ChangXin Memory Technologies (CXMT) shares surged nearly 470% during its debut on the Shanghai Stock Exchange's Star Market. This increase raised its market valuation to approximately 3.3 trillion yuan ($487 billion), making it the most valuable listed company in mainland China.

South Korea's government and major tech firms will invest $1 trillion in projects to enhance global memory chip supply, develop AI data centers, and promote humanoid robot deployment by 2028. This initiative responds to increased demand for memory chips driven by the AI industry, which has resulted in shortages and rising prices.

Apple plans to raise product prices due to a surge in memory chip costs. CEO Tim Cook stated that these price increases are "unavoidable" as the current situation regarding memory chips is "unsustainable."