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Comprehensive report by 21st Century Business Herald New Productivity Research Institute

Good morning, a new day has begun. What interesting things have happened in the technology industry in the past 24 hours? Let's take a look with 21tech.

【Giant weathervane】

1. Musk explained the reason for delaying Robotaxi.Tesla CEO Musk said he has requested important design changes to the front of the Robotaxi; the extra time gained by delaying the launch date will give the company's team a chance to "show off some other stuff."

2. Yu Chengdong reveals the secret behind the “2.5 billion yuan transfer”.Yu Chengdong, Huawei's executive director, chairman of the Terminal BG, and chairman of the Intelligent Automotive Solutions BU, responded to the reasons for the transfer of trademarks such as "Wenjie" in a live dialogue "Walking with Hui". He said: "The Wenjie brand has now been given to Seres at a very low price. (This is) because national regulations require that brand owners and manufacturers must be unified, and the brand must be owned by the manufacturer, so we transferred the four "jies" of Wenjie, Zhijie, Xiangjie, and Zunjie to the car manufacturer." Yu Chengdong also said that Huawei has invested a lot in Wenjie, and this brand is worth at least 10 billion yuan. "And even the name AITO has been transferred. It is difficult to register a four-letter brand starting with AI globally. It is a very good name."

3. Apple's annual revenue in the Indian market grew by 33%.Apple's annual sales in India reached nearly $8 billion, a record high. Apple currently assembles more devices in the market and operates two flagship stores. According to people familiar with the matter, Apple's revenue in India increased by about 33% in the 12 months ending in March this year from a year ago, from $6 billion to nearly $8 billion, of which the iPhone accounted for more than half of sales. Although India is one of Apple's fastest-growing markets, it only accounted for about 2% of the company's $383 billion in sales in the most recent fiscal year. Apple is also expanding its production in India, and the models currently produced in India include the latest iPhone 15, but not the higher-spec Pro and Pro Max models. (Cailian Press)

4. OpenAI was reported to the U.S. Securities and Exchange Commission.According to reports, someone inside OpenAI reported to the U.S. Securities and Exchange Commission (SEC) that the company required employees to sign confidentiality agreements and required employees to waive their federal rights to receive compensation as whistleblowers to ensure that the company's security issues are not discovered. The whistleblower claimed in the letter that OpenAI and its employees had signed extremely harsh employment, severance and confidentiality agreements, and that employees who raised OpenAI-related issues to the U.S. government would be punished; and that employees must obtain OpenAI's permission before reporting their personal concerns to federal agencies. The whistleblower therefore asked the SEC to review all OpenAI contracts that contain confidentiality agreements and impose fines on each improper agreement reached. The letter of complaint was sent on July 1, but only came into public view last week. It was provided by the office of Iowa Senator Chuck Grassley of the U.S. Congress. (Cailian News Agency)

5. Ericsson and OPPO signed a global patent cross-licensing agreement.Ericsson and OPPO have signed a multi-year global patent cross-licensing agreement. The agreement includes cooperation in global patent cross-licensing, technical cooperation and market promotion. Among them, the global patent cross-licensing covers the cellular communication standard essential patents of both parties, including 5G standards. In addition, OPPO and Ericsson will also carry out business cooperation on some 5G-related projects, including equipment testing, customer interaction and marketing activities. Ericsson said that the financial benefits of the agreement have been reflected in the second quarter of 2024 financial results.

6. Nokia and Telecom Egypt reached cooperation on 5G technology.Nokia has announced a new partnership with Telecom Egypt to bring 5G technology to Egypt for the first time, with deployment set to take place later this year.

7. Ant Group cooperates with BNP Paribas to carry out cross-border payment business.Douglas Feagin, President of Ant International, and Pierre Fersztand, Global Head of Cash Management, Payments, Trade Solutions and Factoring at BNP Paribas, signed a memorandum of understanding (MoU) in Zurich. The two parties agreed to develop a number of important plans. BNP Paribas will cooperate with Ant International on digital payment and other businesses. BNP Paribas will cooperate with "Alipay+" operated by Ant Financial to allow merchants in Europe using BNP Paribas' acquiring services to accept payments through "Alipay+". (Interface)

8. Meituan drones are developing park scenarios in Shanghai.Meituan UAV's Shanghai Huangxing Park route has entered the trial operation stage. This is the first time that the team has carried out delivery in a park scene in Shanghai. According to reports, the new route starts from the Wujiaochang business district, and it takes about 10 minutes to airdrop popular restaurants in the business district to Huangxing Park, 2 kilometers away. The head of Meituan UAV's business strategy said that the team has already tried out drone delivery services in some municipal parks, and consumers only need to go to the designated airdrop cabinet in the park to pick up their meals. As of the end of June 2024, Meituan UAV has opened 31 routes in cities such as Shanghai, Shenzhen, and Guangzhou, completing more than 300,000 user orders, and its services cover a variety of scenarios such as offices, communities, and municipal parks.

