BHI 3.1·Q3 2026 Bulletin
Published Jul 5 2026·Spearman ρ = 0.79·Validation: preliminary
Today's bulletin →
Movers · Q3 2026 · Jul 5 2026
PLATFORM PROFILESNPS/CDNS

Synopsys/Cadence (EDA Duopoly)

$170B combined100% of advanced chip designCritical Infrastructure
13.50
B-index (V3.1)
BLACK HOLE
Capture2.263
Escape0.168
Key Structural Insight

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth9/10
Memory9/10
Action9/10
Process10/10
Network8/10
Closeness8/10
Portability1/10
Substitutability1/10
Human Fallback1/10
Org Depth9/10
Momentum6/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.9245CES(d, m, a, p)
Knowledge synergy σₖ0.9000√(d · m)
Operability synergy σₒ0.9487√(a · p)
Synergy boost1.27731 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.45001 + 0.5·o
Momentum multiplier1.18001 + 0.3·t
Total Capture2.2629c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.1000CES(x, s, h)
Feedback attenuation0.6764max(0.3, 1 − 0.35·core)
Total Escape0.1676ε + escCore · feedback
B = Capture / Escape13.502.263 / 0.168

Scoring Rationale

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
PORT1
-5.34
SUB1
-5.34
FALL1
-5.34
CLOSE8
+3.37
ACT9
+1.05
DATA9
+1.04
MEM9
+1.04
NET8
+0.96
ORG9
+0.93
MOM6
+0.69
PROC10
+0.50
+ raises B (deepens lock-in) lowers B (aids escape)

Comparable PlatformsCritical Infrastructure (10 peers)

#PlatformTickerB-indexZone
01PJM InterconnectionNon-profit12.53BLACK HOLEProfile →
02FAA NextGenGovt12.20BLACK HOLEProfile →
03National Grid UKNG.L11.27BLACK HOLEProfile →
04CATL300750.SZ7.10BLACK HOLEProfile →
05Foxconn2317.TW5.65BLACK HOLEProfile →
06Siemens EnergyENR.DE4.89BLACK HOLEProfile →
07Deere & CompanyDE4.68BLACK HOLEProfile →
08ARM HoldingsARM4.23BLACK HOLEProfile →
09CorningGLW3.84BLACK HOLEProfile →
10LindeLIN3.53BLACK HOLEProfile →