🔔 The Daily Semi-Cap — September 18, 2026 📊 SMH: $573.00 (+2.21%) 📈 Earnings: • No new semiconductor earnings released today. 🔥 Major Developments: • Nvidia-backed Nscale filed for a U.S. IPO under the ticker NSCL, disclosing $103.4B of active and contracted total contract value as of August 31. • SK hynix subsidiary Solidigm is evaluating its first U.S. NAND fab, targeting an East Coast production base as AI-driven enterprise SSD demand tightens supply. • CXMT is preparing a NAND R&D production line at its new Beijing fab, expanding beyond DRAM and discussing AI and supercomputing storage applications with prospective customers. • SK hynix’s U.S. ADR will enter SMH at an approximately 5% weight effective September 21, replacing Skyworks and driving an estimated $3.4B of passive demand.