Semiconductors & Semiconductor Equipment

TSMC closed at $434.67, up 1.02% and outpacing the S&P 500's 0.17% gain, while the Dow fell 0.18% and the Nasdaq rose 0.4%. The chipmaker is forecast to report quarterly EPS of $4.45, a 52.4% increase from the year-ago quarter, on revenue of $45.54 billion, up 37.59%. For the full year, the Zacks Consensus Estimates anticipate earnings of $16.55 per share and revenue of $167.09 billion, representing shifts of +55.4% and +36.49%, respectively, from last year. Over the past month the Zacks Consensus EPS estimate has risen 0.64%, and TSMC holds a Zacks Rank of #2 (Buy). The stock trades at a Forward P/E ratio of 26, in line with its industry average, and a PEG ratio of 0.95.

Intel and SK Hynix are exploring partnership opportunities to manufacture memory chips in the United States, reportedly centered on Intel's long-delayed Ohio manufacturing complex, with possibilities ranging from SK Hynix leasing capacity to a broader joint venture involving cloud companies. No formal partnership has been announced, and SK Hynix stressed that no specific plans or arrangements have been finalized. Since reports of the potential partnership surfaced Wednesday, Intel shares have surged roughly 10%, while SK Hynix has climbed about 5%; SK Hynix stock has risen 20% since its U.S. Nasdaq debut in July, while Intel is up about 4% over the same period. Intel's turnaround is gaining traction independently, with Q2 revenue jumping 25% year over year to $16.1 billion, Data Center and AI revenue surging 59% to $6.3 billion, Intel Foundry revenue up 31%, and management guiding Q3 sales to $15.8-$16.8 billion, while the Zacks Consensus calls for fiscal 2026 revenue to rise nearly 18% and FY26 EPS to soar to $1.50 from $0.42 per share last year. SK Hynix reported record Q2 performance amid robust AI demand, began mass shipments of HBM4 with production expected to ramp through the second half of the year, and shipped samples of HBM4E, while the Zacks Consensus Estimate calls for FY26 revenue to soar over 250% to $240.09 billion and EPS to jump more than 500% to $25.69. Despite its AI-memory leadership, SK Hynix trades at a forward P/E multiple of 7X, while Intel trades at more than 100X forward earnings; SK Hynix carries a Zacks Rank #2 (Buy), while Intel holds a Zacks Rank #3 (Hold).

Nvidia, Google and Emerald AI have launched the AI Energy Management Alliance, or AEMA, a coalition that dynamically manages the electricity use of data centers in response to grid conditions. Emerald AI founder and CEO Varun Sivaram said the alliance's founding members are joined by a cohort of 20 launch partners, including the AI lab Anthropic, the semiconductor firm Analog Devices, and the energy companies AES, NRG, Constellation, RWE and National Grid. Sivaram said Emerald AI, which was founded under two years ago, is building with Nvidia and Digital Realty the world's first from-the-ground-up power-flexible AI data center, a 100 megawatt facility in Manassas, Virginia, that comes online later this year. He said Google, one of the founding members, has already done a gigawatt of demand response for its data centers, while Emerald and Nvidia have completed six demonstrations around the world, in London, Phoenix and Virginia. Sivaram said the alliance is talking to the FERC commissioners, state regulators and the administration about a grand bargain in which flexible AI data centers act as good citizens to grids and communities in return for faster and larger connections to the power grid.

Micron Technology shares rose about 1.3% to $990.14 Friday morning after Intel CEO Lip-Bu Tan said memory prices have surged fivefold to sevenfold and that supply constraints will persist into next year. Tan's comments reinforce the tight memory market now driving Micron's profitability, with the company's latest reported quarter delivering an 84.6% GAAP gross margin and management guiding the following quarter to roughly 86%. At $990.14, Micron trades 54.71% above its $640 GuruFocus GF Value, a premium that raises the bar for the company to convert the pricing windfall into durable cash flows before supply eventually catches up.

