chip

According to Bloomberg, Tenspresso, an AI chip startup founded by former Google AI chip engineers and established just three months ago, is in talks for a new round of financing, with a valuation potentially reaching $500 million, according to sources.A few weeks ago, the company secured $20 million in investment from Striker Venture Partners and completed several key talent recruitments. Since then, Altimeter Capital Management has proactively approached the company to discuss additional investment. The specific amount and terms of the financing have not yet been disclosed, and it is still uncertain whether the deal will be finalized.

According to Wall Street News, the Democratic Party achieved a significant victory in the U.S. midterm elections, with several candidates who clearly opposed the expansion of data centers elected as governors, raising concerns in the market about a slowdown in AI infrastructure investment in the U.S. Asian chip stocks were under pressure on Wednesday, with companies like Samsung Electronics and SK Hynix facing risks that demand for server DRAM and high bandwidth memory (HBM) could be affected.The opposition to data centers mainly focuses on issues such as noise, water consumption, energy consumption, and increased electricity bills for residents. The market is concerned that local governments may tighten project approvals under the pretext of power supply, environmental protection, and AI safety, leading to delays in the construction of new data centers. However, analysts believe that regulation may not directly lead to a shrinkage in investment scale, and tech companies may also turn to building their own power and supporting infrastructure.For South Korean companies, the election results have varying impacts. The Democratic Party's control of Congress may counterbalance the Trump administration's efforts to cut subsidies from the CHIPS and Science Act, benefiting companies like Samsung that invest in the U.S.; the clean energy tax credit policy is also expected to be restored, potentially benefiting solar companies like Hanwha Solutions. Meanwhile, significant easing of automotive tariffs is unlikely, while the Korea-U.S. shipbuilding cooperation framework is expected to continue.

Despite the possibility that the Democratic Party may push for stricter restrictions on data center construction after winning the election, Nvidia's stock price still rose on Wednesday. This is because the positive performance reported by major companies in the chip industry indicates that market concerns about delays in data center construction have not immediately affected Nvidia and other hardware companies.Customers are still rushing to stockpile artificial intelligence hardware, even though it is currently uncertain whether there will be suitable locations to install these devices in the future. The defeat of Republican governors in Texas and Ohio in the election means that the construction of artificial intelligence infrastructure will face stricter scrutiny.Mark Haefele, Chief Investment Officer at UBS Global Wealth Management, wrote in a research report: "Increased oversight from Congress does not necessarily hinder the artificial intelligence investment cycle. Comprehensive federal-level restrictions will face legislative and presidential power constraints, while state and local regulations will still have a greater impact on the timing and location of data center construction." If Democratic politicians indeed push for stringent measures to limit the construction of artificial intelligence data centers, Nvidia will face greater challenges in the future.However, the market is currently more focused on signs that chip demand remains strong after the stock's recent weak performance.

According to a report by Reuters on November 4, citing the Financial Times, Oracle has canceled a multi-billion dollar chip leasing contract with Tencent. The report stated that U.S. officials had expressed concerns to Oracle about the deal, and Oracle abandoned the agreement under pressure from the Trump administration.It was reported that Tencent also hosted high-level officials from Guangdong Province, who requested the company to support domestic chips. Reuters stated that it was unable to immediately verify the above report, and Oracle, Tencent, and the White House did not respond to Reuters' request for comment.The Financial Times reported last month that Tencent signed its largest overseas leasing agreement with Oracle, valued at approximately $7 billion. The five-year agreement covered multiple data centers of Oracle in Southeast Asia and was originally expected to allow Tencent to obtain about 100,000 advanced AI chips that could not be acquired in China due to related restrictions between Washington and Beijing.

According to Bloomberg Technology, Chinese artificial intelligence developers are expected to receive only a small portion of the advanced chips ordered from Nvidia in the coming months, as Nvidia is working to increase production to meet the surge in demand. The report states that Chinese customers are expected to receive only 1% of the ordered RTX chips worth $70 billion.

