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first_img Chinese companies reduce eSSD orders, Samsung and SK Hynix increase supply to the U.S

ZDNet Korea reported on November 12 that storage companies such as Samsung Electronics and SK Hynix have decided to allocate additional supplies of enterprise-level solid-state drives (eSSD) that are currently being discussed with Chinese customers to U.S. customers. Major Chinese artificial intelligence companies such as Alibaba, Baidu, and Tencent have decided to reduce the scale of eSSD orders to below expectations, and storage companies are aware of this situation. The report states that after the U.S. strengthened export controls on artificial intelligence to China, the supply of high-performance artificial intelligence semiconductors such as graphics processors and high-bandwidth memory has become difficult, leading to a decrease in the demand for accompanying storage.eSSD is a NAND-based storage module primarily used for data centers, serving as an auxiliary storage device for data preservation. Insiders indicate that the main reason for the order reduction among Chinese companies is the difficulty in supplying artificial intelligence semiconductors. The U.S. government has effectively prohibited companies like NVIDIA and AMD from exporting high-performance artificial intelligence semiconductors to China, and the accompanying high-bandwidth memory is also subject to controls. Previously, Chinese companies had circumvented these controls through overseas entities and product disassembly, but these alternative routes have gradually faced obstacles, causing delays in investment plans.Another insider stated that the adjustment of eSSD supply plans for China by storage companies is true, and the related supply volume plans are being shifted to U.S. cloud service providers. This person noted that the storage demand from U.S. data centers remains robust, and the supply shortage may continue into next year and the year after. Industry insiders say that the tight supply of NAND in global markets such as the U.S. is still ongoing, and the reduced demand in China will be taken up by U.S. data center companies; this adjustment will not have a significant impact on the overall demand for NAND and SSD.

first_img The Samsung etching process formula has been exposed to have flowed multiple times to the Lam Research Korea company

According to the South Korean semiconductor media THE ELEC, the etching process formula used by Samsung Electronics for semiconductor manufacturing has been reported to flow to the equipment supplier Lam Semiconductor's Korean company. An internal investigation by Samsung found that data transmission beyond authorized limits had occurred multiple times and regarded this matter as a serious technology leak incident. Lam Semiconductor is the equipment supplier for Samsung's semiconductor production line, primarily providing etching and deposition equipment.Data generated during equipment operation is stored in systems such as internal monitoring servers within the factory. According to the agreement between both parties, Lam Semiconductor can obtain some equipment data within a limited scope for performance optimization and maintenance, and its Korean company submits data requests to Samsung. Samsung's investigation revealed that some unauthorized process formulas were transmitted to Lam's Korean company in the form of independent documents, with the related transmissions originating from non-compliant requests, not being a one-time occurrence. Samsung discovered this issue in the second half of this year.The semiconductor process formula records key parameters such as equipment temperature, chamber pressure, gas flow, and processing duration, which directly affect chip yield, performance, and production stability, and are considered core technical data of wafer manufacturing enterprises. Lam Semiconductor's Korean company announced on November 6 that Kim Tae-won would replace Park Jun-hong as CEO. Some industry insiders have linked this leadership change to the data leak incident, but there is currently no public information proving a direct relationship between the two. Neither Samsung Electronics nor Lam Semiconductor's Korean company has responded to inquiries from THE ELEC.

first_img VeChain CEO Sunny Lu: Blockchain is the perfect solution for AI agent trust

