Smart EMS: Posco DX's AI Energy Solution

POSCO Holdings reported Q2 2026 consolidated revenue of KRW 19.3 trillion and operating profit of KRW 819 billion, up from the prior quarter, according to management. Rechargeable battery materials swung to a surplus for the first time in nine quarters, driven by Argentina lithium. Steel operating profit rose to KRW 274 billion. The company reiterated restructuring and CapEx plans.

POSCO Future M said it agreed to supply over 190,000 tons of lithium iron phosphate (LFP) cathode materials to a major Korean battery maker over six years from 2027 to 2032. The deal is estimated at about 3 trillion won ($2.1 billion) and will be formalized in Q3 after terms are finalized. POSCO Future M plans LFP mass production by year-end.

Meteoric Resources (ASX: MEI) said it signed a non-binding Memorandum of Strategic Partnership with POSCO International to advance its Caldeira rare earth project in Brazil. POSCO could take up to 30% of Caldeira output over up to seven years, with potential financing participation. Metallurgical tests indicate POSCO can process the product. MEI targets a definitive feasibility study in 2026 and an investment decision in 2027.

Amazon, in its Q2 2026 results, said it raised planned AI spending to $220 billion for 2026, up from a February estimate by $20 billion. The company attributed the increase to higher memory chip costs and said it may still lack enough AI capacity to meet demand. The article also cites broader AI capex growth since 2022.

SK Hynix said it will invest 54 trillion won (about $38 billion) to build two new DRAM and NAND fabs, Y2 in Yongin and M17 in Cheongju, as part of a broader 700 trillion won plan. Construction for Y2 starts July 2027, with a first cleanroom by June 2029. M17 construction begins Feb 2027, first cleanroom Dec 2028. The company cited strong HBM and NAND demand.

Reuters reports Alibaba will require major users of its upcoming open-source Qwen 3.8-Max AI model to negotiate commercial licenses and share revenue from products built with the model. The revenue share rate is not yet set, and the measure may be introduced next week. The plan follows Moonshot’s Kimi K3 licensing, which can require paid deals and up to 30% revenue sharing.