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Silicon Valley bank collapse/Credit Suisse turmoil, Zhang Zhongmou gave a speech, electricity price increase review of this week | Anue tycoon-Taiwan stock news

Silicon Valley bank collapse/Credit Suisse turmoil, Zhang Zhongmou gave a speech, electricity price increase review of this week | Anue tycoon-Taiwan stock news
Silicon Valley bank collapse/Credit Suisse turmoil, Zhang Zhongmou gave a speech, electricity price increase review of this week | Anue tycoon-Taiwan stock news

Crisis broke out one after another in global banks. Silicon Valley Bank SVB, the 16th largest bank in the United States, announced its bankruptcy, causing the U.S. Treasury Department and the Federal Reserve (Fed) to intervene urgently. In addition, Credit Suisse was also thundered. According to statistics, the exposure of my country’s three financial industries exceeded 2240 In terms of domestic focus, Zhang Zhongmou, the founder of TSMC, said that the chip industry will enter a new game. As for the electricity price related to the people’s livelihood industry, it will be raised from April, with an average increase of 11%. The following is a review of this week’s major events:

Silicon Valley Bank collapsed, the US Fed, the Ministry of Finance shot depositors can get all their deposits back

The U.S. Department of the Treasury, the Federal Reserve (Fed), and the Federal Deposit Insurance Corporation (FDIC) issued a joint statement on the 12th, announcing action against the failure of Silicon Valley Bank. , will provide additional funds to eligible savings institutions to ensure that banks have the ability to meet the needs of all depositors, which is expected to enhance the banking system’s ability to protect deposits and ensure the continued supply of money and credit.

Credit Suisse’s three financial industry exposures exceeded 224 billion yuan

Following the collapse of Silicon Valley Bank (SVB), Credit Suisse also suffered a thunderstorm. The outside world is concerned about the exposure of credit suisse to the three financial industries such as banking, insurance, and securities. The statistics released by the Financial Regulatory Commission on the 16th show that the three financial industries plus Chinese The investment exposure is nearly 230 billion yuan, and the relevant exposure is within the controllable range.

Zhang Zhongmou: Free trade is dying and the chip industry may stop growing in a new game

Zhang Zhongmou, founder of the leading wafer foundry TSMC (2330-TW) (TSM-US), said on the 16th that the semiconductor supply chain will move towards the polarization of China and other countries. With the death of globalization and the death of free trade , the chip industry will stop growing or slow down, and enter a completely different new game.

further reading
Talking about Intel’s fight for wafer foundry agreeing with Huang Renxun’s “one-man dance floor theory”

Qualcomm’s 20th Anniversary Chief COO: Qualcomm will be the first customer of TSMC’s 4nm US plant

TSMC (2330-TW) (TSM-US) Arizona plant in the United States will be mass-produced in 2024. Qualcomm (QCOM-US) Global Senior Vice President and Chief Operating Officer Chen Ruowen said on the 17th that Qualcomm began to evaluate the TSMC US plant very early. Filming is expected to be the first batch of customers of the plant’s 4nm, and it is also the customer with the largest volume of filming.

Chen Ruowen added that it is widely misunderstood by the outside world that TSMC is going to the United States to set up a factory because customers request TSMC to move Taiwan’s production capacity to the United States, but in fact customers hope that TSMC can also build a second source of production capacity in the United States to deal with possible risks, especially defense. , Automotive-related products are more sensitive, emphasizing that only part of the production capacity is in the United States, and Taiwan’s production capacity will not change.

further reading
Hou Yongqing of TSMC: Who will bear the increased cost of geopolitics is the challenge of the supply chain
Over the past five years, the amount of purchases from Taiwan has increased by 167%, and it is estimated to exceed 300 billion yuan next year

From April, the electricity price of large electricity consumers will increase by 17%, and the average electricity price will increase by 11%.

On the 17th, the Ministry of Economic Affairs held the first electricity price rate review meeting in 2012 to review the electricity price rate for the first half of the year (April to September). Considering that fuel prices are still at a high level, which has caused huge operating pressure on Taipower, it decided on high-voltage and ultra-high-voltage industries. Large electricity consumers will increase electricity prices by 17%, which translates to an overall average electricity price increase of 11%. It is expected to be implemented on April 1.

