US bans new foreign-made Wi-Fi routers over security risks; SK hynix invests $7.9B in chip tech; Puig and Estée Lauder discuss merger.

The US Federal Communications Commission banned the import of new foreign-made Wi-Fi routers, citing severe cybersecurity and supply chain risks, boosting Netgear shares by 14%. SK hynix announced a $7.9 billion purchase of advanced ASML equipment to expand next-gen memory chip production amid rising AI demand. Meanwhile, Spanish beauty company Puig's stock surged 15% after Estée Lauder confirmed merger talks, signaling ongoing consolidation in the beauty industry. These developments highlight significant shifts in tech security, semiconductor investment, and beauty sector mergers.