The stock prices of major overseas chip manufacturers have collectively halved this year
Under the influence of multiple factors such as sluggish demand and restricted exports, global semiconductor manufacturers are experiencing an industry downturn. The stock prices of major chip manufacturers and equipment suppliers have collectively halved since the beginning of this year. First Financial reporter found that since the beginning of this year, the stock prices of Samsung and Hexli have fallen by more than 30%, the stock prices of Nvidia and AMD have fallen by nearly 60%, the stock prices of Intel have fallen by nearly 50%, and the stock prices of Micron Technology , Infineon , Qualcomm , and NXP have fallen by about 40%.
Comment: Gartner analyst Sheng Linghai told the First Financial reporter that the impact of the chip industry will be relatively long-term, but despite the overall challenges in the industry, some mature process products such as analog chips used for terminal equipment such as automobiles and discrete semiconductors still have a market, but the profit may not be as good as high-end chips. According to the American Semiconductor Industry Association, global analog chip sales rose by more than one-third last year to $74 billion, surpassing the growth of logic chips and memory chips, and demand from China remains strong.
Huawei Latest personnel changes
On October 13, a reporter from the First Financial Daily learned from an insider of Huawei that Huawei has recently made new personnel appointments. Wang Tao is the president of the corporate BG, and continues to serve as the director of the ICT Infrastructure Business Management Committee, and Li Peng is the president of the operator BG. On the 7th, Huawei issued an obituary showing that Huawei's vice chairman Ding Yun died of a sudden illness. The operator BG and company BG under Ding Yun accounted for more than 60% of Huawei's total revenue.
Comment: Huawei has three major BGs in operators, terminals, and enterprise businesses, and also includes business departments such as cloud, digital energy, and smart car solutions. Operator BG and Enterprise BG are important businesses of Huawei and are the management and support organization of solution marketing, sales and services for operators and enterprise/industry customers. According to Huawei's first half of 2022 performance report, Huawei achieved sales revenue of 301.6 billion yuan, of which the operator's business revenue was 142.7 billion yuan. The company's business revenue is 54.7 billion yuan, and the rapid determination of personnel appointments is an important means for Huawei to stabilize its main business.
Honor launches professional e-sports mobile phone
On October 13, Honor launched the new member of the Honor X40 series, Honor X40 GT. According to the official website, this series is equipped with the latest GPU Turbo X technology, which can be refreshed according to different layers during the game. While improving the GPU rendering performance, it reduces the power consumption and temperature of the heavy-loaded game. After the underlying tuning of the GPU Turbo X system, the GPU rendering performance of the Honor X40 GT has been greatly improved by 30%, and the power consumption of the heavy-loaded game has been reduced by 6%.
Comment: From the perspective of product line layout, Honor V series and digital series are positioned as mid-range thin and light machines, and the Magic series focuses on the high-end market. The Honor X40 GT released this time can be said to be Honor filling the product puzzle of the gaming e-sports market, and it is also an active change made by smartphone , the smartphone continues to decline and mobile phone manufacturers.
TSMC announced its third-quarter financial report: Inventory adjustments continue until next year
On October 13, TSMC released its third-quarter financial report. Data shows that TSMC's total revenue in the third quarter was US$20.2 billion, a year-on-year increase of 35.9% and a month-on-month increase of 11.4%. The gross profit margin reached 60.4%, and the operating profit margin reached 50.6%, both exceeding market expectations. However, at the telephone financial report meeting held on the same day, TSMC President Wei Zhejia said, "It is expected that the semiconductor industry may usher in a decline (cycle) in 2023." TSMC said that inventory will peak in the third quarter and begin to decline in the fourth quarter. Due to weak demand and the off-season in the first half of 2023, inventory is expected to be rebalancing to a healthier level after the first half of 2023.
Comment: Previously, AMD and Intel both announced their latest revenue results, both lower than market expectations. Regarding the decline in revenue, AMD CEO Su Zifeng (Lisa Su) responded to "the performance of the PC market is weaker than expected and major inventory corrections for the entire PC supply chain." Last week, AMD significantly lowered its third-quarter revenue expectations.At present, the downstream market is sluggish, which limits the shipment and performance of upstream manufacturers. PC hardware such as CPU , graphics card , etc. are all subject to demand restrictions from downstream. The slow demand for upgrade and replacement has caused upstream manufacturers to have inventory backlogs.
involved in commercial slander disputes Tencent was sentenced to compensate Motong Technology .22 million yuan. The latter was acquired by Byte last year
China Judgment Documents Network showed that the court determined that Tencent Technology (Chengdu) Co., Ltd. (hereinafter referred to as "Tencent") constituted commercial slander and ordered it to compensate the plaintiff Shanghai Motong Technology Co., Ltd. (hereinafter referred to as "Motong") for a total of 220,000 yuan in economic losses and reasonable expenses, and clarified the relevant parties in writing about the commercial slandering behavior involved in the case.
Motong focuses on the overseas game market. Its 5v5 online tactical competitive mobile game " Endless duel " ("MobileLegends: BangBang", referred to as MLBB), launched in 2016, has long been at the forefront of the best-selling list in Southeast Asia, with monthly active users exceeding 90 million. In 2021, Mutong and ByteDance reached a strategic acquisition agreement, and Mutong became a subsidiary of ByteDance and maintained independent operation.
Comment: This is not the first dispute between the two companies. In 2017, Tencent accused Mutong Technology founder Xu Zhenhua of violating the competition agreement. In 2018, the case was finally ruled that Xu Zhenhua paid Tencent 19.4 million yuan. In addition, Tencent's subsidiary Riot Games also sued "MLBB" for plagiarizing " League of Legends ", involving product infringement, and several lawsuits have not been concluded. The dispute has not affected the status of MLBB in Southeast Asia. Sensor Tower's "2021 Southeast Asian Mobile Game Market Insights" report shows that "MLBB" revenue in Southeast Asia exceeded US$100 million in 2021, ranking second in the revenue and download list.
