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According to on-chain analyst Yu Jin's monitoring, the largest short position established the day before Changxin Storage (Changxin Storage) went public has been completely closed 10 hours ago.This address shorted at a price of $6.5 and closed the position at a price of $8.5 after holding for 2 months, resulting in a total loss of $10.98 million, including a funding fee loss of $5.18 million and a price change loss of $5.8 million.

Tesla (TSLA.O) deployed 13.7 gigawatt-hours of energy storage products in the third quarter.

According to Gate market data, some U.S. storage chip stocks fell before the market opened, with Seagate Technology down 11.4% and Western Digital down 7.1%.

Micron Technology Chairman and CEO Sanjay Mehrotra stated that, in addition to data centers, physical AI will be the next huge incremental market. Autonomous vehicles are the first major deployment of physical AI, with memory capacities for Level 4 and above autonomous vehicles typically exceeding 200GB and storage capacities reaching several TB. Micron believes that physical AI will become an important driver of storage demand.

The DeFi protocol Sentora has initiated an ARFC proposal to operate an independently curated lending market on Aave V4.According to the proposal, Sentora will be responsible for market operations, including collateral assets and interest rates, while the Aave DAO will retain ownership and ultimate control of the smart contracts. The lending assets will be limited to RLUSD, PYUSD, and OUSD, while the collateral will include USDe, PRIME, mWIN, PST, and kBTC. The protocol revenue generated by the market is expected to be split equally between the Aave DAO and Sentora.

According to a report by South Korea's "JoongAng Ilbo," a statement obtained from a former head of equipment investment at Changxin Memory Technologies (CXMT), who has a background at Samsung Electronics, reveals that the former CEO of CXMT, Wang Ningguo, summoned the Korean team, including the individual in question, from October to December 2016. He demanded they bring back Samsung Electronics' Process Recipe Plan (PRP) and equipment information, threatening to report them to the South Korean government if they failed to do so, and warned them to verify their connections and not to lie. The individual stated that they felt scared at the time. The report mentioned that CXMT's management referred to Samsung Electronics as "Huangshan."After working at Samsung Electronics for 28 years, the individual joined CXMT and was prosecuted for allegedly leaking and using Samsung's 1.6 trillion won investment in the world’s first 18-nanometer DRAM process without authorization. In April of this year, they were sentenced to seven years in prison in the first trial and are currently in the second trial. The PRP includes the sequence of about 600 steps in DRAM manufacturing, equipment, condition values, and the companies and models of the equipment. Park, a former process design engineer at Samsung, hand-copied the relevant content into a 12-page notebook in September 2016 and brought it out, and is currently under an Interpol Red Notice.During the court hearing, the individual stated that there was a claim made during communications with the Chinese side that investment would not be provided to CXMT if they could not produce the 18-nanometer process. They later learned that the other party had wanted the technology from the very beginning, and CXMT initially had no plans to develop it independently. The pressure mentioned occurred before a meeting to prepare for the investment application. CXMT was established in 2016 with an investment of 14.4 billion yuan from Hefei Industrial Investment, a subsidiary of the Hefei municipal government, and had not been profitable for about 10 years, achieving its first annual profit last year with a net profit of 7.1 billion yuan.

Saudi Arabian Foreign Minister Faisal stated at the United Nations General Assembly that the Strait of Hormuz must be restored to its status before February 28, without any fees or restrictions.He emphasized that Gulf security is closely related to global energy security and the stability of international trade, calling for the assurance of freedom of navigation in international waterways.

According to Gate market data, U.S. stocks opened with the Dow Jones up 0.02%, the S&P 500 index up 0.07%, and the Nasdaq up 0.1%. Tesla rose 2%, as the company plans to establish a production line for over 1,000 robots per week by the end of the year. SK Hynix rose 1.4%, Micron Technology rose 1.05%, and SanDisk rose 1.8%.

