zhu Yiming, founder and chairman of ChangXin Memory Technologies, the market value of his stake in the company is 13.79 billion yuan. Additionally, considering Zhu Yiming's 5.13% stake in GigaDevice and GigaDevice's closing market value of 410.3 billion yuan on July 14, the total market value of his holdings in both ChangXin Memory Technologies and GigaDevice reaches 34.8 billion yuan. (Yicai)

[ChangXin Tech IPO Price Set at 8.66 Yuan/Share, Zhu Yiming's Net Worth Exceeds 30 Billion Yuan]On July 14, ChangXin Memory Technologies announced its IPO price on the SSE STAR Market at 8.66 yuan per share. Based on the 1,592,430,946 shares held by Zhu Yiming, founder and chairman of ChangXin Memory Technologies, the market value of his stake in the company is 13.79 billion yuan. Additionally, considering Zhu Yiming's 5.13% stake in GigaDevice and GigaDevice's closing market value of 410.3 billion yuan on July 14, the total market value of his holdings in both ChangXin Memory Technologies and GigaDevice reaches 34.8 billion yuan. (Yicai)

ChangXin Tech IPO Price Set at 8.66 Yuan/Share, Zhu Yiming's Net Worth Exceeds 30 Billion Yuan

On July 14, Federal Reserve Chairman Walsh will attend the House Financial Services Committee hearing on the 'Federal Reserve Semiannual Monetary Policy Report' at 22:00 Beijing time.

[Walsh to Attend Congressional Monetary Policy Hearing at 22:00]On July 14, Federal Reserve Chairman Walsh will attend the House Financial Services Committee hearing on the 'Federal Reserve Semiannual Monetary Policy Report' at 22:00 Beijing time.

Walsh to Attend Congressional Monetary Policy Hearing at 22:00

On July 14, Goldman Sachs CEO David Solomon stated that the development of artificial intelligence is still in its early stages. (Jin10)

[Goldman Sachs CEO: AI Development Still in Early Stages]On July 14, Goldman Sachs CEO David Solomon stated that the development of artificial intelligence is still in its early stages. (Jin10)

Goldman Sachs CEO: AI Development Still in Early Stages

On July 14, Changxin Technology announced that the company's initial public offering of shares will be listed on the STAR Market, with an issue price of 8.66 CNY per share. Investors are required to subscribe online and offline on July 16, 2026 (T day) at this price, without needing to pay subscription funds at the time of subscription. The offline subscription period is from 9:30 to 15:00, and the online subscription period is from 9:30 to 11:30 and 13:00 to 15:00. The initial number of shares issued is 6,688,088,608 shares, accounting for approximately 10.00% of the total share capital after issuance, and CICC is granted an over-allotment option of up to 15.00% of the initial shares.

[Changxin Technology: Issue Price at 8.66 CNY/Share]On July 14, Changxin Technology announced that the company's initial public offering of shares will be listed on the STAR Market, with an issue price of 8.66 CNY per share. Investors are required to subscribe online and offline on July 16, 2026 (T day) at this price, without needing to pay subscription funds at the time of subscription. The offline subscription period is from 9:30 to 15:00, and the online subscription period is from 9:30 to 11:30 and 13:00 to 15:00. The initial number of shares issued is 6,688,088,608 shares, accounting for approximately 10.00% of the total share capital after issuance, and CICC is granted an over-allotment option of up to 15.00% of the initial shares.

Changxin Technology: Issue Price at 8.66 CNY/Share

On July 14, Swedish telecom equipment giant Ericsson's shares fell sharply on the Stockholm market, recording their biggest drop in 18 months. The company warned that its core network business is facing pressure on profit margins this quarter due to soaring component costs. Ericsson shares fell as much as 10% in Stockholm. Outgoing CEO Börje Ekholm said the company's input costs are rising, partly due to surging demand for AI-driven memory chips, which has pushed up prices for related components. Citigroup analysts pointed out that the biggest concern is that margin pressure could persist until 2027. Citigroup analyst Andrew Gardiner said: 'We believe the biggest challenge is that component cost pressure is building. The short-term impact is not the main issue; more importantly, this pressure may intensify further in 2027.' Ericsson's second-quarter adjusted EBITDA fell 7% year-on-year to SEK 6.88 billion, slightly above the Bloomberg market expectation of SEK 6.82 billion. As weak capital expenditure by telecom operators continues to weigh on the entire telecom equipment industry, Ericsson has been cutting costs in recent years. The company cut about 5,000 employees in 2025 and plans to carry out a similar scale of staff reductions this year.

