Chipmaking

• Fundraising and potential IPOs from AI leaders like OpenAI, SpaceX, and Anthropic are prompting investors to seek new growth opportunities across Asia. • While chip giants like TSMC, Samsung Electronics, and SK Hynix have already seen massive gains, capital is now shifting toward components, servers, packaging, connectivity, and energy infrastructure. • Ken Wong of Eastspring Investments notes that these secondary AI-related sectors are becoming more attractive as some primary chipmaker valuations have risen too sharply.

• Lam Research is integrating AI and sensing capabilities into its semiconductor manufacturing tools to increase productivity and efficiency. • The company is planning to expand its operational footprint within the United States, specifically targeting growth in Arizona and California. • Driven by the surge in AI chip demand, Lam's shares have risen over 75% this year as key customers like Micron Technology and TSMC increase tool orders.