China Begins To Subsidize Auto Purchases To Revive Collapsing Sales

A China Automobile Dealer’s Association poll shows that dealers predict a drastic drop in sales of 50% to 80% this month, compared to February 2019. 70% of dealers have said they have seen “almost no customers” since the end of January.  As China remains on lockdown due to the coronavirus, some Chinese cities are beginning … More China Begins To Subsidize Auto Purchases To Revive Collapsing Sales

SEMI Equip Growth Continued Through Year-End, Coronavirus Looms

February 18, 2020 By Walt Custer SEMI Data through December showed a steady recovery in the global electronics supply chain with SEMI equipment leading the way in 3/12 growth (Chart 1). The global purchasing managers index moved into expansion territory (PMI>50) in January indicating accelerating growth in world manufacturing activity (Chart 2). But in late … More SEMI Equip Growth Continued Through Year-End, Coronavirus Looms

Copper Prices Bounce On China Stimulus

Copper prices hit a three-week high this morning as China, the world’s largest copper consumer, lowered a key interest rate to cushion the impact from the coronavirus outbreak. China’s central bank lowered the rate on a one-year medium-term lending facility (MLF) loans.  Policymakers said on Saturday Chinese lenders will tolerate a higher level of bad … More Copper Prices Bounce On China Stimulus

Tesla Hardware 3: “It could end the auto industry supply chain as we know it”

Toyota and Volkswagen each sell over 10 million cars annually. Tesla delivered close to 370,000 in 2019.  In terms of electronics technology, however, Tesla is light years ahead of the industry leaders. According to Nikkei, Tesla’s integrated central control unit, or “full self-driving computer,” also known as Hardware 3, is the company’s biggest advantage in … More Tesla Hardware 3: “It could end the auto industry supply chain as we know it”

Hon Hai Leads Revenue Decline Of Taiwan Stock Exchange Listed Companies

The combined revenue of companies listed on the Taiwan Stock Exchange (TWSE) fell 10.73 percent last month from a year earlier to NT$2.46 trillion (US$81.85 billion) due to weak demand and a high comparison base. This compares to the 0.98 percent growth a month earlier and a mild decline of 0.04 percent for last year, … More Hon Hai Leads Revenue Decline Of Taiwan Stock Exchange Listed Companies

U.S. Industrial Production Fall -0.3% In December, Electronics Up

The Federal Reserve Board reported Industrial Production this morning, Industrial production declined 0.3 percent in January, as unseasonably warm weather held down the output of utilities and as a major manufacturer significantly slowed production of civilian aircraft. The index for manufacturing edged down 0.1 percent in January; excluding the production of aircraft and parts, factory … More U.S. Industrial Production Fall -0.3% In December, Electronics Up

Nvidia Reports 41% Y/Y Revenue Growth, 3% Sequential

Artificial intelligence and graphics chipmaker Nvidia reported its 2020 Q4 earnings after the market close today (fiscal quarter ends on January 26th, 2020).  The company announced revenues of $3.11 billion for the quarter, a jump of 41 percent from the year-ago and a 3 percent increase from the third quarter.   The stock is trading 6.5 … More Nvidia Reports 41% Y/Y Revenue Growth, 3% Sequential