Bloomberg Television·2026-07-28 06:06Semiconductor Industry & Technology Dynamics - A Shanghai-based company has achieved a major breakthrough by mass-producing deep ultraviolet (DUV) lithography machines, planning to produce 5 units this year and 20 units next year [8][80] - ASML faces a potential 20% drop in sales and operating profit if its revenue from China falls to zero due to localization progress, though analysts estimate it could take up to 7 to 10 years for China to completely close the technological gap [11][12][45][131] - The KOSPI index experienced severe volatility, plunging up to 8% to 10% intraday, leading to triggered trading halts and sidecars as semiconductor giants like SK Hynix and Samsung Electronics faced heavy selloffs [19][21][37][160][172] - South Korea dropped from the global year-to-date top-performing market to number five, with losses reaching roughly 33% to 34% from recent peaks [173] Financial Markets & AI Funding Trends - Hyperscalers and major tech companies face growing market scrutiny over massive AI capital expenditures, with investment-grade debt issuance surging from previous years to a projected 250 billion dollars this year [137] - NVIDIA's ecosystem involvement and partnership deals have reached 750 billion dollars, sparking investor skepticism regarding circular financing and the sustainability of artificial intelligence demand [14][135] - Software startup Moonshot AI released its model for public download, enabling developers to freely access and host the technology to expand global open software reach [158] - Shanghai Securities is set to be acquired in a share and cash deal worth 3.7 billion dollars as part of a merger involving state-backed brokerages to rival Wall Street elites [121][122]