Lucas ritter

[Vikram Sekar @vikramskr]

Jensen may be your hero.
Widlar is mine.

https://t.co/TZHa2hhvxK

[Stocktwits @Stocktwits]

This was the Chinese stock market last night 💀

[Mike Herndon @MikeHerndonSk1]

100% true. If you have a six year old who is any good at all in the US, your options currently are:

A) cheap rec league soccer where your child gets zero coaching and no real competition

OR

B) shell out thousands per year to a travel club

Completely broken system.

[Serenity @aleabitoreddit]

I'm bearish on humans.

Hard to see people still having a job if humanoids come out at <$15K mass production.

No insurance, no JP Morgan HR cannon scandals.

And can do everything a person can, but better + 24/7.

[Damnang @damnang2]

What an incredible story.

I used to think of Etched simply as an inspiring challenge by a group of young Harvard founders, but this story gives me something much deeper than that.

When I was in job search mode last year, Etched reached out to me a few times. From what I heard from the recruiter, the energy inside the company sounded tremendous.

It felt almost like an Elon style organization, filled with people who work on weekends and genuinely love what they do.

The article mentioned that many employees live within five minutes of the office. From what I understand, that may be related to Etched’s policy of providing $2,000 per month if employees find housing near the office.

I’m really excited to see where this remarkable startup goes from here. I’ll always be rooting for them.

[Ethan Mollick @emollick]

More evidence, from a large-scale study in China, that using AI hurts learning if it undermines mental effort. When homework time drops due to AI use, so do test scores.

Across studies, a theme: AI tutoring in support of classes is good, using AI to "help" with homework is bad.

[Tigers Data @TigersData]

While bullpen evaluation has been abysmal I don’t know how much blame you can give Scott Harris for the lineup.
When healthy:

3B McGonigle
2B Torres
LF Greene
C Dingler
DH Carpenter
SS Baez
RF Vierling
1B Torkelson/Keith
CF Meadows

Lee
McKinstry

[BUZZ @BUZZ__tiab]

마이크론 뉴욕 메모리반도체 공장 투자 밀린다, 삼성전자 SK하이닉스 반사이익 기대

1/ 마이크론의 미국 뉴욕주 대규모 메모리반도체 공장 증설이 크게 지연되면서 삼성전자와 SK하이닉스가 반사이익을 볼 가능성이 높아졌다.

2/ 월스트리트저널은 23일 마이크론의 1천억 달러 규모 뉴욕 공장 프로젝트가 2년 가까이 늦어지고 있다고 지적했다. 2022년 발표 후 2026년 1월에야 부지 벌목이 시작됐으며 환경 영향 평가 절차가 복잡해 완공 시점이 불확실하다.

3/ 뉴욕주의 엄격한 환경 규제와 전력망 확충 어려움, 멸종위기종 박쥐 서식지 문제 등이 주요 원인이다. 마이크론은 추가 비용을 들여 대응하고 있지만 투자 경쟁에서 불리한 상황이다.

4/ 반면 삼성전자와 SK하이닉스는 한국 중심으로 증설을 빠르게 진행하며 AI 수요 급증으로 인한 메모리 호황을 더 크게 누릴 전망이다. 2026년 메모리 가격이 4배 상승할 가능성 속에서 마이크론의 지연이 한국 기업들에 유리하게 작용한다.

[Tigers Data @TigersData]

Jahmai Jones, AJ Hinch, Kerry Carpenter

=

Killian Hayes, Monty Williams, Jaden Ivey

[Anthony Bellino @ACBellino]

The graphic I referenced on @ABSpinOnSports

[zerohedge @zerohedge]

Top Overnight News

The US and Iran are preparing to formally sign their interim peace deal in Switzerland on Friday while the text of the MOU is yet to be released. Donald Trump said the deal can survive even if Israel attacks Lebanon. Iran claimed the US has started lifting its naval blockade, semi-official ISNA reported. BBG

Shipowners will not resume transit through the Strait of Hormuz for weeks until they are confident that the US-Iran deal is “material”, the head of the world’s biggest tanker operator has warned. FT

A price war is unfolding in China’s crowded artificial intelligence sector as companies cut rates or dangle promotions at a pivotal moment when falling costs and converging model capabilities are ratcheting up the competitive pressure, according to analysts. SCMP

China's consumer spending and investment have slumped to levels unseen since the pandemic, with retail sales declining 0.6% last month from a year ago. Industrial production climbed 4.5%, driven by a boom in exports and tech-related industries, but the economy is at risk of a deeper slowdown due to weak domestic demand. RTRS

Qatar aims to restore most of its LNG export capacity within two months of the strait’s reopening, people familiar said. BBG

The Bank of Japan raised interest rates to a 31-year high on Tuesday in a landmark step in its policy normalization, signaling readiness to tighten further as it focuses ‌on taming price pressures from the Iran-war-induced energy shock. The hike was the first since December and aligns the BOJ with other central banks shifting towards tighter policy to combat inflation, including the ECB. RTRS

