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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. SERES announced its plan to invest in Huawei’s new automotive BU company.On the evening of July 28, SERES issued an announcement that it plans to invest in Shenzhen Yinwang Intelligent Technology Co., Ltd. The company has initiated negotiations with Yinwang and its shareholders to join the investment in Yinwang, and jointly support Yinwang to become a world-class leader in the automotive intelligent driving system and components industry, and become an open platform serving the automotive industry. If this transaction is completed, Yinwang will become a subsidiary of the company, and the scope of the company's consolidated financial statements will not change. As of now, Huawei Technologies Co., Ltd. holds 100% of Yinwang. On January 16 this year, Shenzhen Yinwang Intelligent Technology Co., Ltd., which is wholly owned by Huawei Technologies Co., Ltd., was established. Its main business scope includes automotive intelligent driving solutions, automotive intelligent cockpits, intelligent vehicle control, intelligent vehicle cloud, and vehicle-mounted lights. Huawei has confirmed that the new company is the new Huawei Auto BU company announced earlier.

2. Apple’s upcoming AI features will be released later than the initial release of iOS 18.Apple's upcoming artificial intelligence features will be launched later than expected, missing the debut of its upcoming major iPhone and iPad software updates, but giving the company more time to fix bugs. The company plans to start rolling out Apple Intelligence to users as part of a software update by October, according to people familiar with the matter. This means that the artificial intelligence features will be launched a few weeks after iOS 18 and iPadOS 18, which are scheduled to be released in September. Despite this, Apple still plans to make Apple Intelligence available to software developers for early testing for the first time through iOS 18.1 and iPadOS 18.1 betas as early as this week. (Cailian News Agency)

3. Starting from September 1, Tmall will completely cancel the annual fees for merchants.Tmall announced that it will cancel the platform's annual software service fee from September 1: new merchants joining from September will not need to pay; for merchants who have already paid the annual fee, Tmall will refund them in batches according to settlement rules. Previously, merchants in different categories of Tmall had to pay an annual fee of 30,000 to 60,000 yuan per year. After the exemption, new merchants who join Tmall after September 1, 2024 will no longer need to pay this fee. At the same time, for merchants whose operating turnover reaches the annual target from January to August 2024, Tmall will refund the annual fee in full.

4. Fuyao Glass responded that its US subsidiary would cooperate with local investigations.Fuyao Glass announced that its wholly-owned subsidiary Fuyao America, located in Morean, Ohio, accepted a search by the U.S. government agency at around 10 a.m. local time on July 26. Fuyao America is mainly cooperating with the U.S. government agency's ongoing investigation into a third-party labor service company. According to the U.S. government agency, Fuyao America is not the target of the investigation. At around 5 p.m. that day, the U.S. government agency completed their on-site work and left. Fuyao America will fully cooperate with the U.S. government agency's investigation. During the above-mentioned search, some of Fuyao America's production operations were suspended on that day, but the transportation and delivery of goods were not affected. After the search, normal operations were resumed on that day, and production and operations are currently normal.

5. Apple will comply with voluntary AI protection measures established by the Biden administration.Apple has become the latest company to agree to a series of voluntary AI safeguards set by U.S. President Joe Biden, whose administration aims to guide the development of the emerging technology and encourage companies to protect consumers. The U.S. government announced on July 26 that Apple will join OpenAI, Amazon, Alphabet, Meta, Microsoft and other companies in pledging to test their AI systems for any discriminatory tendencies, security flaws or national security risks. The principles require companies to transparently share the results of these tests with government, society and academia and report any vulnerabilities. (Interface)

6. Xianyu restarts the web version.According to browsing, the main page of Xianyu PC is roughly divided into three parts: category navigation, key categories and interest channels. At present, the web version of Xianyu can already support account login, search, view product details, buyer and seller chat and other functions, but the actual payment still needs to rely on the mobile terminal to scan the corresponding QR code to complete the order. Xianyu related staff revealed that in the future, other functions that can be realized on the mobile terminal will be gradually improved and launched on the PC terminal.

7. Mitsubishi Motors will join the Honda and Nissan alliance.It is reported that Mitsubishi Motors will join the alliance formed by Honda Motor and Nissan Motor to simplify production. Nissan, which holds a 34.01% stake in Mitsubishi Motors, previously announced a partnership with Honda in March. (Interface)

8. The price of Alibaba Cloud domain name registration platform will be adjusted on August 1.Alibaba Cloud announced that due to the increasing service costs, after careful consideration, the starting price of the bidding for the HiChina pre-released domain names on the Alibaba Cloud domain name registration platform will be adjusted from 00:00 on August 1, 2024. The specific rules are as follows: For the HiChina pre-released domain names with .com suffixes that are booked from 00:00 on August 1, 2024, after the domain name reservation ends and the domain name bidding stage begins, the user's first bidding bid amount is 199 yuan. For the HiChina pre-released domain names with suffixes other than .com that are booked from 00:00 on August 1, 2024, after the domain name reservation ends and the domain name bidding stage begins, the user's first bidding bid amount is 99 yuan.

9. NIO releases NIO Phone2.This model is equipped with Qualcomm Snapdragon 8 Gen 3 chip, built-in "Gun Yu cooling system", ultra-thin design, and body thickness of 8.6mm; it is equipped with 48 million pixel main camera, 48 million pixel ultra-wide-angle camera and 50 million periscope telephoto camera chip. The maximum optional memory and storage combination is 16GB+1T.

