Plummeted 62%! Another bank in the United States is going to be thundered?
The huge shock in the U.S. banking sector has not disappeared, and the market panic has intensified.
There are currently three bank run crises in the United States. Following the explosion of Silvergate Bank and Silicon Valley Bank (Silicon Valley Bank), Signature Bank was also announced to be closed on March 12.
Now, investors are focusing their attention on Silicon Valley Bank’s “citizen”, also headquartered in California, First Republic Bank (First Republic Bank), and the market is worried that it will become the next bank to be hit by a thunderbolt.
Following last week’s cumulative decline of more than 30%, on March 13, First Republic Bank once again staged a critical moment, falling nearly 75% at one point, and its stock price fell 61.83% at the final close. The latest total market value is less than 6 billion US dollars.
The bank had previously said it had shored up its finances with additional funding from the Federal Reserve and JPMorgan. At present, all unused liquidity funds of FRC exceed 70 billion U.S. dollars, and more liquidity can be obtained through the “Bank Term Financing Program” announced by the Federal Reserve. (Source: China Times)
Tesla stopped cooperating with BYD? BYD: The news is not true
Recently, in response to foreign media reports that “Tesla has suspended cooperation with BYD on batteries”, BYD responded: “Inaccurate information does not match the actual situation.”
Previously, Korea Economic Daily pointed out in a report that after the battery supply contract between Tesla and BYD on low-priced models such as the Model 3 standard version expired at the beginning of this year, they did not require continued supply. There are three possible reasons for the cessation of cooperation: the continuous problem of BYD’s blade battery; considering the US’s subsidy policy for electric vehicles; BYD’s manufacturing and export of electric vehicles in Europe, India, Southeast Asia and other places have direct competition with Tesla This is also the reason for the termination of the contract.
According to the article, LG Energy Solutions is accelerating the development of lithium iron phosphate batteries for electric vehicles at the request of Tesla, because Tesla’s upcoming cheaper models will have greater demand for lithium iron phosphate batteries. (Source: Financial Associated Press)
It is reported that Google and Microsoft have started layoffs in South Korea: the compensation is 6 to 15 months’ salary
According to the Korea Economic Daily, the South Korean branches of Google and Microsoft have begun laying off staff to match the large-scale restructuring of the world’s largest technology companies. According to industry sources, Google Korea recently sent emails offering severance packages to employees targeted for layoffs. A Google Korea official said, “If you accept the recommended layoff plan within the specified time, you will get a higher severance package.” salary as compensation.”
Korean media pointed out that Microsoft Korea, which had 475 employees at the end of last year, also began to reorganize last month. From last month to this month, about 20 employees have been interviewed for severance packages, which include up to 24 months’ salary as compensation, depending on years of employment.
It is reported that in January this year, the CEO of Alphabet, Google’s parent company, stated in an employee memo that the company would lay off 12,000 people. Google said at the time that the layoffs were global and would immediately affect U.S. employees. On January 18, Google rival Microsoft announced that it would lay off 10,000 employees by the end of the third quarter of fiscal year 2023. (Source: 36 Krypton)
Samsung mass-produced the third-generation 4nm process in the first half of the year
In the field of chip foundry, TSMC is the only one, and Samsung is the only rival that can compete with TSMC in technology, but each generation of technology will be a little bit worse. For example, the yield rate has troubled Samsung for many years, causing Samsung to fail. Stay with big customers.
Taking the 4nm process as an example, Samsung has mass-produced two generations of 4nm, and it once made the Snapdragon 8 series flagship for Qualcomm, but after the Snapdragon 8+ and the current second-generation Snapdragon 8, Qualcomm also turned to TSMC 4nm Yes, and the upcoming Snapdragon 7+ series is also manufactured by TSMC.
Samsung has also prepared the third-generation 4nm process, which will be mass-produced in the first half of this year. Compared with the early 4nm process, the new version provides better performance, and the biggest troublesome yield problem that plagued Samsung has also been solved this time, increasing to 60 % level.
Although compared with TSMC’s 70-80% yield rate of the same level of process, Samsung’s third-generation 4nm process is still a bit worse, but it is a qualitative change compared to the earlier rumored yield rate of less than 30%, which can greatly improve Samsung’s 4nm process. Competitiveness. (Source: Fast Technology)
Singapore is trying to convince TSMC to build a factory with heavy subsidies
News on March 13, according to foreign media reports, chip factories with huge investment, high technological content, and high output are the targets of competition from many countries. In order to attract chip manufacturers to build factories, some countries are also willing to provide high subsidies including tax incentives.
The latest reports show that Singapore is actively trying to persuade TSMC to invest in the construction of a 12-inch fab through a large number of incentives and subsidies.
Singapore also had incentives before to attract chip manufacturers such as TSMC to build factories there. According to industry insiders, the subsidies provided by Singapore this time, including free land, water and electricity, as well as tax incentives and sufficient human resources, may persuade TSMC to build a 12-inch fab.
TSMC currently has a joint venture 8-inch wafer factory in Singapore, which was built in 1998. It was initially invested and constructed by TSMC, a company under NXP Semiconductors and the Singapore Economic Development Board, but in 2006, TSMC and NXP acquired acquired a stake in the Singapore Economic Development Board, and then became a joint venture between TSMC and NXP. (Source: TechWeb)
Xiaohongshu is deleting photos? Official: just clearing the temporary cache
Recently, some netizens reported that when using Xiaohongshu, the mobile phone system will prompt that “Xiaohongshu is deleting photos”. Temporary cache generated while using the app.
