conductor

According to EU-Startups, Cambridge semiconductor startup Tendrils has completed a $30 million seed round financing, approximately €26 million, led by Benchmark, with participation from Visionaries Club, the UK Sovereign AI Fund, FR8, Antimatter, Cloudberry VC, Conviction, Embassy Ventures, and SV Angels, along with several angel investors.The company was founded in 2025 by CEO Nils Cremer and co-founders T6 and Hugo McNally, and is developing a universal processor architecture that allows thousands of cores to work in parallel.The new architecture is based on an interactive network computing model, representing programs as interconnected nodes, allowing independent operations to be executed simultaneously, attempting to break free from traditional shared mutable memory and linear instruction sequences. The company is also developing an open-source programming language called Vine, which has a syntax similar to Rust, making it easier for software to adapt to this parallel-first architecture. Tendrils stated that while GPUs have taken on large-scale numerical computations, AI agents still heavily rely on CPUs for irregular tasks such as executing code and retrieving documents. Jack Altman, general partner at Benchmark and co-founder of Lattice, will join the board.

On November 11, according to the latest market data from the Gate platform, multiple technology stock tokens and leveraged ETFs in the gStocks section recorded increases. Among them, CoreWeave tokenized stock (CRWVG/USDT) rose 15.57% in 24 hours, currently priced at 56.57 USDT; the three times long semiconductor ETF (SOXLG/USDT) increased by 13.91%, currently priced at 62.00 USDT; and the two times long ETF of Maiwei Technology (MVLLG/USDT) rose 12.55%, currently priced at 11.53 USDT.The daily trading volume of Gate gStocks has exceeded 160 million US dollars, and the trading activity of stock tokens on the platform continues to increase. Gate gStocks adopts a 1:1 full native stock reserve mechanism, with each tokenized security corresponding to an equal number of native stocks as underlying asset support, and supports 24/7 trading, unified account management, and a minimum investment of 1 USDT with fractional share trading, covering multiple fields such as AI, semiconductors, electric vehicles, and storage.

According to Jinshi reports, in the third quarter of this year, the concentration of South Korean exports further deepened. Influenced by the prosperity of the semiconductor industry, the gap between large enterprises and small and medium-sized enterprises widened, with the top ten export companies in South Korea accounting for more than 60% of the total export value, marking the first time since records began in 2010.Data released by relevant departments on Tuesday showed that South Korea's total exports in the third quarter surged by 72.3% year-on-year, reaching 318.6 billion USD, setting a record high for a quarter since records began in 2015. The export value of large enterprises grew by 103.5%, with semiconductor manufacturers like Samsung Electronics and SK Hynix being the main drivers, while the export value of small and medium-sized enterprises only increased by 12.8% and 10.7%, respectively. During the same period, semiconductor exports skyrocketed by 219% year-on-year, reaching 148 billion USD, accounting for 46.5% of the total exports, up from 25.1% in the same period last year.

Alibaba Group (09988.HK) announced on the Hong Kong Stock Exchange that the Hong Kong Stock Exchange has confirmed that the company can proceed with the proposed spin-off. Therefore, on September 11, 2026, Pingtouge submitted a listing application form (Form A1) to the Hong Kong Stock Exchange in a confidential manner, seeking approval for the listing and trading of Pingtouge's H shares on the main board of the Hong Kong Stock Exchange.The proposed spin-off is intended to be conducted through a global offering of H shares, including a public offering in Hong Kong and a placement to institutional and professional investors. After the proposed spin-off is completed, it is expected that Pingtouge will continue to be a subsidiary of the company. The proposed spin-off is subject to the approval of the Listing Committee of the Hong Kong Stock Exchange, the completion of the filing with the China Securities Regulatory Commission, and the final decision made by the company and Pingtouge.Therefore, shareholders and potential investors of the company are advised to act cautiously when buying or investing in the company's securities.

