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Techmeme
June 29, 2026, 12:10 PM
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Top News

Song Jung-a / Financial Times:
South Korea, Samsung, and SK Hynix say they plan to invest ~$590B to build a new chip complex, including four chipmaking plants and a chip packaging cluster  —  Companies to invest alongside South Korean government in factories to meet surging demand for memory chips
Kif Leswing / CNBC:
Soaring memory costs are posing existential threats to small electronics makers, amid thin margins, low supply chain leverage, and little room for price hikes  —  Earlier this year, Mono Technologies assembled and shipped nearly 1,000 units of its flagship product, a $600 router development kit.
Hassan Mujtaba / Wccftech:
Jefferies: memory prices are expected to rise 40%-50% in Q3 2026 and 30%-40% in Q4, as Chinese memory makers are unlikely to provide meaningful near-term relief  —  Memory prices are all set to rise further in the coming quarters of 2026 as persistent shortages continue to grip the market.
Ming-Chi Kuo:
Kuo: the memory supply-demand gap will widen through 2027, with an estimated 15%-20% of 2026 consumer electronics capacity shifting to data centers in 2027
Emma Roth / The Verge:
Rocket Lab plans to acquire Iridium for $8B and combine Rocket Lab's launch services with Iridium's satellite-based communications network to rival SpaceX  —  Iridium's constellation of 66 satellites provides communications for 2.5 million subscribers.
James Hunt / The Block:
Filing: Strategy paused its bitcoin acquisitions last week, instead topping up its USD reserve to $2.55B and announcing a $1B digital credit buyback program  —  Quick Take  — Strategy paused its bitcoin acquisition last week despite raising $1.15 billion in MSTR proceeds, with its total holdings remaining at 847,363 BTC.
Reuters:
Sources: CXMT and Tencent sign a ~$3B, three-year DRAM supply agreement for servers ahead of CXMT's IPO; CXMT is in talks with other major Chinese companies  —  Chinese memory chipmaker ChangXin Memory Technologies (CXMT) has signed a long-term supply agreement with Tencent Holdings (0700.HK) …
Jyoti Mann / The Information:
Internal documents: Meta is placing strict limits on how engineers in its applied AI division can use Claude Code and Codex, fearing inadvertent distillation  —  As Meta Platforms tries to wean itself off expensive AI coding applications from Anthropic and OpenAI, it is confronting a difficult challenge …
Max Miller / Engadget:
A look at security flaws, police misuse, and other concerns over the 100K+ AI-enabled automated license plate readers installed across the US, mostly from Flock  —  “You can't get a breath of fresh air ... without us knowing.”  —  Thanks to the rise of AI, a new kind of surveillance camera …
David Segal / New York Times:
How a Polymarket dispute over a single syllable ignited a bitter debate; Polymarket uses Risk Labs' Optimistic Oracle to decide ~200K tough call bets per month  —  In mid-April, a long and testy argument erupted online over a seemingly trivial question: Did a guy in a video say “Donk”?

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From Mediagazer

Meg James / Los Angeles Times:
Sources: Paramount's board approved David Ellison's plan to possibly leave California, selling its 65-acre lot in Hollywood and the Warner Bros. Burbank campus

Dan Mangan / CNBC:
President Trump announces that White House Press Secretary Karoline Leavitt will leave her post by the end of August to spend more time with her family

Benjamin Mullin / New York Times:
Sources: Forbes fired Chief Content Officer Randall Lane last month after finding he received ~$6M from R.J. Shook, founder of Forbes partner Shook Research

More News

NPR:
SCOTUS finds that Trump's 2025 firing of FTC Commissioner Rebecca Kelly Slaughter without cause was lawful, placing independence of several agencies in doubt
Bloomberg:
Verizon and the UK's BT agree to create a joint venture for their international businesses with ~$4B in combined yearly revenue; Verizon will pay $625M to BT

Earlier Picks

Ben Jiang / South China Morning Post:
DeepSeek details DSpark, a speculative decoding framework for its V4 models, saying it speeds up AI inference by up to 85% and was tested on Gemma and Qwen
New York Times:
Google's Earthquake Alerts system reached 11.4M+ Android users ahead of Venezuela's June 24 earthquakes, providing seconds or up to two minutes of prior notice
Marton Eder / Bloomberg:
Letter: Austria is pushing the EU to consider hosting Anthropic within its borders, highlighting EU efforts to boost bloc independence from US and Chinese tech
Jackson Chen / Engadget:
Australia says it plans to double the maximum penalty for any social media company breaking its minimum age law to AU$99M and grant more powers to enforcers
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