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• The US government has signed a letter of intent to provide GlobalFoundries with $300 million in funding under the CHIPS Act. • In exchange, the government will receive a 1% equity stake in the company, valued at approximately $269 million.

• GlobalFoundries has signed a letter of intent with the U.S. Department of Commerce to receive a $300 million award under the CHIPS R&D program. • The funding is dedicated to accelerating U.S. leadership in silicon photonics, which provides the critical optical technologies necessary for AI and high-performance computing.

• Artificial Intelligence has entered the mainstream across Southeast Asia, integrating into diverse sectors including education, entrepreneurship, and content creation. • Google's regional findings highlight specific use cases: Vietnamese students use Gemini for exam prep, Indonesian entrepreneurs generate marketing visuals, and Thai influencers plan healthy meals.

• ASML is producing advanced EUV and High-NA lithography machines, costing up to $400 million each, which are essential for manufacturing high-end AI chips. • These specialized tools enable the extreme precision required to print the smallest circuits on semiconductors, serving as the backbone for the global AI hardware industry.

• Indian stock markets defied a broader Asian downturn, with the Nifty 50 rising 1.1% to 24,250.2 and the BSE Sensex gaining 1.16% to 77,654.6. • The rally was primarily driven by gains in IT stocks, contrasting with a sharp correction in chip stocks across South Korea.

• Chinese memory firm CXMT is planning a new funding round at a $50 billion valuation ahead of a Hong Kong IPO, following a successful $8.6 billion listing. • The surge in CXMT's valuation has contributed to stock volatility for Korean competitor SK Hynix, despite the latter reporting record earnings.

• Global AI firms frequently underestimate the capabilities of Chinese AI models, overlooking the strategic infrastructure Beijing has built over several years. • China's success stems from treating AI as a strategic industry, utilizing a combination of government funding, provincial subsidies, tax incentives, and dedicated AI industrial parks.

• The euro zone economy grew faster than anticipated in the last quarter, driven by increased investment in artificial intelligence, robust government spending, and confident consumers. • Key regional performers included Spain, which grew by 0.7% (beating the 0.6% forecast), and the Netherlands, which expanded by 0.4%, double the expected rate.

• Philippine enterprises are increasingly adopting artificial intelligence to create new products and business opportunities, according to a mid-2025 survey commissioned by Alibaba Cloud. • Data security and high implementation costs were identified as the primary obstacles hindering the widespread integration of AI within these firms.

• China has launched the World Artificial Intelligence Cooperation Organisation (WAICO) to provide AI training and support to developing nations. • Founding members of WAICO include Indonesia, Kazakhstan, Laos, Malaysia, Myanmar, Pakistan, and Uzbekistan, positioning China as a competitor to the US-led "Pax Silica" bloc.

• This week's AI developments focused on infrastructure investment, enterprise adoption, and next-generation hardware rather than consumer-facing product launches. • Businesses are prioritizing large-scale investments in cloud services and hardware, betting that future productivity gains will justify current spending.