KLA Corporation is benefiting from accelerating artificial intelligence infrastructure spending, which is driving higher investments in leading-edge foundry and logic technologies and boosting demand for its process-control solutions. In fiscal 2026, the Semiconductor Process Control segment's revenues increased 12% year over year, and overall fiscal 2026 revenues rose 12% year over year to $13.58 billion. During the fourth quarter of fiscal 2026, management raised its calendar 2026 wafer-fabrication equipment market estimate, including advanced packaging, to the low-$150 billion range, up from its previous $140 billion-plus view and approximately $120 billion in calendar 2025. KLAC expects second-half 2026 revenues to be approximately 20% higher than the first half, aided by high-performance computing, high-bandwidth memory, increasing extreme ultraviolet adoption in DRAM and advanced packaging technologies such as hybrid bonding, and said backlog was expected to reach about $12.5 billion. The company faces intensifying competition from Applied Materials, which expects its process diagnostics and control business to grow more than 50% in calendar 2026, and from ASML, which expects advanced foundry and logic revenues to rise about 25% in 2026 and extreme ultraviolet revenues to increase roughly 45%.

Micron demonstrated a 512GB server memory module that holds as much memory as four 128GB modules, with AMD and Intel having validated it for future platforms, but volume production is not expected until the second half of 2027. The company said HBM4 has already crossed $1 billion in revenue, with the 12-high ramp running twice as fast as HBM3E, and CEO Sanjay Mehrotra told investors that DRAM and NAND industry demand continues to significantly exceed industry supply, a tightness he expects to persist beyond calendar 2027. Micron has signed 16 Strategic Customer Agreements covering roughly 25% of revenue over their term, with cumulative minimum-price RPO of approximately $100 billion. The stock trades at a trailing PE of 21x and a forward PE of 6x, with the average analyst target at $1,513.11, against consensus fiscal 2027 EPS of $156.0661 on revenue of $244.46 billion, up from a fiscal 2026 EPS estimate of $73.4388. Micron is now the only US maker in both DRAM and NAND after the SanDisk spinoff left Western Digital out of NAND, though the 2027 pricing backdrop the new module lands into cannot be forecast from here.

Intel CEO Lip-Bu Tan warned this week that memory prices have jumped 5x to 7x and now account for roughly 75% of the cost of some lower-end phones and laptops, cautioning the shortage could deepen in 2027. Tan told investors the industry faces one of the most severe supply constraints in its history across leading-edge logic, silicon wafers, memory, and subscripts, and said these shortages will persist for the foreseeable future. Intel is pivoting production toward data-center CPUs and now guides 2026 capital expenditure above $20 billion, with 2027 spending set to run significantly higher. Micron Technology echoed the outlook, saying it sees tightness continuing beyond 2027, aligned with SK hynix flagging 2027 as potentially the industry's worst supply year. Micron's $100 billion in take-or-pay remaining performance obligations and $22 billion in customer deposits and letters of credit lock in floor pricing above prior peak margins, while its fiscal third-quarter gross margin hit 84.9% on DRAM pricing gains in the low 60s percentage range and NAND pricing in the mid-80s percentage range.

Analog Devices reported third-quarter fiscal 2026 non-GAAP earnings of $3.45 per share, beating the Zacks Consensus Estimate by 3.6% and up from $2.05 per share a year earlier, while revenues of $4.02 billion surpassed the consensus by 2.5% and rose 40% from the year-ago quarter's $2.88 billion. Within that total, Industrial contributed $1.97 billion, or 49% of revenues, up 53% year over year; Automotive brought in $998.2 million, or 25%, up 16%; Communications generated $654.5 million, or 16%, up 84%; and Consumer added $397.2 million, or 10%, up 6%. The adjusted gross margin expanded 330 basis points to 72.5% and the adjusted operating margin reached 50%, up 780 basis points year over year. For the fourth quarter of fiscal 2026, management guided revenues to $4.3 billion, plus or minus $100 million, with adjusted earnings of $3.86 per share, plus or minus $0.15, and an adjusted operating margin of about 52%. The company returned $1.7 billion to shareholders in the quarter, comprising $535 million in dividends and $1.16 billion in share repurchases, and held $2.17 billion in cash and cash equivalents as of Aug. 1, 2026.

