Q3 2025 Quarterly Market Insights 2 - Flipbook - Page 6
Geopolitics, strategic supply-chain
considerations & corporate strategy
Export controls & national
security policy
Vertical integration and onshore incentives
Market concentration
in memory
Ongoing U.S. export controls
and allied policies affected
supplier relationships and vendor
roadmaps, prompting customers
to re-engineer supply chains and
diversify suppliers for critical AI
components. This also affected
decisions on siting advanced
packaging and memory assembly.
IDMs and foundries leaned
towards deeper vertical integration
and local partnerships to capture
government funding and reduce
critical-path dependencies
(e.g., packaging and substrate
ecosystems near new fabs).
Micron, SK Hynix and other
suppliers of HBM and DRAM were
focal points for investors and
policymakers due to the strategic
importance of memory in AI
workloads; Micron’s Q3 remarks
highlighted HBM as particularly
high-value yet constrained.
Largest Companies by Market Capitalization
NVIDIA 4.308T
Broadcom Inc
TSMC
1.602T
Samsung
399.36B
QUALCOMM
187.26B
6
1.455T
ASML
380.37B
Micron
Technology
180.97B
SK Hynix
175.24B
AMD
261.08B
Texas
Instruments
167.67B
