Deepens

• Micron is preparing to roughly double its high-bandwidth memory (HBM) capacity by the end of 2026. • The company plans to reach a production volume of approximately 100,000 wafers per month by installing new tools in Taiwan, Singapore, and Hiroshima. • This expansion aims to narrow the scale gap between Micron and its primary competitors, Samsung Electronics and SK Hynix.

• Russia is actively targeting European citizens and leaders with campaigns designed to spread fear and create division within the European Union. • In Spain, Prime Minister Sánchez is managing a deepening crisis in Ceuta following the entry of thousands of irregular migrants last month. • Germany's far-right AfD party is currently leading polls ahead of regional elections taking place this Sunday in Saxony-Anhalt.

• European government bond yields have surged to their highest levels in over 15 years due to a deepening global bond sell-off. • Benchmark borrowing costs hit record highs on Tuesday for major economies, including Germany, France, Italy, and the Netherlands. • The market volatility is driven by investor concerns regarding persistent inflation, rising budget deficits, and unsustainable levels of government debt.

• European government bond yields have surged to their highest levels in over 15 years due to a deepening global bond sell-off. • Benchmark borrowing costs hit record highs on Tuesday for Germany, with France, Italy, and the Netherlands experiencing similarly steep increases. • The market volatility is driven by intensifying investor concerns regarding persistent inflation, rising budget deficits, and overall government debt levels.

An Amnesty International report reveals that the country is now a key part of Israel’s weapons supply chain. Plus, Assam floods, student anger spreads and a song to put in rotation• Don’t get This is India delivered to your inbox? Sign up hereHello, and welcome back to This Is India.For this week’s newsletter, I’m looking at India’s evolving relationship with Israel, and how it has deepened as conflict swept across the Middle East. Why is it that India has formed an even closer bond with a country that has faced mounting international isolation and backlash over a military campaign in Gaza that has left the territory in ruins and killed more than 70,000 Palestinians, – many of whom were children? Continue reading...

• Asian technology stocks experienced a deepening sell-off following disappointing earnings reports from semiconductor giant SK Hynix. • The decline reflects investor concerns over the sustainability of the AI-driven rally and potential volatility in the global chip market. • This rout is significant as it signals a shift in sentiment toward high-growth tech equities and impacts broader regional indices.

• South Korea's KOSPI index fell 5% on Wednesday, extending a sharp decline after dropping over 10% to a three-month low on Tuesday. • The rout is driven by deepening investor anxiety regarding AI valuations, rising competition, and spending sustainability, which overshadowed strong earnings from SK Hynix. • This volatility highlights the vulnerability of Asian chipmakers, who were the primary beneficiaries of the AI-driven rally but are now facing significant market swings.