- According to the “Nihon Keizai Shimbun”(日本经济新闻) report, the global semiconductor market has shrunk for the first time in four years. An industry group composed of major companies recently announced that semiconductor revenue in 2023 will decrease by 4% from 2022 to $556.5 billion. The reason is that, in addition to reduced demand for smartphones, IT giants with deteriorating performance have begun to take measures to control investment in data centers.
- Strategy Analytics: Global smartphone shipments will drop by 10% year-on-year in 2022. The decline will continue until 2023, with a year-on-year decline of 5%, when global smartphone shipments will hit the lowest level since 2014.
- Canalys: The continued sluggish consumer demand led to a 4% year-on-year decline in smartphone shipments in Southeast Asia in the third quarter to 23.5 million units. Samsung’s shipments reached 5.9 million units, accounting for 25% of the market, leading the way. OPPO ranked second, with a shipment of 4.5 million units and a market share of 19%. Vivo ranked third, with shipments reaching 3.5 million units. Xiaomi shipped 3.1 million units, falling to fourth place.
- Three national AMCs—China Cinda, China Huarong, and Dongfang Assets—have driven a total of 151.9 billion yuan in real estate projects to resume work and production.
- China IoT: released the “2022 China Digital Logistics Development Report”. In 2020, the overall market size of digital logistics will be 35.67 billion yuan, and will grow to 128.05 billion yuan by October 2022, with an average annual compound growth rate of more than 70%. In 2021, China’s Internet of Things market will reach 1.84 trillion yuan, a year-on-year increase of 10.67%. With policy support and technological improvement, it is expected to reach 2.1 trillion yuan in 2022.
- Tesla (China): In order to allow more consumers to catch up with the last train of “state subsidies(国补)”, various preferential policies have been introduced. If you buy an existing car in December and pick it up on schedule, you can enjoy an insurance subsidy of 4,000 yuan; in December, users who order Model 3 or Model Y through online self-service ordering and complete delivery can get 20,000 points in the “treasure box” points reward, It can be exchanged for 5,000 kilometers of overcharge mileage, etc.
- Australian Securities Exchange: 200 jobs to be axed after scrapping blockchain stock settlement system.
- Google is set to appeal a ruling by the European Union’s second highest court, which upheld an earlier fine of more than 4 billion euros against the company for allegedly abusing the market dominance of its Android operating system.
- Netflix: Plans to expand its “Netflix Preview Club” to allow tens of thousands of subscribers to preview its video content early next year, helping the company further improve content quality. “Netflix Preview Club” currently has more than 2,000 users who have priority viewing rights.
- Japan: The Japanese government is discussing raising the five-year defense expenditure to 40 trillion yen to 43 trillion yen starting from the next fiscal year, which is 1.5 times higher than the five-year defense expenditure at the end of the next fiscal year. Japanese Prime Minister Fumio Kishida has instructed to increase defense spending and related budgets to 2% of GDP in 2027.