The bandwidth demand of AI computing clusters has surpassed physical limits, pushing traditional pluggable optical modules and copper cable interconnects to their performance ceilings. Co-packaged optics (CPO) is emerging as a key technology for next-generation data center interconnects. From NVIDIA's two-generation layout to Broadcom's three-generation platform iterations, the timeline for CPO's large-scale deployment has been advanced to 2026-2028, signaling an accelerating industrial transformation that will reshape computing interconnect architectures.

On June 19, news emerged that Guangdong Province has unveiled its [specific plan name could be inserted here if available], outlining a strategic vision to proactively establish information infrastructure ahead of schedule. The goal is to construct a cutting-edge, nationally leading new-type information infrastructure system that seamlessly integrates space, ground, air, and sea domains.

Key initiatives within this plan encompass accelerating the development of a national integrated computing network hub in the Guangdong-Hong Kong-Macao Greater Bay Area. This involves optimizing the spatial distribution of data centers, fostering the growth of edge computing capabilities, and ultimately creating a computing service ecosystem characterized by harmonized "cloud-edge-end" functionalities.

Simultaneously, the province is taking proactive measures to advance 6G technology and satellite internet. This includes forming a 6G industry innovation and development alliance, facilitating collaborative pilot projects between ministries and provincial authorities, and setting application benchmarks in emerging fields such as embodied intelligence, intelligent connected vehicles, the low-altitude economy, and the marine economy.

On June 18, Nongshang Environment disclosed that its wholly-owned subsidiary, Dalian Xinlian Microelectronics, participating as a consortium member, had received the award notification for the "Hubei Big Data Group Digital Technology Henan Project Technical Service Procurement (Second Round)" and was officially designated as the winning supplier. The contract value amounts to 113.27 million yuan, with delivery scheduled within 45 days following contract signing and a service period extending over 60 months.

A cohort of Amazon engineers, who voiced their criticism against the company's frenetic expansion of AI data centers and advocated for more stringent government oversight, are now the subject of an internal investigation. Earlier this month, the Seattle City Council in the United States sought public input on a proposed policy to halt the construction of new large-scale data center projects for a duration of one year, with the objective of refining the pertinent regulatory framework. During the hearing, five Amazon employees were present and provided their testimonies. Subsequently, on June 9, the Seattle City Council unanimously approved this temporary suspension on construction.

On June 19, SpaceX (SPCX.O) was awarded investment-grade credit ratings by the three major rating agencies—Moody's, Fitch, and S&P Global—all with a 'stable' outlook. This consensus reflects broad market confidence in SpaceX's financial stability as the company advances a costly and ambitious artificial intelligence initiative.

On June 18, 2026, Huawei made public its decision to set the patent royalty fee for Wi-Fi 7 devices at a mere $0.5 per unit. In line with the FRAND (Fair, Reasonable, and Non-Discriminatory) principles, users are entitled to secure licenses either through bilateral licensing arrangements or by participating in patent pools. By the close of 2024, Huawei had already licensed its Wi-Fi-related patents to over 1.2 billion consumer electronic devices, marking a significant milestone in its intellectual property endeavors.

In alignment with the strategic decisions and deployments set forth by the Party Central Committee and the State Council, and with the goal of advancing the coordinated development of large, medium, and small enterprises within the platform economy, and constructing an open, inclusive, and mutually beneficial ecosystem, the Ministry of Industry and Information Technology, in collaboration with seven other departments, has jointly unveiled the 'Action Plan for Fostering Collaborative Growth Among Large, Medium, and Small Enterprises in the Platform Economy (2026-2028)'. This plan places a strong emphasis on innovation, ecological harmony, and open cooperation, with the ambition to substantially elevate the standard of collaborative development by 2028. It aims to establish a range of replicable and scalable models for collaborative innovation, nurture a group of manufacturing single-champion enterprises, enhance the openness and sharing of technological and data assets, and develop numerous service platforms and intelligent service application scenarios. The plan delineates critical tasks and specific initiatives centered on bolstering innovation-driven collaboration, refining ecological collaboration frameworks, and deepening open and collaborative networks.

On June 17, 2026, SuanMiao Technology made a significant announcement: its 3D TokenPU chip, the A4E, tailored specifically for large-scale model inference, had officially completed its tape-out on June 15. This cutting-edge chip employs a 3D hybrid stacking architecture, stacking eight layers of memory wafers atop the computational logic wafer. Utilizing through-silicon vias (TSVs) and bump technology, it achieves micron-level interconnections, delivering an impressive memory access bandwidth of up to 16TB/s.

