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Micron pauses its $4.5 billion factory plan in Taoyuan, labor disputes threaten AI storage expansion

According to Bloomberg, due to ongoing labor disputes with employee unions, Micron Technology has essentially suspended its plans to build a new storage chip factory in Taoyuan, Taiwan, with a project investment budget of $3 billion to $4.5 billion, originally scheduled to start production in 2028. Sources indicate that Micron is concerned that the agreement reached with the union may be overturned, and currently only a small amount of site safety maintenance work is being retained, after which construction will be frozen.The dispute arises from employees' demands to share the profit growth brought by the AI boom. The Taoyuan union is requesting that Micron distribute 15% of its operating profits to global employees and hopes to receive a full cash bonus rather than a portion in stock. Although Micron reached an agreement with the larger Taichung union in October, some employees are dissatisfied with the terms of the agreement, and the Taoyuan union is attempting to expand its organization to push for renegotiation.The project was originally planned to produce high-bandwidth memory (HBM) and DRAM using ASML's advanced equipment. Taiwan currently contributes about 60% of Micron's DRAM output and is also an important production base for HBM, employing approximately 15,000 people. Micron responded that the company's existing operations in Taiwan are normal and will ensure business continuity for customers, but did not directly comment on the suspension of the Taoyuan project. Taiwan's economic department stated that the government will assist Micron in resolving differences with the union and promote the implementation of the investment plan.

Franklin Templeton launched two Bitcoin DRIP index ETFs, KR1 purchased 5,000 TAO to layout Bittensor

According to BBX data, the global capital markets disclosed the latest developments yesterday regarding the issuance of digital asset ETFs, AI node operations, and treasury clearing. The core information is as follows:Franklin Templeton launched two "Dividend Reinvestment Bitcoin" ETFs, listed on Nasdaq: Asset management giant Franklin Templeton announced the official launch of two innovative fund products, the Franklin U.S. Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin U.S. Innovation Bitcoin DRIP Index ETF (FIBT). Both ETFs have an initial asset allocation set at 95% stocks and 5% Bitcoin, with the core mechanism being the systematic reinvestment of dividends generated from the underlying stocks into Bitcoin. The index will be re-evaluated quarterly to ensure Bitcoin maintains its minor allocation weight. Among them, FBEQ covers approximately 500 of the largest U.S. companies by market capitalization, with a management fee rate of 0.09%; FIBT focuses on covering 100 large non-financial companies listed on Nasdaq, with a fee rate of 0.19%.KR1 purchased and staked 5,000 TAO, entering the decentralized AI infrastructure of Bittensor: London Stock Exchange-listed company KR1 announced that it has officially launched infrastructure operations on the decentralized AI network Bittensor. The company recently purchased and staked 5,000 TAO in the secondary market, supporting network validators to earn mining rewards. KR1 disclosed that, based on the network reward rate as of October 28, the annualized infrastructure income from this deployment is approximately 6.6% of its current total TAO holdings. In the future, KR1 will regularly disclose the scale of its TAO holdings and related node income in its monthly unaudited update reports.Ruihe Smart Technology sold 38.76 Bitcoins, cashing out over 3.12 million dollars to supplement working capital: Hong Kong-listed company Ruihe Smart Technology issued an official announcement stating that the company recently sold 38.76 Bitcoins held on its balance sheet in the open market. Excluding related transaction costs, the total value of this asset liquidation is approximately 3.1219 million dollars. The company clearly stated that the proceeds from this sale of crypto assets will be used as general working capital for the company.

first_img On-chain infrastructure company KR1 purchased 5,000 TAO and initiated Bittensor staking

On October 29, KR1 plc, a company listed on the main board of the London Stock Exchange that focuses on on-chain infrastructure, announced the launch of its technical infrastructure operations on the decentralized artificial intelligence network Bittensor. The company stated that it has recently acquired 5,000 network-native assets TAO and has initiated staking as part of its technical infrastructure strategy. Based on the reward rate observed on October 28, the company estimates that the annualized infrastructure income is approximately equivalent to 6.6% of the current value of the deployed TAO holdings.The announcement stated that Bittensor is a layer blockchain that supports subnets, covering services such as AI inference, computing power, training, and prediction, where independent suppliers compete for network rewards based on performance. KR1 supports the assessment of service provider performance through staking and receives a portion of the network rewards. There is no mandatory unbonding period for TAO unstaking, allowing the company to retrieve its holdings immediately after unstaking. Rewards can be retained to expand the scale of productive assets or can be liquidated for subsequent investments and operational costs. The company will also disclose its TAO holdings and related infrastructure income in monthly unaudited updates.Keld van Schreven, Managing Director and Co-Founder of KR1, stated: "As artificial intelligence enables more complex tasks to be performed by software, the demand for infrastructure related to supply-side intelligence is expected to grow significantly. Bittensor introduces open competition for the supply of AI services, and the company is focused on how its incentives are forming services that lead to continuous customer payments, as well as how to deploy TAO holdings to enhance the value and income potential of productive digital assets per share." KR1 claims to be the only publicly listed company on the main board of the London Stock Exchange that focuses on on-chain infrastructure, holding and operating productive digital assets on the relevant network.

