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On June 12, Infineon Technologies AG announced that it is preparing to launch its largest single investment to date—a semiconductor factory costing €5 billion (approximately 39.2 billion RMB). The construction of this factory has received subsidies from the European Union, aimed at increasing chip production. Infineon's Chief Operating Officer Alexander Gorski stated on-site this week that this power chip manufacturing facility is part of the company's expansion project in the Dresden area and will officially commence production on July 2. The project is a major beneficiary of the EU's Chip Act, having received approximately €1 billion in subsidies. Gorski mentioned that the chip production at the Dresden factory will gradually expand based on demand, with an expected annual revenue increase of up to €5 billion, although he declined to disclose when full capacity would be reached. He added that the company has invested around €2 billion in construction, with the remaining funds to be phased in for adding more equipment to the wafer fab.

Forbes reports that with SpaceX launching its IPO at a valuation of $1.8 trillion, nine billionaires will be created, including a CFO who managed the company's accounts for 14 years, a female executive who rose from the 11th employee to president, a co-founder of Twitter, and a Saudi prince who made an early bet. They are: 1. Prince Alwaleed bin Talal Alsaud: Estimated ownership stake of 0.28%, corresponding to a value of $5.1 billion; 2. Luke Nosek: Estimated ownership stake of 0.19%, corresponding to a value of $3.4 billion; 3. Larry Ellison: Estimated ownership stake of 0.15%, corresponding to a value of $2.7 billion; 4. Jack Dorsey: Estimated ownership stake of 0.14%, corresponding to a value of $2.6 billion; 5. Gwynne Shotwell: Estimated ownership stake of 0.10% (including options), corresponding to a value of $1.7 billion; 6. Bret Johnsen: Estimated ownership stake of 0.07% (including options), corresponding to a value of $1.2 billion; 7. Tom Mueller: Estimated ownership stake of 0.06%, corresponding to a value of $1.1 billion; 8. Kimbal Musk: Estimated ownership stake of 0.04%, corresponding to a value of $760 million; 9. Steven Witkoff: Estimated ownership stake of 0.01%, corresponding to a value of $270 million.

BlockBeats News, June 12th, Barclays announced that it has raised the target price for Oracle (ORCL.N) from $240 to $250 and lowered the target price for Adobe (ADBE.O) from $275 to $250. (FXStreet)