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JUST IN: 🇺🇸 Treasury Secretary Scott Bessent urges lawmakers to advance the Clarity Act: "There most important thing we can do is to make digital assets come into the United States. Make the U.S. the home." "I would encourage the House and the Senate to get Clarity done."
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We've raised $65 billion in Series H funding at a $965 billion post-money valuation, led by @AltimeterCap, Dragoneer, @Greenoaks, and @sequoia. This investment will help us advance our research and expand our capacity to meet growing demand for Claude.
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The CIA’s Post-War Vassalization of Japan Until 1941, Japan carried out these crimes against humanity with the assistance of the United States and Britain. And the pro-Kuomintang China Lobby inside the United States and the Wisemen (John J. McCloy, Dean Acheson, Averell Harriman, etc.) prevented the Roosevelt Administration from even engaging with the Communist Party of China led by Mao Zedong. This was despite the fact that General Joseph Stilwell, Colonel David Barrett, and John S. Service described the People’s Liberation Army as the most effective fighting force against the Japanese Imperial Army, as opposed to Chiang Kai Shek who was more concerned with repressing internal opponents and had zero interest in uniting with the Communist Party to fight against the Japanese occupation, despite the support for a united front from Mao and Stilwell. That year though, the US, Britain and the Netherlands finally decided to take action against Japan for its imperial aggression in China and the Asian continent, imposing crushing oil embargo. It was on that basis that Japan attacked Pearl Harbor, bringing the United States into World War II. However, after World War II, John J. McCloy became the President of the World Bank and decided that the new strategy was to once again build up Japan as an opponent to China and the Soviet Union. According to Washington and the US Treasury, the policy was supposed to be that all Asian countries are subservient to a new Japanese empire that was really just a colony of the US. And the role of this new US-led Asian order is that all countries on the continent were to export raw materials to Japan so that they can be turned into manufactured goods. This strongly differed from the approach of US President Ulysses S. Grant who toured Asia after leaving office and advocated for China to lead the way on the continent’s industrial and commercial development. He further emphasized a US-China relationship that is based on mutual respect and explicitly denounced European colonialism. And now newly declassified JFK Files released by the Trump Administration reveal how Japan, through the ruling Liberal Democratic Party, became a permanent US vassal during the Cold War with CIA funding. One document in particular from March 1996 reveals that Washington and Tokyo were still working overtime to hide the existence of the CIA’s Tokyo Station. And their reasoning was the protect this notion that Washington created that Japan was a sovereign state. The US State Department memo was titled “Official Acknowledgement of Tokyo Station” and it shows former US Vice President turned Ambassador to Japan Walter Mondale, along with Japanese officials in Tokyo, in full damage-control mode. Two years before, the New York Times wrote a report exposing secret CIA funding for Japan’s ruling right-wing Liberal Democratic Party during the 1950s and 1960s. Their fear was that if they confirmed the CIA’s presence in Tokyo, it would re-ignite the scandal by confirming the allegations in the NYT’s report. Then-Japanese Foreign Affairs Minister Yohei Kono warned Mondale to keep it secret because the official confirmation would hurt the LDP far more than the NYT’s allegations and threaten the entire post-war security framework between the Washington and Tokyo because it would expose Japan as nothing more than an imperial colony dependent on the United States. Kono had previously claimed, in response to NYT’s allegations, that Japan had “no knowledge” of any organized CIA presence inside the country.
