Arm Holdings (ARM -0.30%) has long stood out in the semiconductor industry, particularly regarding its mobile phone processors. Instead of manufacturing these processors, it earns revenue by licensing its designs to companies such as Samsung, Apple, and Qualcomm.Despite its importance to major industry players, it did not launch its initial public offering (IPO) until September 2023, and its value has nearly tripled since the original IPO price. Amid those gains, investors may wonder whether the stock will ...

July 15, 2025 04:47 AM GMT China Economics | Asia Pacific Buckle Up for 2H Growth Slowdown Key Takeaways Wider divergence between real and nominal GDP in 2Q: Real GDP still held up well at 5.2%Y (5.4% in 1Q) on front-loaded production and shipment to the US, as well as strong fiscal support to infrastructure and consumption trade-ins (~60% of annual govt. bond quota has been used in 1H). In contrast, nominal GDP slipped 0.7pp to 3.9%Y (the first <4%Y growth since Covid), given deepened deflation amid tariff ...

中金公司研报认为，关税不确定性导致电子板块估值回落，其中消费电子整体估值降幅明显，处于历史 相对低位。展望2025年下半年，研报认为端侧AI多终端落地及逐步下沉，部分环节渐进式升级将引领 消费电子行业成长，建议关注AI手机硬件升级及加速渗透、AI可穿戴新终端形态的创新、光学行业重 启升规升配三大投资机会。 ...

#数据 中国6月出口稀土7742.2吨，同比增加60.3%，环比增加32%；出口集成电路318.4亿个，同比增加25.3%；出口手机6117.9万台，同比减少13%。6月进口煤及褐煤3303.7万吨，同比减少25.9%；进口大豆1226.4万吨（历史新高），同比增加10.35%；进口汽车（含底盘）4.3万辆，同比减少28.3%。 ...

Investment Rating - The report maintains an overweight rating on China within the MSCI Emerging Markets (EM) index, highlighting resilient earnings and improving return on invested capital (ROIC) among listed manufacturers in China [8]. Core Insights - China's export volumes have surged by 20%, significantly outpacing a 6% rise in the rest of the world, marking the strongest outperformance since its WTO accession [2]. - Emerging Markets (EM) now account for over half of China's exports and trade surplus, indicating a deeper penetration into various sectors beyond just low prices [2][27]. - The report suggests that China's rising export competitiveness may negatively impact growth in the rest of EM, with manufacturing/GDP ratios near COVID lows and weakening orders [3][74]. Summary by Sections Export Dynamics - China's exports are increasingly directed towards EM, with a notable rise in its trade surplus with these regions [27][65]. - The report indicates that China's share of world exports has reached its highest level in approximately 20 years, with significant gains in various sectors [36][37]. Economic Implications - The macroeconomic data suggests that EM ex-China is experiencing challenges such as decelerating foreign direct investment (FDI) inflows and subdued credit impulses, which may be exacerbated by China's competitive exports [3][4]. - The report highlights that manufacturing margins in EM ex-China are near decadal highs, but rising competition from China could pressure these margins [10][11]. Asset Implications - The report identifies that MSCI China equities are trading at a 20% discount compared to historical averages, presenting potential upside risks due to elevated equity risk premia and high household savings [8]. - It emphasizes the need for a selective approach within MSCI EM ex-China, with Brazil and Greece appearing more insulated from the impacts of Chinese competition [10][11]. Currency and Fixed Income Outlook - The report suggests that the dollar downturn should be approached selectively in EM, as competition from China could structurally impact EM FX carry and FDI inflows [12][13]. - It expresses concerns about further curve steepening in EM local debt markets, projecting GDP growth to fall to decade lows relative to interest rates [13].

