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Capital Economics believes that the sell-off of U.S. Treasuries is mainly due to changes in market expectations for interest rates in the near term. Economist James Reilly pointed out that the 10-year U.S. Treasury yield is close to its 2007 peak, reflecting rising oil prices and a strong U.S. economy, rather than being driven by AI bond issuance or fiscal concerns. Reilly expects the 10-year U.S. Treasury yield to fall to 4.25% by the end of 2027.

According to a report by ZDNet Korea on September 28, Samsung Electronics is accelerating the construction of the first mass production line (Ph1) at the Pyeongtaek Fifth Campus (P5) and is discussing with major equipment manufacturers to move the target for Ph1 equipment installation from the originally planned third quarter of next year to the second quarter of next year. P5 is the next-generation semiconductor production base aimed to be operational by 2028, and the construction of the Ph1 cleanroom began in the third quarter of this year.Samsung Electronics had previously advanced the completion of the P5 Ph1 cleanroom, originally scheduled for early next year, by about six months, so the equipment installation is expected around the third quarter of next year. Industry insiders say that the start time for equipment installation is planned to be moved up from July to August next year to around May to June next year; others have indicated that Samsung has even proposed to deliver equipment in the first quarter of next year for temporary storage at other locations, showing a strong willingness to invest early.Discussions on the investment for the second phase of P5 (Ph2) are also progressing. Currently, Ph1 is more likely to be built as a DRAM and HBM production line, while Ph2 is more likely to be built as an advanced NAND production line, including the tenth generation (V10). Equipment industry insiders say that formal purchase orders have not yet been placed, but Samsung has discussed building Ph2 as a NAND production line with partners, and due to the long equipment delivery cycle, they are requesting to prepare relevant components in advance. Reports indicate that large global tech companies are increasing orders for high-performance DRAM and NAND for AI infrastructure, while storage companies like Samsung have limited production capacity. Samsung stated during the second quarter earnings call in July that unmet demand this year will extend into next year, and the supply shortage next year will be more severe than this year, with shortages expected to continue until 2028.

LG Electronics has joined NVIDIA's official partner program for AI data center cooling solutions and has been recognized as the preferred partner in the "Power and Cooling" category.LG aims to expand its presence in the hyperscale data center and colocation market, particularly in North America. Currently, over 60% of the demand for new data center capacity globally is concentrated in North America.

According to Catcher Predict monitoring, in the predicted market event "Houston Astros vs. Athletics" on Polymarket, the "Over" option in the sub-market "O/U 8.5" has experienced a dramatic fluctuation in winning probability, soaring from 31% an hour ago to the current 64% (a fluctuation of 33%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the market prediction event "Houston Astros vs. Athletics" on Polymarket, the "Houston Astros" option in the sub-market "Houston Astros vs. Athletics" experienced a sharp fluctuation in winning probability, dropping from 60.5% an hour ago to the current 45.5% (a fluctuation of 15%). Please note the impact of related breaking news.

The Oxford Economic Research Institute stated that its U.S. business cycle indicator has fallen into recession territory, as rising energy prices squeeze household incomes and a slowdown in immigration weakens job growth.However, factors such as productivity growth, wealth effects, and AI investment continue to support the economy, showing no typical signs of recession.

Capital Economics stated that if the United States implements a diesel export ban, customers in Latin America and Europe will be the first to be affected, and global prices will also be impacted. Chief Commodities Economist David Oxley mentioned that the reduction in U.S. diesel flows will weaken a key supplemental source in the global market. Capital Economics estimates that a comprehensive ban could reduce global marine diesel supply by 30%.

According to a report by ZDNet Korea, Samsung Electronics is adjusting its next-generation DRAM strategy by incorporating the previously project-based B1b into its official roadmap, naming it the first DRAM D0a below 10 nanometers. Previously, D0a referred to vertical transistor DRAM, and this product is now classified separately as D0a-V. This renaming aims to accelerate the introduction of advanced packaging in general DRAM.B1b will manufacture storage cells and peripheral driver circuits on different wafers before bonding them together, using wafer-to-wafer hybrid bonding and directly connecting through copper interconnects. The currently commercialized DRAM is 1c, which is the 6th generation 10 nanometer level, with a line width of about 11 to 12 nanometers; the next generation 1d is the 7th generation 10 nanometer level, with a line width of about 10 to 11 nanometers, considered effectively the last 10 nanometer level product, with the related line width being a marketing term rather than an actual physical size. Vertical transistors can arrange transistors within the cell vertically, reducing the cell area from 6F² to 4F², but they need to address high aspect ratio etching and leakage current, making development more challenging. Wafer-to-wafer hybrid bonding has already been mass-produced in CMOS image sensors and high-stacking NAND.Samsung Electronics is evaluating the use of B1b for the 8th generation high bandwidth memory HBM5. HBM5 is expected to be mass-produced around 2029, aiming to increase operating speed by more than 50% compared to HBM4E. Industry estimates suggest that D0a DRAM based on B1b will be commercially available in about two years, with specific mass production investment schedules likely to be determined by mid-next year.