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One thing users don’t always realize about Panora: We’re not just building products for today’s DeFi users. Our 2026 focus is to make Panora the execution layer for on-chain trading on @Aptos - powering better routing, automation, APIs, advanced trading, and AI-driven workflows. Watch the Panora x Aptos clip 👇
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🚀 BiFinance IPO Series | 大金重工 HK STOCK IPO 👉 As a leading enterprise in offshore wind power equipment manufacturing, DAJIN HEAVY INDUSTRY continues advancing global clean energy infrastructure through high-quality offshore wind and marine heavy engineering solutions. 🌍 Web3 × RWA × HK Stocks ⚡ Bridging Traditional Industry and On-chain Finance 📈 IPO Price: 66.4 HKD ⏰ Subscription Starts: 2026/5/28 The integration of real-world assets and Web3 is reshaping the future of global capital markets. #BiFinance# #IPO# #RWA# #Web3# #HKStocks# #Tokenization#
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🚀 BiFinance IPO Series | 大金重工 HK STOCK IPO 👉 As a leading enterprise in offshore wind power equipment manufacturing, DAJIN HEAVY INDUSTRY continues advancing global clean energy infrastructure through high-quality offshore wind and marine heavy engineering solutions. 🌍 Web3 × RWA × HK Stocks ⚡ Bridging Traditional Industry and On-chain Finance 📈 IPO Price: 66.4 HKD ⏰ Subscription Starts: 2026/5/28 9:00 The integration of real-world assets and Web3 is reshaping the future of global capital markets. #BiFinance# #IPO# #RWA# #Web3# #HKStocks# #Tokenization#
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最近,风华高科因RC/RS系列0402、0603晶片电阻订单激增,暂停部分新订单。 虽然只是是贴片电阻吗,但重要的,这是,高端、小尺寸、高一致性被动器件,的供需失衡信号。 0402 / 0603是封装尺寸。它既可以是MLCC,也可以是贴片电阻、电感、EMI滤波器。AI服务器真正需要的,是“小尺寸下还能维持高频、高一致性和长期可靠性”的器件。 AI的VRM复杂度提升、PDN越来越复杂。于是系统开始大量消耗:高频MLCC、小尺寸电阻、高频电感、钽电容、HSC。 这些器件单价不高,但属于“缺一个,整机就无法出货”的东西。 AI服务器里的需求本身是分层的。最核心的位置,比如GPU核心供电、HBM附近、ASIC substrate附近,仍然高度依赖:Murata Manufacturing、TDK Corporation、Taiyo Yuden。因为这里要求极低ESL、极低ESR、高频响应和长期可靠性。 但AI服务器并不只有核心位置。PSU、BBU、NIC、SSD、光模块、交换机,同样会消耗海量0402/0603。重要的是,AI正在先抽紧最顶级MLCC产能,然后压力开始向中高端0402/0603扩散。 最近大火的MLCC和0402电阻看起来是不同器件,但背后共享的是“小尺寸精密制造能力”。包括精密印刷、烧结、AOI检测、高频测试、超小尺寸良率控制、精密材料处理。 这和HBM产业链很像。最开始缺的是HBM,后来CoWoS、ABF、substrate、电源、散热、测试一起开始紧张。MLCC现在也开始出现类似现象。 真正最容易缺货的,往往不是最顶级料号,而是“能量产、能过验证、还能部分替代”的中高端规格。 2018年被动器件超级周期就是典型案例。当时车规MLCC先缺,高频小尺寸规格先涨,随后0402/0603全面涨价。因为一旦高端规格开始缺货,客户就会提前备货、长单锁产能、替代采购、超额下单,最后整个产业链一起紧张。 现在AI行业,可能正在重复这个过程。 更重要的是,这种紧缺会向二线供应商传导。当Murata Manufacturing、TDK Corporation、Taiyo Yuden 优先保障AI服务器和车规客户后,订单开始向:Vishay Intertechnology、Yageo Corporation、Bel Fuse Inc.、Fenghua Advanced Technology 溢出。 AI数据中心,正在把整个电子产业重新拉回“工业品逻辑”。从GPU,到HBM,到光模块,到电源,再到0402电阻,整个链条都在同时变紧。 这可能意味着,被动器件行业,正在进入新一轮量价周期。甚至可能是超级周期。 免责声明:本人持有文章中提及资产,观点充满偏见,非投资建议,dyor
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LATEST: ⚡️ Bitcoin custody firm Casa has launched Guardian Mode, requiring a live video call with two advisors plus a 48-hour hold before any transaction can be signed.
