1. Analysts claim that Sino-US trade war has limited impact on the semiconductor industry;
Gathering micro-network news, Sino-US trade wars are on the verge of shock, affecting the global industrial environment and also causing the global stock market to plunge.
Former Citigroup Global and Asia Pacific Semiconductor Research Team Leader of Barclays Capital Securities, Mr. Lu Xingzhi said that semiconductors are more difficult to impact on the impact of end products.
Lu Xingzhi stated that if the terms are to limit the end product, the mobile phone brand made from China into the United States only has the Apple iPhone, other Huawei, OPPO, and VIVO will not be able to sell it into the United States and will not be affected. If you look at semiconductors, where can't be seen, Mainly to see the location of the package, while semiconductors in China's packaging share of less than 10%, mainly in Taiwan packaging, and 301 if not for Taiwan, the package will not be affected, semiconductors are limited.
Former Citigroup and Yang Yingchao, chief analyst of Barclays Capital Securities Asia Pacific, said that the United States is offering 301 clauses and the scope of fears has extended to technology products. Yang Yingchao believes that the 301 tariff sanctions are just a bargaining chip for Trump, especially the Trump. The general businessman is a businessman and knows that if he goes on, he will lose. However, this decision must still be thrown before he can start coordination with China.
Cao Shilun, president of SEMI International Semiconductor and Materials Association Taiwan, pointed out that because the semiconductor industry is a global division of labor and cooperation industry, it is not happy to see the impact of the trade war. However, at this stage, the impact of the downstream product side will be Higher than the upstream semiconductor industry.
Cao Shilun said that the impact of the trade war on the downstream products will be fierce. Because the product is the content of where it is produced, the impact will be relatively direct and will be relatively large. The semiconductor industry is mostly the case of suspension of components, and in the short term, the whole The impact will be smaller. As for the long-term impact, it must be further observed.
2. The United States collects a tariff of US$50 billion on China! China’s counterattack: It is proposed to impose tariffs on imports from the United States;
In the early morning of the morning, it was reported that the United States announced that it imposed a tariff of US$50 billion on China to punish China’s 'infringement of intellectual property’. The United States may seek to further restrict China’s purchase transactions in the United States, and the US will challenge China’s licensing in the WTO. Card approach.
It is reported that President Trump signed the customs memorandum at 1230. The tariff will be announced within 15 days, and will take effect after 30 days of public feedback period.
Trump also instructed U.S. trade representatives to seek solutions at the WTO to resolve China's licensing practices, which the United States considers discriminatory. In addition, Trump will also instruct the U.S. Department of the Treasury to be outside the current scope of CFIUS, Consider expanding restrictions on Chinese investment and acquisitions.
In response, the Chinese Ministry of Commerce did not sit still and immediately responded. Today, the Ministry of Commerce issued a list of discontinuation concessions for US imports of steel and aluminum products 232 measures and solicited opinions from the public. It intends to add some products imported from the United States. Tariffs to balance the losses caused by the United States adding tariffs to imported steel and aluminum products to China’s interests.
The list tentatively contains seven categories and 128 tax products. According to the 2017 statistics, it involves the United States exporting about US$3 billion to China. The first part consists of a total of 120 taxes, involving US exports of 9.7 billion US dollars to China, including fresh fruits. Products such as dried fruit and nut products, wine, modified ethanol, American ginseng, seamless steel pipe, etc., are subject to 15% tariff. The second part totals 8 taxes, involving USD 1.92 billion in US exports to China, including pork and products. , Recovery of aluminum and other products, to impose a 25% tariff.
The fact that the United States imposed tariffs of 25% and 10% on imported steel and aluminum products on the grounds of 'national security' actually constituted a safeguard measure. According to the relevant provisions of the WTO’s Safeguards Agreement, the Chinese government has established a list of suspension concessions. China and the United States failed to reach a trade compensation agreement within the stipulated time. China will exercise the right to suspend concessions for the first part of the product; China will implement the second part list after further evaluating the impact of the U.S. measure on China. China reserves the right to measure according to actual conditions. The right to make adjustments, and will perform necessary procedures in accordance with relevant WTO rules.
The U.S.'s practice of restricting the import of products based on 'national security' has severely damaged the multilateral trade system represented by the WTO. It has severely interfered with the normal international trade order and has been opposed by several WTO members. The Chinese side has also adopted multiple levels. Multi-channels have negotiated with the United States, will take legal actions under the WTO framework, and work with other WTO members to maintain the stability and authority of the multilateral trade rules.
