The collateral is in a rack
By Viktor Yoshimura – 23th October 2026 Billions are lent against GPUs on the assumption they hold their value. Few have priced what it takes to get them back. The AI build has a credit problem, and most of the argument is about one number: how long a GPU keeps its value. That’s the starting […]
The paper trail is the target now
By Viktor Yoshimura – 14th October 2026 Southeast Asia’s e-waste crackdown has moved from the container to the declaration, the carrier and the money. The exposure runs back up the chain. Malaysia has re-exported 436 containers of e-waste this year. Another 578 start leaving this month. When I wrote about the export doors closing, the […]
Johor: the clearest test case for in-region ITAD
By Viktor Yoshimura – 24th September 2026 The Circularity Brief — independent intelligence on IT asset disposition and the circular economy, Asia-Pacific & Japan. Johor has become one of Southeast Asia’s fastest-growing data-centre hubs. It’s also inside the country that just shut its border to imported e-waste. Put those two facts next to each other […]
The export doors are closing on APAC’s e-waste
By Viktor Yoshimura – 10th September 2026 The Circularity Brief — independent intelligence on IT asset disposition and the circular economy, Asia-Pacific & Japan. For years, APAC’s ITAD industry had a quiet safety valve: if processing got expensive at home, you could ship the hardware somewhere cheaper. That valve is closing, and most companies scaling […]