MOFCOM says it is advancing efforts to resolve issues involving Nexperia, Xinhua reports.

Shanghai Meteorological Observatory at 07:25 on July 16 issued an orange high-temperature warning for central districts, forecasting most of the central urban area to exceed 37°C today. Xujiahui recorded 38.9°C yesterday, the hottest day since the start of summer. As of yesterday Shanghai has logged five high-temperature days. The bureau warned of adverse effects on city operations and public health and urged caution on fire and electrical safety.

NVIDIA (NVDA.O): Fujitsu, Fanuc, Yaskawa Electric and Kawasaki Heavy Industries will use NVIDIA's platform to jointly develop a physical-AI industrial platform.