Apollo: Energy transition has a potential investment of 50 trillion in the future. The 'industrial renaissance' emerges accordingly.
The asset management giant apollo global management believes that with the emergence of energy transition investment opportunities valued at 50 trillion dollars in the coming decades, a period of "industrial renaissance" will occur.
Outsourced headlines: Biden hopes Trump will reconsider tariffs on Canada and Mexico; Canadian antitrust institutions sue Google; Germany plans to provide €2 billion in subsidies to the chip industry.
Global financial media headlines that were collectively focused on last night and this morning primarily included: Biden expressed hope for Trump to reconsider tariffs on Mexico and Canada. US President Biden stated on Thursday that he hopes President-elect Trump will reconsider his plans to impose tariffs on Mexico and Canada, stating this could "mess up" relations with close allies. "I hope he reconsiders. I think that would backfire," he said in Nantucket, "Our situation in the USA is unusual, we are surrounded by the Pacific, the Atlantic, and two allied countries: Mexico and Canada. The last thing we need to do is to start damaging this."
The German government plans to provide approximately 2 billion euros in new subsidies to the chip industry.
The German government is preparing to provide several billion euros in new investment to the country's semiconductor industry. Two months ago, Intel shelved its plan to build a 30 billion euro (32 billion US dollars) chip factory in Magdeburg. German Ministry of Economic Affairs spokesperson Annika Einhorn stated on Thursday that the new funds will be provided to chip companies for developing "significantly more modern production capacity than the current technological level". Two officials attending official events related to the financing plan this week said that subsidies totaling approximately 2 billion euros are expected. Due to the non-public nature of the discussions, sources requested anonymity. The German Ministry of Economic Affairs hopes to leverage the newly proposed
Intel (INTC) Faces Uncertainty: QUALCOMM Walks Away From Acquisition Deal
In addition to cutting subsidies, the usa government also wants to restrict the breakup of intel!
① intel has reached a subsidy agreement of 7.86 billion dollars with the usa government, but must meet strict conditions; ② intel stated on Wednesday that the usa government requires it not to sell shares of its chip manufacturing division at will; ③ the usa Department of Commerce stated that it is negotiating control change terms with all subsidy recipients.
Intel's US$7.86b Subsidy Deal Restricts Sale of Its Manufacturing Unit
Intel is the backbone of the American economy. They won’t let it fail. I got in at $19 and I’m still holding
103998930 : When trump puts China tariffs, this company with 46% revenue from China will be severely hit, and stock price will definitely come down.
b3nt 103998930 : The US pressure has been on them for a while already and I'd say it that is priced in - including trump's impact although there are still some unknowns there. asml have a global monopoly so whilst near term pain might increase, if you are a long term investor they are a strong buy in my opinion.
in October, ASML CFO said that he expects the company's China business to show a "more normalized percentage in our order book and also in our business," projecting "China to come in at around 20 percent of our total revenue for next year."