Micron Technology is trading at roughly 6x forward earnings against a consensus analyst price target of $1,513.11, implying about 59% upside from its current $953.49 share price. The Boise-based memory maker, the only U.S.-headquartered producer of DRAM and NAND at scale, has signed 16 multi-year take-or-pay contracts covering roughly 25% of revenue, backed by $22 billion in cash deposits and letters of credit, with remaining performance obligations near $100 billion. CEO Sanjay Mehrotra said AI has elevated the value of memory, and management expects high-bandwidth memory supply tightness to persist beyond calendar 2027, with data-center DRAM and NAND bit shipments projected to more than double from two years ago. Micron has already shipped over $1 billion in HBM4 revenue, with the 12-high volume ramp tracking twice as fast as HBM3E 12-high, and fiscal fourth-quarter guidance calls for record revenue of $50 billion plus or minus $1 billion and non-GAAP earnings per share of $31 plus or minus $1 at a gross margin near 86%. The stock is up 234.28% year-to-date and 501.33% over the past year, and beginning December 9, 2026, Micron plans to increase capital returns and eventually return 100% of excess cash to shareholders.

Nvidia CEO Jensen Huang said the company expects to sell roughly twice as many chips next year as it does this year, calling it one of his strongest signals yet that AI demand remains far from exhausted. Speaking to reporters Thursday at a summit in Scotland with King Charles III, Huang said the reason is AI's contribution to different industries and economies, and that people in almost every country Nvidia operates in want to invest in AI. The forecast adds to Nvidia's increasingly aggressive outlook: the company recently said it expects roughly 70% growth in the fiscal year ending January 2028, which would put annual revenue around $673 billion. Nvidia does not disclose total chip unit shipments, making Huang's volume forecast difficult to translate directly into revenue, though its most important products include data-center GPUs, particularly Blackwell and next-generation Rubin systems; Huang said last fall that Nvidia had shipped about 6 million Blackwell GPUs over four quarters. The comments come as investors debate whether hyperscaler spending and model-training demand can keep growing at the breakneck pace seen during the first phase of the AI buildout, with the key question being not simply whether Nvidia can double chip volumes but what that mix looks like, since higher shipments of premium Blackwell and Rubin systems could support enormous revenue growth while greater unit volume at lower average selling prices would produce a different margin outcome.

ASML Holding N.V. is riding strong momentum in its Installed Base Management business, which generated 2.8 billion euros in sales in the second quarter, up 31.8% year over year and about €300 million above management's expectations. The business benefits from the large and expanding fleet of ASML systems already operating at semiconductor manufacturers, and continued expansion of the EUV installed base is increasing the company's overall service opportunity. Demand is being driven not only by fleet expansion but also by software-led upgrades that improve productivity without significant machine time or production disruption. ASML expects to ship about 65 Low-NA EUV systems in 2026, with EUV revenue projected to rise roughly 45%, and management expects the combination of upgrade and service revenue to drive more than 30% growth in Installed Base Management sales in 2026. Sustaining that pace will depend on continued semiconductor investment and customer demand. Elsewhere in the semiconductor space, Monolithic Power Systems is gaining content across AI infrastructure and has extended its capacity goal beyond $6 billion, while Applied Materials delivered a record third quarter on the rapid global build-out of AI infrastructure.

United Microelectronics Corporation shares have soared 250.1% over the past year, far outpacing the industry's 25.8% gain, as improving foundry demand and AI exposure drive optimism. The company's 22/28-nanometer nodes contributed 37% of second-quarter revenues, with 22nm sales hitting another record, and management expects third-quarter wafer shipments to rise by a high single-digit percentage sequentially with capacity utilization exceeding 90%. UMC expects AI-related revenues to approach $300 million in 2026 and exceed $1 billion within three years, and it recently began mass-production delivery of silicon photonics wafers from its 12-inch Singapore facility, with plans to open its own 12-inch silicon photonics platform to broader customers in 2027. Its collaboration with Intel on a 12nm process platform is expected to begin production in Arizona in 2027. The 2026 earnings estimate now stands at $1.23 per share, up 75.7% over the past 60 days, and the stock carries a Zacks Rank #1 (Strong Buy).

