➀ Micron Technology is investing $50 billion in U.S. memory chip manufacturing; ➁ The investment is supported by a $6.1 billion grant from the CHIPS and Science Act; ➂ The goal is to strengthen domestic memory chip production and U.S. economic and national security.

1. Brookfield Corporation has delivered a 77% total return since the Buy rating in May 2023; 2. The company excels in managing hard assets like infrastructure, real estate, and power generation; 3. Despite impressive returns, shares remain attractive due to robust growth outlook and undemanding valuation.

➀ The SEMI reports a surge in wafer factory investments due to market recovery and government incentives, with global capacity expected to grow by 6% in 2024 and 7% in 2025. ➁ The US, Europe, and Japan are leading the chip manufacturing race, with over 100 new wafer factories expected to be built in the next five years. ➂ Malaysia, India, and Vietnam are actively seeking to establish themselves as major players in the semiconductor industry, with ambitious plans and investments.

1. Synopsys is a high-quality company with a competitive advantage in the semiconductor industry; 2. SNPS's moat is built on high switching costs and a vast IP library; 3. The potential acquisition of Ansys could significantly boost Synopsys's TAM and competitive strength.

1. High-quality REITs are currently trading at discounts due to a hawkish Fed, offering significant upside potential and strong dividend yields. 2. Agree Realty has transformed its portfolio, boasts solid debt metrics, and offers a well-covered 4.1% dividend yield. 3. Realty Income's diversified portfolio and A-rated balance sheet support its 5.1% dividend yield, with shares trading below normal valuation.

➀ A local promotional unit in Juarez, Mexico, is offering 1 million square meters of industrial land for free, with background checks and notarization available; ➁ The land is guaranteed to have three connections and one flat, with assistance in solving issues like water, electricity, gas, environmental assessment, and infrastructure; ➂ The promotion targets manufacturing companies with scale and delivery capabilities, and those able to drive several partners in the supply chain to the area; ➃ Juarez, a significant city in northern Mexico, is strategically located near the US border and has a strong talent pool; ➄ The region is experiencing a new wave of industrial development, attracting major companies like TCL, CommScope, and others.

1. The Schwab U.S. Large-Cap Growth ETF (SCHG) has demonstrated strong historical returns and aggressive Mag 7 exposure. 2. With a 48.7% IT sector weighting and a 0.04% expense ratio, SCHG is poised for significant growth despite potential tech sector volatility. 3. SCHG has outperformed the Vanguard Growth ETF with a 148.7% return over five years, making it ideal for growth investors seeking diversified exposure to leading tech stocks and sustainable wealth building.

➀ Wuhan Xinxin IC Co., Ltd., a subsidiary of Yangtze Memory Technologies, has received approval for its A-share market IPO application, marking the first IPO in the capital market this下半年. ➁ As a leader in the NOR Flash market, Wuhan Xinxin is expected to raise 4.8 billion RMB through the IPO, with 43 billion RMB allocated for a 12-inch IC manufacturing line and 5 billion RMB for research and development. ➂ The company, with a strong R&D team and a substantial number of patents, aims to become a leading manufacturer in the 3D semiconductor era.

➀ Malaysia is competing with Singapore, Vietnam, and Thailand to attract investments from big tech companies; ➁ Penang, Selangor, and Johor are leading the tech charge in Malaysia, focusing on semiconductor manufacturing and data center development; ➂ Penang aims to tap into the front-end chip manufacturing supply chain, while Selangor seeks to be a powerhouse in integrated circuit design; ➃ Johor has become the largest data center market in Malaysia, driven by multinational corporation investments; ➄ Challenges include filling a 60,000-engineer gap to meet semiconductor industry demand.

➀ Russia has allocated over 240 billion rubles ($2.54 billion) to support the development of domestic semiconductor manufacturing equipment, CAD tools, and raw materials. The goal is to achieve domestic substitution for about 70% of foreign semiconductor equipment and materials by 2030. ➁ Over 50 organizations are involved in the implementation of this plan, with 110 projects in total. ➂ The Russian government aims to develop domestic alternatives for about 70% of the equipment and raw materials required for microelectronics production, focusing on technologies from 180nm to 28nm.

