1. Protectionism ignites the trade war between China and the US. How do these domestic and foreign companies stand?
As the Sino-U.S. trade war continues to heat up, China has also given a strong blow back under constant provocation by the United States. Despite the hard-line attitude of both China and the United States, it is still not the last minute. However, once the trade war is over, Opening up to the consumers or producers of both China and the United States will have a major impact. So how is the attitude of all parties involved in this war-torn warfare? Gathering Micronets to some foreign technology companies, industry organizations, semiconductor companies And the attitude of the terminal manufacturers to the trade war has been sorted out.
Foreign companies
Dale
At the 6th China Electronics Information Expo, Huang Chenhong, president of Dell Technology Group Greater China, revealed a message from the United States: The US IT Industry Council wrote a letter to the U.S. government expressing opposition to the Sino-U.S. trade war. This actually represents the opinions of the entire IT industry. The rapid development of the IT industry is the result of free trade. In his view, the IT industry in China and the United States has already had me among you and I have you in it. 'From an industry perspective, we are sure It is against the trade war.'
For Dell himself, Huang Chenhong pointed out that China is Dell's most important production base, and a large part of Dell's products are produced in China and then sold all over the world, including the United States. Huang Chenhong expressed the hope that China and the United States will be in trade frictions. The parties can negotiate well and avoid trade wars.
Microsoft
Hong Xiaowen, head of the Microsoft Asia Research Institute at the Boao Forum, said, 'I am very against the trade war. We are very much convinced that China will continue to be open and more open. This time, if China is more determined to accelerate the pace of opening, it will further strengthen China’s The influence of the international community and the firm pace of globalization. '
apple
Apple CEO Cooke stated at the China Development Forum in Beijing at the end of March that only those countries that embrace openness, trade, and diversity can achieve success, but those that refuse will not. China and the United States can do 1+1=3, through Open cooperation can make cakes bigger, rather than compete for a piece of cake. For China and the United States, trade benefits everyone, but there may also be uneven situations. The two countries can focus on the existing unevenness and cause this The cause of the unevenness, over time solving these problems, this will make everyone's life better.
Hyundai
On April 4, the Hyundai Group’s Center for Economic Research released a report saying that South Korea may suffer huge 'associational damage' in the Sino-US trade confrontation. In the future, if China’s exports to the United States are reduced by 1 buck, South Korea’s exports to China will follow. A decrease of 0.5 yuan. China is South Korea’s largest trading partner, and South Korea is also the country with the world’s largest trade surplus with China. However, the vast majority of Korean exports to China are intermediate products, many of which are exported to the United States after reprocessing by China. .
Industry organization
SEMI
Ju Long, Vice President of SEMI Global and President of China, said that SEMI encourages open and transparent communication between industries and is also pleased to see the various regions flourish and create opportunities for mutual win-win. This will enable the entire industry to grow together. He uses 16 words for sharing. Individuals and SEMI are self-assured, and are also expecting the global and Chinese semiconductor industry to grow bigger and stronger: 'Hai Na Bai Chuan, tolerance is big; standing on top of the millennium, no desire just yet!' Ju Long hopes that the global IC industry will be open and tolerant Mentality, fair and equitable competition rules, strengthen industry chain communication and dialogue, eliminate misunderstandings, avoid unnecessary trade barriers, seek cooperation and win-win, market opening, but also positive innovation, conspiracy for sustainable industrial development.
American Semiconductor Industry Association (SIA)
The American Semiconductor Industry Association (SIA), the trade organization representing the American core manufacturer, issued a statement at the end of March to support 'to avoid costly trade conflicts protecting the US IP'. SIA President and CEO John Neuffer stated that the SIA is also Review the government's findings and recommendations. Neuffer said: 'The US semiconductor industry, like the Trump administration, is concerned that China’s unfair and discriminatory trade practices pose risks to US IP. US chip companies should be able to compete in foreign markets. At the same time, to ensure that its key IP will not be at risk. 'Neurffer welcomes China's participation in the global semiconductor industry, but the premise is that it must 'comply with its international obligations and consistent with market principles'. He added: 'Ultimately, only strong IP protection can be met The long-term interests of the United States and China. '
IMF
Lagarde, president of the International Monetary Fund (IMF), stated that trade should follow the rules set by players themselves, such as multilateral trade organizations such as the WTO. There are any problems that violate the relevant rules, and there are corresponding dispute resolution mechanisms to solve them. In her view, to understand current trade disputes, we must learn from history. Before World War I, closed doors brought about many problems, and the subsequent globalization of trade brought good things to the world. 'For example, In the mid-nineteenth century, the world's extremely poor population accounted for 90%, and today's data is about 10%. Trade is one of the main improvement factors to get people out of poverty.
