Moon Dev
6 claude codes was crazy
today i used claude codes all day to build out quant systems
if you missed it you can watch the full replay
grab a ticket for tomorrows zoom and get access
join here https://t.co/JbJdIbVuzB
moondev
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6 claude codes was crazy
today i used claude codes all day to build out quant systems
if you missed it you can watch the full replay
grab a ticket for tomorrows zoom and get access
join here https://t.co/JbJdIbVuzB
moondev
tweet
Jukan
Kioxia FY3Q25 Conference Call
▶️ Key Q&A
Q. What is the guidance for Q4 shipment volumes and the price outlook?
A. Overall shipment volumes are expected to decline QoQ due to seasonal slowdown and inventory drawdown effects. While demand for smart devices is softening, data center and enterprise SSD shipments are expected to continue growing. On the pricing front, tight supply-demand conditions are expected to persist, driving sharp price increases across all segments.
Q. What is the status of 2026 long-term agreement (LTA) negotiations, and how is pricing reflected?
A. 2026 LTAs are mostly in the final stages of completion. The general structure involves agreeing on volumes on an annual basis while negotiating prices on a quarterly basis. Notably, discussions are progressing positively with certain hyperscaler customers on longer-term contracts extending through 2027–2028.
Q. What is the outlook for NAND market bit growth, and what is the corresponding CAPEX strategy?
A. We maintain our existing view that the NAND market will achieve a CAGR of approximately 20% over the medium to long term. For FY2026, we plan to increase CAPEX, but will execute with financial discipline in line with the pace of market growth.
Q. How are you addressing SSD margin pressure from rising DRAM prices?
A. Rising DRAM costs have already been factored into our guidance. To offset this, we are pursuing price pass-throughs to customers and plan to defend profitability through aggressive cost reduction initiatives, including the process transition to 8th-generation BiCS FLASH.
Q. When do you expect mass production of high-capacity SSDs related to the KV cache collaboration announced by NVIDIA?
A. We are currently in detailed specification discussions with NVIDIA and anticipate mass production around 2027 using 8th-generation BiCS-based TLC SSDs.
Q. When will the 122TB and 245TB SSDs based on 8th-generation BiCS FLASH begin contributing to revenue?A. These products are currently in customer qualification. Our goal is to begin full-scale volume shipments within 2026. For certain capacity products, mass production could commence in the first half of 2026.
Q. What is your view on the sustainability of AI inference demand?
A. Training servers have large per-unit capacity requirements, but the number of servers deployed is limited. In contrast, inference workloads such as RAG (Retrieval-Augmented Generation) entail an explosive increase in server count, making inference a key driver of overall SSD demand growth going forward.
Q. What is the direction of future capital allocation and shareholder return policies?
A. Our current priorities are evaluating necessary CAPEX and optimizing our debt structure. We will continue investing to maintain technology leadership, while detailed capital allocation policies will be shared with the market at our IR Day scheduled for June.
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Kioxia FY3Q25 Conference Call
▶️ Key Q&A
Q. What is the guidance for Q4 shipment volumes and the price outlook?
A. Overall shipment volumes are expected to decline QoQ due to seasonal slowdown and inventory drawdown effects. While demand for smart devices is softening, data center and enterprise SSD shipments are expected to continue growing. On the pricing front, tight supply-demand conditions are expected to persist, driving sharp price increases across all segments.
Q. What is the status of 2026 long-term agreement (LTA) negotiations, and how is pricing reflected?
A. 2026 LTAs are mostly in the final stages of completion. The general structure involves agreeing on volumes on an annual basis while negotiating prices on a quarterly basis. Notably, discussions are progressing positively with certain hyperscaler customers on longer-term contracts extending through 2027–2028.
Q. What is the outlook for NAND market bit growth, and what is the corresponding CAPEX strategy?
A. We maintain our existing view that the NAND market will achieve a CAGR of approximately 20% over the medium to long term. For FY2026, we plan to increase CAPEX, but will execute with financial discipline in line with the pace of market growth.
Q. How are you addressing SSD margin pressure from rising DRAM prices?
A. Rising DRAM costs have already been factored into our guidance. To offset this, we are pursuing price pass-throughs to customers and plan to defend profitability through aggressive cost reduction initiatives, including the process transition to 8th-generation BiCS FLASH.
Q. When do you expect mass production of high-capacity SSDs related to the KV cache collaboration announced by NVIDIA?
A. We are currently in detailed specification discussions with NVIDIA and anticipate mass production around 2027 using 8th-generation BiCS-based TLC SSDs.
Q. When will the 122TB and 245TB SSDs based on 8th-generation BiCS FLASH begin contributing to revenue?A. These products are currently in customer qualification. Our goal is to begin full-scale volume shipments within 2026. For certain capacity products, mass production could commence in the first half of 2026.
