Micron Technology is investing $9.3 billion to expand its advanced memory chip project, with HBM expected to ship in the second half of 2028.
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Citigroup predicts a mixed outlook for US chip stocks: bullish on Micron Technology, bearish on Qualcomm.
According to Mars Finance, Citigroup analysts stated in a research report: "Given the expected rise in DRAM chip prices in the second half of 2026, Micron Technology is on the 'upside catalyst' watchlist; meanwhile, Qualcomm is on the 'downside catalyst' watchlist due to weak smartphone sales growth." The analysts added, "Fundamentally, the demand for AI computing remains in a state of supply shortage, as reflected in the recent 20% price increase of AWS EC2 GPUs. DRAM shortage is currently the biggest constraint on computing power supply." (Cailian Press)
Apple invests over $30 billion to deepen its partnership with Broadcom and expand its domestic chip manufacturing operations in the United States.
According to ChainCatcher, citing CNBC, Apple announced on Wednesday a multi-year partnership with chipmaker Broadcom, expected to exceed $30 billion. This is Apple's largest commitment to U.S.-made manufacturing to date. Under the agreement, Broadcom will continue to develop and supply customized ASIC chips (increasingly used in AI workloads) and wireless components for cellular networks, Wi-Fi, and Bluetooth connectivity for multiple generations of Apple products until 2031. The report indicates that the partnership is expected to facilitate the production of more than 15 billion U.S.-made chips and includes a $1.5 billion expansion of Broadcom's Fort Collins, Colorado factory. Outgoing Apple CEO Tim Cook stated that this move is the largest single project in Apple's $600 billion U.S. investment plan announced in 2025, aimed at responding to the Trump administration's call to promote domestic manufacturing and helping to establish an end-to-end silicon supply chain in the United States.
Omdia: China's semiconductor market will exceed $800 billion by 2026, with the memory chip market surging by 262.9%.
According to Omdia's latest report, "Semiconductor Applications Forecast Tool (AMFT) - China, Q2 2026," the Chinese semiconductor market is projected to grow at a significantly higher year-on-year rate of 92.9%, reaching $812.08 billion. This represents an overall upward revision of $265.6 billion, or 48.6%, compared to the previous report, "AMFT Shipments: China - Q4 2025 Update" (which projected a 31.26% growth rate for the Chinese semiconductor market, reaching $546.5 billion). Omdia's latest Q2 2026 data also shows that the Chinese semiconductor memory market is projected to grow at a significantly higher rate of 262.9%, reaching $449.6 billion. (Cailian Press)
Broadcom will develop custom ASIC chips for Apple and has agreed to expand its technology collaboration to 2031.
Broadcom filed a document with the U.S. Securities and Exchange Commission on July 6, announcing a multi-year agreement with Apple to extend their long-standing technology partnership into 2031. Under the agreement, Broadcom will develop and supply a range of custom ASIC chips for multiple generations of Apple products. (Jiemian)
In pre-market trading on the US stock market, semiconductor, memory, and optical communication sectors continued their decline, with Micron and SanDisk both falling by more than 5%.
According to Mars Finance, on July 8th, based on BIT (bit.com) market data, semiconductor stocks generally fell in pre-market trading in the US. Marvell Technology (MRVL) fell 4.46%, Arm (ARM) fell 3.51%, Intel (INTC) fell 3.47%, Lam Research (LRCX) fell 3.11%, and Applied Materials (AMAT) fell 2.85%. The memory sector saw the largest declines, with SanDisk (SNDK) falling 5.59%, Micron Technology (MU) falling 5.28%, Western Digital (WDC) falling 4.53%, and Seagate Technology (STX) falling 4.19%. Optical communication concept stocks also came under pressure, with Astera Labs (ALAB) down 4.57%, Applied Optoelectronics (AAOI) down 4.47%, Credo (CRDO) down 4.42%, Corning (GLW) down 4.22%, Ciena (CIEN) down 3.69%, and Coherent (COHR) down 3.44%.
Nasdaq Is Investing $100 Million In Kraken Parent Payward At $21 Billion VALUATION-BLOOMBERG News - Rtrs
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