Terminal manufacturer
TCL
On April 9, TCL Group issued an announcement saying that the “Proposed levying of tariff lists for Chinese products” issued by the United States on April 4, 2018 has limited impact on the company. The company will pay close attention to developments and take all effective measures to safeguard corporate interests. , And maintain interaction with investors. TCL chairman Li Dongsheng said that the Sino-US trade war has little impact on the TCL '. For China’s entire home appliance industry, the tax list provided by the United States does indeed cover part of the home appliance industry. Product, but this part of the product is not produced in the United States itself, 'The final effect depends on the outcome of the negotiations.'
TCL Group stated that the US market is one of the company’s important overseas business markets. According to the US release list, the company’s exports to the United States of America’s product color TV business may be affected. The company’s sales of color TV parts in the United States are manufactured and directly exported domestically. Production at the company's Mexican plant (US imports of color TV products from Mexico under the North American Free Trade Agreement is currently tax-exempt); the list may affect the color TV products business directly exported from China to the United States. This company has already begun planning to increase the production capacity of Mexican factories and take other measures to reduce the The company's US business impact.
Lenovo
Liu Jun, executive vice president of Lenovo Group and president of China, said that for Sinorama, trade frictions between China and the US are by no means what they are looking forward to. In the past week or so, Lenovo’s relevant departments have been waiting to be met. The Sino-US trade war against Lenovo is A very important matter has a great influence on the association.
He said that the United States is a very important market for Lenovo. In Lenovo’s annual export sales, the US market accounts for nearly 20%. On the other hand, as a Chinese company, Lenovo’s production bases are mostly domestic, so there are also The case of importing components from the United States. This means that once the Sino-US trade war is really played, Lenovo will face the double tariffs of China and the United States. For this Sino-U.S. trade friction, Liu Jun borrows an old Chinese saying to express his views: He Weigui. He believes that the trade war is not beneficial to China or the United States, and both countries will be affected.
Skyworth
Chairman of the Board of Directors of Skyworth Group Co., Ltd. Lai Weide said that Skyworth does have a part of the market in the United States, but its share is modest. Last year, Skyworth wanted to push high-end products to the US market, but the amount is not large at present, so this Sino-U.S. trade friction is against Skyworth. The impact will not be very large. However, the United States is the next market Skyworth is targeting. In the long run, Skyworth is also considering the US market as an important market, and therefore does not want to see the occurrence of a trade war. China and the United States should not trade either. war.
Dajiang
Luo Zhenhua, president of Shenzhen Dajiang Chuangxing Technology Co., Ltd. believes that the trade war has never stopped, but this time it covers a wide range. The United States is an important market in Dajiang, but this time, aerial photography vehicles are not listed in the United States. In the list, the internal affairs of Dajiang are also being evaluated. The impact is currently very small. However, trade has long been borderless. For Chinese companies, this is an opportunity for physical training, if Chinese companies realize how to improve their competitiveness. This trade war will be a turning point for Chinese companies.
Shuguang
According to Li Jun, president of Shuguang Information Industry Co., Ltd., from the point of view of industrial development, the development of the digital economy has in fact been inseparable from the Sino-U.S. trade. It does not want to see the trade between China and the United States unstoppable. This Sino-U.S. trade war It also involves high-tech exchanges. But in the past, after China was blocked by technology, it had been working out for 20 years. Once the Sino-US trade war is really started, Chinese companies still need to be self-reliant. He believes that trade is free. In the final analysis, I would like to, if the technologies and products of Chinese companies are sufficiently strong, there will still be customers paying for them.