Micron Technology is drawing heavy investor attention, with its shares returning +0.3% over the past month against a -1.3% decline for the Zacks S&P 500 composite, while the Zacks Computer - Integrated Systems industry lost 0.4% over the same period. The chipmaker is expected to post earnings of $31.45 per share for the current quarter, a year-over-year change of +938%, and the Zacks Consensus Estimate has remained unchanged over the last 30 days. For the current fiscal year, the consensus earnings estimate of $73.9 implies a year-over-year change of +791.4%, and for the next fiscal year the consensus estimate of $157.84 indicates a change of +113.6%, both unchanged over the past month. The consensus sales estimate of $50.76 billion for the current quarter points to a year-over-year change of +348.6%, while the $129.63 billion and $248.23 billion estimates for the current and next fiscal years indicate changes of +246.8% and +91.5%, respectively. In the last reported quarter, Micron posted revenues of $41.46 billion, up +345.7% year over year, and EPS of $25.11 versus $1.91 a year ago, beating the Zacks Consensus revenue estimate of $36.72 billion by +12.91% and delivering an EPS surprise of +17.39%. The stock carries a Zacks Rank #2 (Buy) and a Zacks Value Style Score of C, indicating it is trading at par with its peers.

Nvidia CEO Jensen Huang said Thursday he expects the company to sell twice as many chips in the next year as it did this year, a signal to investors that demand has not yet peaked. Huang attributed the outlook to AI investment spreading across industries, economies and countries. Management said consumer expectations point to another doubling of growth next year, and Nvidia projected around 70% revenue growth for the fiscal year ending January 2028, bringing revenue to almost $673 billion. Management classified the outlook as supply tight, implying Nvidia's capacity to ship chips could remain one of the largest impediments to growth. Last year, Huang said the company shipped around 6 million Blackwell GPUs in four quarters, and Rubin is now coming up as the next big part of the product cycle.

Nvidia CEO Jensen Huang said he expects the company to sell roughly twice as many chips next year as it does this year, pointing to continued demand for artificial intelligence technology across industries. Huang made the projection while attending an AI-focused meeting hosted by King Charles III in Scotland, where he said businesses and governments in many countries keep investing in AI because of its potential economic benefits. The unit-growth outlook comes after Nvidia projected about $673 billion in revenue for fiscal 2028, representing growth of roughly 70% from the prior year, though the company does not disclose its total chip sales volume, making the two figures difficult to compare directly. Nvidia's portfolio includes data-center graphics processors such as Blackwell and Rubin, along with CPUs, networking chips and processors used in robotics and vehicles, and Huang has previously said the company shipped six million Blackwell GPUs over four quarters. Huang also joined executives from Google DeepMind, OpenAI and Anthropic at the Scotland meeting, where discussions included AI safety and product testing.

Subaru has entered a strategic collaboration with onsemi to evaluate its Embedded Power Platform, a step toward integrating next-generation power architectures into future electric vehicles. Under the partnership, Subaru gains early access to engineering samples and technical expertise as it assesses whether onsemi's power semiconductor integration can deliver scalable, efficient solutions for vehicle electrification. The two companies said the work will explore how a more integrated power system design can improve vehicle performance, efficiency and design flexibility as automakers expand their electrified lineups. The collaboration was announced by onsemi on GlobeNewswire.

Taiwan Semiconductor Manufacturing has moved its 2nm process into commercial production and raised its capital expenditure targets to support the rollout. The chipmaker said the higher spending is preparation for an intensifying global semiconductor arms race among leading foundries and chip designers. The accelerated 2nm commercialization keeps TSMC aligned with chip designers that need leading-edge capacity for AI and high-performance computing, and the bigger budget gives it more room to secure large multi-year supply commitments from major customers. One early indicator to watch is how quickly 2nm and related advanced nodes contribute a rising share of wafer revenue as new lines ramp up, including whether customer wins such as the MediaTek 2nm decision broaden into multiple large-volume programs that keep those advanced fabs near targeted utilization levels from 2026 onward.

