🔔 The Daily Semi-Cap — September 16, 2026 📊 SMH: $545.56 (+0.64%) 📈 Earnings: • ALMU — $0.58M rev (est $0.58M), $(0.15) adj. EPS (est $(0.07)). GM 25.6%, -55.8% YoY. Management gave no numerical FY27 outlook as it prioritizes product development and AI-datacom customer engagements; cash reached $56.0M after a $20.1M equity raise. Shares fell roughly 5.5% after hours. 🔥 Major Developments: • Apple is developing enterprise AI inference servers powered by its own chips and has discussed using Nvidia’s NVLink Fusion networking, potentially bringing Apple silicon back into the server market it exited years ago. • Onsemi unveiled its Embedded Power Platform, which uses the silicon wafer itself as the package to integrate silicon, SiC and GaN devices. The company targets 3–5x higher power density; an early AI-infrastructure circuit breaker was about 50% smaller and 20% cooler than existing designs. • Google, Nvidia, Anthropic and 17 energy-sector partners launched the AI Energy Management Alliance to make data-center electricity demand more flexible, pairing hyperscalers with utilities and power producers including National Grid, AES, Constellation, NRG and RWE. • Schneider Electric launched standardized 2–2.5MW prefabricated power modules based on Nvidia GB300 NVL72 reference designs, integrating UPS, batteries and liquid-cooling controls while cutting targeted manufacturing lead times to six months from 12–14 months.