Meta expands data centers, Nvidia's H200 cleared for China as AI investment cycle holds
Meta announced a roughly $9.2 billion (13 trillion won) data center in Canada, its 33rd gigawatt-scale facility, reversing concerns raised just a week earlier that surplus computing capacity might slow AI investment. The same day, Bank of America was confirmed to have extended a loan of more than $500 million to OpenAI, seen as a sign of financial-sector confidence in the AI ecosystem.
Reports emerged that Nvidia's H200 chips would be allowed for limited sale to Chinese firms such as Alibaba and ByteDance. China, which had restrained U.S. AI chip imports to protect its domestic chip industry, was said to have shifted policy as computing demand outstripped supply. The Philadelphia Semiconductor Index rallied about 2% on the news, extending gains into the close.
Filing documents for Chinese memory maker CXMT's listing showed proceeds of only about 5.7 trillion won with no HBM investment plans included. Analysts read this as CXMT focusing on commodity DRAM while remaining far behind Korean memory majors in HBM. Separately, Nikkei ran an analysis citing U.S. antitrust scrutiny to argue that Samsung Electronics and SK hynix's memory market dominance could turn into a trade risk.