Electronic chip
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Industrial Economy
 
*At the second plenary session of the CAS-CAE Academicians Congress, Ding Xuexiang stressed full implementation of the CPC Central Committee’s sci-tech arrangements to accelerate high-level self-reliance in science and technology.
 
*Huawei and industry partners launched the OPEN NPO project to set up China’s first NPO optical interconnect MSA, underpinning advanced computing infrastructure for the AI era.
 
*The 15th Five-Year Carbon Peaking Action Plan was issued. It scales up new energy storage, prioritizes long-duration storage, targeting 300 GW of installed new energy storage capacity by 2030.
 
*Bank of America says markets overworry about memory costs, in-house ASIC competition and ecosystem spending. Nvidia’s fundamentals remain solid. Its valuation is at a 7-year low, trading at a 30%-35% discount vs large tech peers.
 
*Meta will start producing Iris AI chips in September and double its computing power to 14 GW next year. It will also build a CAD 13 billion (about USD 9.17 billion) data center in Canada.
 
Jul 9 Block Trade Info
 
*Discount
 
-Sinopack Electronic Tech (003031 CH) saw 54 block trades worth 330.80mn at 130.00yuan per share, 8.41pct discount from last closing.
 
-OFILM Group (002456 CH) saw 2 block trades worth 328.86mn at 8.08yuan per share, 7.97pct discount from last closing.
 
*Premium
 
-Taiji Industry Limited Corp (600667 CH) saw 1 block trades worth 921.92mn at 24.69yuan per share, 3.39pct premium from last closing.
 

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