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Caixin Global
Caixin Global

Business Brief (June 30): China Pushes for Faster AI Breakthroughs

DeepSeek State Council

State Council reviews AI development

Premier Li Qiang chaired a State Council meeting to review AI development, emphasizing the need to accelerate breakthroughs, establish strict safety baselines and improve ethical and testing standards.

Global semiconductor companies to raise prices

Nearly 20 global semiconductor companies will reportedly launch a new round of price increases on July 1, driven by rising wafer foundry and raw material costs alongside surging demand for power chips used in AI data centers.

NEWS SUMMARY

GigaDevice Semiconductor has been added to a globally popular exchange-traded fund, signaling international recognition of Chinese memory chipmakers.

DeepSeek will launch the V4 version of its AI model in July, introducing a peak-and-valley pricing mechanism.

Contact editor Lin Jinbing (jinbinglin@caixin.com)

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