DIGITIMES: News and Insight of the Global Supply Chain

Beyond AI: Resilient consumer demand widens semiconductor supply crunch

Scarlett Yu — Thu, 16 Jul 2026 07:06:35 GMT

Reports of lengthening semiconductor lead times have become increasingly common in recent months, highlighting that the imbalance between chip supply and demand has not eased but is instead spreading across a broader range of end markets. Taiwanese IC design companies believe that while booming cloud AI investment remains the primary driver behind today's capacity constraints across semiconductors and electronic components, resilient demand outside the cloud AI sector has also played an equally important role in keeping the market tight.

As Trump pushes chips onshore, Netlist's ITC memory bid could keep Samsung, Nvidia offshore

DIGITIMES — Thu, 16 Jul 2026 06:59:45 GMT

A US trade agency has opened an investigation that could block imports of the DDR5 server memory and high-bandwidth memory (HBM) feeding the AI data center boom, handing a small California patent holder a border lever that runs parallel to President Donald Trump's campaign to force chip production back onto US soil.

TSMC 2Q26 profit surges 77% to a record on AI demand, first 2nm revenue

DIGITIMES — Thu, 16 Jul 2026 06:32:11 GMT

TSMC reported record second-quarter 2026 results on July 16, with revenue, profit, and earnings per share all surpassing market expectations, underscoring sustained demand for AI and high-performance computing (HPC) chips.

InP substrates emerge as strategic asset as optical engine supply chain heads for reshuffle

Scarlett Yu — Thu, 16 Jul 2026 06:29:43 GMT

As AI server interconnects advance toward 1.6T and co-packaged optics (CPO), high-power continuous-wave (CW) lasers are becoming a strategic battleground for global technology companies. At the heart of these optical engines, indium phosphide (InP) manufacturing is shifting toward larger 4-inch and 6-inch wafer production. While existing suppliers have yet to fully meet growing demand, Taiwanese companies may find an opportunity to break into the market by addressing the widening supply gap.

CXMT IPO raises fresh capital, but its own prospectus map shows distance still to close

DIGITIMES — Thu, 16 Jul 2026 06:26:25 GMT

The IPO prospectus filed by Changxin Memory Technologies (CXMT) ahead of its planned listing on Shanghai's STAR Market offers an unusually candid portrait of the global DRAM industry it is entering, including detailed profiles of the three incumbents it must eventually displace, and a frank accounting of how far behind it still sits.

Groups urge EU interim measures against Broadcom amid VMware antitrust case

DIGITIMES — Thu, 16 Jul 2026 06:17:08 GMT

A European industry group, the Cloud Infrastructure Services Providers in Europe (CISPE), has joined four other trade organizations in calling for the European Commission to impose interim measures while it processes an antitrust case against Broadcom. The case concerns recent licensing changes made by the chip designer on the virtualization platform VMware.

Apple lawsuit targets OpenAI's AI hardware ambitions

Lily Hess — Thu, 16 Jul 2026 06:12:51 GMT

Apple has sued OpenAI for allegedly stealing trade secrets, but the real fight is over who controls the entry points of AI. As LLM technology converges, the case shows that competition is shifting back to a fundamental question: on what device, and in what way, will users use AI?

MCU lead times stretch, but industry holds the line against a pandemic-style order rush

Scarlett Yu — Thu, 16 Jul 2026 05:59:10 GMT

Microcontrollers (MCUs), widely used across industrial automation, medical devices, and consumer electronics, are experiencing longer delivery times as both wafer fabrication and semiconductor packaging lead times continue to extend. Industry suppliers said customers accelerated orders and pulled in shipments during the first half of 2026 amid rising prices across the supply chain, with urgent orders also on the rise.

Cadence launches agentic AI platform for PCB and package design

DIGITIMES — Thu, 16 Jul 2026 05:53:37 GMT

Cadence has launched the AuraStack AI Super Agent on Allegro AI Studio, positioning it as the world's first agentic AI platform for printed circuit board (PCB) and advanced packaging design.

Baiwei Storage forecasts sharp first-half profit surge on AI memory demand

DIGITIMES — Thu, 16 Jul 2026 05:48:08 GMT

Shenzhen Baiwei Storage Technology said its first-half 2026 revenue and profit are likely to rise sharply, highlighting how the global AI boom is reshaping demand for memory chips and related equipment. The company's preliminary figures suggest stronger orders, improved product mix, and a recovering storage market that could matter for investors worldwide.

