🔔 The Daily Semi-Cap — May 12, 2026

📊 SMH: $561.25 (-2.61%)

📈 Earnings:

• No new semiconductor earnings released today.

🔥 Major Developments:

• Foxconn reportedly began early shipments of all-optical CPO switch racks to NVIDIA from Vietnam, with shipment forecasts revised from 10,000+ units in 2026 to 50,000+ units across 2026–2027 — a major optical-interconnect demand signal.

• Samsung is winding down its last remaining 2D NAND stronghold at Hwaseong Line 12 while Kioxia also exits legacy 2D NAND/early BiCS, tightening low-density NAND supply as MLC 64Gb spot prices sit more than 300% above year-end 2024 levels.

• Qualcomm fell 11.5%, its worst day since March 2020 and the biggest loser in the S&P 500, highlighting how brutally investors are separating AI-levered semis from handset/mobile laggards.

• CME and Silicon Data are launching a futures market for computing power, another sign AI compute is becoming a tradable infrastructure commodity rather than just a cloud service line item.