Formal Alliance Advances

The most likely path is that Huang's call aligns with existing U.S.-Japan-South Korea technology coordination and becomes a formal working group or memorandum rather than a binding treaty. Japan's $140 billion compute plan and Korea's memory leadership give all three governments incentives to coordinate capacity, standards and export-control compliance.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.