Group 1 - The domestic AI investment market is experiencing a critical turning point, with a notable mismatch between long-term and short-term allocations, creating unique investment opportunities for investors [1] - The AIAgent economy has fully launched, with irreversible development trends in technology and product iterations, redefining traditional business models and production methods [3] - The anticipated release of the DeepSeekR2 version in the second half of the year is expected to significantly enhance the benefits across the entire domestic AI industry chain [3] Group 2 - The AI industry chain is seen as entering a recovery phase, with expectations of continuous improvement in the AI computing power industry chain, presenting new investment opportunities [4] - Emerging fields such as satellite internet and quantum technology are showing promising development, with significant advancements in technology and commercialization processes [4] - The ongoing construction of computing infrastructure is laying a solid foundation for the development of the entire industry chain [4] Group 3 - A new round of equipment investment opportunities is emerging in the manufacturing sector, focusing on humanoid robots, low-altitude economy, and controllable nuclear fusion [5] - The engineering machinery industry is showing a positive development outlook driven by domestic demand recovery and stable exports [5] - The automotive industry chain is undergoing transformation, with an expected increase in passenger car sales and a growing market share in the sub-300,000 price range [5]

Core Viewpoint - Sonim Technologies has signed a non-binding Letter of Intent for a proposed reverse takeover with a private US-based company focused on building Nvidia-based High-Performance Computing (HPC) A.I. factories to support the growth of cloud-based AI workloads [1][3]. Company Summary - Sonim Technologies is a leading provider of rugged mobile solutions, including phones and wireless internet devices, catering to users requiring durability in demanding environments [6]. - The company aims to maximize stockholder value through the proposed RTO transaction, which follows the announced sale of its operating assets for $15 million, plus an additional earn-out of $5 million [2][4]. Industry Summary - The target company is positioned for significant growth by focusing on High-Performance Computing as a Service (HPCaaS), leveraging owned data centers to meet the increasing demand for AI infrastructure [3]. - The global demand for AI-ready high-performance computing factory capacity is projected to grow at an average annual rate of 33% through 2030, with AI workloads driving up to 70% of total demand [3]. - AI infrastructure spending is expected to exceed $200 billion by 2028, highlighting the transformative potential of this market [3]. - Leading data center players are preparing to invest $1.8 trillion from 2024 to 2030, driven by traditional enterprise workloads and the explosive growth of Generative AI [3].

Starting a wireless carrier is easier than you might think. So is building a half-decent Android phone! But doing all the things Trump Mobile promises, at the price and on the schedule it says, seems awfully close to impossible. While Nilay's out, David and Jake chat with The Verge's Dominic Preston about what we know about Trump Mobile and the T1 Phone, why everyone wants to be a wireless carrier, and what it would actually take for this to work out. After that, David and Jake talk through some big news in ...

Core Insights - WOW! Internet, TV & Phone has made a $10,000 donation to Livingston County Habitat for Humanity to support community initiatives and home safety repairs for a local veteran [1][2][4] - The company is actively involved in community service, including participation in Habitat for Humanity's annual gala to further support home building and repair projects [3][4] - WOW! is expanding its all-fiber network to additional communities in Michigan, aiming to add 80,000 homes as part of its Greenfield expansion initiative [4][5] Company Initiatives - The donation from WOW! will enable critical safety repairs for a veteran's home, including replacing flooring and extending doorways [2][4] - WOW! is a presenting sponsor at the upcoming Habitat for Humanity gala, with funds raised earmarked for the organization's building program [3][4] - The company emphasizes its commitment to community service alongside its broadband service offerings [4] Service Offerings - WOW! provides an all-fiber network with high-speed internet, simplified pricing, and no data caps, catering to both residential and business customers [5][7] - The company offers additional services such as WOW! mobile powered by Reach and bundling options with YouTube TV [5][7] - WOW! serves nearly 2 million consumers across 20 markets, primarily in the Midwest and Southeast [7]

Bloomberg’s Kelcee Griffis and Dana Wollman explain the Trump family’s strategy for launching a self-branded mobile phone service with US-made phones. They speak with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: https://www.youtube.com/playlist?list=PLfAX25ZLrPGTygCwn55voYZ_LYyKjxok ...