10. Apple reached a temporary labor agreement with its retail employees in Maryland, USA.The International Association of Machinists and Aerospace Workers (IAM) said the Retail Employees Organizing Union and Apple reached a tentative agreement that improves work-life balance, increases pay and helps protect job security. Workers at the Apple retail store in Towson, Maryland, will vote on the tentative agreement on August 6. The International Association of Machinists and Aerospace Workers said this is the first time a tentative labor agreement has been reached with Apple.

11. The US “Crew-9” space mission is scheduled to be carried out as early as August 18.The National Aeronautics and Space Administration (NASA) and SpaceX announced at a press conference that they plan to carry out the "Crew-9" space mission as early as August 18. At that time, the "Dragon" spacecraft will be launched from the Kennedy Space Center in Florida on a "Falcon 9" rocket, carrying four crew members to the International Space Station for a six-month scientific mission.

【The most core news】

1. New changes in the leadership of Intel’s manufacturing department.Intel's manufacturing division is undergoing its second leadership change this year. It is reported that Kevin O'Buckley will lead Intel's foundry customer service and ecosystem operations, while Naga Chandrasekaran will be responsible for global manufacturing operations, which means that two outsiders will oversee a key aspect of CEO Pat Gelsinger's comeback plan. Naga Chandrasekaran, a former Micron Technology executive, joined Intel's executive leadership team on August 12 as chief global operating officer, executive vice president and general manager of Intel's foundry manufacturing and supply chain division. He will report directly to CEO Pat Gelsinger. According to the company, in operating Intel's global manufacturing operations, Naga Chandrasekaran's responsibilities will include wafer fab classification manufacturing, assembly and test manufacturing, strategic planning of Intel's foundries, corporate quality assurance and supply chain.

2. NIO’s Shenji 5nm intelligent driving chip was successfully taped out.At the NIO IN 2024 Innovation Technology Day, Li Bin, founder, chairman and CEO of NIO, demonstrated the NIO Digi-Key NX9031. Li Bin said that the Digi-Key NX9031 is manufactured based on a 5nm automotive-grade process, has more than 50 billion transistors, and both the chip and underlying software have been independently designed. It has a 32-core CPU, integrates a high-performance ISP with a high dynamic range, and a self-developed inference acceleration unit NPU.

3. The U.S. Department of Commerce plans to grant Amkor up to $400 million in subsidies.Amkor, a US semiconductor product packaging and testing company, announced that it has signed a non-binding preliminary memorandum of terms with the US Department of Commerce to receive the proposed "Chips and Science Act" incentive funds, and the US Department of Commerce proposes to directly fund up to $400 million. The proposed funds will support Amkor's investment of approximately $2 billion and 2,000 jobs in a greenfield project in Peoria, Arizona, which will provide complete end-to-end advanced packaging for high-performance computing, artificial intelligence, communications and automotive terminal markets.

【Listing Capital Flow】

1. HuaDa Emphaty plans to invest 100 million yuan to establish an industrial fund.HuaDa JiuTian announced that the company has signed the "Anhui High-tech Yuanhe Puhua Private Equity Investment Fund (Limited Partnership) Partnership Agreement" with Chuzhou Yunjixin Enterprise Management Partnership (Limited Partnership), Suzhou Yuanhe Holdings Co., Ltd., and Ningbo Hongning Hengtai Xinmai Enterprise Management Partnership (Limited Partnership), and jointly initiated the establishment of Anhui High-tech Yuanhe Puhua Private Equity Investment Fund (Limited Partnership). The fund's target subscribed capital is RMB 2.5 billion, of which the company, as a limited partner, intends to subscribe 100 million yuan with its own funds. The industrial fund focuses on the ten major emerging industries in the Yangtze River Delta region, expands and strengthens the chain-leading enterprises, supports key technologies and key projects with significant benefits in the process of supplementing, consolidating, extending and strengthening the industrial chain, and focuses on the hard technology field with semiconductors and intelligent manufacturing as the core. The investment amount in the specified investment direction shall not be less than 70% of the fund investment amount.

2. Huadong Heavy Machinery plans to acquire equity and increase capital to obtain 43.18% equity of Ruixin Tuxin.Huadong Heavy Machinery announced on the evening of July 28 that it plans to acquire the equity of Xiamen Ruixin Tuxin Technology Co., Ltd. (hereinafter referred to as "Ruixin Tuxin") at a pre-investment valuation of no more than 300 million yuan and increase capital, that is, to acquire a total of 37.5% of Ruixin Tuxin's equity from Xu Qinghe and Nanjing Ruifeng Juxin Enterprise Management Partnership (Limited Partnership) for no more than 112.5 million yuan, and to subscribe for Ruixin Tuxin's newly added registered capital of 336,700 yuan for no more than 30 million yuan. After the transaction is completed, the company holds 43.18% of Ruixin Tuxin's equity. The company is the single largest shareholder of Ruixin Tuxin, and Ruixin Tuxin will be included in the company's consolidated financial statements. Ruixin Tuxin's main business is GPU chips and solutions. In this transaction, the company aims to deepen its main business of equipment manufacturing and deeply explore and grasp investment opportunities in the field of new quality productivity.