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Memory chipmaker CXMT sees shares surge 466%, becomes one of China's most valuable listed companies right below…
Chinese memory manufacturer CXMT experienced a massive surge of 466% on its initial public offering on Shanghai's STAR market, becoming one of China's most valuable listed companies. Despite concerns about speculation and potential market bubbles, CXMT's expansion plans and its appeal to major players like Apple highlight its growing significance in the global memory market.
Anthropic to restore access to Claude Fable 5 and Mythos 5 AI models
Anthropic will restore access to its Claude Fable 5 and Mythos 5 AI models for all customers following the US Department of Commerce lifting export controls. Access was previously suspended for foreign nationals due to national security concerns related to potential AI model jailbreaking.
Supermicro 'committed to protecting America’s advanced technologies and intellectual property' as investigation into former employees over alleged AI tech shipments to China begins
Supermicro is under investigation following charges against three former employees accused of illegally shipping AI servers containing GPUs to China. The company has stated its commitment to protecting advanced technologies and intellectual property, initiating an internal review of its global trade compliance program. The alleged scheme involved diverting approximately $510 million worth of servers to China.
Nintendo of America sues US government over tariffs
Nintendo of America has filed a lawsuit against the US government seeking refunds for tariffs imposed last year. The company manufactures its hardware in Vietnam and China and argues the tariffs were unlawful. This action follows a Supreme Court decision that struck down global tariffs, leading to new ones being imposed.
Nintendo sues Trump administration
Nintendo of America is suing the Trump administration and several US government agencies in the US Court of International Trade, seeking refunds for tariffs that the Supreme Court later deemed unconstitutional. The company claims these tariffs, amounting to over $200 billion collectively, negatively impacted its business, including causing delays in Nintendo Switch 2 pre-orders and increasing accessory costs.
Nintendo Is Suing The US Government Over Illegal Tariffs
Nintendo has filed a lawsuit against the US government seeking a refund for illegal tariffs previously levied under the IEEPA. The company joins other businesses like Costco and Staples in this legal action following a Supreme Court ruling. US Customs and Border Protection has indicated that its systems may take up to 45 days to process such refunds.
