Nvidia strengthens its presence in Southeast Asia: the AI research and development center in Vietnam has been launched, and the state-owned enterprise Viettel has received technical support.

Nvidia accelerates its layout in Southeast Asia, on Thursday Nvidia CEO Jensen Huang announced the establishment of an AI research and development center in Vietnam to promote the development of Vietnam's AI industry by building AI infrastructure, training Vietnamese AI experts, and supporting AI startups. In addition, Nvidia will acquire the AI department of Vietnam's Vingroup. During regular trading hours on Thursday, Nvidia's stock price rose by nearly 1% at most.

wallstreetcnDec 5 14:11 ET

Increase the proportion of high value-added products Henan Mingtai Al.Industrial plans to change some of the raised funds investment projects | Quick Read Announcement

① In the opportunity of the "Zhengkai 3 million autos industry belt," henan mingtai al.industrial is increasing investment in new energy battery materials and aluminum plates and strips for autos; ② The company has entered high-tech and high value-added fields such as aluminum for new energy, aluminum for new materials, aluminum for transportation, and aluminum for lightweight autos.

cls.cnNov 29 09:11 ET

The Ministry of Industry and Information Technology guides photovoltaic enterprises to reduce capacity expansion; institutions indicate that the industry clearing shows initial signs.

①The Ministry of Industry and Information Technology has revised the "Normative Conditions for the Photovoltaic Manufacturing Industry" and the "Interim Measures for the Announcement and Management of Normative Conditions for the Photovoltaic Manufacturing Industry". It guides local areas to rationally layout photovoltaic manufacturing projects based on resource endowment and industrial foundation, and encourages intensive and clustered development. ②Last week, more than 20 silicon wafer companies held another industry self-discipline meeting online, aiming to coordinate production reduction and improve the current market environment.

cls.cnNov 20 19:05 ET

The fluctuation of the photovoltaic cycle far exceeds the past. Representatives of leading companies suggest considering transformation earlier if things are not going well.

① In the case of a divergence between prices and costs, the photovoltaic industry has fallen into a crisis not seen in recent years, with prices at various stages declining by 60%-80% compared to the peak in 2023; ② Long-term losses are unacceptable in any industry, and with market growth slowing, it has become very difficult to resolve the current capacity issues. This cycle may last longer.

cls.cnNov 20 01:27 ET

Lishui State-owned Assets Auctioning the shares of the wafer factory, Guoxinwei may become a holding subsidiary of shenzhen minde electronics technology. Latest post-investment valuation is 0.61 billion.

Shenzhen Minde Electronics Technology announced that it plans to use its own funds or self-raised funds to participate in the bidding for 4.9180% equity of Goshen Micro held by Lishui Green Fund, with a starting price of RMB 35.5 million; Goshen Micro has been established for just over three years, with a latest post-investment valuation of 0.61 billion yuan. The revenue and net income from January to July 2024 were 3.02 million yuan and -87.56 million yuan respectively.

cls.cnNov 14 18:49 ET

Accounting for nearly one-fifth of last year's revenue, henan pinggao electric won a nearly 2 billion yuan procurement project from State Grid Corporation of China | Fast read announcement.

henan pinggao electric won a total of about 1.959 billion yuan in the State Grid procurement project. According to statistics, henan pinggao electric has won a total of approximately 6.815 billion yuan in bids this year. henan pinggao electric's net profit attributable to shareholders in the first three quarters was 0.857 billion yuan, exceeding the full year of last year.

cls.cnNov 5 10:56 ET