Macron says France will recognise State of Palestine, angering Israel

French President Emmanuel Macron said Thursday his country would formally recognise a Palestinian state during a UN meeting in September, the most powerful European nation to announce such a move.At least 142 countries now recognise or plan to recognise Palestinian statehood, according to an AFP tally — though Israel and the United States strongly oppose the move.US Secretary of State Marco Rubio called it a “reckless decision (that) only serves Hamas propaganda”.”It is a slap in the face to the victims of October 7th,” he wrote on X, alluding to the Islamist militant group’s attack on Israel in 2023 that triggered the war in Gaza.Several countries have announced plans to recognise statehood for the Palestinians since Israel launched a bombardment of Gaza nearly two years ago in response to the Hamas attacks.Macron’s announcement drew immediate anger from Israel, with Prime Minister Benjamin Netanyahu saying it “rewards terror” and poses an existential threat to Israel.Netanyahu said in a statement that the decision “risks creating another Iranian proxy, just as Gaza became”, which would be “a launch pad to annihilate Israel — not to live in peace beside it”.Senior Palestinian Authority official Hussein al-Sheikh welcomed the move, saying it “reflects France’s commitment to international law and its support for the Palestinian people’s rights to self-determination and the establishment of our independent state”.Hamas hailed Macron’s pledge as a “positive step in the right direction toward doing justice to our oppressed Palestinian people and supporting their legitimate right to self-determination”.”We call on all countries of the world –especially European nations and those that have not yet recognised the State of Palestine — to follow France’s lead,” it added.- ‘Urgent priority’ -International concern is growing about the plight of the more than two million Palestinians in the Gaza Strip, where the fighting has triggered a dire humanitarian crisis and warnings of mass starvation.Israel has rejected accusations it is responsible for Gaza’s deepening hunger crisis, which the World Health Organization has called “man-made” and France blamed on an Israeli “blockade”.Macron said the “urgent priority today is to end the war in Gaza and rescue the civilian population”.”We must finally build the State of Palestine, ensure its viability and enable it, by accepting its demilitarisation and fully recognising Israel, to contribute to the security of all in the Middle East,” he wrote on social media.On the streets of the occupied West Bank, Palestinians told AFP that they hoped other countries would now follow suit.Mahmoud al-Ifranji called France’s pledge “a moral commitment” and a “political victory for the Palestinian people”.Another man, Nahed Abu Taima, said he hopes France’s decision will help lead to peace.”This recognition will lead to the recognition of Palestine by a number of countries in Europe and the world,” he added. – ‘Path’ to statehood -Macron said he intended to make the announcement at the UN General Assembly in September.While France would be the most significant European power to recognise a Palestinian state, others have hinted they could do the same.Britain’s Prime Minister Keir Starmer announced he would hold a call  on Friday with counterparts in Germany and France on efforts to stop the fighting, adding that a ceasefire would “put us on a path to the recognition of a Palestinian state”.Norway, Spain, Ireland and Slovenia all announced recognition following the outbreak of the Gaza conflict, along with several other non-European countries.Spanish Prime Minister Pedro Sanchez, whose country already recognises Palestinian statehood, welcomed Macron’s announcement.”Together, we must protect what Netanyahu is trying to destroy. The two-state solution is the only solution,” the Socialist leader, an outspoken critic of Israel’s offensive in Gaza, wrote on X.Saudi Arabia’s foreign ministry hailed Macron’s announcement as “historic” and urged other countries to follow suit.Ireland’s Foreign Minister Simon Harris in a post on X called France’s move “the only lasting basis for peace and security for Israelis and Palestinians alike”.Israel’s military campaign in Gaza has killed 59,587 Palestinians, mostly civilians, according to the health ministry in the Hamas-run territory.Hamas’s October 2023 attack on Israel resulted in the deaths of 1,219 people, most of them civilians, according to an AFP tally based on official figures.