Gree Electric Appliances
Chairman of the Gree Electric Appliance Co., Dong Mingzhu, said at the Boao Economic Forum that a trade war should not happen. Whoever has the technology and the product is good should use it. In her view, the world should develop together and open the door. In the era of internet big data, no It should be argued which country will do better, but it should discuss which company will do better. Whose technology is advanced, who's product is good to use who.
Vivo
Vivo founder, Chief Executive Officer (CEO) Shen Wei stated at the Boao Economic Forum that the mobile phone industry is a global division of labor and cooperation. If there is a trade war, Vivo may be worse than the original, but there is no doubt that no one will be better than the original. Good. 'In the long run, globalization is a certainty. Every company must put its business into the world. It is certain that we need to strengthen the ability of scientific and technological innovation. The mobile phone industry is the most promising opportunity. The mobile phone has already achieved globally. Competitiveness. And our industry is huge. Last year, the total retail volume of mobile phones exceeded 1 trillion yuan, accounting for half of the electronics industry. For the Chinese electronics industry, the mobile phone industry has become a self-innovation, self-leader, and it is now a good time And. Regardless of the general environment, we are immersed in 'causes', and 'fruit' will come to fruition. Everyone will see that many of our innovations will lead the world.
Huawei
Huawei’s successive setbacks in the United States have been related to the recent warming up of the trade war between China and the United States. The “Financial Times” of the United Kingdom recently published an article entitled “The United States' Obstruction Cannot Stop Huawei’s Powerfulness”. The article stated that Huawei became the victim of the United States’ struggle against China. Yu Chengdong believes that The competitor is using some 'political means' to allow Huawei to withdraw from the US market. He said: 'They can't compete with us in terms of products, technology, innovation, and they can only use political means to pin down us. Even if there is no US Market, we can also become the world's top mobile phone manufacturer.
Leybold Tech
The staff of the LEYBOLD Hi-Tech Securities Department stated that the company’s mid- to large-size capacitive touch screen products are not manufactured in the United States. The company’s products are basically exported directly to customer-designated OEM/ODM manufacturers in the domestic bonded area, and then the OEM/ After the ODM manufacturer completes the production of the complete machine, it is then exported to a specific country or region according to the customer's specified requirements. Therefore, the initial judgment on the increase of tariff policies imposed by the United States on some high-tech products in China should not have a major impact on the company.
Absen
Absen said that the company’s products are sold globally, and the US market is only a part of it. In recent years, countries including China, Europe, Asia-Pacific, and Latin America have had strong demand for LED displays. The company’s business growth has never been met. Rely on a single country and market. The company has considered the impact of this trade protection measure and made preparations.
Inventec
Inventec's general manager Wu Yongcai said that if the war on tariffs begins, there will be impacts. However, the company has set up server factories in Mexico and the Czech Republic. It can produce some laptops, and Taiwan also has power plants. It ships about one million units each year. If it does happen, the Czech Republic, Mexico factory can do the response, so that the impact of the product is not too much. He stressed that the US customers are more nervous and more pressure than Inventec. He believes that the US President Trump interacts with mainland China. There is no benefit for both parties. Inventec through triangular trade, orders from Taiwan, mainland shipments, trade wars between China and the United States, many industries in Taiwan will suffer. For example, smartphones, laptops and other products, many suppliers cannot follow. The United States can only produce parts and components in countries without tariff barriers by segmentation, and then ship it to the United States for assembly. It can solve the tariff problem of some parts and components. In order to solve all the component problems, Inventec has no alternative.
Acer
Shi Zhenrong, founder of Acer, said that everyone will find a new model for reciprocity. You can wait and see the changes first. Taiwan can continue to increase its own core competencies and grasp the new opportunities that are constantly changing. For Taiwan's response, Shi Zhenrong said that it is necessary to pay close attention. , increase its own core competencies, continue to make the greatest contribution to partners, this is the role we should play. The outside world is constantly changing, the dilemmas or opportunities that may arise in the changes, can make good use of Taiwan's flexibility, speed, entrepreneurship Spirit, etc., to grasp the new opportunities that are constantly changing. He added that even if the 'Taiwanese companies deliver goods to the United States through China' are subject to tariff policies, then 'US customers' may suffer losses because there are no other suppliers. Alternative.