According to TechPowerUp, Chinese DRAM manufacturer Changxin Storage (CXMT) expects to reach a monthly production capacity of approximately 350,000 DRAM wafers by the end of 2026, while Micron estimates around 375,000 wafers during the same period. The cleanroom construction cycle for Changxin Storage is about 12 months, shorter than the industry norm of 21 to 24 months.Due to U.S. sanctions preventing access to EUV, Changxin Storage is using older DUV lithography and multi-patterning technology. The company has begun shipping 16 Gb DDR5 chips at a speed of 8000 MT/s, with a chip area of 67 mm² and a density of 0.239 Gb/mm², where the G4 unit is 20% smaller than the G3. The 24 Gb modules are being mass-produced at approximately 6000 MT/s, and LPDDR5X-10667 modules (12 Gb and 16 Gb) have also entered mass production. The Chinese government is encouraging Changxin Storage to transfer DRAM IP to domestic manufacturers such as JHICC, Swaysure, and Yangtze Memory Technologies (XMC).

According to Reuters, citing informed sources, Changxin Storage (CXMT) is preparing to enter the NAND flash memory chip market, expanding beyond its core DRAM business and competing with Samsung Electronics, SK Hynix, Micron, and Yangtze Memory Technologies.Changxin Storage plans to establish a NAND flash research and production line at its new factory in Beijing and set up a research institute in Beijing that includes NAND development projects. The company has discussed related plans with clients, including a startup that intends to procure chips for AI systems and supercomputers. The timeline for the operation of the R&D line or large-scale commercial manufacturing remains unclear.The global storage shortage is driven by demand for AI servers and is expected to last at least until 2027. Manufacturers prioritize DRAM and HBM spending, limiting the increase in NAND capacity. Changxin Storage raised 57.92 billion yuan in its IPO in July. Yangtze Memory Technologies was placed on the entity list in 2022.

According to a report by Reuters, informed sources say that South Korea's SK Hynix is in talks with Intel for a deal to produce memory chips in the United States for the first time. One possible option is for SK Hynix to lease part of Intel's long-planned chip manufacturing facility in Ohio; another option is to establish a joint venture with Intel and major cloud service companies eager to secure memory chip supplies.The deal would alleviate pressure on Intel and be a significant victory for the Trump administration. However, sources say that potential opposition from the South Korean side could be a major obstacle, as these technologies are considered sensitive. One source stated that the negotiations are still exploratory, emphasizing that no decisions have been made yet. If an agreement is reached, it is still unclear what type of chips SK Hynix would produce in Ohio.Its product line includes DRAM for servers, PCs, and smartphones, as well as NAND flash memory for long-term storage, and it is also a leading supplier of high bandwidth memory (HBM) used in AI processors.

Citigroup analysts pointed out that leading memory chip manufacturers are expected to benefit from the structural changes in the development of artificial intelligence. The agency anticipates that continuous learning will drive a significant increase in memory demand, leading to a supply shortage in the market that will continue until 2031. Continuous learning strengthens models by training on new tasks and knowledge, which will create a sustained demand for model updates and access to historical data, driving the storage usage of products such as HBM, server DDR5, and eSSD.Citigroup expects HBM bit demand to grow by 62% year-on-year to 75.2 billion gigabits in 2027, and by 69% year-on-year to 127 billion gigabits in 2028. Global DRAM demand is expected to grow by 30% and 35% year-on-year in 2027 and 2028, respectively, while supply is expected to grow by only 19% and 22% during the same period, resulting in supply-demand ratios of -8.7% and -9.7%. In terms of NAND, demand is expected to grow by 29% and 33% year-on-year in 2027 and 2028, respectively, exceeding supply growth of 21% and 25%, with supply-demand ratios of -6.1% and -5.5%.Citigroup's preferred storage targets include Samsung Electronics, SK Hynix, Micron, Sandisk, and Kioxia, corresponding to the logic of storage shortages brought about by continuous learning, demand for HBM and server DDR5, DRAM supply shortages, and tightening supply of high-density eSSD and NAND.

