News

Golden Ten Data June 18｜SK Hynix announced on Thursday that it has sent samples of its latest generation high-bandwidth memory (HBM) chips to major clients, as the South Korean chip manufacturer works to strengthen its position in the rapidly growing artificial intelligence semiconductor market. The company stated that the new-generation 12-layer HBM4E chip has a maximum single-pin transfer rate of 16 gigabits per second, with energy efficiency improved by more than 20% compared to the previous generation. HBM chips are used in AI chipsets and are key components in processors produced by companies such as Nvidia, helping to process massive amounts of data required to train AI models. SK Hynix is a major HBM supplier to Nvidia, and its competitors Samsung and Micron are also competing in this field.

DaSouChe plans to issue 3 million American Depositary Shares, with each share priced between $16 and $18, aiming to raise up to $54 million. DaSouChe was founded by Yao Junhong in 2012 and provides operating systems for used car dealers in China, as well as software and transaction services to dealers and other automotive businesses. According to CIC data, DaSouChe holds over 90% market share in the Chinese used car dealer platform market. The company’s investors include 5Yuan Capital, Primavera Capital, and Ant Group, which is backed by Jack Ma. API Investment, a wholly-owned subsidiary of Ant Group, plans to subscribe up to $30 million worth of DaSouChe shares in this IPO.

However, more timely output data show that conditions weakened in the second quarter. Abhijit Surya, Senior Economist for Asia-Pacific, pointed out that BusinessNZ's composite Purchasing Managers' Index declined again in May, indicating a significant slowdown in growth during the second quarter. Meanwhile, the Reserve Bank of New Zealand's Nowcast model indicates that real GDP in the second quarter will fall by 0.2% quarter-on-quarter. "The latest data may not prevent the central bank from beginning the policy normalization process," Capital Economics stated. "However, with almost no reason for comprehensive tightening, interest rates will at best return to a neutral level."