(Bloomberg) — Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone. The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI…
The existing 3,000km Power of Siberia pipeline is expected to reach its planned capacity of 38bcm in 2025. Credit: ENOEYZ3194/Shutterstock.com. Russia and China have signed a legally binding memorandum to move forward with construction of the Power of Siberia 2 pipeline. The pipeline is expected to deliver an extra 50 billion cubic metres (bcm) of gas…
(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….