Nvidia CEO Jensen Huang said demand for artificial intelligence computing is accelerating, describing the resulting investment cycle as a flywheel that is "really, really flying." Speaking with CNBC's Jim Cramer at Dreamforce in San Francisco, Huang estimated that a 1-gigawatt Nvidia AI factory costs about $50 billion to $60 billion to build but can generate roughly $50 billion in annual rental revenue, implying a return on invested capital of about one year. He said token generation has increased 25-fold in less than a year, with open models now accounting for nearly 70% of generated tokens, up from about 30%. Huang also said Nvidia Grace Blackwell systems now rent for about $16 per GPU hour, versus roughly $5 under some contracts signed a year ago, and he expects AI testing to become a third major category of infrastructure alongside training and inference, requiring additional data centers.

Jensen Huang, CEO of Nvidia, expects the company's chip product sales to double again next year, reflecting still-strong demand driven by the expansion of the artificial intelligence sector. Huang gave the interview to media before attending a summit with King Charles III in Scotland. The forecast is the latest signal that Nvidia is likely to see strong growth over the next six quarters, after the company recently said it expects growth of 70% in the next fiscal year, equivalent to revenue of about 673 billion dollars. Nvidia does not disclose the total number of chips it sells; its best-known products are graphics processing units for data centers, such as the Blackwell and Rubin chip families. Late last year, Huang said Nvidia had shipped 6 million Blackwell GPUs over four quarters. The summit also includes representatives from the world's major AI companies, including Google DeepMind, OpenAI and Anthropic, who traveled to the United Kingdom to discuss approaches to AI safety regulation.

Ferrotec, the largest vacuum seal maker, announced it will conduct a tender offer for Japan Resistor Manufacturing, a company engaged in fixed resistors and potentiometers. The tender offer price is 1,901 yen, 49.1% above the previous day's closing price of 1,275 yen, with a minimum planned purchase of 618,700 shares and no upper limit. The offer period runs until November 5. Japan Resistor Manufacturing has expressed its approval and recommends that shareholders tender their shares, and the company is expected to be delisted after the tender offer succeeds. Following the announcement, Japan Resistor Manufacturing's share price hit the daily limit-up of 300 yen, rising to 1,575 yen, converging toward the tender offer price.

The Ministry of Education has reached a strategic cooperation agreement with Infineon, Germany's largest manufacturer of semiconductor devices and chips, to elevate Thai vocational education to international standards through the dual-system or Dual TVET model, which combines theoretical study in educational institutions with hands-on training in enterprises, following the Learn to Earn concept of learning while working. Under the partnership, industry will take part in designing curricula, skills training, and competency standards from the classroom all the way to the factory floor. The cooperation prepares the ground for Infineon's new plant in Thailand, scheduled to open on October 1, which will serve as a major regional base for advanced chipset production. The government also aims to adapt the successful template of the German vocational system so that enterprises and educational institutions work together fully, developing curricula that meet the needs of future industries, especially in high-technology fields, while upgrading the assessment of professional skills and learner qualifications so they are recognized internationally. The partnership also covers exchanges of experts and bringing advanced technology into the classroom to develop vocational teachers across the entire system, and gives students internships at Thai and German enterprises so they gain professional skills, language ability, and real experience, ready to work immediately.

Soitec announced the success of its offering of bonds settled in cash and/or convertible into new shares and/or exchangeable for existing shares, known as ORNANEs, due September 2033 for a nominal amount of €500 million. The bonds carry a fixed coupon of 0.5% per annum, were issued at 100% of their Principal Amount on September 25, 2026, and will be redeemed at par on September 25, 2033, with the conversion and exchange price set at €206.46, a 55% premium above the reference share price of €133.20. Soitec said it will use the net proceeds for general corporate purposes, which may include refinancing existing indebtedness and investments to support organic growth, and Chief Financial Officer Albin Jacquemont tied the placement to investor confidence in the company's Photonics-SOI technologies for next-generation AI infrastructure. Concurrently, certain members of the bank syndicate acting as joint bookrunners organized a placement of existing Soitec shares at €133.20 through an accelerated bookbuilding to facilitate hedging for certain bond subscribers, from which Soitec will receive no proceeds. The company agreed to a lock-up ending 90 calendar days after the Issue Date, and potential dilution from the offering would represent up to 6.3% of the outstanding share capital should Soitec decide to deliver only new shares upon exercise of the conversion and exchange right.