US regulators greenlight contentious $8 bn Skydance-Paramount merger

US regulators on Thursday approved an $8 billion deal for Skydance to acquire Paramount Global amid tumult in the latter’s news and late night programming on CBS, a leading American broadcaster.Clearance of the acquisition comes after Paramount settled US President Donald Trump’s lawsuit over election coverage on CBS News’ flagship show “60 Minutes,” and a week after CBS canceled “The Late Show with Stephen Colbert.” The comedian had blasted the $16 million settlement of Trump’s lawsuit as “a big fat bribe” to win approval of the merger with Skydance. Colbert’s show is slated to end in 2026, and is staple of late-night US television that often mocks Trump.CBS said in a statement the cancellation was “purely a financial decision against a challenging backdrop in late night,” and was “not related in any way to the show’s performance, content or other matters happening at Paramount.”Paramount reached the settlement with Trump this month in a lawsuit the entertainment giant itself had described as meritless.The Republican president had sued Paramount for $20 billion last year, alleging that CBS News’ “60 Minutes” news program deceptively edited an interview with his 2024 election rival, Kamala Harris, in her favor.To promote the show, “60 Minutes” had shown a shortened clip or “tease” of Harris speaking on earlier network programming, and the full quote was aired on the Sunday evening broadcast. Trump objected to the use of the shorter clip.The FCC chair doubled down on the Trump administration’s criticisms of CBS News.“Americans no longer trust the legacy national news media to report fully, accurately and fairly,” Carr said in the statement. “It is time for a change. That is why I welcome Skydance’s commitment to make significant changes at the once storied CBS broadcast network.”- Suspicious timing? -The FCC’s approval of the merger “reeks of the worst form of corruption,” Democratic Senators Edward Markey and Ben Ray Lujan said in a joint statement.”The timing speaks for itself,” Markey and Lujan said.”Paramount settled with Trump on Tuesday and the FCC approved the merger on Thursday.”Markey last week sent a letter to Paramount Global Chair Shari Redstone demanding details about the decision to cancel “The Late Show with Stephen Colbert,” specifically whether anyone in the Trump administration asked for the show to be cancelled, according to a copy posted at his official website.Colbert said on Thursday the cancellation was not just the end of his show but the end of the decades-old “Late Show” franchise, which has been broadcast continuously on CBS since 1993 and was previously hosted by David Letterman.Trump celebrated the cancellation, writing on his Truth Social platform, “I absolutely love that Colbert got fired. His talent was even less than his ratings.”Trump’s political opponents and other critics drew attention to the timing of the decision.”CBS canceled Colbert’s show just THREE DAYS after Colbert called out CBS parent company Paramount for its $16M settlement with Trump — a deal that looks like bribery,” Democratic Senator Elizabeth Warren said on social media platform X.Colbert, once a regular on Comedy Central, made use of humor in his incisive political commentary and succeeded Letterman as the host of “The Late Show” in 2015.The late-night television landscape has long been dominated by satirical comedy shows that blend entertainment with news and political commentary. As a condition of approval, Skydance will put in place an “ombudsman” who will evaluate complaints of bias, according to Carr.”Skydance, which has no DEI (diversity, equity and inclusion) programs in place today, has committed that it will not establish any such initiatives at the new company,” Carr said in a release.

