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Tower Semiconductor (NASDAQ:TSEM) and Semtech Corporation (NASDAQ:SMTC) have expanded their long-term manufacturing partnership through a new multi-year agreement designed to increase silicon germanium (SiGe) production capacity for advanced data centre connectivity products. Announced on 13 October 2026, the agreement will provide Semtech with dedicated manufacturing capacity across Tower Semiconductor’s fabrication facilities in the United States,…

Oshkosh Defense, a subsidiary of Oshkosh Corporation (NYSE:OSK), has started manufacturing the first prototype of the Dutch Expeditionary Patrol Vehicle (DXPV), known as the “Kaaiman,” for the Netherlands Ministry of Defence. The development marks a step forward in the company’s efforts to provide the Dutch armed forces with a new military patrol vehicle based on…

Western Digital (NASDAQ:WDC) shares declined 3.6% to $372.95 in pre-market trading on Tuesday after UBS reduced its price target for the data storage company, citing uncertainty surrounding hard disk drive (HDD) supply capacity and future pricing conditions. UBS analyst Timothy Arcuri lowered his price target to $470 from $525 while maintaining a Neutral rating on…

SanDisk Corporation (NASDAQ:SNDK) shares declined 2.8% to $1,445.50 in pre-market trading, extending recent losses as investors assessed the potential impact of new Chinese memory chip technology and questioned whether the sector’s strong profitability could be sustained. The decline followed an announcement from China’s ChangXin Memory Technologies (CXMT) regarding progress in next-generation memory architecture and plans…

Visa (NYSE:V) has received approval from the People’s Bank of China (PBOC) to begin preparations for establishing a domestic bankcard clearing institution, marking an important regulatory development in the US payments company’s efforts to expand its operations in China. The approval, announced on Tuesday, allows Visa to proceed with the formal preparations required to establish…

Micron Technology (NASDAQ:MU) shares declined 2.5% in pre-market trading as concerns about emerging competition from Chinese memory chip manufacturers and potential labour disruption at a major Taiwanese production facility added pressure to the semiconductor sector. The decline extended losses from previous sessions, with Micron shares trading at $964.60, substantially below their 52-week high of $1,255.…

Stellantis (NYSE:STLA) reported a 1% decline in consolidated vehicle shipments during the third quarter of 2026, as weaker performance in North America offset higher deliveries in Europe, where demand for battery electric vehicles supported growth. The multinational automotive manufacturer shipped approximately 1.29 million vehicles during the three months ended 30 September, compared with 1.30 million…

Gold prices moved higher on Tuesday as a decline in crude oil prices provided some support for the precious metal, while investors assessed inflation risks linked to the Middle East conflict and awaited US consumer price data. At 04:47 ET (08:47 GMT), spot gold (XAU/USD) advanced 0.4% to $4,189.12 an ounce, while gold futures gained…