FirstFT: Chinese chip champion CXMT surges 466% in market debut

Chinese semiconductor company CXMT made a spectacular market debut with its shares surging 466% on the first day of trading. This extraordinary performance highlights the growing interest and investment in the semiconductor sector, particularly in China where tech innovation is rapidly expanding. Meanwhile, Indonesia's central bank chief stepping down adds another layer to the global economic shifts, and Nvidia's $5 billion investment in AI pioneer Ilya Sutskever's groundbreaking work underscores the sector's intense focus on artificial intelligence advancements. This trio of events collectively signals a dynamic and evolving tech landscape.