Puerto Rico’s community-owned solar power: alternative to frequent blackouts

Enid Medina Guzman always has candles on hand — not for creating ambiance, but because one of the blackouts that plague Puerto Rico could strike at any time.But she is hopeful the lingering hardship will soon be a thing of the past: solar panels are being installed on her home as part of a community program promoting energy independence.At her house nestled high in the mountains of the lush tropical forests of the archipelago’s central city Adjuntas, “it rains a lot and when there’s a little wind, the power goes out really quickly,” Medina Guzman told AFP.She has lived in Adjuntas, which has a population of about 20,000, virtually all her life. She said blackouts have always been a feature.”Sometimes it’s at night when it’s super hot, and you can’t sleep, you can’t rest,” the 60-year-old said. “It’s difficult.”Puerto Rico is a Caribbean territory of more than three million people that has been under US control since 1898. Its chronic infrastructure woes were exacerbated by 2017’s devastating Hurricane Maria, which razed the island’s already deteriorating power grid.After the massive storm, it took roughly 11 months to restore power across the island.The electrical grid went private in June 2021 in an apparent effort to resolve the problem of perennial blackouts.But outages persist: this past year, Puerto Rico experienced massive blackouts in April and also on New Year’s Eve.”It’s not normal,” Medina Guzman said, as a crew installed the battery that will soon store captured energy from the sun.- ‘Hands of the people’ -Like everywhere in Puerto Rico, Adjuntas went dark during Maria — but in the city’s main square, a pink, 1920s-era house was a beacon of light.It was Casa Pueblo, the nucleus of a grassroots non-profit focused on ecological protection and community support. It became a haven in the storm’s aftermath: the solar panels on its roof meant Casa Pueblo had precious power. People could charge their electronic devices, and crucially plug in medical equipment like oxygen machines.Cell towers and power lines were down, but Casa Pueblo’s community radio station still functioned, becoming a vital source of information in the mountain town.Casa Pueblo came into being in 1980 — the brainchild of a citizens group whose original mission was to thwart a series of planned open-pit mines in the region. They were successful. Over the years, the organization bloomed into a model of bottom-up energy independence, on an island frequently hampered by economic crisis and natural disaster.”Our aspiration isn’t just a technological transition away from fossil fuels to solar. Yes, we need to produce clean and renewable energy, but we are aspiring towards a transformation — a just, eco-social transition,” said Casa Pueblo’s director Arturo Massol Deya, a biologist by training.”That means the energy infrastructure being in the hands of the people,” added Massol Deya, whose parents were the group’s original founders.- ‘Path to change’ -Among Casa Pueblo’s efforts is sustaining a community solar belt that gives vulnerable populations control over their own energy. The group also has distributed solar lamps and solar refrigerators, especially in rural communities.Casa Pueblo has so far helped install solar panels on nearly 300 homes, with over 400 projects in total including businesses. Massol Deya told AFP those initiatives are primarily funded through grassroots donations and philanthropy.Their microgrids — a localized energy system — are interconnected and self-sufficient.And net metering — a billing mechanism that credits consumers for excess power produced from renewable systems — allows Casa Pueblo’s center to sell back what it doesn’t use.That is particularly meaningful given that average Puerto Ricans pay more than double the price for electricity than mainland US residents, according to US Energy Information Administration data.”The traditional model is a unilateral, exploitative, monopolistic, dictatorial model,” Massol Deya said. “They decide the price of fuel and whether they give it to you or not. Sometimes they fail and can’t provide the service,” he said.”This energy insecurity translates to many issues — well, not anymore.”Approximately 10 percent of Puerto Rican households currently have solar panels, according to the energy authority, a number that reflects households with net-metering agreements. There is no publicly available data for structures that operate off-grid.Sergio Rivera Rodriguez is part of a team of academic researchers studying the public health impact of energy security on populations like those in Adjuntas. He told AFP the Casa Pueblo model could be successful elsewhere.”I think it’s making a difference — it’s of course just one municipality,” he said. But “structural changes take years.”Casa Pueblo functions above all, Massol Deya said, because it is a social program that fosters communal control of resources.”The people are doing it,” he said. “This is the path to change.”

Le Libanais Georges Abdallah bientôt libre, après 40 ans derrière les barreaux en France

