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The Times's weekend read: * The Labour leadership contest has already begun. In No 10 Starmer is fighting for his political life, putting huge pressure on teh system to bolster his Premiership in face of existential threat posed by Andy Burnham * Expect a frenzy of activity in coming weeks - the defence investment plan, social media restrictions for under 16s, the Brexit reset. Announcements bogged down in months of bitter internal rows will finally come into public view * All the announcements are coming before or shortly after June 18th, the date of the Makerfield by-election. Starmer is trying to send a message to Labour MPs that he can deliver * He isn't the only one. Burnham has began issuing his own national leadership pledges - starting with a £300million cut in business rates for pubs and small businesses * His press release directly attacked Starmer and Reeves, accusing the government of 'undervaluing' their importance to local communities. This is a *Labour* candidate directly criticising a *Labour* government * The lines between the Labour Party and Burnham's campaign are increasingly blurred. Team Burnham now has a lot of the party machinery on his side - press officers, officials etc - and also has most of the cabinet out knocking doors in Makerfield. Power is already moving * Starmer thinks he can fight Burnham, but his allies are unconvinced. One said that he thinks Burnham has behaved 'appallingly'. 'His view is why should he make it easy for him?' * But there is an acknowledgement that Starmer is on borrowed time. That it is a case of when, not if he goes * There are divides in Team Burnham over when he should amke a move if he wins Makerfield. The 'go-now' camp say he must seize the opportunity or it could slip through his hands, using the momentum of the by-election to act decisively * But others think this could be disastrous - that he needs time to build up a proper plan for government and No 10. That if he doesn't he risks repeating Starmer's mistakes all over again * Then there's what's being billed as the 'battle for the soul of Burnham'. There are those on the left - Louise Haigh, Miatta Fahbulleh and others - who favour a radical break from Starmer. Then there are the centrists - Josh Simons, Jim O'Neill - are are said to be emphasising the importance of fiscal credibility. It is potentially a v unwieldy coalition

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Kye-hyun Kyung, Samsung Electronics Senior Advisor: "Memory prices to fall in H2 next year… Korea must cultivate deep-tech manufacturing" Kye-hyun Kyung, Senior Advisor and former head of Samsung Electronics' Device Solutions (DS) Division, forecast that memory semiconductor prices will decline starting in the second half of next year, and urged Korean industry to prepare in advance. Delivering the keynote at the 285th NAEK Forum, hosted by the National Academy of Engineering of Korea (NAEK) at L-Tower in Seocho-gu, Seoul on the 18th, Advisor Kyung said, "Chinese players are aggressively expanding production capacity (CAPA)," adding that "as memory supply surges, the market could shift starting in the second half of next year or the first half of 2028." Citing global market research firms, Kyung projected that memory prices will fall from H2 next year, when global memory CAPA is expected to surge to 6 million wafers per month. "If Big Tech's return on capex deteriorates, there is a possibility that investment could be scaled back," he said, also warning that memory demand itself could contract from 2028 onwards. While Korean industry, led by Samsung Electronics and SK Hynix, is currently enjoying unprecedented growth by capturing Big Tech's memory demand, the former head of Samsung's semiconductor business argued that Korea must prepare in advance for the post-boom period. Advisor Kyung pointed out, "Korea holds nearly 70% share of the DRAM market, but only 1.5% of the fabless market, and unlike Taiwan, Korea lacks a full-stack semiconductor ecosystem that includes fabless." He went on to advise that "Korea must leap forward as a deep-tech-based manufacturing nation." The point is that Korea should independently build advanced technology capabilities—not only in memory but also in fabless-based system semiconductors and sovereign AI—and actively apply them to its existing strength in manufacturing. He added, "It is difficult for Korea to compete simultaneously with the U.S. and China in both hardware and software," and that "it is important for Korea to do what it does well, and to that end, we must seriously consider how to deploy AI."

Everyone's watching GPUs. The bottleneck already moved. Joini us live on Monday, May 18th at 8pm ET to walk through where it went — and the three constraints reshaping the AI trade now. 🎙️Set a reminder ↓  Panelists: @Cash_D66 @MikeSchiemer @JohnProv1 @ArchitectIncome @DivStockpile  @DivDegenerates @markusCarter17 @Selling4Premium  @AJacobRant @PatNeville7

Tove Lo on her new album, ‘ESTRUS,’ out September 18th: “Estrus is an animal in heat. It’s primal, contradicting emotional chaos. It’s my mind and my body wanting different things, wanting everything. There’s no good advice on this album… just a lot of feelings, no solutions”

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