Cambricon

The Monetary Authority of Singapore tightened the slope of the Singapore dollar's nominal effective exchange rate policy band on April 14 (the first rate hike in four years) and raised its 2026 inflation forecast to 1.5–2.5%; the government launched a support plan worth nearly S$1 billion.

This is the first time the Singapore government has responded to the impact of the Middle East conflict on Singapore's economic system.

Well not surprising isn’t it that MAS did what it did. It was just the responsible thing to do with the impending uptick in inflation.

Alibaba’s chip unit has delivered over 100,000 of its most advanced AI chip, Zhenwu 810E, more than chip darling Cambricon Technologies, China-state controlled media report. Beijing requires companies to use AI chips developed in China, although Nvidia hopes to sell its powerful H200 AI chips in the nation. Alibaba may spin-off its chip unit, T-Head, for a stock-market listing. $Alibaba(BABA.US) #semiconductors #semiconductor

Source: Dan Nystedt