Global inflation continues to soar, and the U.S. CPI index continues to climb. U.S. President Biden this week reported that he was considering canceling some U.S.-China tariffs, worth regarding $10 billion. Inflation led to a decline in terminal demand, leading to 8-inch wafer fab utilization rates in the second half of the year. It may be even more severe. In addition, former Japanese Prime Minister Shinzo Abe was shot on Friday and was declared dead on the same day at the age of 67. The following is a review of major events this week:
Biden rumored to cancel some jobs, China tariffs worth 10 billion yuan
U.S. inflation continues to soar. U.S. President Joe Biden plans to remove some Chinese tariffs, but only considers regarding $10 billion in consumer goods. On Friday, Biden and his advisers discussed whether to cut tariffs, but no decision has been made. The Office of the United States Trade Representative (USTR) will initiate a new application process for tariff exemptions and a new Section 301 investigation into Chinese subsidies to strategic industries.
The 8-inch fab utilization rate may drop sharply in the second half of the year
Inflation is leading to a rapid slowdown in terminal consumption. The research pointed out that wafer foundries have seen a wave of order cuts. The first wave of order corrections came from large-size driver chips and touch and driver integrated chips (TDDI), and recently, power management chips (PMIC) , Image Sensor (CIS) and some Microcontrollers (MCU) slashing wave has emerged, and the 8-inch fab capacity utilization rate declined most sharply in the second half of the year.
Scandal Controversy Continues British Prime Minister Johnson’s Resignation
British Prime Minister Boris Johnson announced on Thursday (7th) that he would resign as the leader of the Conservative Party, but he will remain as prime minister until a new leader is elected. The Prime Minister of the United Kingdom is the leader of the ruling party, so Johnson’s resignation as the leader of the party also means that he will resign as the Prime Minister. Now the decision has caused dissatisfaction within the Conservative Party.
Former Japanese Prime Minister Shinzo Abe assassinated at 67
Former Japanese Prime Minister Shinzo Abe was attacked during an outdoor speech in Nara, Japan on Friday. He was shot from behind and shot in the chest by a shotgun. He fell into a state of cardiopulmonary arrest. He was declared dead at 17:03 pm on the same day. He lived 67 years. age.
Musk terminates Twitter acquisition deal
Musk, the world’s richest man, sent a letter to Twitter on Friday through his lawyers, hoping to terminate the Twitter acquisition deal, pointing out that Twitter has seriously violated multiple terms of the acquisition agreement, appeared to provide false and misleading content when Musk signed the acquisition agreement, and is likely to materially and adversely affect the company.
