Shares of semiconductor and chip companies are trading higher after Micron Technology's strong Q4 financial results and guidance demonstrated growing demand. The sector may be reflecting traders' bullish position in South Korea's KOSPI and Japan's Nikkei.

Onto Innovation's Q3 Revenue Outlook: Can Sales Hit $400M?

Onto Innovation raised its Q3 2026 revenue guidance to $380M-$400M and increased full-year advanced packaging growth outlook to 80% from 50%, driven by strong demand for Dragonfly inspection products and advanced nodes. The company's record backlog exceeded $1.1B with 60-70% relating to 2026, supporting second-half revenue growth of at least 25% and operating margins reaching 32-33%.

Applied Materials Increases Strategic Investment in BE Semiconductor Industries

Applied Materials has entered into an agreement to increase its stake in BE Semiconductor Industries (Besi) to approximately 20% of outstanding shares.

8-K filing — APPLIED MATERIALS INC /DE (AMAT)

Filed: 2026-10-26 AccNo: 0001628280-26-067303 Size: 209 KB Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits

Analyst Maintains Buy Rating and $700 Price Target for Applied Materials

AllianceBernstein analyst Stacy Rasgon has reaffirmed a 'Buy' rating and a $700 price target for Applied Materials (AMAT).

AXT, Inc. Announces Up to RMB 3.67 Billion (Approximately US$545 Million) in Private Equity Financing for Subsidiary Tongmei

AXT, Inc. announced that its majority-owned subsidiary, Beijing Tongmei Xtal Technology Co., Ltd. (Tongmei), has entered into definitive agreements for a private equity financing of up to RMB 3.67 billion.

AXT Subsidiary Tongmei Secures Private Equity Financing Of Up To $545M To Expand Manufacturing Capacity For Indium Phosphide Semiconductor Substrates