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On June 30th, South Korean media outlet The Bell reported on the 26th that Samsung Electronics is accelerating its development of the 1.4nm (SF1.4) process node. This advanced process was initially planned for mass production in 2027, but due to a shift in the focus of its foundry business, mass production has been postponed to 2029. The report indicates that Samsung Electronics recently shared its SF1.4 process solutions with major semiconductor equipment companies such as Applied Materials and Lam Research, hoping to achieve upstream and downstream collaboration and accelerate the development of the most suitable equipment combination for this node, including customized versions of standard equipment. Samsung Electronics has already acquired High NA EUV lithography patterning equipment from ASML, which is deployed in the NRD-K semiconductor R&D complex. For Samsung Electronics, the High NA EUV lithography machine is expected to be used in production at the SF1.4 node as early as possible.On June 30th, Applied Materials unveiled its product line of 3D chip manufacturing equipment for AI semiconductor applications. This series of equipment focuses on planarization, deposition, and metrology for advanced packaging processes such as high-bandwidth memory (HBM), chiplets, and hybrid bonding. Specifically, the unveiled equipment includes advanced chemical mechanical polishing (CMP), electrochemical vapor deposition (ECD), and plasma-enhanced chemical vapor deposition (PECVD) equipment for packaging, and also adds electron beam-based process control equipment and upgrades its epitaxial equipment for DRAM processes.On June 30th, Didi Chuxing (02559.HK), a Hong Kong-listed company, saw its shares surge by over 80% in early trading. This followed a joint announcement yesterday from the company and Tongcheng Travel (00780.HK), stating that Tongcheng Travel, through its wholly-owned subsidiary eLong, Inc., would launch a voluntary conditional full cash takeover bid for Didi Chuxing. The announcement revealed that five major shareholders of Didi Chuxing had signed irrevocable commitments, with the shares to be offered representing approximately 53.70% of Didi Chuxings issued share capital. The announcement clarified that the acquisition was not intended to privatize Didi Chuxing. Furthermore, Didi Chuxing proposed a special cash dividend of HK$1.1745 per share, subject to the fulfillment of all conditions. Shareholders who accept the share offer will still be entitled to the special cash dividend, regardless of whether they accept the share offer.JERA, Japans largest power company, signed a memorandum of understanding with Thailands Electricity Generating Corporation to jointly develop the value chain of hydrogen and ammonia in Thailand.The AI application sector in Hong Kong stocks continued its strong performance, with Zhipu (02513.HK) rising more than 10%, Zhixing Technology (01274.HK) rising more than 5%, and Horizon Robotics (09660.HK) and WeRide-W (00800.HK) following suit.

S&P 500 Price Forecast – Stock Markets Continue to Worry About Rates

Jimmy Khan

Feb 22, 2023 16:31


Technical Analysis of the S&P 500

The S&P 500 E-mini contract started overnight trading poorly and hasn't been making a lot of sense. Yet, the contract's high level of volatility persists, and as a result, downward pressure is beginning to build. It's important to note that the 200-Day EMA and the 50-Day EMA are located immediately below. Given that they are both rather flat, there may not actually be any momentum.


As it is slightly above the psychologically and structurally significant 4000 level, this may pave the way for a support level to develop in that approximate area. You must keep in mind that earnings season is now underway because it could cause the market to fluctuate. The moving averages and the psychologically significant 4000 level, if we were to break down below them, might drive the futures market and the index itself significantly lower.


It thus creates the chance of a decline down to the 3900 level, where we had experienced some buying pressure. Following that, there comes the 3800 level, which is considerably more significant and will get a lot of attention. When it comes to whether or not the market can save itself, we would be in that general area hanging on by a thread.


The previous two candlesticks have undoubtedly looked pretty bearish, and I think that may have some momentum built up in it. If the market were to flip around and bounce, then it may try to move towards the 4200 level. The minutes from the Federal Open Market Committee meeting, which are released on Wednesday, will undoubtedly also be relevant. This ought to provide traders a good indication of what the Federal Reserve members discussed during the meeting and whether or not there is an overall hawkish mindset or if there are any ice cracks appearing. This will have a significant impact on the market.

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