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Weeweess
Weeweess
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2023-08-03
$苹果(AAPL)$
😊nice
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Weeweess
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2021-09-17
Nice to try
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Weeweess
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2021-09-08
$STI ETF(ES3.SI)$
Sad sad
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Weeweess
Weeweess
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2021-08-06
Yes
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Weeweess
Weeweess
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2021-08-04
Of course
Out of stock has become the norm, chips are ushering in a wave of price increases
芯片缺货从最开始的汽车芯片打响，代表为MCU（微控制芯片），到半导体设备乃至二手设备，再到上游的基板材料短缺，最后到如今晶圆代工厂开始公开调价。全产业链缺货涨价潮“一环接一环”。“供应极其紧张、缺货成
Out of stock has become the norm, chips are ushering in a wave of price increases
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Weeweess
Weeweess
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2021-08-04
Good
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Weeweess
Weeweess
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2021-07-31
Yes
Rhino Finance Morning Post: Amazon was fined US $888 million, TAL cancels its financial report release plan
好未来取消财报发布计划GPLP犀牛财经7月31消息：好未来取消原定下周的财报发布计划。亚马逊被罚8.88亿美元GPLP犀牛财经7月31消息：亚马逊第二季度营收、第三季度指引均低于市场预期，且因违反数据隐私法规被欧盟处以创纪录的8.88亿美元罚款。
Rhino Finance Morning Post: Amazon was fined US $888 million, TAL cancels its financial report release plan
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Weeweess
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2021-07-31
Yes
How will the global market go in August? These events will affect risk sentiment
随着7月进入尾声，投资者开始关注8月市场热点事件。美联储一如既往地成为焦点，但企业财报、市场波动等因素也不容忽视。 8月通常会带来美股交易速度的放缓，特别是在月中旬，因为这期间将近一半企业都已公布财报
How will the global market go in August? These events will affect risk sentiment
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Weeweess
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2021-07-31
Yes
Betting on Jidu Automobile, how far can Baidu's dream of building a car fly?
起了个大早赶了个晚集 百度自动驾驶不再想成为汽车的“灵魂”了？ 在上汽集团董事长陈虹提出要把“灵魂”掌握在自己手中后不久，百度自动驾驶产品运营部总监徐宝强近期在接受媒体采访时表示：“百度现在的发展方
Betting on Jidu Automobile, how far can Baidu's dream of building a car fly?
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Weeweess
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2021-07-31
Ya
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href=\"https://ttm.financial/S/AAPL\">$苹果(AAPL)$ </a>😊nice ","listText":"<a href=\"https://ttm.financial/S/AAPL\">$苹果(AAPL)$ </a>😊nice ","text":"$苹果(AAPL)$ 😊nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/204685120262384","isVote":1,"tweetType":1,"viewCount":1369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885438709,"gmtCreate":1631809548901,"gmtModify":1676530642997,"author":{"id":"3583541700741630","authorId":"3583541700741630","name":"Weeweess","avatar":"https://static.tigerbbs.com/242477c20840a38ec5dad0ad105d50be","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583541700741630","idStr":"3583541700741630"},"themes":[],"htmlText":"Nice to try","listText":"Nice to try","text":"Nice to 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","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899701375","repostId":"1107140792","repostType":4,"isVote":1,"tweetType":1,"viewCount":1815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890964831,"gmtCreate":1628077727723,"gmtModify":1703500750448,"author":{"id":"3583541700741630","authorId":"3583541700741630","name":"Weeweess","avatar":"https://static.tigerbbs.com/242477c20840a38ec5dad0ad105d50be","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583541700741630","idStr":"3583541700741630"},"themes":[],"htmlText":"Of course ","listText":"Of course ","text":"Of course","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/890964831","repostId":"2156177695","repostType":4,"repost":{"id":"2156177695","kind":"highlight","pubTimestamp":1628074403,"share":"https://ttm.financial/m/news/2156177695?lang=en_US&edition=fundamental","pubTime":"2021-08-04 18:53","market":"hk","language":"zh","title":"Out of stock has become the norm, chips are ushering in a wave of price increases","url":"https://stock-news.laohu8.com/highlight/detail?id=2156177695","media":"半导体行业观察","summary":"芯片缺货从最开始的汽车芯片打响，代表为MCU（微控制芯片），到半导体设备乃至二手设备，再到上游的基板材料短缺，最后到如今晶圆代工厂开始公开调价。全产业链缺货涨价潮“一环接一环”。“供应极其紧张、缺货成","content":"<p>The shortage of chips started from the beginning of automotive chips, represented by MCUs (micro-control chips), to semiconductor equipment and even second-hand equipment, to the shortage of upstream substrate materials, and finally now wafer foundries have begun to publicly adjust prices. The tide of shortages and price increases in the entire industry chain is \"one link after another\". \"Supply is extremely tight, shortages have become the new normal, and we often hear news of delayed equipment delivery.\" \"Quotations are quoted on a monthly basis, the median price of 20 MCUs has increased by 12%, and the panel has increased by 100%.\" These are all from the mouths of CEOs of semiconductor manufacturers and industry professional analysts.</p><p>1. Out of stock: to what extent?</p><p><a href=\"https://laohu8.com/S/TSM\">TSMC</a>Chairman Liu Deyin previously summarized three reasons for the global shortage of chips: First, the connection of the industrial chain caused by the epidemic is not smooth; Second, changes in market share and policy uncertainty caused by Sino-US trade disputes; Third, the epidemic has accelerated digital transformation. So to what extent has the core shortage reached? Let's take a look at what major semiconductor manufacturers have to say.</p><p><a href=\"https://laohu8.com/S/0KED.UK\">Infineon</a>CEO Reinhard Ploss said on Tuesday that \"as the latest wave of epidemic impact disrupts production in Asia,<b>Inventories hit record lows</b>, the market currently faces an extremely tight supply situation, and our chips are being shipped directly from our fabs to end applications<b>。</b>\"Some time ago<a href=\"https://laohu8.com/S/0KED.UK\">Infineon</a>In addition to the Malaysian factory being affected by the epidemic, Infineon is also dealing with the impact of a winter storm that previously paralyzed its chip manufacturing plant in Austin, Texas. While its new factory for power management chips in Villach, Austria, is coming into production, it is also dependent on foundries in Asia, which are running out of capacity.</p><p>The Ifo economic research group confirmed the grim situation on Tuesday, with Germany's auto industry and its suppliers facing its worst chip supply shortage in 30 years. A poll showed 83% of companies were affected, up from 65% in April.</p><p>$AMD (<a href=\"https://laohu8.com/S/AMD\">AMD</a>) $CEO Lisa Su said she expects AMD's chip supply to<b>\"Tight\" for the rest of the year but expected to ease in 2022</b>。 She commented on possible problems, such as parts shortages, but did not specify whether it was AMD's parts shortage or some other component that would limit PC supply. \"We are still on track to launch next-generation products in 2022, including Zen 4 processors and RDNA 3 GPUs manufactured with industry-leading 5nm process technology,\" Su added.</p><p><a href=\"https://laohu8.com/S/STM\">STMicroelectronics</a>CEO Chery said last Thursday that the global chip shortage will continue into the first half of 2023.<b>The ST will only meet 70% of total customer demand this year</b>。 He added that it will rise to 85%-90% next year as companies invest in capacity.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>CEO Tim Cook warned that chip supply constraints could affect iPhone production in the next quarter. Lu Weibing, President of Xiaomi China, is personally<a href=\"https://laohu8.com/S/WB\">Weibo</a>With emotion, \"This year's chips are out of stock, not a shortage, but an extreme shortage.\"</p><p>\"Overall, we think the chip shortage will continue until at least the middle of next year,\" said Gartner analyst Samuel Wang.</p><p><a href=\"https://laohu8.com/S/UMC\">UMC</a>Walter Ng, deputy sales representative, said, \"We are seeing unprecedented demand for many applications and all nodes, and as this cycle lasts longer, we believe<b>This could become the new normal.</b>”</p><p>\"Strong investment in logic and foundry, driven by investment in 5G mobile and data center, is also accelerating investment in memory,\" said Toshiki Kawai, president and CEO of Tokyo Electronics.</p><p>Paul Ryan, vice president and general manager of Bruker Semiconductor's X-ray division, said: \"Process technology chips are also booming in mature processes. We see opportunities in the radio frequency field. Most foundries in these fields use 40nm and above, especially the launch of 5G, just to meet the demand for standard components, there is a huge quantity demand.\"</p><p><b>Not only chips, but also shortages of semiconductor equipment have never stopped this year, and delivery delays have become the norm.</b>According to a report by Nikkan Kogyo Shimbun on July 30, an executive from a large chip factory said,<b>\"In the past 1 to 2 months, I have often heard the news about the delay of equipment delivery time\"</b>Although it is impossible to determine what kind of parts are in short supply, the delivery time has been extended from the original one year for half a year to one and a half years. The executive pointed out: \"In the future, we must evaluate the factors of delivery extension to formulate a factory production increase plan. According to reports, Advantest's semiconductor test equipment has also been delayed. The delivery time of this test equipment usually takes 3-4 months, but now it has been extended to about 6 months.</p><p>Wilbert Odisho, vice president and general manager of KLA, said, \"We are seeing that the utilization rate of 300mm equipment at mature nodes has reached an all-time high level. Equipment manufacturers in China, North America, Europe and Japan are particularly active in increasing capacity.\" The utilization rate of 200mm equipment is very high. Equipment manufacturers are building new 200mm fabs and expanding the capacity of existing fabs. \"</p><p><b>The shortage of materials cannot be ignored either.</b><a href=\"https://laohu8.com/S/INTC\">Intel</a>CEO Pat Gelsinger noted during the earnings call that the industry-wide shortage could persist into 2023 and expected \"it will take another one to two years before the industry fully meets demand.\" The company also called \"a substrate shortage that is causing an industry-wide persistence,\" meaning<a href=\"https://laohu8.com/S/INTC\">Intel</a>It is not expected to get enough raw materials needed to make the chips. Despite the high demand for its processor. This could lead to an \"particularly severe\" shortage of Intel's consumer chips in the upcoming third quarter.</p><p>Tian Fangming, president of Adwan Semiconductor Testing Equipment Company, said,<b>Now there is a shortage of materials that has never been seen before</b>。 For example, it is heard that the shortage of substrates (used in semiconductor production) cannot be lifted within 2-3 years. According to another Nikkei report, Japanese metal processing intermediary Caddi conducted a survey of 32 chip manufacturing equipment manufacturers participating in the Caddi seminar and learned that about 60% of them had faced the problem of insufficient supply of parts in the past year.</p><p>Renesas CEO Hidetoshi Shibata expects automakers to reduce production this year and try to make up for it next year, resulting in demand for chips continuing into next year, and supply and demand conditions may not start to ease until the middle of next year. On March 19 this year, a fire broke out at Renesas' flagship factory in Naka, Ibaraki Prefecture, north of Tokyo, and production resumed on April 17. Renesas is involved in the front-end and back-end of chip production. Production at the front end is now \"1.7 times its pre-fire level,\" Shibata said. But there is a shortage of materials for back-end processes, such as<b>Resin and Substrate</b>, so concerns about production are also mainly focused on the back end.</p><p>2. Price increase: How much has it increased?</p><p>In the wave of chip price increases, MCU has the most fierce rise. Since the middle of last year, according to Supplyframe Inc., a company that tracks distributor prices,<b>The median price of the 20 best-selling microcontrollers rose by more than 12%.</b></p><p><a href=\"https://laohu8.com/S/STM\">STMicroelectronics</a>CEO Chery said,<b>The average price of STMicroelectronics' chips in 2021 is 5% higher than a year ago.</b>It added that the group expects further price increases in the second half of 2021 and 2022.</p><p>Semico's Feldhan said: \"The shortage of MCUs continues. The demand for MCUs has begun to increase since the second half of 2020. Since then, the average sales price of MCUs has increased every quarter. Even older 4-bit MCUs are needed. Although 4-bit MCUs only account for less than 1% of total sales, in the first five months of 2021,<b>Sales of 4-bit MCUs increased by more than 400% compared to 2020.</b>”</p><p>Jia Yixing, general manager of MCU manufacturer Lingtong, said that the current situation is so serious that the unit price of products has not happened in the past<b>\"Quotation pattern in months\".