Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Monday, June 24th. I'm Julie Morgan.

Bight Dance is reportedly working with Broadcom on an AI chip.

Sheehan may not have an IPO in London after all,

and UPS offloads Coyote Logistics.

By Dance, the Chinese firm that owns Tic-Toc is collaborating with Broadcom.

Two sources told Reuters that the companies are working on an advanced AI chip.

The goal is to secure a stable supply of high-end chips and lower procurement costs amid China-U.S US trade tensions.

Taiwan's semiconductor will manufacture the 5 nanometer chip which is an application-specific

integrated circuit that will comply with US exportS. export curbs.

The new chip is still being designed by Taiwan Simmy

and is not expected to start manufacturing this year.

While the companies have not confirmed the partnership,

it would be the first between a Chinese company and a U.S. firm involving five nanometers or more advanced chip-making technology, since Washington imposed chip export restrictions amid national security fears.

Chinese Fast Fashion Platform Sheehan may scrap an initial public offering in London

over how the retailer has recently been portrayed in the UK.

A series of criticisms leveled at Sheehan has annoyed some in the upper parts of the Chinese government,

according to a report in mail on Sunday which cited

unidentified senior city sources. A source added that Beijing authorities may now

put pressure on Sheehan to list in Hong Kong instead of London.

The retailer has been criticized by the British Fashion Council, which is similar to its

U.S. counterpart, the National Retail Federation.

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