Needham analyst N. Quinn Bolton raised his price target on Ichor Holdings to $36 and kept his Buy rating after its Q3 earnings beat and guidance for strong sequential growth in Q4. The analyst cites the company's expectations of foundry and logic momentum being sustaining into Q1, with signs of memory recovery driven by the combination of TSMC (TSM) strength, ASML (ASML) EUV demand.

Ansys (ANSS) announced a collaboration with TSMC (TSM) on multiphysics software for TSMC's Compact Universal Photonic Engines. COUPE is a cutting-edge Silicon Photonics integration system and Co-Packaged Optics platform that mitigates coupling loss while significantly accelerating chip-to-chip and machine-to-machine communication. TSMC COUPE, along with Ansys multiphysics solutions that are integrated with Synopsys' 3DIC Compiler unified exploration-to-signoff platform, enables the next generation of silicon photonics and co-packaged optics designs for applications in AI, datacenter, cloud, and HPC communications. The work spans multiple areas, including fiber-to-chip coupling, integrated electronic-photonic chip design, power integrity verification, high-frequency electromagnetic analysis, and critical thermal management.