[Memory Chip Price Hikes Squeeze Margins, Ericsson Shares Tumble]On July 14, Swedish telecom equipment giant Ericsson's shares fell sharply on the Stockholm market, recording their biggest drop in 18 months. The company warned that its core network business is facing pressure on profit margins this quarter due to soaring component costs. Ericsson shares fell as much as 10% in Stockholm. Outgoing CEO Börje Ekholm said the company's input costs are rising, partly due to surging demand for AI-driven memory chips, which has pushed up prices for related components. Citigroup analysts pointed out that the biggest concern is that margin pressure could persist until 2027. Citigroup analyst Andrew Gardiner said: 'We believe the biggest challenge is that component cost pressure is building. The short-term impact is not the main issue; more importantly, this pressure may intensify further in 2027.' Ericsson's second-quarter adjusted EBITDA fell 7% year-on-year to SEK 6.88 billion, slightly above the Bloomberg market expectation of SEK 6.82 billion. As weak capital expenditure by telecom operators continues to weigh on the entire telecom equipment industry, Ericsson has been cutting costs in recent years. The company cut about 5,000 employees in 2025 and plans to carry out a similar scale of staff reductions this year.

Memory Chip Price Hikes Squeeze Margins, Ericsson Shares Tumble

IBM (IBM.N) plunged 23%, marking the largest single-day intraday drop since 1987.

[IBM Plunges 23%, Biggest Intraday Drop Since 1987]IBM (IBM.N) plunged 23%, marking the largest single-day intraday drop since 1987.

IBM Plunges 23%, Biggest Intraday Drop Since 1987

The three major U.S. stock indexes opened mixed, with the Dow Jones Industrial Average down 0.25%, the S&P 500 up 0.13%, and the Nasdaq Composite up 0.49%. AI hardware stocks rallied across the board, with the storage sector leading gains. Among popular individual stocks, SanDisk rose 8%, TSMC rose 2.17%, SK Hynix rose 11.29%, Micron Technology rose 5.68%, Advanced Micro Devices rose 6.62%, and Intel rose 3.82%. IBM’s stock plummeted more than 22% after the company reported preliminary second-quarter sales below expectations, attributing the shortfall to customers shifting spending toward chips and servers.

[U.S. Stock Indexes Opened Mixed: AI Hardware Stocks Rally, IBM Drops 22%]The three major U.S. stock indexes opened mixed, with the Dow Jones Industrial Average down 0.25%, the S&P 500 up 0.13%, and the Nasdaq Composite up 0.49%. AI hardware stocks rallied across the board, with the storage sector leading gains. Among popular individual stocks, SanDisk rose 8%, TSMC rose 2.17%, SK Hynix rose 11.29%, Micron Technology rose 5.68%, Advanced Micro Devices rose 6.62%, and Intel rose 3.82%. IBM’s stock plummeted more than 22% after the company reported preliminary second-quarter sales below expectations, attributing the shortfall to customers shifting spending toward chips and servers.

U.S. Stock Indexes Opened Mixed: AI Hardware Stocks Rally, IBM Drops 22%

On July 14, according to BIT (bit.com) market data, U.S. stocks opened with the Dow down 0.26%, the S&P 500 up 0.19%, and the Nasdaq up 0.53%. SK Hynix ADR (SKHY.O) rose over 11%, SanDisk (SNDK.O) rose over 7%, Micron Technology (MU.O) rose over 5%, Qualcomm (QCOM.O) rose 2%, and Intel (INTC.O) rose 4%.

[U.S. Stocks Open Mixed, Three Major Indexes Diverge]On July 14, according to BIT (bit.com) market data, U.S. stocks opened with the Dow down 0.26%, the S&P 500 up 0.19%, and the Nasdaq up 0.53%. SK Hynix ADR (SKHY.O) rose over 11%, SanDisk (SNDK.O) rose over 7%, Micron Technology (MU.O) rose over 5%, Qualcomm (QCOM.O) rose 2%, and Intel (INTC.O) rose 4%.

U.S. Stocks Open Mixed, Three Major Indexes Diverge

On July 14, SK Hynix ADR shares rose 12%, closing at $170.700 per share, with a total market capitalization of $1.24 trillion.

[SK Hynix ADR Shares Rise 12%]On July 14, SK Hynix ADR shares rose 12%, closing at $170.700 per share, with a total market capitalization of $1.24 trillion.

SK Hynix ADR Shares Rise 12%

Do Kwon, co-founder of Terra, said on Twitter that UST only needs to increase its market value by 5 times to become the largest stablecoin.

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【Terra founder: UST needs to increase its market value by 5 times to become largest stablecoin】Do Kwon, co-founder of Terra, said on Twitter that UST only needs to increase its market value by 5 times to become the largest stablecoin.

Terra founder: UST needs to increase its market value by 5 times to become largest stablecoin

CASHCAT Market Cap Surpasses $100 Million! Robinhood Chain Goes Viral

Behind ANSEM's 300% Weekly Surge: The Recovery and Traps of Solana Meme Coins

Will Zcash’s ‘formal verification’ of Ironwood clear counterfeiting fears and boost ZEC?

Goldman Sachs Report Deconstructs the Competitive Landscape of China's AI Large Models: Who Will Be the Long-Term Winner?

Ethereum uses less power than British Museum – Here’s what changed

Despite $450 Million Increase in Cash, STRC Price Still Falls; It's Never Been About Money

XRPL AI hits 1.21M transactions – Will utility drive XRP price higher?

Terra founder: UST needs to increase its market value by 5 times to become largest stablecoin

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