China Starts Making Its Own Advanced Chip Tools, ASML Shares Drop
China begins producing its own immersion DUV lithography machines. A state-backed firm will deliver units to SMIC and other companies in 2026.
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Applied Materials Stock Rallies After Record Q2 Beat and Strong AI-Fueled Guidance
Applied Materials beats earnings, boosted by AI chip demand, and gives strong outlook; stock rises and dividend increases again.
"We Either Build Terafab or We Don't Have the Chips": Musk's Massive Austin Fab to Deliver 1 Terawatt of Compute Yearly
Elon Musk announces Terafab, a $20-25B Tesla-SpaceX-xAI joint venture to build the world's largest chip fab in Austin, targeting 1 terawatt of AI compute yearly for robots, cars, and space.
BESI in Play: Lam Research and Applied Materials Circle Dutch Chip Packaging Leader
Dutch chip equipment maker BE Semiconductor Industries (BESI) draws takeover interest from US giants like Lam Research and Applied Materials amid surging demand for its advanced packaging tech crucial for AI chips.
Applied Materials' Q1 2026 Earnings: AI Demand Sparks Big Growth Forecast
Applied Materials shares jump 11% after strong Q1 results and upbeat Q2 outlook, driven by AI chip needs. Revenue hit $7.01B, with Q2 expected at $7.65B amid booming demand for memory and advanced tech.
TSMC's $56 Billion Bet: Chip Giant Goes All-In on AI Future
TSMC announces massive $56B spending plan for 2026, signaling confidence in AI boom. Strong earnings and expansion plans boost tech sector optimism.