TSMC $TSM and Amkor $AMKR signed a 10-year agreement for advanced packaging and testing services in Arizona. Under the deal, TSMC will procure services from Amkor’s Arizona campus, connecting TSMC’s U.S. chip manufacturing with Amkor’s U.S. packaging and test capacity.

IRAN MISSILE SHARDS STRIKE ISRAEL AIR BASE Shrapnel from an Iranian ballistic missile reportedly hit an Israeli Air Force base in northern Israel on Sunday night, according to Israeli and military sources. The IRGC said it targeted the Ramat David base in an early missile barrage and released footage of launches. Israel says debris struck a structure and is assessing damage, with the incident still under investigation by the IDF.

Gonna be pain this week.

$BITF may be a "diamond in the rough". Secret weapon: Scrubgrass site in Pennsylvania. Potential of this one site = 1 GW capacity. Company has 11 other sites, but we'll focus on Scrubgrass here. It'll make sense why. Risks: - Power not fully secured, yet. - #1 in queue for application to be processed. Nobody can cut the line. Actively increasing the power request in application while all other companies must wait behind them. - Company just secured $1B in liquidity to show regulators. Tick tock. - Only public miner outside of Texas that has a 1GW potential. - Proximity advantage to undersea fiber lines to Europe - Power peaker plant located 2 miles north that absorbs power instead of generates power for the grid. Power abudance in area. - 63MW energized today at Scrubgrass. - Surrounded by hyperscaler data centers. - Additional generation capacity of 500MW of natural gas which can be added to site. Qualitative: - CEO @hashoveride (Ben) has 92-95% of his net worth is tied up in his $BITF stock. He's only sold shares once since he joined the company 7 years ago, in November 2021. @ericjackson might like that. - New CFO Jonathan joined 10/26/25. Multidecade project finance experience. Negotiated deals on the other side of table. - 40 of 40 institutions elected to subscribe to their convertible note round. 9x oversubscribed. Unheard of before. There was enough subscription to raise $2.6B in 48 hours. However, $BITF only decided to expand their round from $300M to $500M instead. - T5 partnership: Built & operated data centers for 30 years. Well known and trusted by hyperscalers. They validate architecture & engineering. Handhold the permitting applications to line up with what hyperscalers are looking for. Flat fee based structure with no pro forma ownership thereafter. - Capped calls on convertible from 30-125% of premium to keep it antidilutive for legacy shareholders. Only one reason they'd elect to do that. - Strategy upfront is colocation only and just execute until the right time to sign a deal. Everytime a deal is signed, the remaining unsigned MW on the market become more valuable. - Direct operating margins for GPUS = 85-90%. Meaning energy costs contribute minorly to operating margins for cloud providers. Paying a few points higher for energy costs just to be plugged in and making revenue far outweighs any alternative. The longer they wait for a deal, the more valuable the unsigned MW become. Macro: - By 2030, we need about 120-130 GW of power for AI data centers. - Today, there's about 10 GW of power for ai data centers. - The pipeline consists of 40-50GW to be built from now through 2030. - 10 GW today 45 GW announced pipeline (mid point) = 55 GW potentially available. The need is greater than 100GW by 2030. We have a deficit of 45-75GW in the industry by 2030. -Every MW or GW uncontracted becomes more valuable as each deal gets announced. - Every minute a GPU isn't plugged into power equates to greater opportunity cost. Conclusion: - a combination of $BITF's footprint, liquidity, operating team, plus CEO @hashoveride YOLO'ing into this = I'm betting on this. - stock is $3.69 as I'm writing this. your welcome.

