South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan 
Northern Star Appoints New CEO as Activist Elliott Pushes for Leadership Overhaul 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
Brazil to Phase Out Gasoline Subsidy First as Diesel Support Stays Longer 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds 
South Korea’s SK Hynix Inc. is finalizing negotiations to supply its automotive DRAM chips to German multinational tech giant Robert Bosch GmbH.
The South Korean chipmaker is pursuing a 10-year supply deal. The potential contract's value was unknown.
Bosch officials visited SK Hynix’s offices in South Korea to discuss the deal in late 2020.
The global automotive DRAM market is forecast to grow rapidly due to the takeoff of self-driving cars.
The DRAM capacity for an autonomous vehicle is forecast to increase from 2GB in 2020 to 8GB by 2024.
Analysts say that the automotive DRAM segment will grow from a mere 2 percent of the global DRAM market grow to 4 percent over the next five years.
The talks between SK Hynix and Bosch also come amid growing signs that the global DRAM market is entering a boom cycle with chip prices on an ascending trendline and major chipmakers spending generously to ramp up facilities.