➀ Dell'Oro reports a 10% YoY decline in global telecom capex in H1 2024; ➁ Operators are scaling back investments in 5G and fixed broadband due to factors like inventory build-up, weaker demand in key regions, and technology monetization challenges; ➂ Global carrier revenues are expected to grow at a 1% CAGR over the next three years.

1. The market requires Cadence to grow 17% annually to be fairly valued; 2. Cadence's critical position in the chip industry may still make it undervalued; 3. Cadence and Synopsys have a virtual lock on the market with limited competitors.

➀ Shanghai Siyuang Technology Co., Ltd. (Siyuang Technology) has completed the listing guidance registration with Shanghai Securities Regulatory Bureau and is preparing for an IPO. Siyuang Technology is a super unicorn in the AI chip field, founded by Zhao Lidong, a graduate of Tsinghua University's Radio and Telecommunication Engineering Department 85th class. The company has raised nearly 7 billion yuan in financing, with Tencent being one of the largest investors. According to Hurun Research Institute, Siyuang Technology is valued at 16 billion yuan, ranking 482nd in the Global Unicorn List. ➁ Siyuang Technology has chosen to focus on AI training chips, a field with high difficulty and high barriers. The company has developed a series of AI training and inference chips, providing underlying computing power for Internet companies, cloud service providers, operators, and research institutions. ➃ The domestic AI chip market is facing challenges such as high cost of migration and technical support. Siyuang Technology needs to consider how to commercialize its computing centers. The article discusses the challenges and opportunities for Siyuang Technology and other domestic AI chip companies as they prepare for the IPO.

➀ KP Management LLC increased its stake in ASML Holding by 66.7% during the second quarter; ➁ The fund now owns 5,000 shares of ASML's stock, valued at $5,114,000; ➂ ASML makes up 1.8% of KP Management LLC's portfolio, its 21st largest holding; ➃ Several hedge funds and institutional investors have also modified their holdings in ASML; ➄ Analysts have provided price targets and ratings on ASML, with a consensus rating of 'Moderate Buy'; ➅ ASML Holding reported earnings per share of $4.01 for the quarter, exceeding estimates; ➆ The company increased its dividend by $0.538 per share, to $1.8732.

➀ Foxconn is set to invest up to ₹424 crore in a semiconductor joint venture with HCL Group; ➁ The investment includes a 40% stake purchase for nearly ₹312 crore; ➂ The total accumulated holding will not exceed ₹424 crore with a cumulative shareholding ratio adjustment based on actual capital increase.

1. Celestica stock has underperformed the market since its peak in July 2024; 2. CLS is exposed to secular AI growth tailwinds; 3. CLS stock is dirt cheap and valued well below its sector median.

➀ In the 14th century, Dick Whittington set out for London believing its streets were paved with gold, much like Palo Alto today; ➁ Sam Altman, worth $2 billion, made his first real money in 2012; ➂ OpenAI is seeking $65 billion for expansion, with current spending at $7 billion and expected revenue of $3.7 billion

➀ Powerchip Semiconductor, the Taiwanese foundry, has abandoned its plan to build a fab in Japan in favor of constructing one in India. The company had previously entered into a partnership with SBI Holdings to build a 40k wpm fab in Sendai, Japan, starting with 40nm technology and moving to 28nm with volume production scheduled for 2027. The partnership has now been dissolved as Powerchip seeks to provide technology for a fab to be built in India by Tata. ➁ Last week, Indian Prime Minister Narendra Modi met with Natarajan Chandrasekaran, chairman of Tata, and Powerchip chairman Frank Huang, where PSMC expressed interest in expanding its presence in India. ➂ Powerchip and Tata have agreed to collaborate on a fab in Gujarat, India, with Tata providing the funding and Powerchip providing the process technology for PMICs and display drivers.

1. For prudent retirement income seeking investors, securities with sound balance sheets, conservative cash flow profiles, and at least above inflation-level growth prospects should be considered. 2. Strategic investments could also be tactically attractive for near to medium-term returns. 3. The article presents two investments that are recommended for defensive income investors.

1. Despite Warren Buffett's investment, Occidental Petroleum's technical outlook is bearish across all time frames; 2. OXY lacks significant support and is overvalued relative to its historical growth figures; 3. Daily, weekly, and monthly analyses all confirm a downtrend with no signs of reversal, indicating further downside is likely.