Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the company includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Utilization - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain best practices in content production and search engine optimization [5]

Group 1 - Wedbush has lowered the target price for GlobalFoundries from $42 to $40 [1] - The rating has been downgraded from "Outperform" to "Neutral" [1]

Upgrades - Clear Street upgraded Plug Power (PLUG) to Buy from Hold with a price target of $3, down from $3.50, citing attractive upside following a recent selloff and noting dilution from convertible refinancing [2] - Keefe Bruyette upgraded TeraWulf (WULF) to Outperform from Market Perform with a price target of $24, up from $9.50, believing investors are underestimating the shift in TeraWulf's bitcoin mining to high performance compute leasing in 2026 and 2027 [3] Downgrades - Wedbush downgraded GlobalFoundries (GFS) to Neutral from Outperform with a price target of $40, down from $42, indicating that while there is potential for stronger revenues and margins, recent developments have delayed the realization of these catalysts [4] - Wedbush downgraded Tower Semiconductor (TSEM) to Neutral from Outperform with a price target of $125, citing valuation concerns as the stock approaches the firm's target price [4] - Truist downgraded DigitalBridge (DBRG) to Hold from Buy with an unchanged price target of $16, following SoftBank Group's all-cash acquisition announcement at $16 per share, with low probability of a competing bid [4] - Raymond James double downgraded OceanFirst Financial (OCFC) to Market Perform from Strong Buy without a price target, expecting significant dilution from the acquisition of Flushing Financial (FFIC) [4] - Raymond James downgraded Flushing Financial (FFIC) to Market Perform from Outperform without a price target, stating the acquisition by OceanFirst was at a fair price given the earnings challenges faced [4]

Group 1 - GlobalFoundries Inc. (GFS) is focusing on future growth in next-generation markets, particularly in optical networking and custom silicon for data center AI and industrial robotics [1] - The company aims to leverage advancements in physical AI to enhance its offerings in industrial robotics [1] Group 2 - The article is authored by Michael Del Monte, a buy-side equity analyst with extensive experience in technology, energy, industrials, and materials sectors [1]

Group 1: Industry Developments - The national biomanufacturing industry in China has reached a total scale of 1.1 trillion yuan, with bioproducts accounting for over 70% of global production [2] - The first high-altitude rock cave computing power cabin intelligent computing center in China has been officially launched, with a total investment of 350 million yuan and the capacity to perform 60 quintillion floating-point operations per second [3] - The "15th Five-Year Plan" proposal from Anhui Province emphasizes strengthening original innovation and tackling key core technologies, particularly in fields like integrated circuits and biomanufacturing [4] Group 2: Artificial Intelligence and Technology - Shandong Province aims for its artificial intelligence terminal industry to exceed 450 billion yuan by 2027, with a focus on producing over 100 million units and nurturing leading enterprises [5][6] - The National Medical Products Administration held a meeting to advance brain-computer interface medical devices, emphasizing safety and innovation in regulatory methods [7] - ByteDance is collaborating with hardware manufacturers like Vivo and Lenovo to integrate AI capabilities into smartphones, aiming to enhance user engagement [7] Group 3: Scientific Breakthroughs - The journal "Science" has identified the growth of global renewable energy as the top scientific breakthrough for 2025, with significant contributions from China [4] - Other breakthroughs include advancements in gene editing for rare diseases and new treatments for gonorrhea, marking significant progress in health-related research [4] Group 4: Financial and Market Insights - Guizhou Moutai retains its position as the most valuable company in China's food industry, valued at 1.9 trillion yuan, with a 1% increase from the previous year [10] - OpenAI is reportedly planning to raise up to 100 billion dollars, potentially reaching a valuation of 830 billion dollars [14] - ChatGPT mobile application has surpassed 3 billion dollars in user spending since its launch in May 2023 [15]

Core Viewpoint - onsemi has entered a collaboration agreement with GlobalFoundries to develop and manufacture advanced gallium nitride (GaN) power devices, starting with 650V, to meet the increasing power demands in various high-growth markets [3][4][5] Group 1: Collaboration Details - The collaboration aims to combine onsemi's expertise in silicon drivers and controllers with GlobalFoundries' 200mm eMode GaN-on-silicon process to create high-performance GaN devices [3][4] - The partnership will focus on delivering optimized GaN devices for applications in AI data centers, electric vehicles, renewable energy, and aerospace, defense, and security [3][6] Group 2: Product Development and Applications - onsemi's GaN portfolio will include power supplies, DC-DC converters, onboard chargers, solar microinverters, energy storage systems, and motor drives, catering to the needs of high-density systems [6][7] - The collaboration is expected to accelerate the development of high-efficiency solutions and resilient supply chains for critical markets [5][6] Group 3: Technical Advantages - GaN technology allows for higher frequency operation, reducing component count and system size while improving efficiency and thermal performance [8] - Integrated functionality of GaN FETs with drivers and controllers in a single package enhances design cycles and reduces electromagnetic interference [9] Group 4: Timeline and Future Outlook - onsemi plans to begin sampling the new GaN devices in the first half of 2026, with a rapid scale-up to volume production anticipated thereafter [4][10]

