In an intimate conversation with Chioma Nnadi for this Thursday’s episode of “The Run-Through,” cover star Micheal B. Jordan dissected a moment in his career when everything he’s dreamed of seems to be finally coming to fruition.

On this Tuesday’s special episode of “The Run-Through,” Nicole and Chioma are joined by contributing writer and former Vogue staffer Liana Satenstein to talk through all of the most pressing summer-dressing questions.

Chroma, a Taiwanese test-equipment maker, says it has received purchase orders for Q1 2027 to support volume production of co-packaged optics (CPO). The company expects the current pilot phase to wrap up by the end of 2026, and customers have provided their 2027 demand forecasts. For Nvidia's Spectrum-X, Chroma expects 2027 shipments of Insertion 3 optical-engine test equipment to be at least four to five times the pilot-run level. Chroma said Marvell plans to enter the pilot stage in 2027, with volume production targeted for Q4 of that year. Q3 revenue rose 33% from the previous quarter and 180% year over year to NT$17.93 billion. Operating profit increased 37% from Q2 and 288% from a year earlier to NT$7.17 billion. Gross margin slipped to 57.5% from 60.5% in Q2, but operating margin improved to 40.0% from 38.7% as revenue grew faster than operating expenses. Net profit attributable to shareholders was NT$5.65 billion. Basic EPS rose 11% year over year to NT$13.34. The year-earlier quarter included a NT$3.19 billion gain from residential property sales. On a parent-company basis, semiconductor and photonics testing revenue reached NT$6.06 billion, up 38% from Q2 and 189% year over year, accounting for 42% of parent-company sales. Test instruments and automated test systems generated NT$7.43 billion, up 21% from Q2. Operating cash flow for the first nine months was NT$6.21 billion, compared with NT$14.96 billion in consolidated net income. Inventory rose 74% from the end of 2025 to NT$13.81 billion.

Chipmakers bought $135.1 billion of equipment in 2025. SEMI forecasts $229.5 billion by 2028. That's 19.3% a year, against 11.1% a year over the seven years before it. The acceleration comes from three things happening at once: AI processors, the memory that feeds them, and fabs being built with government money. The REX AI Chipmaking ETF $CHIP holds the companies selling that equipment. See how the fund is built: SEMI, July 14, 2026 forecast. Equipment market growth, not fund performance.