According to a report by the Science and Technology Innovation Board Daily, AI inference chip company MoXin Artificial Intelligence Technology (Shenzhen) Co., Ltd. recently announced the completion of nearly 1 billion RMB in C+ round financing, with investors including Renai Capital, Haitang Fund, Dongheng Petroleum, Biqiu Capital, Pala Capital, and Zhongcai Capital. The funds will be used for software and hardware upgrades of sparse dedicated inference chips, research and development of the next generation of chips, and collaborative research between industry and academia in sparse computing. The company disclosed that this financing round occurred about 5 months after the previous round of nearly 1 billion RMB, with a total of nearly 2 billion RMB raised across both rounds.In the C round financing disclosed in May this year, institutions such as Shenzhen Capital Group, Greater Bay Area Common Home, Liding Capital, and Yunsheng Capital participated, while existing shareholders like Kaixuan Venture Capital, Shengjing Jiacheng, and Yanshan Technology continued to invest. MoXin was founded in 2018 and is headquartered in Shenzhen, primarily developing AI inference chips, computing cards, and supporting software for data centers and industry clients. Founder and CEO Wang Wei has a master's background in Electronic and Computer Engineering from Carnegie Mellon University and has previously worked at Qualcomm and Intel.The company has launched computing cards such as the S4, S30, and S40, equipped with one, three, and four self-developed Antoum chips, respectively. The company plans to launch a new generation of computing card SP200 by the end of this year and release an upgraded software stack SECA. According to the company, its inference clusters have been deployed in regions such as Northwest, Southwest, East China, and North China, and partnerships have been established with leading telecommunications operators; revenue is expected to grow several times by the third quarter of 2026, but the revenue amount and growth comparison base period have not yet been disclosed.

ChainCatcher reports, according to Rootdata market data, US stocks intraday chip stocks up: MU.O up 3.2%, KLAC.O up 3%, LRCX.O up 2.9%, ARM.O up 2.4%, ASML.O up 2.4%, AMAT.O up 2.4%, NVDA.O up 2.3%, INTC.O up 2.3%, AMD.O up 1.9%, AVGO.O up 1.5%.

Samsung Electronics will build a second wafer fabrication plant in Taylor, Texas, to produce high bandwidth memory chips for AMD and NVIDIA. The plant is expected to break ground this month, utilizing 2-nanometer process technology, covering approximately 2.7 million square feet, and being 1.5 times the size of the first plant.Equipment installation is expected in February 2029, with mass production starting in 2030.

ChainCatcher reports, according to Rootdata market data, US stocks pre-market chip stocks up: LRCX.O up 2.2%, AMD.O up 2%, MU.O up 1.9%, INTC.O up 1.8%, AMAT.O up 1.8%.

According to a report by the Science and Technology Innovation Board Daily on November 3, reporters learned from multiple industry chain insiders that the artificial intelligence company DeepSeek's next-generation large model, DeepSeek V5, plans to be trained based on Huawei's Ascend chips. Previously, the Ascend chips were mainly used for inference tasks of the DeepSeek large model.The report stated that at the end of September this year, DeepSeek open-sourced infrastructure components for the Huawei Ascend computing power platform, covering the TileLang high-level language compilation tool, computing libraries, and distributed communication libraries, which correspond one-to-one with the previously open-sourced components for the NVIDIA platform. The report was written by Huang Xinyi, a reporter for the Science and Technology Innovation Board Daily.

According to reports from People's Financial News, Bao Chengchao, the chief strategist of the research department at CITIC Securities, pointed out in his latest insights that, compared to the global market, the valuation of domestic large-cap blue-chip stocks is at a relatively low level. The A-shares market is the only one among the U.S., Japan, South Korea, and A-shares where the AI relative to non-AI valuation premium is still higher than the historical mean. As of October 22, 2026, the PE ratio of A-shares for AI/non-AI is 4.4 times, which is at the 82nd percentile since 2016, while the same indicator for the U.S., Japan, and South Korea has fallen to the 1%, 17%, and 24% percentiles, respectively.The AI premium in overseas markets has largely been absorbed by the rise in non-AI valuations. The PE ratios for non-AI non-financial leaders in the U.S. and Japan are 33.5 times and 23.0 times, respectively, which are at the 98% and 95% percentiles in history. The overall PE ratio for A-shares related to domestic demand and manufacturing non-AI blue-chip stocks is only 15.6 times, which is at the 21% percentile in history. Bao Chengchao believes that this misalignment indicates that the large-cap blue-chip stocks related to domestic demand and manufacturing in A-shares have relatively ample room for valuation recovery.Bao Chengchao also stated that the realization of this space requires coordination with macro conditions. On the overseas front, if the AI spending cycle gradually approaches a downward turning point, long-term U.S. Treasury rates may also decline, leading to marginal improvements in the demand and valuation environment for global non-AI sectors. Domestically, the clear alignment of fiscal and monetary policies places a focus on expanding domestic demand, with increasing signals of marginal improvement in core indicators of domestic demand. If the decline in overseas interest rates and the recovery of the domestic economy create a phase resonance, the profit expectations and valuation constraints of large-cap blue-chip stocks in A-shares are expected to recover simultaneously.

ChainCatcher reports, according to Rootdata market data, US stocks after-hours chip stocks up: MRVL.O up 1.5%, AMAT.O up 1.5%, ARM.O up 1.3%, MU.O up 1.1%.