The Industrial and Commercial Times reported on November 10 that the supply chain has recently indicated that NVIDIA intends to slow down chip orders. The report stated that NVIDIA's CEO Jensen Huang admitted to infidelity and apologized in a letter to employees on the 8th, U.S. time. The board has initiated an independent investigation to clarify whether it has been targeted by foreign intelligence activities. Foreign media disclosed that some companies authorized to handle the H200 are suspected of being shell companies, raising concerns that chips may be transshipped to mainland China through shell companies and third locations.The report indicated that stricter export reviews and the accumulation of H200 processors in Hong Kong have increased the risk of NVIDIA cutting orders, with upstream supply chain players such as TSMC and ASE being the first to bear the brunt. The supply chain revealed that there have also been rumors of NVIDIA cutting orders in wafer foundry recently, stating that this would benefit other chip manufacturers in obtaining more capacity, including AMD and cloud service providers' self-developed chips. ASIC manufacturers indicated that as long as TSMC can provide capacity, end customers will fully take on the orders. Industry sources pointed out that if NVIDIA releases capacity, companies like WorldChip, Creative, and MediaTek are expected to gain more capacity support.MediaTek estimates that the first AI accelerator aims for approximately $16 billion by 2027 and has already secured a second customer. WorldChip has also obtained a second ASIC order from a major American company and anticipates that revenue will gradually expand next year and the year after. Demand for AMD's data center business continues to exceed existing supply. AMD CEO Lisa Su stated in a recent earnings call that large cloud service providers are expanding EPYC deployments, with increased demand for AI accelerators and cabinets. The Instinct MI455X has been shipped in large quantities, and multiple cloud customers and computing power buyers have activated the first batch of Helios.

According to Bloomberg, the French private equity firm Ardian's semiconductor investment strategy Ardian Semiconductor has completed a fundraising of 1 billion euros, with the fund committing nearly 700 million euros, while the remainder comes from co-investments.In terms of the investment structure, investors from the Middle East and North Africa account for 41%, while French investors account for 24%. The contributors include government agencies, sovereign wealth funds, semiconductor companies, insurance companies, and private wealth clients. This strategy was launched in October 2023, focusing on the semiconductor value chain, primarily investing in European companies while also considering the North American and Asian markets. Invested projects include the French chip company VSORA, which designs AI inference accelerators.

According to Gate quotes, the entire U.S. stock AI hardware industry chain rebounded, with the Philadelphia Semiconductor Index rising by 6.50%. In terms of individual stocks, AMD rose by 12.56%, SanDisk rose by 12.77%, Coherent rose by 12.18%, Seagate Technology rose by 4.25%, Micron Technology rose by 9.78%, Marvell Technology rose by 9.46%, and Lumentum rose by 9.58%; NVIDIA rose by 6.72%, TSMC rose by 7.55%, and Broadcom rose by 4.56%.

According to a report by the Korean News Agency, following the U.S. midterm elections, concerns regarding AI data center regulation have intensified, leading to fluctuations in the stock market. In this context, the South Korean Ministry of Economy and Finance held a seminar with semiconductor experts to examine trends in the relevant industries and future demand prospects.Participants conducted a comprehensive assessment and concluded that, considering the progress of major AI companies' large-scale investments and future plans, as well as the expansion of semiconductor demand brought about by the proliferation of intelligent AI, the medium- to long-term growth expectations for the AI and semiconductor industries remain valid. They noted that despite some concerns in the financial markets, no significant signals have been detected that would lead to a contraction in AI investment or semiconductor demand. Furthermore, taking into account factors such as the expansion of long-term supply contracts for domestic semiconductor companies in South Korea, it is expected that the demand base will remain stable in the short term.

According to data from the Gate stock platform, the Philadelphia Semiconductor Index may record its largest single-day drop since March 2020, currently down 11.48%. Semiconductor and storage stocks are leading the market decline.Seagate (STX) fell 13.71%; Western Digital (WDC) fell 15.26%; SanDisk (SNDK) fell 17.04%; Micron (MU) fell 13.20%; NVIDIA (NVDA) fell 7.23%; Intel (INTC) fell 7.01%; Advanced Micro Devices (AMD) fell 13.53%.

According to Gate Market, the US stock AI hardware industry chain has encountered a collective sell-off, with chips, storage, semiconductor equipment, and optical communication sectors generally experiencing significant declines. The Philadelphia Semiconductor Index fell by 7.25%.In terms of chip stocks, AMD fell by 12.94%, NVIDIA fell by 5.33%, TSMC fell by 6.99%, Broadcom fell by 5.35%, Intel fell by 8.12%, Qualcomm fell by 9.00%, and Arm fell by 10.65%.In terms of storage and hard drive stocks, SanDisk fell by 13.77%, Western Digital fell by 12.78%, Seagate Technology fell by 12.74%, Micron Technology fell by 10.78%, and SK Hynix fell by 9.41%.In terms of semiconductor equipment and optical communication stocks, MKS Instruments fell by 10.03%, Lumentum fell by 12.21%, Coherent fell by 10.53%, Applied Materials fell by 7.15%, Lam Research fell by 8.66%, and ASML fell by 5.98%.

According to Gate market data, the Philadelphia Semiconductor Index fell sharply by 7.2%, reaching a new low since April 20.

