Business Brief (June 30): China Pushes for Faster AI Breakthroughs

Published: Jun. 30, 2026 6:31 p.m. GMT+8

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State Council reviews AI development

Premier Li Qiang chaired a State Council meeting to review AI development, emphasizing the need to accelerate breakthroughs, establish strict safety baselines and improve ethical and testing standards.

Global semiconductor companies to raise prices

Nearly 20 global semiconductor companies will reportedly launch a new round of price increases on July 1, driven by rising wafer foundry and raw material costs alongside surging demand for power chips used in AI data centers.

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China’s State Council reviews AI development, emphasizing safety baselines and ethical standards.
Nearly 20 global semiconductor firms plan price hikes on July 1 due to rising costs and AI chip demand.
GigaDevice Semiconductor added to a major ETF; DeepSeek to launch V4 AI model in July.

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Who’s Who

GigaDevice Semiconductor: GigaDevice Semiconductor, a Chinese memory chipmaker, has been added to a globally popular exchange-traded fund, signaling international recognition. This move highlights growing global acceptance of Chinese semiconductor firms amid rising AI demand.

DeepSeek: According to the article, DeepSeek will launch the V4 version of its AI model in July, introducing a peak-and-valley pricing mechanism. No other details about DeepSeek were provided in the content.

AI generated, for reference only