3. Sino-U.S. trade issues draw attention from high-tech companies in the United States; Qualcomm Intel is under pressure;
On March 22, US local time, Trump signed the U.S. President’s memorandum, saying that according to the '301 investigation' he was prepared to impose high tariffs on China’s multi-domain imports, restricting China’s investment in U.S. technology, and also targeting China’s discriminatory Technology Licensing Act' filed a trade suit in the WTO.
On the 23rd, the Chinese Ministry of Commerce immediately issued a list of suspension and concession products against the US steel and aluminum products 232 measures, and proposed to impose tariffs on certain products imported from the United States.
In the face of the continuing tight Sino-U.S. trade situation, not only Chinese companies, including Apple, Qualcomm, Intel, etc., have also felt pressure. In a joint letter quoted on the Wall Street Journal on Sunday, Google , Apple, Wal-Mart and other companies jointly verbally signed Trump, saying that the implementation of severe tariff policies will lead to retaliation, hit the US export industry, and thus have a negative impact on the U.S. economy.
Take Apple as an example. Currently, the Chinese market is an indispensable market for Apple's business. In the first quarter earnings of Apple Corps in 2018, revenue in Greater China was US$17.956 billion, accounting for 20% of its total sales. Revenue was US$16.23 billion, an increase of 11% year-over-year and an increase of 83% compared to the third quarter. In addition, as of 2016, Apple’s net sales revenue in China (including Hong Kong Special Administrative Region) was US$461.49 million, accounting for the global total. 21.4%. Cook also expressed in the same period after the publication of the financial report: Thank China.
In 2017, Apple invested RMB 3.5 billion for R&D in China. Now it has four R&D centers in Beijing, Shenzhen, Shanghai and Suzhou. In Apple’s product supply chain, a large number of suppliers come from China. Apple's supply chain is also expanding. The 'Apple Factory' extends from developed regions such as the eastern coast and the Pearl River Delta to Henan, Hunan, Shaanxi, Sichuan, Chongqing and other mid-western provinces and cities.
Hu Yifan, chief China economist of UBS Wealth, said today in an interview with First Financial that if the US survey of intellectual property rights is not so positive, it is very likely that China’s high-tech products will be taxed, including electronic products and telecommunication equipment. Accessories, such as a series of products in the apple industry chain, are likely to be taxed.
Obviously for Apple, this is not good news.
As the world's top chip company, Qualcomm and Intel and Nvidia are facing similar problems. Taking Qualcomm as an example, the Chinese market is undoubtedly the top priority in its future development. At a technology summit held in Beijing before, Qualcomm President Christiano Amon told reporters that Qualcomm’s chip business from Chinese OEMs in fiscal year 2017 is twice the income from Apple’s revenue, and the Chinese market will continue to grow. Currently, Qualcomm is from China. The annual revenue growth rate of OEMs is 17%. In 2015, this figure was 4 billion US dollars. Last year was 6 billion US dollars, and Qualcomm is expected to reach 8 billion US dollars in 2019.
Qualcomm told reporters today that it was unable to make any response to trade and tariff issues.
Intel executives said to CBN reporters, 'We don't know yet which products will be affected, but we think that, under normal circumstances, tariffs are a problem for U.S. companies with global supply chains. We hope that the U.S. government can provide consultations. Period. When we have more information, we will assess the potential impact. '
Shen Xinfeng, a macro analyst at Northeast Securities, said that US aircraft, agricultural products, integrated circuits and other products are highly dependent on the Chinese market. For example, China adopts anti-dumping and countervailing measures to counter, and these US industries will also face greater pressure.
From the perspective of the current Sino-U.S. trade industry structure, China’s exports to the United States are mainly mechanical equipment. According to the classification, they are mainly household electrical appliances, electronics, etc., accounting for 48% of total exports, 12% of miscellaneous products, and 10% of textiles. Metal products such as 7%.
In fact, with the gradual escalation of U.S. review of Chinese technology companies, some U.S. companies have begun to opt out of cooperation with Chinese companies due to government pressure.
Best Buy, the largest consumer electronics retailer in the United States, recently cut off its contact with Huawei. This is undoubtedly a blow to Huawei, which seeks to expand its market share in the United States. Huawei and Amazon.com and Newcom have been striving to enter the US market for the past few years. Retailers such as New Egg have established partnerships, and Best Buy is one of its largest partners.
For this news, Huawei issued a statement saying that Huawei attaches great importance to relations with all partners and fully understands and respects their choices. Given the business confidentiality requirements, it is inconvenient to disclose the specific details of cooperation between the two parties. One Best Buy spokesperson Reuters stated that the company could not comment on individual contracts with suppliers. 'We have many different reasons for the decisions we make about changing the products we sell.'
