Dongfang Suanxin unveiled its flagship DF1000 in Shanghai, presenting it as the world’s first software‑defined 3D-stacked near‑memory compute chip. The DF1000 uses software‑defined chip technology to decouple hardware and software and enable dynamic reconfiguration, and adopts 3D near‑memory stacking. Built on a 14nm node, the company reports the chip achieves 520 TFLOPS at BF16 and is targeted at addressing core bottlenecks in China’s high‑end compute chip development.

Renewed U.S.–Iran tensions pushed oil higher and stoked speculation the Fed may need to raise rates to curb inf. The two‑year U.S. Treasury yield, most sensitive to rate moves, briefly rose 3bps to 4.24%, its highest since Feb 2025; the 10‑year rose 3bps to 4.59%. Swap markets now price a near‑certain chance of a September Fed hike versus about 66% a week ago. Market sensitivity to Iran developments has increased after weekend attacks and strikes on Russian refineries.

Kazakh foreign minister Kosherbayev began an official visit to China today, the Chinese foreign ministry said. Spokesperson Lin Jian said the two foreign ministers will hold in-depth exchanges on implementing leaders' consensus, advancing China–Kazakhstan relations, and shared international and regional issues. The ministry said it will release further details of the visit later.