Sources say TSMC will raise prices across the board for its advanced process foundry services.
According to Taiwanese media reports, tech analysts point out that TSMC has been notifying its clients sequentially of wafer foundry price hikes. The price increases cover not only the widely-rumored 3nm process, but also all advanced processes at 7nm and below, with an overall range of 5% to 10%. The move impacts approximately 75% of the company’s total wafer foundry revenue. (Jinshi)
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SlowMist’s Yu Xian: Stolen funds from SecondFi may exceed $20 million.
Cardano ecosystem project SecondFi announced on social media that its team has pinpointed the root cause of the recent security incident, which stems from its own Cardano network wallet generation software. The team has completed on-chain analysis to assess the scope of the impact, and is now working with a leading blockchain security firm to conduct an independent technical evaluation to validate its findings. The overall estimated impact amounts to roughly 16 million ADA, and the project is still addressing related operational issues while committing to ongoing support for affected users. Separately, Cosine, founder of blockchain security firm SlowMist, noted that judging by the funds in the hacker addresses, SecondFi’s user losses should theoretically exceed $20 million (over 129 million ADA and other tokens were stolen).
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SpaceX issues $25 billion in bonds to restructure its debt and lower interest costs.
SpaceX issued $25 billion in investment-grade bonds on Tuesday, marking the final step in refinancing its high-cost debt. The debt was previously used to fund Elon Musk’s 2022 acquisition of X (then named Twitter), as well as loans and bonds issued by AI lab xAI last year to cover its rapid cash burn. Had these entities not been merged into SpaceX, they would have paid approximately $1.8 billion in interest expenses this year on a combined $17.5 billion in debt. Now, the merged SpaceX, via its inaugural $25 billion bond offering, will take on annual interest costs of around $1.5 billion.
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Samsung plans to launch a share repurchase program worth nearly 90 trillion South Korean won, with its share price surging 9.35% during intraday trading.
According to Yonhap News Agency, Samsung Electronics is set to launch a stock buyback program worth nearly 90 trillion won in the near term. As labor and management have reached an agreement to distribute special performance bonuses in the form of self-purchased shares, the company needs to significantly increase its treasury stock holdings to cover the amount exceeding its current holdings.
KB Securities forecasts Samsung Electronics' operating profit will hit 375 trillion won this year and 548 trillion won next year. Assuming operating profit remains at next year's level in 2028, when the semiconductor supercycle persists, total operating profit over the next three years will reach 1,471 trillion won. Recently, Samsung Electronics decided to allocate 10.5% of its operating profit as special performance bonuses for its semiconductor division under the labor-management agreement. Based on this calculation, the total performance bonus over the next three years is approximately 154 trillion won. After deducting around 40% in withholding tax, Samsung will distribute about 93 trillion won in the form of shares. If adopting Goldman Sachs' forecast of total operating profit of 1,514 trillion won over the next three years, the scale of the share buyback program could expand further.
According to Bitget market data, likely driven by this news, Samsung's stock rallied sharply in early trading today, currently trading up 9.35%.
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A new address withdrew 278,827 HYPE from Coinbase 3 hours ago.
According to Onchain Lens monitoring, a newly created wallet withdrew 278,827 HYPE from Coinbase three hours ago, worth approximately $17.045 million, and is expected to continue withdrawing more funds.
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