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February 2nd - TSMCs 2nm production capacity has been fully booked by global tech giants. AMD plans to begin producing CPUs based on its 2nm process in 2026, while Google and AWS are reportedly planning to adopt this process in the third and fourth quarters of 2027, respectively. Furthermore, Nvidia plans to launch its "Feynman AI" GPU in 2028, which is expected to use TSMCs A16 process, featuring a rear-mounted power supply design.Iran has stated that the framework for negotiations with the United States will be finalized in the coming days.February 2nd - The China Automobile Dealers Association released its latest "Automobile Consumption Index" on February 2nd, 2026: the index for January 2026 was 31.1. Sales in February are expected to decline compared to January, as the market enters a slow season due to the Spring Festival holiday. The February automobile market is expected to enter a period of adjustment due to a combination of factors, including the long Spring Festival holiday, previous demand depletion, the reduction of purchase tax on new energy vehicles, and consumer expectations for post-holiday promotions and new product launches.February 2nd - Samsung Electronics and SK Hynix plan to convert their investments in cutting-edge NAND flash memory in the second quarter of this year. Samsung Electronics is discussing a conversion investment of approximately 40,000 to 50,000 wafers per month, with mass production expected to begin next year.On February 2nd, Puran Technology announced that during a roadshow, it stated that prices for small and medium-capacity NOR Flash products are currently showing a recovery trend. NOR Flash production capacity is interconnected; high-capacity products have higher unit value and consume more capacity. Coupled with the dual effects of supply shortages and demand stimulation, high-capacity products saw price increases earlier in this round, which are gradually spreading to small and medium-capacity products. The companys NOR Flash prices are currently maintaining a generally moderate upward trend. The company has already made reasonable price increases for some of its memory chip products. The company will continue to adjust product prices based on factors such as market supply and production costs. Currently, price adjustments vary across different regions and for different customers.

Oil prices rise from 6-month lows as U.S. inventories decrease

Haiden Holmes

Aug 17, 2022 11:37

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Oil prices rose on Wednesday, recovering from six-month lows touched the day before, as a larger-than-expected decrease in U.S. oil and gasoline stocks reminded investors that demand remains healthy despite the likelihood of a global recession.


Brent crude futures climbed 13 cents, or 0.1%, to $92.47 per barrel at 00:35 GMT. West Texas Intermediate (WTI) crude increased by 27 cents, or 0.3%, to $86.80 a barrel.


Tuesday saw a decrease of nearly 3 percent in contracts as dismal U.S. housing starts data fueled worries of a global recession.


"A fall in U.S. gasoline stocks for the second consecutive week has reassured investors that demand is resilient, spurring purchases," said Fujitomi Securities Co.'s chief analyst, Kazuhiko Saito.


Concerns about the likelihood of a worldwide recession are anticipated to keep the oil market under pressure and volatile.


According to market sources citing Tuesday's American Petroleum Institute report, crude and fuel stockpiles in the United States dropped during the previous week.


Inventories of crude oil declined by around 448,000 barrels in the week ending August 12. According to the sources, gasoline stocks declined by about 4.5 million barrels, while distillate stocks decreased by about 759,000 barrels.


According to a comprehensive poll conducted by Reuters on Tuesday, oil stockpiles likely decreased by roughly 300,000 barrels last week, while gasoline inventories likely decreased by approximately 1.1 million barrels and distillate inventories increased.


Moreover, investors anticipated clarification over efforts to reinstate the 2015 Iran nuclear deal. According to analysts, if Iran and the United States agree to a European Union plan to eliminate restrictions on Iranian oil exports, the oil supply might increase.


The European Union and the United States said on Tuesday that they were reviewing Iran's response to what the EU termed its "last" proposal to rescue the 2015 nuclear agreement, in response to Tehran's request for Washington to show flexibility.


Barclays (LON:BARC) lowered its Brent price forecasts for 2022 and 2023 by $8 per barrel on Tuesday, forecasting a large surplus of crude oil due to "resilient" Russian supplies in the near future.

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