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Industry

Samsung foundry pins hopes on 'AI factory' turnkey model to chase TSMC

Samsung Electronics is seeking a turnaround in its foundry business with an "AI factory" turnkey model that bundles memory, foundry and packaging. With TSMC's 3-nanometre utilisation near 100% and wafer price increases expected, some fabless chip designers are looking to reduce reliance on a single vendor. Samsung says demand for memory-and-foundry turnkey offerings is rising and that 2-nanometre contracts could become visible soon. The second half of the year will be a key test.

AI & Enterprise

Apple, Microsoft AI strategies put to the test as AI cost surge debate grows

Apple and Microsoft face a key month as investors and developers watch whether they can shift perceptions of their AI momentum. Apple’s World Wide Developers Conference runs June 8 to 12 and is expected to highlight on-device AI backed by its chip design experience. Microsoft is expected to unveil more in-house models at its June 2 to 3 Build conference as it leans less on OpenAI. Companies are also voicing growing concern over rising AI costs.

Crypto

Bitcoin stuck near $70,000 as social media optimism rises

Social media optimism on bitcoin has jumped to its highest level so far in 2026, even as the cryptocurrency trades sideways near $70,000, Cointelegraph reported on May 31. Santiment said bullish comments outnumbered bearish ones by 2.23 to 1, the most one-sided positive ratio this year. It said similar spikes earlier in 2026 were followed by short-term pullbacks, while extreme pessimism aligned with local bottoms. Spot bitcoin ETFs logged a 10th straight session of net outflows on May 30.