Serenity: The decade from 2020 to 2030 may be the fastest period of technological progress in human history.

SK Hynix officials said financing for its new factory will primarily be based on operating cash flow, with the scale and timing of financing adjusted flexibly according to market conditions. The company is also exploring multiple financing options, including partnerships with global partners.

Goldman Sachs strategists said that driven by a "solid macro backdrop" and the artificial intelligence investment boom, the U.S. stock market is likely to see another strong earnings season. The team led by Ben Snider noted that the S&P 500’s earnings trend is strong enough to surpass analysts’ already elevated expectations. In a report, Snider wrote that AI infrastructure stocks are projected to contribute roughly 60% of second-quarter earnings per share (EPS) growth, with Micron Technology and NVIDIA together accounting for over 40% of that total.

Samsung announced an investment plan totaling 2655 trillion won, with 2030 trillion won earmarked for semiconductor industrial clusters in Yongin and Pyeongtaek, South Korea.

ECB Governing Council member Kazaks said there is no need to rush multiple interest rate hikes for now. (Jinshi)

The troubled cryptocurrency exchange BitMEX, which is seeking a sale, has undergone significant management changes: Chief Executive Officer Stephan Lutz, Chief Financial Officer Ina Steiner, and Chief Growth Officer Raphael Polansky have all departed the firm. Peter Wilkinson, the company’s former Global General Counsel and Chief Operating Officer, has assumed the role of CEO. These personnel shifts are reflected in the recent LinkedIn updates of the relevant individuals. As of press time, Peter Wilkinson, Stephan Lutz, Ina Steiner, and Raphael Polansky have not immediately responded to requests for comment.

Samsung Electronics and SK Hynix have announced large-scale investment plans. Morningstar equity analyst Jing Jie Yu stated that SK Hynix’s Yongin semiconductor cluster has a total committed investment of approximately 600 trillion won. If the new commitments are independent investments, this could signal a significant oversupply risk over the next decade. Uncertainty led to the stock price dipping at one point today. He noted that he still maintains the view that memory chip pricing is cyclical in the long term, expecting new production capacity to take at least two to three years to come online. Initial demand will exceed supply, but typically in the later stage—during the production capacity peak—demand slows, resulting in oversupply. Yu believes memory chip supply shortages will intensify, but long-term contracts and the large cash reserves of manufacturers are driving a series of capacity investments. Unless the return on investment of hyperscale cloud service providers can keep pace with sales and price growth throughout the period, this trend will be unsustainable over the next decade.