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Real-time News
July 20th - According to South Korean media reports, SK Group Chairman Chey Tae-won stated that SK Hynix is currently searching for a location in the United States to build a chip factory, aiming to increase supply capacity and curb prices, given that demand for memory chips far exceeds supply. As a major player in the industry, he believes the current price level is excessively high and an "abnormal" phenomenon. Chey Tae-won stated, "I believe we need to build (a chip factory) not only in Gwangju and Jeolla Province, but also in the United States." "If conditions permit, I think it should be built. This involves trade pressures and other factors that need to be weighed, so we are considering this."According to Saudi Arabias Al Arabiya TV: Iranian media reported that an explosion occurred in Delijan, a city in the southern part of Markazi province (Central Province), and another explosion occurred in Arak, a city in western Iran.Faraday Future (FFIE.O): Announced a partnership with the Argentine Football Association (AFA), officially becoming the official regional sponsor of the Argentine national team in the North American robotics and related robotics technologies sector.July 20 – The Kuwaiti Ministry of Defense stated that Iran has been “continuously launching attacks against civilian and critical infrastructure within Kuwait,” resulting in multiple fires and “serious damage.” A spokesperson for the Kuwaiti Ministry of Defense stated that Iran attacked facilities belonging to the Kuwaiti Ministry of Electricity, Water Resources and Renewable Energy.According to the Syrian Arab News Agency (SANA), Syria has become a regional hub for Iraqi fuel oil exports, with over a quarter of Middle Eastern fuel oil exports being shipped through Syrian Mediterranean ports. Meanwhile, the United States is supporting the development of alternative shipping routes to bypass the Strait of Hormuz.