Customs Relief for Electronics: India extended customs duty exemptions for electronics and lithium-ion battery manufacturing inputs and equipment until March 31, 2029, aiming to cut capital costs and boost domestic production. AI Chip Supply Chain: Meta plans to start manufacturing its in-house AI chip in September (code-named “Iris”), using TSMC for production and Broadcom for development, as it tries to reduce reliance on Nvidia/AMD. Memory Market Shockwave: SK hynix priced a record $26.5B Nasdaq offering and began trading, underscoring AI-driven demand for DRAM/NAND. Semiconductor Trade Shift: The U.S. trade deficit widened to $77.6B in May as imports of semiconductors and AI components rose, with Taiwan emerging as a top source. Industrial Automation: Rockwell Automation and the Center for Automotive Research say AI is moving from pilots to production, cutting downtime and improving throughput. Flow Measurement Launch: Emerson introduced the Flexim FLUXUS 631 portable clamp-on ultrasonic flow meters for non-intrusive plant-wide verification. India Social Platform Scrutiny: India pressed Instagram to remove ads tied to child sexual abuse material after a BBC investigation, escalating regulator scrutiny of Meta. E-Waste Push: Hyderabad’s civic bodies launched drives under the CURE initiative, targeting zero e-waste by year-end.