Samsung turns to titanium to reduce screen creases in next foldables

DIGITIMES — Thu, 16 Jul 2026 05:41:06 GMT

Samsung Electronics unveiled a new titanium-based display structure on July 15, designed to reduce screen crease visibility while improving durability and preserving a slim profile in its next generation of Galaxy foldable devices.

Everlight shifts automotive product production to Thailand, sells Taiwan Tongluo site

Eifeh Strom — Thu, 16 Jul 2026 05:40:30 GMT

Commentary: Xi Jinping elevates Sovereign AI, diplomacy, ecosystems into China's next AI strategy

Levi Li — Thu, 16 Jul 2026 05:38:27 GMT

The 2026 World Artificial Intelligence Conference (WAIC) opens in Shanghai on July 17, with Chinese President Xi Jinping set to attend and deliver a keynote speech.

Hanmi, Hanwha clash in court over HBM equipment patents

DIGITIMES — Thu, 16 Jul 2026 05:37:27 GMT

Hanmi Semiconductor and Hanwha Semitech clashed in a Seoul courtroom over patents covering thermocompression bonders, or TC bonders, critical equipment used to stack DRAM chips vertically in high-bandwidth memory, or HBM.

India trims chip subsidies but widens their reach as it courts electronics supply chain away from China

DIGITIMES — Thu, 16 Jul 2026 04:17:45 GMT

India approved two large incentive packages on July 15 that together recast how New Delhi subsidizes electronics manufacturing: learner-per-project chip subsidies spread across a much broader slice of the value chain, paired with a new smartphone scheme designed to reward domestic components and homegrown brands rather than assembly alone. The twin moves signal a shift from simply attracting fabs and iPhone assembly toward deepening local value addition, as India tries to pull more of the global electronics supply chain away from China.

CXMT outspends all peers on R&D as a share of revenue, IPO filing shows

DIGITIMES — Thu, 16 Jul 2026 04:10:34 GMT

Across almost every competitive metric disclosed in its STAR Market IPO prospectus, Changxin Memory Technologies (CXMT) trails the established leaders of the global DRAM industry. There is one conspicuous exception: the share of revenue the company devotes to research and development has exceeded every peer in the comparison group for three consecutive years — and by a wide margin.

LG Electronics ramps up actuator hiring as AXIUM production starts early

DIGITIMES — Thu, 16 Jul 2026 04:10:19 GMT

LG Electronics is expanding hiring for its robotic actuator business after reportedly starting AXIUM production months ahead of schedule, as the South Korean company builds the development, sales and quality-management capabilities needed to supply its own robots and outside humanoid manufacturers.

Commentary: Ennoconn-Kontron deal highlights physical AI supply chain reshuffle

Charlene Chen — Thu, 16 Jul 2026 04:07:23 GMT

AI technologies and applications have matured rapidly in recent years. That has driven trends such as edge AI and physical AI. The shift has also affected industrial computer (IPC) makers, which have long focused on end-point applications on the factory floor and at other field sites.

China's TPU path gains traction with low-cost AI inference challenging GPU economics

Levi Li — Thu, 16 Jul 2026 04:06:50 GMT

Generative AI applications are expanding rapidly, making computing costs a growing bottleneck to commercial AI deployment. The AI accelerator market, long dominated by graphics processing units (GPUs), has increasingly explored specialised architectures in recent years. Tensor Processing Units (TPUs), optimised for the matrix operations used by AI models, have again drawn industry attention.

AWS showcases Trainium, Inferentia and Graviton in Taiwan, home to over 90% of advanced chip production

Levi Li — Thu, 16 Jul 2026 04:03:15 GMT

Amazon Web Services opened its 2026 AWS Summit Taipei on July 15, placing AI agents, custom chips and enterprise AI adoption at the center of its annual cloud and AI conference.

Starlink's Taiwan entry gains momentum as Chunghwa Telecom seeks exclusive partnership

Scarlett Yu — Thu, 16 Jul 2026 03:59:44 GMT

Taiwan's Legislative Yuan Transportation Committee approved amendments to Article 36 of the Telecommunications Management Act in its first reading on July 13, significantly relaxing restrictions on foreign ownership and nationality requirements for satellite operators. The move is widely viewed as paving the way for SpaceX's Starlink to enter the Taiwanese market.