According to Catcher Predict monitoring, in the Polymarket event "Los Angeles Angels vs. Athletics," the sub-market "O/U 9.5" for the "Over" option has experienced a dramatic fluctuation in winning probability, soaring from 72% an hour ago to the current 94% (a fluctuation of 22%). Please note the impact of relevant breaking news.

Aoni Electronics announced that its wholly-owned subsidiary Aoni Intelligent Technology (Zhongshan) Co., Ltd. has signed a procurement contract with Company A to purchase GPU computing power cards, with a total contract amount of 1.67 billion yuan (including tax). The contract has been officially signed and is effective.

According to Money Today on September 21, Samsung Electronics is advancing the expansion of advanced process capacity in wafer foundry due to the growth of the HBM market. To meet the rising demand for HBM4 base chips, it is evaluating the expansion of its 4-nanometer process. Samsung's HBM4 consists of 10-nanometer 6th generation (1c) DRAM core chips and 4-nanometer logic base chips, with the base chips responsible for high-speed data exchange with AI accelerators such as GPUs.Unlike SK Hynix, which uses TSMC's 12-nanometer process for HBM4 base chips, Samsung employs its own 4-nanometer process. This production line is operating at full capacity and has taken on orders from companies like Nvidia and Groq for 3 LPU, and the company has recently raised its prices for new 4-nanometer orders and HBM4 base chips. Samsung expects HBM4 revenue in the third quarter to increase more than threefold quarter-on-quarter, with HBM4 accounting for significantly more than 60% of HBM revenue in the second half of the year. The additional expansion at P4 in Pyeongtaek will mostly be used for 1c DRAM for HBM, with more than half of the wafer foundry's 4-nanometer capacity allocated to HBM4 base chips.HBM4E also uses 4-nanometer base chips, and Samsung provided samples to customers in May. The company is also evaluating the construction of a new 2-nanometer production line for HBM5, aiming for a GAA structure 2-nanometer process and increasing TSV density to improve operating speed by more than 50% compared to HBM4E. Samsung started the first generation of 2-nanometer mass production in the second half of last year and is advancing the second generation of products in the second half of this year. Citigroup expects global HBM bit demand to reach 75.2 billion Gb next year, a year-on-year increase of 62%, with supply around 59.4 billion Gb and a gap of about 21%.

According to Nikkei Asia, Chinese startup Unitree Robotics saw its stock price drop more than 50% from its opening price one month after listing on the Shanghai Stock Exchange. The market capitalization corresponding to the company's opening price reached 66 billion dollars.The report states that as the IPO frenzy subsides, investors are assessing the future of humanoid robots, with retail investors paying closer attention to the potential of humanoid robots. Unitree Robotics is a Chinese robotics startup, with products covering quadrupedal robots and humanoid robots.

According to a report by Seoul Economic Daily, Samsung Electronics plans to increase the production of the sixth-generation high bandwidth memory HBM4 and the seventh-generation HBM4E, among other HBM4 series, by at least more than double compared to this year. The company intends to outsource the cleaning volume of glass substrates required for thinning HBM DRAM from 20,000 pieces per month this year to 50,000 pieces per month next year, an increase of 2.5 times compared to this year. Last year, the monthly demand for these substrates was about 10,000 pieces, which has already doubled this year compared to last year.The HBM4 and HBM4E that Samsung Electronics is focusing on expanding production are primarily high-stacking products with 12 layers or more. The company began mass production and shipment of HBM4 using sixth-generation 10nm (1c) DRAM and 4nm process-based chips in February this year, and provided 12-layer samples of HBM4E to customers such as Nvidia in May. The industry expects that, based on monthly wafer input, Samsung Electronics' HBM production capacity will increase from about 180,000 pieces this year to about 250,000 pieces next year, an increase of nearly 40%; the shipment proportion of the HBM4 series may rise from about 40% this year to about 80% next year.

