Qualcomm confirmed the $3.9 billion acquisition of AI software startup Modular on 24 June while continuing talks to buy chip designer Tenstorrent for up to $10 billion.
Author Archives: newanalytica
Posted inMarkets
SK Hynix targets $29 billion Nasdaq listing to fund AI memory expansion
South Korea’s SK Hynix filed to list ADRs on Nasdaq on 10 July, seeking to raise roughly $29 billion in what would rank among the largest US share offerings on record.
Posted inEconomy
US May PCE hits 4.1%, highest since April 2023, as core inflation accelerates
The Fed’s preferred inflation gauge rose 4.1% year-on-year in May 2026, the fastest pace in over three years, while core PCE climbed to 3.4% — its highest since late 2023.
Posted inGeopolitics
Senate passes Iran war powers resolution in historic first for both chambers
The Senate voted 50-48 on 23 June to direct Trump to end US military hostilities against Iran, the first time both chambers of Congress have passed such a measure.
Posted inWorld
Venezuela’s twin earthquakes kill 235 and leave tens of thousands missing
Back-to-back 7.2 and 7.5 magnitude earthquakes struck near Caracas on 24 June, killing at least 235 people in Venezuela’s worst seismic disaster since 1900.
Posted inTech
Reflection AI takes $6.3bn SpaceX compute deal as AI infrastructure concentrates
Reflection AI will pay SpaceX $150 million a month for Nvidia GPU access at Colossus 2, in a contract worth up to $6.3 billion through 2029.
Posted inMarkets
Micron guides Q4 revenue to $50 billion as AI memory demand outruns supply
Micron reported Q3 FY2026 revenue of $41.46 billion — smashing guidance by $8 billion — and guided Q4 to $50 billion as AI memory demand outpaces chip supply.
Posted inEconomy
US and India near a trade deal with a July 24 tariff deadline forcing pace
USTR Jamieson Greer completed a June 22-24 New Delhi visit with both sides saying a trade deal is imminent before the July 24 tariff deadline on Indian goods.
Posted inGeopolitics
Ukraine destroys Saky airfield hangars and air defences, cutting Crimea power
Ukraine struck Saky airfield in Crimea on June 24, destroying four aircraft hangars and two Pantsir-S1 systems, leaving half the peninsula without electricity.
Posted inWorld
Keir Starmer resigns as UK Prime Minister after Reform’s local election surge
Keir Starmer resigned as Prime Minister on June 22, less than two years in office, after Labour shed 1,496 council seats to a Reform UK surge in May elections.