Core Viewpoint - Nasdaq announced changes to the Nasdaq-100 index, with six companies being added and six companies being removed, effective December 22 [1] Group 1: Companies Added - The following six companies will be added to the Nasdaq-100 index: - Enliven Therapeutics - Ferrovia Group - Insmed - Monolithic Power Systems - Seagate Technology Holdings - Western Digital [1] Group 2: Companies Removed - The following six companies will be removed from the Nasdaq-100 index: - Biogen - CDW - GlobalFoundries - Lululemon Athletica - ON Semiconductor - The Trade Desk [1]

Industry Insights - The global wafer foundry industry is expected to continue benefiting from AI high-performance computing (HPC) and demand for new consumer electronics chips, with advanced processes (7nm and below) significantly contributing to revenue, leading to a quarterly revenue increase of 8.1% for the top ten foundries, reaching nearly $45.1 billion in Q3 2025 [1][7] - Despite the positive outlook for Q3 2025, the industry anticipates a conservative demand shift for mainstream terminal applications in 2026 due to international conditions, with limited growth momentum for capacity utilization in Q4 2025 [1][7] Company Performance - TSMC (Taiwan Semiconductor Manufacturing Company) reported a revenue of approximately $33.1 billion in Q3 2025, a 9.3% increase from the previous quarter, supported by strong demand from smartphones and HPC, increasing its market share to 71% [2][8] - Samsung's revenue remained stable at about $3.2 billion, with a slight increase in capacity utilization but limited contribution to revenue, maintaining a market share of 6.8% [3][9] - SMIC (Semiconductor Manufacturing International Corporation) achieved a revenue of $2.4 billion, a 7.8% increase, driven by improved capacity utilization and wafer shipments [3][9] - UMC (United Microelectronics Corporation) reported a revenue of nearly $2 billion, a 3.8% increase, benefiting from demand for ICs related to smartphones and PCs, with a market share of 4.2% [3][9] - GlobalFoundries maintained its revenue at approximately $1.7 billion, with a slight decline in market share to 3.6% due to competitive pressures [3][9] - HuaHong Group's revenue grew to over $1.2 billion, a 14.3% increase, with improved wafer shipments and ASP [3][9] - Nexchip (合肥晶合) saw a revenue increase of 12.7% to $409 million, surpassing Tower Semiconductor to become the eighth largest foundry [4][10] - PSMC (Powerchip Semiconductor Manufacturing Corporation) reported a revenue growth of 5.2% to $363 million, driven by strong demand for DRAM and improved foundry prices [4][10]

Core Insights - Siemens and GlobalFoundries (GF) have formed a partnership to integrate AI-driven technologies into semiconductor manufacturing, aiming for enhanced efficiency and reliability in production processes [1][3] - The collaboration will focus on advanced AI-enabled software, sensors, and real-time control systems to improve equipment availability and streamline chip production workflows [2][3] Group 1: Partnership Details - The partnership is formalized through a memorandum of understanding (MoU) and will cover areas such as fab automation, electrification, and digital solutions throughout the semiconductor lifecycle [1][4] - Both companies plan to pilot their AI-driven solutions in their manufacturing operations, with the potential to extend successful approaches to other advanced technology sectors [2][3] Group 2: Industry Context - The agreement comes in response to a surge in demand for semiconductors in critical areas like AI, defense, energy infrastructure, and global connectivity platforms [3] - Siemens and GF aim to enhance industrial resilience and secure supply chains through automation [3][5] Group 3: Contributions and Expertise - Siemens offers a range of technologies for industrial, energy, and building automation, as well as software for chip design and manufacturing process management [4][5] - GF contributes specialized process technology and design expertise, particularly through its subsidiary MIPS, which focuses on RISC-V processor IP [6]

Group 1 - The European Commission has approved a €623 million ($729.16 million) aid package from the German government to support the construction of two semiconductor manufacturing plants in Germany [1][2] - The aid consists of two grants, valued at €495 million and €128 million, respectively [1][2] - The larger grant will be provided to GlobalFoundries, a semiconductor foundry that manufactures semiconductor devices for other companies [2] - The second grant will be allocated to X-FAB to support the construction of a new open foundry at its existing site in Erfurt, Germany [2] Group 2 - The European Commission stated that these measures will promote economic activity in Europe and that the facilities will be pioneering [2] - The Commission also noted that these initiatives will have a broader positive impact on the European semiconductor ecosystem [2]