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# Evening Scan
- URL: https://adjacent.media/scan/2026-06-29-pm/
- Published: 2026-06-29T23:07:00.000Z
- Updated: 2026-06-29T23:07:01.000Z
- Description: Today felt like a Chinese semiconductor showcase: a $3B DRAM supply deal, a $50B chip unit IPO, and the world’s fastest supercomputer all dropped before lunch. OpenAI also made its most senior Apple defection to date.
- Author: Jonathan Greene
- Tags: #scan-pm, #scan

Today felt like a Chinese semiconductor showcase: a $3B DRAM supply deal, a $50B chip unit IPO, and the world's fastest supercomputer all dropped before lunch. OpenAI also made its most senior Apple defection to date.

> **$50B** — The target valuation Baidu's chip unit Kunlunxin is pitching for its Hong Kong IPO, with investors reportedly asked to pre-commit to buying chips worth 3–7x their investment. *(The Information)*

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#### [OpenAI Hires Apple's Vision Pro Chief Paul Meade](https://thenextweb.com/news/openai-hires-apple-vision-pro-chief?ref=adjacent.media)

The hire signals where OpenAI's hardware ambitions are actually headed. *(The Next Web)*

#### [CXMT and Tencent Sign \~$3B, Three-Year DRAM Supply Agreement](https://www.reuters.com/world/china/chinas-cxmt-wins-3-billion-memory-supply-deal-with-tencent-sources-say-2026-06-29/?ref=adjacent.media)

Timed ahead of CXMT's IPO, this deal is as much a credibility move as a supply contract. It arrives as Jefferies forecasts 40–50% memory price hikes in Q3\. *(Reuters)*

#### [China Claims the World's Fastest Supercomputer](https://www.theverge.com/tech/958768/china-claims-the-worlds-fastest-supercomputer?ref=adjacent.media)

LineShine, an all-CPU machine built without Nvidia, just topped the Top500\. Export controls are not the ceiling anyone hoped they were. *(The Verge)*

#### [Prosecutors Used ChatGPT Logs as Evidence in the Palisades Fire Trial](https://www.theverge.com/ai-artificial-intelligence/958751/prosecutors-chatgpt-palisades-wildfire-arson-mistrial?ref=adjacent.media)

A defendant's arson-related ChatGPT queries became courtroom evidence. The precedent will likely appear in future cases. *(The Verge)*