IRAN DECLARES END OF MILITARY OPERATIONS AGAINST ISRAEL: FARS

Serenity was early, again. $cpsh ran from $7 to $10.82 intraday then $11.72 aftermarket. volume 17.5m vs 900k avg (19x normal). new 52w high confirmed in $nasa tema space etf as of may 22: the ETF owns 1.82m shares, 0.76% of NAV, about 10% of cpsh float held by the etf balance sheet: $12.5m liquid, zero debt, 18m shares outstanding (10% held by $nasa ETF) concentration risk: top 3 customers = 64% of fy25 rev segment potential: - power electronics (the actual core, 60-70% of rev): hvdc, ev and hev inverters, wind, sic and gan modules. the $15.5m semi order lives here. q1 10q flagged this customer taking less than 50% of contracted qty. - space (real but small): flight heritage on gps iii sats, mars 2020 rover, iss, methanesat. est $3-8 million today. golden dome and sda is the upside lever. - defense (mixed real plus r&d): navy destroyer hybridtech armor with congress funding secured, ceo says modest scale. tungsten 40mm warhead phase ii sttr ($1.15m, 2 year r&d). uh 60 armor is sbir research. about 5% of rev from sbir per cfo - ai and gpu thermal: current ai supply chain goat @aleabitoreddit posted a thesis on this ticker: 1) alsic could be spec’d as microchannel lid for 2300w plus chips. $cpsh would be one of few western suppliers. denka, sumitomo, byd are the incumbent risk. 2) laid out the materials science case for AlSiC in rubin/mi450x packaging at 1800 to 3000W TDPs. 3) mentioned as rubin's to scale up to 2300-2500W in 2027-2028, that same material may be used ai due to heat warpage. my research on official filings and $cpsh management transcripts show zero company mention of nvidia, rubin, or gpu in any earnings call. but would trust serenity over myself sincr im not even close to an ai scientist also watch: - DOE nuclear (radiation shielding, snf transport) - electric rail and subway mmc baseplates - 5g and satcom hermetic packaging - new commercial tungsten injection molding line (first order shipped apr 2026)

I've initiated positions in $CPSH as a US AlSiC pure play chokepoint. They represent ~25% of the near-term semi-grade AlSiC market. Their customers: - U.S. Navy (War) - U.S. Army (War) - U.S. Dept. of Energy (Energy / Nuclear) - U.S. Space Force / NASA (Space) - Lockheed Martin ( $LMT ) - Raytheon ( $RTX ) - Northrop Grumman - General Dynamics - The U.S. Navy uses $CPSH for ballistic protection systems of the newest carriers (like the USS Gerald R. Ford and USS Abraham Lincoln). As well as other fleets like the Danish Navy through Lockheed. - US Army uses $CPSH for 40mm Tungsten Warheads and UH-60 Black Hawk Helicopters. - The US Dpt of Energy uses $CPSH for impact limiters when transferring nuclear fuel (SNF) and high-level radioactive waste via rail. - U.S. Space Force / NASA uses $CPSH for GPS satellites and it sits in many electronic systems in the International Space Station. (Also not including Mars Rover missions) - Lockheed, Raytheon, Northrop, and General Dynamics uses $CPSH for missile heat-shielding components. AlSiC housings for radar systems, and thermal management materials. AlSiC or (aluminum silicon carbide) is a well known material composite that handles extreme thermal conditions for many applications above from space to defense. But as architectures from $NVDA Rubin to scale up to 2300-2500W in 2027-2028, that same material may be used AI due to heat warpage. My thoughts were that the tiny TAM material used to handle extreme changes in heat from hypersonic missiles to rocket nose cones may likely be used for AI deployments. This is similar to how InP (niche TAM for Telecom) became a bottleneck as photonics scaled up. Or how Toto's fine ceramics for toilets were critical to memory. AlSiC (esp. post-processing) may become a potential chokepoint as AI ramps up to Rubin generation chips. Majority of the world's AlSiC production still originates in East Asia (Denka,Sumitomo, BYD, JFC). But CPS is currently the primary "US/Western hedge" and CPSH states they represent roughly 25% of the near-term available AlSiC market (CPS Technologies AGM Presentation). And that percentage of the supply chain is only worth ~$100 MC right now. Their balance sheet: $12.7M – $13.8M (pro-forma) cash. Almost 0 debt. Inventory ~5.4M, Liabilities: ~$5.06M (eg. $3.53M for aluminum and silicon carbide) Y/Y revenue is 8.8M, up 107.29%. Y/Y Net income is up 207.96K ( 119.94%). Healthy balance sheet and US Government strategic interest Defense Contractors gives $CPSH low downside risk at $100M or even at $200M as the leading Western AlSiC supply chain. There were new contracts eg. $15.5M order from the leading Semi likely ~Infineon last October, that more visibility into revenue upside. And they are expanding production (funded by their Oct 25th raise), which hints to higher demand. "We believe we are the world leader in the design and manufacture of AlSiC... Many of our products are designed specifically for a single customer application, making us the sole-source provider for those components." (10-K filings) TLDR: The AI upside depends entirely on a material pivot by big tech. Similar to the Toto toilet maker for memory type but the AI fit seems strong. But the benefit is that its existing list of US DoD contractors gives the company lower downside risk. This is just my own personal thesis I wanted to share. But personally I've taken positions in $CPSH as an AlSiC play (and long US supply chains) as it may play an important role with thermal warpage with AI in 2027-2028 as we expand to 2000W .