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Jun 18
SpaceX acquires Cursor to bolster xAI and court AI developers

SpaceX has agreed to acquire AI coding tool developer Cursor for US$60 billion, in a deal that underscores how competition in the AI industry is extending beyond foundation models into the application layer and developer ecosystems. The purchase gives SpaceX direct access to enterprise customers, developer communities, and high-value code data instead of rebuilding a product from scratch. Markets see it as a key addition to Elon Musk's AI strategy.

According to an announcement published by China's Ministry of Commerce on June 22, China has added 10 US entities to its export control list, prohibiting the export of dual-use items to these companies and banning any organization or individual from transferring China-origin dual-use items to them.

India is accelerating its electronics manufacturing ambitions through AI infrastructure, semiconductor packaging, rare earth development, and foreign investment, even as regulatory compliance, traceability, and supply chain resilience remain key challenges.

Agentic AI is entering the financial sector, and a future where agents make purchases and manage wealth on people's behalf is appearing on the horizon – but is the financial system ready for this?

Taiwan's investment office, InvesTaiwan, under the Ministry of Economic Affairs, has approved expanded Taiwan investment plans from four companies, led by MSScorps, which will invest NT$1.5 billion (US$47.4 million) and is filing for the third time. The company plans to add production lines and adopt AI technology at its Hsinchu, Tai Yuen Hi-Tech Industrial Park, and Southern Taiwan Science Park (STSP) facilities.

Semiconductor testing and analysis service provider Hongkang held its annual shareholders' meeting on June 18. Chairperson Hsieh Yung-fen said the company has begun investing in a silicon photonics wafer-and-chip optoelectronic analysis platform in anticipation of growing demand for silicon photonics. The first system is expected to be installed before August 2026, followed by a second and third system by the end of 2026 and early 2027, respectively.

The National Science Council organized a Taiwan Tech Arena delegation of 95 companies to attend the VivaTech conference in France, presenting an "AI Taiwan" showcase to promote Taiwan’s AI technologies and applications to European buyers and partners. The delegation departed this year to align with VivaTech’s 10th anniversary and its theme "A New Dimension for a New Decade," aiming to highlight how AI can be integrated into daily life and industry settings.
South Korean battery equipment maker A-PRO says robot battery design differs sharply from electric vehicles (EVs), with hot-swap battery replacement, dual-battery setups, and autonomous energy management emerging as key solutions for keeping machines running longer and reducing downtime. The company outlined its strategy at the Korean Institute of Electric Vehicles (KIEV) 2026 summer seminar.
Tongtai expands aerospace, AI and semiconductor push under new board
Jun 22, 07:42

Taiwan-based Tongtai Machine & Tool is accelerating its transformation toward high-value manufacturing, leveraging growing opportunities in AI servers, semiconductors and aerospace. At its annual general meeting on June 17, shareholders approved all proposals and elected a new board that includes several aerospace industry veterans, underscoring the company's commitment to expanding into advanced manufacturing sectors despite a challenging operating environment.

Amid growing localization efforts across China's supply chain, FineMat Applied Materials has seen its metal mask business continue to shrink and is accelerating its transition into AI cooling, semiconductors, and drones. The company's liquid-cooling cold plates for AI applications have already been sampled by end customers and are expected to begin shipping in the second half of 2026. Once volume production ramps in 2027, cooling products could account for more than 50% of total revenue, becoming a key growth driver.

Two years after returning to Google, co-founder Sergey Brin recently made his first public appearance and participated in an open Q&A session at the AGI House event in Silicon Valley. During the discussion, Brin addressed Google's current development status, explained the company's technological direction, and revealed that a debate over the definition of artificial general intelligence (AGI) is beginning to emerge. The outcome of this debate could directly influence the future development path of AGI.

Samsung Electronics is reportedly reviewing the possibility of investing in Boston Dynamics, the US robotics company controlled by Hyundai Motor Group.