Hon Hai
As the Trump administration began to fight against China’s announcement of its middling war, China began to fight back, and the trade scope involved in the trade war continued to increase. The electronic display industry may be suppressed. Hon Hai’s panel layout in China and the United States was not boosted by the Sino-US trade war. In a warm pause, Hon Hai teamed up with the US 10.5 Generation Panel Plant. It was led by Honorary President Hon Hai and Hon Hai Group's consultant Duan Xingjian, who led the group's panel members to build together. Guangzhou Zengcheng Chaoshi 10.5 The foundry has recently completed project contracting and will start production in 2019. It will soon be transferred to Weizhou, USA, and will begin construction in April.
China Motor Group
Chairman of the China Railway Group Corporation and party secretary Liu Hualong said at the Boao Forum that Sino-U.S. trade frictions have little impact on CRRC's U.S. operations. 'Overall, the overseas markets of CRRC have developed rapidly in the past two years and trade with the U.S. The amount is also rising significantly. I think the trade friction between China and the United States has no impact on CRRC as a whole. From a development point of view, it is still necessary to promote globalization and share global development. 'Liu Hualong points out, 'Why isn't that important? The contract with the United States has a period of time, and more than 60% is produced in the United States. In addition, the impact of domestic production on the price is small, about a percentage of single digits.
Liu Hualong also stated that the most prominent problem encountered by CRRC in going out is technical barriers. 'Overseas technology certification and localization policies have raised new issues for us. How to deal with it is a key issue. I think the technology is better first, who will lead the standard and lead the standard. Currently, CRRC actively participates in the formulation of international standards to break the technical barriers. 'Liu Hualong pointed out.
Liu Hualong also stated that in terms of localization, CRRC currently has two bases in the United States. One of them will be put into production in April this year, and the other will be put into production in Chicago next year. 'Local requirements for labor localization rate reach 40%, as long as they do a good job locally. I think we can achieve healthy development.
Semiconductor companies
Qualcomm, Intel
As the world's top chip company, Qualcomm and Intel and Nvidia are faced with similar problems. Taking Qualcomm as an example, the Chinese market is undoubtedly the top priority in its future development. At a technical 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 has come from Chinese OEMs. The company’s annual revenue growth rate is 17%. In 2015, this figure was 4 billion US dollars. Last year it was 6 billion US dollars, and Qualcomm is expected to reach 8 billion US dollars in 2019.
However, Qualcomm expressed no response to trade and tariff issues. However, Qualcomm Chief Executive Morenkov said that with the large-scale deployment of 5G in mainland China, Qualcomm hopes to provide its own technology to different industries, different types of China. Enterprises. Not only to strengthen cooperation with domestic mobile phone companies, but also to the automotive, Internet of Things, education, medical and other areas based on 5G connectivity.
Intel executives said, '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 that have global supply chains. We hope that the U.S. government will provide comment period. When we have More information will assess the potential impact. '
SMIC
Zhou Zixue, chairman of SMIC and China International International, said at the Nanjing Semiconductor General Conference recently that the trade war is not good for both parties. The consequence is that both governments have received a sum of money, but the increase in corporate costs will be passed on to the eventual event. Consumers and integrated circuits penetrate into all walks of life and share in downstream products, which are passed on to consumers in all countries, and will inevitably cause a decline in the global economy. If other means are used, it will undermine the fair competitive environment. He pointed out that the US 301 The material, the United States did not expect at first, many of us are saying that the United States copied our speech. Many foreign advanced technologies have been developed for decades. Although we have a strong desire to catch up, it is extremely difficult. Large, maybe twenty or thirty years later, China will not be able to make the world’s most advanced semiconductor equipment, but we always have a goal and direction. From an industry perspective, we are willing to work with China Semiconductor to work with industry players to stop unfair practices. .
