People walk through the Hesse Mechatronics stand during SEMICON China semiconductor exhibition in Shanghai on March 25, 2026. (Photo by Jade GAO / AFP via Getty Images)

A wafer is pictured under process during the SEMICON China semiconductor exhibition in Shanghai on March 25, 2026. (Photo by Jade GAO / AFP via Getty Images)

People attend the SEMICON China semiconductor exhibition in Shanghai on March 25, 2026. (Photo by Jade GAO / AFP via Getty Images)

People walk through AMEC (Advanced Micro-Fabrication Equipment) stand during SEMICON China semiconductor exhibition in Shanghai on March 25, 2026. (Photo by Jade GAO / AFP via Getty Images)

People walk through the FerroTec stand during SEMICON China semiconductor exhibition in Shanghai on March 25, 2026. (Photo by Jade GAO / AFP via Getty Images)

People attend the SEMICON China semiconductor exhibition in Shanghai on March 25, 2026. (Photo by Jade GAO / AFP via Getty Images)

People attend the SEMICON China semiconductor exhibition in Shanghai on March 25, 2026. (Photo by Jade GAO / AFP via Getty Images)

German Finance Minister and Vice Chancellor Lars Klingbeil chats with German Minister for Research, Technology and Aerospace Dorothee Baer and German Minister for Labour and Social Affairs Baerbel Bas at the start of the weekly meeting of the German government's cabinet, on March 25, 2026 at the Chancellery in Berlin. (Photo by John MACDOUGALL / AFP via Getty Images)