Q. What is your view on the sustainability of AI inference demand?
A. Training servers have large per-unit capacity requirements, but the number of servers deployed is limited. In contrast, inference workloads such as RAG (Retrieval-Augmented Generation) entail an explosive increase in server count, making inference a key driver of overall SSD demand growth going forward.
Q. What is the direction of future capital allocation and shareholder return policies?
A. Our current priorities are evaluating necessary CAPEX and optimizing our debt structure. We will continue investing to maintain technology leadership, while detailed capital allocation policies will be shared with the market at our IR Day scheduled for June.
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Michael Fritzell (Asian Century Stocks)
Yuya Shimizu: "The underlying mindset of many executives has changed only slightly... antagonism toward new-wave of capitalism is carefully managed through euphemistic language, emotional resistance to the capital market itself may in fact be deepening."
https://t.co/2HpTB3yOoi
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Yuya Shimizu: "The underlying mindset of many executives has changed only slightly... antagonism toward new-wave of capitalism is carefully managed through euphemistic language, emotional resistance to the capital market itself may in fact be deepening."
https://t.co/2HpTB3yOoi
tweet
Jukan
SK Hynix Said to Be Reviewing Possible Acquisition of LG Display’s P7 Plant — Legacy Display Fabs Emerging as Takeover Targets for Semiconductor Firms
Legacy TFT-LCD fabs suffer from low production efficiency, and no amount of line conversion has been able to overcome the challenge of rock-bottom panel prices. Unable to turn a profit, these fabs have become assets up for sale by major panel makers. Not only are Taiwan's panel duopoly AUO and Innolux selling off old fabs one after another, but South Korea's LG Display (LGD) is also reportedly looking to sell its Gen 7 fab. Industry insiders note that outside of China, "panel fab sales" have already become a global trend, with semiconductor companies being the ideal buyers.
After TSMC acquired Innolux's Tainan Science Park (Southern Taiwan Science Park) Fab 4 for NT$17.14 billion in 2024, the market began to recognize the value of panel fabs' high-spec cleanrooms. Combined with the ability to save on construction timelines, and with AI demand triggering accelerated capacity expansion across the semiconductor industry, companies including TSMC, Micron, ASE Group, and SK Hynix have been continuously evaluating panel fabs both domestically and overseas, assessing potential acquisitions and lease arrangements.
In terms of recent developments, Innolux's Fab 5 is expected to be fully vacated of personnel and equipment by June, while Fab 2 is scheduled for clearance by September. Market rumors initially suggested that Micron—following its takeover of PSMC's Tongluo fab—would also acquire Innolux's Fab 5, rapidly expanding its memory footprint through a buy-and-convert approach.
However, competing rumors suggest the buyer of Innolux's Fab 5 is "not Micron" but rather a major semiconductor OSAT (outsourced semiconductor assembly and test) company, with details to be disclosed only after board approval and contract signing. According to panel industry sources reached by DIGITIMES, the OSAT company in question is reportedly ASE Group, though negotiations are still ongoing.
In response to these supply chain reports, ASE Group's spokesperson confirmed that the company has interest in acquiring the fab.
Innolux, for its part, stated: "Innolux has always prudently evaluated all asset allocation and operational site planning based on overall long-term strategy, industry trends, and shareholder interests. Should there be any concrete developments meeting the threshold for material information disclosure, we will make timely public announcements in accordance with regulations. We ask all parties to refer to the content published on the Market Observation Post System (MOPS)."
Beyond the Innolux Fab 5 developments, the industry has also reported that Radiant Opto-Electronics is evaluating the purchase of fabs from either AUO or Epistar. Radiant's interest is primarily driven by new business initiatives, as the company has in recent years acquired advanced optical technologies through M&A, expanding into optical components and metalens applications.
Meanwhile, Powertech Technology (PTI) recently spent approximately NT$6.9 billion to acquire AUO's fab in the Hsinchu Science Park. The move is aimed at expanding fan-out panel-level packaging (FOPLP) capacity to meet surging demand for advanced packaging from the AI, high-performance computing (HPC), and automotive electronics sectors. This also represents a key strategic deployment in PTI's medium- to long-term push into the AI packaging market.
Beyond the panel duopoly, HannStar Display's idle fab in the Southern Taiwan Science Park recently entered into a lease agreement with Wiwynn. Wiwynn leased the fab to accelerate production expansion in response to order fulfillment needs from its U.S.-based cloud service provider (CSP) customers.
Additionally, J-Touch Corporation ceased production at its Southern Taiwan Science Park fab on January 31, 2026, officially exiting the touch manufacturing business due to intense competition in the AMOLED touch sensor mark[...]