Nvidia CEO Jensen Huang said the company expects to double the total number of chips it sells next year as rapid AI adoption continues across global industries. "I expect Nvidia to sell twice as many chips as this next year as we do this year," Huang told the media at a summit with King Charles III in Scotland, adding that AI contributes so much to the benefits of different industries and economies that people in almost every country want to invest in AI. The forecast points to continuing massive growth for the next six quarters and comes shortly after the company revealed it expected 70% growth in the fiscal year ending in January 2028, or about $673B. Nvidia does not disclose the total number of chips it sells; its best-known products are data center graphics processing units such as its Blackwell and Rubin chips, and last fall Huang said Nvidia had shipped 6 million Blackwell GPUs in four quarters. Huang, who was joined at the summit by representatives from Google DeepMind, OpenAI and Anthropic, was in the U.K. to discuss AI safety, and said that when a product is not safe, it should be held back and kept in engineering.

MACOM Technology Solutions Holdings introduced a new 3.2T optical front-end chipset for AI and cloud data center interconnects and showcased it, alongside a broad portfolio of high-speed optical and connectivity components, at ECOC 2026 in Málaga, Spain. The launch underlines MACOM's push into 448 Gbps-per-lane and PCIe 6.0/7.0 ecosystems, aiming to become a core supplier for next-generation AI infrastructure and advanced telecom networks. The ECOC announcement closely echoes MACOM's OFC 2026 demonstrations, where it highlighted 3.2 Tbps optical transmit solutions and PCIe 6.0/7.0 technologies. MACOM's narrative projects $2.1 billion revenue and $605.5 million earnings by 2029, requiring 24.4% yearly revenue growth and about a $428.7 million earnings increase from $176.8 million today, while the most optimistic analysts already expected about US$2.7 billion in revenue and US$871.2 million in earnings by 2029. The company's forecasts yield a $398.36 fair value, a 51% upside to its current price.

Lattice Semiconductor rolled out its Mach-N2 FPGA family on September 16, a chip line built to protect control systems inside servers, network gear, and industrial equipment against next-generation cyber threats. The launch follows a second quarter in which Lattice reported revenue of $201.1 million, up 62% from a year earlier and above the high end of its own guidance, with non-GAAP earnings per diluted share of $0.53 versus $0.24 a year prior. The new family packs up to twice the logic density of its predecessor, configures a 220,000-cell device in under 30 milliseconds, and bundles CNSA 2.0-compliant post-quantum cryptography, with samples already shipped to compute and communications customers. Lattice guided third-quarter FPGA revenue to $220 million at the midpoint, 65% growth year over year, and said total revenue including two months of its newly closed AMI acquisition should push it toward a $1 billion annual run rate. The company closed the $1.65 billion AMI deal on July 27, 2026, paying roughly $1 billion in cash and issuing about 5.2 million new shares worth around $650 million, and AMI is expected to contribute more than $200 million in 2026 revenue on its own. GAAP net income fell to $19.4 million in the second quarter from $21.8 million in the first, with diluted GAAP earnings per share slipping to $0.14 from $0.16, as operating expenses jumped 29.9% quarter over quarter.

Marvell Technology announced new collaborations with GlobalFoundries, Microsoft and Utimaco focused on advanced connectivity and payment security. The GlobalFoundries partnership targets expanded production of advanced SiGe chips used in next generation optical links for AI data centers, giving Marvell more assured capacity for SiGe chips used in pluggable optics, NPO and CPO and tightening a manufacturing relationship that already spans more than a decade. Marvell is also working with Microsoft and Utimaco to provide a cloud native payment security platform delivered through Microsoft Azure, combining LiquidSecurity hardware with Utimaco software to shift part of its security hardware footprint into a cloud delivered, usage based service. The first checkpoint for that effort is the Azure Payment HSM v2 public preview, which begins on 17 September 2026 in Western U.S. and Western Europe. Investors can then watch for disclosed customer adoption metrics, expansion of availability regions, and Marvell's capacity plans for higher speed SiGe optical products beyond the current 200G per lane benchmark.

