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After Blockbuster IPO, China's Memory Giant CXMT Plans Second Chip Plant In Beijing CXMT, China's largest chipmaker by output and certainly by market value thanks to its blowout IPO pricing one week ago, which saw its stock surge more than 7x from its offering price of 8.66 yuan per share, is considering building a second memory-chip plant in Beijing ​and is in financing talks with a tech manufacturing hub backed by the local government, Reuters reported citing source familiar. The move ‌comes as CXMT, which is currently the world's 4th largest...

Baltic States Warn Of Unfunded Debt Surge For Europe's Defense Splurge In a rare outbreak of sanity from the continent that perfected kicking the can, officials on NATO’s eastern front are openly admitting what Brussels and Frankfurt have spent years denying: you can’t fund a permanent war footing with infinite borrowing and hope the bond market never notices. Estonia’s outgoing ECB rate hawk Madis Muller dropped the red pill in parliament Thursday, bluntly telling lawmakers that jacking up budget deficits to pay for the defense surge is no long-term solution. “These...

UK Prime Minister Burnham Rejects Calls For National Data-Center Moratorium Authored by Matthew Gooding via Data Centre Dynamics, UK Prime Minister Andy Burnham has ruled out a national moratorium on data centers. Speaking in the UK parliament on Wednesday, Burnham said the government's AI Growth Zone scheme would help ensure communities hosting new data centers would feel the economic benefits of developments. Responding to a question from Labour MP Ian Lavery, who said three "vast" AI data centers are currently under construction in his constituency, Blyth and Ashington in north-east England, Burnham said:...