Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to have you here on this Tuesday, March 24th. I'm Julie Morgan.

Netgear is on our biggest movers list. NTGR is up 14% after closing 5.8% higher on Monday.

Share surged after the Federal Communications Commission added foreign-made Wi-Fi

routers to its covered list, effectively banning the import of new models on national

security grounds.

The FCC said in a statement that the foreign-made routers introduce a supply

chain vulnerability that could disrupt the U.S. economy, critical infrastructure, and national

defense, and pose a severe cybersecurity risk that could be leveraged to immediately and severely

disrupt U.S. critical infrastructure.

The move targets future devices while allowing existing inventory and installed routers to remain

in use. The impact will extend beyond Chinese players such as TPLink, affecting U.S.

headquartered firms as well. Companies including Netgear, ERO, and Google

Ness designed their products domestically, but depend heavily on manufacturing bases in Asia.

S.K. Hynix is acquiring advanced production equipment valued at nearly $8 billion from Dutch

company ASML, aiming to meet rising demand for memory chips.

The South Korean chipmaker announced the decision through a regulatory filing.

Reports say the extreme ultraviolet scanners will be delivered by December of 27 for its its next generation production processes.

The move comes amid S.K. Heinex's push to expand the production of memory chips, including

high bandwidth memory on the back of soaring demand from the AI industry.

Shares of Spanish Beauty Group Puge jumped on Tuesday after Esté Lauder confirmed

it is in talks about merging the two companies.

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