At Yingshi Innovation's 2025 annual shareholders meeting, founder and chairman Liu Jingkang said China's smart imaging market is effectively dominated by DJI and Yingshi Innovation and is not a rational market. He warned price wars are difficult to disprove and that no company can sustain a long-term monopoly or profits through pure price competition, saying the consumer electronics sector cannot rely on price cuts for healthy industry development.

US initial jobless claims for week ended June 27: 215,000 vs 220,000 expected; prior revised to 216,000 from 215,000.

The Information reports Anthropic has begun early-stage in-house AI chip development and is in discussions with Samsung Electronics over potential foundry and advanced packaging cooperation, according to three sources. Anthropic is still defining chip role, target performance and server-cluster integration, has engaged multiple chip-design firms, and has not entered detailed design, testing or manufacturing. Sources say Anthropic is considering Samsung’s 2nm process and advanced packaging. The move follows peers’ in-house chip efforts; OpenAI partnered with Broadcom to design chips in 2024 and released the first joint product, Jalapeño, last month.