Taiwan stock exchange double kill, the market fell nearly 5% this week, fell 1670 points in September, andTaiwan dollarAfter hitting a 5-year low, Micron is bearish on the chip market, cutting capital and equipment spending throughout the year. In addition, TSMC will hit a wall when adjusting prices next year, and even Apple refuses to raise prices. Here’s a recap of this week’s events:
Taiwan stocks hit a 2-year low Taiwan dollarClose to 31.9 yuan, a more than 5-year low
Global stock markets tumbled, and major U.S. stock indexes entered a bull market one following another. Taiwan stocks also fell 4.9% this week, dropping to 13,274 points at one point. The index hit a new low in nearly two years.Taiwan dollarHeavy depreciation, once reaching 31.9 yuan, a new low in more than 5 years.
Micron’s financial forecast is inferior to cut at least 30% of annual capital expenditure and 50% of wafer equipment expenditure
Micron, a major memory manufacturer, released its financial report and forecast following the market on the 29th, which failed to meet market expectations, highlighting that the chip market is even more sluggish. Cut capital expenditures by at least 30% this fiscal year and cut wafer equipment spending by 50%.
Apple is also uncomfortable with TSMC’s price hike, calling the IP factory dividends ebb
TSMC originally planned to raise its price once more next year, but recently it has been reported in the market that Apple, a major customer, has taken the lead in rejecting TSMC’s price increase, which means that even the world’s largest companies are feeling the cold wind of the boom. The operating growth of IP) may be limited at the same time, and the price increase dividend originally expected by the market will also fail.
Hon Hai expands overseas electric vehicle layout in Mexico and other countries
Hon Hai announced on the 28th that it will increase the capital of its subsidiaries FOXTEQ SINGAPORE PTE. LTD. and PCE Technology de Juarez SA de CV with a total of US$558 million, approximatelyNew Taiwan Dollar 17.8 billion yuan to expand the layout of overseas electric vehicles such as Mexico.
Zheng Shenchi resigns as Evergreen International Director Zhang Guowei leaves UNI Air
Evergreen International announced on the 27th that Zheng Shenchi, the son-in-law of Zhang Rongfa, the founder of Evergreen Group, resigned as the chairman of the company. His statement stated that the phased tasks have come to an end, so he has withdrawn from any affairs related to the management rights of Evergreen; Zhang Guowei also announced his resignation as chairman and will focus on Xingyu Airlines in the future.
Apple rumored that the iPhone 14 will increase production and call card supply chain people: the total number of orders remains unchanged
The market reported that Apple’s new iPhone 14 production increase plan was stopped. Supply chain sources revealed that Apple’s total orders remained unchanged, but the iPhone 14 Pro series was allocated more orders. Well-known analyst Ming-Chi Kuo also questioned Apple’s abandonment of production increases. rumors.
Brand inventory declines, manufacturers expand production and reduce Q4 TV panels are expected to stop falling
The panel industry is affected by the global economic downturn and low volume and price this year, and the peak operating season in the third quarter is not prosperous. However, following manufacturers have made major moves to adjust their inventories, the market research agency Sigmaintell believes that the decline in brand inventories and the expansion of panel factories to reduce production Under the support of these two factors, the market supply and demand will gradually stabilize, and the prices of various applications of large-size panels in the fourth quarter are expected to stop falling in stages.
Nike’s warning inventory adjustment will impact the footwear and apparel supply chain in the first half of next year
Nike announced the financial report for the first quarter of the 2023 fiscal year (ending on August 31) on the 30th. At the meeting, it said that the inventory in the first quarter increased sharply, and it is expected to be actively reduced from the second quarter. Look at the second half of the year (from the end of the year to the first half of next year) There are still risks, and the pull force of global suppliers will continue to be tightened, and the market outlook for Taiwanese shoe and garment suppliers may be affected.
