Market and Supply Chain

The business of security and AI: funding, consolidation, launches and where hardware and software actually come from, with the figures checked against their sources.

Three plain polished brass calibration weights of increasing size standing in a row on a matte charcoal surface, lit by a cold rim light from the right. None of them carries an engraved denomination or any other marking.

Market and Supply Chain4 Sept 2026

Two acquisitions were worth 5.4 times every venture round in cyber security for six months, and the funding figures do not reconcile

H1 2026 venture funding across the whole sector was $10.6bn against $57bn for two deals. Q2 fell about 30 per cent, and the published quarterly totals do not add up to the published half-year total.

A single bare silicon wafer standing at a slight angle against a near-black surface, its mirror face catching a raking light in faint iridescent bands. It carries no die grid, circuitry pattern or markings of any kind.

Market and Supply Chain4 Sept 2026

Xiaomi's XRing O3 beats the A19 Pro on single core, and five of its six layers belong to somebody else

24 billion transistors on TSMC second-generation 3nm, Geekbench single core of 3,945 against the A19 Pro's 3,840, and a bill of origin worth reading line by line before anyone says homegrown.