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Intel’s EMIB Packaging Is Growing Rapidly — Silicon Capacitors Are Taking Off Too Silicon capacitors are poised for explosive growth in the AI semiconductor space. Intel has been found to be planning a large-scale adoption of silicon capacitors starting next year, in order to enhance the performance of its in-house 2.5D packaging technology, “EMIB.” The most clearly visible source of demand is Google. Google plans to launch its next-generation AI accelerator, “v8e,” in the second half of next year, and has adopted an EMIB substrate with embedded silicon capacitors for that chip. With other Big Tech companies such as Amazon also currently applying EMIB, analysts say demand could increase sharply. According to industry sources on the 27th, Intel plans to apply silicon capacitors to its 2.5D packaging starting next year. Intel Adopts “Silicon Capacitors” for 2.5D Packaging… Google AI Chip Gets First Application 2.5D is an advanced packaging technology that inserts a thin-film interposer between the semiconductor and the substrate. Because it can connect circuits at higher density compared with conventional packaging that uses only a substrate, demand is rising in the AI and HPC fields. To improve cost efficiency in 2.5D packaging, Intel devised its own technology called EMIB. Rather than using a broad, spread-out interposer, EMIB connects chip to chip using a small silicon bridge. Since bridges only need to be placed where chip-to-chip connections are required, chips can be arranged more flexibly and efficiently. Recently, EMIB has been drawing attention as an alternative to TSMC, which had been leading the existing 2.5D packaging market. This is because TSMC’s 2.5D packaging capacity is suffering from a supply shortage amid the rapid development of the AI industry. Indeed, global Big Tech player Google is also paying attention to EMIB. Google has decided to adopt EMIB for its in-house AI semiconductor “v8e,” which it plans to launch in the second half of next year. Under this structure, TSMC handles chip mass production, MediaTek handles design and manufacturing support, and Intel handles packaging. However, there have been concerns that EMIB is gradually showing limitations in providing stable power supply for AI semiconductors, which consume large amounts of power. Accordingly, Intel plans to introduce new technologies such as silicon capacitors and through-silicon vias (TSV) to ensure stable packaging for the v8e. A capacitor is a component that stores and releases electricity in an electronic circuit. In the case of silicon capacitors, their resistance (ESL/ESR) is more than 100 times lower than that of conventional multilayer ceramic capacitors (MLCC), minimizing the signal loss that occurs in high-performance semiconductors. They can also be designed in an ultra-thin structure based on a silicon wafer, enabling high-density integration. A semiconductor industry official explained, “Because the voltage drop (the phenomenon of voltage decreasing) that occurs in the high-frequency region within AI chips is difficult to solve with MLCC, we understand that Intel is adopting silicon capacitors as a solution,” adding, “The relevant supply chain is now in place, and mass production is set to begin in earnest next year.” EMIB-T Is Already on a Growth Trajectory — The Related Ecosystem and Market Are Expanding Together Intel has also inserted TSVs, which serve as power-delivery channels, into the silicon bridge. The key point is that by using TSVs to shorten the power-delivery path between the substrate and the chip, Intel has improved power efficiency and signal integrity. Intel calls this “EMIB-T.” The industry expects the EMIB-T and silicon capacitor markets to grow rapidly. This is because Japan’s Ibiden — one of the major companies that mass-produces semiconductor substrates for EMIB-T — is aggressively pursuing capital investment. Previously, Ibiden had planned to build its Kawashima (Gama) plant in Gifu Prefecture as a substrate plant for Intel CPUs. However, it postponed that schedule and decided in the first half of this year to officially convert the Gama plant into a mass-production line for EMIB-T substrates. The investment is 220 billion yen (about KRW 2.1 trillion). In its recent earnings announcement, Ibiden stated, “Operation of the Gama plant will begin in 2027 and enter full-scale mass production in 2028,” adding, “EMIB-T substrate capacity is currently far short of demand. However, adding further capacity is quite difficult, so we are discussing options with our customers.” A semiconductor industry official explained, “Ibiden’s EMIB-T-dedicated line is being built with most of the investment coming from customers such as Google, Amazon, and Intel,” adding, “This demonstrates that AI semiconductors based on EMIB-T will grow significantly going forward, and silicon capacitors are likely to expand alongside them.”
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