The A4E chip introduces a groundbreaking Tile-Native hardware-software collaborative approach. It features native hardware support for Tile-level data scheduling and multi-precision dynamic switching. On the software side, it boasts a compiler toolchain that seamlessly integrates with open-source ecosystems such as LLVM and Triton. Built on a self-developed RISC-V architecture, proprietary IP, and a self-developed software stack, the chip leverages a domestic supply chain and mature manufacturing processes, ensuring both innovation and reliability.

The core team at SuanMiao brings a wealth of experience, having successfully mass-produced over 10,000 3D hybrid stacking wafers. With research and development personnel making up over 80% of the workforce, the company is at the forefront of technological advancement. Currently, SuanMiao Technology has been engaged in nearly a year of in-depth R&D collaboration with leading providers of large-scale models. This collaboration ensures that the chip's design meets real-world inference scenario requirements from the very outset.

The company has successfully completed multiple rounds of financing, attracting investment from prominent entities such as China Development Bank Financial, Beijing Shunxi, Source Code Capital, Shixi Capital, Legend Star, and Xianghe Capital. This strong financial backing underscores the industry's confidence in SuanMiao's vision and technological prowess.

Data from the Qichacha APP reveals that Ziluan Intelligent Technology (Xiamen) Co., Ltd. has been newly established, boasting a registered capital of 50 million yuan. The company's legal representative is Liu Yunfeng. It operates as a limited liability company and is wholly owned by Unicloud Technology Co., Ltd., a subsidiary under the Unigroup umbrella. The scope of its business encompasses the sales of Internet of Things (IoT) devices, software development, information system integration services, office equipment sales, as well as research and experimental development in the fields of engineering and technology, aligning with the latest industry trends and technological advancements.

Recently, a collaborative effort among seven key government bodies—the Ministry of Industry and Information Technology, the Cyberspace Administration of China, the National Development and Reform Commission, the Ministry of Science and Technology, the Ministry of Commerce, the State Administration for Market Regulation, and the National Data Administration—has resulted in the release of the Action Plan for Fostering Collaborative Growth Among Large, Medium, and Small Enterprises in the Platform Economy (2026-2028). This strategic document is designed to propel the joint development of enterprises of varying sizes within the platform economy, cultivating an ecosystem that is open, cooperative, and beneficial to all participants.

The plan outlines a series of targeted initiatives aimed at advancing the high-quality development of computing power infrastructure and ensuring seamless interconnection of computing resources. It emphasizes the need to promote the open sharing of computing power resources and to undertake efforts to aggregate and interconnect computing power into a cohesive grid system. Simultaneously, it encourages platform enterprises to integrate distributed computing power resources with their management platforms, thereby boosting the efficiency of computing power allocation.

Furthermore, the plan sets forth ambitions to accelerate the establishment of a national integrated monitoring and scheduling service platform for computing power. This platform will enhance the inclusive service capabilities of platform enterprises, particularly in terms of token management. Additionally, it aims to refine agent services to better cater to the common needs of small and medium-sized enterprises, thereby reducing the barriers they face in acquiring and utilizing these resources.

On the evening of June 15, Dongyangguang (600673.SH) unveiled a preliminary proposal for a significant asset restructuring. The plan involves acquiring a 70% stake in Dongshu No.1, both directly and indirectly, through the issuance of shares valued at RMB 8.05 billion. This strategic move will grant Dongyangguang full ownership of Chindata, marking its official entry into the data center computing power operation sector.

The Ministry of Industry and Information Technology, the Cyberspace Administration of China, the State Administration for Market Regulation, along with four additional departments, have recently jointly released the Action Plan for Fostering Collaborative Growth Among Large, Medium, and Small Enterprises in the Platform Economy (2026-2028). This plan underscores the comprehensive execution of an action plan aimed at achieving high-quality development and seamless interconnection of computing infrastructure. It emphasizes the promotion of open sharing and pooling of computing resources, guiding platform enterprises to integrate distributed computing resources to enhance resource allocation efficiency. Concurrently, the plan aims to accelerate the development of a national integrated computing resource monitoring and scheduling service platform, bolster the capacity of platform enterprises to offer inclusive token services, refine agent services tailored for small and medium-sized enterprises, and diminish the obstacles they face in accessing and utilizing these services.

On June 18th, information from the Qichacha APP revealed that Wuhan Prete New Materials Co., Ltd. has been newly established, boasting a registered capital of 50 million yuan. The company's operational scope encompasses engineering and technological research, provision of 5G communication technology services, as well as the sale of electronic components and electromechanical equipment. Prete holds full ownership of this newly minted enterprise.