Huawei stated in its statement that Huawei's products sold in the United States not only meet the industry's highest standards of security, privacy, and engineering, but also pass the certification of the Federal Communications Commission (FCC). 'As of now, the global TOP 50 operators Of the 46 companies that sell and use Huawei products, enterprise users and consumers in more than 170 countries around the world are also using Huawei products with confidence.
In fact, since 2012, Huawei and ZTE have been challenged and restricted by the US on the grounds of security. Huawei originally planned to enter into a cooperation agreement with U.S. telecom operator AT&T for Huawei’s Mate 10 Pro phone, but before the official announcement AT&T decided to cancel cooperation due to pressure from political circles. Shortly afterwards, Verizon, another major US operator, also terminated sales of all Huawei mobile phones.
4. Sensitive moment Qualcomm IBM Google Apple CEO went to Beijing;
CEO of Apple CEO Cook, Google CEO Pega, IBM CEO Luo Meiyi, and Qualcomm CEO Morankov and other technology giants will attend the China Development High-Level Forum held in Beijing on the weekend to achieve more business opportunities in China. As the Sino-U.S. trade war is on its way, the journey of these big coffee companies is even more important.
Bloomberg Information reported that this annual forum on the 24th to the 26th is to help Western companies establish relationships with Chinese officials. Cook served as co-chair of the forum this year. iPhones and other products have always been good sales in China, but Apple's annual revenue in the Chinese market has declined; recently, Apple was criticized for migrating Chinese iCloud cloud user data to a Chinese-controlled server farm.
IBM announced a contract with China’s Wanda Group last year to assist IBM in expanding its cloud market in China; however, according to Caixin Media, Wanda will end its cooperation with IBM. Google withdrew from the Chinese market in 2010. Has been trying to return, but little progress has been made.
If the United States and China seriously break out of the trade war, the US technology industry will have greater resistance to operating in China. Industry experts point out that if China retaliates, the adverse impact of Apple's revenue may reach 15%.
Qualcomm CEO Morankov will attend only and will not give a speech. According to reports, China’s Ministry of Commerce is not satisfied with Qualcomm’s acquisition of NXP Semiconductors. Economic Daily
5. Allegedly infringing on the LED filament lamp patent, Ningbo Kaiyao Frankfurt booth was seized;
The well-known domestic LED filament lamp manufacturer Ningbo Kai Yao exhibited at the Frankfurt show 'a major event'!
According to people on the scene at the Frankfurt Lighting Fair, KLITE Ningbo, Zhejiang Province was reported for allegedly infringing the filament lamp patent, causing the booth to be closed and requesting a rectification booth. The allegedly infringing LED filament lamp bulb was suspected of being confiscated.
It is reported that the company that initiated the lawsuit is Taiwan's 'Liquid-Solar Solid-State Lighting' company. According to public information, TSMC had stake in the company in 2009.
It is understood that Ningbo Kaiyao Electric Manufacturing Co., Ltd. is a leading LED lighting application product and professional solution provider. The company's main products are LED lamps, LED drivers, energy-saving lamps, electronic ballasts, electronic transformers, bracket lamps, grids. Grid lights and other products.
Ningbo Kaiyao ranked first in the LED filament lamp export industry in China. Kaiyao Lighting, jointly established by Ningbo Kaiyao, Haining Kaidi, and Zhejiang Far East, ranked first in the export of LED filament lamps in the first half of 2017. The main exports are the United States, Poland, and France, and the three countries together account for 72% of the total.
In fact, as early as January 7, 2015, Ningbo Kaiyao Lighting obtained the patent authorization of Zhejiang Ruidisheng LED filament lamp. It is reported that the LED filament lamp produced by Ruidison Corporation was developed by the retired researcher Ge Shichao of Zhejiang University. Its LED filament lamp has a patented global layout.
The liquid-solid-state solid-state lighting developed the filament lamp market in 2013 and product design with LIQUIDLED as its brand. It took about two years to develop a flexible light bar about 2015, took one year to overcome the problem of product life, etc., and in 2016 and Europe The cooperation of local beer manufacturers, combined with the aesthetics of the bottle design, is applied to the lighting market.
It is not surprising that Ningbo Kaiyao is the lighting company with the largest export of LED filament lamps in China. It is not surprising that it is the focus of domestic and global companies in the same industry. If this infringement is true, it will inevitably be exported to Ningbo Kaiyao LED filament lamps. Cast a shadow on it. Gaogong LED