AI Chip Smuggling Probe: Taiwan prosecutors detained an Nvidia employee (Chang) in the Super Micro server export case to China, alleging falsified records tied to about 50 GPU-equipped systems, after earlier searches and detentions of Supermicro staff. Semiconductor Market Shock: A global selloff hit chip and memory stocks, pushing Nasdaq-100 into correction and dragging names including TSMC, SK Hynix, Samsung, Micron and AMD as investors reassess AI spending durability and China competition. TSMC Japan Recovery: TSMC said it has begun gradually resuming operations at its Kumamoto Japan plant after a 7.1 quake, with staff confirmed safe and structural inspections completed. Earthquake Disruption in Japan: The quake and subsequent mall explosion in Kumamoto left people trapped and injured, while multiple sensor and industrial sites evacuated; TSMC reported no major damage so far. Rail Infrastructure Contract: ST Engineering’s urban solutions unit won an S$840m contract for Taiwan’s Taoyuan MRT Brown Line, starting Q4 2026 with eight-year delivery and systems integration work. Advanced Packaging Expansion: Mi Equipment will expand advanced semiconductor packaging R&D and manufacturing capacity in Penang, focusing on die sorting, AI applications and bonding solutions. Global Business/Markets: Samsung shares plunged 13.4% on China memory-competition fears, while broader tech weakness continued ahead of major earnings. Energy/Finance: GSK unveiled a $2.5b restructuring over three years aimed at funding its late-stage pipeline.