Specifically, when users use some functions of certain versions of the Xiaohongshu App, the system may generate temporary cache files for ease of use. After the user completes the corresponding operation, the system will automatically clear it to avoid occupying the storage space of the user’s mobile phone.
“Xiaohongshu users’ personal privacy protection and data security have always been our insurmountable red line. Xiaohongshu will continue to improve user experience and create value for users. We also welcome continuous dialogue, feedback and supervision from all users.” Xiaohongshu Officially stated. (Source: Sina Technology)
Hong Kong University of Science and Technology: Extra points for using ChatGPT in the mid-term report
On March 13, according to the “Hong Kong Economic Times” report, the Hong Kong University of Science and Technology has taken the lead in encouraging students to use ChatGPT, stating that in the mid-term report to be submitted next week, students can get extra points if they use ChatGPT. Associate Professor and Senior Consultant (Entrepreneurship) of HKUST Huang Yueyong, who led the course, described that ChatGPT will bring irreversible changes to future learning, deepen the depth of knowledge and bring more creativity, calling on different sectors of the education industry to implement applications and discussions as soon as possible.
The Hong Kong University of Science and Technology was the first to announce earlier this month that it is up to teachers to decide whether to allow students to use ChatGPT. Huang Yueyong said that unlike many universities in Hong Kong that prohibit students from using ChatGPT or other AI tools, the attitude of the management of HKUST is to hope that everyone can “learn as soon as possible.” Huang Yueyong said that when scoring, more attention is paid to the dialectical and reflective process of students interacting with ChatGPT.
At present, in addition to the Hong Kong University of Science and Technology, the University of Hong Kong and Lingnan University announced last month that students are temporarily prohibited from using ChatGPT. The vice president (teaching) of the University of Hong Kong, He Liren, sent an email to teachers and students on March 9, stating that the relevant short-term policy remains unchanged and will continue until The school year ends in August. (Source: Interface News)
Huawei P60 series will be announced on March 23
According to news on March 13, Huawei officially announced that it will hold a Huawei spring flagship new product launch conference in Shanghai at 14:30 on March 23. At that time, Huawei P60 series and Huawei Mate X3 folding screen will be released. It is expected to include Changxiang 60, Watch 4 series smart watches, Band B7 sports bracelet, Huawei Freebuds series earphones and other new products.
According to previous revelations and various certification information, Huawei P60 series is equipped with Qualcomm Snapdragon 8+ 4G platform, the first 50Mp± Sony IMX888 sensor, with f / 1.4-4.0 variable aperture solution, and will also be equipped with Huawei’s self-developed XMAGE image .
In addition, the Huawei P60 Pro will also be equipped with a 64-megapixel OmniVision OV64B telephoto camera that supports 3.5x optical zoom and uses an RYYB sensor. (Source: IT House)
The latest official image of Lynk & Co 08 mid-size SUV is released, and the exterior design is revealed
Lynk & Co’s new large 5-seat new energy medium-sized SUV “DX11” has been named Lynk & Co 08 and is expected to be officially unveiled on March 30. Lynk & Co officially released the latest appearance preview of the new car today, exposing the overall design of the Lynk & Co 08.
Judging from the latest official image of Lynk & Co 08, Lynk & Co 08 is based on The Next Day design language, with hidden door handles and large-size wheels. In addition, the Lynk & Co 08 is also equipped with Daybreak Daytime Running Lights, Yingneng Crystal Penetrating Taillights, and a technological totem semaphore interactive screen.
According to previous revelations, the Lynk & Co 08 is expected to adopt the CMA 2.0 architecture, equipped with a 1.5T Raytheon intelligent electric hybrid system, and equipped with a new four-cylinder electric hybrid engine and electric hybrid gearbox. In terms of the car-machine system, the exposed car-machine system brings the concept of a negative screen from the mobile phone, supports the interconnection of the car-machine + mobile phone, and has a deeply integrated and customized third-party App interface. (Source: IT House)
Michelle Yeoh becomes Oscar’s first Chinese “Actor Queen”
On March 13th, on the podium of the 95th Academy Awards Ceremony, Michelle Yeoh, the first Chinese “actress” in Oscar history, was ushered in!
The famous actress, whose ancestral home is in Fujian, China, was born in Malaysia, became famous in Hong Kong, China, and made her way in Hollywood, defeated Cate Blanchett, who is known as the “big devil” for multiple Oscars. Winning this year’s Oscar for Best Actress, she ushered in an extremely dazzling highlight moment in her 61st year of life.
In the awards season of the past few months, Michelle Yeoh has successively won many important awards such as Best Actress in a Musical/Comedy Film at the 80th Golden Globe Awards and Best Actress at the 53rd Screen Actors Guild Awards. The “big shot” that the media scrambles to report on. At the same time, she was also selected as the “Idol of the Year” in 2022 by the American “Time Magazine”, the first Asian actress to receive this honor.
On January 24 this year, the list of nominations for the 95th Academy Awards was released. The fantasy film “The Transient Universe” starring Michelle Yeoh led the audience with 11 nominations. Since the award was founded in 1929, it is the first Chinese-American actress to be nominated for “Queen of Best Actress”. (Source: Jimu News)
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