C’est le jour J pour l’un des plus anciens détenus de France: le militant libanais propalestinien Georges Abdallah, condamné dans les années 80 pour complicité d’assassinats de diplomates américain et israélien, sort vendredi de prison après plus de 40 ans derrière les barreaux en France, pour rentrer dans son pays.Georges Abdallah, 74 ans, doit quitter le centre pénitentiaire de Lannemezan (Hautes-Pyrénées) au petit matin, et sera ensuite emmené à Roissy pour y prendre un vol vers Beyrouth.Lors d’une conférence de presse mercredi au Liban, son frère Robert Abdallah avait annoncé qu’il y était attendu “samedi entre midi et 14H00”. Mais, selon d’autres sources, il pourrait arriver dès vendredi.Son avocat Jean-Louis Chalanset l’a vu une dernière fois dans sa prison, jeudi. “Il semblait très heureux de sa prochaine libération, même s’il sait qu’il arrive au Moyen-Orient dans un contexte extrêmement lourd pour les populations libanaises et palestiniennes”, a-t-il indiqué à l’AFP après la visite.La cour d’appel de Paris a ordonné sa libération la semaine dernière, “à compter du 25 juillet”, à condition qu’il quitte le territoire français et n’y revienne plus. Il était libérable depuis 1999 mais avait vu jusque-là sa dizaine de demandes échouer.Le parquet général de Paris a annoncé lundi un pourvoi en cassation contre la décision de libération. Ce recours, qui ne sera pas examiné avant plusieurs semaines, n’est pas suspensif et n’empêchera donc pas le départ de Georges Abdallah de France.Ces derniers jours, Georges Abdallah a donc vidé sa cellule, décorée d’un drapeau rouge de Che Guevara et débordant de piles de journaux et de livres, qu’il a confiés à son petit comité de soutien, dont quelque 200 personnes manifestaient encore devant la prison jeudi après-midi.Il a aussi donné la majorité de ses vêtements à des codétenus, et n’emporte qu'”une petite valise”, a témoigné son avocat.Ses proches espèrent qu’il sera accueilli au “salon d’honneur” de l’aéroport de Beyrouth. Ils ont demandé l’autorisation aux autorités libanaises, qui réclamaient depuis des années à la France la libération de Georges Abdallah.Ce dernier se rendra ensuite dans son village natal de Kobayat (nord du Liban), où “un accueil populaire et officiel lui sera réservé” selon sa famille.- “Symbole passé” -L’AFP l’a rencontré le jour de la décision, dans sa cellule, en accompagnant une parlementaire. “Quarante ans, c’est beaucoup, mais on ne les sent pas quand il y a une dynamique de lutte”, avait assuré le détenu à l’épaisse barbe devenue blanche. La durée de sa détention est “disproportionnée” par rapport aux crimes commis et au vu de l’âge de l’ancien chef des FARL (Fractions armées révolutionnaires libanaises), ont jugé les magistrats de la cour d’appel.Ce groupuscule de chrétiens libanais marxistes, dissous depuis longtemps, n’a “pas commis d’action violente depuis 1984”, a aussi rappelé la cour, voyant en Georges Abdallah un “symbole passé de la lutte palestinienne”.Tout en regrettant qu’il n’ait pas “évolué” ni exprimé de “regret ou compassion pour les victimes qu’il considère comme des ennemis”, les juges ont estimé que Georges Abdallah, qui veut “finir ses jours” dans son village, peut-être en s’engageant en politique locale, ne représente plus aujourd’hui de risque de trouble à l’ordre public. A l’époque des faits, dans le contexte de la guerre civile libanaise et de l’invasion israélienne au Sud-Liban en 1978, les FARL ciblaient les intérêts d’Israël et de son allié américain à l’étranger. Avant l’arrestation de Georges Abdallah en 1984, le groupuscule avait frappé cinq fois en France, tuant deux diplomates en 1982: le lieutenant-colonel américain Charles Ray, puis l’Israélien Yacov Barsimantov, considéré comme le responsable du Mossad en France, abattu par une femme devant son épouse et ses deux enfants.Identifié par ses empreintes découvertes dans une planque bourrée d’explosifs et d’armes dont le pistolet qui avait servi aux deux assassinats, Georges Abdallah avait comparu seul au palais de justice en 1987, dans un contexte particulier: il était devenu l’ennemi public numéro 1 et le prisonnier le plus célèbre de France car on le croyait, à tort, derrière la vague d’attentats de 1985-86 qui a fait 13 morts et installé la psychose dans les rues de Paris. Il avait été condamné à la perpétuité.L’ancien instituteur a toutes ces années nié son implication dans l’assassinat des diplomates, tout en refusant de condamner des “actes de résistance” contre “l’oppression israélienne et américaine”. 

