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Taiwanese authorities have raided the offices of Supermicro as part of an investigation into the alleged smuggling of Nvidia chips into China.
The Philadelphia Semiconductor Index (SOX) increased by 86% over the last three months, and is up nearly 100% year-to-date.
Demand for memory chips is expected to remain elevated into 2027 or 2028 due to a supply shortage.
Micron recently posted a gross margin of 85%, which is approximately 10 percentage points higher than Nvidia's.
SK Hynix, which holds approximately 57% of the high-bandwidth memory market, is planning a US listing for its American Depositary Receipts (ADRs).
Taiwanese authorities raided the residences of six individuals and the sites of three companies, including Supermicro, Elbitron Technology, and Chief Telecom.
Taiwanese authorities are considering criminalizing the export of high-end chips to China in response to pressure from the United States.
Major US lobbying firms are cutting ties with Chinese tech companies like Alibaba and Tencent due to new restrictions that prevent them from also representing US defense contractors.
Apple is reportedly lobbying US officials for approval to buy memory chips from blacklisted Chinese chipmaker CXMT, according to the Financial Times.
Bloomberg Intelligence projects that SpaceX's revenue could increase by 800% by 2030, driven primarily by data center agreements with its XAI unit.
SpaceX is projected to reach $160 billion in revenue by 2030, with growth largely dependent on the financial turnaround of its XAI unit.
Mirai Asset Securities was the only one of 23 underwriters to receive no stock allocation in the SpaceX IPO.