Beijing Approach AI Technology Co., or Approaching.AI, raised more than CNY1 billion within six months by selling AI tokens generated largely on computing infrastructure it does not own.
South Korean President Lee Jae-myung unveiled the country’s Three Mega Projects for AI and Semiconductors in late June 2026, an ambitious national strategy designed to strengthen South Korea’s global leadership in artificial intelligence and semiconductors. The initiative centers on three pillars—semiconductors, physical AI, and AI data centers—and aims to double the nation’s DRAM output within five years while expanding capabilities in high-bandwidth memory (HBM), advanced packaging, AI processors, and next-generation memory technologies. It also seeks to extend South Korea’s semiconductor footprint beyond the Seoul metropolitan region.
Foxconn Technology Group is stepping up energy-saving measures, green-power procurement, and supply chain decarbonization, with its factories in Taiwan targeting RE50 by 2030. The move comes as global brands such as Apple and Google increase pressure on suppliers to use renewable energy and cut emissions.
AI-driven demand is tightening global memory supplies, crowding out smartphones, PCs, and vehicles as DRAM and NAND Flash capacity is diverted toward data centers. Smart cars are among the hardest hit, and in China, where smart car adoption is rising quickly, automakers face sharper shortages, pricier components, and margin pressure.
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