Top Justice Dept official grills Epstein accomplice Maxwell

A top US Justice Department official spent hours on Thursday grilling Ghislaine Maxwell, the imprisoned accomplice of sex offender Jeffrey Epstein, as President Donald Trump struggles to tamp down a furor over his handling of the explosive case.David Markus, Maxwell’s attorney, said the former British socialite answered every question she was asked during a day-long meeting at a courthouse in Tallahassee, Florida.”She never invoked a privilege. She never declined to answer,” Markus told reporters. “She answered all the questions truthfully, honestly, and to the best of her ability.”Deputy Attorney General Todd Blanche said he would continue interviewing Maxwell on Friday and “share additional information about what we learned at the appropriate time.”Markus said he was not going to comment on the “substance” of the meeting with Blanche, Trump’s former personal lawyer for his hush money trial and two federal criminal cases.Maxwell, 63, is serving a 20-year sentence after being convicted in 2021 of recruiting underage girls for Epstein, who died in a New York jail in 2019 while awaiting trial in his own sex trafficking case.Earlier this week, Blanche said if Maxwell has “information about anyone who has committed crimes against victims, the FBI and the DOJ will hear what she has to say.”No one is above the law — and no lead is off-limits,” he said.Trump, 79, was once a close friend of Epstein and The Wall Street Journal reported on Wednesday that the president’s name was among hundreds found during a DOJ review of the so-called “Epstein files,” though there has not been evidence of wrongdoing.Trump filed a $10 billion defamation suit against the Journal last week after it reported that he had penned a sexually suggestive letter to Epstein for his 50th birthday in 2003.Maxwell is the only former Epstein associate convicted in connection with his activities, which right-wing conspiracy theorists allege included trafficking young models for VIPs.The meeting with Maxwell marks another attempt by the Trump administration to defuse anger among the Republican president’s supporters over what they have long seen as a cover-up of sex crimes by Epstein, who was a wealthy financier with high-level connections.- ‘Corrupt deal’ -Democratic Senate minority leader Chuck Schumer said the meeting between Maxwell and a Justice Department official who used to be Trump’s own lawyer smacks of a “corrupt deal so that she can exonerate Donald Trump.”Democratic Senator Sheldon Whitehouse said it raises a number of troubling questions.”Is he really going as (deputy attorney general) or is he going de facto as Trump’s personal criminal attorney, Tom Hagen style?” the senator said in a reference to the Corleone family lawyer in “The Godfather.””Will he promise her a pardon for silence, or for a Trump-friendly tale?” Whitehouse asked.Many of the president’s core supporters want more transparency on the Epstein case, and Trump had promised to deliver that on retaking the White House in January.But he has since dismissed the controversy as a “hoax” and a “witch hunt” and the DOJ and FBI released a memo this month claiming the Epstein files did not contain evidence that would justify further investigation.Epstein committed suicide while in jail and was not murdered, did not blackmail any prominent figures, and did not keep a “client list,” according to the July 7 FBI-DOJ memo.Seeking to redirect public attention, the White House has promoted unfounded claims in recent days that former president Barack Obama led a “years-long coup” against Trump around his victorious 2016 election.The extraordinary narrative claims that Obama had ordered intelligence assessments to be manipulated to accuse Russia of election interference to help Trump.Yet it runs counter to four separate probes between 2019 and 2023 — each of them concluding that Russia did interfere and did, in various ways, help Trump.Epstein was found hanging dead in his New York prison cell while awaiting trial on charges that he sexually exploited hundreds of victims at his homes in New York and Florida.

Un haut responsable du gouvernement Trump interroge la complice d’Epstein

Dans ses tentatives tous azimuts pour éteindre l’incendie de l’affaire Epstein, le gouvernement américain a dépêché jeudi un haut responsable, ancien avocat de Donald Trump, pour interroger Ghislaine Maxwell, complice de Jeffrey Epstein, en Floride, où elle purge sa peine de prison.”J’ai rencontré Ghislaine Maxwell aujourd’hui, et je vais poursuivre mon entretien avec elle demain”, a déclaré en fin de journée sur X Todd Blanche, le numéro 2 du ministère de la Justice.La mort de Jeffrey Epstein, riche homme d’affaires retrouvé pendu dans sa cellule à New York le 10 août 2019 avant d’être jugé pour crimes sexuels, a alimenté d’innombrables théories du complot selon lesquelles il aurait été assassiné pour empêcher des révélations embarrassantes sur des personnalités de premier plan.Donald Trump, qui pendant des mois a promis à sa base des révélations explosives sur ce dossier, subit un retour de flamme, y compris dans son propre camp, depuis que son gouvernement a annoncé début juillet n’avoir découvert aucun élément nouveau qui justifierait la publication de documents supplémentaires.Le ministère de la Justice et le FBI, la police fédérale, ont conclu qu’il n’existait aucune preuve de l’existence d’une liste secrète de “clients” de Jeffrey Epstein et confirmé qu’il s’était bien suicidé.- “Répondu à toutes les questions” -Dans ce contexte tendu, Todd Blanche a rencontré Ghislaine Maxwell, ex-compagne et collaboratrice de Jeffrey Epstein, à Tallahassee, capitale de la Floride, où elle purge une peine de 20 ans de prison pour trafic sexuel.Todd Blanche a “pris toute une journée et a posé beaucoup de questions, et Mme Maxwell a répondu à toutes les questions”, a déclaré son avocat, David Markus, à l’issue de la rencontre au tribunal de Tallahassee. Elle a répondu “honnêtement et autant qu’elle le pouvait”, a-t-il ajouté.”Le ministère de la Justice partagera davantage d’information sur ce que nous avons appris au moment opportun”, a précisé Todd Blanche sur X.Ghislaine Maxwell a été condamnée en 2022 pour avoir recruté entre 1994 et 2004 des jeunes filles mineures afin qu’Epstein les exploite sexuellement.- “Corruption à plein nez” -Cette entrevue hautement inhabituelle entre le numéro 2 du ministère de la Justice et une personne condamnée dans un dossier clos suscitait de nombreuses questions parmi les experts juridiques et les détracteurs de l’administration Trump.”Envoyer l’avocat personnel de Donald Trump, Todd Blanche, interroger Ghislaine Maxwell alors qu’elle est en prison, une femme qui a été reconnue coupable d’avoir exploité des personnes, pour lui proposer un marché malhonnête afin qu’elle disculpe Donald Trump sent la corruption à plein nez”, a déclaré le chef des sénateurs démocrates Chuck Schumer dans une vidéo publiée sur les réseaux sociaux.Le 14 juillet, le ministère de la Justice s’était opposé à son recours devant la Cour suprême pour obtenir l’annulation des poursuites qui ont amené à sa condamnation.Mais il semble avoir changé de ton à l’égard de la complice de Jeffrey Epstein.Entre-temps, le Wall Street Journal a fait état la semaine dernière d’une lettre salace attribuée à Donald Trump à l’intention de Jeffrey Epstein en 2003 pour le 50e anniversaire du financier, dont il était alors très proche.Le président américain a catégoriquement démenti et poursuit en diffamation le quotidien.Faisant feu de tout bois, il a également tenté de détourner l’attention en ciblant son prédécesseur démocrate Barack Obama, accusé par la Maison Blanche d’avoir orchestré les accusations d’ingérence russe dans l’élection de 2016, remportée par Donald Trump. Un contre-feu qui révèle à quel point l’affaire Epstein embarrasse l’exécutif et divise la droite américaine.La Chambre des représentants a été paralysée cette semaine par la tentative d’un élu républicain, appuyé par les démocrates, de forcer un vote sur une résolution appelant à la publication des documents judiciaires sur le financier déchu.Mais le président républicain de la Chambre basse, Mike Johnson, a fait en sorte de bloquer ce vote, invoquant la nécessité de protéger les victimes.Face à cette paralysie, les responsables républicains ont décidé d’envoyer dès mercredi les élus en vacances pour tout le mois d’août, un jour plus tôt que prévu.