Samsung weighs outsourcing Google TPU back-end design as 2nm demand grows

DIGITIMES — Thu, 16 Jul 2026 03:58:35 GMT

Samsung Electronics is considering outsourcing some or all of the back-end design work for an input/output die in Google's reported 10th-generation tensor processing unit, as growing demand for Samsung's 2nm foundry process reportedly stretches its internal engineering resources.

Nvidia expands Japan AI partnerships with Kawasaki, Toyota, and industrial leaders

DIGITIMES — Thu, 16 Jul 2026 03:57:49 GMT

Nvidia unveiled a series of new partnerships in Japan on July 16, 2026, highlighting the growing adoption of AI across manufacturing, robotics, automotive, healthcare and data center infrastructure. The announcements coincided with CEO Jensen Huang's visit to Japan, where the company showcased its latest physical AI technologies and deepened collaborations with several of the country's leading industrial groups.

CXMT IPO filing reveals Micron and Samsung alumni at heart of China's DRAM push

DIGITIMES — Thu, 16 Jul 2026 03:57:06 GMT

The IPO prospectus of Changxin Memory Technologies (CXMT), filed ahead of a planned listing on Shanghai's STAR Market, lays bare the international talent base the company has assembled to compete against the established leaders of the global DRAM industry — and raises a subtler question about the residency arrangements of its founder.

Korean prosecutors raid Rambus, Montage, and Renesas as memory-interface chip probe goes global

DIGITIMES — Thu, 16 Jul 2026 03:49:48 GMT

South Korean prosecutors have opened a criminal front in a widening international investigation into alleged price-fixing of the small but critical chips that link AI processors to high-speed memory, raiding the local operations of three global suppliers on July 15.

Gotion High-Tech expects 1H26 profit to more than triple on market gains and expansion

DIGITIMES — Thu, 16 Jul 2026 03:46:29 GMT

Gotion High-Tech said its first-half earnings are set to rise sharply, a result that could matter for battery investors and electric-vehicle supply chains worldwide. The Chinese maker cited stronger sales, product upgrades, overseas expansion, and gains from stock investments, while warning the figures are still preliminary and unaudited.

OnePlus's rumored Western exit signals deeper strain from the memory crisis for phone brands

DIGITIMES — Thu, 16 Jul 2026 03:44:16 GMT

OnePlus, an Android brand that once cultivated a devoted following among enthusiasts, is reportedly preparing to cease operations in the US and Europe as early as this week, a withdrawal that reads less like an isolated stumble than a symptom of a smartphone market where soaring component costs are pricing value-focused vendors out.

Jensen refutes Vera Rubin's delay, continuing Nvidia's running rebuttal of the rumor mill

DIGITIMES — Thu, 16 Jul 2026 03:41:26 GMT

Nvidia co-founder and chief executive Jensen Huang used a developer event in Tokyo on July 15 to reject reports that manufacturing problems could delay its next-generation AI accelerator systems, telling reporters the claims were "not true" and that "Vera Rubin is already in production. Giant amounts of production incoming."

Commentary: CXMT IPO binds China's DRAM supply chain into one ecosystem

Levi Li — Thu, 16 Jul 2026 03:31:37 GMT

CXMT's STAR Market IPO has become more than a fundraising exercise. The strategic placement roster shows how China's largest DRAM maker is using the capital market to connect semiconductor suppliers, AI cloud providers, device brands, automakers, and state-backed investors, reinforcing a domestic memory ecosystem.

Commentary: Chip lead times extend as cloud AI squeezes capacity

Charlene Chen — Thu, 16 Jul 2026 03:25:02 GMT

Reports of longer chip lead times have been mounting. ADI has notified customers that, as recovering demand tightens supply, lead times for some analog chip products have stretched to six months, and it has urged customers to place orders early to avoid delivery delays. Meanwhile, a channel player said STMicroelectronics (ST) MCU lead times have extended to 52 weeks, prompting distributors to begin asking customers about demand for all of 2027.

Apple reportedly explores AI chip acquisitions as it races to strengthen its infrastructure

DIGITIMES — Thu, 16 Jul 2026 02:57:56 GMT

Apple is exploring acquisitions of semiconductor companies to accelerate development of AI server chips, reflecting mounting pressure to improve the computing infrastructure behind its AI ambitions, according to The Information.