</b>Even when wafer foundry, packaging and testing production capacity is tight, the order momentum will remain greater than one in the second half of the year, and it may appear until next year. Lingtong said that it will work with its parent company Sunplus Group to strive for maximum production capacity.</p><p>But Linn Huang, an analyst in charge of personal computers at IDC, said: \"The number one component in short supply is not the MCU, but the component that goes into the panel, the driver IC.\" Any device with an LCD panel, including a TV, mobile phone or tablet, but mainly laptops, requires a chip with an LCD driver that tells the panel which pixel is lit or not. Hewlett-Packard CEO Enrique Lores also confirmed that LCD driver IC is the biggest component restricting the company.<b>\"In the case of TV panels, prices have risen 100%, prices have doubled in the last 12 months, the pandemic has seriously distorted the entire demand picture, but people will still buy regardless of the price.\"</b>Said Bob O 'Brien, co-founder and CFO of DSCC (Display Supply Chain Consultants).</p><p>In addition to the chip, now<b>Wafer foundries are also experiencing a wave of price increases</b>。<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>It is the first wafer foundry to indicate that it will raise prices. Their price increase is mainly used to fund the expansion of its S5 wafer fab near Pyeongtaek, South Korea.<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>The foundry's S5 Line is the company's most advanced production facility, mainly producing 5nm, 4nm and thinner production technology processing wafers. Since the fab uses EUV lithography technology, the expansion cost is very high. Samsung's price adjustment is also hoped that customers can share part of their expenses. However, rising foundry prices may affect the cost of GPUs, SoCs and controllers produced by Samsung foundries.</p><p>According to a survey in the United States, as the manufacturing process becomes more and more advanced, semiconductor equipment is becoming more and more expensive. It will cost US $12 billion to invest in a wafer fab with a production capacity of 50,000 wafers in a 5-nanometer process and US $20 billion in a 3-nanometer process. The expenditure increased by 66%. It is estimated that semiconductor capital expenditure between 2020 and 2030 will be more than three times that of the past 10 years (2010-2020), and the capital expenditure from 2030 to 2040 will be more than 4 to 5 times that of 2020 to 2030. Under such circumstances, there is nothing wrong with fab price increases.</p><p>If Samsung is preparing for the expansion of its advanced process factories, then there are also wafer foundries that have increased prices due to insufficient mature process production capacity.<a href=\"https://laohu8.com/S/UMC\">UMC</a>Is one of them. IC designers revealed that UMC raised its average unit price (ASP) growth forecast for this year for the second time at the recent legal conference, highlighting that the increase in mature process foundry quotations is more fierce than expected. UMC also released the news that it will receive orders next year. The information revealed that the current supply of mature process foundry capacity is in short supply. In response to the price increase trend of foundries, chips produced using mature processes will also follow suit, creating this phenomenon of rising quotations in the industrial chain.</p><p>In fact, since 2021, the quotations for wafer foundry and packaging and testing production capacity have begun to show an upward trend, and the supply of packaging materials is also tight simultaneously. Therefore, as everyone knew some time ago, production capacity is based on price bidding. This is a small amount of production capacity released by wafer foundries and packaging and testing factories every month for some urgent customers. This is also the reason why the OEM quotation of each customer is different now.</p><p>3. Write at the end</p><p>In this round of shortages and price increases, some manufacturers took advantage of this \"loophole\" to maliciously drive up the price of speculated chips. On August 3, the State Administration for Market Regulation issued a document \"Find it out! The State Administration for Market Regulation launched an investigation into automotive chip distribution companies suspected of price gouging.\" In response to outstanding problems such as hype and high prices in the automotive chip market, the State Administration for Market Regulation recently launched an investigation into automotive chip distribution companies suspected of price gouging based on price monitoring and reporting clues. In the next step, the State Administration for Market Regulation will continue to pay attention to the market price order of important commodities such as chips, further strengthen supervision and law enforcement, and severely investigate and deal with illegal activities such as hoarding, price gouging, and collusion in price increases.</p><p>According to a previous report by the Wall Street Journal, ADI CEO Vincent Roach said: \"We are not using this cycle to do anything about pricing other than that we pay more for the additional supply that we have to add. We are passing this on.\"<a href=\"https://laohu8.com/S/BRCM\">Broadcom</a>Hock Tan, CEO of the company, said: \"We saw an increase in the cost of raw materials such as substrates, so we made a price adjustment. Customers said they understood the situation and were willing to bear higher prices.\"</p><p>Healthy price increases are forced by the situation, but malicious price gouging is not advisable.</p>","source":"bdthygc","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Out of stock has become the norm, chips are ushering in a wave of price increases</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOut of stock has become the norm, chips are ushering in a wave of price increases\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">半导体行业观察</strong><span class=\"h-time small\">2021-08-04 18:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The shortage of chips started from the beginning of automotive chips, represented by MCUs (micro-control chips), to semiconductor equipment and even second-hand equipment, to the shortage of upstream substrate materials, and finally now wafer foundries have begun to publicly adjust prices. The tide of shortages and price increases in the entire industry chain is \"one link after another\". \"Supply is extremely tight, shortages have become the new normal, and we often hear news of delayed equipment delivery.\" \"Quotations are quoted on a monthly basis, the median price of 20 MCUs has increased by 12%, and the panel has increased by 100%.\" These are all from the mouths of CEOs of semiconductor manufacturers and industry professional analysts.</p><p>1. Out of stock: to what extent?</p><p><a href=\"https://laohu8.com/S/TSM\">TSMC</a>Chairman Liu Deyin previously summarized three reasons for the global shortage of chips: First, the connection of the industrial chain caused by the epidemic is not smooth; Second, changes in market share and policy uncertainty caused by Sino-US trade disputes; Third, the epidemic has accelerated digital transformation. So to what extent has the core shortage reached? Let's take a look at what major semiconductor manufacturers have to say.</p><p><a href=\"https://laohu8.com/S/0KED.UK\">Infineon</a>CEO Reinhard Ploss said on Tuesday that \"as the latest wave of epidemic impact disrupts production in Asia,<b>Inventories hit record lows</b>, the market currently faces an extremely tight supply situation, and our chips are being shipped directly from our fabs to end applications<b>。</b>\"Some time ago<a href=\"https://laohu8.com/S/0KED.UK\">Infineon</a>In addition to the Malaysian factory being affected by the epidemic, Infineon is also dealing with the impact of a winter storm that previously paralyzed its chip manufacturing plant in Austin, Texas. While its new factory for power management chips in Villach, Austria, is coming into production, it is also dependent on foundries in Asia, which are running out of capacity.</p><p>The Ifo economic research group confirmed the grim situation on Tuesday, with Germany's auto industry and its suppliers facing its worst chip supply shortage in 30 years. A poll showed 83% of companies were affected, up from 65% in April.</p><p>$AMD (<a href=\"https://laohu8.com/S/AMD\">AMD</a>) $CEO Lisa Su said she expects AMD's chip supply to<b>\"Tight\" for the rest of the year but expected to ease in 2022</b>。 She commented on possible problems, such as parts shortages, but did not specify whether it was AMD's parts shortage or some other component that would limit PC supply. \"We are still on track to launch next-generation products in 2022, including Zen 4 processors and RDNA 3 GPUs manufactured with industry-leading 5nm process technology,\" Su added.</p><p><a href=\"https://laohu8.com/S/STM\">STMicroelectronics</a>CEO Chery said last Thursday that the global chip shortage will continue into the first half of 2023.<b>The ST will only meet 70% of total customer demand this year</b>。 He added that it will rise to 85%-90% next year as companies invest in capacity.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>CEO Tim Cook warned that chip supply constraints could affect iPhone production in the next quarter. Lu Weibing, President of Xiaomi China, is personally<a href=\"https://laohu8.com/S/WB\">Weibo</a>With emotion, \"This year's chips are out of stock, not a shortage, but an extreme shortage.\"</p><p>\"Overall, we think the chip shortage will continue until at least the middle of next year,\" said Gartner analyst Samuel Wang.</p><p><a href=\"https://laohu8.com/S/UMC\">UMC</a>Walter Ng, deputy sales representative, said, \"We are seeing unprecedented demand for many applications and all nodes, and as this cycle lasts longer, we believe<b>This could become the new normal.</b>”</p><p>\"Strong investment in logic and foundry, driven by investment in 5G mobile and data center, is also accelerating investment in memory,\" said Toshiki Kawai, president and CEO of Tokyo Electronics.</p><p>Paul Ryan, vice president and general manager of Bruker Semiconductor's X-ray division, said: \"Process technology chips are also booming in mature processes. We see opportunities in the radio frequency field. Most foundries in these fields use 40nm and above, especially the launch of 5G, just to meet the demand for standard components, there is a huge quantity demand.\"</p><p><b>Not only chips, but also shortages of semiconductor equipment have never stopped this year, and delivery delays have become the norm.</b>According to a report by Nikkan Kogyo Shimbun on July 30, an executive from a large chip factory said,<b>\"In the past 1 to 2 months, I have often heard the news about the delay of equipment delivery time\"</b>Although it is impossible to determine what kind of parts are in short supply, the delivery time has been extended from the original one year for half a year to one and a half years. The executive pointed out: \"In the future, we must evaluate the factors of delivery extension to formulate a factory production increase plan. According to reports, Advantest's semiconductor test equipment has also been delayed. The delivery time of this test equipment usually takes 3-4 months, but now it has been extended to about 6 months.</p><p>Wilbert Odisho, vice president and general manager of KLA, said, \"We are seeing that the utilization rate of 300mm equipment at mature nodes has reached an all-time high level. Equipment manufacturers in China, North America, Europe and Japan are particularly active in increasing capacity.\" The utilization rate of 200mm equipment is very high. Equipment manufacturers are building new 200mm fabs and expanding the capacity of existing fabs. \"</p><p><b>The shortage of materials cannot be ignored either.</b><a href=\"https://laohu8.com/S/INTC\">Intel</a>CEO Pat Gelsinger noted during the earnings call that the industry-wide shortage could persist into 2023 and expected \"it will take another one to two years before the industry fully meets demand.\" The company also called \"a substrate shortage that is causing an industry-wide persistence,\" meaning<a href=\"https://laohu8.com/S/INTC\">Intel</a>It is not expected to get enough raw materials needed to make the chips. Despite the high demand for its processor. This could lead to an \"particularly severe\" shortage of Intel's consumer chips in the upcoming third quarter.</p><p>Tian Fangming, president of Adwan Semiconductor Testing Equipment Company, said,<b>Now there is a shortage of materials that has never been seen before</b>。 For example, it is heard that the shortage of substrates (used in semiconductor production) cannot be lifted within 2-3 years. According to another Nikkei report, Japanese metal processing intermediary Caddi conducted a survey of 32 chip manufacturing equipment manufacturers participating in the Caddi seminar and learned that about 60% of them had faced the problem of insufficient supply of parts in the past year.