At the 2026 Worldwide Developers Conference (WWDC 2026), Apple not only showcased the much-awaited enhancements to Siri's AI capabilities but also rolled out a cutting-edge suite of AI development tools tailored for developers. Among these innovations was Xcode 27, which boasts seamless integration of AI agents. For the first time, Xcode 27 incorporates AI intelligent agents on a deep level, empowering developers to tackle intricate programming tasks via natural language interactions. This breakthrough simplifies the development workflow, significantly boosting productivity. The tool further extends its versatility by supporting the integration of third-party AI models from industry leaders such as Anthropic, OpenAI, and Google, providing developers with a wider array of options. Moreover, Apple unveiled a groundbreaking Core AI framework designed to amplify on-device AI functionalities, offering developers access to more streamlined and privacy-centric AI-assisted features.

At a press conference, Li Chao, Deputy Director of the Policy Research Office and Spokesperson for the National Development and Reform Commission (NDRC), highlighted that with the swift advancement of artificial intelligence, the establishment of a nationwide, integrated computing power network is gathering momentum. By the end of March this year, China's installed intelligent computing capacity had soared to 1.882 million P, marking a 2.5-fold increase compared to the same period last year, with expectations of sustained rapid growth. During the actual construction phase of the computing power network, market forces are set to play a pivotal, decisive role. Concurrently, the NDRC will collaborate with pertinent departments to bolster overall coordination and provide policy guidance, ensuring the seamless progression of computing power network construction.

Chongqing Municipality recently issued the Implementation Plan for Building Chongqing into a New-Type Energy Computing Power Hub, proposing the construction of a cross-regional shared computing power system, implementing the 'Xinjiang Computing Power into Chongqing' project, building a 10,000-card-level ultra-large intelligent computing cluster, creating a 'Token Factory', and strengthening cross-regional computing power resource collaboration. Meanwhile, the plan also proposes upgrading data center clusters, improving the utilization rate of general computing power, achieving a balance between supply and demand of intelligent computing power, refining the multi-tiered development landscape of data centers, and supporting the deployment of green computing power facilities in southeast and northeast Chongqing.

On June 18, reporters gathered information from the China Development Bank (CDB) and found that, as of the end of May this year, the CDB had extended a substantial 213.3 billion yuan in loans. These funds were specifically earmarked for technological transformation and equipment renewal across a range of industries, including manufacturing, energy and power, transportation, and logistics. This financial support has bolstered 366 enterprises and facilitated 507 projects. Notably, close to 70% of these funds have been channeled into the intelligent, green, high-end, and integrated transformation and upgrading of traditional industries, aligning with modern industrial trends and sustainability goals.

The research report of CITIC Securities points out that the mass production of the Rubin platform will drive the liquid cooling industry from expectations to order delivery, and the demand for liquid cooling in optical modules will also grow significantly from scratch, with the demand at various links of the industrial chain being released simultaneously. CITIC Securities believes that after long-term validation and cooperation, the pace of increasing orders from terminal customers by domestic manufacturers is expected to accelerate in 2026. Therefore, CITIC Securities recommends focusing on supply chain manufacturers that possess mass production and delivery capabilities, are deeply bound to customers, and have capacity expansion that matches the pace of downstream implementation.

In 2026, regulatory scrutiny on data security will undergo a substantial escalation. On June 13th, six key regulatory bodies, including the Cyberspace Administration of China and the People's Bank of China, collaboratively unveiled the 'Guidelines for the Classification and Grading of Data in Financial Information Services.' These guidelines are designed to steer financial institutions in systematically categorizing and grading their data, as well as pinpointing critical data assets. As the financial sector continues its profound digital transformation, data has emerged as a pivotal element underpinning the banking industry's growth trajectory. Effective data classification and grading serve as the cornerstone for fortifying data security measures. An expert from the data management division of a city commercial bank emphasized that, to harness the full potential of data, ensuring robust data security is paramount and cannot be sidelined.

On June 16, 2026, Italy’s competition regulator unveiled an investigation into Apple, aiming to assess its compliance with the interoperability requirements set forth in the EU’s Digital Markets Act (DMA). Under the DMA, Apple is mandated to facilitate seamless and cost-free interoperability between third-party consumer cloud service providers and its iOS and iPadOS platforms, ensuring these providers enjoy equivalent access to hardware and software functionalities as Apple’s own iCloud service. However, preliminary evidence suggests that third-party cloud services may not be receiving the same level of functional support as iCloud, as they lack access to certain components utilized or provided by Apple’s native services. Should Apple be found in breach of these provisions, it could face a hefty fine of up to 10% of its global annual revenue. This marks the inaugural investigation launched by Italy’s regulatory body under the DMA framework, with its findings slated for submission to the European Commission.