Inside a refurbished industrial building in Sheffield, a quantum computing laboratory is preparing for a future that could transform how the world develops medicines, advanced materials, and computing infrastructure.

A network of companies tied to Alice Huang, the alleged Chinese intelligence operative involved in a romantic relationship with former Nvidia CEO Jensen Huang, recently invested in Chinese AI powerhouse DeepSeek to help secure a steady supply of banned Nvidia Blackwell chips, according to reports and corporate records referenced by The Information.

Under mounting pressure, Nvidia founder Jensen Huang has resigned as president, CEO, and board member, effective immediately. Executive vice president and chief financial officer Colette Kress will serve as interim CEO, while the board launches an internal and external search for a successor.

Cerebras Systems has become more of a cloud inference business than a hardware supplier. In the third quarter ended September 30, 2026, the company reported record GAAP revenue of US$210.8 million, up 55% from a year earlier. Cloud and other services now account for about two-thirds of the total. Reported profitability has not kept pace. Non-cash charges for customer warrants and employee stock compensation, which jumped after the company's listing, pulled GAAP gross margin down to 20% and left operating losses far wider than a year ago.

CMC Magnetics reported consolidated revenue of NT$6.17 billion (US$187.29 million) for the first three quarters of 2026, up 17% year on year, as its core businesses grew and its Storage & Power (S'n'P) strategy began to show results. Operating profit reached NT$311 million, nearly 20 times its level a year earlier. Net income totaled NT$2.327 billion, with earnings per share of NT$2.17.

SpaceX plans to invest more than US$74 billion in AI supercomputing campuses in Texas and Arizona, expanding beyond rockets and satellite internet into large-scale AI infrastructure. The projects promise thousands of jobs but face regulatory, environmental and political challenges.

Singapore said it independently investigated Hong Kong resident Alice Huang and Singapore-registered Megaspeed International over suspected false declarations involving servers exported through Singapore, while stressing that companies must consider foreign export controls. The case highlights Singapore's position on cross-border trade, cooperation with overseas authorities, and enforcement against alleged dishonest practices.

Tighter financing and stricter local oversight could lead to consolidation among weaker cloud providers and greater concentration in the data-center industry, Asus said. However, based on its current customer mix and preliminary customer feedback, the company has not seen major effects on construction plans or orders for the fourth quarter of 2026 or 2027.

Asus has turned cautious on the 2027 PC market, forecasting a 10–15% full-year decline as memory prices surge, end-user demand cools, and global regulation of data-center construction tightens. The company expects the decline to be steeper in the first half, with a gradual recovery only in the second half.

Asus posted record brand consolidated revenue of NT$258.788 billion (US$7.86 billion) in the third quarter of 2026, up 7% quarter-on-quarter and 36% year-on-year, as AI server shipments continued to grow. Net income rose 14% sequentially and 105% year-on-year to NT$21.631 billion.

The loophole that lets Chinese AI developers rent Nvidia chips in overseas data centers is becoming the main target of a tougher US export-control push. Democrats swept both chambers of Congress in the November 3 midterms, and the Commerce Department is moving to finalize its own remote-access rule. The stakes are large: remote access accounts for about half of the US-made AI compute that Washington could still cut off from China by the end of 2027, according to the Institute for Progress (IFP).