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On November 13, at the Semiconductor Manufacturing International Corporation's Q3 2026 earnings conference, Co-CEO Zhao Haijun stated that the development of AI is currently flourishing, and the demand for computing power exceeds supply. The industry consensus believes that 2027 will be a year of significant shortage in semiconductor foundry capacity, with shortages expected to continue until mid to late 2028.Zhao Haijun pointed out that after mid-2028, the demand for memory related to AI may reach a basic supply-demand balance, but computing power and other supporting chips may still be in short supply. From the perspective of specific wafer revenue, the demand for mobile phones and mid-to-low-end consumer products is weakening, and it may continue to decline in the future.

The Kremlin announced that Putin and Trump plan to meet at the Asia-Pacific Economic Cooperation summit.

According to the American financial media Semafor, Nvidia (NVDA.O) is under investigation by the U.S. Department of Justice for antitrust issues.

SpaceX plans to invest over 24 billion dollars in the Rio Grande Valley for the construction of new supercomputing infrastructure.

According to Serenity, Jensen Huang is almost irreplaceable for Nvidia. Serenity stated that this is similar to how Tesla's valuation and market confidence could collapse if it lost Elon Musk.Serenity mentioned that Jensen Huang bet on CUDA before the explosion of artificial intelligence and began building the Neocloud ecosystem; he locked in key supply chain capacity years in advance and launched rack-level systems that integrated components like CPUs and networking devices. Jensen Huang also transformed the competitive threat posed by ASICs into new development opportunities by investing in companies like Marvell and MediaTek, competing with Broadcom, while incorporating these partners into Nvidia's NVLink ecosystem.Serenity also stated that Jensen Huang almost single-handedly built the financial and industrial ecosystem surrounding the current AI investment boom, growing Nvidia from a startup into a company with a market value exceeding $5 trillion, with an expected future growth rate of 70% by fiscal year 2028. Serenity indicated that even if Nvidia's actual revenue or product roadmap does not undergo substantial changes in the next two years, simply replacing Jensen Huang could have catastrophic effects on Nvidia's long-term development.

On November 10, German solar equipment manufacturer SINGULUS TECHNOLOGIES announced that it has signed a contract with SpaceX to provide a complete production line for heterojunction (HJT) solar cells. The first production line order amounts to over 60 million euros and is scheduled for delivery in the first half of 2027. The strategic cooperation between the two parties also plans to expand to multiple production lines, gradually supporting a scale of over 100GW of solar cell production equipment. The related production facilities will be used for SpaceX's satellite manufacturing project located in Bastrop, Texas, USA, to provide high-performance solar cells for its Starmind space AI satellite.Musk subsequently retweeted the SpaceX announcement and added that SpaceX has ordered HJT solar manufacturing equipment with an annual capacity of 100GW from German SINGULUS, stating that this is to enable Starmind to create a "sentient sun," a phrase that echoes its long-term vision of building a space AI computing infrastructure using solar satellites. SINGULUS also disclosed that since establishing strategic cooperation with SpaceX in March 2026, it has provided financial support in March and October, which includes a secured subordinated loan.

According to on-chain analyst Yu Jin's monitoring, the whale @fiyopi recently opened a long position of 24,500 ETH (worth 50.59 million USD) on Hyperliquid at 2,207.5 USD, currently facing a loss of 3.5 million USD. One of their addresses is named "Machi is ugly dog."

Brian Hong announced that he has joined the social trading application fomo, responsible for the Asia-Pacific region. Brian Hong previously publicly identified as the head of growth for consumer blockchain Abstract in the Asia-Pacific region. He stated that many high-quality trading ideas around the world have never left the language in which they were originally written; traders in Seoul and New York can focus on the same asset for months but do not have access to each other's work. Both parties see the same prices, but the ideas behind the trades remain trapped in circles separated by language, local communities, and existing information flows.He wrote that for nearly a decade, he has been connecting products, services, and information between the East and West. Products are now easier to cross borders, but ideas are not; he feels this most acutely in the market, where some ideas with significant upside potential remain confined to a single language and community. He stated that fomo is the first product that makes him feel this situation can change, as it does not require consideration of chains or cross-chain bridges; it faces a single market where information flow shows what people are actually buying. A trade does not need translation; ideas from Seoul can reach New York on their own, with attribution remaining with the originator.Brian Hong expressed that this feeling has not faded, and he agrees with fomo's direction and development team, and will help grow a product he already uses daily. He referred to the Asia-Pacific as the most important region for this matter, but the Asia-Pacific is not a single location; the languages, cultures, and platforms differ. Most of what happens here exists in communities that are not visible to the outside world. Introducing users is only part of the work; a larger part is putting ideas that the world has yet to see onto the same map. He has opened private messages to traders, large players, creators, and chain builders in the region.

