# Daily Fintech News — September 7, 2026 > Daily brief on markets, macro, banking, chips and AI infrastructure. Published September 7, 2026 at 7:00 PM ET by Daily Fintech News. Canonical HTML: https://dailyfintechnews.com/brief/fintech/2026-09-07 **Entities covered:** ChangXin Memory Technologies, Nvidia, IREN, Japan, Initial public offering, China, Huawei, United States, Apple Inc., Data center --- ## 1. CXMT Highlights Smartphone, AI Advances as Market Share Climbs *Section: Semiconductors · Source: WSJ* 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. Permalink: https://dailyfintechnews.com/brief/fintech/2026-09-07#item-1 ## 2. AI computing demand may never be sated, says CEO of Nvidia partner Iren *Section: AI Infrastructure · Source: FT · Tickers: $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 close: $44.68 (+7.27%) Permalink: https://dailyfintechnews.com/brief/fintech/2026-09-07#item-2 ## 3. Japan's Preferred Networks Seeks IPO to Keep Up in AI Chip Race *Section: AI · Source: Bloomberg* 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. Permalink: https://dailyfintechnews.com/brief/fintech/2026-09-07#item-3 ## 4. Uber Meets With Investors Ahead of Debut Five-Part Euro Bond *Section: Markets · Source: Bloomberg · Tickers: $UBER* 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 close: $75.76 (-0.26%) Permalink: https://dailyfintechnews.com/brief/fintech/2026-09-07#item-4 ## 5. IQE CEO Warns of Emerging China Supply Risk for Chip Industry *Section: Semiconductors · Source: Bloomberg* 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. Permalink: https://dailyfintechnews.com/brief/fintech/2026-09-07#item-5 ## 6. US Tech Firms Eye Australia for AI Centers, Local Operator Says *Section: AI Infrastructure · Source: Bloomberg* 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. Permalink: https://dailyfintechnews.com/brief/fintech/2026-09-07#item-6 ## 7. Huawei's New Smartphone Chip Tests a Path Around U.S. Restrictions *Section: Semiconductors · Source: The Information* 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. Permalink: https://dailyfintechnews.com/brief/fintech/2026-09-07#item-7 ## 8. John Ternus's first test at Apple: selling a $2,000 foldable iPhone *Section: Big Tech · Source: FT · Tickers: $AAPL* 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 close: $319.97 (-2.51%) Permalink: https://dailyfintechnews.com/brief/fintech/2026-09-07#item-8 ## 9. Desperation to Get Data Centers Online Is Reshaping Companies' Bargaining Power *Section: AI Infrastructure · Source: The Information* 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. Permalink: https://dailyfintechnews.com/brief/fintech/2026-09-07#item-9 ## 10. Longsys Set to Debut in Hong Kong After $903 Million Listing *Section: Semiconductors · Source: Bloomberg* 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. Permalink: https://dailyfintechnews.com/brief/fintech/2026-09-07#item-10 ## 11. Robinhood Wins a New Role in the Oura IPO: Underwriter *Section: IPOs · Source: WSJ · Tickers: $HOOD* 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 close: $122.11 (-2.09%) Permalink: https://dailyfintechnews.com/brief/fintech/2026-09-07#item-11 ## 12. Europe's Top Carriers in Talks for Satellite-to-Mobile Venture *Section: Telecom · Source: Bloomberg* 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. Permalink: https://dailyfintechnews.com/brief/fintech/2026-09-07#item-12 --- ## Questions this brief answers **What did ChangXin Memory Technologies announce on September 7, 2026?** 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. **What did Nvidia announce on September 7, 2026?** 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. **What did Japan's Preferred Networks Seeks announce on September 7, 2026?** 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. **What did Uber Meets With Investors announce on September 7, 2026?** 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. **What did IQE CEO Warns of announce on September 7, 2026?** 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. **What did US Tech Firms Eye Australia for AI Centers announce on September 7, 2026?** 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. --- ## More from Daily Fintech News - Previous brief: [September 5, 2026 — Nvidia Partner Hon Hai's Sales Climb 52% With AI Server Momentum](https://dailyfintechnews.com/brief/fintech/2026-09-05) - Next brief: [September 8, 2026 — Palantir names Nebius its preferred sovereign AI infrastructure partner](https://dailyfintechnews.com/brief/fintech/2026-09-08) - Also covers ChangXin Memory Technologies, China, Data center: [August 31, 2026 — Tesla rose 5%, its best day since early July, ahead of Cybercab launch event](https://dailyfintechnews.com/brief/fintech/2026-08-31) - Also covers Apple Inc., China, Data center: [September 9, 2026 — Apple unveils iPhone Duo, its first foldable iPhone, starting at $2,000](https://dailyfintechnews.com/brief/fintech/2026-09-09) - Also covers Apple Inc., China, Data center: [September 16, 2026 — Fed Raises Rates 25 bps in Unanimous Decision, First Hike Since 2023](https://dailyfintechnews.com/brief/fintech/2026-09-16) - [All briefs](https://dailyfintechnews.com/brief/fintech) *Source: Daily Fintech News (https://dailyfintechnews.com). Attribution with a link to the brief URL is appreciated when quoted.*