PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Hon Hai will work with Intel to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms

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Philippine Inflation Rate YoY (May) Y/Y 6.8% vs. Exp. 7.5% (Prev. 7.2%)

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PRE-MARKET TAIWAN & SINGAPORE STOCK NEWS: Hon Hai will work with Intel to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms

US officials held preliminary discussions with major AI companies about potential for the government to acquire some shares in their firms, according to people familiar with the matter cited by NOTUS

Japanese Finance Ministry official says the drop in May Foreign Reserves was the largest on record since the data series began in 2000

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TAIWAN

Hon Hai Precision Industry (2317 TT) - Co. will work with Intel (INTC) to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms. (Taipei Times)

TSMC (2330 TT) - Co. said strong AI chip demand is causing supply constraints and it is accelerating capacity expansions to ease bottlenecks. (Taipei Times)

SINGAPORE

City Developments (CIT SP) - Co. said its buyback offer for 24.1mln preference shares received a 100% take-up rate. (Business Times)

Civmec (CIVMEC SP) - Co. said its order book reached a record SGD 1.5bln amid new contracts, panel agreement extensions and orders. (Business Times)

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