US chip maker Intel says revenue rose as it cut ranks

Intel on Thursday posted quarterly revenue that topped market expectations, saying it has cut about 15 percent of its workforce to be “more agile.”The US chip maker also said it “will no longer move forward” with projects in Germany and Poland as part of a push to save billions of dollars.The struggling chip maker’s earnings report came as rivals specializing in graphics processing units (GPUs) for artificial intelligence thrive due to rapid adoption of the technology.Intel is one of Silicon Valley’s most iconic companies, but its fortunes have been dwarfed by Asian powerhouses TSMC and Samsung, which dominate the made-to-order semiconductor business. The company was also caught by surprise with the emergence of Nvidia as the world’s preeminent AI chip provider.Intel’s niche has been in chips used in traditional computing processes, steadily being eclipsed by the AI revolution.Intel reported $12.9 billion in sales in the recently ended quarter, topping forecasts, but logged a $2.9 billion loss that included $1.9 billion in restructuring charges.”Intel has completed the majority of the planned headcount actions it announced last quarter to reduce its core workforce by approximately 15 percent,” the company said in an earnings release.”These changes are designed to create a faster-moving, flatter and more agile organization.”Intel shares were down slightly in after-hours trades that followed the release of the earnings figures.Intel chief executive Lip-Bu Tan took the helm in March, announcing layoffs as White House tariffs and export restrictions muddied the market.Malaysia-born tech industry veteran Tan has said it “won’t be easy” to overcome challenges faced by the company.- Demand and Turmoil -Meanwhile, South Korean chip giant SK hynix reported record quarterly profits Thursday thanks to soaring demand for artificial intelligence technology.The world’s second-largest memory chip maker dominates the market for high-bandwidth memory semiconductors and is a key supplier for US titan Nvidia.Riding the AI wave, last week Taiwan chip giant TSMC announced a surge in net profit for the second quarter.”Nvidia suppliers like SK hynix will continue to enjoy strong demand in the coming months and years for memory chips due to the high memory content needed to make AI chips functional,” G. Dan Hutcheson of TechInsights told AFP.Dutch tech giant ASML last week said it booked higher net profits in the second quarter of 2025 compared with the same period last year.The firm, which makes cutting-edge machines for the manufacture of semiconductors, warned that the growth outlook for next year was somewhat less rosy than before.”Looking at 2026, we see that our AI customers’ fundamentals remain strong,” said Chief Executive Officer Christophe Fouquet in a statement.”At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments,” he cautioned.Washington has sought to curb exports of state-of-the-art chips to China, concerned that they could be used to advance Beijing’s military systems and otherwise undermine American dominance in AI.