The Ministry of Economic Affairs considers taking care of people’s livelihood, stabilizing prices, and reducing the impact of electricity recession industries. Residential electricity consumption is below 700 kWh, small shops are below 1,500 kWh, and electricity consumption for agriculture, fishery, and schools will not be raised. The overall average electricity price will be increased by 11%.

further reading
From April, large electricity consumers will increase by 17%, and the average electricity price will increase by 11%
Taipower estimates that it will inject 60 billion yuan before the end of the year, and 19,000 households will benefit from the halving plan.

Fubon Kingfa has obtained a dividend of nearly 120 billion yuan, and the undistributed surplus can be distributed

Fubon Gold (2881-TW) held a law conference on the 16th. Last (2022) annual net profit after tax was 46.926 billion yuan, a year-on-year decrease of 67.5%, and earnings per share (EPS) was 3.54 yuan, an annual decrease of more than 70%. However, after-tax net profit and EPS still rank first in the financial holding industry, and it has been the EPS king of Taiwan’s financial holding industry for 14 consecutive years. Due to the sharp decline in profits last year, the outside world is concerned about the dividend policy. General Manager Han Weiting said that he still hopes to maintain a stable dividend. Currently, there are nearly 120 billion yuan of undistributed earnings that can be used as dividends.

Hon Hai’s outlook for this year is estimated to be flat, and the performance of automotive components will look at 100 billion yuan

Hon Hai (2317-TW) held a press conference on the 15th. Chairman Liu Yangwei said that although there will be a seasonal recession in the first quarter, the magnitude will be smaller than in the past, and it is expected to remain the same as the same period last year. For the whole year, due to the current relatively conservative visibility of the ICT industry, the outlook is considered flat. Read more…

In addition, regarding the layout of electric vehicles, Liu Yangwei said that with the development of the layout and the addition of new product lines in recent years, the revenue of automotive components is expected to double from 20 billion yuan last year to 50-100 billion yuan.

further reading
Earned 141.4 billion yuan last year, the most EPS in 6 years was 10.21 yuan, a 15-year high

Understand the eight key points of the Hon Hai Law Conference in one article

Universal Crystal earned 13.31 yuan per share in Q4 last year, and the full-year EPS was 35.31 yuan, which is also a new high

Global Crystal (6488-TW), a major silicon wafer manufacturer, held a board meeting on the 14th, and passed last year’s financial report. The net profit after tax in the fourth quarter of last year was 5.794 billion yuan, a quarterly increase of 13.4%, an annual increase of 173%, and a net profit per share of 13.31 yuan. After-tax net profit was 15.37 billion yuan, an increase of 29.5% year-on-year, earning 35.31 yuan per share. The fourth quarter and the full-year EPS are the same as the new record.

Evergreen pays a dividend of 70 yuan per share, and the cash yield exceeds 40%

Container shipping company Evergreen (2603-TW) announced last year’s financial report. The annual after-tax net profit was 334.201 billion yuan, an annual increase of 39.82%, and the EPS reached 87.07 yuan. A cash dividend of 70 yuan is proposed. Due to the impact of the capital reduction, the dividend rate must be calculated based on the total cash dividends to be issued of 148.149 billion yuan and the net profit after tax of 334.201 billion yuan. The dividend rate is about 44.33%, based on the closing price on the 14th Calculated at 171 yuan, the cash yield rate is as high as 40.94%.

Wan Hai’s Q4 was surprised to see a loss and the interest rate was only 15%, and it will issue bonds to raise funds

Container shipping company Wanhai (2615-TW) announced last year’s financial report on the 13th. After-tax net profit was 93.072 billion yuan, a year-on-year decrease of 9.94%, and EPS was 33.17 yuan, lower than the previous year’s 42.35 yuan. I was even surprised to see a loss of nearly 40 million yuan; and the board of directors approved a dividend of only 5 yuan per share, which is not only lower than the previous year’s dividend of 12 yuan, but the dividend rate is only 15%, and the total issuance will not exceed NT$10 billion The unsecured corporate bonds of the company have turned losses from a single quarter, low dividends, and issuance of bonds, and other signs show that they intend to prepare silver bullets to cope with the highly uncertain shipping market outlook this year.

The South Korean government spends more than 400 billion U.S. dollars to seize key technologies. Samsung will build five new chip factories in the country

Large South Korean companies, including Samsung Electronics (005930-KR), will join the government’s investment plan to invest US$422 billion in chips, electric vehicles and other fields in 2026. Samsung also confirmed that it will set up five new factories in the country .

Tags: Silicon Valley bank collapseCredit Suisse turmoil Zhang Zhongmou gave speech electricity price increase review week Anue tycoonTaiwan stock news

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