The Industrial and Commercial Times reported on November 10 that the supply chain has recently indicated that NVIDIA intends to slow down chip orders. The report stated that NVIDIA's CEO Jensen Huang admitted to infidelity and apologized in a letter to employees on the 8th, U.S. time. The board has initiated an independent investigation to clarify whether it has been targeted by foreign intelligence activities. Foreign media disclosed that some companies authorized to handle the H200 are suspected of being shell companies, raising concerns that chips may be transshipped to mainland China through shell companies and third locations.The report indicated that stricter export reviews and the accumulation of H200 processors in Hong Kong have increased the risk of NVIDIA cutting orders, with upstream supply chain players such as TSMC and ASE being the first to bear the brunt. The supply chain revealed that there have also been rumors of NVIDIA cutting orders in wafer foundry recently, stating that this would benefit other chip manufacturers in obtaining more capacity, including AMD and cloud service providers' self-developed chips. ASIC manufacturers indicated that as long as TSMC can provide capacity, end customers will fully take on the orders. Industry sources pointed out that if NVIDIA releases capacity, companies like WorldChip, Creative, and MediaTek are expected to gain more capacity support.MediaTek estimates that the first AI accelerator aims for approximately $16 billion by 2027 and has already secured a second customer. WorldChip has also obtained a second ASIC order from a major American company and anticipates that revenue will gradually expand next year and the year after. Demand for AMD's data center business continues to exceed existing supply. AMD CEO Lisa Su stated in a recent earnings call that large cloud service providers are expanding EPYC deployments, with increased demand for AI accelerators and cabinets. The Instinct MI455X has been shipped in large quantities, and multiple cloud customers and computing power buyers have activated the first batch of Helios.

On November 9, Gate founder and CEO Dr. Han was invited to the headquarters of the F1 Red Bull Racing team in Milton Keynes, UK, to participate in the "Racing the Future Vol.5" series of events and deliver a keynote speech. During this time, Dr. Han engaged in discussions with F1 Red Bull Racing team CEO and team principal Laurent Mekies, exploring global market expansion, technological innovation, and future cooperation directions.The keynote sharing session was opened by Gate Europe CEO Dr. Giovanni Cunti. Following this, Dr. Han delivered a keynote speech titled "New Rules, New Grid: Be Ready for Crypto's New Era," starting from the changes in F1 regulations to discuss the reshaping of the crypto industry under security risks, tightening regulations, and the rapid development of emerging businesses.In the face of industry changes, Dr. Han shared Gate's three major forward-looking layouts: in terms of security, launching the PoSEC fund security proof to enhance the transparency of fund storage; in terms of compliance, continuously promoting global market layouts, with compliance coverage in 81 jurisdictions; in terms of business, expanding financial services such as Gate Pay and Gate Money to promote the integration of digital assets with traditional finance.As the official sponsor of the F1 Red Bull Racing team and exclusive cryptocurrency trading platform partner, Gate also visited the Red Bull Racing factory to gain an in-depth understanding of its technology research and development and racing engineering system. In the evening, a high-profile networking dinner was held, gathering executives from both sides and invited guests to engage in in-depth discussions on technological innovation, global market expansion, and cross-industry cooperation, further deepening the cooperative relationship between the two parties.Disclaimer: This event is for entertainment and social interaction purposes only and does not constitute any offer, solicitation, or recommendation. UK users are not allowed to use Gate services through Gate.com and can only use services provided by Gate UK. Gate will not promote or provide products or services on Gate.com in restricted areas (including the UK).

According to the Japan Economic News, Elon Musk's semiconductor factory plan Terafab has begun to advance, jointly developed by Tesla and SpaceX. The project team has explained the ordering plan to Japanese semiconductor manufacturing equipment manufacturers and is accelerating the preparation for factory production. The team responsible for equipment procurement has secretly visited Japan. Terafab's semiconductor production volume is about 40 times that of the Japanese chip manufacturer Rapidus. Some supplier executives have stated that Musk has become a topic of discussion in the semiconductor industry; there are also voices in the industry expressing confusion over his unconventional demands.