</p><p>Renesas CEO Hidetoshi Shibata expects automakers to reduce production this year and try to make up for it next year, resulting in demand for chips continuing into next year, and supply and demand conditions may not start to ease until the middle of next year. On March 19 this year, a fire broke out at Renesas' flagship factory in Naka, Ibaraki Prefecture, north of Tokyo, and production resumed on April 17. Renesas is involved in the front-end and back-end of chip production. Production at the front end is now \"1.7 times its pre-fire level,\" Shibata said. But there is a shortage of materials for back-end processes, such as<b>Resin and Substrate</b>, so concerns about production are also mainly focused on the back end.</p><p>2. Price increase: How much has it increased?</p><p>In the wave of chip price increases, MCU has the most fierce rise. Since the middle of last year, according to Supplyframe Inc., a company that tracks distributor prices,<b>The median price of the 20 best-selling microcontrollers rose by more than 12%.</b></p><p><a href=\"https://laohu8.com/S/STM\">STMicroelectronics</a>CEO Chery said,<b>The average price of STMicroelectronics' chips in 2021 is 5% higher than a year ago.</b>It added that the group expects further price increases in the second half of 2021 and 2022.</p><p>Semico's Feldhan said: \"The shortage of MCUs continues. The demand for MCUs has begun to increase since the second half of 2020. Since then, the average sales price of MCUs has increased every quarter. Even older 4-bit MCUs are needed. Although 4-bit MCUs only account for less than 1% of total sales, in the first five months of 2021,<b>Sales of 4-bit MCUs increased by more than 400% compared to 2020.</b>”</p><p>Jia Yixing, general manager of MCU manufacturer Lingtong, said that the current situation is so serious that the unit price of products has not happened in the past<b>\"Quotation pattern in months\".</b>Even when wafer foundry, packaging and testing production capacity is tight, the order momentum will remain greater than one in the second half of the year, and it may appear until next year. Lingtong said that it will work with its parent company Sunplus Group to strive for maximum production capacity.</p><p>But Linn Huang, an analyst in charge of personal computers at IDC, said: \"The number one component in short supply is not the MCU, but the component that goes into the panel, the driver IC.\" Any device with an LCD panel, including a TV, mobile phone or tablet, but mainly laptops, requires a chip with an LCD driver that tells the panel which pixel is lit or not. Hewlett-Packard CEO Enrique Lores also confirmed that LCD driver IC is the biggest component restricting the company.<b>\"In the case of TV panels, prices have risen 100%, prices have doubled in the last 12 months, the pandemic has seriously distorted the entire demand picture, but people will still buy regardless of the price.\"</b>Said Bob O 'Brien, co-founder and CFO of DSCC (Display Supply Chain Consultants).</p><p>In addition to the chip, now<b>Wafer foundries are also experiencing a wave of price increases</b>。<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>It is the first wafer foundry to indicate that it will raise prices. Their price increase is mainly used to fund the expansion of its S5 wafer fab near Pyeongtaek, South Korea.<a href=\"https://laohu8.com/S/SMSN.UK\">Samsung</a>The foundry's S5 Line is the company's most advanced production facility, mainly producing 5nm, 4nm and thinner production technology processing wafers. Since the fab uses EUV lithography technology, the expansion cost is very high. Samsung's price adjustment is also hoped that customers can share part of their expenses. However, rising foundry prices may affect the cost of GPUs, SoCs and controllers produced by Samsung foundries.</p><p>According to a survey in the United States, as the manufacturing process becomes more and more advanced, semiconductor equipment is becoming more and more expensive. It will cost US $12 billion to invest in a wafer fab with a production capacity of 50,000 wafers in a 5-nanometer process and US $20 billion in a 3-nanometer process. The expenditure increased by 66%. It is estimated that semiconductor capital expenditure between 2020 and 2030 will be more than three times that of the past 10 years (2010-2020), and the capital expenditure from 2030 to 2040 will be more than 4 to 5 times that of 2020 to 2030. Under such circumstances, there is nothing wrong with fab price increases.</p><p>If Samsung is preparing for the expansion of its advanced process factories, then there are also wafer foundries that have increased prices due to insufficient mature process production capacity.<a href=\"https://laohu8.com/S/UMC\">UMC</a>Is one of them. IC designers revealed that UMC raised its average unit price (ASP) growth forecast for this year for the second time at the recent legal conference, highlighting that the increase in mature process foundry quotations is more fierce than expected. UMC also released the news that it will receive orders next year. The information revealed that the current supply of mature process foundry capacity is in short supply. In response to the price increase trend of foundries, chips produced using mature processes will also follow suit, creating this phenomenon of rising quotations in the industrial chain.</p><p>In fact, since 2021, the quotations for wafer foundry and packaging and testing production capacity have begun to show an upward trend, and the supply of packaging materials is also tight simultaneously. Therefore, as everyone knew some time ago, production capacity is based on price bidding. This is a small amount of production capacity released by wafer foundries and packaging and testing factories every month for some urgent customers. This is also the reason why the OEM quotation of each customer is different now.</p><p>3. Write at the end</p><p>In this round of shortages and price increases, some manufacturers took advantage of this \"loophole\" to maliciously drive up the price of speculated chips. On August 3, the State Administration for Market Regulation issued a document \"Find it out! The State Administration for Market Regulation launched an investigation into automotive chip distribution companies suspected of price gouging.\" In response to outstanding problems such as hype and high prices in the automotive chip market, the State Administration for Market Regulation recently launched an investigation into automotive chip distribution companies suspected of price gouging based on price monitoring and reporting clues. In the next step, the State Administration for Market Regulation will continue to pay attention to the market price order of important commodities such as chips, further strengthen supervision and law enforcement, and severely investigate and deal with illegal activities such as hoarding, price gouging, and collusion in price increases.</p><p>According to a previous report by the Wall Street Journal, ADI CEO Vincent Roach said: \"We are not using this cycle to do anything about pricing other than that we pay more for the additional supply that we have to add. We are passing this on.\"<a href=\"https://laohu8.com/S/BRCM\">Broadcom</a>Hock Tan, CEO of the company, said: \"We saw an increase in the cost of raw materials such as substrates, so we made a price adjustment. Customers said they understood the situation and were willing to bear higher prices.\"</p><p>Healthy price increases are forced by the situation, but malicious price gouging is not advisable.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.huxiu.com/article/445907.html\">半导体行业观察</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ad5509bb3bfa924f57cb1ea17b5cfc75","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://www.huxiu.com/article/445907.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156177695","content_text":"芯片缺货从最开始的汽车芯片打响，代表为MCU（微控制芯片），到半导体设备乃至二手设备，再到上游的基板材料短缺，最后到如今晶圆代工厂开始公开调价。全产业链缺货涨价潮“一环接一环”。“供应极其紧张、缺货成为新常态、常听到设备交货延期的消息”，“以月为单位报价、20款MCU中位价涨幅12%、面板涨幅100%”，这些都是出自各半导体厂商CEO以及行业专业分析师之口。\n一、缺货：到什么程度？\n台积电董事长刘德音此前总结全球缺芯片的三个原因：一是疫情造成的产业链衔接不顺利；二是中美贸易争端造成的市场占有率变化和政策不确定性；三是疫情加速了数字转型。那么缺芯已经到了什么程度呢？让我们看看各大半导体厂商的说法。\n英飞凌首席执行官 Reinhard Ploss 在本周二说“由于最新一波的疫情影响打乱了亚洲的生产，库存创下历史新低，目前市场面临着极其紧张的供应形势，我们的芯片正从我们的晶圆厂直接运往终端应用。”前段时间英飞凌马来西亚工厂受疫情影响，除此之外，英飞凌还在应对冬季风暴的影响，此前该风暴导致其位于德克萨斯州奥斯汀的芯片制造厂瘫痪。虽然其位于奥地利菲拉赫的电源管理芯片的新工厂即将投产，但也依赖于亚洲的代工厂，而这些代工厂的产能正在耗尽。\nIfo经济研究小组周二证实了严峻的形势，德国汽车行业及其供应商面临着30年来最严重的芯片供应短缺。一项民意调查显示，83%的公司受到影响，高于4月份的65%。\n$AMD(AMD)$首席执行官Lisa Su表示，她预计AMD的芯片供应将在今年剩余时间内“吃紧”，但预计在 2022 年会有所缓解。她评论了可能出现的问题，如零件短缺，但是没有指明是AMD的零件短缺还是其他一些会限制PC供应的部件。“我们仍有望在2022年推出下一代产品，包括采用业界领先的5nm制程技术制造的Zen 4处理器和RDNA 3 GPU，”苏补充道。\n意法半导体首席执行官Chery上周四表示，全球芯片短缺将持续到 2023 年上半年。ST今年将只能满足总客户需求的 70%。他补充说，随着公司对产能的投资，明年将上升到85%-90%。\n苹果首席执行官库克 （Tim Cook）发出警告称，芯片供应限制可能会在下一季度影响iPhone生产。小米中国区总裁卢伟冰在个人微博感慨，“今年芯片缺货，不是缺，而是极缺”。\nGartner 分析师 Samuel Wang 表示：“总体而言，我们认为芯片短缺至少会持续到明年年中。”\n联电销售副代表Walter Ng说：“我们看到许多应用程序和所有节点的需求空前，随着这个周期的持续时间更长，我们相信这可能会成为新的常态。”\n东京电子总裁兼首席执行官Toshiki Kawai表示：“在5G移动和数据中心投资的推动下，对逻辑和代工的投资强劲，也在加速对内存的投资。”\nBruker半导体X射线事业部的副总裁兼总经理Paul Ryan表示:“在成熟工艺制程技术芯片也在蓬勃发展，我们在射频领域看到了机会，这些领域的代工厂大都采用40nm及以上，尤其是5G的推出，仅仅是为了满足标准组件的需求，就有很大的数量需求。”\n不止是芯片，半导体设备的缺货在今年也是从未停歇，交货延期已成为常态。据日刊工业新闻7月30日报导，某家大型芯片厂高管表示，“这1~2个月来常听到有关设备交货时间延迟的消息”，虽然无法确定到底是哪种零件短缺，不过交期从原先的1年延长了半年时间至1年半，该位高管指出：“今后必须评估交期延长因素、来制定工厂增产计划。据报导，Advantest的半导体测试设备也已经延期，该测试设备交期通常要3-4个月，但现在已延长至约6个月时间。\nKLA副总裁兼总经理 Wilbert Odisho 表示，“我们看到成熟节点的300mm设备利用率已达到历史最高水平。中国、北美、欧洲和日本的设备制造商在增加产能方面尤其积极。“200 毫米设备的利用率非常高。设备制造商正在建造新的 200 毫米晶圆厂并扩大现有晶圆厂的产能。”\n材料的短缺也不可忽视。英特尔首席执行官 Pat Gelsinger在财报电话会议上指出，整个行业的短缺可能会持续到 2023 年，并预计“该行业还需要一到两年的时间才能完全满足需求。” 该公司还称“基板短缺导致全行业持续存在”，这意味着英特尔预计无法获得足够的制造芯片所需的原材料。尽管对其处理器的需求很高。这可能会导致英特尔消费芯片在即将到来的第三季度出现“特别严重”的短缺。\n爱德万半导体测试设备公司的社长田芳明表示，现在出现了过去从未曾见过的材料短缺问题。举例来说，听闻（使用于半导体生产的）基板短缺情况在2-3年内无法解除。另根据日经报道，日本金属加工中介商Caddi以32家参与Caddi研讨会的芯片制造设备商为对象进行问券调查得知，约6成在最近1年间面临过零件供应不足问题。\n瑞萨首席执行官Hidetoshi Shibata 预计，汽车制造商今年将减少产量，并试图在明年弥补，从而导致对芯片的需求持续到明年，供需状况可能需要到明年年中才能开始缓解。今年3月19日，瑞萨在东京北部茨城县 Naka 的旗舰工厂发生火灾，于4月17日恢复生产。瑞萨参与芯片生产的前端和后端。Shibata表示，前端的生产现在“是火灾前水平的 1.7 倍”。但后端工艺的材料面临短缺，例如树脂和基板，所以对生产的担忧也主要集中在后端上。\n二、涨价：涨了多少？\n在芯片的涨价潮中，尤以MCU涨势最为凶猛。据追踪分销商价格的公司 Supplyframe Inc. 表示，自去年年中以来，最畅销的20款微控制器的中位价上涨了12%以上。\n意法半导体首席执行官Chery表示，意法半导体2021年芯片的平均价格比一年前上涨了 5%，并补充说，该集团预计 2021 年下半年和 2022 年价格将进一步上涨。\nSemico的Feldhan说：“MCU的短缺仍在继续，从2020年下半年开始就对MCU的需求开始增加，从那时起，MCU的平均销售价格每个季度都在上涨。甚至需要更旧的4 bit MCU，尽管4 bit MCU仅占总销量的不到1%，但是在2021年前的5个月，4 bit MCU的销量与2020年相比增长了400%以上。”\nMCU厂商凌通总经理贾懿行表示，目前状况已经严重到产品单价出现过去没发生过的“以月为单位的报价模式”。即使在晶圆代工、封测产能吃紧的情况下，下半年订单动能将保持订单/出货比大于一的情况，且可能会呈现到明年，凌通表示，会与母公司凌阳集团共同去争取最大产能。\n不过IDC 负责个人电脑的分析师 Linn Huang 说：“短缺的第一大元件并不是MCU，而是是进入面板的元件，即驱动器 IC。”任何带有 LCD 面板的设备，包括电视、手机或平板电脑，但主要是笔记本电脑，都需要一个带有 LCD 驱动器的芯片，告诉面板哪个像素点亮或不亮。惠普公司CEO Enrique Lores 也证实LCD驱动器IC是制约该公司最大的部件。“以电视面板为例，价格上涨了100%，过去12个月价格翻了一番，疫情严重扭曲了整个需求图景，但无论价格如何，人们还是会购买。”DSCC （Display Supply Chain Consultants）联合创始人兼首席财务官Bob O 'Brien表示。\n除了芯片，现在晶圆代工厂也迎来了涨价潮。三星是第一个表示要涨价的晶圆代工厂，他们的涨价主要是用以资助其在韩国平泽附近的 S5晶圆厂的扩张。三星代工厂的S5 Line 是该公司最先进的生产设施，主要生产5nm、4nm和更薄的生产技术处理晶圆，由于该晶圆厂使用EUV光刻技术，所以扩建成本非常高，三星此次调价也是希望客户能够为其分担一部分支出。不过，晶圆代工价格上涨可能会影响三星代工厂生产的 GPU、SoC和控制器的成本。\n据美国调查显示，现在随着制程越来越先进，半导体设备也越来越贵，投资一个5纳米制程具有5万片产能的晶圆厂要花120亿美元，3纳米要200亿美元，支出增加66%，预估2020～2030年之间半导体资本支出将是过去10年（2010～2020年）的3倍以上，2030年到2040年的资本支出又将是2020～2030年的4～5倍以上。在这样的情况下，晶圆厂涨价也无可厚非。\n如果三星是为其先进工艺工厂扩建而准备，那么还有因为成熟制程产能不够，而涨价的晶圆代工厂。联电就是其中一员。IC设计业者透露，联电在近日的法说会上二度上调今年全年平均单价（ASP）增幅预估，凸显成熟制程代工报价涨势比预期还凶猛，联电同时释出明年接单无虞的讯息，均透露当下成熟制程代工产能供不应求盛况，为因应代工厂涨价趋势，使用成熟制程生产的芯片也会跟涨，造就此波产业链报价涨不停的现象。\n其实自2021年以来，晶圆代工、封测产能的报价就开始出现上涨趋势，而且在封装材料供给方面也同步紧张，所以就有了前段时间大家所知晓的，产能以价格竞标的方式，这是晶圆代工厂和封测厂为了给部分急单客户每月所释放的少许产能。这也是为何现在每个客户的代工报价会不尽相同的原因。\n三、写在最后\n在本轮缺货涨价潮中，一些厂商利用这个“空子”，恶意哄抬炒作芯片价格。8月3日，国家市场监管总局发文《一查到底！市场监管总局对涉嫌哄抬价格的汽车芯片经销企业进行立案调查》，针对汽车芯片市场哄抬炒作、价格高企等突出问题，近日，市场监管总局根据价格监测和举报线索，对涉嫌哄抬价格的汽车芯片经销企业立案调查。下一步，市场监管总局将持续关注芯片等重要商品市场价格秩序，进一步加大监管执法力度，严厉查处囤积居奇、哄抬价格、串通涨价等违法行为。\n此前据华尔街日报的报道，ADI的首席执行官文森特罗奇说：“除了我们为必须加入的额外供应支付更多费用之外，我们没有利用这个周期对定价做任何事情。我们正在传递这一点。”博通公司首席执行官Hock Tan说：“我们看到基板等原材料成本上涨，所以做了调价，客户表示了解这种情况并愿意承受更高的价格。”\n健康的涨价是情势所迫，但恶意哄抬价格，不可取。","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":2190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890032502,"gmtCreate":1628065498706,"gmtModify":1703500557870,"author":{"id":"3583541700741630","authorId":"3583541700741630","name":"Weeweess","avatar":"https://static.tigerbbs.com/242477c20840a38ec5dad0ad105d50be","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583541700741630","idStr":"3583541700741630"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890032502","repostId":"2156355172","repostType":4,"isVote":1,"tweetType":1,"viewCount":1263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806747062,"gmtCreate":1627696693356,"gmtModify":1703494825029,"author":{"id":"3583541700741630","authorId":"3583541700741630","name":"Weeweess","avatar":"https://static.tigerbbs.com/242477c20840a38ec5dad0ad105d50be","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583541700741630","idStr":"3583541700741630"},"themes":[],"htmlText":"Yes ","listText":"Yes ","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806747062","repostId":"2155150267","repostType":2,"repost":{"id":"2155150267","kind":"news","pubTimestamp":1627696185,"share":"https://ttm.financial/m/news/2155150267?lang=en_US&edition=fundamental","pubTime":"2021-07-31 09:49","market":"us","language":"zh","title":"Rhino Finance Morning Post: Amazon was fined US $888 million, TAL cancels its financial report release plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2155150267","media":"GPLP犀牛财经","summary":"好未来取消财报发布计划GPLP犀牛财经7月31消息：好未来取消原定下周的财报发布计划。