TOPSHOT - German Chancellor Friedrich Merz gives thumbs up as he is seen on a screen during a live feed at the opening ceremony of the Infineon Smart Power Fab in Dresden, eastern Germany, on July 2, 2026. German semiconductor giant Infineon opened a five-billion-euro ($5.7 billion) microchip plant on July 2, at a time Europe seeks to bolster its high-tech autonomy. The "Smart Power Fab" in the eastern city of Dresden, completed three months ahead of schedule, has been hailed as a symbol of an EU push to reduce dependency for crucial parts on Asia and the United States. (Photo by Ronny HARTMANN / AFP via Getty Images)

TOPSHOT - This aerial view shows the new Smart Power Fab of German semiconductor manufacturer Infineon Technologies AG in Dresden, eastern Germany, on July 2, 2026. German semiconductor giant Infineon opened a five-billion-euro ($5.7 billion) microchip plant on July 2, at a time Europe seeks to bolster its high-tech autonomy. The "Smart Power Fab" in the eastern city of Dresden, completed three months ahead of schedule, has been hailed as a symbol of an EU push to reduce dependency for crucial parts on Asia and the United States. (Photo by Ronny HARTMANN / AFP via Getty Images)

This aerial view shows the new Smart Power Fab of German semiconductor manufacturer Infineon Technologies AG in Dresden, eastern Germany, on July 2, 2026. German semiconductor giant Infineon opened a five-billion-euro ($5.7 billion) microchip plant on July 2, at a time Europe seeks to bolster its high-tech autonomy. The "Smart Power Fab" in the eastern city of Dresden, completed three months ahead of schedule, has been hailed as a symbol of an EU push to reduce dependency for crucial parts on Asia and the United States. (Photo by Ronny HARTMANN / AFP via Getty Images)

This aerial view shows the new Smart Power Fab of German semiconductor manufacturer Infineon Technologies AG in Dresden, eastern Germany, on July 2, 2026. German semiconductor giant Infineon opened a five-billion-euro ($5.7 billion) microchip plant on July 2, at a time Europe seeks to bolster its high-tech autonomy. The "Smart Power Fab" in the eastern city of Dresden, completed three months ahead of schedule, has been hailed as a symbol of an EU push to reduce dependency for crucial parts on Asia and the United States. (Photo by Ronny HARTMANN / AFP via Getty Images)

Options traders Serge Marinovich, left, and Phil Phil Fracassini work on the floor of the New York Stock Exchange, Friday, June 26, 2026. (AP Photo/Richard Drew)

High-rise apartments are seen in Colombo on July 2, 2026. (Photo by Ishara S. KODIKARA / AFP via Getty Images)

This photograph shows the logos of one of the Kuwait's first Q8 fuel station ahead of its official inauguration in Kuwait City on July 2, 2026. The station is the first to operate under the Q8 brand in Kuwait and is part of Kuwait Petroleum Corporation's plan to launch five Q8-branded fuel stations in the local market. (Photo by YASSER AL-ZAYYAT / AFP via Getty Images)

This photograph shows a view of one of the Kuwait's first Q8 fuel station ahead of its official inauguration in Kuwait City on July 2, 2026. The station is the first to operate under the Q8 brand in Kuwait and is part of Kuwait Petroleum Corporation's plan to launch five Q8-branded fuel stations in the local market. (Photo by YASSER AL-ZAYYAT / AFP via Getty Images)