According to Cointelegraph, VeChain co-founder and CEO Sunny Lu recently stated in Cointelegraph's Chain Reaction program that autonomous AI agents operating around the clock require a "new accountability system" to establish public trust, and that "the perfect solution is blockchain."He made this statement while introducing the AI agent platform VeWorld.ai built on the VeChain blockchain. According to his vision, AI agents will have digital "passports" and operate within a "decentralized reputation system" that tracks the reputation of agents and their creators, while smart contracts can help settle transactions between agents or between agents and people. VeChain has previously advanced blockchain applications through supply chain tracking, including food traceability projects.Lu believes that AI agents can also help individuals convert their expertise into businesses or services, expanding software development opportunities to non-developer groups. He likened this opportunity to mobile app stores, which allow individual developers to distribute and monetize their creations, while agent-building tools can open this market to people beyond programming skills, including those with professional experience, local knowledge, or hobbies.He himself has undertaken several initiatives, including creating an educational agent for his daughter, an agent to support his mother's daily routine and rehabilitation, and a virtual employee to manage procurement, inventory, sales, and operations for a shop owned by an acquaintance in Milan.Meanwhile, other industry participants have pointed out the risks of relying on agent service providers. Animoca Brands Chairman Yat Siu stated in an October interview with Cointelegraph that while crypto traders can have AI agents work around the clock, he warned users that they might build trading strategies around services they cannot control.

first_img Samsung Wallet launches stablecoin accounts, supporting USDC on the Solana blockchain

Samsung Wallet has launched a stablecoin account for eligible Galaxy users in the United States, allowing them to buy, hold, send, and receive USDC issued by Circle on the Solana blockchain without the need to download a separate crypto app or manage private keys. This feature covers approximately 82 million compatible Galaxy devices in the U.S.The service is built in collaboration with licensed stablecoin custodian and infrastructure provider Bastion and Coinbase, with Coinbase acting as a sub-custodian for Bastion to hold USDC through Coinbase Prime Vault. Samsung emphasizes that this account is a crypto wallet and not a bank account. Users can transfer funds to other Samsung Wallet users within the U.S. and compatible external crypto wallets without incurring Samsung fees, and they can also remit to qualified bank accounts in over 60 countries, with the recipient possibly receiving funds in local currency, and fees varying by destination. A 4% fee is charged for credit card top-ups, and withdrawals to bank accounts or debit cards incur the same charge. New users who top up $50 for the first time can receive $25 in USDC. The service requires Android 13 or higher and is available to U.S. residents aged 18 and over, excluding New York State.Lily Liu, Chair of the Solana Foundation, stated that stablecoins have proven the technology viable over the past decade, but what is lacking is a way to reach mainstream users. Woncheol Chai, head of Samsung's mobile business digital wallet team, mentioned that stablecoins are expected to make global fund transfers faster and more convenient, with Solana helping Samsung expand this experience to its scale. Samsung first announced this feature on October 7 and indicated plans to explore online and offline stablecoin payments while expanding to more markets in compliance with local regulations.

The legal team of Sun Yuchen filed a sanctions application against WLFI, stating that it only disclosed the shareholder's UAE citizenship months after the lawsuit

Sun Yuchen posted on platform X that his lawyer has applied for sanctions against World Liberty Financial (WLFI) because the company disclosed the UAE citizenship of its shareholders months after he filed the lawsuit.Sun Yuchen stated that he signed a token purchase agreement to buy $30 million of WLFI in November 2024, later increasing the total investment to $45 million, and filed a lawsuit against WLFI in April this year, accusing it of fraudulently inducing investment and illegally freezing his tokens. According to his token purchase agreement, the case can be filed in federal or state court in California, and he chose federal court.Sun Yuchen claimed that the disclosure documents submitted by WLFI at the beginning of the case only listed one entity of WLFI, registered in Florida, and then filed a motion for mandatory arbitration; during the August hearing, the court hinted that it did not recognize the arbitration claim and ruled that some demands would remain for public trial. Less than a week later, WLFI suddenly "corrected" the disclosure documents, increasing the number of members in the ownership chain from 1 to 22, and claimed to have citizenship in Florida, Delaware, Puerto Rico, and the UAE, thereby arguing that the federal court has no jurisdiction because both parties have foreign entities.Sun Yuchen pointed out that WLFI claims it "is not an offshore organization," is "a company that pays taxes in the United States," and "when selling tokens, it poses as a U.S. company, only to discover its UAE identity when trying to escape the U.S. federal court." He stated that after the sanctions motion is ruled on in federal court, he will refile the lawsuit in California state court.
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