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CXMT Highlights Smartphone, AI Advances as Market Share Climbs — Daily Fintech News, September 7, 2026

Monday, September 7, 2026 · 9:32 PM ET

Semiconductors · WSJ

1.CXMT Highlights Smartphone, AI Advances as Market Share Climbs

Chinese memory-chip maker ChangXin Memory Technologies (CXMT) told investors it is gaining ground in higher-end and AI memory markets, moving beyond commodity chips after a sharp swing to profitability; Xiaomi's coming flagship smartphone will use its chips.

AI Infrastructure · FT

2.AI computing demand may never be sated, says CEO of Nvidia partner Iren

The co-founder of Nvidia partner Iren says demand for AI computing may never be satisfied and the tech-infrastructure boom is 'fundamentally different' from past cycles, as the cloud-computing challenger races to expand its data centres.

$IREN
$IREN Close$44.68+7.27%
1Y +70.9% Rev QoQ -26.7% EPS QoQ — 52wk $25.38–$76.87 P/E — Mkt Cap $17.61B

AI · Bloomberg

3.Japan's Preferred Networks Seeks IPO to Keep Up in AI Chip Race

Japanese AI developer Preferred Networks is preparing an initial public offering to raise capital and keep pace in the costly race to design AI chips, tapping public markets to fund its push against far larger rivals.

Markets · Bloomberg

4.Uber Meets With Investors Ahead of Debut Five-Part Euro Bond

Uber has hired banks and is meeting investors for its first-ever euro-denominated bond, a five-part offering that would broaden the ride-hailing company's funding base in European debt markets.

$UBER
$UBER Close$75.76-0.26%
1Y -16.7% Rev QoQ +12.2% EPS QoQ +85.5% 52wk $65.41–$101.99 P/E 16.6 Mkt Cap $154.74B

Semiconductors · Bloomberg

5.IQE CEO Warns of Emerging China Supply Risk for Chip Industry

The chief executive of compound-semiconductor wafer maker IQE warned that growing Chinese competition and shifting supply dynamics pose an emerging risk to the broader chip industry's supply chain.

AI Infrastructure · Bloomberg

6.US Tech Firms Eye Australia for AI Centers, Local Operator Says

US technology companies are increasingly eyeing Australia for new AI data centres, a local operator says, drawn by power availability and stability as the global AI-infrastructure buildout spreads beyond established hubs.

Semiconductors · The Information

7.Huawei's New Smartphone Chip Tests a Path Around U.S. Restrictions

Huawei's new Kirin 9050 Pro smartphone chip uses a design based on the Tau Scaling Law the company presented in May, testing a route around U.S. export restrictions as it pushes to advance its in-house silicon.

Big Tech · FT

8.John Ternus's first test at Apple: selling a $2,000 foldable iPhone

New Apple chief John Ternus faces an early test with a roughly $2,000 foldable iPhone, as the company looks to raise prices across its device range to offset rising component costs and protect margins.

$AAPL
$AAPL Close$319.97-2.51%
1Y +33.5% Rev QoQ +16.4% EPS QoQ +28.7% 52wk $225.95–$344.57 P/E 36.6 Mkt Cap $4.67T

AI Infrastructure · The Information

9.Desperation to Get Data Centers Online Is Reshaping Companies' Bargaining Power

As hyperscalers race to bring AI data centers online, the scramble for power, land and equipment is shifting leverage toward suppliers, landlords and utilities, reshaping the terms tech companies can command in the AI-infrastructure buildout.

Semiconductors · Bloomberg

10.Longsys Set to Debut in Hong Kong After $903 Million Listing

Chinese memory-chip maker Longsys is set to begin trading in Hong Kong after raising roughly $903 million in a listing, tapping public markets to fund expansion amid an AI-driven surge in memory-chip demand.

IPOs · WSJ

11.Robinhood Wins a New Role in the Oura IPO: Underwriter

Robinhood has landed a role as an underwriter on smart-ring maker Oura's initial public offering, an unusual step for the retail brokerage as it pushes deeper into investment-banking-style businesses.

$HOOD
$HOOD Close$122.11-2.09%
1Y +20.6% Rev QoQ +32.3% EPS QoQ +47.6% 52wk $63.515–$153.86 P/E 54.0 Mkt Cap $109.79B

Telecom · Bloomberg

12.Europe's Top Carriers in Talks for Satellite-to-Mobile Venture

Some of Europe's largest telecom carriers are in talks to form a joint venture for satellite-to-mobile connectivity, aiming to pool resources to compete in direct-to-device services as the space-based mobile market heats up.

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