Elon Musk proposes a special committee to explore merging SpaceX and Tesla, a move he calls a 'good idea' and could create a $3.5 trillion company. The merger aims to accelerate collaboration on superintelligence software, building on their existing joint venture, Terafab, which targets a 1-terawatt computing chip by mid-2027. SpaceX’s third-quarter revenues jumped 161%, but analysts warn of future capital demands. Meanwhile, Musk ordered a slowdown in Starlink services for Ukraine, sparking political and military tensions.
ASML’s chip equipment sales to China soar 109% despite US export curb push. The company expects China to account for about 20 per cent of its total sales this year.
The European Union is set to lift a sanction on a Chinese firm after seeking relief from China for sanctions that threatened the survival of Sindlhauser Materials GmbH, an ASML supplier. The available text does not identify the Chinese firm or describe the terms of the proposed relief.
ASML says demand for its chip-printing tools driven by artificial intelligence is so strong that it cannot fully meet customer needs in 2027 and 2028. The company also reports strong interest in orders for 2029 and 2030, indicating that demand extends beyond the nearer-term supply constraints.
