Midea Group said on June 25 at a roadshow it began building a Shunde liquid‑cooling smart manufacturing base in March 2026, with total investment exceeding CNY1 billion. The facility will scale production of core products including natural‑cooling magnetic‑levitation chillers and CDUs, create an end‑to‑end R&D‑to‑delivery liquid‑cooling capability, and is scheduled to start operations in August 2027 to achieve in‑house mass production of liquid‑cooling core components.

SK Hynix expects to issue ADRs on Nasdaq on July 10, targeting nearly $30 bln in proceeds in what could be one of the largest ADR offerings on record. Market participants say the deal should broaden its global investor base and could trigger a valuation re-rating; several asset managers see roughly 30% upside over the next year if SK Hynix trades at multiples comparable to Micron. A fund manager said SK Hynix should at least trade in line with Micron given forecasts that memory demand will outstrip supply for several years. The listing comes amid an unusually strong memory cycle: Micron, SK Hynix and Samsung shares are up over 200% YTD, with AI server demand for HBM cited as the chief structural driver.

Four people said on Wednesday that despite opposition from some U.S. lawmakers the Trump administration plans to move forward with a sale of dozens of jet engines to Turkey worth several hundred million dollars. The deal, seen as a goodwill gesture ahead of next month’s NATO summit in Turkey, involves GE-made engines intended for Turkey’s first indigenous fighter, KAAN, a program launched in 2016 as part of Ankara’s drive for defense autonomy. One source said the transaction would exceed $700m.