Nvidia doubles down on the land of the rising GPU, wiring Blackwell into Japan's science, banks, factories and cars

DIGITIMES — Thu, 16 Jul 2026 02:56:06 GMT

Nvidia has laid out a sweeping expansion of its Japanese footprint. The company is moving beyond one-off supercomputer wins to embed its Blackwell-generation chips and software across the country's research labs, banks, hospitals, factories, and automakers. The breadth signals that Japan is being positioned as a full "AI ecosystem" for Nvidia, not a single-sector customer. It's a hedge that spreads the company's growth across sovereign science, industrial automation, and physical AI, even as questions mount over chip pricing and supply.

Memory and CPU supply gaps threaten server shipments in 3Q26

Lily Hess — Thu, 16 Jul 2026 02:52:37 GMT

Component shortages that began with PCs and smartphones are now spreading to servers. Inventec, a leading server motherboard maker, said supply gaps will continue widening from the third quarter of 2026 and could hit shipments, while a supply-chain source said some companies are even reluctant to talk about shortages for fear upstream vendors will redirect supply.

Japan's enterprises and startups adopt Nvidia open models for specialized AI

DIGITIMES — Thu, 16 Jul 2026 02:50:42 GMT

Japan's companies and research institutions are turning to Nvidia's Nemotron open models to build AI tailored to local language, industry, and public-sector needs. The move highlights how open, customizable systems may shape national AI strategies far beyond Japan, affecting productivity, service delivery, and data control worldwide.

ASML's rumored move to raise lithography prices sets up rare clash with TSMC as AI hands toolmakers pricing power

DIGITIMES — Thu, 16 Jul 2026 02:21:44 GMT

An AI-fueled earnings beat has emboldened ASML to do something it rarely does: raise prices on the lithography machines that are essential to making advanced chips. That plan is now setting up an unusual confrontation with its largest customer, TSMC, and threatens to fall hardest on Chinese chipmakers with the fewest alternatives. It also lands in the middle of a broader 2026 repricing cycle that is sweeping through foundry, memory, and packaging costs at once, one whose bill ultimately reaches Nvidia, Apple, and every buyer of advanced silicon.

Exclusive: Advanced packaging outpaces front-end growth while NPO paves way for commercial CPO

Levi Li — Thu, 16 Jul 2026 01:48:57 GMT

Generative AI is accelerating demand for computing power, memory and data bandwidth, shifting semiconductor innovation beyond front-end processes toward advanced packaging, silicon photonics (SiPh) and Co-Packaged Optics (CPO). Benjamin Hein, CEO Electronics and Executive Board member at Merck, said advanced packaging materials are poised to outgrow front-end process materials and the broader materials market, while Near-Packaged Optics (NPO) will bridge the industry's transition to commercial CPO.

Nvidia's Huang says AI agents are tools, not humanlike beings

DIGITIMES — Thu, 16 Jul 2026 01:39:53 GMT

Nvidia CEO Jensen Huang said AI agents should be treated as tools, not as humanlike beings, in a recent conversation with LangChain founder Harrison Chase. He said the latest wave of agentic AI has been driven by better models, open ecosystems and stronger engineering around safeguards and system design.

Acer Gadget posts record second-quarter revenue on AI PC and e-commerce demand

DIGITIMES — Thu, 16 Jul 2026 01:19:43 GMT

Acer Gadget, the Acer Group subsidiary, reported record second-quarter self-reported revenue and said its two core businesses kept shipments moving in June and the first half of 2026. The company said demand in the second half should support further growth as it expands its AI PC peripheral lineup and broadens its global channel strategy.

Samsung may scale back foldable storage upgrades as memory costs rise

DIGITIMES — Thu, 16 Jul 2026 01:19:03 GMT

Samsung Electronics is reportedly preparing to reduce a long-running preorder perk for its next Galaxy foldables as memory prices climb. According to ChosunBiz, the South Korean company will likely cut its "free storage upgrade" offer from a full double-capacity boost to a subsidy covering only half the price gap between the 256GB and 512GB versions.