9. China's first fully electric propulsion communications satellite, Asia-Pacific 6E, was successfully put into operation.According to the China Aerospace Science and Technology Corporation, the first domestically-propelled all-electric communication satellite, APSTAR-6E, has successfully passed the satellite in-orbit technical acceptance review and the final ground system technical acceptance review in Hong Kong, marking the completion of the in-orbit test of the APSTAR-6E communication satellite and its official operation. The APSTAR-6E communication satellite was developed by the Fifth Academy of the China Aerospace Science and Technology Corporation. The project is the thirteenth in-orbit delivery project of the communication satellite provided by the China Great Wall Industry Corporation to domestic and foreign users. It is operated by the Hong Kong APSTAR Satellite Co., Ltd. and entrusted to the Hong Kong APSTAR Satellite Co., Ltd. for measurement and control management. The APSTAR-6E communication satellite focuses on the Southeast Asian market and provides the region with cost-effective high-throughput broadband communication services.

10. Shenzhen South Circuit now has the capacity for mass production of 14-layer and below FC-BGA packaging substrates.Shenzhen South Circuit said on the interactive platform that the company's FC-BGA package substrate products with 14 layers and below are now capable of mass production, and products with more than 14 layers are capable of sample manufacturing. The production line verification introduction, sample delivery and certification corresponding to each stage of products are progressing in an orderly manner. The first phase of the company's Guangzhou package substrate project for FC-BGA and other substrate products was put into production in the fourth quarter of 2023 and is currently in the stage of capacity ramp-up. In the process of capacity ramp-up, the assets or expenses formed by the initial investment have begun to depreciate and amortize, but due to limited production, the fixed cost per unit product is relatively high, which will have a certain negative impact on the company's profits.

11. Exclusive supplier of Turnip Run P-Box? Huace Navigation responded.Huace Navigation said on Interactive after the market that the company has reached a cooperation with Baidu and is the exclusive supplier of P-Box products for Baidu's sixth-generation unmanned vehicle, Carrot Run. A person related to Huace Navigation responded that the value of product supply is not convenient to disclose. However, P-Box can be understood as a form of GPS. It will provide a high-precision location for the vehicle, provide strong reference location information for the car's automatic driving and intelligent judgment, and help the algorithm determine the direction of automatic driving. When it comes to the impact on the company's performance, the person said that P-Box is mainly used for a one-time fee. At present, this business accounts for a relatively small proportion of the company's overall revenue, with revenue of about tens of millions of yuan last year.

12. Yanshan Technology's large EEG model and some products for non-organic brain diseases are close to being launched on the market.Yanshan Technology stated on the investor interaction platform that Nullmax, a subsidiary of the company, is committed to creating full-scenario unmanned driving applications. It has formed an intelligent driving technology solution with vision as the main and multi-sensor fusion perception, which can provide vehicles with full-stack software algorithm applications throughout the vehicle and the cloud, provide intelligent driving functions covering up to L4 level, and support platform applications. Nullmax has established in-depth cooperation with many well-known automobile manufacturers for mass production, and has obtained designated mass production projects from many domestic automobile manufacturers. In addition, the Yansi Brain Research Institute is continuing to develop and research large EEG models and non-organic brain disease-related products, and some products are close to being launched on the market.

13. Agency: Global smartphone sales will increase by 6% year-on-year in the second quarter of 2024.According to Counterpoint Research, global smartphone sales in the second quarter of 2024 increased by 6% year-on-year, the highest year-on-year growth rate in three years. This is also the third consecutive quarter of growth in the market. The top five brands in the world are the same as in previous quarters, namely: Samsung, Apple, Xiaomi, vivo, and OPPO. Among them, Xiaomi is the fastest growing brand in the second quarter, with a year-on-year growth of 22%; vivo ranks first in China and India, the two largest smartphone markets in the world.