SK Hynix Said to Be Reviewing Possible Acquisition of LG Display’s P7 Plant — Legacy Display Fabs Emerging as Takeover Targets for Semiconductor Firms
Legacy TFT-LCD fabs suffer from low production efficiency, and no amount of line conversion has been able to overcome the challenge of rock-bottom panel prices. Unable to turn a profit, these fabs have become assets up for sale by major panel makers. Not only are Taiwan's panel duopoly AUO and Innolux selling off old fabs one after another, but South Korea's LG Display (LGD) is also reportedly looking to sell its Gen 7 fab. Industry insiders note that outside of China, "panel fab sales" have already become a global trend, with semiconductor companies being the ideal buyers.
After TSMC acquired Innolux's Tainan Science Park (Southern Taiwan Science Park) Fab 4 for NT$17.14 billion in 2024, the market began to recognize the value of panel fabs' high-spec cleanrooms. Combined with the ability to save on construction timelines, and with AI demand triggering accelerated capacity expansion across the semiconductor industry, companies including TSMC, Micron, ASE Group, and SK Hynix have been continuously evaluating panel fabs both domestically and overseas, assessing potential acquisitions and lease arrangements.
In terms of recent developments, Innolux's Fab 5 is expected to be fully vacated of personnel and equipment by June, while Fab 2 is scheduled for clearance by September. Market rumors initially suggested that Micron—following its takeover of PSMC's Tongluo fab—would also acquire Innolux's Fab 5, rapidly expanding its memory footprint through a buy-and-convert approach.
However, competing rumors suggest the buyer of Innolux's Fab 5 is "not Micron" but rather a major semiconductor OSAT (outsourced semiconductor assembly and test) company, with details to be disclosed only after board approval and contract signing. According to panel industry sources reached by DIGITIMES, the OSAT company in question is reportedly ASE Group, though negotiations are still ongoing.
In response to these supply chain reports, ASE Group's spokesperson confirmed that the company has interest in acquiring the fab.
Innolux, for its part, stated: "Innolux has always prudently evaluated all asset allocation and operational site planning based on overall long-term strategy, industry trends, and shareholder interests. Should there be any concrete developments meeting the threshold for material information disclosure, we will make timely public announcements in accordance with regulations. We ask all parties to refer to the content published on the Market Observation Post System (MOPS)."
Beyond the Innolux Fab 5 developments, the industry has also reported that Radiant Opto-Electronics is evaluating the purchase of fabs from either AUO or Epistar. Radiant's interest is primarily driven by new business initiatives, as the company has in recent years acquired advanced optical technologies through M&A, expanding into optical components and metalens applications.
Meanwhile, Powertech Technology (PTI) recently spent approximately NT$6.9 billion to acquire AUO's fab in the Hsinchu Science Park. The move is aimed at expanding fan-out panel-level packaging (FOPLP) capacity to meet surging demand for advanced packaging from the AI, high-performance computing (HPC), and automotive electronics sectors. This also represents a key strategic deployment in PTI's medium- to long-term push into the AI packaging market.
Beyond the panel duopoly, HannStar Display's idle fab in the Southern Taiwan Science Park recently entered into a lease agreement with Wiwynn. Wiwynn leased the fab to accelerate production expansion in response to order fulfillment needs from its U.S.-based cloud service provider (CSP) customers.
Additionally, J-Touch Corporation ceased production at its Southern Taiwan Science Park fab on January 31, 2026, officially exiting the touch manufacturing business due to intense competition in the AMOLED touch sensor mark[...]
Offshore
Jukan SK Hynix Said to Be Reviewing Possible Acquisition of LG Display’s P7 Plant — Legacy Display Fabs Emerging as Takeover Targets for Semiconductor Firms Legacy TFT-LCD fabs suffer from low production efficiency, and no amount of line conversion has been…
et and customer order adjustments. J-Touch's fab also features cleanroom-grade specifications and is undergoing transformation and asset revitalization, with plans to dispose of it through sale or lease. Industry sources have previously indicated that TSMC, Micron, and others have inspected the facility.
Beyond Taiwan's panel industry, South Korean panel makers that have already exited the LCD business are also seeing fab sale developments.
According to industry sources, LGD's P7 fab may potentially be sold to SK Hynix, with negotiations currently underway. While SK Hynix may need to consider the drawback of P7's location in Paju being relatively far from its main operations, industry observers believe that if SK Hynix proceeds with the acquisition, it would be positive news for LGD. LGD's P7 fab, having ceased display panel production, is currently leased to a subsidiary for use.
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Beyond Taiwan's panel industry, South Korean panel makers that have already exited the LCD business are also seeing fab sale developments.
