Micron Technology will raise pension contributions for employees in Taiwan from 8% to 10% and add three days of paid leave.

China's Ministry of Industry and Information Technology and seven other ministries issued the 15th Five-Year Plan for Enhancing Industrial Basic Capabilities, calling for strengthened R&D on basic products in key industrial chains. The plan coordinates high-quality development actions for manufacturing chains and an industrial-base reconstruction programme, prioritizes a set of specialized foundational products tightly coupled with finished systems, and mandates upstream-downstream industry collaboration to drive those projects. It instructs parallel deployment of hardware and software R&D tasks, creation of a standards-conversion list, and accelerated cultivation of core patents.

U.S. premarket: Tesla (TSLA.O) down 5% after cutting its annual capital expenditure forecast; SpaceX (SPCX.O) down 2.5%; IBM (IBM.N) down 5.6%.