On the bright side....

(NANI Oct. 14) During the SEMICON West conference SEMI released its latest forecast for 12-inch wafer fab equipment spending - projecting global expenditures of $374 billion between 2026 and 2028 reflecting the ongoing wafer fab regionalization and soaring AI chip demand although there is some concern over a potential AI chip market bubble that could reduce demand and slow US fab progress. On the dark side - funding @ the national labs carrying out basic semiconductor research has been paused/rescinded/cancelled depending on which government spokesperson is at attempting to 'explain' the administration's mandates (See link for details).

https://www.politico.com/news/2025/09/30/lutnick-natcast-chips-biden-00576779?nid=0000014f-1646-d88f-a1cf-5f46b7bd0000&nname=playbook&nrid=75650f55-a288-449a-af51-ae023118c008