Trader degentrading (@degentradingLSD) released a pre-market analysis. Regarding semiconductors, he believes there are many trapped long positions in the sector, and unless a painful liquidation event occurs leading to a V-shaped rebound, any rebound will be limited by selling pressure as prices approach break-even; another possible path is company buybacks, and only MU has the capability to implement this before the expiration of the CHIPS Act-related ban on December 9. He cited Citrini's view that AI capital expenditure growth has peaked, but capital expenditure itself will not stop, just slow down; he personally believes that when growth is priced at zero, any outperformance will bring new upward momentum, thus seeing long opportunities, but he also acknowledges that stock prices may not have bottomed at the current position and could continue to decline.In terms of AI computing power, he pointed out that the previous trading day saw cloud giants rise about 10% while semiconductors fell about 10%, with the market largely attributing this to potential obstacles in new data center construction in the U.S., which would increase the value of existing chips. H100 rents rose 26% year-on-year, GB200 rose 50%, and ORCL disclosed that AI infrastructure utilization reached 98%, which contradicts expectations of computing power depreciation. Regarding Chinese tech stocks, he believes that BABA's rise of about 10% could be a turning point, and if China introduces further policy measures or brings about a strong reversal, coupled with Chinese tech stocks being at historically low valuations.In the cryptocurrency market, he believes BTC is performing strongly, and ZEC is maintaining its gains, with the industry's tailwinds returning as funds move away from the government's original intent. Under expectations of more hostile governments towards cryptocurrencies, policy pressure may actually strengthen the crypto narrative, while policy support could weaken its core supporters.

According to the "Science and Technology Innovation Board Daily," Shanghai Bangxin Semiconductor Technology Co., Ltd. recently completed a B+ round of financing, with a total scale exceeding 600 million yuan. This round was led by Jiangxia Ke Investment Group, with follow-on investments from Bank of China Capital, Changjiang Venture Capital, and other institutions. The funds will mainly be used for the research and development of advanced process equipment, capacity construction, and the establishment of a delivery system in the Central China region.Bangxin Semiconductor was established in 2020 and is headquartered in the Shanghai Lingang New Area. It mainly provides front-end process equipment such as etching, photoresist stripping, and thin film deposition for wafer manufacturing companies. The company's chairman, Wang Zhaoxiang, holds a Ph.D. in Physical Chemistry from the University of Science and Technology of China, and the core team comes from leading domestic semiconductor equipment companies. The company has entered the supply chain of leading domestic memory chip and wafer manufacturing enterprises, with multiple equipment validated by customers and achieving mass installation, with over 100 units expected to be delivered by 2025.Jiangxia Ke Investment Group is also the project initiator for Bangxin's Wuhan project. On April 22 of this year, Bangxin's Central China production base located in the Jiangxia Intelligent Manufacturing Industrial Park in Wuhan commenced construction; on October 28, the first phase of this base officially went into production. The first phase covers an area of over 4,500 square meters and is responsible for assembly, testing, process validation, and delivery. After reaching full production capacity, it is planned to produce 100 semiconductor equipment units annually, with an annual output value of 600 million yuan. The Hubei Provincial Economic and Information Technology Department referred to this project as the first core equipment project for the front-end of the semiconductor industry chain in the Jiangxia District.

Meta has confirmed the acquisition of the AI programming startup Conductor, whose tools support multiple agents in parallel processing software projects.

Gate gStocks has shown active performance on the gainers list, with leveraged ETFs related to the semiconductor industry and technology and healthcare sectors leading the gains in U.S. stock tokens. According to the latest market data from Gate, the Direxion Semiconductor 3x Short ETF (SOXSG/USDT) has risen by 6.37% in the last 24 hours, currently priced at $59.25; the AMD Semiconductor tokenized stock (AMDG/USDT) has increased by 5.25% in the last 24 hours, currently priced at $500.96; and the UnitedHealth Group tokenized stock (UNHG/USDT) has risen by 2.10% in the last 24 hours, currently priced at $407.29.Gate gStocks adopts a 1:1 fully-backed native stock reserve mechanism, where each tokenized security corresponds to an equal number of native stocks as underlying asset support, and supports 24/7 trading, unified account management, and a minimum investment of 1 USDT with fractional trading. Users can participate more flexibly in global popular stock investments, achieving a one-stop allocation of digital assets and traditional securities. As the ecosystem of tokenized securities continues to enrich, Gate gStocks will keep expanding more quality stocks and ETF targets, providing users with a more diverse selection of global asset allocation options.