MediaTek
On the 11th Master Class Seminar on “Industrial Future of Innovation and Innovation” organized by Taiwan’s Jiaotong University’s Smart Semiconductor Industry and Research Alliance, Cai Lixing, CEO of MediaTek pointed out that there will be no trade war yet, but the two largest economies There is friction and there is no room for industry. Although it will pay close attention, it must start with its own products, R&D, business and marketing, and do a good job of its own. It should be done by improving its own competitiveness.
Changdian
According to Wang Xinchao, chairman of Jiangsu Changjiang Electronics Technology Co., Ltd., about 60% of Jiangsu Changjiang's processing service products are sold abroad, of which the United States accounted for more than 30%, but if Apple's order is completed after the completion of Jiangsu Changjiang, it is The goods were delivered to Foxconn, but instead of being sold directly to the United States by Jiangsu Changjiang Electronics, he believes that the Sino-US trade war has not had much impact on Jiangsu Changjiang Electronics.
Silan Micro
Silan Micro recently said in an agency survey that it will purchase domestically-produced equipment in the future. 'The country is also very clear. In the future, the entire machine industry must vigorously use domestically produced chips, including this trade war, and it is not a bad thing. It will make Chinese companies more sober. Recognizing what they need to do. 'Silan Micro pointed out that the development of its semiconductors depends not only on money, but on the need for time and people. It also points out that the development of the semiconductor industry cannot be quick and immediate, requiring 10-20 years of effort. Because this is a relatively mature industry, competitors are all large international companies, domestic substitution is also a gradual process.
TSMC
In the global semiconductor supply chain, TSMC plays a key role in the development of the semiconductor industry in the United States and China. For the recent rise in the trade war between China and China, TSMC is not happy to see trade shocks and the two parties are developing harmoniously. This will help Taiwan Semiconductor Manufacturing Co. At the end of March, Ian Steff, deputy assistant secretary of the United States Department of Commerce in charge of manufacturing, went to Taiwan to meet with TSMC Chairman Zhang Zhongmou. According to the participants, Ian Steff emphasized on many occasions that Taiwan’s semiconductor industry is an important ally of the United States. He hopes that the two sides will strengthen their cooperation. In the United States and China, it is important to develop the semiconductor industry. Both countries need TSMC to assist in the development of the semiconductor industry. There is a trade war between the United States and China. The impact on TSMC is actually limited, but TSMC is not happy to see either.
Ziguang Guoxin
When Ziguang Guoxin recently answered investors' questions on the investor interaction platform, the company stated that apart from the small portion of quartz crystal products exported to the United States, other businesses did not have business dealings with the United States. The sales revenue and profits of products exported to the United States accounted for a very large proportion. Small, the current trade war has no direct impact on the company. From another perspective, it will help promote the localization of products and bring more opportunities for the development of the company.
Purple light
Ziwei Zhao Weiguo said with a smile that he would like to thank the U.S. government for helping Ziguang to do a lot of propaganda. Ziguang was listed as one of the taxable companies under Article 301 of the United States. It did not say that Ziguang was not good, but merely stated many of the words we had spoken and talked about, so it was The United States helped Ziguang make a big propaganda. Zhao Weiguo analyzed that many national strategies are not what Ziguang can do, but business and technology can be combined. The technology industry must be combined with commercial realities. Only technology-based enterprises can never go down. Because there are only scientific and technological ideals, there is no commercial consideration. Therefore, successful companies must combine local ambitions and internationalization. Purple is focused on this complex. He analyzes that Sino-US trade wars, shopping malls such as battlefields, and the first-timers can win. The latecomers start with R&D completely, and in the end, they are eating soil. It's like crossing the river to half of your opponents pushing you down. Through mergers and acquisitions, you can have a complete team, property rights, sales, profits, and create an industrial ecology.