Nvidia expects its chip sales next year to double from this year, CEO Jensen Huang said on Thursday, September 17, at a summit alongside King Charles III of the United Kingdom in Scotland. Huang said the reason is that artificial intelligence, or AI, is delivering enormous benefits to industries and economies, and that nearly every country where Nvidia does business wants to invest in AI. The forecast reflects a trend of continued growth over the next six quarters. The company recently disclosed that it expects revenue to grow 70% in the fiscal year ending in January 2028, which would put revenue at about 673 billion US dollars. Nvidia has not disclosed its total chip sales figures, but Huang said last autumn that the company had shipped 6 million units of its Blackwell chips, graphics processing units for data centers, over a four-quarter period. Huang attended the meeting along with representatives from Google DeepMind, OpenAI and Anthropic to discuss AI safety, saying that if any product is unsafe, its rollout should be slowed and further development pursued.

Lattice Semiconductor has launched its Mach-N2 FPGA family, adding higher logic density, integrated flash, post-quantum cryptography, and faster connectivity for secure control in modern infrastructure systems. The company paired the launch with its new AI-powered Lattice Prompt design tool, tying advanced hardware security to accelerated FPGA development workflows and potentially deepening its role in next-generation compute, communications, and industrial deployments. The Mach-N2 launch reinforces Lattice's secure control positioning but does not remove near-term risks around pricing pressure, customer inventory swings, or reliance on a relatively narrow product focus. Lattice's narrative projects $2.0 billion in revenue and $525.1 million in earnings by 2029, yielding a $164.92 fair value and a 52% upside to its current price. Before Mach-N2, the most optimistic analysts had already assumed revenue could reach about US$2.3 billion and earnings US$359 million by 2029, far above consensus.

SK Hynix is in preliminary talks with Intel to find ways to produce memory chips in the United States, according to an in-depth report by Reuters. The first option is that SK Hynix could seek to lease part of Intel's large chip manufacturing plant in Ohio. Another possible option is the creation of a joint venture between Intel, SK Hynix and a group of major cloud service providers. The move comes amid a severe shortage of memory chips, driven by soaring demand from artificial intelligence and data center technologies worldwide, and it also marks a political victory for the US government under the leadership of Donald Trump, which has pressured chipmakers to move production to the United States. However, the biggest obstacle may come from the South Korean government, since SK Hynix's core products, including DRAM chips, NAND Flash and advanced memory chips such as High-Bandwidth Memory, are all classified as national core technologies. South Korea's Ministry of Trade therefore states that any transfer of technology or establishment of production bases abroad must undergo strict review under the Industrial Technology Protection Act. Meanwhile, insider sources say that building and operating a semiconductor plant in the United States costs far more than in South Korea, including construction costs, labor costs and transportation costs. SK Hynix said it is considering various measures, including building additional production bases, but stressed that everything is still at an early stage and no final decision has been made. Intel declined to comment, saying it was only speculation, while confirming that it will continue to invest in Ohio according to its existing plans.

MACOM Technology Solutions announced a front-end chipset solution for 3.2T applications designed to accelerate next-generation optical interconnects for artificial intelligence infrastructure. According to a company press release, the chipset delivers up to 3.2 terabits per second of throughput across eight channels operating at 448 gigabits per second PAM-4, a signal modulation technology used to increase data transmission speeds. The solution is engineered to support high-performance data processing across cloud data centers, high-speed networking, and next-generation AI infrastructure. Shares of the network chips maker jumped 4.4% in the afternoon session on the news, trading at $264.04, up 4.9% from the previous close. MACOM is up 50.9% since the beginning of the year, but at $264.04 per share it remains 35.5% below its 52-week high of $409.68 from May 2026.

