Financial Times:
Sources: Balderton cashed out ~$2B of its Revolut stake in the past year, turning an early £1M bet into a historic European VC win; its fifth fund returned 25x  —  Balderton Capital led $75bn fintech's first funding round and retains substantial stake even after cashing out $2bn

Bloomberg:
Chinese chipmaker GigaDevice rose 54% in its Hong Kong debut after raising ~$600M in its IPO, and reported H1 2025 profit of ~$84M, up 14% from H2 2024  —  GigaDevice Semiconductor Inc. shares rose in its Hong Kong debut, underscoring growing investor interest in Chinese stocks related to artificial intelligence.

Reuters:
Nvidia denies that it asked Chinese customers to pay upfront for H200 chips, saying it “would never require customers to pay for products they do not receive”  —  Nvidia does not require upfront payment for H200 chips, a spokesperson for the U.S. chipmaker said in a statement to Reuters on Tuesday.

Mike Solana / Pirate Wires:
A late-2025 amendment to California's wealth tax proposal treats founder control as ownership, a move that could end founder-controlled startups in the state  —  it's not a tax on “wealth,” the union's ballot prop is designed to target the very concept of founder-controlled companies …

Reuters:
SK Hynix will invest ~$12.9B to build an advanced chip packaging plant in South Korea to meet rising memory chip demand, targeting completion by the end of 2027  —  South Korea's SK Hynix (000660.KS) said on Tuesday it has decided to invest 19 trillion won ($12.90 billion) …