🔔 The Daily Semi-Cap — September 11, 2026 📊 SMH: $568.53 (+1.47%) 📈 Earnings: • No new semiconductor earnings released today. 🔥 Major Developments: • Tencent-backed Enflame surged 188% in its Shanghai debut, reaching a $26.3B market value after raising roughly $910M. The retail tranche was oversubscribed more than 4,000 times, underscoring intense demand for China’s domestic AI-chip challengers. • NVIDIA’s vLLM stack supported DeepSeek V4.1 Flash across H100, H200, B200, B300, GB200, and GB300 systems on day zero, while AMD’s referenced ROCm image remained unavailable 23 hours after launch—a sharp reminder that software readiness remains a key accelerator moat. • August CPI held at 3.4% YoY, but semiconductors rebounded as the broader market rallied: SMH gained 1.47%, ON Semiconductor jumped roughly 8%, and AMD and Intel each rose about 2.5%. • SemiAnalysis acquired Citrini Research, combining two influential independent research platforms spanning semiconductors, AI infrastructure, and thematic investing. Citrini founder James van Geelen will continue leading the business; financial terms were not disclosed.