Samsung, SK hynix race to make Gwangju memory hub operational within four years

Scarlett Yu — Thu, 16 Jul 2026 01:17:57 GMT

Samsung Electronics and SK hynix are set to anchor a KRW800 trillion (US$532.4 billion) semiconductor cluster at the former Gwangju military airport site in South Korea. Industry experts describe the project as a race against time, with an ambitious target of bringing four fabrication plants online within four years. Whether land, power, water, talent, and supply-chain infrastructure can be developed in parallel has become a key concern for South Korea's semiconductor industry and global observers alike.

Foxconn shows Model A and Model B EVs in Japan through CDMS push

DIGITIMES — Thu, 16 Jul 2026 01:16:50 GMT

Foxconn recently displayed its Model A and Model B electric vehicles in Tokyo, as the Taiwanese manufacturer stepped further into Japan's EV market. The vehicles were shown for the first time in 2026 at the Japan Taiwan Expo, which was organized by Japan's Ministry of Economic Affairs and executed by TAITRA.

Thunder Tiger splits drone unit into specialized entities for anti-drone systems, engines

DIGITIMES — Thu, 16 Jul 2026 01:15:42 GMT

Thunder Tiger is widening its drone business in Taiwan and the US as it prepares new models for 2026, sets up two new entities, and advances work tied to counterdrone systems and aircraft engines. The company said the moves are part of a broader push into the global drone market as its work under the US Department of Defense's Drone Dominance Program moves into a second phase.

CXMT's US$8.5 billion IPO signals China's accelerating challenge to global memory leaders

DIGITIMES — Thu, 16 Jul 2026 01:10:46 GMT

CXMT's Shanghai debut could reshape global memory markets by speeding China's push into advanced DRAM and HBM, while highlighting how US export controls are altering the industry's technology path. For readers worldwide, the listing signals both greater supply competition and a potential shift in where next-generation memory innovation develops.

ASML signals pricing power and a two-year capacity sprint as AI tightens the lithography bottleneck

DIGITIMES — Thu, 16 Jul 2026 01:09:01 GMT

During the question-and-answer session of ASML's second-quarter 2026 earnings call on July 15, executives at the world's only maker of extreme ultraviolet (EUV) lithography systems signaled that they now have room to raise prices and are preparing to expand output of their most important machines by roughly 30% in each of the next two years — all without building new cleanrooms. The tone confirmed a same-day exclusive from The Information, which reported that ASML plans price increases across its equipment despite resistance from its largest customer, TSMC.

Anthropic eyes autumn IPO to beat OpenAI and DeepSeek to public markets

DIGITIMES — Thu, 16 Jul 2026 01:07:50 GMT

Anthropic PBC is lining up investor meetings ahead of a potential mega-IPO that could value the Claude maker at US$1 trillion or more, a move that would let it beat both OpenAI and China's DeepSeek to public markets and, in the process, set the first widely watched price for a pure-play frontier AI lab.

Foxconn deepens humanoid robotics bet with US$9 million stake in Agility-linked SPAC

Jingyue Hsiao — Thu, 16 Jul 2026 01:05:31 GMT

Foxconn's latest investment in a US special-purpose acquisition company linked to humanoid robot developer Agility Robotics underscores how the global race in AI-driven automation is drawing in major manufacturers, investors, and supply-chain players. The move may influence future robot production, deployment, and capital flows across markets worldwide.

Taiwan power device makers gain from automotive inventory buildup and order shifting

Lily Hess — Thu, 16 Jul 2026 00:55:44 GMT

Semiconductor supply chains remain tight, and Taiwan power device suppliers say the automotive market, after two years of inventory digestion, is now building up extra stock to avoid shortages. Rebounding demand from 3C end markets is also expected to support revenue in the second half of 2026.

China's top seller of AI compute has emerged without owning the GPUs

DIGITIMES — Wed, 15 Jul 2026 23:48:48 GMT

Beijing Approach AI Technology Co., or Approaching.AI, raised more than CNY1 billion within six months by selling AI tokens generated largely on computing infrastructure it does not own.

Samsung's Honam semiconductor investment faces union pushback as 80% oppose project

Eifeh Strom — Wed, 15 Jul 2026 23:45:34 GMT

As Samsung Electronics pushes ahead with a major semiconductor investment project in South Korea's Honam region, including Gwangju and South Jeolla Province, labor-management relations have once again emerged as a source of uncertainty.