DeepSeek plans to invest in the startup founded by Yu Tao, the head of the Pre-International Dynamics Model, with a valuation of 200 million USD

According to Top Chinese Innovation Society reports, former head of the basic model for humanoid robots at ZhiJi Dynamics, Yu Tao, has left to start his own venture, focusing on the combination of LLM and embodied intelligence. According to relevant sources, his company's first round valuation is 70 million USD, and the second round valuation is 200 million USD, with DeepSeek and a leading top-tier fund participating in the investment.Yu Tao holds a PhD from the University of Science and Technology of China and was a visiting scholar at the National University of Singapore. He previously served as a senior researcher in Tencent AI Lab's Absolute Enlightenment team, where he led the team to build the full-body tracking system LimX WBT and the motion generation system from scratch during his time at ZhiJi Dynamics. According to reports from Phoenix Technology, DeepSeek founder Liang Wenfeng has recently met with several entrepreneurs in embodied intelligence and is internally evaluating different entry methods, such as forming a team independently or investing in external startups.In August of this year, DeepSeek invested approximately 141 million RMB through a strategic placement in Yushu Technology for its IPO; previously, Bloomberg also disclosed its plan to lead the investment in the robotics company Winverse AI founded by former Tencent AI scientist Hu Han.

first_img Micron Technology's Taoyuan Union in Taiwan has received authorization for a strike, and the bonus dispute has escalated

According to a report by Reuters, reprinted by Nikkei Asia, the union representing employees at Micron Technology's Taoyuan plant in Taiwan announced on Wednesday that it has obtained authorization for a strike, with the focus of the dispute being the company's bonus plan. The union stated that 1,994 members voted in favor of the strike, accounting for 99% of the voters, while details such as the timing of the strike are still under discussion. Micron has approximately 15,000 employees in Taiwan, with independent unions in Taoyuan and Taichung, and the two unions together represent over 80% of Micron's employees in Taiwan. Micron Taiwan is the company's largest manufacturing base.Taiwan is a key production site for Micron's DRAM and high-bandwidth memory, with related chips being important components for AI servers. Mediation with the Taoyuan union did not reach an agreement in September, and the Taichung union is still in negotiations. In September, Micron announced that it would distribute bonuses for the fiscal year 2026 to over 60,000 employees worldwide, stating that the company had experienced an "extraordinary year," with Taiwanese employees receiving a cash bonus of 1 million New Taiwan Dollars, approximately 31,400 US dollars. The Taoyuan union stated that the plan did not address the request for a permanent profit-sharing mechanism and criticized Micron for announcing the bonuses without first reaching an agreement with the union during the mediation period.

first_img SK Hynix's Taobao flagship store has removed all products and plans to cease operations

According to reports from The Paper and others, on August 24, consumers claimed that the Taobao Tmall store "SKhynix Flagship Store" suddenly announced the termination of its operations, raising concerns about the after-sales warranty of the purchased memory modules. The store's homepage indicated that it plans to voluntarily terminate operations on September 9, 2026, and has removed all products, making it currently impossible to search for the store directly on Taobao.Customer service on the Taobao platform stated that if an order is still within the after-sales validity period after the store closes, customers can apply for repairs or refunds on the order details page; if there is no after-sales entry or the seller has not processed it, customers can contact platform customer service for assistance or check if they are entitled to the brand's official warranty. On August 25, SK Hynix's stock price opened lower and continued to decline, falling more than 4% as of the related report.In another report, members of the SK Hynix union voted against a preliminary wage agreement reached after two months of negotiations, with 50.08% of the 15,045 employees who participated in the vote opposing it, with only a 25-vote difference between approval and disapproval. The agreement originally included a 6.3% wage increase and adjusted the profit-sharing bonus to 40% cash and 60% company shares, whereas it was previously distributed entirely in cash.
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