Reports said TSMC (TSM.N) had about $1 bln of A20 Pro (2nm/N2) processors for Apple (AAPL.O) stuck in-factory awaiting memory and unable to complete final packaging. Analyst Ming‑Chi Kuo said Apple did cut hardware shipments this year due to memory shortages, but Apple schedules TSMC processor production at least three months ahead based on expected memory availability rather than having TSMC prebuild large volumes of in‑process inventory. Kuo said he is not aware of TSMC accumulating roughly $1

Shanghai Municipal Commission of Commerce and six other departments issued a plan to build a national service‑trade innovation demonstration zone. The plan aims to attract AI R&D centers, open‑source platforms and joint labs. It calls for expanding cross‑border invocation of computing power and base large models and explicitly supports export of model products, including intelligent agents and multimodal generation systems. The plan encourages embodied‑intelligence and smart‑terminal firms to roll out full‑lifecycle service models and promotes AI adoption in healthcare, education and professional services. It also backs hosting the World Artificial Intelligence Conference and global developer events, accelerating a World AI Cooperation Organization headquarters, designating Pudong as an AI innovation application pilot zone, and supporting Xuhui district’s “Mosu Space” large‑model innovation community. The plan includes exploring a global AI governance framework.

Singapore Q2 GDP 1.4% QoQ, prior 1.1%.