Elmos Semiconductor SE has extended its supply agreement for the Dortmund wafer fab, securing significantly increased capacity at the site until at least 2028. The Leverkusen-based maker of mixed-signal semiconductors for the automotive industry said the additional capacity from Dortmund complements its existing agreements with foundry partners, supporting its fabless strategy. CEO Dr. Arne Schneider called the extension a highly attractive solution that strengthens supply reliability amid strong global demand for semiconductor manufacturing capacity. The company pointed to structurally rising semiconductor content in vehicles, driven by electrification, autonomous and assisted driving, connectivity and digitalization, as well as sharply higher demand for high-voltage wafer capacity from data center and AI infrastructure expansion. Elmos said it is pursuing the added capacity at an early stage to increase available wafer supply and reinforce its supply chain resilience.

Texas Instruments will raise its quarterly cash dividend 7%, from $1.42 per share to $1.52, or $6.08 annualized, marking 23 consecutive years of dividend increases. The higher dividend is payable November 10, 2026, to stockholders of record on October 30, 2026, contingent upon formal declaration by the board of directors at its regular meeting in October. The company said the increase is consistent with its long-term objective of providing a sustainable and growing dividend and reflects its continued commitment to return all free cash flow to its owners over time. Texas Instruments designs, manufactures and sells analog and embedded processing chips for markets including industrial, automotive, data center, personal electronics and communications equipment.

Nvidia CEO Jensen Huang said the company expects chip sales next year to be about twice this year's level, sending shares up more than 2% Thursday. Speaking at an event in Scotland, Huang pointed to continued demand as businesses expand their use of artificial intelligence. Nvidia also released preliminary MLPerf results on Sept. 16 showing its next-generation Vera Rubin NVL72 platform delivering up to 3.7 times the inference throughput of the previous GB300 system on the Qwen3-VL test. Vera Rubin has entered full production, with shipments expected to begin this fall. The broader market added to the lift, as U.S. stocks rebounded Thursday with oil prices falling more than 2% and the 10-year Treasury yield easing, helping technology shares recover from recent pressure.

Nvidia CEO Jensen Huang said the company expects the volume of chips it ships and sells to almost double in 2027 over 2026, with the next platform, Vera Rubin, playing a key part. Vera Rubin is now in full production and Nvidia expects it to be the fastest ramp of any product in the company's history. According to Nvidia, Vera Rubin delivers nearly $40 billion of income opportunity per gigawatt of AI infrastructure, against $25 billion for Blackwell. Over the past 90 days, analysts have raised their consensus fiscal 2028 earnings forecast to nearly $16 a share from $13, with 39 upward revisions and no downgrades, while Nvidia's supply commitments have risen to $279 billion, much of it tied to securing memory and other components for Vera Rubin. The next challenge is whether Vera Rubin can achieve the exceptionally rapid acceleration management expects.

Nvidia CEO Jensen Huang said Thursday that the company will double its chip sales next year compared to this year, speaking at a summit with the U.K.'s King Charles III in Scotland. Huang said he expects Nvidia to sell twice as many chips next year as this year, citing AI's contribution to industries and economies worldwide. The projection follows the company's recent forecast of 70% growth in the fiscal year ending in January 2028, reaching approximately $673 billion, and points to continued growth over the next six quarters. Nvidia does not disclose total chip sales figures; its best-known products are data center GPUs such as Blackwell and Rubin, and last fall Huang said the company had shipped 6 million Blackwell GPUs in four quarters. Huang attended the summit alongside representatives from Google DeepMind, OpenAI, and Anthropic to discuss AI safety, saying that when a product is not safe, it should be held back and kept in engineering.

Intel shares climbed 9% on Thursday as reports of potential memory-chip manufacturing at its Ohio site continued to draw investor attention. The discussions involve SK Hynix, which is considering ways to produce memory chips in the United States, with one possibility involving part of Intel's planned Ohio manufacturing complex and another a broader venture with Intel and cloud companies. For Intel, such an arrangement could provide another potential use for capacity at the Ohio project, which has faced delays, and Reuters reported the company has been under financial pressure as it works to expand its manufacturing operations. Intel has not confirmed any agreement and declined to comment on speculation, while saying it remains committed to preparing the Ohio site, and SK Hynix also said no specific arrangement had been finalized. Intel shares gained 4% on Wednesday following the initial report and were trading higher again Thursday, as the talks come amid rising memory-chip demand alongside investment in artificial intelligence and data centers.