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first_img The Central Bank of the Philippines plans to freeze the registration of payment operators for 12 months, tightening VASP regulation

The Bangko Sentral ng Pilipinas (BSP) has released a proposed announcement to suspend the acceptance of new applications for registration of payment system operators (OPS) for 12 months and to implement stricter controls on payment arrangements involving virtual asset service providers (VASP). The BSP stated that this move aims to conduct a comprehensive review of its classification and licensing framework.According to the draft, during the suspension period, the BSP will stop accepting and processing OPS applications. Applications submitted prior to the suspension can continue to be evaluated, but will not be approved or rejected until the suspension ends. Relevant entities are prohibited from conducting business activities that require OPS registration unless they obtain special authorization from the regulatory agency. In addition, BSP-regulated entities providing merchant acquiring services must connect licensed VASPs through direct merchant arrangements, and such relationships will be subject to enhanced due diligence, transaction and settlement limits, and other risk control measures.This requirement applies to virtual asset enterprises licensed, registered, or authorized by the BSP, the Securities and Exchange Commission of the Philippines, or other regulatory agencies, with VASPs being categorized alongside betting, gaming, adult industry, and money service businesses. If the draft is ultimately approved, it will take effect 15 days after publication, and the BSP is currently seeking public comments.

first_img Samsung's 4-nanometer production capacity is more than half used for HBM4 substrate chips

Samsung Electronics' wafer foundry division has recently surpassed 50% in the allocation of production capacity for the sixth-generation high bandwidth memory HBM4 substrate chips in the 4-nanometer process. The industry states that this division will invest more than half of its 4-nanometer wafers into HBM4 substrate chip manufacturing in the second half of this year to expand supply to companies like NVIDIA, Broadcom, and AMD.Samsung initiated mass production and shipment of HBM4 in February this year and plans to increase supply starting from the third quarter, significantly increasing the related wafer input since mid-year. This chip is based on Samsung's wafer foundry 4-nanometer (SF4) process. As of last month, over 50% of its total 4-nanometer capacity has been allocated to HBM4 substrate chips. According to insiders, Samsung's 4-nanometer process is currently at full capacity, with HBM4 substrate chips accounting for about 50% to 60%, and this high proportion will be maintained in the second half of the year.Samsung's wafer foundry production lines at Pyeongtaek Plant 2 and Plant 3 are mass-producing processes ranging from 4 to 7 nanometers, with a monthly capacity of about 30,000 wafers for the 4-nanometer process. Based on this, the wafer input related to HBM4 substrate chips is estimated to be about 15,000 wafers per month. During the second quarter earnings call, Samsung stated that it expects HBM4 revenue to increase more than threefold quarter-over-quarter in the third quarter, with HBM4 revenue in the second half expected to exceed 60% of the company's overall HBM revenue.

first_img South Korea's budget for each NVIDIA Vera Rubin rack is 27.5 billion won

According to Money Today, the South Korean government has budgeted 27.5 billion Korean won per rack for NVIDIA's next-generation AI chip Vera Rubin, which is higher than previous estimates by foreign media. The Ministry of Science and ICT's budget for GPU server expansion next year is 3.85 trillion Korean won, all allocated for the procurement of 140 Vera Rubin NVL72 server racks. Each NVL72 rack is equipped with 72 Rubin GPUs and 36 Vera CPUs, totaling 10,080 Rubin GPUs. This batch is independent of the 52,000 advanced GPUs announced by the ministry to be acquired by 2028, and the actual supply may be adjusted according to NVIDIA's delivery situation.The budget of 27.5 billion Korean won per rack is significantly higher than foreign media predictions. U.S. investment bank Bernstein's June report estimated the cost of a Vera Rubin NVL72 rack at 9.1 million dollars (approximately 12.3 billion Korean won), while Morgan Stanley estimated it at about 7.8 million dollars (approximately 10.5 billion Korean won). The government stated that the budget has taken into account potential price increases due to GPU shortages and the costs of supporting facilities. This batch of chips will be used for the development of next-generation cutting-edge models such as general artificial intelligence. Deputy Prime Minister and Minister of Science and ICT Lee Kyung-sook mentioned in June that creating a model on par with Anthropic's large model Mythos would require about 10,000 Vera Rubins, and this scale of 140 units is comparable.
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