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Microchip Technology has announced a definitive agreement to acquire Hailo, a provider of accelerated edge AI processors and advanced vision processing solutions. This acquisition aims to expand Microchip's portfolio for intelligent edge systems, strengthening its offerings in power-efficient edge AI solutions for applications like robotics, drones, and smart cameras. The transaction is expected to close by the end of the current quarter ending September 30, 2026.

Anthropic has released Claude Opus 5, a new AI model designed to offer performance comparable to its most powerful system, Fable 5, but at half the cost. This strategic move aims to address business customers' concerns about the expense of advanced AI, while also demonstrating significant improvements in coding, knowledge work, and autonomous task completion.

SpaceX successfully launched its 13th Starship test flight, deploying 20 next-generation Starlink V3 satellites into space. While the Super Heavy booster experienced a "hard splashdown" in the Gulf of Mexico, the Starship upper stage achieved a "softest splashdown" in the Indian Ocean, marking significant progress for the company's lunar and Martian ambitions.

The Trump administration has imposed new tariffs ranging from 10% to 12.5% on imports from 60 trading partners, effective July 25, 2026. This action, taken under Section 301 of the Trade Act of 1974, aims to combat forced labor in global supply chains and rebuild the administration's trade agenda after previous tariffs were struck down by the Supreme Court.

Sandisk (SNDK) shares saw a significant increase while other major tech stocks experienced a sharp sell-off, indicating a divergence in investor sentiment. This surge highlights renewed interest in memory chip makers, as investors re-evaluate their exposure to the largest tech companies and seek opportunities in AI-related demand.