International News:

1. Advanced Integrated Circuit Process LLC has filed a patent infringement lawsuit against TSMC, accusing the latter of infringing seven integrated circuit-related patents.

2. Samsung Electronics' financial report for the second quarter of 2024 shows a net profit of 96.4 trillion Korean won, a six-fold year-on-year increase. Revenue grew by 23.4% to 74.06 trillion Korean won.

3. The Biden administration plans to announce new export control regulations next month to prevent certain countries from exporting semiconductor manufacturing equipment to Chinese chip makers.

4. Goldman Sachs predicts that the global HBM market will grow at a compound annual growth rate of about 100% from 2023 to 2026, reaching $30 billion in 2026.

5. On August 3rd, Kinghelm badminton team and SLKOR Warriors basketball team conducted a weekend training session.

6. Samsung plans to increase prices of dynamic random-access memory (DRAM) and NAND by 15-20% in the third quarter. Improved performance is expected for Samsung Electronics in the second half of the year.

China News:

1. The central government has set the tone! In the second half of the year, it will strengthen industry self-discipline, prevent "vicious competition" driven by internal pressures, and propose a series of policy measures to stabilize growth, adjust structure, and guard against risks.

2. The Shenzhen Municipal Government has released the "Shenzhen Action Plan to Accelerate the Development of an Artificial Intelligence Pioneer City," aimed at promoting innovation in intelligent products and enhancing the leading role of major scientific and technological projects in research.

3. Recently, China State Construction Engineering Corporation's project, the B/C section of BOE's 8.6th generation AMOLED production line, reached its main structural completion. The total investment in this project is 63 billion RMB.

4. Huawei's new building has been approved! Huawei's Bai Cao Yuan is likely its tallest office building and new headquarters.

5. ThisChip Technology has launched the P1 chip, which is likely China's first SoC processor for AI PCs.

6. Lanxun Technology has released its performance forecast for the first half of 2024, expecting revenue of 1.665 billion RMB, a year-on-year increase of 79.49%; net profit is expected to be between 583 million RMB and 623 million RMB, a year-on-year increase of 612.73% to 661.59%.