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.
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.
Wells Fargo upgrades Broadcom, KLA Corp., Lam Research, and Analog Devices to Overweight, citing strong growth potential, supply-demand dynamics, and positive market momentum.
TSMC announces massive $56B spending plan for 2026, signaling confidence in AI boom. Strong earnings and expansion plans boost tech sector optimism.
China requires chipmakers to use at least 50% locally-made equipment when expanding capacity, accelerating efforts to reduce foreign tech dependence amid U.S. export restrictions.
Applied Materials forecasts reduced China spending in 2026 due to U.S. export restrictions, causing shares to fall 6%. Company expects recovery in second half of 2026.
