The stock price plummeted 5.51%! The wafer foundry giant evaporated 230 billion overnight

1. TSMC's market value plummeted by 230 billion

According to Tencent's stock data, as of the close of the U.S. stock market on July 15, TSMC's stock price fell 5.51%, and its market value evaporated by about US$35.5 billion (about RMB 230 billion). The closing price on that day was US$117.53 per share, with a total market value of US$609.52 billion.

Source: Tencent Stock Picks

According to China Fund News, in terms of chip stocks, TSMC's financial report impacted the expectations of super-high prosperity of chip stocks, and many chip stocks followed the decline. Intel fell 1.26%, Qualcomm fell 1.59%, Micron Technology fell 2%, and AMD fell 2.38% .

According to its financial report, TSMC achieved revenue of NT$372.145 billion in the second quarter of 2021, a year-on-year increase of 19.8%; and achieved a net profit of NT$134.359 billion, a year-on-year increase of 11.2%, but lower than the market expectation of NT$136.15 billion.

TSMC CEO Wei Zhejia said that the current tight semiconductor supply situation is expected to continue until 2022. Wei Zhejia said that this year TSMC will increase the production of microcontrollers by nearly 60%, which will help significantly alleviate the chip shortage problem of its automotive customers starting from this quarter. In addition, TSMC also confirmed that it is considering building its first chip factory in Japan.

2. Seven departments entered Didi to conduct network security review

According to the official website of the Cyberspace Administration of China on July 16, a relevant person in charge of the Cyberspace Administration of China stated that in accordance with the arrangements for the cyberspace administration review, on July 16, the Cyberspace Administration of China, together with the Ministry of Public Security, the Ministry of State Security, the Ministry of Natural Resources, the Ministry of Transport, the State Administration of Taxation, the State Administration for Market Regulation and other departments, jointly entered Didi Chuxing Technology Co., Ltd. to conduct a cyberspace administration review.

Source: National Cyberspace Administration of China official website

According to China News Network, the Cybersecurity Review Office conducted a cybersecurity review on Didi Chuxing on July 2. In order to cooperate with the cybersecurity review and prevent the risk from expanding, Didi Chuxing stopped registering new users during the review period.

On July 4, the Cyberspace Administration of China said that according to reports, after testing and verification, the Didi Chuxing App had serious problems in collecting and using personal information in violation of laws and regulations. The Cyberspace Administration of China notified the app stores to remove the Didi Chuxing App and required Didi Chuxing Technology Co., Ltd. to strictly follow the legal requirements and refer to relevant national standards to seriously rectify the existing problems.

On July 9, the Cyberspace Administration of China notified app stores to remove 25 apps including Didi Enterprise Edition, and required relevant operators to strictly follow the legal requirements, refer to relevant national standards, earnestly rectify existing problems, and effectively protect the personal information security of the majority of users.

3. CATL and Tencent Cloud jointly build an AI innovation base

According to China Economic Net on July 16, CATL and Tencent Cloud signed a strategic cooperation agreement. The two parties announced that they will carry out in-depth cooperation in artificial intelligence technology research and development, results transformation, talent training, etc., and jointly build the "CATL-Tencent Cloud AI Joint Innovation Base" to create a systematic full-process AI productivity.

According to the agreement, Tencent Cloud will provide the innovation base with infrastructure such as data centers, private clouds and AI algorithm platforms. At the same time, based on Tencent Youtu Lab's leading advantages and technical strength in the field of computer vision, the two parties will focus on AI technology research on a series of world-class problems in the field of new energy quality inspection, helping CATL improve R&D efficiency, accelerate the reserve of electric battery technology capabilities, and improve the level of R&D of cutting-edge artificial intelligence technologies.

4. China Telecom 5G Converged Application Open Laboratory was launched today

IT Business News reported on July 16 that China Telecom's 5G Converged Application Open Laboratory (5G OpenLab) was officially launched today. This laboratory is based on the 5G Industry Innovation Alliance established by China Telecom in 2019. It is an enabling center and innovation platform that integrates and coordinates China Telecom's 5G+ cloud network product capabilities with partner capabilities, and enables operators to quickly build replicable industry solutions.

