Chips, compute infrastructure, manufacturing, and physical systems.

Physical design IP, the metric most directly tied to chip tape-out, contracted in Q4 while planning tools grew. That divergence typically shows up as a supply shortfall 18 to 24 months later.











SDA bets $48.9M that a HALO can keep its own procurement model honest — Capella is the first real test
Twelve countries are now building weapons that can reach satellites. The evidence for why that matters is in a 316-page report most policy shops treat as a baseline reference.
A Bulgarian satellite builder and a British defense startup are betting that the same cheap autonomous logic that reshaped Ukraine drone warfare can work in orbit — if the 2027 demo succeeds.
An 11-unit chain that learned to spell LEARN, forgot it, and picked up a new word — without any central processor in the loop.
Hungary just locked in Northrop Grumman to build its first domestically controlled geostationary communications satellite, scheduled for 2030 delivery. The contract is routine procurement — but the program it sits inside is not.
On a zero-G parabola, a 5W laser pushed a graphene aerogel 50mm in 30ms. Back on Earth, the same laser barely moved it. Gravity is the whole problem, and microgravity is the whole point.
NASA's $20B lunar base will run on OT systems that don't yet have mandatory cybersecurity rules. GAO found 16 open gaps across the agency's portfolio. NASA's crisis model for reform won't work here — OT intrusions produce no single dramatic failure.
Somewhere above Earth right now, a spacecraft the size of a mini-fridge is waiting to prove it can extend the life of satellites. Its maker just got $100M to build hundreds more.
A Chinese company published AI-tagged images of US bases in the Middle East. Iran used them to target one base less than 48 hours later. That is the context for the satellite imaging speed race — and it explains why Planet just slowed its own pipeline.
Nvidia has a $1 trillion backlog and a CPO roadmap for 2028. The chip that makes it possible is yielding 60-65% — meaning 35-40% of every wafer is scrap. The power wall is real. The fix is real. The manufacturing is not proven yet.
The crosstalk engineers spend billions suppressing? Kandou treats it as signal energy — and convinced SoftBank and Cadence to bet $225M on the idea.