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Hanyang University graduate entrepreneurship school partners with Oregon Angel Partners to support startups\' U.S. expansion

Hanyang University’s Graduate School of Entrepreneurship said it signed a memorandum of understanding with U.S. investment firm Oregon Angel Partners on July 15 to support South Korean startups entering the U.S. market. The agreement aims to expand ongoing exchanges and cooperation between South Korea and the United States. The two sides plan to broaden student entrepreneur exchanges, strengthen collaboration for U.S.-bound startups, and jointly hold local pitch demo days and market-entry programmes.

AI & Enterprise

U.S. cost debate grows over whether data centre boom will raise household electricity bills

As data centres rapidly expand on the back of the AI boom, concerns are growing in the United States that the cost of generation, transmission and substation upgrades could be passed on to household electricity bills. Analysts disagree on whether data centres raise residential rates, with some arguing they increase procurement costs and others citing research suggesting average retail prices can fall as fixed costs are spread across greater usage. The debate centres on cost-allocation rules and regulatory design.

Industry

Intel buys ASML high-NA EUV lithography tool barred from China

Dutch chip equipment maker ASML has started shipping its next-generation high-NA EUV lithography tools to chip plants, with each unit costing $400 million. The system can achieve 8-nanometer resolution and draw finer circuits than existing EUV tools. Intel is the leading early customer after bringing in its first tool in 2024 for assembly and testing. Cost and U.S.-driven export curbs on sales to China are shaping adoption.