➀ ESMC, a joint venture between TSMC, Bosch, Infineon, and NXP, has started construction on its first fab in Dresden with a €5 billion subsidy from the German government. ➁ The RAN market continues to decline, with global RAN revenues falling at a double-digit rate for the fourth consecutive quarter. ➂ AMD has acquired ZT Systems for $4.9 billion to streamline its GPU development and sales for AI systems.