【The most core news】

1. French competition authority confirms investigation into Nvidia.The French Competition Authority confirmed that it is investigating chipmaker Nvidia for suspected anti-competitive behavior. Benoit Coeure, president of the French Competition Authority, said the company would be charged if the investigation yielded any results. (Interface)

2. SK Hynix China has been removed from the list of abnormal operations.The reporter learned from sources that SK Hynix Semiconductor (China) Co., Ltd. was removed from the list of abnormal operations by the local market supervision bureau on July 15. After verification, the company has fulfilled its relevant obligations. After applying for credit repair on July 15, the Wuxi National High-tech Industrial Development Zone Market Supervision Bureau removed it from the list of abnormal operations on the same day. Tianyancha's business risk information shows that recently, SK Hynix Semiconductor (China) Co., Ltd. was included in the list of abnormal operations by the Wuxi National High-tech Industrial Development Zone (Xinwu District, Wuxi City) Market Supervision Administration for failing to publicize its annual report within the prescribed time limit. The company was established in April 2005, and its business scope includes the production, processing, and sales of 8-inch and 12-inch integrated circuit chips. (Science and Technology Innovation Board Daily)

3. Former U.S. Secretary of Transportation Elaine Chao joins Mobileye’s board of directors.Mobileye, a provider of driver assistance and autonomous driving technology, announced that Elaine Chao, formerly the 18th U.S. Secretary of Transportation and the 24th U.S. Secretary of Labor, has joined the company's board of directors as an independent director.

4. BOE responded to the sharp drop in its stock price in early trading.On July 15, BOE A's stock price plummeted by 6.51% in early trading, with a net outflow of 788 million yuan. Regarding the sharp drop in stock prices, a person from BOE A's investor relations department said, "The company's production and operation are normal, and there is no information that should be disclosed but has not been disclosed. The company released a performance forecast last week, which may cause investors' investment (market) fluctuations." Regarding the market's view that the company's performance is not as good as expected, the person responded that different investors have different interpretations. In the first half of the year, the LCD business was mainly due to TV price increases, but the company's equity ratio of the two 10.5-generation lines is less than half, which may have some impact. At the same time, the overall demand for OLED in the second quarter, including the product structure, may not be as good as in the first quarter. Coupled with depreciation, there is overall pressure on OLED in the second quarter.

5. Agency: Shipments of large-size OLED panels will increase by 125% in 2024.Omdia data shows that shipments of OLED panels larger than 9 inches (large-size displays) will increase by 124.6% in 2024. In 2023, the market shrank by 25.7%. Omdia said that shipments will increase in all application areas in 2024, including TVs, monitors, tablets and laptops, and only sales in the "other" category will decline. In particular, tablet OLED shipments are expected to increase by 294% from 2023, largely due to Apple's adoption of OLED in the 2024 iPad Pro tablet; notebook OLED shipments will increase by 152.6%; monitor OLED shipments will increase by 139.9%; OLED TV panel shipments will increase by 34.8%.

【Listing Capital Flow】

1. The second phase of the Big Fund invested in the wafer fab.Tianyancha shows that on July 13, Chongqing Xinlian Microelectronics Co., Ltd. underwent a number of industrial and commercial changes, including the addition of new shareholders Chongqing Manufacturing Transformation and Upgrading Private Equity Investment Fund Partnership (Limited Partnership) and National Integrated Circuit Industry Investment Fund Phase II Co., Ltd. Chongqing Xinlian Microelectronics Co., Ltd. is positioned as a leading specialty process wafer factory in the western region, aiming to build an industry-leading automotive-grade chip manufacturing company. It is a nationally funded 12-inch high-end specialty integrated circuit process line project. The first phase of the project has a planned production capacity of 20,000 pieces, and is committed to becoming an important strategic backup for the country's integrated circuits in the west.

2. Xinchi Technology received a strategic investment of 1 billion yuan.The global headquarters of CoreDrive Technology has officially settled in Beijing Economic and Technological Development Zone, and has received a strategic investment of 1 billion yuan from the Economic and Technological Development Zone and Beijing municipal governments. CoreDrive Technology was founded in June 2018. Just three months later, CoreDrive Technology received a total of 100 million yuan in angel round investments from a number of internationally renowned investment companies, including Sequoia Capital, Walden International, Lenovo Capital, etc. Before this investment, CoreDrive Technology had completed a total of 6 rounds of financing, and investors also included Walden International, Matrix Partners China, Sequoia China, Lenovo Capital, and other institutions, as well as industrial capital such as CATL. Official data shows that as of now, CoreDrive Technology has achieved mass production and shipment of nearly 6 million automotive-grade chips in the fields of smart cockpits and smart vehicle control, with more than 70 mass-produced models.