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On January 13, the Guangzhou Municipal Bureau of Industry and Information Technology publicly solicited opinions on the "Several Policies of Guangzhou Municipality on Promoting the High-Quality Development of the Integrated Circuit Industry Across the Entire Chain During the 15th Five-Year Plan Period." The policy proposes that integrated circuit companies whose products or production lines pass the International Automotive Electronics Association (IATE) automotive-grade product testing standards (AEC-Q series), automotive-grade power module reliability testing and certification standards (AQG series), automotive quality management system standards (IATF16949), or road vehicle functional safety standards (ISO26262) will receive subsidies of up to 30% of the actual certification cost, with a maximum annual subsidy of 2 million yuan per company.On January 13th, the Guangzhou Municipal Bureau of Industry and Information Technology publicly solicited opinions on "Several Policies of Guangzhou Municipality on Promoting the High-Quality Development of the Integrated Circuit Industry Across the Entire Chain During the 15th Five-Year Plan Period." The policy encourages enterprises in fields such as intelligent connected and new energy vehicles, communication equipment, artificial intelligence, the Internet of Things, and industrial control to strengthen collaboration with integrated circuit companies through regular supply and demand matchmaking meetings, opening up application scenarios, and prioritizing product application, thereby cultivating a reliable and stable high-level supply chain. It also emphasizes leveraging Guangzhous key industrial advantages, supporting vehicle manufacturers and display companies to increase the promotion and application of key designed and manufactured automotive-grade chips and display chips, driving the return of design companies to the manufacturing sector and the technological upgrading of manufacturing enterprises.On January 13th, the Guangzhou Municipal Bureau of Industry and Information Technology publicly solicited opinions on the "Several Policies of Guangzhou Municipality on Promoting the High-Quality Development of the Integrated Circuit Industry Across the Entire Chain During the 15th Five-Year Plan Period." The policy encourages and supports relevant entities to strengthen upstream and downstream collaboration within the industrial chain and actively undertake major integrated circuit projects undertaken by national ministries and commissions. Based on national matching requirements and the actual allocation of funds by the state, the city will provide corresponding matching funds, and encourages districts to provide corresponding matching funds and actively seek provincial-level matching funds.On January 13th, the Guangzhou Municipal Bureau of Industry and Information Technology publicly solicited opinions on the "Several Policies of Guangzhou Municipality on Promoting the High-Quality Development of the Integrated Circuit Industry Across the Entire Chain During the 15th Five-Year Plan Period." The policies encourage integrated circuit manufacturing enterprises to increase investment in technological upgrading. For investment projects that meet relevant conditions, a post-investment reward of up to 20% of the new equipment purchase amount will be provided. The scope of support for newly purchased equipment will be expanded from production equipment to energy-consuming equipment, power distribution equipment, and supporting software used by the enterprise itself. The reward amount for a single project will not exceed 30 million yuan. A post-investment reward of up to 2% of the actual investment in factory construction and installation projects within the scope of the technological upgrading registration for the above-mentioned projects will be provided, with a maximum reward of 5 million yuan per project.On January 13, the Guangzhou Municipal Bureau of Industry and Information Technology publicly solicited opinions on the "Several Policies of Guangzhou Municipality on Promoting the High-Quality Development of the Integrated Circuit Industry Across the Entire Chain During the 15th Five-Year Plan Period (Draft for Solicitation of Opinions)". The draft mentions accelerating breakthroughs in the design of high-end general-purpose chips such as processors, memory chips, and edge computing chips; actively supporting the development of specialized chips such as RISC-V (an open-source instruction set architecture based on the principle of reduced instruction set), automotive-grade, display drivers, sensors, optical communication, and 6G; strengthening support for the first-round tape-out of integrated circuit companies products; and providing subsidies of up to 50% of the tape-out cost to qualified companies that conduct tape-out of 28nm and below chips with independent intellectual property rights or significant competitive advantages.

DOGE Eyes a Return to $0.0850 to Aim for $0.090 as FTX Contagion Declines

Daniel Rogers

Nov 23, 2022 15:37

截屏2022-11-23 下午2.24.11.png 

 

On Tuesday, both Dogecoin (DOGE) and shiba inu coin (SHIB) snapped two-day losing streaks. FTX contagion risk diminished as word of FTX cash holdings and investor interest in FTX assets spread. However, technical indications remain gloomy, with exponential moving averages (EMAs) predicting additional declines.

 

On Tuesday, dogecoin (DOGE) gained 5.23 percent. Reversing Monday's loss of 2.99%, DOGE ended the day at $0.0785. Notably, DOGE closed the day below $0.0800 for the third session in a row.

 

The mid-morning low for DOGE was $0.0729. Avoiding the First Major Support Level (S1) at $0.0715, DOGE climbed to a high of $0.0796 in the early afternoon. At $0.0774, DOGE surpassed the First Major Resistance Level (R1) before retreating. However, a late surge caused DOGE to surpass R1 and close the day at $0.0785.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

On Tuesday, the price of Shiba inu coin (SHIB) increased by 4.76 percent. SHIB closed the day at $0.000000881, reversing Monday's decline of 4.21%.

 

In line with the larger market, SHIB reached a low of $0.00000817 during midmorning. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB surged to a high of $0.00000883 by early afternoon. At $0.00000873, SHIB surpassed the First Major Resistance Level (R1) and closed the day at $0.00000881.

 

FTX contagion risk diminished on Tuesday, providing assistance to DOGE, SHIB, and the broader market. Updates on FTX's assets revealed a substantial cash position, which would mitigate the impact of the company's bankruptcy on its creditors.

 

Reports that Justin Sun of Tron and Brad Garlinghouse of Ripple are interested in FTX assets generated additional support.

 

Nonetheless, Twitter news remained unfavorable for DOGE. There was no new information on Twitter's resumption of the crypto integration project that would promote DOGE adoption.

 

However, investor sentiment increased significantly this morning. Risk of FTX contagion remains the primary motivator. Until the court reveals who FTX's creditors are, downside risks will persist. On Tuesday, the bankruptcy judge ruling over FTX decided to redact the identities of FTX's creditors.

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