🇨🇳 CXMT posts 1,688% profit surge in Q1 2026

China's top DRAM maker ChangXin Memory Technologies (CXMT) reported net profit growth of over 1,688% year-on-year in Q1 2026, with revenue rising more than 719%, driven by surging AI-related memory demand and a global DRAM supply crunch. The company is also planning a listing on Shanghai's STAR Market.

CXMT is China's primary domestic DRAM producer and a centerpiece of Beijing's semiconductor self-sufficiency drive. The results reflect both favorable market timing — rising memory prices globally — and accelerating domestic capacity buildout under state-backed chip localization policy.

A successful STAR Market IPO would give CXMT direct access to public capital, accelerating expansion at a moment when U.S. export controls continue to constrain Chinese access to advanced chip equipment.

#China

@asianomics

😔 Kostyantynivka is a ghost town

Houses destroyed to the foundation, burned civilian and military transport, complete ruin - this is the picture that appears every day before the pilots of the Phoenix border unit.

🇺🇦👀 The Defense Forces are actively testing heavy rotor multicopters designed for air evacuation of the wounded from the battlefield, — Kyriienko

In Perm, after a series of arrivals, additional air defense forces are being deployed.

☠️🎶💃 Destruction of Russian infantry attempting to land on an island in Dnipro River by UAV operators of the 34th Marine Brigade of the Ukrainian Navy.

The Russians were clearly carrying significant ammunition, which caused secondary detonations when Ukrainian drones struck.

Orthodox Russian priests drove through Perm with an icon of the Mother of God to pray for protection from drone attacks. The local diocese said the rite follows an old tradition of carrying holy objects around cities during external threats.

🤷‍♂️

In Perm, additional air defense forces are being mobilized after a series of arrivals…

Ukraine’s Navy said a Russian strike drone hit the KSL Deyang cargo ship near Odesa Oblast as it moved through Ukraine’s maritime corridor toward Greater Odesa ports. The Marshall Islands-flagged vessel belongs to China’s KSL and has a Chinese crew.

⚡️ Iran has threatened to strike submarine internet cables that connect Europe and Asia, — CNN

➡️ Key underwater communication lines between Europe, Asia, and the countries of the Persian Gulf pass through the Strait of Hormuz.

➡️ In Tehran, they stated that they want to introduce a fee for the use of cables laid through the Strait of Hormuz. If companies refuse — there may be "consequences" for global traffic:

➡️ Google, Microsoft, Meta, Amazon, and other companies whose services depend on the global network may be under attack.

➡️ Experts warn: a large-scale attack on cables could hit banks, cloud services, AI infrastructure, stock exchanges, and the internet as a whole.

➡️ At the same time, analysts note that less than 1% of the world's international internet bandwidth passes through the Strait of Hormuz, so there will be no complete "shutdown of the world".

🇨🇳 In the morning a Russian strike drone hit the dry cargo ship KSL Deyang, which was in the sea near the Odesa region.

The ship flies the flag of the Marshall Islands, but belongs to the Chinese company KSL, and its crew consists of Chinese citizens.

The Russian drone also hit another ship under the flag of Guinea-Bissau.

Both ships were in the waiting area and were moving along the Ukrainian sea corridor to the ports of Greater Odesa. There are no casualties.

Безвизовый режим между РФ и Китаем должен быть продлен, считает председатель российской части Российско-Китайского комитета дружбы, мира и развития, спецпредставитель президента РФ по связям с международными организациями Борис Титов.

"Ситуация, которую мы видим, что безвиз не несет и не привел к увеличению никаких - ни демографических, ни экономических, ни политических рисков между нашими странами", - сказал он.

По мнению председателя комитета, "прерывание безвиза сейчас было бы обнулением накопленного эффекта".

@interfaxonline

🇮🇷‼️Iran threatens to cut global internet undersea cables unless payment is made, - CNN

Tehran has stated that Google, Microsoft, Meta, and Amazon must pay for the use of communications cables passing through the strait. Iranian media also hinted at possible disruptions to the global internet and financial networks.

Strait of Hormuz carries vital communications links between Europe, Asia, and the Persian Gulf countries.