Officials said that this conference will officially launch China Telecom's 5G Converged Application Open Laboratory and sign a memorandum of cooperation with Huawei to jointly build a joint laboratory.

5. Nanjing Intelligent Computing Center officially put into operation

According to the "Science and Technology Innovation Board Daily" on July 16, the Nanjing Intelligent Computing Center was officially put into operation and will become the intelligent computing center with the highest computing power currently in operation in the Yangtze River Delta.

The Nanjing Intelligent Computing Center was jointly built by Nanjing Qilin Science and Technology Innovation Park, Inspur and Cambricon. It uses Inspur AI server computing units, equipped with leading Cambricon Siyuan 270 and Siyuan 290 intelligent chips and acceleration cards. The AI ​​computing power of the operating system has reached 800 quadrillion times per second (800P OpS).

6. Xiaopeng Huitian releases the fifth-generation aircraft X2

According to Fast Technology on July 16, Xiaopeng Huitian officially released the fifth-generation aircraft X2 today. He Xiaopeng, chairman of Xiaopeng Motors, said that this marks a step closer to more widely and safely used flying cars.

According to reports, the Xpeng fifth-generation aircraft X2 has a maximum take-off weight of 560kg, a bare metal weight of only 360kg, a flight time of 35 minutes, and a maximum flight speed of 130km/h. At the same time, the aircraft has the ability to plan its own flight path, and through multiple sensors, it can achieve ground monitoring, no-dead-angle environmental perception, self-service return and landing, and 100-kilometer two-way real-time communication.

Source: Fast Technology

7. MediaTek releases Helio G96/G88 processor

According to Fast Technology on July 16, MediaTek has launched two new products, Helio G96 and Helio G88. They focus on enhancing display and camera functions, including high refresh rate and high-pixel cameras, and can be regarded as upgraded versions of G95 and G85 respectively, but only support 4G.

The G96 is an octa-core processor, including two Cortex-A76 cores with a main frequency of 2.05GHz, supports LPDDR4x and UFS 2.2, supports HyperEngine 2.0 Lite gaming technology, and supports dual 4G. The G88 is a low-profile version of the former, also an octa-core processor, including two Cortex-A75 cores with a main frequency of 2.0GHz, supports a 90Hz refresh rate at a resolution of 1080p+ and a 64MP lens, and also supports dual 4G.

11. "Eva Technology" completed RMB 100 million Series A financing

According to 36Kr on July 16, 3D AI chip system company Ava Technology announced that it has completed a RMB 100 million Series A financing round, led by China Science and Technology Innovation, followed by Tuojin Capital and Hanyang Investment. The funds will be mainly used to accelerate the development and commercialization of the Zhuiying® series of vision modules based on Ava's self-developed 3D AI vision chip.

Founded in 2018, Ava Technology is a system solution company focusing on chip design and visual algorithms. The company's core business is consumer/industrial 3D vision based on the self-developed Zhuiying® 3D AI chip, providing R&D and design of modules and solutions. The main application scenarios are smart robots, AR/VR, smart hardware, facial payment, smart door locks and access control, etc.

12. Juefei Technology Completes A+ Round of Financing

According to Yiou.com on July 16, Juefei Technology announced that it had completed a multi-million-yuan A+ round of financing. This round of financing was led by a number of strategic institutions, and old shareholders Hegao Capital, Huahao Capital, Yunqi Capital, and Lightspeed China continued to increase their investment. The funds will be used for the research and development of multi-sensor fusion AI technology and vehicle-road collaborative autonomous driving solutions.

Juefei Technology takes "multi-sensor fusion" as its core technology route, cuts into different scenarios in China's vehicle-road collaboration field, and provides "full-scenario data platform and services" for OEMs, smart driving suppliers, smart transportation and other directions.