亚马逊被罚8.88亿美元GPLP犀牛财经7月31消息：亚马逊第二季度营收、第三季度指引均低于市场预期，且因违反数据隐私法规被欧盟处以创纪录的8.88亿美元罚款。","content":"<p><html><body><article><strong>Author: Qiu Zhi</strong></p><p><strong>Source: GPLP Rhino Finance (ID: gplpcn)</strong></p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210731094948260d246z8tmcmmowcn\"/><strong><a href=\"https://laohu8.com/S/000701\">Xiamen Xinda</a>Termination of Acquisition<a href=\"https://laohu8.com/S/01728\">Zhengtong Auto</a>share</strong></p><p>GPLP Rhino Finance July 31 news: Xiamen Cinda (000701. SZ) announced on the evening of July 30 that the company originally planned to acquire 29.9% of the shares of Zhengtong Automobile (01728. HK) with voting rights, because it is currently based on December 31, 2020 Major asset restructuring related work such as due diligence on the benchmark date is not expected to be completed before July 31, 2021. The board of directors carefully studied and decided to terminate this major asset restructuring.</p><p><strong><a href=\"https://laohu8.com/S/TAL\">TAL</a>Cancellation of earnings release plans</strong></p><p>GPLP Rhino Finance July 31 news: TAL (TAL.NYSE) canceled its earnings report release scheduled for next week.</p><p><strong><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Fined $888 million</strong></p><p>GPLP Rhino Finance July 31 news: Amazon (AMZN.NASDAQ) 's second-quarter revenue and third-quarter guidance were lower than market expectations, and it was fined a record $888 million by the European Union for violating data privacy regulations.</p><p><strong><a href=\"https://laohu8.com/S/000893\">Potassium International</a>Proposed acquisition of 56% equity of Agricultural Potassium Resources</strong></p><p>GPLP Rhino Finance July 31 news: Asia Potassium International (000893. SZ) announced on the evening of July 30 that it would adjust its major asset restructuring plan. The company originally planned to purchase 100% equity of Agricultural Potassium Resources, but now it is adjusted to issue shares and pay cash. Purchased 56% equity of Agricultural Potassium Resources at a transaction price of 1.764 billion yuan, and planned to raise funds. Company stocks starting from August 2<span>Resumption of trading</span>。</p><p><strong><a href=\"https://laohu8.com/S/002460\">Ganfeng Lithium</a>Subsidiary plans to acquire the entire equity of Hui Innovation Energy</strong></p><p>GPLP Rhino Finance July 31 news:<a href=\"https://laohu8.com/S/01772\">Ganfeng Lithium</a>(002460. SZ) announced that the company's holding subsidiary Ganfeng Lithium Battery plans to acquire 100% equity of Guangdong Hui Innovation Energy Co., Ltd. held by Ge Qiaoyu and Jiang Rongjin at a price of 52.4 million yuan with its own funds.</p><p><strong><a href=\"https://laohu8.com/S/300509\">Newmeixing</a>One of the actual controllers was filed</strong></p><p>GPLP Rhino Finance July 31 news: New American Star (300509. SZ) announced on the evening of July 30 that He Deping, one of the company's controlling shareholders and actual controllers, received the \"Notice of Filing a Case\" from the China Securities Regulatory Commission because he was suspected of manipulating the securities market, failed to fulfill the obligation of letter disclosure as required, and the China Securities Regulatory Commission decided to file a case against it.</p><p><strong><a href=\"https://laohu8.com/S/300912\">Kailong High-Tech</a>Normal supply of products is blocked</strong></p><p>GPLP Rhino Finance July 31 news: Kailong Hi-Tech (300912. SZ) announced that the company's holding subsidiary Jiangsu Kailong Baodun Power Technology Co., Ltd. (referred to as \"Kailong Baodun\") will respond to the local epidemic from July 21, 2021. According to the requirements of epidemic prevention and control, personnel and production materials cannot flow normally, and the products produced by Kailong Baodun cannot be supplied to the Wuxi parent company normally, which seriously affects the overall external supply of Kailong Hi-Tech.</p><p><strong><a href=\"https://laohu8.com/S/002611\">Dongfang Seiko</a>Subsidiary completes listing guidance plan</strong></p><p>GPLP Rhino Finance July 31 news: Dongfang Precision (002611. SZ) announced on the evening of July 30 that its subsidiary Suzhou Yum Power Machinery Co., Ltd. has submitted listing guidance filing materials to the Jiangsu Securities Regulatory Bureau, and the Jiangsu Securities Regulatory Bureau has issued a \"Notice to Confirm the Filing Date of Counseling\", the filing date is July 29, 2021.</p><p><strong>E Fund Blue Chip Selected Hybrid Securities Investment Fund withdraws from the ranks of top ten shareholders</strong></p><p>GPLP Rhino Finance July 31 news:<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>The semi-annual report shows that E Fund's blue-chip selected hybrid securities investment fund has withdrawn from the ranks of the top ten shareholders, and China Merchants CSI Liquor Index Graded Securities Investment Fund has become the top ten shareholders.</p><p><strong><a href=\"https://laohu8.com/S/002927\">Taiyong Long March</a>Controlling shareholder plans to reduce shares</strong></p><p>GPLP Rhino Finance July 31 news: The controlling shareholder of Taiyong Changzheng (002927. SZ) and its concerted parties plan to reduce their holdings by no more than 3.58% in total.</p><p></article></body></html></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rhino Finance Morning Post: Amazon was fined US $888 million, TAL cancels its financial report release plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRhino Finance Morning Post: Amazon was fined US $888 million, TAL cancels its financial report release plan\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">GPLP犀牛财经</strong><span class=\"h-time small\">2021-07-31 09:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><article><strong>Author: Qiu Zhi</strong></p><p><strong>Source: GPLP Rhino Finance (ID: gplpcn)</strong></p><p><img src=\"https://fid-75186.picgzc.qpic.cn/20210731094948260d246z8tmcmmowcn\"/><strong><a href=\"https://laohu8.com/S/000701\">Xiamen Xinda</a>Termination of Acquisition<a href=\"https://laohu8.com/S/01728\">Zhengtong Auto</a>share</strong></p><p>GPLP Rhino Finance July 31 news: Xiamen Cinda (000701. SZ) announced on the evening of July 30 that the company originally planned to acquire 29.9% of the shares of Zhengtong Automobile (01728. HK) with voting rights, because it is currently based on December 31, 2020 Major asset restructuring related work such as due diligence on the benchmark date is not expected to be completed before July 31, 2021. The board of directors carefully studied and decided to terminate this major asset restructuring.</p><p><strong><a href=\"https://laohu8.com/S/TAL\">TAL</a>Cancellation of earnings release plans</strong></p><p>GPLP Rhino Finance July 31 news: TAL (TAL.NYSE) canceled its earnings report release scheduled for next week.</p><p><strong><a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Fined $888 million</strong></p><p>GPLP Rhino Finance July 31 news: Amazon (AMZN.NASDAQ) 's second-quarter revenue and third-quarter guidance were lower than market expectations, and it was fined a record $888 million by the European Union for violating data privacy regulations.</p><p><strong><a href=\"https://laohu8.com/S/000893\">Potassium International</a>Proposed acquisition of 56% equity of Agricultural Potassium Resources</strong></p><p>GPLP Rhino Finance July 31 news: Asia Potassium International (000893. SZ) announced on the evening of July 30 that it would adjust its major asset restructuring plan. The company originally planned to purchase 100% equity of Agricultural Potassium Resources, but now it is adjusted to issue shares and pay cash. Purchased 56% equity of Agricultural Potassium Resources at a transaction price of 1.764 billion yuan, and planned to raise funds. Company stocks starting from August 2<span>Resumption of trading</span>。</p><p><strong><a href=\"https://laohu8.com/S/002460\">Ganfeng Lithium</a>Subsidiary plans to acquire the entire equity of Hui Innovation Energy</strong></p><p>GPLP Rhino Finance July 31 news:<a href=\"https://laohu8.com/S/01772\">Ganfeng Lithium</a>(002460. SZ) announced that the company's holding subsidiary Ganfeng Lithium Battery plans to acquire 100% equity of Guangdong Hui Innovation Energy Co., Ltd. held by Ge Qiaoyu and Jiang Rongjin at a price of 52.4 million yuan with its own funds.</p><p><strong><a href=\"https://laohu8.com/S/300509\">Newmeixing</a>One of the actual controllers was filed</strong></p><p>GPLP Rhino Finance July 31 news: New American Star (300509. SZ) announced on the evening of July 30 that He Deping, one of the company's controlling shareholders and actual controllers, received the \"Notice of Filing a Case\" from the China Securities Regulatory Commission because he was suspected of manipulating the securities market, failed to fulfill the obligation of letter disclosure as required, and the China Securities Regulatory Commission decided to file a case against it.</p><p><strong><a href=\"https://laohu8.com/S/300912\">Kailong High-Tech</a>Normal supply of products is blocked</strong></p><p>GPLP Rhino Finance July 31 news: Kailong Hi-Tech (300912. SZ) announced that the company's holding subsidiary Jiangsu Kailong Baodun Power Technology Co., Ltd. (referred to as \"Kailong Baodun\") will respond to the local epidemic from July 21, 2021. According to the requirements of epidemic prevention and control, personnel and production materials cannot flow normally, and the products produced by Kailong Baodun cannot be supplied to the Wuxi parent company normally, which seriously affects the overall external supply of Kailong Hi-Tech.</p><p><strong><a href=\"https://laohu8.com/S/002611\">Dongfang Seiko</a>Subsidiary completes listing guidance plan</strong></p><p>GPLP Rhino Finance July 31 news: Dongfang Precision (002611. SZ) announced on the evening of July 30 that its subsidiary Suzhou Yum Power Machinery Co., Ltd. has submitted listing guidance filing materials to the Jiangsu Securities Regulatory Bureau, and the Jiangsu Securities Regulatory Bureau has issued a \"Notice to Confirm the Filing Date of Counseling\", the filing date is July 29, 2021.</p><p><strong>E Fund Blue Chip Selected Hybrid Securities Investment Fund withdraws from the ranks of top ten shareholders</strong></p><p>GPLP Rhino Finance July 31 news:<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>The semi-annual report shows that E Fund's blue-chip selected hybrid securities investment fund has withdrawn from the ranks of the top ten shareholders, and China Merchants CSI Liquor Index Graded Securities Investment Fund has become the top ten shareholders.</p><p><strong><a href=\"https://laohu8.com/S/002927\">Taiyong Long March</a>Controlling shareholder plans to reduce shares</strong></p><p>GPLP Rhino Finance July 31 news: The controlling shareholder of Taiyong Changzheng (002927. SZ) and its concerted parties plan to reduce their holdings by no more than 3.58% in total.</p><p></article></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107310949487c27ad33&s=b\">GPLP犀牛财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fe94fc940e9c4fcf157bb67f28e9ff8e","relate_stocks":{"TAL":"好未来","AMZN":"亚马逊"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202107310949487c27ad33&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2155150267","content_text":"作者：秋至来源：GPLP犀牛财经（ID:gplpcn）厦门信达终止收购正通汽车股份GPLP犀牛财经7月31消息：厦门信达(000701.SZ)7月30日晚间公告，公司原拟收购正通汽车（01728.HK）带投票表决权的29.9%股份，因目前以2020年12月31日为基准日的尽职调查等重大资产重组相关工作预计无法于2021年7月31日前完成。董事会审慎研究决定终止此次重大资产重组事项。好未来取消财报发布计划GPLP犀牛财经7月31消息：好未来(TAL.NYSE)取消原定下周的财报发布计划。亚马逊被罚8.88亿美元GPLP犀牛财经7月31消息：亚马逊(AMZN.NASDAQ)第二季度营收、第三季度指引均低于市场预期，且因违反数据隐私法规被欧盟处以创纪录的8.88亿美元罚款。亚钾国际拟收购农钾资源56%股权GPLP犀牛财经7月31消息：亚钾国际(000893.SZ)7月30日晚间公告，调整重大资产重组方案，该公司原拟购买农钾资源100%股权，现调整为以发行股份及支付现金方式购买农钾资源56%股权，交易价格17.64亿元，同时拟配套募资。公司股票8月2日起复牌。赣锋锂业子公司拟收购汇创新能源全部股权GPLP犀牛财经7月31消息：赣锋锂业(002460.SZ)公告，公司控股子公司赣锋锂电拟以自有资金5240万元人民币的价格收购戈巧瑜、蒋荣金持有的广东汇创新能源有限公司100%股权。新美星实控人之一被立案GPLP犀牛财经7月31消息：新美星(300509.SZ)7月30日晚间公告，公司控股股东、实控人之一何德平收到证监会的《立案告知书》，因其涉嫌操纵证券市场、未按规定履行信披义务，证监会决定对其立案。凯龙高科产品正常供应受阻GPLP犀牛财经7月31消息：凯龙高科(300912.SZ)公告，公司控股子公司江苏凯龙宝顿动力科技有限公司(简称“凯龙宝顿”)自2021年7月21日起应当地疫情防控要求，人员及生产物资均不能正常流动，凯龙宝顿生产产品无法正常供应无锡母公司，严重影响凯龙高科整体对外供货。东方精工子公司完成上市辅导方案GPLP犀牛财经7月31消息：东方精工(002611.SZ)7月30日晚间公告，子公司苏州百胜动力机器股份有限公司已向江苏证监局提交上市辅导备案材料，江苏证监局已对百胜动力出具《确认辅导备案日期的通知》，备案日期为2021年7月29日。易方达蓝筹精选混合型证券投资基金退出前十大股东行列GPLP犀牛财经7月31消息：贵州茅台半年报显示，易方达蓝筹精选混合型证券投资基金退出前十大股东行列，招商中证白酒指数分级证券投资基金新晋前十大股东。泰永长征控股股东拟减持股份GPLP犀牛财经7月31消息：泰永长征(002927.SZ)控股股东及其一致行动人拟合计减持不超过3.58%。","news_type":1,"symbols_score_info":{"TAL":1,"AMZN":1}},"isVote":1,"tweetType":1,"viewCount":1332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806740774,"gmtCreate":1627696304398,"gmtModify":1703494813680,"author":{"id":"3583541700741630","authorId":"3583541700741630","name":"Weeweess","avatar":"https://static.tigerbbs.com/242477c20840a38ec5dad0ad105d50be","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583541700741630","idStr":"3583541700741630"},"themes":[],"htmlText":"Yes ","listText":"Yes ","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806740774","repostId":"1120441766","repostType":4,"repost":{"id":"1120441766","kind":"news","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1627665833,"share":"https://ttm.financial/m/news/1120441766?lang=en_US&edition=fundamental","pubTime":"2021-07-31 01:23","market":"sh","language":"zh","title":"How will the global market go in August? These events will affect risk sentiment","url":"https://stock-news.laohu8.com/highlight/detail?id=1120441766","media":"Wind万得","summary":"随着7月进入尾声，投资者开始关注8月市场热点事件。