🔔 The Daily Semi-Cap — September 30, 2026 📊 SMH: $609.00 (+0.35%) 📈 Earnings: • MU — $54.23B rev (est $51.07B), $33.42 adj. EPS (est $31.61). Adj. GM 87.0%, revenue +379% YoY. Guided Q1 to $61.5B rev and $38.15 EPS at the midpoints, both above consensus; shares were roughly flat after hours. 🔥 Major Developments: • Synopsys and OpenAI signed a multi-year agreement to jointly develop GPT-Synopsys, with OpenAI licensing Synopsys EDA tools and the companies sharing revenue and taking the product to market together. • AWS signed a multi-year Synopsys silicon-IP agreement worth more than $1B covering custom chips including Graviton, Trainium, and Nitro, with Amazon becoming the lead customer for Synopsys' application-optimized IP business. • Google unveiled Gemini 4 Argon for long-horizon coding, enterprise, and cybersecurity workflows, expanding maximum output to 1M tokens and initially rolling it out to trusted testers. • Micron confirmed it is working with Nvidia on NVHBM, described as the industry's first custom HBM4E implementation, for next-generation GPUs and NVLink Fusion platforms.