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technology · international · severity 7
Global Semiconductor and AI Chip Supply Chain Competition
China is pushing for 70%+ domestic wafer production by 2026; Intel, AMD, and others report strong data center revenue from AI demand; Apple considers Intel chipmaking partnerships; US/allies pursue critical mineral and semiconductor supply chain independence. This reflects geopolitical fragmentation of semiconductor markets.
Sources
- Sources: China targets 70%+ of silicon wafers used by its chipmakers to be made domestically by 2026; chipmakers see an unspoken mandate to use local 12" wafers (Nikkei Asia)
- Intel stock jumps 12%+, hitting a new all-time high, on a report that Apple has had early-stage talks with Intel about enlisting Intel's chipmaking services (Lola Murti/CNBC)
- Trump administration looks to ease memory chip crunch with supply chain bloc
- AMD reports Q1 revenue up 38% YoY to $10.25B, Data Center revenue up 57% to $5.8B, and forecasts Q2 revenue above estimates, as AI chip demand stays strong (Zaheer Kachwala/Reuters)
- GlobalFoundries reports Q1 revenue up 3% YoY to $1.63B, in line with est., and forecasts Q2 revenue and adjusted earnings above estimates; GFS closes up 9.28% (Patrick Seitz/Investor's Business Daily)
- Micron closes up 11% after announcing its highest-capacity SSD has started to ship, lifting its market cap past $700B for the first time; Sandisk closes up 12% (Lola Murti/CNBC)
- Super Micro reports Q3 revenue up 123% YoY to $10.24B, vs. $12.33B est., forecasts Q4 revenue and adjusted profit above estimates; SMCI jumps 17%+ after hours (Juby Babu/Reuters)
- Japan, Philippines to fast-track transfer of navy destroyers
- France convenes G7 on critical minerals to curb China's grip