Facing US export controls, China's DeepSeek plans to make its own chips
It's early, but the plan is to reduce dependency on Nvidia and Huawei.
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The post China had a new unicorn every 3 days in H1 of 2026 appeared on BitcoinEthereumNews.com. China has witnessed its second-highest number of new unicorns created in a half-year, amid the boom in AI and robotics. In the first half of 2026, ending June, ITJuzi reports that China produced 67 new unicorns, which are private companies valued at least $1 billion. By that count, it means a new unicorn was created roughly every three days in H1. That’s the second-fastest half-year growth China has witnessed since H2 of 2021, when 76 unicorns were created. AI, robotics mint 53% of new Chinese unicorns At the time in 2021, the growth was spread across electric vehicles, biomedicine, and consumer internet businesses. However, this year’s run was mostly concentrated on AI and robotics, which together accounted for more than 53% of the cohort, according to the report. The standout was DeepSeek.The Hangzhou-based AI company closed its first outside funding round at a valuation of nearly 400
Read full articleIt's early, but the plan is to reduce dependency on Nvidia and Huawei.
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The post AI trade loses steam as Samsung earnings fail to lift chip stocks amid open source AI shift appeared on BitcoinEthereumNews.com. The AI trade, which incorporates semiconductors and memory stocks, is showing signs of fatigue as investors reassess whether the extraordinary spending boom on chips and data centers can be sustained. Semiconductor and memory stocks such as Micron Technology (MU) and Sandisk (SNDK) came under heavy pressure on Tuesday, after Samsung Electronics (005930) reported record second-quarter earnings but missed revenue estimates. Shares still fell nearly 7%, extending a broader selloff across AI-linked chipmakers. Concerns are growing that hyperscalers could slow AI infrastructure spending. Meanwhile, rival SK Hynix is down 25% from its all-time high ahead of its U.S. listing this week, a deal that is also drawing investor capital away from existing chip stocks.The weakness comes after a spectacular rally in AI infrastructure stocks this year, with Sandisk u
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