Tech giants OpenAI, Oracle, and SoftBank on September 23 have announced a US$400 billion plan to build five new artificial intelligence data centers across the US, a massive infrastructure blitz under the “Stargate” initiative designed to add 7GW of computing power over the next three years and Foxconn Technology Group, a key server supplier for Oracle, stands to be a major winner in the deal, according to some market observers.

TSMC announced on September 25 that Y.L. Wang has resigned from his role as director and CEO of TSMC Arizona Corporation, effective October 1. Wang’s departure marks the completion of a critical phase in stabilizing the Arizona fab, with Ray Chuang, VP of operations and CEO of EMSC, appointed to succeed him. Wang will return to Taiwan to continue serving as an operations executive and is expected to be promoted to senior vice president by 2025 as part of TSMC’s leadership succession planning.

Alibaba Group kicked off its three-day Apsara Conference in Hangzhou by announcing a partnership between Alibaba Cloud and Nvidia in Physical AI. The move highlights how Chinese tech leaders are seeking to anchor themselves in the next frontier of AI, where digital intelligence meets robotics and real-world applications.

According to supply chain sources, Intel—the leading PC CPU supplier—is planning to increase prices of its Raptor Lake processors by more than 10%. Industry insiders suggest this price hike may be partially linked to TSMC and the lukewarm consumer response to AI-powered PCs.