At the Plug and Play Silicon Valley May Summit 2026, industry leaders gathered for the “Seoul Forward: Where Global Startups Scale Next” session to discuss the city’s rapid evolution into a premier global innovation hub. Lee Ji-hyung, President and CEO of Invest Seoul, noted that Seoul and Silicon Valley share a core DNA of talent and collaboration, positioning the city as an ideal testing ground for global companies expanding across Asia. Sobhan Khani, President and Partner at Plug and Play, echoed this sentiment, highlighting the immense talent pool in South Korea and the ongoing mission to connect innovation dots worldwide.

CXMT’s planned Shanghai listing is becoming more than a test of investor appetite for China’s top DRAM maker. It is also putting a spotlight on whether the company’s next phase of expansion can accelerate China’s push to localize semiconductor equipment and materials.

Lenovo reported a 27% increase in revenue for the fourth quarter of its 2026 fiscal year, which ended March 31, as demand tied to artificial intelligence (AI) helped lift results across the company.