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China's DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022
China's DRAM Giant CXMT Gets Final Nod For Largest Mainland IPO Since 2022
Chengxin Memory Technology, China’s leading maker of DRAM (dynamic random-access memory) chips, has had its initial public offering approved by the country’s securities watchdog, clearing the way for the Chinese mainland’s biggest stock market listing since 2022.
CXMT’s registration to go public on Shanghai’s Nasdaq-style Star Market became effective on June 12. The Hefei-based company is planning to raise CNY29.5 billion (USD4.4 billion) by issuing 10.6 billion shares, which would also make it the Star Market’s second-largest IPO.
As...
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Jul 10, 2026 / Tyler Durden
Apple Sues OpenAI Alleging Trade Secret Theft In Blockbuster AI Hardware Case
Apple Sues OpenAI Alleging Trade Secret Theft In Blockbuster AI Hardware Case
Apple has filed a major lawsuit in the U.S. District Court for the Northern District of California accusing OpenAI, io Products, and former Apple executives of misappropriating trade secrets to fast-track AI hardware development.
The complaint details a months-long scheme involving former Apple employees now at OpenAI. Key defendants include Tang Tan (OpenAI hardware lead and ex-Apple VP of product design) and Chang Liu (former Apple senior electrical engineer). Apple alleges they directed recruits to share confidential details on...
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Jun 23, 2026 / Tyler Durden
These Are The Countries Where $1,000 Takes The Longest To Earn
These Are The Countries Where $1,000 Takes The Longest To Earn
How long would you need to work to earn $1,000? In Colombia, the answer is roughly 86 hours. In Luxembourg and Iceland, it’s just 16.
Using data from the OECD on average annual wages and Our World in Data’s figures for annual working hours, Visual Capitalist's Srijaa Chatterjee created this visualization ranking countries by how long it takes the average worker to earn $1,000.
The figures are expressed in purchasing power parity (PPP)-adjusted dollars, which account for differences in local price levels and make incomes...
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Sep 3, 2026 / Tyler Durden
Federal Judge Spares Google From Breaking Up Ad Tech Business
Federal Judge Spares Google From Breaking Up Ad Tech Business
Authored by Bill Pan via The Epoch Times,
A federal judge has ruled that Google does not have to dismantle its advertising technology business, rejecting the most punitive remedy sought by the Justice Department in the antitrust case against the company.
In an order issued on Wednesday, U.S. District Judge Leonie Brinkema of the Eastern District of Virginia declined to compel Google to sell AdX, its online advertising marketplace.
AdX allows publishers to auction ad space in real time when users visit their...
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