Infineon microcontrollers are pictured before the opening ceremony of the new Smart Power Fab of German semiconductor manufacturer Infineon Technologies AG in Dresden, eastern Germany, on July 2, 2026. With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Ronny HARTMANN / AFP via Getty Images)

An Intermediate Bus Converter (IBC), designed for AI Server architectures, is pictured before the opening ceremony of the new Smart Power Fab of German semiconductor manufacturer Infineon Technologies AG in Dresden, eastern Germany, on July 2, 2026. With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Ronny HARTMANN / AFP via Getty Images)

A 300mm wafer is pictured before the opening ceremony of the new Smart Power Fab of German semiconductor manufacturer Infineon Technologies AG in Dresden, eastern Germany, on July 2, 2026. With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Ronny HARTMANN / AFP via Getty Images)

The logo of German semiconductor manufacturer Infineon Technologies AG is seen at the company's plant in Dresden, eastern Germany, on July 2, 2026, prior to the official inauguration of the company's "Smart Power Fab". With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Ronny HARTMANN / AFP via Getty Images)

The logo of German semiconductor manufacturer Infineon Technologies AG is seen at the company's plant in Dresden, eastern Germany, on July 2, 2026, prior to the official inauguration of the company's "Smart Power Fab". With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Ronny HARTMANN / AFP via Getty Images)

This illustration photograph taken on July 2, 2026 shows the new upcoming Usernamer feature on US instant messaging software WhatsApp, displayed on a smartphone with the backdrop of India's national flag in New Delhi. (Photo by Manan VATSYAYANA / AFP via Getty Images)

Members of global development aid organization ONE pose with masks with the faces of German cabinet ministers and with the jerseys of the German national football team during a protest against massive cuts in development cooperation under the motto "Red Card for Merz" in Berlin on July 1, 2026. The activists wear masks with the faces of (front row, LtoR) German Minister for Economic Cooperation and Development Reem Alabali-Radovan, German Chancellor Friedrich Merz, German Minister for Research, Technology and Aerospace Dorothee Baer, German Foreign Minister Johann Wadephul, German Minister for Labour and Social Affairs Baerbel Bas, and (back row, LtoR) German Finance Minister and Vice Chancellor Lars Klingbeil, German Defence Minister Boris Pistorius, German Interior Minister Alexander Dobrindt, German Economy and Energy Minister Katherina Reiche, Chief of Staff and Minister for Special Tasks Thorsten Frei and German Minister for Education, Family, Senior Citizens, Women and Youth Karin Prien. The federal government is set to adopt its draft budget for 2027 next week. (Photo by Tobias SCHWARZ / AFP via Getty Images)

Members of global development aid organization ONE pose with masks with the faces of German cabinet ministers and with the jerseys of the German national football team during a protest against massive cuts in development cooperation under the motto "Red Card for Merz" in Berlin on July 1, 2026. The activists wear masks with the faces of (front row, LtoR) German Minister for Economic Cooperation and Development Reem Alabali-Radovan, German Chancellor Friedrich Merz, German Minister for Research, Technology and Aerospace Dorothee Baer, German Foreign Minister Johann Wadephul, German Minister for Labour and Social Affairs Baerbel Bas, and (back row, LtoR) German Finance Minister and Vice Chancellor Lars Klingbeil, German Defence Minister Boris Pistorius, German Interior Minister Alexander Dobrindt, German Economy and Energy Minister Katherina Reiche, Chief of Staff and Minister for Special Tasks Thorsten Frei and German Minister for Education, Family, Senior Citizens, Women and Youth Karin Prien. The federal government is set to adopt its draft budget for 2027 next week. (Photo by Tobias SCHWARZ / AFP via Getty Images)