美联储一如既往地成为焦点，但企业财报、市场波动等因素也不容忽视。\n8月通常会带来美股交易速度的放缓，特别是在月中旬，因为这期间将近一半企业都已公布财报","content":"<p>As July comes to an end, investors begin to pay attention to the hot market events in August. The Federal Reserve is the focus as always, but factors such as corporate earnings reports and market volatility cannot be ignored.</p><p>August usually brings a slowdown in U.S. stock trading, especially in the middle of the month, because nearly half of companies have reported earnings during this period. However, at least from a historical perspective, there are still some weak seasonal trends in the stock market going into September. This is something to watch, especially given that both inflation and stock valuations remain a concern.</p><p><b>Corporate Earnings Season</b></p><p>Investors can refocus on corporate earnings season after the Federal Reserve's meeting at the end of July. The Federal Reserve is a key component, but in the long term, earnings drive the U.S. stock market. By the end of July, the second-quarter earnings season was perfectly in line with analysts' expectations and even partially beat them.</p><p>On July 19, the S&P 500 dropped 2% on fears of a Delta virus mutation, and there was a slight move; But in late July, the outstanding performance of the earnings season basically boosted the major sectors of the U.S. stock market. Into August,<a href=\"https://laohu8.com/S/DAL\">Delta Air Lines</a>Performance worries many investors. There are signs that as the virus spreads further, more countries and regions will re-tighten restrictions on outbound travel.</p><p>Markets can't anticipate changes in the virus, but if things worsen, it could mean a return to so-called \"defensive\" areas, which are fixed income, mega-cap tech stocks and the dollar.</p><p>Going back to profitability, from big banks to Snap,<a href=\"https://laohu8.com/S/IBM\">IBM</a>、<a href=\"https://laohu8.com/S/HON\">Honeywell</a>、<a href=\"https://laohu8.com/S/T\">AT&T</a>Company and<a href=\"https://laohu8.com/S/AXP\">American Express</a>, many companies performed fairly well in July reports, as did airlines and railroads. There is an argument that if railroads work well, the broader economy will do well, as transport tends to be a barometer of aggregate demand.</p><p>Investor earnings expectations are also rising for the full quarter, with analysts now expecting second-quarter earnings to rise 74.2%, compared with a previous estimate of 69.4%. Since July, companies in multiple sectors (led by financial, healthcare, information technology and communications services) have reported earnings that beat expectations, leading to an improvement in overall earnings expectations.</p><p>But on the other hand, market weaknesses remain, such as in semiconductors.<a href=\"https://laohu8.com/S/INTC\">Intel</a>And<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>Neither of them failed to impress investors with their stock prices on the defensive. In addition, investors have digested the expectation of strong corporate earnings, and some companies need to perform well beyond expectations or have a wide room for growth in order to attract more capital inflows. This also explains why bank stocks failed to rise sharply on strong results.</p><p><b>Fed Policy Support and Economic Data</b></p><p>The \"not fighting the Fed\" doesn't seem to have changed either. It's a term coined decades ago by traders who thought the Fed would step in to shore up the stock market during any downturn. Fed Chairman Jerome Powell said earlier this month that the central bank remains committed to easy monetary policy and that high inflation is likely to cool.</p><p>The Fed's rhetoric will affect \"key indicators\" of global assets: Will US Treasury Bond yields return to an upward path in August, or will they fall below their nearly five-month low of 1.2% again? Falling yields tend to help so-called \"growth\" sectors such as tech, while rising yields tend to help \"cyclical\" sectors such as financials and energy. The tug of war between growth and value that has continued throughout the year shows no signs of disappearing.</p><p>Earlier this year, there was a lot on Wall Street that Jackson Hole could be the time and place for the Federal Reserve to announce its long-awaited tapering of its stimulus plan. That doesn't have to be the case now: U.S. bond yields have fallen steadily since the end of March, seemingly giving the Fed more room to maneuver in order to maintain its $120 billion monthly bond purchase program. It's a tactic the Fed uses to inject liquidity and keep interest rates low, and it seems to have worked.</p><p>In the first quarter of this year, the U.S. economy grew by more than 6%, and the yield on the 10-year U.S. Treasury Bond was close to 1.3% by the end of July. This is a surprisingly low yield given economic growth and high inflation month after month.</p><p>Both President Powell and President Biden said in late July that the current high inflation would not last. To be sure, most in the market will be paying close attention to July consumer and producer prices due in August, as well as the July jobs report. Job growth rebounded in June after months of weakness. The focus is likely now turning more to wage growth: if employers have to start raising wages significantly to attract workers, that could also raise inflation concerns.</p><p>By the time the Jackson Hole meeting approaches, investors may have a better sense of whether the Fed is ready to act, or at least predict stimulus from the Federal Reserve. Some economists point to the Fed's continued purchase of mortgage-backed securities, which is providing unnecessary ammunition to an already overheated housing market.</p><p><b>US stock volatility attracts attention</b></p><p>August may be a time to give investors a breather. Traditionally, this is a time when volatility and trading volume tend to decline due to many traders going on vacation. This seasonal factor has been disrupted a bit last year, but Wall Street may have had a more normal holiday schedule if fear of the pandemic hadn't continued to grow.</p><p>In August, the CBOE Volatility Index (VIX) may receive more attention. In mid-July, the index briefly rose above 20 before falling back to 17, the same level as earlier this month. The historical average of the VIX index is around 20, but levels well below 20 tend to indicate that one expects less turmoil ahead.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>It is pointed out that the seasonal factors in August are not favorable to the market. Judging from historical data, U.S. stocks showed a downward trend throughout August, which is the fourth worst two-week seasonal period of the year. Since 1950, in 72 years, the S&P 500 has risen by more than 10% 19 times in the first half of that year. Specifically, after a strong market performance in the first half, the median return in August typically falls 51 basis points before rising again.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How will the global market go in August? These events will affect risk sentiment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow will the global market go in August? These events will affect risk sentiment\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-07-31 01:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>As July comes to an end, investors begin to pay attention to the hot market events in August. The Federal Reserve is the focus as always, but factors such as corporate earnings reports and market volatility cannot be ignored.</p><p>August usually brings a slowdown in U.S. stock trading, especially in the middle of the month, because nearly half of companies have reported earnings during this period. However, at least from a historical perspective, there are still some weak seasonal trends in the stock market going into September. This is something to watch, especially given that both inflation and stock valuations remain a concern.</p><p><b>Corporate Earnings Season</b></p><p>Investors can refocus on corporate earnings season after the Federal Reserve's meeting at the end of July. The Federal Reserve is a key component, but in the long term, earnings drive the U.S. stock market. By the end of July, the second-quarter earnings season was perfectly in line with analysts' expectations and even partially beat them.</p><p>On July 19, the S&P 500 dropped 2% on fears of a Delta virus mutation, and there was a slight move; But in late July, the outstanding performance of the earnings season basically boosted the major sectors of the U.S. stock market. Into August,<a href=\"https://laohu8.com/S/DAL\">Delta Air Lines</a>Performance worries many investors. There are signs that as the virus spreads further, more countries and regions will re-tighten restrictions on outbound travel.</p><p>Markets can't anticipate changes in the virus, but if things worsen, it could mean a return to so-called \"defensive\" areas, which are fixed income, mega-cap tech stocks and the dollar.</p><p>Going back to profitability, from big banks to Snap,<a href=\"https://laohu8.com/S/IBM\">IBM</a>、<a href=\"https://laohu8.com/S/HON\">Honeywell</a>、<a href=\"https://laohu8.com/S/T\">AT&T</a>Company and<a href=\"https://laohu8.com/S/AXP\">American Express</a>, many companies performed fairly well in July reports, as did airlines and railroads. There is an argument that if railroads work well, the broader economy will do well, as transport tends to be a barometer of aggregate demand.</p><p>Investor earnings expectations are also rising for the full quarter, with analysts now expecting second-quarter earnings to rise 74.2%, compared with a previous estimate of 69.4%. Since July, companies in multiple sectors (led by financial, healthcare, information technology and communications services) have reported earnings that beat expectations, leading to an improvement in overall earnings expectations.</p><p>But on the other hand, market weaknesses remain, such as in semiconductors.<a href=\"https://laohu8.com/S/INTC\">Intel</a>And<a href=\"https://laohu8.com/S/TXN\">Texas Instruments</a>Neither of them failed to impress investors with their stock prices on the defensive. In addition, investors have digested the expectation of strong corporate earnings, and some companies need to perform well beyond expectations or have a wide room for growth in order to attract more capital inflows. This also explains why bank stocks failed to rise sharply on strong results.</p><p><b>Fed Policy Support and Economic Data</b></p><p>The \"not fighting the Fed\" doesn't seem to have changed either. It's a term coined decades ago by traders who thought the Fed would step in to shore up the stock market during any downturn. Fed Chairman Jerome Powell said earlier this month that the central bank remains committed to easy monetary policy and that high inflation is likely to cool.</p><p>The Fed's rhetoric will affect \"key indicators\" of global assets: Will US Treasury Bond yields return to an upward path in August, or will they fall below their nearly five-month low of 1.2% again? Falling yields tend to help so-called \"growth\" sectors such as tech, while rising yields tend to help \"cyclical\" sectors such as financials and energy. The tug of war between growth and value that has continued throughout the year shows no signs of disappearing.</p><p>Earlier this year, there was a lot on Wall Street that Jackson Hole could be the time and place for the Federal Reserve to announce its long-awaited tapering of its stimulus plan. That doesn't have to be the case now: U.S. bond yields have fallen steadily since the end of March, seemingly giving the Fed more room to maneuver in order to maintain its $120 billion monthly bond purchase program. It's a tactic the Fed uses to inject liquidity and keep interest rates low, and it seems to have worked.</p><p>In the first quarter of this year, the U.S. economy grew by more than 6%, and the yield on the 10-year U.S. Treasury Bond was close to 1.3% by the end of July. This is a surprisingly low yield given economic growth and high inflation month after month.</p><p>Both President Powell and President Biden said in late July that the current high inflation would not last. To be sure, most in the market will be paying close attention to July consumer and producer prices due in August, as well as the July jobs report. Job growth rebounded in June after months of weakness. The focus is likely now turning more to wage growth: if employers have to start raising wages significantly to attract workers, that could also raise inflation concerns.</p><p>By the time the Jackson Hole meeting approaches, investors may have a better sense of whether the Fed is ready to act, or at least predict stimulus from the Federal Reserve. Some economists point to the Fed's continued purchase of mortgage-backed securities, which is providing unnecessary ammunition to an already overheated housing market.</p><p><b>US stock volatility attracts attention</b></p><p>August may be a time to give investors a breather. Traditionally, this is a time when volatility and trading volume tend to decline due to many traders going on vacation. This seasonal factor has been disrupted a bit last year, but Wall Street may have had a more normal holiday schedule if fear of the pandemic hadn't continued to grow.