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US President Trump: He is expected to speak at the US 250th anniversary celebration at 11 p.m. Beijing time the following morning.

2026-07-05

US President Trump: He is expected to speak at the US 250th anniversary celebration at 11 p.m. Beijing time the following morning.

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2026-07-04

I. SK Hynix 1. Cheongju M15X (Key DRAM/HBM Capacity): Expected Shipment Schedule: Gradually contributing to HBM-related supply from 2026 onwards; becoming one of the core sources of incremental AI DRAM supply in 2026-2027. 2. Yongin Cluster: Expect

I. SK Hynix 1. Cheongju M15X (Key DRAM/HBM Capacity): Expected Shipment Schedule: Gradually contributing to HBM-related supply from 2026 onwards; becoming one of the core sources of incremental AI DRAM supply in 2026-2027. 2. Yongin Cluster: Expected Shipment Schedule: First fab enters production stage in 2027; multiple fabs continuously expand capacity from 2028-2030; full-scale HBM and advanced DRAM base by 2030+. 3. HBM Packaging Base in Indiana, USA: Expected Shipment Schedule: Packaging capacity gradually forms in 2027-2028; large-scale support for HBM shipments begins in 2028. II. Samsung Electronics 1. Pyeongtaek P4/P5 Production Line Cluster (Core DRAM and HBM): Expected Shipment Schedule: Partial trial production and customer verification in 2027; mass production stage in 2028. 2. HBM Dedicated Capacity Expansion (Cheonan / Onyang) Expected Shipment Schedule: Entering the HBM4 mass production window in 2027–2028. III. Micron 1. Idaho / New York (Advanced DRAM Base) Expected Shipment Schedule: Initial wafer output begins in mid-to-late 2027; large-scale supply begins in 2028+. 2. Singapore NAND + DRAM Hybrid Capacity Expansion Expected Shipment Schedule: HBM/NAND related capacity expansion begins to contribute to output in 2027; stable shipment cycle begins in 2028. Summary: From the capacity expansion situation, the expansion of the three companies will begin to "gradually materialize" in 2027, but structural gaps still exist. HBM supply will remain a bottleneck. A new round of concentrated release of HBM and DRAM capacity will begin in 2028, and the price cycle may enter a rebalancing phase.
2026-07-04

Oil prices fell across the board after a US-Iran peace deal freed substantial crude supplies that demand cannot absorb. Less than three months ago global physical crude benchmarks hit record highs, and until weeks ago industry executives warned inven

Oil prices fell across the board after a US-Iran peace deal freed substantial crude supplies that demand cannot absorb. Less than three months ago global physical crude benchmarks hit record highs, and until weeks ago industry executives warned inventories were at extremely low levels amid the Iran crisis. Analysts from Morgan Stanley to Goldman Sachs this week warned of a risk of supply overhang next year; Energy Aspects head of oil research Kit Haines said market sentiment is overwhelmingly bearish. Persian Gulf suppliers had begun ramping shipments before the June MOU reopening the Strait of Hormuz, and in the weeks after the deal more than 60 mln barrels of oil that had been trapped by the war flowed into the market.
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