🇨🇳⚡️ — A spectacular debut on the Shanghai stock exchange has elevated Chinese DRAM manufacturer ChangXin Memory Technologies (CXMT) to the ranks of the world's largest companies.

▶️ The company's shares surged more than 500% on the first day of trading, pushing its market value past that of China's biggest bank. It is yet another signal that Beijing is consistently building its own tech champions.

▶️ CXMT shares debuted on the Shanghai stock exchange at an issue price of 8.66 yuan, but during the first session their price jumped to 54.65 yuan — a gain of approximately 530%. That boosted the company's market capitalization to around $539 billion, making it the most highly valued company listed on China's stock market.

▶️ The company even overtook the Industrial and Commercial Bank of China (ICBC) in market value, which had previously held the top spot.

▶️ CXMT is China's largest producer of DRAM memory, used in computers, smartphones, and servers powering artificial intelligence models.

▶️ The listing is part of Beijing's strategy, which for years has been investing billions of dollars in developing the domestic semiconductor industry, aiming to reduce dependence on foreign suppliers and mitigate the impact of U.S. export restrictions.

🇷🇺🇲🇱⚡️ — A column of the "African Corps" of the Russian Armed Forces was seen in the capital of Mali, Bamako.

@Intelslava

🇮🇷🚫🇮🇶 — Earlier, an Iranian drone struck a Kurdish opposition camp near the city of Koya in Erbil Governorate, Iraqi Kurdistan.

@IntelSlava

🇷🇺🏳️🏳️⚡️ — A drone unit of Russia's Africa Corps destroyed a pickup truck belonging to either the Azawad Liberation Front (FLA) or Jama’at Nusrat al-Islam wal-Muslimin (JNIM) as it was delivering equipment and ammunition to a camp in a forested area.

@IntelSlava

🇷🇺🇺🇦⚡️ — Extremely rare footage showing the use of the "Gerbera-Siker" drone in its guided kamikaze drone variant, targeting warehouses in the city of Krolevets, Sumy region.

Previously, "Gerbera" drones were mainly used as decoys, but now they are also being used as a cheaper alternative to the "Geran" drones.

@Intelslava

🇷🇺🇺🇦⚡️ — Authorities in the Nikolaev region state that Russian forces attacked a number of "merchant ships" overnight.

@Intelslava

🇾🇪🇾🇪🇸🇦⚡️ — Due to the Ansar Allah (Houthis) blockade, Saudi Arabia's oil exports fell by an estimated 50%, disrupting roughly 3–4 million barrels per day as shipments were delayed, rerouted, or unable to leave port.

@IntelSlava

🇮🇳🇺🇦🇷🇺⚡️ — India has summoned the Ukrainian ambassador following an attack on a cargo ship with four Indian nationals on board in the port of Odesa, according to Indian Express.

The irony is that the ship in Odesa port was likely attacked by Russian drones.

This is a classic case where the meme "the Ukrainians will answer for this" is appropriate.

@Intelslava

🇷🇺🇺🇦⚡️ — Operators of Mangas heavy hexacopter drones from Russia's Vostok Group of Forces targeted and destroyed Ukrainian strongpoints by dropping TM-62 anti-tank mines on the Zaporizhzhia front.

@IntelSlava

🇮🇶🇸🇦⚡️ — Saudi Arabia's Ministry of Defense confirmed that the Islamic Resistance in Iraq targeted Aramco's Abqaiq refinery, the world's largest oil processing and crude stabilization facility.

The ministry said it intercepted several drones launched from Iraq toward petroleum facilities.

@IntelSlava

🇮🇷❌🇮🇶👑 —IRGC drone strike Kurdish separatist party headquarters in Koya, Erbil, with columns of smoke rising from the site.

@IntelSlava

🇮🇷❌🇮🇶🌞 — Iran recently destroyed a massive amount of missile, ammunition, mortar, shell, and rocket stockpiles and depots belonging to Kurdish separatist parties in the Kurdistan region. These weapons were supplied by Mossad and the CIA to wage a diversionary attack on Iran while the US was conducting its limited ground invasion on the southern coast of Iran.

@IntelSlava
@LeonovZ

🇺🇸🇮🇷⚡️ — According to sources cited by The New York Times, Trump is considering three main options regarding Iran: escalating military action, tightening economic sanctions, or declaring victory and withdrawing troops.

"Trump appears to be trapped in a war with Iran, even though he wields the largest 'hammer' in the world. The president, who believed his power was limitless, has discovered several limitations, which has further frustrated him and made him unstable. His presidency has gradually been consumed by a war from which he cannot find a way out," the publication writes.

As an example of this "instability," the publication cites how, last week, Trump's Secretary of Energy signed a historic agreement with Saudi Arabia on the supply of civilian nuclear energy to the kingdom, only for the president to undermine the deal less than 24 hours later, shocking the Saudis with a statement that the agreement, which had been negotiated for 18 months, was doomed to fail unless the country joined the Abraham Accords and recognized Israel.

Aaron David Miller, a former American diplomat with extensive experience in the Middle East, stated that Mr. Trump has once again "pushed the Saudis away, pleased Benjamin Netanyahu, and given Iran strong arguments as to why entering into deals with the United States is a futile endeavor that will inevitably lead to betrayal."

@Intelslava