Fabuless
A weekly briefing on the fabless semiconductor industry — for investors who track chips seriously but don't want to wade through PhD-level technical writing.
Latest Issue
Week of May 20, 2026COMPUTEEE Times
Analog Devices is acquiring Empower Semiconductor, a maker of integrated voltage regulators that can be placed directly inside AI processor packages to deliver power closer to the compute die. The deal positions ADI to compete more directly with Monolithic Power Systems, Infineon, and Vicor in the fast-growing data center power delivery market, where rising GPU power draw has made advanced voltage regulation a critical bottleneck.
GEOPOLITICS & POLICYEE Times
ASML and Tata Electronics signed a strategic partnership to supply lithography equipment to India's first 300-mm semiconductor fab in Dholera, Gujarat. The deal marks ASML's entry into India's nascent chipmaking ecosystem and supports Tata's broader push into foundry operations under the country's semiconductor incentive program.
CAPITAL FLOWSFinancial Times
Cerebras Systems raised $6.4B in its IPO, with the AI chip designer's strong reception signaling renewed investor appetite for tech listings. The deal is being read on Wall Street as a precursor to a wave of high-profile IPOs expected from SpaceX, OpenAI, and Anthropic.
GEOPOLITICS & POLICYFinancial Times
China's Cyberspace Administration ordered domestic tech companies including ByteDance and Alibaba to halt purchases of Nvidia's RTX Pro 6000D — a chip designed specifically for the Chinese market to comply with US export controls — during CEO Jensen Huang's July visit to Beijing. The move is part of a broader push to support domestic AI chipmakers like Huawei and Cambricon.