路透：中国研究人员已于今年年初完成一台可用的极紫外光刻机（EUV）原型，目前正在测试中，尚未生产出可用芯片。消息人士称，政府将生产可用芯片的目标设在2028年。 ...

彭博：中国正考虑推出一项2000亿至5000亿元的激励方案，为国内芯片制造产业提供补贴与其他融资支持。知情人士补充说，这项计划将独立于现有政府资助计划，例如3440亿元的“大基金三期”股权投资工具。 https://t.co/yBiLpZnc78 ...

All right, welcome back to the exchange. Tesla CEO Elon Musk saying he's considering a partnership with Intel and previewing plans for a gigantic chip fab that gave Intel a boost after hours, but shares are pairing some of those gains amid tech selloff today. Dear Drabosa has more in today's tech check and just how much should we put into this report of Intel Tesla maybe dancing around each other.>> Maybe you got to be skeptical of the report or at least you know hold and see what happens. But what it says ...

Intel's Foundry Business & Market Opportunity - Intel's foundry business, relaunched nearly five years ago with hundreds of billions of dollars invested, faces pressure to secure actual customers [1] - Elon Musk's consideration of a partnership with Intel could signal progress for Intel's foundry gamble, especially amidst rising bubble fears and trade tensions [2] - Advanced chip manufacturing is crucial in the AI race, with current capacity concentrated in Taiwan and South Korea [2][3][10] - Bringing chip manufacturing back to the US is a matter of national leverage, reducing reliance on Taiwan Semiconductor Manufacturing Company (TSMC), seen as vulnerable to China [3] Intel's Technological Advancement & Challenges - Intel's newest process, 14A, led by Lip Bhutan, aims to match or surpass TSMC at the leading edge [4] - Securing a deal with a major player to manufacture advanced nodes would position Intel among a select few fabs capable of producing at that level [4][5] - Advanced chip manufacturing is extremely difficult, requiring engineering, science, and artistry [6][7] - Intel faces the challenge of reliably delivering cost-efficient products that meet specifications [8] Potential Partnerships & Competitive Landscape - Intel approached Apple about a strategic investment, offering Apple a way to diversify its supply chain and manufacture on US soil, aligning with Washington's interests [5] - Apple previously moved away from Intel chips to manufacture its own, highlighting increased competition [9] - Successfully reaching the leading edge in chip manufacturing would be a significant achievement for Intel, especially given China's long-standing efforts in this area [9][10]

RT Amy (@_SFTahoe)TESLA: CHIP MANUFACTURER?“I dream about chips.” Elon MuskHow do we make enough chips? I have a lot of respect for the Tesla suppliers…. Even when extrapolate the the best case scenario of chips [from suppliers] it still is not enough…. I think we are going to have to build a gigantic chip fab.Elon Musk ...

Group 1 - The 2026 guidance from ASML indicates that while they do not expect a decline, they also do not foresee growth, which is a subtle shift from previous expectations [1][2] - ASML expects an increase in demand for their extreme ultraviolet lithography machines in 2026, which are their high-end products, signaling a positive outlook in that segment [2] - There is a significant concern regarding the demand in China, with ASML indicating that demand will decline significantly in 2026, marking a notable change in their guidance [3][4] Group 2 - For Q4, ASML has guided revenue expectations between 9.2 billion to 9.8 billion euros, slightly better than market expectations of 9.2 billion euros [5] - The focus for investors will be on the 2026 guidance and the situation in China, as there is a lack of visibility regarding how investments in chips and new data centers will impact ASML's business [6]

Industry Trend & Strategic Alliance - Intel and AMD are in early discussions for AMD to utilize Intel's foundry services, specifically their manufacturing factories [2] - This potential deal is viewed as a symbolic win for Intel, aiming to rebuild credibility in chip manufacturing [2] - Intel has been seeking endorsements and potential investments from companies like Nvidia, Apple, and TSMC [3] Technological Capabilities & Limitations - Intel's foundries currently cannot match TSMC's cutting-edge technology [3] - AMD would likely only shift less advanced production to Intel [3] - Some argue that this doesn't necessarily address Intel's underlying problem of advanced manufacturing capabilities not being up to par [5] Market Reaction & Investor Sentiment - Intel's stock experienced a pop of at least 6% due to the potential of AMD becoming a customer or investor [4] - The deal is less about immediate revenue and more about establishing Intel as a viable domestic alternative [5] Geopolitical Implications - US chip independence is a political priority [5]

Company Commitment - Intel reaffirms its commitment to its multibillion-dollar chip manufacturing plant project in Ohio [1] Project Status - The project is experiencing delays, prompting inquiry from US Senator Bernie Moreno [1]

Group 1: Trade Relations and Market Impact - A critical call is anticipated between President Trump and Chinese President Xi, focusing on the future of TikTok and tariffs [2][4] - Current tariffs are set at 30% on Chinese imports and 10% on US goods, with a potential return to triple-digit tariffs if no deal is reached by November [4] - China has not purchased any US soybeans at the start of the export season, indicating a strategic use of agriculture in trade negotiations [3] Group 2: Technology Sector Developments - Nvidia faced accusations of violating anti-monopoly laws in China, and Chinese tech firms have been advised not to purchase from Nvidia [3][7] - An antitrust probe against Google was dropped, highlighting a shift in focus towards Nvidia [8] - Intel's stock saw significant fluctuations, closing over 22% higher after Nvidia announced a $5 billion investment in AI hardware production in the US [38] Group 3: Economic Insights and Predictions - The US needs to enhance its chip manufacturing capabilities to reduce dependency on foreign sources, as highlighted by Gary Con [13][15] - The ongoing economic situation is complicated by inflation and employment challenges, with the Federal Reserve's recent rate cut signaling a cautious approach [27][30] - The market is currently experiencing volatility, with investors reacting to trade negotiations and economic indicators [36][52]

Monetary Policy & Economic Outlook - 美联储主席承认面临稳定物价（2%的通胀目标）和充分就业的双重困境，通胀高于目标，就业市场疲软 [1] - 美联储降息 25 个基点，被视为风险管理措施，旨在刺激就业增长，但可能加剧通胀 [2][3] - 联邦公开市场委员会（FOMC）对未来利率走向存在分歧，部分委员预计年内不再降息，部分预计需要两次降息，年底利率预期约为 36% [4][5] - 就业市场在过去几个月明显疲软，核心通胀率仍接近 3%，高于美联储 2% 的目标 [7] - 经济存在衰退的可能性，可能由无法预见的“黑天鹅”事件引发 [9][10] Chip Manufacturing & AI - 美国必须成为芯片制造商，不能依赖其他国家，新冠疫情暴露了供应链的脆弱性 [14] - 美国政府鼓励国内芯片制造是件好事，芯片对于国家安全至关重要，例如导弹需要 300 多个芯片 [16][17] - 人工智能资本支出巨大，大量资金投入到数据中心建设中，预计未来 3-5 年内数据中心将陆续投入使用 [19] - 人工智能将走向企业级解决方案，各种人工智能程序将协同工作，需要更连贯的数据和数据库支持，这将引领量子革命，预计到本十年末，量子技术将成为重要组成部分 [20][21]