An ASML exclusive and Foxconn in Mexico

Financial Times10-10

Hello everyone, this is Cissy in Hong Kong. In China, there’s a saying that when inexperienced investors start playing the stock market, it’s time to get out. Events of this past week seem to back up ...

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Events of this past week seem to back up ...</p>\n\n<a href=\"https://finance.yahoo.com/news/asml-exclusive-foxconn-mexico-073619511.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","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>An ASML exclusive and Foxconn in Mexico</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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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\">\nAn ASML exclusive and Foxconn in Mexico\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-10 15:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/asml-exclusive-foxconn-mexico-073619511.html><strong>Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hello everyone, this is Cissy in Hong Kong.\nIn China, there’s a saying that when inexperienced investors start playing the stock market, it’s time to get out. Events of this past week seem to back up ...</p>\n\n<a href=\"https://finance.yahoo.com/news/asml-exclusive-foxconn-mexico-073619511.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HNHPF","symbol_name":"Hon Hai Precision Industry Co. Ltd.","start_time":0,"source_url":"https://finance.yahoo.com/news/asml-exclusive-foxconn-mexico-073619511.html","article_id":"2474793233","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474793233","pubTimestamp":1728545779,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Hello everyone, this is Cissy in Hong Kong.In China, there’s a saying that when inexperienced investors start playing the stock market, it’s time to get out. Events of this past week seem to back up that notion.Spending on chip production equipment has long been viewed as a key barometer of the outlook for chip demand and production capacity growth. Asia accounted for 84 per cent of ASML’s revenue last year, with Taiwan its largest individual market, followed in the region by China, South Korea, Japan and Singapore. The U","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HNHPF":"Hon Hai Precision Industry Co. Ltd.","LU0097036916.USD":"贝莱德美国增长A2 USD","HNHAF":"Hon Hai Precision Industry Co. Ltd.","BK4585":"ETF&股票定投概念","LU1734074674.USD":"NINETY ONE GSF ASIA PACIFIC FRANCHISE \"A\"(USD) ACC","BK4145":"电子制造服务","BK4147":"半导体设备","BK4588":"碎股","LU2063271972.USD":"富兰克林创新领域基金","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","ASML":"阿斯麦","FT":"富兰克林通用信托","NVDA":"英伟达","03165":"华夏欧优股对冲","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC"},"translate_title":"ASML独家产品和富士康在墨西哥","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASML":1,"FT":1,"HNHAF":0.9,"HNHPF":0.9,"NVDA":0.8,"03165":0.6},"content_text":"Hello everyone, this is Cissy in Hong Kong.\nIn China, there’s a saying that when inexperienced investors start playing the stock market, it’s time to get out. Events of this past week seem to back up that notion.\nHong Kong shares plummeted on Tuesday, the day mainland markets reopened after the seven-day Golden Week holiday. Someone I know of, who isn’t an experienced stock trader, had borrowed heavily to invest in Hong Kong-listed Chinese property stocks last Thursday, but on Tuesday, he suffered heavy losses as his leveraged position meant he was forced to liquidate his holdings.\nThat person wasn’t alone in such risky behaviour. In this stimulus-triggered, casino-like market, I heard of another investor who took out online loans during the holiday and went all-in on Tuesday morning on a highly volatile Shenzhen-listed stock that had already surged 18 per cent for fear of “missing out on the once in a lifetime opportunity”. But he ended up with significant losses after the benchmark indices experienced their largest daily declines since 2020. Reflecting on his losses, he said he was “badly misled by all these online posts, and I can only blame myself”.\nEven college freshmen and delivery workers were joining the frenzy, while influencers were telling their followers to jump on the bandwagon and keep buying. China’s economic downturn, triggered by a property crisis, only exacerbated the situation. With their property investments continuing to depreciate, many people had become desperate for returns.\nFor most of the time that mainland markets were closed, Hong Kong shares were rallying. Some Chinese semiconductor stocks almost doubled in market capitalisation from late September, when Beijing announced new economic stimulus measures. Investors bought in at these inflated prices, only to end up losing money a few days later.\nThe frenzy brings to mind the stock crash of 2015, which had far-reaching consequences both domestically and internationally. An economist told me, however, that the current correction may not be a bad thing, as cooling the stock frenzy and averting a serious crash is a crucial step towards revitalising China’s economy.