</p><p>In August, the CBOE Volatility Index (VIX) may receive more attention. In mid-July, the index briefly rose above 20 before falling back to 17, the same level as earlier this month. The historical average of the VIX index is around 20, but levels well below 20 tend to indicate that one expects less turmoil ahead.</p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>It is pointed out that the seasonal factors in August are not favorable to the market. Judging from historical data, U.S. stocks showed a downward trend throughout August, which is the fourth worst two-week seasonal period of the year. Since 1950, in 72 years, the S&P 500 has risen by more than 10% 19 times in the first half of that year. Specifically, after a strong market performance in the first half, the median return in August typically falls 51 basis points before rising again.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/082208e3c37780dd55878056410ffa43","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120441766","content_text":"随着7月进入尾声，投资者开始关注8月市场热点事件。美联储一如既往地成为焦点，但企业财报、市场波动等因素也不容忽视。\n8月通常会带来美股交易速度的放缓，特别是在月中旬，因为这期间将近一半企业都已公布财报。不过，至少从历史的角度来看，进入9月份，股市仍有一些疲软的季节性趋势。这一点值得关注，尤其是考虑到通胀和股票估值都仍令人担忧。\n企业财报季\n在美联储7月底的会议之后，投资者可以重新关注企业财报季。美联储是一个关键组成部分，但从长期来看，收益驱动着美股市场。截至7月底，第二季度财报季完全符合分析师的预期，甚至部分超出预期。\n7月19日，标准普尔500指数因担心德尔塔病毒变异而下跌2%，出现了轻微的小波动；但在7月下旬，财报季的亮眼表现基本上提振了美股各大板块。进入8月，达美航空业绩表现让不少投资者担忧。有迹象表明，随着病毒的进一步蔓延，更多国家和地区将重新对外出旅行加强限制。\n市场无法预期病毒的变化，但如果情况恶化，可能意味着人们会回到所谓的“防御性”领域，即固定收益、超大型科技股和美元。\n回到盈利方面，从大型银行到Snap、IBM、霍尼韦尔、美国电话电报公司和美国运通，许多公司在7月份的报告中都表现得相当不错，航空公司和铁路公司也是如此。有一种观点认为，如果铁路运营良好，那么更广泛的经济也会发展良好，因为运输往往是总需求的晴雨表。\n投资者对整个季度的收益预期也在上升，分析师目前预计第二季度收益将增长74.2%，此前预计为69.4%。7月以来，多个行业(以金融、医疗保健、信息技术和通信服务行业为首)公司公布的收益超出预期，导致整体收益预期有所改善。\n但另一方面，市场弱点仍然存在，例如半导体领域。英特尔和德州仪器的前景都未能给投资者留下深刻印象，两家公司的股价都处于守势。此外，投资者已经消化了企业收益强劲的预期，一些公司需要业绩大超预期，或成长空间较广，才能吸引更多资金流入。这也解释了为什么银行股未能因强劲业绩大幅上涨。\n美联储政策支持和经济数据\n“不与美联储抗争”似乎也没有改变。这是几十年前交易员们发明的一个术语，他们认为美联储会在任何低迷时期出手支撑股市。美联储主席鲍威尔(Jerome Powell)本月早些时候表示，美联储仍致力于宽松货币政策，高通胀可能会降温。\n美联储的言辞将会影响全球资产的“关键指标”：美国国债收益率将在8月份重新走上上升之路，还是将再次跌至近五个月来的低点1.2%以下？收益率下降往往有助于科技等所谓的“成长型”板块，而收益率上升往往有助于金融和能源等“周期性”板块。全年持续的增长与价值的拉锯战并没有消失的迹象。\n今年早些时候，华尔街有很多人认为，杰克逊霍尔可能是美联储宣布外界期待已久的缩减刺激计划的时机和地点。现在不一定是这样了：自3月底以来，美债收益率稳步下滑，似乎给了美联储更多的操作空间，以维持每月1,200亿美元的购债计划。这是美联储用来注入流动性和保持低利率的策略，而且似乎已经奏效了。\n今年第一季度，美国经济增长超过6%，截至7月底，10年期美国国债收益率接近1.3%。考虑到经济增长和月复一月的高通胀，这是一个令人惊讶的低收益率。\n鲍威尔和拜登总统在7月下旬都表示，目前的高通胀不会持续。可以肯定的是，市场中的大多数人将密切关注8月公布的7月消费者和生产者价格，以及7月就业报告。就业增长在经过几个月的疲软后，于6月反弹。现在的焦点可能更多地转向工资增长：如果雇主不得不开始大幅提高工资以吸引工人，这可能也会引发通胀担忧。\n等到杰克逊霍尔会议临近的时候，投资者可能会对美联储是否准备采取行动有更好的感觉，或者至少预测美联储会采取刺激措施。一些经济学家指出，美联储继续购买抵押贷款支持证券，这为已经过热的房地产市场提供了不必要的弹药。\n美股波动率引发关注\n8月份可能是给投资者喘息的时间。传统上，这是由于许多交易员都去度假，波动性和交易量趋于下降的时候。去年，这种季节因素受到了一些干扰，但如果对疫情的恐惧没有持续增长，华尔街可能会有一个更正常的假期安排。\n8月，CBOE波动率指数(VIX)可能会受到更多关注。7月中旬，该指数短暂升至20以上，然后又回落至17，与本月早些时候的水平相同。VIX指数的历史平均水平在20左右，但远低于20的水平往往表明，人们预计未来的动荡会减少。\n高盛指出，8月的季节性因素并不对市场有利，从历史数据来看，整个8月美股都呈下降趋势，这是一年中第四糟糕的两周季节性时期。自1950年以来，在72年的时间里，标普500指数有19次在当年上半年涨超10%。具体来说，在上半年市场表现强劲之后，8月份的回报率中值通常会下降51个基点，然后再上升。","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1622,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806757725,"gmtCreate":1627696274867,"gmtModify":1703494811679,"author":{"id":"3583541700741630","authorId":"3583541700741630","name":"Weeweess","avatar":"https://static.tigerbbs.com/242477c20840a38ec5dad0ad105d50be","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583541700741630","idStr":"3583541700741630"},"themes":[],"htmlText":"Yes ","listText":"Yes ","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806757725","repostId":"1110754441","repostType":4,"repost":{"id":"1110754441","kind":"news","weMediaInfo":{"introduction":"派财经是第一家聚焦数字经济融媒体平台，既关注人工智能、大数据、云计算、移动互联网、5G等数字科技，也关注产业数字化、数字金融、新消费、宅经济这些基于数字科技的新经济。","home_visible":1,"media_name":"派财经官微","id":"1014980900","head_image":"https://static.tigerbbs.com/bb9c7604ff64454d92461efd7b8b8949"},"pubTimestamp":1627690027,"share":"https://ttm.financial/m/news/1110754441?lang=en_US&edition=fundamental","pubTime":"2021-07-31 08:07","market":"hk","language":"zh","title":"Betting on Jidu Automobile, how far can Baidu's dream of building a car fly?","url":"https://stock-news.laohu8.com/highlight/detail?id=1110754441","media":"派财经官微","summary":"起了个大早赶了个晚集\n\n百度自动驾驶不再想成为汽车的“灵魂”了？\n在上汽集团董事长陈虹提出要把“灵魂”掌握在自己手中后不久，百度自动驾驶产品运营部总监徐宝强近期在接受媒体采访时表示：“百度现在的发展方","content":"<p>I got up early and caught up a late market<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Self-driving doesn't want to be the \"soul\" of cars anymore?</p><p>In<a href=\"https://laohu8.com/S/600104\">SAIC Group</a>Shortly after Chairman Chen Hong proposed to take the \"soul\" into his own hands,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Xu Baoqiang, director of the autonomous driving product operation department, said in a recent interview with the media: \"Baidu's current development direction is not to export autonomous driving technology to car companies, but to promote unmanned travel in the sharing field.\"</p><p>In the above remarks, Baidu revealed two key messages: Baidu no longer focuses on exporting autonomous driving technology and focuses on driverless driving in the shared field. Obviously, this is different from the initial launch of Baidu<a href=\"https://laohu8.com/S/APOL\">Apollo</a>The goal at the time of planning has made a 180-degree U-turn.</p><p>So, can Baidu, which no longer emphasizes the output of driverless technology, still tell the story of AI well?</p><p><b>Automotive Strategic Turn</b></p><p>On the track of driverless driving, Baidu is the first to start.</p><p>As early as 2013, Baidu launched an autonomous vehicle project internally. After four years of polishing, it officially launched the Apollo system in April 2017, committed to building an \"Android system in the field of autonomous driving\", with the goal of providing an open, complete and safe software platform to the automotive industry and autonomous driving. Partners in the field help them quickly build their own complete autonomous driving system by combining vehicles and hardware systems.</p><p>So far, Baidu's unmanned vehicle project has been launched for nearly eight years, with a cumulative investment of tens of billions to participate in Baidu's \"<a href=\"https://laohu8.com/S/APOL\">Apollo</a>The plan includes more than ten car manufacturers such as Dalem Benz, Toyota, Honda, Volkswagen, BMW, and BYTON, as well as other scientific research institutions, Internet companies, operators, etc. The Apollo program has become a huge alliance in the industry with strong appeal.</p><p>Baidu has unparalleled advantages over other manufacturers in autonomous driving, such as AI technology reserves and Baidu maps. Technically, Baidu has all-round technologies such as cloud storage and high-precision maps, and AI is Baidu's inherent advantage. At the same time, Baidu Maps has a strong user base. From the perspective of autonomous driving collection capabilities and qualifications, Baidu is also in a leading position in the industry.</p><p>However, with the rise of new car-making forces and the entry of technology companies such as Huawei, Xiaomi, and 360, the presence of the Apollo program, which has a first-mover advantage, is getting weaker and weaker. In fact, as of now, no car company's mass-produced products have been equipped with Baidu's autonomous driving system on a large scale.</p><p>What is the reason? It is generally believed in the industry that the L4 level target positioning of the Apollo program is too high and it is difficult to achieve commercialization, which is the main reason why its progress encounters obstacles.</p><p>\"The number of software codes in cars is greater than<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Mobile phones are about 10 times higher, autonomous driving technology is much more complicated than electric technology, and commercialization is far more difficult than electric vehicles. \" An automotive industry analyst said that the autonomous driving industry is a field that burns money and time-consumes. To achieve commercialization, more technology precipitation and a more suitable business model are needed.</p><p>Many users who have tried Baidu unmanned vehicles said that Baidu unmanned vehicles have some problems, such as large turning and bypass radius, slow average speed, difficulty in overtaking during driving, and having to get on the bus at a designated place when taking a taxi. Although these problems are not fatal injuries, for passengers, the driving experience is not friendly, and it may take more time to truly replace traditional cars.</p><p>From the current market<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>, XPeng,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Judging from the sales volume of new car-making forces, the way to realize autonomous driving more recognized by the outside world is first L2 and L3 levels of assisted autonomous driving, and secondly, it is possible to gradually transition to L4 level.</p><p>Of course, consumers' experience of usage is only one aspect, and the resistance from laws and regulations is more direct. Due to the current laws and regulations' restrictions on the road permission of fully self-driving cars, L4 self-driving can only be driven in closed and limited specific scenarios, and users' interest in choosing an L4 self-driving car is therefore weakened. When Li Yanhong got on a self-driving car and broadcast live on the Fourth Ring Road in Beijing, he was interviewed by the traffic control department.</p><p>To this end, Baidu Autopilot has to give priority to meeting the regulatory requirements of different local governments, which also makes Baidu Autopilot an autonomous driving team oriented to local government requirements. Whether it is the selection of cooperative models, testing locations, or product research and development, it is difficult for Baidu's Apollo to consider according to the rhythm that is most conducive to technological development, but whether it can obtain local policy support as the first criterion.</p><p>Therefore, even though the prospect of L4 autonomous driving is very clear, due to the current driving experience and the reality of regulatory policies, Baidu's original dream of empowering vehicle companies can only be promoted slowly as a vision, and now it has to make strategic changes from the top-level design level-not exporting autonomous driving technology to car companies.</p><p><b>The choice between the referee and the player</b></p><p>Why is Huawei's HI solution not adopted by SAIC? From the perspective of vehicle companies, they must hope to dominate the personal consumption market by themselves, and do not want to become<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>From this perspective, the concerns of car companies are completely understandable.</p><p>But this has caused a second problem for Baidu's Apollo program. As mentioned above, in the initial concept, Apollo borrowed<a href=\"https://laohu8.com/S/GOOG\">Google</a>The idea of the Android system for the entire smartphone industry is to develop into the center of the entire smart car industry through open source, which directly leads to the reluctance of vehicle companies to adopt its solutions.</p><p>Therefore, after some trade-offs, Baidu began to plan to build its own car at the end of 2020. Of course, this has the mentality of coveting the huge market potential of smart cars, but it is also out of last resort. Finally, in March this year, Baidu and Geely jointly launched Jidu Automobile and planned to invest 50 billion yuan in building cars within five years.</p><p>However, this has put Baidu into another trouble-being both a referee and an athlete, which is similar to the current predicament of Huawei's Hongmeng system. If car companies adopt Baidu's autonomous driving solution, will their lifeblood be in the hands of competitors? Will Baidu be biased when providing autonomous driving technology output?</p><p>In addition, Baidu's autonomous driving solution also faces fierce competition from other players, the most prominent of which is Huawei. As a joint partner of Huawei and Baidu, Jihu Automobile has released the Alpha smart car based on Huawei's HI solution. Relying on 30 years of ICT capabilities, Huawei has provided it with a new smart car digital architecture and five major smart systems.. In the entire solution, Huawei already has \"full-stack\" intelligent capabilities, including chips, operating systems, languages, maps, cloud computing, big data, vehicle-road collaboration, autonomous driving, software iterative upgrades, and cloud data training.</p><p>More importantly, Huawei has announced that it is the company's iron law not to build cars since 2018, and has repeatedly reiterated that this strategy will not change. Factors that companies consider when choosing between the two.</p><p>Based on the above considerations, Xu Baoqiang revealed in this media interview that Baidu will choose another path, that is, to avoid the personal consumption market where car companies want to control the dominance and competition, and cut in from the shared car business level. In this regard, in June this year, Jihu Automobile and Baidu Apollo released the unmanned shared car Apollo Moon. The price is 480,000 yuan, and the cost is only one-third of other L4 self-driving vehicles. Baidu believes that this is expected to truly bring Robotaxi into the online car-hailing operating cost range.