Sanqi Interactive Entertainment and Perfect World release "performance warning"
Recently, the two major game manufacturers Sanqi Interactive Entertainment and Perfect World successively released their third quarter performance forecasts for 2022, and their net profits both declined to varying degrees year-on-year. In Q3, Perfect World expects its net profit attributable to shareholders of listed companies to be 290 million yuan to 310 million yuan, down about 46% from the same period last year. In the first three quarters, Perfect World is expected to achieve a net profit attributable to shareholders of listed companies of 1.427 billion to 1.447 billion yuan, a year-on-year increase of 78% to 81%.
In the third quarter, Sanqi Interactive Entertainment achieved a net profit attributable to shareholders of RMB 500 million to RMB 600 million, a year-on-year decrease of 30.83%-42.36%. From the overall perspective of the first three quarters of 2022, Sanqi Interactive Entertainment expects its net profit attributable to shareholders to be 2.2 billion yuan to 2.3 billion yuan, a year-on-year increase of 27.82% to 33.63%. It is generally believed in the industry that the reduction in the launch of new products on the supply side and the reduction in consumption willingness on the consumer side, coupled with the impact of the high base in 2021, have led to the recession of the game industry in 2022. At the end of September, the latest report from gamma data showed that the actual sales revenue of the Chinese game market in August 2022 continued to be in July, with a double decline year-on-year and month-on-month, and the overall performance in the summer season did not meet expectations.
Comment: Google's vice president of the game industry, Google's major customer department, told First Financial that if compared with last year, this year's annual growth will indeed have some challenges, but if compared with 2019, the growth of the entire overseas game has nearly doubled. "In the long run, the game industry is still a potential market." Deng Hui believes that with the emergence of new hardware and interaction forms such as Metaverse and VR/AR, the gaming field still has a lot of room for imagination in the future.
Alibaba Replace LOGO
Since August this year, Alibaba Group (Alibaba Group) has gradually replaced the brand new brand LOGO. At present, its official website and some domestic and foreign social media platforms have been updated. This is the first time the company has updated the "a" face logo in 23 years.
Comment: has always been presented with a black stroke on the side face of the male avatar inside its lowercase A character. After modification, the black lines were removed, the facial shape was adjusted, and the raised tail on the right side of the letter "a" was appropriately shrinked, and then the two prominent sharp corners were treated with smoother rounded corners to make the figure more full and friendly.
Mini/Micro LED Investment and financing in the first eight months of this year involved more than 40 billion yuan
According to the "2022Mini/Micro LED Display Industry White Paper" released by the Mini/Micro LED Display Industry Branch of the China Electronic Video Industry Association on October 13, from January to August 2022, more than 30 companies conducted investment in the Mini/Micro LED industry, involving an investment and financing amount of 41.5 billion yuan.
From the application perspective, Mini LED backlight has achieved large-scale mass production. Medium-size IT products are the largest application of Mini LED backlight. They are expected to ship 13.8 million pieces in 2022, an increase of 86% year-on-year; TV is another major application of Mini LED backlight, and this year's shipment volume is expected to hit 4.6 million units; mass-produced products of automotive Mini LED backlight will start to form large-scale shipments in 2023.
Comment: is benefiting from the support of national and local policies, as well as the continued growth of downstream Mini/Micro LED demand. In the face of unstable internal and external environment, various companies' investment in the upstream, midstream and downstream of Mini/Micro LEDs is still increasing.
Sony Honda Mobile Company officially established
Sony Honda Mobile Company (SHM) was officially established on October 13. It will each hold 50% of the shares of Sony and Honda. It will develop and sell high-value-added electric car and develop mobile travel service business to create a "mobile travel technology company" with software as the core. SHM's first electric vehicle product will be available for pre-orders in the first half of 2025 and will be sold by the end of 2025. The company will deliver products to the US market in spring 2026 and to the Japanese market in the second half of 2026.
Comment: Sony car manufacturing is further implemented. Sony has more than 55% of the global automotive sensor market, as well as audio technology, imaging technology, a large number of entertainment program copyrights and mobile phone business. By joining forces with Honda, Sony hopes to build a world-class electric vehicle and moves from an electrical appliance manufacturing company to a "comprehensive life service company". Tesla is currently in the electric vehicle market. It remains to be seen how big a wave Sony Honda Mobile, which has only delivered its products in four years, can make in the market.
Midea's new European base was established in Italy
On October 14, in order to accelerate Midea's global layout, seize the opportunities of carbon neutrality , and deepen its efforts in the European central air-conditioning market, Midea Building Technology invested in the new production and R&D base in Europe and laid the foundation for construction in the Clivet factory in Feltre, northeastern Italy.
According to the plan, the new production base will invest 60 million euros, including a heat pump production center and R&D center, with an annual production capacity of 300,000 units, and is expected to be put into production in the second quarter of 2024. After completion, the key materials of heat pump products will be manufactured and sold in Europe, and the period from placing an order to deliver heat pump products will be shortened from the original 5 months to 1 month.
Comment: This year, Europe has been in short supply of energy, and demand for energy-saving heat pump products in Europe has surged. Midea acquired Clivet a few years ago, which is now an important part of Midea's international building technology business. The construction of the new base reflects the concepts of Midea local for local and western for western, and creates mainstream brands in the pan-European HVAC industry through the localization of production, research and sales.
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