Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says 
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9% 
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook 
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue 
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters 
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum 
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth 
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans 
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation 
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
SK Telecom Co. will pursue expansion in the global artificial intelligence (AI) market with its semiconductor for data center operations, dubbed SAPEON X220.
It was the first AI chip developed by the mobile carrier SK Telecom and also the country's first AI chip for data centers.
The global AI chip market is set to grow to 50 trillion won by 2024.
SK Telecom's new AI chip is 1.5 times faster in deep learning processing speeds than graphic processing units (GPU) used by many companies in running AI-based data centers.
The SAPEON X220's power consumption is about 80 percent of a conventional GPU and costs at around half the price.
The chip, which will be manufactured by Taiwan Semiconductor Manufacturing Co., will be supplied by SK Telecom to the South Korean government for its new data analysis service before the end of this year.
The chips will also be used by digital equipment maker Cast.era, a joint venture between SK Telecom and the U.S.-based Sinclair Broadcast Group, to run cloud servers.
The carrier added that it aims to use the chips next year for its own AI services, such as its AI assistant NUGU, and that it is closely working with its affiliate and memory chip giant SK hynix Inc. in memory-related technology.
SK Telecom will also pursue AI as a Service (AIaaS) business to expand its presence in the AI chip sector.
The South Korean government hopes local companies would be able to develop up to 50 AI chips by 2030.