According to industry sources, LGD's P7 fab may potentially be sold to SK Hynix, with negotiations currently underway. While SK Hynix may need to consider the drawback of P7's location in Paju being relatively far from its main operations, industry observers believe that if SK Hynix proceeds with the acquisition, it would be positive news for LGD. LGD's P7 fab, having ceased display panel production, is currently leased to a subsidiary for use.
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Offshore
Video
God of Prompt
RT @godofprompt: this is wild https://t.co/wmcw2RS9XH
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RT @godofprompt: this is wild https://t.co/wmcw2RS9XH
Today, we updated Gemini 3 Deep Think to further accelerate modern science, research and engineering.
With 84.6% on ARC-AGI-2 and a new standard on Humanity’s Last Exam, see how this specialized reasoning mode is advancing research & development 🧵↓ tweet
Offshore
Photo
Michael Fritzell (Asian Century Stocks)
This is exactly the question: is Prabowo the new Suharto, or the new Sukarno? (h/t: Greed & Fear) https://t.co/wKYzbYzPko
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This is exactly the question: is Prabowo the new Suharto, or the new Sukarno? (h/t: Greed & Fear) https://t.co/wKYzbYzPko
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Michael Fritzell (Asian Century Stocks)
This is the moment where everyone's convinced that we'll lose our jobs to AI tools:
"In their calmer moments, investors recognize their inability to know what the future holds. In moments of extreme panic or enthusiasm, however, they become remarkably bold in their predictions; they act as though uncertainty has vanished and the outcome is beyond doubt. Reality is abruptly transformed into that hypothetical future where the outcome is known. These are rare occasions, but they are also unforgettable: major tops and bottoms in markets are defined by this switch from doubt to certainty." - Peter Bernstein
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This is the moment where everyone's convinced that we'll lose our jobs to AI tools:
"In their calmer moments, investors recognize their inability to know what the future holds. In moments of extreme panic or enthusiasm, however, they become remarkably bold in their predictions; they act as though uncertainty has vanished and the outcome is beyond doubt. Reality is abruptly transformed into that hypothetical future where the outcome is known. These are rare occasions, but they are also unforgettable: major tops and bottoms in markets are defined by this switch from doubt to certainty." - Peter Bernstein
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God of Prompt
RT @godofprompt: this article exposes the gap between those that learn AI now and those who will choose to wait on the sidelines
the gap is widening. choose your side.
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RT @godofprompt: this article exposes the gap between those that learn AI now and those who will choose to wait on the sidelines
the gap is widening. choose your side.
https://t.co/moCLsoNKwy tweet
X (formerly Twitter)
Alex Prompter (@alex_prompter) on X
time + AI = $$$ (the window is closing)
Offshore
Photo
Benjamin Hernandez😎
$COST: Defending the $1,000 Level
Costco ($COST) surged +2.12% to end at $998. The battle for four digits is real. Investors are paying a premium for the membership moat as the broader market volatility spikes.
$ORCL $AMD $INTC $NVDA $TSM $TCNNF https://t.co/702oiL2Pj2
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$COST: Defending the $1,000 Level
Costco ($COST) surged +2.12% to end at $998. The battle for four digits is real. Investors are paying a premium for the membership moat as the broader market volatility spikes.
$ORCL $AMD $INTC $NVDA $TSM $TCNNF https://t.co/702oiL2Pj2
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Jukan
People often say that optics will be the next big money-making field after memory, right?
This is an interesting article introducing noteworthy Japanese players in optics that you should pay attention to when considering investments in the sector.
Among the companies featured here, Anritsu (6754T) in particular caught my eye as especially intriguing.
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People often say that optics will be the next big money-making field after memory, right?
This is an interesting article introducing noteworthy Japanese players in optics that you should pay attention to when considering investments in the sector.
Among the companies featured here, Anritsu (6754T) in particular caught my eye as especially intriguing.
https://t.co/LLKaGrwD1X tweet
X (formerly Twitter)
슈포 (Superposition) (@celesthian) on X
[Japan Photonics] The Pickaxes of the AI Gold Rush: 8 Japanese ‘Physics’ Powerhouses Behind Nvidia
Offshore
Video
Quiver Quantitative
Senator Katie Britt was just asked about her stock trades.
She said she doesn’t trade any stock.
A screenshot from Quiver was shown, showing the trades she filed.
Then she pivots and says that proceeds from her stock trades go to charity.
https://t.co/r9t7V8biwx
tweet
Senator Katie Britt was just asked about her stock trades.
She said she doesn’t trade any stock.
A screenshot from Quiver was shown, showing the trades she filed.
Then she pivots and says that proceeds from her stock trades go to charity.
https://t.co/r9t7V8biwx
tweet