HHD Real Estate AI Brief

SK Group commits $750bn in long-term high-performance semiconductor supply deals to global tech firms including Nvidia.

Joint investment targets AI data centres with combined capacity of 5 GW and 2 million graphics processing units (GPUs).

Naver will establish $10bn in global AI factories via deals with Nvidia and Brookfield Corp.

Google Cloud revenue reached $24.8bn, a 23.8% increase from Q1 2026.

Q2 capital expenditure hit $44.9bn against $39.1bn in operating cash flow, producing -$5.8bn free cash flow.

Full-year 2026 infrastructure spend guidance raised to $205bn, up from prior guidance of $180–$190bn and 2025's $91bn.

ChangXin Memory Technologies (CXMT) raised 66.6bn yuan ($9.8bn) in China's second-largest initial public offering (IPO) in history.

Market cap reached 3.31 trillion yuan ($489bn) at open, surpassing Industrial and Commercial Bank of China.

CXMT held a 7.67% global dynamic random-access memory (DRAM) market share in 2025; Q1 2026 revenue jumped 719% year-on-year.