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2024-10-21

[News] China Cuts Lending Rate to Boost Economic Growth after September’s Monetary Easing

The People’s Bank of China (PBoC) announced on October 21 a reduction of both the 1-year and 5-year Loan Prime Rates (LPR) by 25 basis points each, bringing them to 3.1% and 3.6%, respectively. Read more at Datatrack   In mid-September, the PBoC launched a series of large-scale monetar...

2024-10-21

[News] India Intends to Restrict Laptop Imports to Boost Local Manufacturing

According to a report from Reuters, India is set to impose restrictions on the import of laptops, tablets, and personal computers starting in January, aiming to boost domestic manufacturing. If implemented, the new plan could significantly impact the PC industry, worth USD 8 billion to USD 10 bil...

stock trading on the laptop sreen
2024-10-21

[News] Key Focus This Week: China LPR & Canada Monetary Policy on Rate Cut

Last week, following TSMC's release of better-than-expected third-quarter earnings, the U.S. S&P 500 index hit a new record high. In the bond market, U.S. Treasury yields remained largely unchanged, with the 10-year minus 2-year yield spread holding at 13 bps. Meanwhile, the U.S. dollar index co...

2024-10-21

[News] AI Fuels Optical Product Demand, Marvell Reportedly Set to Raise Prices Next Year

According to a report by the Economic Daily News, U.S. chip giant Marvell Technology has announced that it will raise prices across its entire product line starting January 1 next year, marking the first major price hike in the optical communications sector. Marvell's strong financial performance...

2024-10-21

[News] Xiaomi Rumored to Have Taped out its First 3nm Chipset, Which Might be Launched Next Year

Rumors have been circulating for a while that China’s tech giants are capable of manufacturing chips in advanced nodes even without the need for extreme ultraviolet (EUV) lithography machines by ASML, and that local foundry SMIC has reportedly produced 5nm chips for Huawei. Now there seems to be a...

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