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U.S. big tech kicks off earnings season, giving clues to Korean memory chip outlook for next year

U.S. big tech companies have begun reporting third-quarter results that could signal the scale of Korean memory makers’ orders next year. Investors are watching for AI capital spending plans as much of that investment goes into AI servers that use memory chips. Meta reported heavy spending and lifted the low end of its full-year capex outlook. Analysts also cite pressure on cash flow and mixed market views on AI profitability and funding risks.

AI & Enterprise

AI slowdown calls clash with $800 billion infrastructure bets, raising fears for U.S. economy

Calls to slow U.S. artificial intelligence development are colliding with expectations of a surge in investment, drawing attention to how an AI slowdown could affect the broader economy. U.S. hyperscalers are forecast to spend $800 billion on AI infrastructure this year, while proposals range from pacing frontier-model development to halting advanced AI until federal rules are set. Markets are also watching how any pullback in AI investment could ripple through growth, stocks and credit.

Industry

Mplus to supply prismatic battery equipment to European battery company, entering defence market

Mplus has signed a contract to supply prismatic battery notching and stacking equipment to a European global battery company, the company said on Monday. The deal marks Mplus\' first transaction with a special-purpose battery company in the aerospace and defence sector. It said the market is shifting from pouch-type EV batteries toward prismatic ESS and defence-use batteries. Mplus also reported higher first-half net profit and operating profit.