</p><p>Downplaying the autonomous driving system platform that has been betting on for 8 years, and instead choosing smart shared cars with uncertain application prospects, small market space, and more difficult implementation. Is it a choice or a last resort? I believe only Baidu itself knows better.</p><p><b>Can Jidu Automobile carry the banner?</b></p><p>If Baidu turns and its development focus is no longer on exporting autonomous driving technology to car companies, then Jidu Automobile is likely to be the ultimate carrier of Baidu's dream of building a car. From the perspective of equity institutions, Baidu's shareholding share has reached 55%. In addition to Xia Yiping, three other directors, Liang Zhixiang, He Junjie, and Li Zhenyu, are from Baidu, and only one director, An Conghui, is from Geely. This shows that Baidu has a better interest in Jidu Automobile. Higher control and expectations.</p><p>In addition, judging from the hard conditions of both parties, they are indeed a natural couple. As an Internet technology giant, Baidu's technical strength is naturally needless to say, especially since it has been deeply involved in AI and autonomous driving for many years. In terms of Geely, its total sales in 2020 will reach 1.32 million vehicles, and its automobile production capacity is very strong. In addition, Geely's self-developed SEA Haohan automobile architecture is based on the idea of software-defined automobiles. Whether it is the hardware layer, system layer or ecological layer, it has achieved unprecedented compatibility in the industry, which can greatly shorten the research and development cycle of automobiles. Therefore, Jidu Automobile dared to shout out the slogan of achieving mass production within three years.</p><p>At the same time, Baidu promised to invest 50 billion yuan in research and development in the next five years, far exceeding<a href=\"https://laohu8.com/S/NIO\">Nio</a>, XPeng, and Ideal's R&D investment of 1 billion yuan. From this perspective, solid autonomous driving technology and long-term huge investment may really bring better market performance to Jidu Automobile.</p><p>However, Jidu Automobile, born with a golden key in its mouth, is not completely free of hidden worries. The first is the establishment of a car manufacturing team. In April 2021, Xia Yiping predicted that by the end of 2022, the core team of Jidu Automobile will expand to 2,500-3,000 people.</p><p>From the previous team of 3-4 people to nearly 3,000 people by the end of 2022, the team formation started almost from scratch. So far, Jidu's team includes people from traditional car companies and people who have integrated with new forces, as well as colleagues from the Internet and consumer electronics fields. On the one hand, this brings Jidu Automobile's integration advantages in all aspects, but on the other hand, such advantages must be realized on the basis of full running-in. After all, entrepreneurial teams will go through a running-in period more or less, long or short.</p><p>But an undeniable fact is that the internal relationship of Baidu system is complicated, even if it used to<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Lu Qi, who has a halo, also caused the loss of core personnel such as Wang Jin and Ng Enda when adjusting the autonomous driving business, and failed to straighten out internal relationships. It is not yet known to what extent Xia Yiping can mobilize internal resources and do a good job in Jidu Automobile.</p><p>Secondly, although Xia Yiping agrees that intelligence is the core competitiveness of future smart cars, \"intelligence is not only the form, but also the bottom-up reconstruction of the underlying technology.\" And defined this bottom-up reconstruction as \"end-to-end ecology\". This is consistent with the current general consensus in the industry-smart cars must be deeply integrated with users' lives in the future, that is, they will form a set of non-perceptive IoT ecosystem with other users' devices. However, at present, neither Baidu nor Geely have provided it The ability to provide ecosystem empowerment.</p><p>Ecological construction is not Baidu's strength. Baidu's software coverage breadth and depth on the mobile side not only lags far behind Ali,<a href=\"https://laohu8.com/S/00700\">Tencent</a>In terms of hardware, there is also a lack of devices such as mobile phones that can have a strong connection with users, and Baidu has not been able to establish its own IoT ecosystem so far, which determines whether Jidu Automobile can gain consumers in the future. key factors for recognition.</p><p>Finally, the cooperation between Baidu and Geely is another concern of the industry. Generally speaking, the car manufacturing cycle is very long, and the joint venture car manufacturing method chosen by both parties has few successful cases in the industry. If there are differences in cooperation concepts, it will have a huge impact on Jidu Automobile. At the same time, Dr. Mei Songlin, a senior automotive analyst, believes that \"the capital investment in building an automobile brand is huge. It is unknown whether both parties have enough patience and strength, and whether the main businesses of both parties will affect investment. If there are challenges in cooperation, whether the two parties still trust each other will also affect cooperation.</p><p>Therefore, it can be said that although Jidu Automobile, which has been mass-produced in three years, was born with a golden key and is related to Baidu's future, the situation it faces is not optimistic, especially when its own team has not been straightened out, the ecological construction is absent, and the joint venture car-making model with Geely, any mistake will make it difficult for Baidu, which entered the game late, to catch up from behind. Because of its full bet on Jidu Automobile, Baidu's self-driving Android dream almost ended in vain.</p><p>Baidu, did you accidentally become<a href=\"https://laohu8.com/S/002594\">BYD</a>CEO Wang Chuanfu said that he \"wasted three years\" to build cars?</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Betting on Jidu Automobile, how far can Baidu's dream of building a car fly?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBetting on Jidu Automobile, how far can Baidu's dream of building a car fly?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1014980900\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/bb9c7604ff64454d92461efd7b8b8949);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">派财经官微 </p>\n<p class=\"h-time smaller\">2021-07-31 08:07</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>I got up early and caught up a late market<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Self-driving doesn't want to be the \"soul\" of cars anymore?</p><p>In<a href=\"https://laohu8.com/S/600104\">SAIC Group</a>Shortly after Chairman Chen Hong proposed to take the \"soul\" into his own hands,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Xu Baoqiang, director of the autonomous driving product operation department, said in a recent interview with the media: \"Baidu's current development direction is not to export autonomous driving technology to car companies, but to promote unmanned travel in the sharing field.\"</p><p>In the above remarks, Baidu revealed two key messages: Baidu no longer focuses on exporting autonomous driving technology and focuses on driverless driving in the shared field. Obviously, this is different from the initial launch of Baidu<a href=\"https://laohu8.com/S/APOL\">Apollo</a>The goal at the time of planning has made a 180-degree U-turn.</p><p>So, can Baidu, which no longer emphasizes the output of driverless technology, still tell the story of AI well?</p><p><b>Automotive Strategic Turn</b></p><p>On the track of driverless driving, Baidu is the first to start.</p><p>As early as 2013, Baidu launched an autonomous vehicle project internally. After four years of polishing, it officially launched the Apollo system in April 2017, committed to building an \"Android system in the field of autonomous driving\", with the goal of providing an open, complete and safe software platform to the automotive industry and autonomous driving. Partners in the field help them quickly build their own complete autonomous driving system by combining vehicles and hardware systems.</p><p>So far, Baidu's unmanned vehicle project has been launched for nearly eight years, with a cumulative investment of tens of billions to participate in Baidu's \"<a href=\"https://laohu8.com/S/APOL\">Apollo</a>The plan includes more than ten car manufacturers such as Dalem Benz, Toyota, Honda, Volkswagen, BMW, and BYTON, as well as other scientific research institutions, Internet companies, operators, etc. The Apollo program has become a huge alliance in the industry with strong appeal.</p><p>Baidu has unparalleled advantages over other manufacturers in autonomous driving, such as AI technology reserves and Baidu maps. Technically, Baidu has all-round technologies such as cloud storage and high-precision maps, and AI is Baidu's inherent advantage. At the same time, Baidu Maps has a strong user base. From the perspective of autonomous driving collection capabilities and qualifications, Baidu is also in a leading position in the industry.</p><p>However, with the rise of new car-making forces and the entry of technology companies such as Huawei, Xiaomi, and 360, the presence of the Apollo program, which has a first-mover advantage, is getting weaker and weaker. In fact, as of now, no car company's mass-produced products have been equipped with Baidu's autonomous driving system on a large scale.</p><p>What is the reason? It is generally believed in the industry that the L4 level target positioning of the Apollo program is too high and it is difficult to achieve commercialization, which is the main reason why its progress encounters obstacles.</p><p>\"The number of software codes in cars is greater than<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Mobile phones are about 10 times higher, autonomous driving technology is much more complicated than electric technology, and commercialization is far more difficult than electric vehicles. \" An automotive industry analyst said that the autonomous driving industry is a field that burns money and time-consumes. To achieve commercialization, more technology precipitation and a more suitable business model are needed.</p><p>Many users who have tried Baidu unmanned vehicles said that Baidu unmanned vehicles have some problems, such as large turning and bypass radius, slow average speed, difficulty in overtaking during driving, and having to get on the bus at a designated place when taking a taxi. Although these problems are not fatal injuries, for passengers, the driving experience is not friendly, and it may take more time to truly replace traditional cars.</p><p>From the current market<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>, XPeng,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Judging from the sales volume of new car-making forces, the way to realize autonomous driving more recognized by the outside world is first L2 and L3 levels of assisted autonomous driving, and secondly, it is possible to gradually transition to L4 level.</p><p>Of course, consumers' experience of usage is only one aspect, and the resistance from laws and regulations is more direct. Due to the current laws and regulations' restrictions on the road permission of fully self-driving cars, L4 self-driving can only be driven in closed and limited specific scenarios, and users' interest in choosing an L4 self-driving car is therefore weakened. When Li Yanhong got on a self-driving car and broadcast live on the Fourth Ring Road in Beijing, he was interviewed by the traffic control department.</p><p>To this end, Baidu Autopilot has to give priority to meeting the regulatory requirements of different local governments, which also makes Baidu Autopilot an autonomous driving team oriented to local government requirements. Whether it is the selection of cooperative models, testing locations, or product research and development, it is difficult for Baidu's Apollo to consider according to the rhythm that is most conducive to technological development, but whether it can obtain local policy support as the first criterion.</p><p>Therefore, even though the prospect of L4 autonomous driving is very clear, due to the current driving experience and the reality of regulatory policies, Baidu's original dream of empowering vehicle companies can only be promoted slowly as a vision, and now it has to make strategic changes from the top-level design level-not exporting autonomous driving technology to car companies.</p><p><b>The choice between the referee and the player</b></p><p>Why is Huawei's HI solution not adopted by SAIC? From the perspective of vehicle companies, they must hope to dominate the personal consumption market by themselves, and do not want to become<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>From this perspective, the concerns of car companies are completely understandable.