Semiconductors companies, explained.

Air Liquide makes and delivers industrial and medical gases such as oxygen, nitrogen and hydrogen, by pipeline, truck and cylinder, to factories, chipmakers, hospitals and patients at home.

AMD designs processors, graphics chips, FPGAs and AI accelerators for data centers, PCs, game consoles and embedded devices, and has outside foundries manufacture them.

ASML builds the lithography machines that print the patterns of microchips, selling EUV and DUV systems to the world's chipmakers and then servicing and upgrading them for years.

Broadcom designs chips for AI data centers, networking and connected devices and sells infrastructure software such as VMware, earning from both product sales and software subscriptions.

Canon makes printers, office machines, cameras, medical imaging systems and semiconductor lithography equipment, and sells them through its own sales companies around the world.

Chipotle owns and runs more than 4,000 fast-casual Mexican restaurants, mostly in the U.S., selling burritos, bowls, tacos and salads made from fresh ingredients, with over a third of sales ordered digitally.

Foxconn makes servers, smartphones, computers and components for the world's big technology brands, and is moving into AI server racks, electric vehicles and semiconductors.

Infineon designs and makes power chips, microcontrollers, sensors and security chips in its own fabs, selling them to carmakers, industrial and energy companies and AI data centres; about half of its revenue comes from cars.

Intel designs and makes x86 processors and other chips for PCs, data centers and networks, and is building a foundry business that also manufactures chips for other companies.

Marvell designs chips for data infrastructure, mainly custom AI processors, optical interconnect and switches for cloud data centers, and has them manufactured by foundries.

NVIDIA designs GPUs, networking and software that power AI data centres, gaming PCs, workstations and cars, and has chips made by outside foundries such as TSMC and Samsung.

Qualcomm designs Snapdragon and other chips for phones, cars and connected devices and earns royalties by licensing its wireless patents to device makers.

SK hynix is a South Korean memory-chip maker whose DRAM, and above all its high-bandwidth memory (HBM) stacked beside AI processors, sells mainly to US tech companies building AI data centers.

SoftBank Group is a Japanese investment holding company that owns most of chip designer Arm, controls telecom operator SoftBank Corp. and backs AI companies such as OpenAI through its Vision Funds.

Texas Instruments designs and makes analog and embedded processing chips, more than 80,000 of them, mostly in its own 300mm factories, and sells them directly to over 100,000 makers of cars, factory gear, data centers and gadgets.

TSMC is the world's leading dedicated chip foundry: it makes other companies' chip designs in its own fabs and sells no chips under its own brand.