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The U.S. House of Representatives has proposed a provision impeaching Trump and plans to vote on it this week. US stock futures rallied on Tuesday the 12th. Dow Jones futures were up 0.22%, S&P 500 futures were up 0.24% and Starck 100 futures were up 0.32%.
1. The United States House of Representatives begins the second impeachment process against Trump
The United States House of Representatives is about to begin the impeachment process of Trump. On Monday (11), the House of Representatives proposed an impeachment clause and plans to vote on it this week. If the impeachment is successful, Trump may become the first president in American history to be indicted twice. .
Last Wednesday (6) Trump tweeted that he would never give up and never admit defeat. Trump supporters stormed the Capitol out of control and erupted into bloody clashes. The Democratic Party believes that Trump’s move is suspected of inciting public violence. Trump’s second impeachment trial proceeded with extraordinary speed.
Democrats in the U.S. House of Representatives on Monday proposed an impeachment clause, accusing Trump of inciting rebellion, undermining the peaceful transfer of power and committing serious crimes and misdemeanors.
Democrats Jamie Raskin, Representative David Cicilline and House Democrats Liu Yunping (Ted Lieu) spearheaded the launch of the impeachment case. At least 210 members of the House of Representatives signed the endorsement.
2. Intel intends to use TSMC’s new 7nm process to build graphics chips
Reuters reported that Intel (INTC-US) plans to use TSMC’s (2330-TW) (TSM-US) new 7-nanometer process to produce second-generation discrete graphics chips for personal computers (PCs) in order to compete with emerging. Confrontation Flight (NVDA-US).
Two sources revealed that Intel’s “DG2” chip will be produced using TSMC’s new process. The new process has yet to be named and is an improved version of the 7nm process.
Intel has always been the leader in global chip production technology, but its manufacturing advantages have been lost in recent years. It is evaluating the possibility of outsourcing some of its flagship CPU chips, which are scheduled to be released in 2023.
Intel has outsourced the production of non-flagship CPU chips and is also a major customer of TSMC. Intel’s autonomous driving division chief Mobileye told Reuters last month that the company’s autonomous car processors will continue to be produced by TSMC, using a 7-nanometer process.
3. US tariffs on parts and wine from German and French aircraft
The 16-year dispute between the US and Europe over aircraft subsidies has not been resolved. The US government said on Monday (11) that new tariffs on French and German aircraft parts will come into effect on Tuesday, involving the production of Airbus components. In some European countries, your wines will also face tariffs of 25%. The EU said it will seek a quick solution from the Biden government.
The U.S. Customs and Border Protection (CBP) notified transportation operators Monday that the new rates will go into effect at 12:01 a.m. Tuesday.
The Office of the United States Trade Representative (USTR) previously announced that it would impose an additional 15% duty on European aircraft parts, such as fuselage and wing components, and a 25% duty on certain wines. Regarding the new tariffs in the United States, the European Union said it will seek a quick solution with the president-elect of the United States, Biden, who was sworn in on January 20.
4. iPhone shipments in China increased almost 50% in the fourth quarter of last year.
JP Morgan stated in a letter to customers on Monday (11) that despite the seasonal decline in overall shipments of Chinese mobile phones in December last year, Apple (AAPL-US) still made significant progress. Total shipments from China still reached nearly 18 million, an increase of nearly 50% from 2019.
Samik Chatterjee, Xiaomo’s chief analyst, said data from the China Academy of Information and Communications Technology (CAICT) showed that China’s mobile phone shipments in December decreased by about 10% compared to the previous month. , and shipments of international brands with Apple as the largest share decreased by 13%. , Chinese brands fell 9%.
This means Apple’s shipments in December fell to 20.6 million, but Chatterjee said this level is a normal “post-peak consumer trend” and roughly in line with expectations.
Additionally, according to CAICT data, international brand mobile phone shipments reached 18.8 million in the fourth quarter, a growth of 48% compared to 2019, which means that “Apple’s market share is growing with strength”.
5. SoftBank sells 2 billion shares of Uber
The global ride-sharing platform Uber (UBER-US) has exploded rapidly since November last year. Its share price has surpassed its pre-epidemic price and continues to hit new highs. However, on Monday (11), according to US regulatory documents, Japan’s SoftBank’s Vision Fund (Vision Fund) is making a profit and has sold approximately US $ 2 billion worth of Uber stock.
According to a document submitted by SoftBank Vision Fund to the US Securities and Exchange Commission (SEC), the fund’s subsidiary SB Cayman 2 sold shares of Uber on Thursday (7) at an average price of $ 53.46 and sold a total of 38 million shares.
SEC documents show that SoftBank still has nearly 184.2 million shares of Uber, which are worth around US $ 10 billion at current prices.
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