Longsys, a Shenzhen-based memory chip company, rang the bell for its Hong Kong listing on Sept. 8, pricing its shares at HK$236 each. The stock opened flat and was down 1.19% at HK$233.2 by 10:00 a.m., giving the company a market capitalization of HK$107.192 billion. The company said unaudited results for the first half of 2026 showed revenue of 24.088 billion yuan, up 136.3% year over year, and net profit attributable to shareholders of 10.577 billion yuan, up 71,528.66%. According to the prospectus, Longsys plans to use about HK$6.0202 billion in net proceeds from the global offering for research and development, strategic investments or acquisitions, and general working capital. The company brought in 14 cornerstone investors, including Transsion Holdings, Lenovo Group and Lens Technology, which subscribed for about $151 million worth of shares. Citing China Insights Consultancy data, the prospectus said Longsys ranked ninth among more than 100 global memory market participants by 2025 storage product revenue, third among more than 30 Chinese participants, and first among China’s independent memory makers, with a 1.2% share of the global semiconductor memory market.

TrendForce's latest research reveals that the global DRAM industry revenue reached approximately $154.73 billion in Q2 2026, rising 59.5% quarter-over-quarter, driven by AI server demand for HBM3e, LPDDR5X, and high-capacity RDIMM. Supply growth remains constrained as manufacturers prioritize server allocation, with bit shipments expanding only modestly, signaling that AI demand continues to exceed supply expansion.

Bank of America said in a Sept. 2 rates and FX research note that the August U.S. nonfarm payrolls report is not the final word on whether the Federal Reserve will raise rates in September. The bank argued that the more decisive data point will be next week’s inflation readings, especially CPI, with PPI also in focus. BofA expects August payroll growth of just 40,000, including 35,000 in the private sector, while the unemployment rate is seen holding at 4.1%. The report said markets are pricing roughly a 70% chance of a September rate hike, but that pricing could still shift after the inflation data. BofA also pointed to Jackson Hole remarks by Fed Chair Warsh, saying inflation-related terms appeared 61 times in the speech, versus 30 references tied to the labor market. In the bank’s view, that gap shows inflation remains the Fed’s main policy anchor. On positioning, BofA said rate markets face asymmetric risks: a weak payrolls print could trigger a larger Treasury rally than a strong print would trigger in selloffs. The bank recommended going long 5-year Treasuries, putting on a 5s/30s steepener, and tactically shorting the U.S. dollar.

BitGo said it has completed the acquisition of NYDIG’s institutional trading business in a cash-and-stock deal worth about $42.5 million, adding derivatives, structured products, and capital markets capabilities. Roughly 30 NYDIG employees and related institutional client relationships will move to BitGo. Binance, meanwhile, said it will list a NIULAI USDT perpetual contract at 19:30 on Aug. 30 Beijing time with leverage of up to 10x. The PANews daily roundup also covered a security report from Cosmos Labs on an EVM module vulnerability that affected six networks, comments from Tether CEO Paolo Ardoino pushing back on criticism from the Bank for International Settlements, and market views from CryptoQuant analyst Darkfost, Arthur Hayes, JackYi, and Jiang Zhuoer. Other items included Ajna v2’s reported exploit, Polygon’s urgent client upgrade notice after the Austin and Kyoto hard forks, SK Telecom’s plan to spin off its AI data center arm, and trading data from South Korea’s top crypto exchanges.

ChainCatcher reported, citing Yonhap, that SK Telecom, South Korea's largest mobile carrier, announced the spin-off of its AI data center (AIDC) business into a new independent entity, SK Horizon. The company plans to attract a total of 3.08 trillion Korean won (approximately $2.2 billion) in external funds. The spin-off transaction is expected to complete on February 1, 2027. Global private equity firm KKR, along with IMM Investment and Stonebridge Capital consortium, may participate in the investment.

South Korea’s largest telecom operator, SK Telecom, is separating its data center and submarine cable businesses into a standalone company called SK Horizon. The new entity has secured a $2.2 billion equity investment from a consortium led by KKR and South Korean investment firms IMM Investment and Stonebridge. The transaction is expected to close in the first quarter of 2027. At launch, SK Horizon will own eight operating data centers with a combined capacity of 318 megawatts and will also take over SK Broadband’s submarine cable business. SK Group has set a target to reach 5 gigawatts of data center capacity by 2029 and 15 gigawatts by 2035. According to CryptoBriefing, the restructuring is aimed at capturing rising demand for AI infrastructure across Asia.

SK Group plans to sell a 49% stake in its artificial intelligence data center in Ulsan, South Korea, to several private equity investors. SK Telecom and SK Broadband are expected to approve the deal at board meetings scheduled for Aug. 27. Under the proposed transaction, KKR would acquire a 29% stake, while a consortium formed by IMM Investment and Stonebridge Capital would buy the remaining 20%. The deal values the data center at about 3 trillion won and includes roughly 1.2 trillion won in new capital injection. The transaction structure and board timetable were reported in the source brief, which identified the involved buyers and the approximate valuation terms.

SK Group plans to sell a 49% stake in its artificial intelligence data center in Ulsan, South Korea, to several private equity firms, according to ChainCatcher. The transaction is set to go before the boards of SK Telecom and SK Broadband on Aug. 27 for approval. Under the proposed deal structure, KKR would acquire a 29% stake, while a consortium formed by IMM Investment and Stonebridge Capital would take the remaining 20%. The transaction is valued at about 3 trillion won and includes roughly 1.2 trillion won in capital increase. The report identifies the sale as a planned equity transaction tied to the Ulsan AI data center and names the participating buyers and ownership split. No additional details on closing timing or other terms were disclosed in the source material.