According to Gate market data, U.S. stocks opened with the Dow Jones down 0.2%, the S&P 500 down 0.1%, and the Nasdaq down 0.1%. Most storage concept stocks rose, with Micron Technology up 0.9% and SK Hynix up 2%. Star tech stocks had mixed results, with Nvidia up 0.8%, Intel up 1.6%, Microsoft down 0.8%, and Oracle down 0.5%.

Interface News has exclusively learned from the supply chain that Apple has accepted Samsung Electronics' quote for storage chips in the first quarter of 2027: DRAM is close to $2.0 per Gb, and NAND flash is close to $0.33 per Gb, an increase of 30%-40% compared to the quotes in the third quarter of this year.Interface News has reached out to Apple for confirmation regarding this news, but there has been no response at the time of publication.

During the weekend market closure of traditional markets, the perpetual contract types of stocks may have been priced in advance. According to data from RootData, based on the median price difference, memory/storage (-0.09%) and AI concept (-0.15%) both saw slight declines:iShares Semiconductor ETF (SOXX) is currently priced at $509.76, up 1.49% from the last trading day's after-hours reference price of $502.26;Nasdaq Triple Leveraged ETF (TQQQ) is currently priced at $67.68, up 0.79% from the last trading day's after-hours reference price of $67.15;Strategy (MSTR) is currently priced at $131.00, up 0.70% from the last trading day's after-hours reference price of $130.09;SPDR Gold ETF (GLD) is currently priced at $397.09, up 0.64% from the last trading day's after-hours reference price of $394.58;Coinbase (COIN) is currently priced at $176.93, up 0.57% from the last trading day's after-hours reference price of $175.93;Nebius (NBIS) is currently priced at $208.94, down 0.35% from the last trading day's after-hours reference price of $209.66;Walmart (WMT) is currently priced at $107.88, up 0.28% from the last trading day's after-hours reference price of $107.57;SpaceX (SPCX) is currently priced at $147.54, down 0.38% from the last trading day's after-hours reference price of $148.10;

According to Nikkei Asia, Chinese chip manufacturer Changxin Storage (CXMT) has taken the lead in profit margins over global competitors, surpassing SK Hynix and Micron. The company has leveraged the tight supply of commodity-grade DRAM to gain an advantage in the second quarter.Changxin Storage's main products include DDR5 memory, which has seen price increases in recent months. Reports indicate that this situation has emerged in the storage chip industry dominated by suppliers from South Korea, the United States, and Japan.

According to Bloomberg, the top executive of Kioxia Holdings denied the possibility of establishing closer cooperation with competitors and shareholder SK Hynix, stating that they will control the rapid rise in storage chip prices to avoid impacting long-term demand in the artificial intelligence sector.Currently, storage chip manufacturers are expanding production capacity to meet the surge in orders from artificial intelligence service providers, leading to a significant increase in related chip prices. Some investors believe that forming manufacturing partnerships may help reduce the risk of large-scale capital expenditures.

According to the Chosun Ilbo, China's largest DRAM manufacturer Changxin Memory Technologies (CXMT) has launched trial production of the fourth-generation high bandwidth memory HBM3, with initial yield stagnating at 25%, about one-third of the golden mass production yield of 80%. SK Hynix has been mass producing similar products since 2022, with a yield exceeding 90%.The front-end yield of Changxin Memory's HBM3 8-layer stacked products is about 30%, while the back-end yield is approximately 70%, resulting in final good products. The company supplies a small number of samples to Chinese companies such as Alibaba's Pingtouge and Cambricon, and continues to improve yields. Its G4 (17-nanometer) process ordinary DRAM has no major issues, but the DRAM chips used for HBM have larger areas and stricter electrical specifications.The industry attributes the reasons to the insufficient maturity of Through-Silicon Via (TSV) technology. Nomad Semi's analysis shows that Samsung's HBM2 has over 5,000 TSVs per chip, SK Hynix's HBM3 has over 8,000, while Changxin Memory has about 3,000. There is a gap of 4 to 5 years compared to Samsung and SK Hynix.