OpenAI and Broadcom (AVGO.O) unveiled an AI chip aimed at running AI models faster and at lower cost.

Tongda Co. chairman Ma Hongju said H1 overseas order signings rose, but copper and aluminium price inflation, RMB appreciation, surging shipping costs and geopolitical disruptions delayed projects, leaving shipments roughly flat YoY. Management expects overseas activity to recover in H2 as exchange rates and client budgets adjust. For 2026 Tongda is targeting 10 bln yuan in revenue, deepening domestic ties with State Grid, China Southern Power Grid and major generators—prioritising UHV backbone, urban-rural smart distribution and source‑grid‑load‑storage projects—while accelerating expansion into Southeast Asia, Central Asia and Europe to join overseas renewables and grid infrastructure projects.

Germany's defense minister said continuing the frigate project would only be possible at disproportionately high costs and with delays.