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Addis Ababa, Nov 11 — At the 2026 China-Africa Energy Forum, Beijing offered to support African expansion of oil refining capacity, accelerate renewable energy development and help build stronger power grids. The head of China’s mission to the Africa

2026-06-12

Addis Ababa, Nov 11 — At the 2026 China-Africa Energy Forum, Beijing offered to support African expansion of oil refining capacity, accelerate renewable energy development and help build stronger power grids. The head of China’s mission to the African Union said Africa has substantial fossil-fuel and renewable potential and that China will contribute its experience and solutions to Africa energy development.

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2026-06-12

TrendForce says Q1 top-10 global wafer foundry revenue rose 3.7% QoQ to $47.95bn, driven by continued AI/HPC shipments and customers front-loading TV and PC/NB orders and raising peripheral IC inventories; smartphone seasonality largely offset by thi

TrendForce says Q1 top-10 global wafer foundry revenue rose 3.7% QoQ to $47.95bn, driven by continued AI/HPC shipments and customers front-loading TV and PC/NB orders and raising peripheral IC inventories; smartphone seasonality largely offset by this early restocking. Foundries report improving utilization and have signaled willingness to push wafer prices higher in H2, which could prompt some process-node wafer prices to bottom and rebound and further incentivize customer advance buying. Demand for AI-related advanced nodes and power ICs have outpaced expectations, creating order spillover and capacity squeeze. TrendForce expects top-10 foundry revenue to hit a new peak in Q2 with a faster QoQ growth rate than Q1.
2026-06-12

The A-share commercial aerospace sector fluctuated higher, with Chuangyuan Information Technology surging over 19%, Longhua Technology and Lens Technology both rising over 10%, and AVIC Xi'an Aircraft and Taiyong Changzheng hitting the daily limit. A

The A-share commercial aerospace sector fluctuated higher, with Chuangyuan Information Technology surging over 19%, Longhua Technology and Lens Technology both rising over 10%, and AVIC Xi'an Aircraft and Taiyong Changzheng hitting the daily limit. Aerospace Development, Suochen Technology, and Tian'ao Electronics also saw gains. In related news, reports indicate that the allocation results for SpaceX's IPO have been largely finalized, with approximately 20% of the shares allocated to retail investors.
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