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Marketplace Morning Report

Marketplace

European Defense Spending and NATO Commitments

From The rising star in chipmaking you may not have heard ofJul 6, 2026

Excerpt from Marketplace Morning Report

The rising star in chipmaking you may not have heard ofJul 6, 2026 — starts at 0:00

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I'm Sabrie Benisure in New York and for Kimberly Adams. Nvidia and Intel, you've heard of, maybe AMD and Broadcom too. but there's a lesser known chip maker that's riding the AI wave all the way into the NSdAQ where it is about to start trading. That would be the Korean company SK Heinix It makes specialized chips that are in very short supply right now, and that has sent the company's stock soaring. on South Korea's exchange Now traders in the US will have easy access to the stock too. Marketplaces Novaao has more SK Heinnix makes memory chips and is the dominant source of a particular kind of silicon called H bandwidth memory BM chips They're in everything AI related. 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The Trump administration and most US. administrations before it, have long complained that Europe relies too heavily on the US for its security, and they have pressed NATO allies to spend more on their own militaries The Trump administration, though has taken those complaints to a whole new level, to the point where the U. S. commitment to Europe's defense has been called into question Some European countries have increased military spending and promised to strengthen their own defense capabilities, especially in areas that they had been leaning on the US for But how much has actually changed? Here to tell us more is dor. Giofe Spatafora, a policy analyst at the EU Institute for Security Studies. Welcome Thank you, Sabrate. it's a pleasure be here. So first off, when we talk about European defense spending. What are we? king about specifically. So usually what is refers to is to the pledge that member States make or allies make of NATO to spend a portion of their GDP on defense So and this has been the discussion at least since twenty fourteen When NATO member States, NATO allies agreed to spend two percent of their GDP on defense. So again, it's two percent to fund their own armed forces, not to fund NATO And since last year the pledg has increased to five percent. you know, pledges are one thing. H Europe actually changed

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