\nIrreplaceable Asia\nAsia will remain the centre of the chip industry despite the build-up of chip production in the west, Christophe Fouquet, president and CEO of Dutch chip production equipment maker ASML, told Nikkei Asia’s Cheng Ting-Fang in an exclusive interview.\nEven with the launch of new chip plants in the US and Europe backed by subsidies and tax incentives, semiconductor capacity is growing faster in Asia and the region will remain the leader in production for many years to come, Fouquet said.\nSpending on chip production equipment has long been viewed as a key barometer of the outlook for chip demand and production capacity growth. Asia accounted for 84 per cent of ASML’s revenue last year, with Taiwan its largest individual market, followed in the region by China, South Korea, Japan and Singapore. The US and Europe generated 12 per cent and 4 per cent, respectively, of the company’s sales.\nIn his view, Europe and the US should only use the incentives temporarily to create time and space to solve the more structural challenges, and cost-effectiveness should be key for long-term development.\nAmerica’s attraction\nChinese artificial intelligence start-ups are stealthily launching products in the US, which has a larger pool of high-spending users than their home market.\nMiniMax, ByteDance and 01.ai are among a group of Chinese tech companies that have entered the US market with AI apps, seeking to emulate TikTok’s success, writes the Financial Times’ Eleanor Olcott.\nThe biggest breakout app has been Talkie, from Shanghai-based MiniMax, which has told investors it will net about $70mn in sales this year, a lofty projection by the standards of AI start-ups that have struggled to monetise their technology.\nThat Chinese AI apps are gaining traction overseas underscores the potential for the country’s tech groups to launch competitive products, despite Washington’s restrictions on the highest-end chips used to power model training.\nUnbreakable ambitions\nThe Japanese government will support the development of quantum encryption technology, an effort expected to involve tens of billions of yen (¥10bn equals $68mn) in public-private investment over the next five years, writes Nikkei’s Kiu Sugano.\nJapan and others are in a race against time to prepare for the emergence of quantum computers, which are expected to enter into practical use in 2030. Experts warn that these computers will be able to crack all current encryption techniques, making new forms of data protection a key issue.\nQuantum encryption involves the transfer of encrypted data with a key converted into photons through fibre optic cables. Cracking this type of encryption is theoretically impossible since any attempt to steal data from the key would change the state of the photons and alert the system.\nJapanese companies possess world-class technology in terms of key generation speed and transmission distance, but other countries have taken the lead in researching practical applications for quantum encryption.\nMade in Mexico\nAs the AI boom continues, Foxconn is building a gigantic AI server manufacturing facility in Mexico to meet the “crazy” demand for Nvidia’s next-generation Blackwell chips, writes Nikkei Asia’s Lauly Li.\nNvidia’s GB200 server system is powered by its Grace Blackwell “superchip” and is the most powerful AI server system to date and Foxconn will start shipping a “small volume” of the GB200 systems in the final quarter of this year. The company did not provide a timeline for when the Mexico facility will come online.\nA major iPhone assembler, Foxconn is also the world’s largest server maker, accounting for 40 per cent of the global market. The company’s server business has been its strongest driver of revenue growth this year amid a slowdown in the smartphone market.\nFoxconn Chairman Young Liu said on Tuesday that the company’s diverse manufacturing footprints for servers will become more critical going forward as governments look to bring production of sensitive tech hardware closer to home for national security reasons.\nSuggested reads\n\nCryptocurrencies flying high in India despite tough regulations (Nikkei Asia)\nSamsung issues public apology after falling behind on AI (FT)\nMediaTek launches AI smartphone chipset with latest TSMC 3-nm tech (Nikkei Asia)\nShein’s UK arm surpasses Â£1.5bn revenue mark (FT)\nNorth Koreans harness AI, fake American IDs to land remote IT work (Nikkei Asia)\nThe perils of America’s chips strategy (FT)\nAI to turn ‘Dragon Ball,’ ‘Gundam’ voices into English, Chinese (Nikkei Asia)\nBaidu plans Apollo Go global expansion as Tesla prepares to unveil robotaxi (Nikkei Asia)\nThe Nintendo Museum should be a gamer’s paradise. But there’s a bug in the system (FT)\nHonda showcases EV megacasting tech in race against Tesla (Nikkei Asia)\n\nCopyright The Financial Times Limited 2023\n© 2023 The Financial Times Ltd. All rights reserved. Please do not copy and paste FT articles and redistribute by email or post to the web.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474793233"}