Core Viewpoint - The company Huada Jiutian (301269.SZ) has signed a strategic cooperation agreement with Moore Threads for 2024, focusing on key areas such as chip design automation, rapid iteration of digital and analog circuit design processes, GPU technology evolution and innovation, and promotion of domestic EDA tools [1] Group 1 - The strategic cooperation will involve collaboration in chip design automation and digital circuit design processes [1] - The partnership aims to enhance GPU technology through rapid evolution and innovation [1] - The company and Moore Threads do not have any equity relationship [1]

Core Viewpoint - The company Huada Jiutian (301269.SZ) has announced a strategic cooperation agreement with Moore Threads, focusing on key areas such as chip design automation and GPU technology innovation for 2024 [1] Group 1: Strategic Cooperation - The strategic cooperation will involve collaboration on chip design automation, rapid iteration of digital and analog circuit design processes, and the evolution and innovation of GPU technology [1] - The partnership also aims to test and promote domestic EDA tools, indicating a focus on enhancing local technological capabilities [1] - Progress in related technologies and business collaboration is reported to be steadily advancing [1]

Group 1: Geopolitical and Economic Context - The U.S. aims to disrupt the energy cooperation between China, Russia, and Iran, as these countries account for approximately 30% of China's crude oil imports [3] - The U.S. is using tariffs as a negotiation tool, with a proposed 500% tariff on goods from China if it continues to purchase oil from Russia and Iran, which exceeds WTO rules [3][4] - The U.S. is also attempting to shift China's energy purchases from non-Western countries to U.S.-led high-priced energy sources [3] Group 2: China's Response and Strategic Position - China has diversified its crude oil import sources, covering 15 countries, with over 60% of imports coming from the Middle East, Africa, and South America, making it less reliant on Russian and Iranian oil [4] - China controls 60% of global rare earth mining and 90% of deep processing capabilities, which could impact U.S. military technology if trade tensions escalate [4] - The Chinese government has initiated a "trade war emergency plan" with a $50 billion fund to support affected enterprises and is expanding procurement in ASEAN and Middle Eastern markets [9] Group 3: Global Market Implications - The ongoing negotiations have caused significant volatility in global financial markets, with the MSCI global index experiencing notable fluctuations and oil futures rising by 4.5% in a single day [8] - There is a trend of companies like Apple relocating production to countries like India and Vietnam, although these regions face challenges in supply chain efficiency [8] - OPEC+ countries are exploring pricing oil in renminbi, indicating a potential shift away from the "petrodollar" system [8] Group 4: Future Outlook and Recommendations - The U.S. faces internal contradictions, as a 500% tariff could lead to gasoline prices reaching $8 per gallon, potentially increasing inflation and affecting political support for the current administration [8] - The United Nations Conference on Trade and Development has called for a "tariff fluctuation stabilization mechanism," highlighting the need for a multilateral approach to trade disputes [12] - The emphasis on cooperation over confrontation is seen as essential for global economic stability, suggesting that both nations should seek non-zero-sum solutions [12]