AI, ICT projects, and 5G upgrades power Taiwan telecom trio's strong June results

Willis Ke — Wed, 15 Jul 2026 23:45:04 GMT

Taiwan's three major telecom operators delivered stronger June 2026 results than a year earlier, supported by robust demand for ICT services, continued 5G migration and expanding digital-service ecosystems. Chunghwa Telecom posted record June revenue and EBITDA, Taiwan Mobile led the industry in monthly earnings per share (EPS) for a second consecutive month, and Far EasTone Telecommunications achieved its strongest June on record across revenue, EBITDA, net profit, and EPS.

Column: From K-Semiconductor to AI superpower —How South Korea is taking its next chip leap

Scarlett Yu — Wed, 15 Jul 2026 23:44:41 GMT

South Korean President Lee Jae-myung unveiled the country's Three Mega Projects for AI and Semiconductors in late June 2026, an ambitious national strategy designed to strengthen South Korea's global leadership in artificial intelligence and semiconductors. The initiative centers on three pillars—semiconductors, physical AI, and AI data centers—and aims to double the nation's DRAM output within five years while expanding capabilities in high-bandwidth memory (HBM), advanced packaging, AI processors, and next-generation memory technologies. It also seeks to extend South Korea's semiconductor footprint beyond the Seoul metropolitan region.

Silan Microelectronics forecasts stronger first-half 2026 profit on sales growth and investment gains

DIGITIMES — Wed, 15 Jul 2026 23:44:22 GMT

Hangzhou Silan Microelectronics said its first-half 2026 profit is set to rise sharply, driven by revenue growth, product upgrades, and fair-value gains on financial assets. The outlook matters for global semiconductor markets because it points to resilient demand across automotive, industrial, and energy applications despite rising costs and competition.

TPV Technology expects first-half loss as costs rise and global competition intensifies

DIGITIMES — Wed, 15 Jul 2026 23:43:28 GMT

TPV Technology said it expects to remain in the red in the first half of 2026, underscoring how higher materials costs, supply chain shifts, and intense price competition could continue to weigh on display makers serving global consumers and device brands. The company said revenue rose, but margins stayed under pressure.

Chip inflation drives phone prices higher, clouds 2027 demand

Lily Hess — Wed, 15 Jul 2026 23:42:54 GMT

Rising chip costs are adding pressure to consumer electronics, with memory prices expected to stay elevated through at least 2027 and weighing heavily on downstream manufacturers and brands. Industry players say the wave of smartphone price increases in the first quarter of 2026 has already hurt sales momentum, and another round of memory-driven hikes in the second half of this year or in 2027 would make it extremely difficult to keep phone prices where they are.

US eyes looser robotaxi rules as China sets national standard

Sherri Wang — Wed, 15 Jul 2026 23:42:32 GMT

US regulators are considering dropping steering-wheel requirements for fully driverless vehicles, while China is moving a mandatory national safety standard for Level 3 and Level 4 automated driving through the approval process. Suppliers say the changes could accelerate the commercial rollout of robotaxis.

Foxconn advances decarbonization, targeting RE50 for Taiwan production base by 2030

Rodney Chan — Wed, 15 Jul 2026 23:42:11 GMT

Foxconn Technology Group is stepping up energy-saving measures, green-power procurement, and supply chain decarbonization, with its factories in Taiwan targeting RE50 by 2030. The move comes as global brands such as Apple and Google increase pressure on suppliers to use renewable energy and cut emissions.

AI demand-driven memory crunch leaves smart cars exposed

Jingyue Hsiao — Wed, 15 Jul 2026 23:41:21 GMT

AI-driven demand is tightening global memory supplies, crowding out smartphones, PCs, and vehicles as DRAM and NAND Flash capacity is diverted toward data centers. Smart cars are among the hardest hit, and in China, where smart car adoption is rising quickly, automakers face sharper shortages, pricier components, and margin pressure.

JCET forecasts higher first-half profit on AI-driven chip demand

DIGITIMES — Wed, 15 Jul 2026 09:37:16 GMT

China's JCET expects stronger first-half earnings as global demand tied to artificial intelligence (AI) infrastructure lifts semiconductor activity. The outlook signals continued momentum in chip packaging and testing, a sector closely watched by investors because it reflects broader technology spending trends that affect supply chains across Asia, the US, and Europe.