</p><p>But this has caused a second problem for Baidu's Apollo program. As mentioned above, in the initial concept, Apollo borrowed<a href=\"https://laohu8.com/S/GOOG\">Google</a>The idea of the Android system for the entire smartphone industry is to develop into the center of the entire smart car industry through open source, which directly leads to the reluctance of vehicle companies to adopt its solutions.</p><p>Therefore, after some trade-offs, Baidu began to plan to build its own car at the end of 2020. Of course, this has the mentality of coveting the huge market potential of smart cars, but it is also out of last resort. Finally, in March this year, Baidu and Geely jointly launched Jidu Automobile and planned to invest 50 billion yuan in building cars within five years.</p><p>However, this has put Baidu into another trouble-being both a referee and an athlete, which is similar to the current predicament of Huawei's Hongmeng system. If car companies adopt Baidu's autonomous driving solution, will their lifeblood be in the hands of competitors? Will Baidu be biased when providing autonomous driving technology output?</p><p>In addition, Baidu's autonomous driving solution also faces fierce competition from other players, the most prominent of which is Huawei. As a joint partner of Huawei and Baidu, Jihu Automobile has released the Alpha smart car based on Huawei's HI solution. Relying on 30 years of ICT capabilities, Huawei has provided it with a new smart car digital architecture and five major smart systems.. In the entire solution, Huawei already has \"full-stack\" intelligent capabilities, including chips, operating systems, languages, maps, cloud computing, big data, vehicle-road collaboration, autonomous driving, software iterative upgrades, and cloud data training.</p><p>More importantly, Huawei has announced that it is the company's iron law not to build cars since 2018, and has repeatedly reiterated that this strategy will not change. Factors that companies consider when choosing between the two.</p><p>Based on the above considerations, Xu Baoqiang revealed in this media interview that Baidu will choose another path, that is, to avoid the personal consumption market where car companies want to control the dominance and competition, and cut in from the shared car business level. In this regard, in June this year, Jihu Automobile and Baidu Apollo released the unmanned shared car Apollo Moon. The price is 480,000 yuan, and the cost is only one-third of other L4 self-driving vehicles. Baidu believes that this is expected to truly bring Robotaxi into the online car-hailing operating cost range.</p><p>Downplaying the autonomous driving system platform that has been betting on for 8 years, and instead choosing smart shared cars with uncertain application prospects, small market space, and more difficult implementation. Is it a choice or a last resort? I believe only Baidu itself knows better.</p><p><b>Can Jidu Automobile carry the banner?</b></p><p>If Baidu turns and its development focus is no longer on exporting autonomous driving technology to car companies, then Jidu Automobile is likely to be the ultimate carrier of Baidu's dream of building a car. From the perspective of equity institutions, Baidu's shareholding share has reached 55%. In addition to Xia Yiping, three other directors, Liang Zhixiang, He Junjie, and Li Zhenyu, are from Baidu, and only one director, An Conghui, is from Geely. This shows that Baidu has a better interest in Jidu Automobile. Higher control and expectations.</p><p>In addition, judging from the hard conditions of both parties, they are indeed a natural couple. As an Internet technology giant, Baidu's technical strength is naturally needless to say, especially since it has been deeply involved in AI and autonomous driving for many years. In terms of Geely, its total sales in 2020 will reach 1.32 million vehicles, and its automobile production capacity is very strong. In addition, Geely's self-developed SEA Haohan automobile architecture is based on the idea of software-defined automobiles. Whether it is the hardware layer, system layer or ecological layer, it has achieved unprecedented compatibility in the industry, which can greatly shorten the research and development cycle of automobiles. Therefore, Jidu Automobile dared to shout out the slogan of achieving mass production within three years.</p><p>At the same time, Baidu promised to invest 50 billion yuan in research and development in the next five years, far exceeding<a href=\"https://laohu8.com/S/NIO\">Nio</a>, XPeng, and Ideal's R&D investment of 1 billion yuan. From this perspective, solid autonomous driving technology and long-term huge investment may really bring better market performance to Jidu Automobile.</p><p>However, Jidu Automobile, born with a golden key in its mouth, is not completely free of hidden worries. The first is the establishment of a car manufacturing team. In April 2021, Xia Yiping predicted that by the end of 2022, the core team of Jidu Automobile will expand to 2,500-3,000 people.</p><p>From the previous team of 3-4 people to nearly 3,000 people by the end of 2022, the team formation started almost from scratch. So far, Jidu's team includes people from traditional car companies and people who have integrated with new forces, as well as colleagues from the Internet and consumer electronics fields. On the one hand, this brings Jidu Automobile's integration advantages in all aspects, but on the other hand, such advantages must be realized on the basis of full running-in. After all, entrepreneurial teams will go through a running-in period more or less, long or short.</p><p>But an undeniable fact is that the internal relationship of Baidu system is complicated, even if it used to<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Lu Qi, who has a halo, also caused the loss of core personnel such as Wang Jin and Ng Enda when adjusting the autonomous driving business, and failed to straighten out internal relationships. It is not yet known to what extent Xia Yiping can mobilize internal resources and do a good job in Jidu Automobile.</p><p>Secondly, although Xia Yiping agrees that intelligence is the core competitiveness of future smart cars, \"intelligence is not only the form, but also the bottom-up reconstruction of the underlying technology.\" And defined this bottom-up reconstruction as \"end-to-end ecology\". This is consistent with the current general consensus in the industry-smart cars must be deeply integrated with users' lives in the future, that is, they will form a set of non-perceptive IoT ecosystem with other users' devices. However, at present, neither Baidu nor Geely have provided it The ability to provide ecosystem empowerment.</p><p>Ecological construction is not Baidu's strength. Baidu's software coverage breadth and depth on the mobile side not only lags far behind Ali,<a href=\"https://laohu8.com/S/00700\">Tencent</a>In terms of hardware, there is also a lack of devices such as mobile phones that can have a strong connection with users, and Baidu has not been able to establish its own IoT ecosystem so far, which determines whether Jidu Automobile can gain consumers in the future. key factors for recognition.</p><p>Finally, the cooperation between Baidu and Geely is another concern of the industry. Generally speaking, the car manufacturing cycle is very long, and the joint venture car manufacturing method chosen by both parties has few successful cases in the industry. If there are differences in cooperation concepts, it will have a huge impact on Jidu Automobile. At the same time, Dr. Mei Songlin, a senior automotive analyst, believes that \"the capital investment in building an automobile brand is huge. It is unknown whether both parties have enough patience and strength, and whether the main businesses of both parties will affect investment. If there are challenges in cooperation, whether the two parties still trust each other will also affect cooperation.</p><p>Therefore, it can be said that although Jidu Automobile, which has been mass-produced in three years, was born with a golden key and is related to Baidu's future, the situation it faces is not optimistic, especially when its own team has not been straightened out, the ecological construction is absent, and the joint venture car-making model with Geely, any mistake will make it difficult for Baidu, which entered the game late, to catch up from behind. Because of its full bet on Jidu Automobile, Baidu's self-driving Android dream almost ended in vain.</p><p>Baidu, did you accidentally become<a href=\"https://laohu8.com/S/002594\">BYD</a>CEO Wang Chuanfu said that he \"wasted three years\" to build cars?</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/68a814138696b6daf296c3939a776531","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","09888":"百度集团-SW","BIDU":"百度"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110754441","content_text":"起了个大早赶了个晚集\n\n百度自动驾驶不再想成为汽车的“灵魂”了？\n在上汽集团董事长陈虹提出要把“灵魂”掌握在自己手中后不久，百度自动驾驶产品运营部总监徐宝强近期在接受媒体采访时表示：“百度现在的发展方向还并不是把自动驾驶技术输出给车企，而是希望推动共享领域的无人出行事业。”\n在上述言论中，百度透露了两点关键信息：百度不再重点输出自动驾驶技术、专注共享领域无人驾驶。显然，这与最初百度推出阿波罗计划时的目标已经发生了180度的大转弯。\n那么，不再强调输出无人驾驶技术的百度，还能否讲好AI的故事？\n汽车战略转向\n在无人驾驶这个赛道，百度是起步最早的一批。\n早在2013年，百度便在内部启动了无人车项目，打磨四年之后于2017年4月正式推出Apollo系统，致力于打造“自动驾驶领域的安卓系统”，目标是向汽车行业及自动驾驶领域的合作伙伴提供一个开放、完整、安全的软件平台，帮助他们结合车辆和硬件系统，快速搭建一套属于自己的完整的自动驾驶系统。\n至今，百度的无人车项目已启动近八年，累计投资数百亿，参与百度“阿波罗计划”的有戴勒姆奔驰、丰田、本田、大众、宝马、拜腾等十余家车厂，还有其他科研机构、互联网公司、运营商等。阿波罗计划成为一个行业性的巨大联盟，号召力强大。\n百度做自动驾驶有着其他厂商无可比拟的优势，比如AI技术储备和百度地图。在技术上，百度拥有云存储、高精地图等全方位技术，而AI又是百度的固有优势。同时，百度地图拥有强大的用户基础，从自动驾驶的采集能力以及资质上来看，百度在业界也处于领先地位。\n然而，随着造车新势力的崛起，以及华为、小米、360等科技企业的入局，拥有先发优势的阿波罗计划的存在感越来越弱。事实上，截至目前，还没有车企量产产品大规模搭载百度的自动驾驶系统。\n原因何在？业内普遍认为，阿波罗计划的L4级目标定位过高，难以实现商业化是其前进遇阻的最主要原因。\n“汽车的软件代码数量比智能手机高出10倍左右，自动驾驶技术也比电动技术复杂得多，商业化落地难度更是远超电动汽车。”一位汽车行业分析师表示，自动驾驶行业是一个既烧钱又费时的领域，要想实现商业化落地，还需要更多的技术沉淀以及更为适合的商业模式。\n不少试乘百度无人车的用户表示，百度无人车存在着转向绕行半径大、平均车速慢、行驶过程中超车困难以及打车时必须到指定地点上车等方面的问题，虽然这些问题都并非致命硬伤，但对于乘客而言，驾乘感受并不友好，真正取代传统汽车可能还需要更多时间。\n从目前市场上特斯拉、小鹏、蔚来等造车新势力的销量来看，外界更为认同的自动驾驶实现方式首先还是L2、L3级别的辅助自动驾驶，其次才可能逐步过渡至L4级别。\n当然，消费者的使用感受只是一方面，来自法律法规层面的阻力则更为直接。由于目前法律法规对于完全自动驾驶汽车上路许可的限制，L4级自动驾驶更多的只能行驶于封闭、局限的特定场景之下，用户对于选择一款L4级别自动驾驶汽车的兴趣，也因此被减弱了。当年李彦宏坐上「自动驾驶汽车」在北京四环现场直播，结果就遭到了交管部门约谈。\n为此，百度自动驾驶不得不优先满足不同地方政府的法规要求，这也让百度自动驾驶变成了以地方政府要求为导向的自动驾驶团队。无论是合作车型选择、测试地点，以及产品研发，百度的阿波罗都很难按照最利于技术发展的节奏来考量，而是以是否能获得地方政策扶持作为第一标准。\n因此，即使L4级自动驾驶前景十分明朗，但囿于当下的驾乘感受及监管政策现实，百度最初所设想的赋能整车企业的梦想只能当作愿景缓慢推进，直至现在不得不从顶层设计层面做出战略改变——不向车企输出自动驾驶技术。\n裁判与选手的抉择\n华为HI方案为什么不被上汽所采纳？从整车企业的角度而言，必然希望能由自己来掌握个人消费市场的主导权，不想沦为智能汽车解决方案的汽车“代工厂”，从这一角度而言，车企的顾虑完全可以理解。\n但这又为百度的阿波罗计划造成了第二个困扰，如上文所言，在一开始的构想中，阿波罗借鉴了谷歌的Android系统之于整个智能手机产业的思路，企图通过开源的方式发展成为整个智能汽车产业的中枢，这就直接导致了整车企业不愿意采用其解决方案。\n因此，百度在经过一番权衡之后，于2020年底开始酝酿自己下场造车，这当然有觊觎智能汽车庞大市场潜力的心态，但同时也是出于不得已而为之的考量。最终，今年3月，百度与吉利联合推出了集度汽车，并计划5年内投入500亿元造车。\n不过，这又让百度陷入了另一个困扰——既当裁判又当运动员，这与当下华为鸿蒙系统的困境相似，如果车企采用了百度的自动驾驶方案，那么自己的命脉会不会掌握在竞争对手手里？百度在提供自动驾驶技术输出时，会不会有所偏向？\n除此之外，百度的自动驾驶方案还面临着其他选手的激烈竞争，最为突出的当属华为。极狐汽车作为华为与百度的共同合作伙伴，已经发布了基于华为HI方案的阿尔法智能汽车，依靠30年的ICT能力，华为为其提供了包括1个全新的智能汽车数字化架构和5大智能系统。在整个解决方案里，华为已经具备了“全栈”智能能力，包括芯片、操作系统、语言、地图、云计算、大数据、车路协同、自动驾驶、软件迭代升级和云端数据训练等。\n更重要的一点是，华为自2018年就已宣布不造车是公司铁律，并且多次重申这一战略不会改变，这与百度所选择的亲自下场造车完全不同，这也会成为车企在二者之间进行选择时考量的因素。\n基于上述种种考虑，徐宝强在此次媒体采访中透露，百度将选择另外一条路径，即避开车企希望掌控主导权、竞争激烈的个人消费市场，从共享汽车业务层面切入。在这方面，今年6月份极狐汽车与百度 Apollo 发布了无人共享车 Apollo Moon，价格为48万元，成本仅为其它 L4 级自动驾驶车辆的三分之一，百度认为这有望真正将 Robotaxi 带进网约车运营成本区间。\n淡化押注了8年的自动驾驶系统平台，转而选择应用前景不明朗、市场空间小、落地更困难的智能共享汽车，究竟是选择，还是不得已？相信只有百度自己更清楚了。\n集度汽车能否扛起大旗？\n如果百度转向，发展重点不再是向车企输出自动驾驶技术，那么，集度汽车很可能是百度造车梦的最终载体。从股权机构来看，百度持股份额达到了55%，除了夏一平，另有梁志翔、何俊杰、李震宇三位董事来自百度，只有安聪慧一位董事来自吉利，由此可见百度对于集度汽车有着更高的掌控力与期望。\n另外，从双方的硬性条件来说，确实是一对天成佳偶，作为互联网科技巨头，百度技术实力自然不必多说，尤其是深耕AI与自动驾驶多年。吉利方面，其2020年总销量高达132万辆，汽车生产能力非常强悍。此外，吉利自研的 SEA浩瀚汽车架构基于软件定义汽车的思路所打造，无论是硬件层、系统层还是生态层，均实现了行业内前所未有的兼容性，可以大幅缩短汽车的研发周期。因此，集度汽车才敢于喊出三年内实现量产的口号。\n同时，百度承诺未来五年内将投入500亿元进行研发，远超蔚来、小鹏、理想10亿元级别的研发投入，从这一角度而言，扎实的自动驾驶技术与长期的巨额投入，或许真的能够为集度汽车带来更优秀的市场表现。\n然而，含着金钥匙出生的集度汽车也并非完全没有隐忧。首先就是造车团队的搭建，2021年4月，夏一平预计到2022年年底，集度汽车核心团队规模将扩大到2500-3000人。\n从之前的3-4人团队，到2022年底的近3000人，团队组建几乎是从零开始。至今，集度的团队中有来自传统车企和已经在新势力融合过的人，也有来自互联网、消费电子领域的同事。这一方面带来了集度汽车在各方面的整合优势，但另一方面这样的优势也必须在充分地磨合基础上才能实现。毕竟，创业团队或多或少、或长或短都会经历一个磨合时期。\n但一个不可否认的事实是，百度体系内部关系复杂，即使曾经微软光环加身的陆奇，在调整自动驾驶业务时也造成了王劲、吴恩达等核心人员的流失，没能理顺内部关系。夏一平能在多大程度上调动内部资源，做好集度汽车尚未可知。\n其次，虽然夏一平认同智能化才是未来智能汽车的核心竞争力，“智能化不只是形态上，也是底层技术，从下至上的重构。”并把这种从下至上的重构定义为“端到端的生态”。这与目前行业的普遍共识相一致——智能汽车未来一定是与用户生活深度融合，也就是与用户其他设备构成一套「无感知」级的 IoT 生态系统，但是眼下无论是百度还是吉利，都没有为其提供生态系统赋能的能力。\n生态构建却并不是百度的强项，百度在移动端不仅软件覆盖广度和深度远远落后于阿里、腾讯，在硬件方面也缺少手机之类能够与用户产生强联系的设备，百度也至今未能建立起属于自己的一套 IoT 物联网生态系统，这都是决定着未来集度汽车是否能够获得消费者认可的关键因素。\n最后，百度与吉利的合作方式也是业界的另一担忧点。通常来说，造车周期很长，而双方选择的合资造车方式在业内很少有成功的案例，如果一旦出现合作理念分歧，将对集度汽车的影响巨大。同时，资深汽车分析师梅松林博士认为，“打造汽车品牌资金投入很大，双方是不是都有足够的耐心和实力、双方的主业是否会影响投资，都是未知数。而如果合作中遇到挑战，双方之间是否依然互相信任，同样会影响到合作。\n因此，可以说豪言3年量产的集度汽车虽是含着金钥匙出生，关乎百度的未来，但其所面临的局面却并不乐观，尤其是在自身团队尚未理顺、生态构建缺位，以及与吉利的合资造车模式，任意一项出现纰漏都将导致晚入局的百度难以后来居上。因为全力押注集度汽车，百度的自动驾驶安卓梦也几乎无疾而终。\n百度，是否一不小心，成为比亚迪CEO王传福口中“浪费三年”造车之人？","news_type":1,"symbols_score_info":{"QNETCN":0.9,"BIDU":0.9,"09888":0.9}},"isVote":1,"tweetType":1,"viewCount":1584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806754553,"gmtCreate":1627696193472,"gmtModify":1703494810016,"author":{"id":"3583541700741630","authorId":"3583541700741630","name":"Weeweess","avatar":"https://static.tigerbbs.com/242477c20840a38ec5dad0ad105d50be","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583541700741630","idStr":"3583541700741630"},"themes":[],"htmlText":"Ya","listText":"Ya","text":"Ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806754553","repostId":"2155150951","repostType":4,"isVote":1,"tweetType":1,"viewCount":1512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}