Overseas & inciting
The European Union announced the Chip Act, which plans to significantly increase the share of chip production.
On February 8, local time, the European Commission announced the Chip Act, which has attracted much attention from the outside world, and plans to greatly increase the EU’s share of chip production in the world. According to the bill, the EU will invest more than 43 billion euros in public and private funds to support chip production, pilot projects and start-ups. Among them, 11 billion euros will be used to strengthen existing research, development and innovation to ensure the deployment of advanced semiconductor tools and experimental production lines for prototype design and testing. By 2030, the EU plans to increase its share of global chip production from the current 10% to 20%. (CCTV News)
LG New Energy plans to increase the production capacity of the Michigan plant by five times.
According to reports, the Holland City Council of Michigan recently approved the tax reduction plan for LG New Energy, the world’s second largest battery manufacturer, to invest and expand its local factory. As a result, most local taxes and state taxes will be exempted from the factory for 20 years. According to the business plan submitted by South Korean battery giant LG New Energy to Holland, LG plans to spend 1.7 billion US dollars (about 10.82 billion yuan) to make the annual battery production capacity of local factories reach 25GWh by 2025, which is 5 times higher than the current 5GWh. (Sina Technology)
Austrian anti-monopoly court "gives a green light" to Facebook’s acquisition of animation platform Giphy.
According to reports, an anti-monopoly court in Austria conditionally approved Facebook’s acquisition of Giphy, an animation platform. This is good for Facebook. Earlier, the British antitrust regulator said that Facebook must sell Giphy because the deal will not be conducive to competition in social media platforms and display advertising. In 2020, Facebook acquired Giphy for $315 million and integrated it with its Instagram. (Sina Technology)
Frontier Airlines and Spirit Airlines announced the merger.
On February 7, local time, Frontier Airlines and Spirit Airlines, the two largest low-cost airlines in the United States, agreed to merge, which will become the fifth largest airline in the United States. According to reports, according to the merger agreement, the transaction is worth 6.6 billion US dollars, Frontier Airlines will own 51.5% of the shares of the merged company, while Spirit Airlines will own the remaining 48.5%. At present, the name of the merged airline, the candidate for CEO and the location of the airline headquarters are still uncertain. (CCTV News)
Apple acquires AI Music, an AI music company in London.
According to reports, Apple acquired a London startup called AI Music, which uses AI technology to generate customized music. AI Music was established in 2016 and the acquisition transaction has been completed in recent weeks. Before the transaction, AI Music had about 20 employees. AI Music uses royalty-free music and AI technology to create customized music. Its original intention is to make dynamic audio tracks based on user interaction. For example, in a video game concert, the music can be adjusted according to the intensity during exercise according to the mood changes. (Sina Technology)
Company & Dynamic
Softbank announced that it would terminate the sale of ARM to NVIDIA and prepare for IPO.
Softbank Group announced that on February 8, 2022, the company and NVIDIA agreed to terminate the previous agreement on the sale of ARM and prepare for the initial public offering (IPO) of ARM. Softbank said that according to the agreement reached on September 13, 2020, the deposit of $1.25 billion paid by NVIDIA to Softbank will not be refunded and will be included in the profit in the fourth quarter of this fiscal year. In addition, Softbank and ARM will prepare for ARM’s IPO in FY 2022 (as of March 31, 2023) respectively. (Phoenix Net Technology)
Anke biotechnology: It is planned to buy back shares for 40 million yuan to 60 million yuan.
Anke biotechnology announced that the company intends to use its own funds to buy back some shares of the company by centralized bidding, and all the repurchased shares will be used to implement equity incentive or employee stock ownership plan. The repurchase amount is not less than 40 million yuan and not more than 60 million yuan, and the repurchase price is not more than 12 yuan/share.
Haitong Securities: It is expected that A-shares will be dominated by structural market.
Haitong Securities pointed out that the domestic economic prosperity has dropped slightly, the policy of steady growth is expected to continue to heat up, overseas markets generally pick up during the long holiday, and the A-share market is expected to stabilize and rebound. Since the beginning of the year, the risk appetite in the A-share market has continued to weaken due to the tightening expectation of overseas monetary policy and the risk aversion factors before the capital festival. Before the Federal Reserve’s meeting on interest rates in March, it is expected that A-shares will still be dominated by structural market. However, the overall valuation of A-shares is reasonable, and the "steady growth" policy will be fully exerted, focusing on industries such as real estate, building materials, home appliances and construction that typically benefit from the "steady growth" policy, as well as new infrastructure such as wind power and photovoltaic. (CBN)
CICC: It is estimated that the price of industrial silicon may be high before and low after 2022.