Elon Musk stated that the order backlog for the Tesla Cybertruck currently far exceeds production capacity. It is expected that the existing production line will be dismantled to expand the Cybercab production line in June or July next year.

The U.S. Department of the Treasury has imposed financial sanctions on eight Canadian currency service companies, stating that these companies have business dealings with sanctioned Iranian entities. The Treasury Department's statement indicated that the aforementioned companies facilitate the exchange of Iranian rials and other currencies and digital assets, enabling them to conduct international transactions. The related sanctions will isolate these companies from the U.S. dollar financial system.The U.S. Treasury stated that these businesses handle transactions for sanctioned Iranian digital asset exchanges and digital asset addresses associated with the Iranian Islamic Revolutionary Guard Corps. Treasury Secretary Scott Bessent stated that Canada cannot become a haven for illegal financial practitioners providing sanction evasion services to the Iranian regime and its proxies, and the Treasury will pursue and cut off financial channels for the Iranian regime globally. This action was coordinated with Canada's financial intelligence agency FINTRAC, as some sanctioned entities have attempted to evade scrutiny by changing their names and addresses.On the same day, the U.S. "Rewards for Justice" program offered a reward of up to $20 million and possible relocation arrangements for information regarding Iran's nuclear program, including its facilities, equipment, and personnel. The statement noted that Iran has not complied with the International Atomic Energy Agency's safeguards oversight, resulting in the agency losing "knowledge continuity" regarding Iran's production of enriched uranium and centrifuge components.

According to a notice from the U.S. Department of the Treasury, as part of the "Economic Exile Action," FinCEN issued an order against the cryptocurrency exchange MEXC Global under Section 9714(a) of the Anti-Money Laundering Act concerning Russia, prohibiting U.S. financial institutions from conducting any fund transfers with it, thereby cutting off its access to the U.S. financial system. The order will take effect 30 days after its publication in the Federal Register.The Treasury stated that between May 2021 and May 2026, MEXC Global facilitated at least $16 billion in transactions related to sanctions evasion and cybercrime involving Iran, North Korea, and Russia, including approximately $22 million in transactions related to the Central Bank of Iran and the Quds Force of the Islamic Revolutionary Guard Corps, as well as nearly $1.5 billion in transactions related to sanctions evasion concerning Russia.

According to the South China Morning Post, the Nasdaq-listed Solana Company plans to expand its business presence in Hong Kong, increasing its local team from currently fewer than 10 people to up to 30, and establishing Hong Kong as its new headquarters for the Asia-Pacific region.The company's Chairman and CEO Joseph Chee stated that the tokenization business of large financial institutions in Hong Kong is still in its early stages, whereas the U.S. market is developing more rapidly. The company expects to evaluate the progress of the Hong Kong market in about six months, and if there are still no large tokenization service providers at that time, it will consider forming its own team to provide relevant services to local banks.Last month, Solana Company was listed by the Hong Kong SAR government as a key enterprise for introduction, with its business positioning covering digital asset infrastructure and services.

Elon Musk stated that Tesla plans to gradually reduce Cybertruck production at its Texas factory starting in mid-2027 to expand the production of Cybercab.Tesla began producing Cybertruck at its Austin factory in 2023, but market demand has been poor. Tesla has been producing the golden two-seater Cybercab at the Austin factory as an important part of its transformation plan.

According to Jinshi Data, optical module manufacturer Zhongji Xuchuang announced at noon that the industry demand remains strong, with major customer orders basically covering the entire year of 2027, and some key customers have provided clear demand guidance for 2028.The company expects that the demand for 800G and 1.6T orders will continue to grow rapidly, and the demand for next-generation optical interconnect products such as NPO and XPO will gradually be released in the second half of next year, applicable to scenarios such as scale-out and scale-up. The company is actively preparing materials and production capacity to better prepare for increased volume in 2027.

According to on-chain analyst Yu Jin's monitoring, Micron (MU) plummeted 17% last night. A whale opened a long position worth $31 million at $775.25 just before the drop began at 11 PM last night, and then MU fell to a low of $650, resulting in an unrealized loss of up to $5 million. Currently, MU has rebounded to around $700, with losses narrowed to $3.12 million.

According to Gate market data, the MSCI Asia-Pacific Index's decline narrowed to 3.3%, after previously dropping over 5%.