Cook essentially just said on the earnings call that Chinese memory, if they could use it, would help on the supply side and they are not sure about the pricing side Essentially, they just need access and it doesn't necessarily mean it's "cheap Chinese memory"

The Wekapod announced last week is built on Micron's PCIe 6.0 SSDs and I was wondering when we would get news of Kioxia's own PCIe 6.0 product. Its here, and will be showcased at FMS next week. "Designed for demanding enterprise and AI workloads, including AI inference and Key Value (KV) cache, the new drives are designed to support the NVIDIA CMX™ context memory storage solution while delivering significant gains in performance, power efficiency, and cooling flexibility over the previous generation." "The KIOXIA CM10 Series is Kioxia's first PCIe® 6.0 enterprise SSD and offers direct-cold-plate liquid cooling capability."

AT&S is down 44% from ATH and some insiders are underwater. In an interview with Nikkei today: Demand will be on the high side for the next 24 months or more, and "we will see undercapacity within the next two years". AT&S announced plans to invest an additional 1.5 billion euros to 2 billion euros ($1.7 billion to $2.3 billion) to expand its Kulim campus in Malaysia's Kedah state, adjacent to Penang. The investment will add a second substrate production plant and a facility producing substrate cores and advanced circuit boards, supported by long-term customer commitments from AMD and another leading technology company. AT&S raised its fiscal 2026-2027 constant-currency revenue growth forecast to 45% to 55%, from 30% to 35%, following the expansion announcement. AT&S CEO, Mertin, said the semiconductor industry's technological bottleneck has shifted away from simply shrinking transistor sizes, the approach taken under Moore's Law. "The limitation nowadays is the communication speed," he said. "Who's transporting the data? We are doing [that] with the substrate." As AI chips become increasingly powerful, he said, processors must transfer enormous volumes of data between central processing units, graphics processors and high-bandwidth memory. Modern substrates have therefore evolved from acting as simple carriers for chips into performance-enhancing components that determine computing speed, energy efficiency and system performance. The growing complexity also means substrate suppliers are becoming development partners rather than conventional manufacturers. "It's not just a vendor-supplier relation anymore," Mertin said. "You have to cooperate, you have to think, you have to have a joint roadmap." That means working alongside customers from the earliest stages of chip design to jointly develop packaging architectures, refine manufacturing processes and improve production yields. Mertin dismissed suggestions that the tech industry is approaching the end of an investment supercycle, arguing instead that AI is only beginning to transform the global economy. "It's not a supercycle and then it's over," he said. "I think we are still at the beginning of a significant change."

Investors seemed to be a lot more anchored on S&D FUD given the magnitude of the drawdown we've seen in TMT momo names. +ve news get sold and negative views get embraced and exaggerated to explain PA. I think it's pivotal to remain convicted to EPS and fundamentals, but it's also increasingly important be be mindful of the prevailing narrative, key debates, and fund flows. $SNDK $SKHY

$nok will acquire a NXP fab in Arizona, initially leasing a portion of the facility starting early 2027 before closing the acquisition of the entire site in Q1 2029. They will convert the site to InP production for optical components. AI & Cloud orders went from EUR 1B in Q1 to EUR 2.8B in Q2 as IP Networks design wins started converting to orders and, we suspect, customers knowing they need to get in the queue quick.