News

Jinse Finance reported, citing informed sources, that Intel is in early discussions with AMD to explore the possibility of including AMD as a foundry customer. It is currently unclear how much of AMD's production would shift to Intel if an agreement is reached, or whether this move would involve a direct investment from AMD. There is also a possibility that the negotiations may not result in any deal. Following the news, Intel's stock price surged sharply, rising more than 6% at one point. (Golden Ten Data)

According to a report by Jinse Finance, citing sources from the Financial Times, the UK Treasury plans to implement a stamp duty exemption for newly listed companies on the London Stock Exchange, due to concerns over the declining competitiveness of the UK public capital market. This measure will exempt investors from paying the 0.5% stamp duty when purchasing shares of newly listed companies. Sources indicated that this exemption may apply for two to three years after a company goes public. Currently, there are already relevant tax exemption policies during the IPO stock issuance phase. Officials hope this move will boost market liquidity, encourage companies to choose London for their listings instead of competing cities like New York, and also encourage more retail investors to invest in the UK stock market. According to Dealogic data, the number of listings in London this year has lagged behind the exchanges in Angola, Zagreb, and Muscat. Financial industry professionals have been lobbying UK Chancellor Reeves to help revive London’s stagnant listing market. In addition, several fintech companies also view the stamp duty burden as a major obstacle when choosing a listing location. (Golden Ten Data)