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Crypto

Chinese AI chip stocks trade first on crypto exchanges as overseas funds seek access

Overseas investors are effectively investing early in Chinese AI semiconductor companies through perpetual futures on cryptocurrency exchanges, an analysis said. With direct access to mainland Chinese equities limited, investors are betting on pre-listing prices via crypto derivatives. Trading has surged ahead of ChangXin Memory Technologies\' planned STAR Market listing. The products allow round-the-clock trading without owning shares and are seen as a way to bypass China’s foreign investment restrictions and perform price discovery before IPO pricing.

Industry

Huawei may produce DRAM directly as vertical integration view resurfaces

Speculation has resurfaced that Huawei is building and operating DRAM production facilities in mainland China. TechRadar reported that Huawei is suspected of effectively controlling a DRAM plant through a joint structure with Shenzhen-based memory firm Qubulas, though Huawei has officially denied the claim. Analysts cite Chinese government support and U.S. export controls as factors behind the allegations. Industry watchers say in-house DRAM could bolster Huawei’s AI chip competitiveness.

Industry

U.S. FCC seeks retroactive ban on sales of products suspected of links to China’s DJI

The U.S. Federal Communications Commission is considering a retroactive ban on sales in the United States of drone and camera products made by companies suspected of links to China’s DJI. The plan could cover items already certified and sold. The FCC has proposed $25,000 in fines and would also suspend grantee codes. It said existing customers would not face recalls and the measures would follow a 30-day public comment period.