Mainland memory chip and storage solution suppliers are pursuing share listings in Hong Kong, signalling a strategic shift to fuel their global ambitions, according to analysts. Shanghai-based Montage Technology is a prominent example, poised for its Hong Kong stock exchange debut on Monday. Credit: UNSPLASH Montage Technology, a designer of high-speed interconnect chips for data centres, is currently taking orders from institutional investors. The company is set to debut on

NXP Semiconductors projects first-quarter revenue above analysts' estimates, anticipating a robust automotive market and consistent industrial demand. This outlook suggests a potential bottom for the industrial market.

Hong Kong's initial public offering (IPO) market experienced a robust start to 2026, with listing applications tripling year on year and proceeds reaching their second highest level on record for Jan. This surge positions Hong Kong back in the global IPO spotlight.

Perplexity, an AI startup, has secured a $750 million agreement with Microsoft to utilise its Azure cloud service. This three-year deal allows Nvidia-backed Perplexity to run various AI models through Microsoft's Foundry program.

Amazon is in discussions to invest up to USD 50 billion in OpenAI, the creator of ChatGPT. These early-stage talks could position Amazon as the largest contributor to the artificial intelligence company’s current fundraising initiative.

Samsung Electronics reported a record operating profit for its fourth quarter, totaling USD 13.98 billion. This significant increase underscores the world's top memory chipmaker's strong pricing power.

Tesla announced a USD 2 billion investment in Chief Executive Officer Elon Musk’s artificial-intelligence organisation xAI. The company also reiterated that its Cybercab robotaxi production plans are on track for this year. This investment supports Musk's strategy to transition Tesla from an electric vehicle manufacturer to an AI organisation.

Seagate Technology anticipates third-quarter revenue and profit will surpass analyst expectations, driven by robust demand for its data storage devices. Enterprises are significantly scaling their use of artificial intelligence, fuelling this increased demand.