Chinese Concept Stocks | TSMC Boosts Nasdaq Index Amid Japanese Plant Expansion and AI Chip Partnership with Apple
5min read On December 13th (Friday) Eastern Time, the three major U.S. stock indices showed mixed trends. The S&P 500 Index fell by 0.00%, closing at 6051.09 points; the Dow Jones Index fell by 0.20%, closing at 43828.06 points; the Nasdaq Index rose by 0.12%, closing at 19926.72 points.
On December 12th, the Nasdaq Golden Dragon China Index rose by 0.18%.
Among popular Chinese concept stocks, TSMC rose by 4.98%, Baidu rose by 0.55%, XPeng Motors fell by 3.75%, Pinduoduo fell by 2.28%, Bilibili fell by 2.17%, JD.com fell by 2.15%, Alibaba fell by 1.58%, NIO fell by 1.53%, and NetEase fell by 0.86%.
Companies experiencing consecutive gains among Chinese concept stocks include Meiwu Technology with a recent change of 11.81% over 8 consecutive days and a cumulative change of 69.44%, Zhihu Group with a recent change of 0.64% over 6 days and a cumulative change of 18.43%, Metaverse Holdings with a recent change of 0.59% over 6 days and a cumulative change of 47.45%, Microvast Holdings with a recent change of 0.79% over 4 days and a cumulative change of 9.48%, Ata Creativity with a recent change of 1.14% over 4 days and a cumulative change of 8.52%, Kingsoft Cloud with a recent change of 0.46% over 4 days and a cumulative change of 1.38%, and MKDWELL Tech with a recent change of 4.66% over 4 days and a cumulative change of 75.27%.
Companies experiencing consecutive declines among Chinese concept stocks include TH International with a recent change of -1.67% over 8 consecutive days and a cumulative change of -28.16%, BaiJiaYun with a recent change of -12.89% over 7 days and a cumulative change of -48.22%, Eastern Culture with a recent change of -2.26% over 6 days and a cumulative change of -20.25%, LiChen China with a recent change of -6.13% over 6 days and a cumulative change of -91.33%, Mcloud with a recent change of -5.33% over 5 days and a cumulative change of -19.77%, Fushe Financial Technology Group with a recent change of -10.71% over 5 days and a cumulative change of -28.04%, Jinxuan Group with a recent change of -1.69% over 5 days and a cumulative change of -25.42%, and Nature's Sunshine Products with a recent change of -4.78% over 5 days and a cumulative change of -77.24%.
TSMC's First Wafer Plant in Japan Expected to Begin Mass Production by Year-End
TSMC's first wafer plant in Japan is expected to begin mass production by the end of the year.
Geely and Baidu Issue Joint Statement: Will Actively Assist in Handling Jidu Related Matters
On December 13th, Geely and Baidu issued a joint statement regarding Jidu Auto, stating that as shareholders, they will actively assist Jidu's management to properly address relevant matters: resolving employee social security payments and compensation for departing employees, maintaining normal use, after-sales, and maintenance of user vehicles, and promoting the reasonable and lawful resolution of other issues. It is reported that Geely and Baidu internally completed the transfer process on the evening of December 12th to pay Jidu employees' November social security. Jidu Auto Co., Ltd. is a new car-making startup jointly invested by Geely Holdings and Baidu Holdings, exploring the innovative transformation of automotive intelligence. Jidu Auto's products are manufactured by Geely factories and operated exclusively by Jidu. Due to significant changes in the industry competition landscape, the original business plan could not be executed, and operations faced challenges.
NIO's Li Bin: Automakers Cannot Have Weaknesses, Industry Profitability Expected to Recover in Two to Three Years
NIO founder and chairman Li Bin stated at a media briefing that the competition among smart electric vehicle companies is no longer limited to one aspect such as product, technology, or service; the automotive industry cannot have weaknesses and needs to compete in multiple dimensions comprehensively. The entry of technology companies like Huawei and Xiaomi has brought significant changes to the industry, traditional car companies are making substantial investments, and emerging startups are also building their capabilities comprehensively. Therefore, higher dimensional competition means more comprehensive and multi-dimensional competition, and everyone can truly feel the intensity and multi-dimensional nature of it. Li Bin believes that after two to three years of fierce competition, the automotive market is expected to enter a stable phase of profitability recovery.