According to a report by Korean Electronic News on November 3, major global semiconductor equipment companies such as Applied Materials, ASML, Lam Research, Tokyo Electron, and KLA have entered the final stages of equipment supply contracts for 2028, with some companies also beginning discussions on procurement orders for equipment available in 2029. Industry insiders say that there is a surge in demand centered around front-end processes, with a desire to quickly move equipment into fabs. Core equipment partners of companies like TSMC, Micron, and Intel are formulating supply strategies for 2029, and some Korean equipment companies that directly trade with these overseas manufacturers are also reviewing supply plans for two to three years ahead.Discussions on wafer fab equipment supply contracts typically start 6 to 12 months before implementation, with delivery taking about 3 to 6 months after purchase orders are placed. Reports indicate that investment in artificial intelligence infrastructure continues, and semiconductor manufacturers are simultaneously advancing large-scale equipment investments, with equipment delivery times now more than doubled compared to usual, with some categories exceeding 2 years, and related contracts being pushed forward by 1 to 2 years compared to normal. ASML stated during its earnings announcement last month that it expects no interruptions in the supply of lithography equipment until 2028 and is also exploring plans to expand future capacity.An executive from a global equipment company stated that discussing equipment supply three years out at this point is unusual, and combined with the current state of fab investments, this trend is expected to continue until 2030. Another industry insider mentioned that global front-end and back-end investments are proceeding in parallel, and the trend of signing equipment import contracts earlier than competitors may spread to the back-end sector, prompting Samsung Electronics and SK Hynix to take measures to secure core process equipment in advance. Samsung Electronics and SK Hynix are currently continuing to advance their fab investments.

According to Gate market data, the Philadelphia Semiconductor Index is currently up 3.5%, Lattice Semiconductor is up 13.6%, Astera Labs is up 8.5%, and AMD is up nearly 6%.

According to a report by the Korean News Agency, South Korea's Minister of Trade, Industry and Energy, Kim Jong-hwan, stated on November 2 at a public forum of the National Economic Advisory Council held in Seoul that the country will link three major projects: semiconductors, AI data centers, and physical AI, to create a national growth platform. The total investment plan for these three major projects is approximately 160 trillion Korean won, which is about 60% of the annual GDP of South Korea at the project's launch year.The government will promote the semiconductor factory's production timeline by at least two years through measures such as one-stop processing for licensing approvals and the formulation of the "Super Wide Area Special Zone Act." Kim Jong-hwan also proposed the M·E·G·A four major promotion strategies, which are to consolidate national power, encourage participation from all economic entities, create new growth momentum, and expand the effects of the results.

According to Gate market data, NXP Semiconductors (NXPI.O) fell nearly 7% in pre-market trading after the company projected that fourth-quarter sales would be below market expectations.

The Science and Technology Innovation Board Daily cited Wind data stating that by 2026, 76 IPOs had terminated their review, with 13 from the Science and Technology Innovation Board, accounting for 17.1%. In 2025, a total of 50 IPOs were terminated, with only 3 from the Science and Technology Innovation Board, accounting for 6%. The total fundraising scale of terminated IPOs on the Science and Technology Innovation Board in 2026 was 18.248 billion yuan, nearly 5 times the 3.181 billion yuan in the same period of 2025. After entering the fourth quarter, Saikexis and Zhongke Innovation successively terminated their reviews.Among the 13 terminated projects on the Science and Technology Innovation Board, 5 were related to semiconductor and integrated circuit companies, including Wuhan Xinxin, Shanghai Xinyi, Beijing Tongmei, Taosheng Electronics, and Yadian Technology, accounting for approximately 38.5%. Beijing Tongmei was the only project that terminated during the registration phase, accepted on January 10, 2022, submitted for registration on August 1 of the same year, and terminated registration on July 2, 2026, lasting over 4 years. Wuhan Xinxin was accepted at the end of September 2024 and terminated in May 2026, queuing for nearly 600 days, intending to raise 4.8 billion yuan, accounting for about 26.3% of the total intended fundraising of the 13 terminated projects.The duration from acceptance to termination varied significantly. Huihe Medical was accepted on June 30, 2026, and terminated on September 24, taking 86 days, making it the first IPO to withdraw after being selected for on-site inspection this year. Saikexis voluntarily withdrew six months after acceptance, marking the third IPO failure in six years. Huandong Technology was accepted on November 25, 2024, and terminated on September 21, 2026, lasting about 22 months, being the first robot company to terminate an IPO this year, mainly engaged in robotic joint reducers, sponsored by GF Securities. According to the criteria of semiconductors, software equipment, hardware services, etc., there have been 37 IPO listing applications that have become invalid in the Hong Kong stock market this year, compared to 11 in the same period last year.