According to Gate market data, U.S. chip stocks generally rose, with Nvidia up 1.5% and SK Hynix up 3.3%. Texas Instruments rose 1.9%, and Qualcomm rose 2.6%. Tempus AI unexpectedly turned a profit in the third quarter, with its stock price rising 6.2%.

ChainCatcher reports, according to Rootdata market data, US stocks intraday chip stocks down: MRVL.O down 5%, INTC.O down 2.8%, ARM.O down 1.5%.

According to Marvell's announcement, the company has reached a final agreement to acquire Lumentum in an all-stock transaction.The agreement stipulates that Lumentum shareholders will receive 4.500 shares of Marvell common stock for each share they own, implying an enterprise value of approximately $115 billion for Lumentum, equivalent to about $1132 per share, representing a premium of approximately 23.9% over the closing price on October 28, which was unaffected by rumors. After the transaction is completed, existing Marvell shareholders will hold about 67%, while Lumentum shareholders will hold about 33%.Both parties stated that the merger will integrate Marvell's capabilities in electrical and optical interconnects, switching, and custom chips, along with Lumentum's strengths in high-performance lasers, optical transceiver modules, and optical circuit switching, aiming to create a full-stack connectivity portfolio for AI infrastructure and expand the addressable market size to approximately $550 billion.The transaction is expected to achieve over $1 billion in annualized operating cost synergies and is anticipated to enhance Marvell's non-GAAP earnings per share in the first year post-closing. The closing is expected in the first half of 2028, pending approval from both parties' shareholders and regulators. After the closing, Matt Murphy will continue to serve as Chairman and CEO, and three directors from Lumentum, including CEO Michael Hurlston, will join Marvell's board of directors.

ChainCatcher reports, according to Rootdata market data, US stocks pre-market chip stocks up: MRVL.O up 2.9%, ARM.O up 2.7%, MU.O up 2.5%, LRCX.O up 2.5%, AMD.O up 2.2%, AMAT.O up 2.2%, TSM.N up 2.2%, KLAC.O up 2%, ASML.O up 1.7%.

According to statistics from Cai Lian She Venture Capital Tong, 76 chip design companies on the Sci-Tech Innovation Board have disclosed their third-quarter reports, among which 67 companies have positive revenue growth (accounting for 88.16%), and 53 companies have positive net profit attributable to shareholders (accounting for 69.74%). The industry as a whole is recovering, with storage and computing power becoming the two main lines of performance elasticity.The storage segment performed outstandingly, with Changxin Technology achieving revenue of 269.024 billion yuan in the first three quarters, a year-on-year increase of 738.5%; Baiwei Storage reported revenue of 21.717 billion yuan, a year-on-year increase of 230.3%; and Dongxin Co., Ltd. reported revenue of 3.292 billion yuan, a year-on-year increase of approximately 475%. The computing power and interconnect segments followed closely, with Cambrian achieving revenue of 9.526 billion yuan, a year-on-year increase of 106.8%; Haiguang Information reported revenue of 14.955 billion yuan, a year-on-year increase of 57.6%; and Lanke Technology reported revenue of 5.414 billion yuan, a year-on-year increase of 33.4%.In addition, among the 28 companies that reported losses in the same period last year, 13 have turned losses into profits, and 6 have narrowed their losses. Overall, the chip design segment has entered a structurally prosperous phase driven by demand for AI infrastructure.

According to a report by Nikkei Asia citing Reuters, data released by the South Korean government on Sunday showed that South Korea's exports in October rose by 93.7% year-on-year to $115.28 billion, slightly above the median expectation of 93.2% from a Reuters survey of economists. This increase surpassed September's 83.7%, marking the largest rise since January 1974, also influenced by the timing difference of the Mid-Autumn Festival, resulting in more working days compared to the same period last year.Minister of Trade, Industry and Energy Moon Sung-wook stated that October's exports continued to maintain growth above $110 billion, with exports expected to reach $1 trillion within November this year. From January to October, total exports amounted to $930 billion. An annual export exceeding $1 trillion would make South Korea the fourth country to reach that scale after the United States, China, and Germany.The Ministry of Trade reported that semiconductor overseas sales surged by 259.4% year-on-year to $56.44 billion, with prices and shipment volumes remaining high, related to ongoing facility investments by major global tech companies competing for leadership in the artificial intelligence industry. Computer sales increased by 496.6% due to rising demand for servers for AI services. Exports to China increased by 133.6%, to the United States by 185.8%, to Europe by 56.4%, and to Southeast Asia by 128.0%. Imports rose by 36.0% year-on-year to $72.78 billion, resulting in a monthly trade surplus of $42.50 billion.