ASML Holding

Money Moves

Independent signal on the same demand cycle

Applied Materials makes the machines that build chips. On August 13, the company said its equipment business should grow more than 30% in 2026, and its advanced-packaging business more than 50%, both tied to demand for artificial-intelligence chips.

Updated Aug 13

New Capabilities

Barred from selling advanced lithography systems to Chinese customers

In May 2019, the United States placed Huawei, the world's largest telecom equipment maker, on an export blacklist, cutting the company off from American chips, software, and chipmaking tools. Seven years later, Huawei launched its Mate 80 Pro smartphone globally from Madrid, powered entirely by a processor designed in-house and made by China's largest chipmaker using equipment the US tried to deny.

Updated May 29

Money Moves

Q4 2025 revenue €32.7B, 2026 guidance €34-39B, backlog €38.8B through 2027

TSMC manufactures over 90% of the world's most advanced chips. On January 15, 2026, TSMC announced it would spend up to $56 billion this year (a 37% increase from 2025) to expand AI processor capacity.

Updated May 21