Tom Lee: Bitmine's ten-year vision is to bet on Ethereum becoming the leading public chain for tokenization and AI applications
According to Odaily, Bitmine chairman Tom Lee stated that Bitmine's historical contribution lies in helping Ethereum maintain its position as the most important public blockchain. He said that the idea of Ethereum's market capitalization surpassing Bitcoin is "very well-founded," and noted that if the price of Ethereum reaches $50,000, $100,000, or $200,000, it will bring "legendary" returns to shareholders.
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Samsung and SK Hynix increase investment in China NAND production, with Xi’an and Dalian plant investments to be completed by next year
The surge in demand for AI servers has prompted the two major Korean memory manufacturers to accelerate their investments in Chinese production lines. Samsung Electronics is upgrading its Xi'an facility to a 280-layer V9 NAND mass production base, aiming for a monthly production capacity of 50,000 wafers, with additional investment orders expected by the end of the year. Meanwhile, SK Hynix is also speeding up expansion at its second plant in Dalian, targeting a monthly output of 30,000 wafers.
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