UMC
With the intention of President Trump of the United States counteracting 'Made in China 2025', the market is highly concerned about future Chinese official policies on the semiconductor industry, and follow-up on Taiwanese manufacturers that have invested in setting up factories in mainland China, such as TSMC and UMC. UMC March 29th According to the changes in the global situation, if necessary, it will be assessed to set up a factory in the United States. UMC stated that the company’s long-term production layout strategy is to base itself on Taiwan and layout the world. Currently, trade wrestling and subsequent influence on the US and China are still under observation. UMC’s current high-end manufacturing process still focuses on Taiwan. Overseas production bases include the mainland, Japan, and Singapore. Among them, the Xiamen plant in the mainland is a newer one, and the new production line is still expanding. Currently, the company is based in Taiwan. The global production strategy will continue to be maintained. As to whether it is possible to join the ranks of the United States in the future, UMC stated that the future will change with the global situation and if necessary, the company will conduct internal assessments.
Internet companies
Alibaba
During the Boao Economic Forum, Ma Yun, Chairman of Alibaba's Board of Directors, stated that peace and development are the two major themes in the world today. 'Over the past 40 years, China has opened up its markets, both domestic and international markets. If there is no reform and opening up policy, then There will be no us today. 'He said that trade is not just about products and commodities. Trade is about respecting everyone's culture. No one can stop the progress of globalization. 'If the rules are not good, we have to improve, but we cannot Come. Trade is a negotiation, not a bargain, so I think if the trade stops, then the world will stop. In the trade between China and the United States, China has gained income, the United States has made a profit. It is undeniable that the world There will be problems and disagreements between the two largest countries, but the trade war is by no means a solution. We cannot solve yesterday’s problems by winning the trade war. We must find innovative ways to solve tomorrow’s problems. '
He also mentioned that if the trade stops, the world will stop. No one can stop the globalization process. ... If China and the United States maintain good economic and trade relations, there is no problem in providing 1 million jobs to the United States. It can even provide 10 million jobs. But if there is no trade between China and the US, there will be no 1 million jobs.
Yilian Network
Under the impact of the Sino-U.S. trade warfare, Yilien Securities’s securities department responded that 'At present, we do not know whether the company is listed in the United States for additional tariffs. However, from the perspective of the entire US imported products, domestically produced SIP phones are The proportion of products is very small. Even if the company is on the list of additional tariffs, the company will take corresponding measures, including production transfer, and select countries or regions where labor costs are lower than China, on the one hand to save processing costs. To avoid the increase of tariffs.'
According to sources from Yilian Securities, the SIP phone is relatively small compared to 5G, mobile phones and other concepts in the field of communications technology. The possibility of concern is relatively low. Most of the global SIP phone manufacturers are manufactured in China. And the tariff is determined according to the attributes of the origin. If tariffs are added, almost all manufacturers will be affected, and basically will not change the competitiveness pattern.
Even if the company does not take any measures, considering that the final implementation of the tariff will still have a certain period of time, the impact on the performance of the company in 2018 may eventually only affect one quarter, and the US revenue accounted for about 30% of the company's annual revenue. Operations will not have much impact. 'The above person said.
Some A-share companies
Alto Electronics stated that it is basically not affected by fluctuations in US trade policy as a whole. Shennan Circuit stated that the company’s North American regional revenue accounted for approximately 3.75% of its main business revenue in January-June 2017. Goer shares on the interactive platform that the company directly The proportion of products exported to the United States is very low. They are mainly processed and assembled in the bonded areas outside the borders of the country. The trade restrictions list can be ignored. In short, the impact is small and indirect. (Proofreading/Fan Rong)
2. Zhaoyi Innovation Zhu Yiming: Living is the key
The field of memory chips 'NOR Flash' ranks among the top three in the world, and Kyi Yi innovation has rapidly become a sought-after favorite in the capital market.
After listing, it even pulled 18 daily limit, August 2017 has even more than 120% increase. Behind the soaring share price, is a series of operations - the acquisition of Beijing Sicheng (for the end of Beijing Sicheng suppliers), combined Hefei production investment In the field of DRAM, the National Fund has been assigned as the company's second largest shareholder and shares in SMIC, intending to acquire Shanghai SiLi Microelectronics.