China's Star 50 index of AI and chip leaders is down by 40% in under four months, losing ~$480B in market value; chipmaker CXMT is down ~25% in the past month (Reuters)

More in Technology

• Singapore aiming for more solar panels in public spaces to hit new 2035 target

  Singapore is aiming to install more solar panels in public spaces and develop a one-stop digital portal to encourage homeowners to install solar panels, aiming to reach a 4GWp target by 2035. The government is exploring the use of vacant land and mobile containerized solar panels, and is looking to pilot solar roof tiles on heritage state buildings without compromising their architecture and character. The country is also exploring low-carbon electricity imports as an option due to the limits of how much solar ene…

  4 min read
• Bank of Korea warns country's chip exports could fall by up to $100 billion if AI spending slows

  The Bank of Korea warns South Korea's semiconductor exports could fall by up to $100 billion if major US technology firms slow their AI spending next year, leading to a 0.4 percentage point reduction in GDP growth and a current account surplus well below initial projections. The central bank's model predicts a 10 percent decline in Korean semiconductor unit prices, highlighting South Korea's heavy reliance on chips.

  1 min read
• Air defences destroy four Houthi drones targeting Saudi Arabia's southern region, Saudi-coalition says

  The Saudi-led coalition has confirmed the destruction of four Houthi drones by air defenses targeting southern Saudi Arabia. This incident highlights the ongoing conflict between the Saudi-led coalition and the Houthi rebels in Yemen.

  1 min read