Dong Yuhui Establishes Three New Companies in Beijing, Recently Established Three Companies
Dong Yuhui established three new companies in Beijing on December 13th, including a subsidiary with a registered capital of 10 million yuan, Zi San Sheng (Beijing) Technology Co., Ltd., involving multiple fields such as internet information services. The company is jointly held by Zhongnan Outlook (Xi'an) Technology Co., Ltd., Dong Yuhui, and Chang Ge You He (Beijing) Technology Partnership, demonstrating rapid business expansion.
Jidu CEO Xia Yiping: Won't Run Away! Agrees to Reasonable Employee Demands, Communicates with Baidu and Geely Workgroups
According to internal sources at Jidu Auto, on the evening of December 12th, Jidu CEO Xia Yiping informed all employees of the latest progress via a Feishu group message. Xia Yiping stated: "In Shanghai, social security, housing fund, and individual income tax have been paid; in Beijing Jidu Technology, the housing fund has already been paid, and because the system couldn't process social security and individual income tax tonight (December 12th), it will be processed at the counter early tomorrow morning (December 13th); in Beijing Jidu Service, social security, housing fund, and individual income tax have been paid; in Wuhan, social security, housing fund, and individual income tax have been paid; in Zhejiang, the housing fund was already paid, and social security and individual income tax will be paid tomorrow (December 13th); in other cities, social security and housing fund have been paid, and individual income tax will be paid tomorrow (December 13th)."
Jidu to Initiate Two Rounds of Communication with Baidu and Geely, Final Employee Compensation Plan to Be Determined on December 17th
At 4:30 a.m. on December 13th, Jidu's Xia Yiping stated in the company's all-employee group that after communicating with employee representatives, they agreed to the reasonable demands made by employees and formulated a communication and promotion plan with Baidu and Geely, which will be completed from December 13th to 17th. It is understood that Jidu employees have listed a set of demands, including the requirement to pay the November-December social security and individual income tax for all employees, N+1 compensation to be received by December 31st of this year, settlement of December's in-service wages, and issues involving pregnant women, aftermath employees, injured employees, employees in the process of settlement, frontline employees, and employee car owners.
Reports Suggest Baidu and Geely are Processing Transfers to Pay Jidu Employees' November Social Security
According to media reports, Jidu CEO Xia Yiping held a closed-door meeting with major shareholders Geely and Baidu on the evening of December 12th. After multiple rounds of communication, Baidu and Geely are internally processing transfer procedures to pay the overdue November social security for Jidu employees. Shareholders Geely and Baidu have established an emergency team to participate remotely. Baidu and Geely have not commented on this information.
CSPC: Enters Exclusive Licensing Agreement with BeiGene for SYH2039
On December 13th, CSPC announced on the Hong Kong Stock Exchange that the group has entered into an exclusive licensing agreement with BeiGene for the group's new methionine adenosyltransferase 2A (MAT2A) inhibitor (SYH2039), as well as any subsequent drugs developed or containing the compound for global development, manufacturing, and commercialization.
Apple Reportedly Collaborating with Broadcom to Develop AI Chip, TSMC to Receive Major Order for Advanced Process
According to reports, Apple intends to invest in the self-development of AI chips in collaboration with Broadcom, using TSMC's 3nm process for production, with mass production expected in 2026. It is anticipated by industry analysts that once Apple's self-developed AI chip is completed, the chip orders could be significant, and TSMC's advanced process will receive another major order. Currently, Apple uses a self-developed strategy for the A series processors used in iPhones and the M series processors used in Mac computers, all exclusively manufactured by TSMC. Industry analysts believe that once Apple's self-developed chips extend to AI chips, the cooperative relationship between Apple and TSMC will become even closer.
