International Perspective · July 18, 2026
① Global chip stocks suffer sharpest weekly selloff of 2026 — Philadelphia Semiconductor Index down 10%+ in 3 days — Reuters reports investors from Seoul to Silicon Valley questioning AI rally sustainability; SK Hynix -13%+, TSMC -4.49%, Micron -5.65% (Reuters / CNBC)
② Zhongji Innolight clears HKEX listing hearing for potential $7B Hong Kong IPO — Goldman Sachs doubles price target to 2,581 yuan forecasting 65%/108%/119% profit growth 2026-2028; SK Hynix pivots to "Memory-as-a-Service" subscription model (Reuters / Goldman Sachs / DIGITIMES)
③ WAIC 2026 opens in Shanghai with 1,100+ exhibitors and 300+ global product launches — Huawei Atlas 950 super-node and ZTE OEX super-node debut; AI industry transitions from parameter competition to agent deployment (Huawei / CNMO)