Australia's central bank held its cash rate steady at 4.35% on Tuesday, saying the economy was slowing in the face of tighter financial conditions but warned it might yet hike again if needed to control inflation. RTRS

Oil companies large and small are showing new interest in committing to drill in Venezuela, after nearly six months of reluctance following the U.S. removal of Nicolás Maduro and the Trump administration’s subsequent call for them to invest. Politico

Talks between Anthropic and Trump administration officials continued Monday without a deal to resolve the security concerns that pushed the White House to restrict access to the artificial-intelligence company’s latest model, increasing urgency on both sides to find a resolution. WSJ

[Thomas Massie @RepThomasMassie]

Sending American tax dollars to other countries is like watering the neighbor’s yard while your house is on fire. 🔥

[Jukan @jukan05]

TSMC Preparing for Full-Scale Mass Production of "Panel-Level Packaging (PLP)" Semiconductors

TSMC is set to go head-to-head with Samsung Electronics using "panel-level packaging (PLP)," a next-generation semiconductor packaging technology. PLP can significantly improve the productivity of AI chip manufacturing, and with TSMC hurrying to ready mass production, a contest for leadership with Samsung Electronics—which entered the market first—looks inevitable.

According to industry sources on the 15th, TSMC is building out a materials, components, and equipment (MCE) supply chain to establish its PLP mass-production system. It is currently in discussions with domestic and overseas MCE companies on equipment investment. TSMC is reported to be planning to begin PLP mass production as early as next year, and this is read as a move in earnest toward that goal.

PLP is a technology in which a semiconductor wafer with circuitry already formed is cut into individual chips (dies) and then packaged on a rectangular panel to produce the finished product. It contrasts with "wafer-level packaging (WLP)," which is performed on a round wafer. When chips are packaged on a circular wafer, the edge regions cannot be completed into chips and must be discarded—meaning lower productivity. Running the process on a rectangular panel instead allows chips to be produced with no wasted area. Based on a standard 600×600 mm rectangular panel, roughly five to six times as many chips can be produced compared with the mainstream 300 mm (12-inch) wafer.

The company holding the upper hand in PLP technology is Samsung Electronics. After acquiring the PLP business from Samsung Electro-Mechanics in 2019, it has built up technical capability by applying PLP to mobile application processors (APs) and power management ICs (PMICs).

TSMC, by contrast, had been passive on PLP, given that it had secured its foundry competitive edge with conventional WLP. But the situation reversed as the AI chip market grew explosively—PLP can increase AI chip output and is also advantageous for realizing large-area AI chips. Accordingly, TSMC began pursuing the PLP business from 2024. It is expected to build and run a pilot production line this year and, following performance evaluation, enter large-scale production around next year. It is also reported to have already secured a global AI chip customer.

As TSMC accelerates toward PLP mass production, competition with Samsung Electronics is expected to intensify further. Samsung, too, plans to expand PLP application beyond its existing APs and PMICs to high-performance computing (HPC) chips such as AI semiconductors. Glass substrates, which are drawing attention as a substrate for AI chips, are also likely to be adopted in this PLP process—a point that suggests a leadership battle between Samsung Electronics and TSMC in the next-generation substrate market as well.

An industry official said, "Not only Samsung Electronics and TSMC, but also global outsourced semiconductor assembly and test (OSAT) companies have jumped into the PLP process market in large numbers," adding that "along with fierce competition, market growth is expected."

[Nutty @NuttyCLD]

For AI data centers, the key question right now is time-to-power.

Cost and emissions matter, but the first question is simpler: when can power actually reach the site where the GPUs are being installed?

Grid interconnection can take years. Large gas turbines now come with long lead times as well.

That gap is where fuel cells have become one of the more realistic alternatives.

But the important point is that not all fuel cells are the same bet.

SOFC, PEM, and MCFC use different fuels, serve different roles, and carry very different economics. So this market is less about a broad “fuel cell theme” and more about who can bring megawatts to the site first.

This one is free, so feel free to read and share it around.

[Ben Bosscher @BosscherBen]

Dylan Larkin went to Italy and got a taste of winning with a Gold Medal🥇

Comes back, team misses the playoffs again, no sign of change in the front office— Feels like there's no light at the end of the tunnel

He wants to win. Doesn't think it'll happen here. Don't blame him.

[will: Riley Greene Truther @wrhiv_72]

tigers win a series

[Jukan @jukan05]

Rubin will consume LPDDR like water in 2027… just watch.

[Anthony Bellino @ACBellino]

I am AMAZED that James Harden has never been called for pushing off

[Benson @Miggysbat]

The NBA needs more of this. They were at their peak when several players had this kind of edge.

But no, Ausar Thompson gets hit with a flagrant foul. Charmin-soft league.