丘鈦科技(01478.HK)：2026年上半年淨利潤2.76億元，同比減少10.5%

Xiaomi Group (01810.HK) announced Xuanjie D100, described as China’s first domestically developed 3nm high-compute autonomous-driving AI chip. The chip uses a 3nm process, pairs a 20-core CPU with a 16-core high-compute NPU, supports up to 160GB unified memory and can locally host 200B-parameter models. Xiaomi says development is complete and commercial deployment is planned for next year.

Goldman Sachs reiterated that if Gulf LNG exports via the Strait of Hormuz do not increase, TTF at €65/MWh is insufficient for Europe to effectively manage winter inventories. If Strait exports fail to improve, TTF must rise further to suppress Asian LNG demand and free cargoes for Europe. Goldman estimates that if Middle East energy exports only gradually normalize by 2027, TTF for December‑2026 delivery may need to exceed €100/MWh (assuming a normal-winter average), versus a €50/MWh base case — roughly a 110% increase — to materially curb Asian demand.