Samsung Electronics hired former Director of the Foreign Exchange System Division of the Ministry of Finance and Economy, Lee Hee-kun, for its IR team as an executive last month. Lee Hee-kun has held positions such as Director of the Foreign Exchange System Division and Director of the Capital Market Policy Division, responsible for foreign exchange systems and overseas investment responses. In April this year, he participated in the work of including South Korea in the World Government Bond Index and received special recognition. He is expected to be responsible for responding to overseas investors and the global capital market.SK Hynix hired former Director of the Strategic Economic Division of the Ministry of Finance and Economy, Jeong Yu-jin, as the Vice President under the Communications Division last month. Jeong Yu-jin has served as the Director of the Climate and Environment Budget Division, Secretary to the Deputy Prime Minister for Economic Affairs, Director of the Foreign Exchange System Division, and Director of the Foreign Exchange Fund Division. Both companies are advancing production investments in the United States, with Samsung Electronics planning to invest $37 billion to build a foundry in Taylor, Texas, and SK Hynix planning to invest $4 billion to build an advanced packaging factory in Indiana.

According to the Science and Technology Innovation Board Daily, Shanghai-based embodied haptic company Qianjue Robotics has announced the completion of two rounds of strategic financing totaling hundreds of millions. Previously, Qianjue Robotics had announced the completion of financing at the hundred million level, with investors including embodied intelligence industry players, Tianji Capital, and Jide Electric. Currently, Qianjue's shareholders include financial investment institutions such as Hillhouse Venture Capital, Yuanhe Origin, and Futen Capital, as well as industry players in the embodied and industrial fields like Li Auto, Zhiyuan Robotics, and Jide Electric.This round of funding will focus on product upgrades, business expansion, and industrial implementation, accelerating the iteration and large-scale delivery of high-precision visual and haptic sensors, improving the collection of real interaction data, haptic simulation, and dataset construction, and continuously promoting the research and development of haptic embodied models and haptic world models.

According to Catcher Predict monitoring, in the Polymarket event "Athletics vs. Tampa Bay Rays," the option "Tampa Bay Rays" in the submarket "Spread -1.5" experienced a dramatic fluctuation in winning probability, dropping from 62.5% an hour ago to the current 16% (a fluctuation of 46.5%). Please note the impact of related breaking news.

According to CoinDesk, hardware wallet manufacturer Trezor confirmed that due to a logistics supplier's information leak, the names, phone numbers, and addresses of an additional 67,000 customers were exposed.Another data breach disclosed about 200,000 records, including government ID numbers and verified wallet addresses. Address data stolen from a hardware wallet manufacturer in 2020 is still being used to send physical mail requesting Bitcoin.

According to Catcher Predict monitoring, in the market prediction event "Athletics vs. Tampa Bay Rays" on Polymarket, the "Over" option in the sub-market "O/U 6.5" has experienced a dramatic fluctuation in winning probability, plummeting from 49.5% an hour ago to the current 12.5% (a fluctuation of 37%). Please note the impact of related breaking news.

According to the Chosun Ilbo report on September 15, Samsung Electronics and SK Hynix's third-quarter operating profit consensus has been raised again within three months. Based on reports from major brokerages and overseas investment banks, Samsung Electronics' estimated operating profit for the third quarter is approximately 114 trillion won, an increase of 12.2836 trillion won (12%) from 101.9052 trillion won three months ago, and a 28% increase from 89.4 trillion won in the second quarter. SK Hynix's estimate for the third quarter is 78.8035 trillion won, a 4% increase from 75.7249 trillion won three months ago, and a 30% increase from 60.5426 trillion won in the second quarter.TrendForce expects the fixed transaction prices for general DRAM in the third quarter to rise by 13% to 18% quarter-on-quarter, while NAND flash is expected to rise by 10% to 15%. The securities industry is paying attention to Samsung Electronics' HBM4 revenue share, which expanded from 5% in the first quarter to about 35% in the second quarter, along with improvements in yield rates. SK Hynix maintains the largest market share in HBM, but improvements in Samsung's HBM4 mass production may dilute its supply premium. Citigroup Securities has lowered SK Hynix's third-quarter operating profit estimate from 76.7 trillion won to 74 trillion won due to the strengthening of the won. Micron will announce its fourth-quarter results for fiscal year 2026 (June to August) on the 30th, with revenue guidance of $49 billion to $51 billion.