Longhua Technology Group said on July 9 its subsidiary Fenglian Ke Optoelectronics (Luoyang) independently developed, mass-produced and shipped a G8.7 AMOLED silver‑alloy tube target. The launch fills China’s gap in fully domestically produced high‑generation AMOLED high‑end silver‑alloy tube targets and ends reliance on imports for this core display material.

Storage-chip names have tumbled more than 20% in recent weeks after peaking in late June, industry participants said. Meta’s sale of compute capacity stoked fears of excess compute and triggered a sectorwide pullback; SanDisk, Micron, Seagate and Western Digital are among leaders down over 20%. Traders note the industry’s long-standing cycle—capacity broadside expansion in booms, price collapses and industrywide losses, then capex retrenchment and eventual recovery—remains intact. Analysts say the key variable now is whether technical gaps between AI large models continue to narrow, which would materially affect incremental storage demand. Separately, commercial dynamics are shifting: cloud providers and AI data centers are increasingly signing three- to five-year supply agreements with price bands, minimum purchase commitments and customer deposits to secure critical supply, replacing shorter-term, spot or quarterly contracting.

Senior U.S. official: Washington has demanded Iran publicly commit to stop firing on vessels in the Strait of Hormuz and to confirm all shipping lanes remain open.