The research report of CICC believes that the price of industrial silicon may rebound after the year, and we are optimistic about the market in 2022. Industrial silicon will face a shortage after consuming the previous inventory, and the price may go up again. In the second half of the year, the shortage of the industry will be greatly alleviated due to the commissioning of the 400,000-ton project of Hesheng Shanshan. On the whole, it is estimated that the price of industrial silicon may be high before and low after 2022. In the next five years, polysilicon (demand CAGR+20%) and silicone (CAGR+9%) will promote the rapid growth of industrial silicon demand, and the industry has long-term growth value. (Securities Times)
Founder Securities: The performance of upstream and middle enterprises in the military industry chain is expected to take the lead in welcoming a new round of growth.
Founder Securities Research Report believes that the upstream enterprises in the military industrial chain and some enterprises in the middle reaches of the industrial chain have short production cycle and early revenue recognition, and their performance first reflects the prosperity of the industry. Their downstream customers are scattered and their supply is relatively concentrated, with strong bargaining power and less pressure to reduce prices. In the short term, the prosperity of the military industry will continue in 2022, and the performance of enterprises in the middle and upper reaches of the military industry chain is expected to take the lead in welcoming a new round of growth, or it will be reflected in the first quarterly report; In the medium and long term, China’s military industry will continue to be in a high boom stage in the "14 th Five-Year Plan", and the performance of middle and upper reaches of military enterprises is expected to continue to grow rapidly. (Securities Times)
Guotai Junan: It is expected that the price of lithium will continue to rise after the Spring Festival.
Guotai Junan pointed out that the price of lithium plate continued to rise. Due to the approach of the Spring Festival, logistics stopped gradually last week, and new trading orders stopped one after another, with few transactions, but only a small amount of quotations have been raised to more than 390,000 yuan/ton of battery-grade lithium carbonate. Spot transaction price list: battery-grade lithium carbonate is 370,000-375,000 yuan/ton, industrial-grade lithium carbonate is about 360,000 yuan/ton, and battery-grade lithium hydroxide is 300,000-330,000 yuan/ton (with the increase). It is expected that the price will continue to rise after the Spring Festival, and it is optimistic that the transaction price of mainstream lithium will reach 400,000 yuan/ton in February. (CBN)
Capital & Venture Capital
The customized graphene product R&D supplier "Morui Technology" has completed over 100 million yuan in Series B financing.
Recently, Morui Technology, a customized graphene product R&D supplier, announced that it has completed the B round of financing of over 100 million yuan. The two rounds of financing were led by Chendao Capital and Yuexiu Industrial Fund respectively, and Potential Energy Capital served as the exclusive financial advisor for several consecutive rounds. Zhao Hongzhong, CEO of Morui Technology, said that this round of financing funds will be used for production line construction, product research and development and business development.
DaaS software manufacturer "Maicong Software" received tens of millions of yuan in Pre-A round of financing.
Maicong Software, a DaaS (Data as a Service) software manufacturer, has recently received tens of millions of Pre-A rounds of financing, with joint investment from Dark Horse Fund and Aggregate Capital. According to founder Cheng Zhiguo, this round of financing is mainly used for upgrading the bottom of technology, further expanding product lines, ecological construction and marketing.
The medical digital product platform "Yimai Medical" won tens of millions of yuan in Series A financing.
Recently, the medical digital product platform "Yimai Medical" completed tens of millions of series A financing, which was led by Shangyuan Capital and followed by CITIC Venture Capital; The team invested about 10 million yuan. This round of financing is mainly used to improve the whole series of orthopedic product lines, marketing and promotion.
The unmanned retail brand "Feng E Zu Shi" completed 300 million yuan A round of financing.
The unmanned retail operator "Feng E Zu Shi" (Fengyi Technology Co., Ltd.) has completed a round of financing of 300 million yuan. This round of financing was led by SoftBank Ventures Asia, followed by CICC Cultural Consumer Industry Equity Investment Fund under CICC Capital and Shenzhen Innovation Investment Group. After this round of financing, SF related party Mingde Holdings and Softbank Asia tied for the largest shareholder. The financing funds will be mainly used for accelerating scale growth, improving operational efficiency and service quality.
The industrial software enterprise "Huatian Software" completed hundreds of millions of yuan in Series C financing.
The industrial software company "Huatian Software" recently announced the completion of the C round of financing of nearly 400 million yuan. This round of financing was led by Junlian Capital, followed by many investment institutions such as Fengnian Capital, Huakong Fund, Lingang Venture Capital, Hetian Fund, Huayi Venture Capital, Qingsong Capital and Electric Capital. This round of financing is mainly used for continuous investment in research and development of high-end 3D CAD products and investment in global marketing layout.