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07:54
SK Hynix Plans to Triple Wafer Capacity by 2034
BlockBeats News, June 11th, according to Nikkei Asia, SK Hynix plans to triple its wafer capacity by 2034 to meet the growing demand for memory chips.
07:44
Oracle CEO: Global GPU Utilization Reaches 97.5%, AI Market Continues to Experience Supply Shortage
On June 11, Oracle CEO Clayton M. H. Maguire stated during the earnings call for the fourth quarter and full year of fiscal 2026 that Oracle's cloud infrastructure employs a multi-tenant architecture, allowing for flexible allocation of computing resources to different customers. In this quarter, 59 customers renewed contracts for a total of 35,000 GPUs: 49% of customers completed renewals, covering 92% of GPU resources; the remaining 8% of GPUs were not idle and were signed with new customers during the quarter. Currently, global GPU utilization has reached 97.5%, and the demand in the artificial intelligence market continues to exceed supply.
07:05
Japan is pushing to reclassify cryptocurrency as a financial instrument
BlockBeats News, June 11th, according to market sources, Japan is reportedly reclassifying cryptocurrency as a financial instrument under the Financial Instruments and Exchange Act, putting it in the same category as stocks and bonds. The bill was passed by the Lower House today. This move will lower the tax on cryptocurrency gains from the current highest rate of 55% (miscellaneous income) to a flat 20% capital gains tax rate, and it will pave the way for cryptocurrency ETFs, with the relevant provisions set to take effect in 2027.
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