Shennan Electric A said it has not, to date, participated in any projects related to "Yichu Shu Intelligent Source".

The Bank of Korea said in a report released Monday that the global semiconductor market remains undersupplied and it expects the AI-driven current "supercycle" to continue for some time, rejecting investor concerns that the chip cycle has peaked. The report noted: "Despite a sharp surge in demand driven by AI infrastructure investment, the pace of supply expansion has been relatively slow." It added there are no signs the semiconductor cycle is slowing.

Saudi state news agency said multiple sites in Oman's Musandam region were hit by drone strikes.