Soitec Raises €500 Million in ORNANE Bonds Due September 2033

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.

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 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.