The logo of German semiconductor manufacturer Infineon Technologies AG is seen at the company's plant in Dresden, eastern Germany, on June 10, 2026. On July 2, 2026, Infineon will officially open its Smart Power Fab that manufactures power semiconductors as well as analog/mixed-signal-components in Dresden. With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Jens SCHLÜTER / 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 June 10, 2026. On July 2, 2026, Infineon will officially open its Smart Power Fab that manufactures power semiconductors as well as analog/mixed-signal-components in Dresden. With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Jens SCHLÜTER / 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 June 10, 2026. On July 2, 2026, Infineon will officially open its Smart Power Fab that manufactures power semiconductors as well as analog/mixed-signal-components in Dresden. With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Jens SCHLÜTER / AFP via Getty Images)

A woman walks past the logo of German semiconductor manufacturer Infineon Technologies AG at the company's plant in Dresden, eastern Germany, on June 10, 2026. On July 2, 2026, Infineon will officially open its Smart Power Fab that manufactures power semiconductors as well as analog/mixed-signal-components in Dresden. With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Jens SCHLÜTER / AFP via Getty Images)

A man walks past the logo of German semiconductor manufacturer Infineon Technologies AG at the company's plant in Dresden, eastern Germany, on June 10, 2026. On July 2, 2026, Infineon will officially open its Smart Power Fab that manufactures power semiconductors as well as analog/mixed-signal-components in Dresden. With an investment of five billion euros, the new facility represents the largest single investment in Infineon's history. (Photo by Jens SCHLÜTER / AFP via Getty Images)

A cargo ship sails into the port in Qingdao, in China's Shandong province on June 11, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Chinese-made cars are parked at a port in Yantai, in China's eastern Shandong province on June 11, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Chinese-made cars are seen before being loading for export at a port in Yantai, in China's eastern Shandong province on June 11, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT