A few days ago, America once again increased restrictions on the launch of a large fund. The outside world generally believed that there would be no substantial counterattack. However, they did not expect that the counterattack measures would not only come so quickly, but also hit hard.
The hand of gallium and germanium can be said to hit the key point.
This weekend is destined to be restless, with all the hot spots dominated by this news.
As the popularity rises and the public's attention skyrockets, there are new rumors coming out, saying that this is just the beginning of the counterattack. If the restrictions on the opponent continue to escalate, the counterattack measures will be further upgraded, and the playable cards in hand will still be There are many, and they are all trump cards.
Once the gallium and germanium cards come out, it can take anywhere from six months to a year. Most of the global chip manufacturing industry will be shut down. Without the cooperation of gallium and germanium, not only chip manufacturing will be difficult to operate, but also many military and civilian technology industries will be extremely difficult to operate. Uncomfortable.
…
The next day, Monday, March 10th.
The A-share market jumped short and opened low at the opening today. After the opening, it opened low and plunged sharply. It showed a unilateral sell-off trend throughout the day without even a decent rebound.
The news of the counterattack during the weekend caused a sensation on the entire Internet and attracted countless people to applaud. However, the A-share market plummeted as a result. This news was interpreted by the capital market as a major negative.
What worries investors the most is that the game between the world's two largest economies is escalating, and expectations of future uncertainty are intensifying.
What investors dislike most is this uncertainty.
Today, the RMB has depreciated rapidly in the foreign exchange market, and it is rumored that hot money is flowing out rapidly, which will aggravate the shortage of liquidity in the market.
Coupled with the previous news of 100 million yuan, the market interpreted the arrival of accelerated market expansion, which will have a certain impact on the capital market.
In addition, there are rumors that the Financial Futures Exchange requires institutions that are short rather than long in stock index futures to prohibit opening short orders in order to keep the market index at the 2,000-point mark.
All in all, due to the combination of a series of comprehensive factors, Big A fell flat today, and the Shanghai Stock Index failed to hold on to the 2,000-point integer mark.
As of the close of trading, the three major A-share indexes fell across the board. The Shanghai Composite Index fell -2.86% to close at 1999.06 points; the Shenzhen Component Index fell -2.87% to close at 7118.44 points; the ChiNext Index fell -367% to close at 1407.07 points. .
From a sector perspective, the hottest thing today is the surge in stocks related to germanium and gallium raw materials.
Many investors cannot understand that, logically speaking, controls will be implemented soon. The sales of these raw material suppliers will definitely shrink, their performance should decline, and their stocks should also fall.
It is true that there is nothing wrong with this logic, but the price has increased, and it has increased dramatically. The logic of price increase is one of the strongest good news in the market.
In fact, these are secondary. The most important thing is that the popularity has increased, the attention has increased, and there are stories to tell. These give room for short-term emotional speculation.
The semiconductor sector collapsed again today and continued to plummet. The sector index was once again a negative line exceeding 7 percentage points, and stocks related to the semiconductor industry chain rose and fell to the limit.
It is worth mentioning that most of the chip stocks listed on the A-share market now rely heavily on overseas technology. To put it bluntly, it is easy to get stuck. However, most semiconductor companies with real technical strength have not yet been listed, that is Qunxing. None of the semiconductor companies that capital has invested in have yet been listed.
Otherwise, the semiconductor sector would not have fallen like this today.
However, when Big A once again fell below the 2,000-point mark, Qunxing Capital silently chose to continue buying the bottom. Now it has basically completed the layout of the main expected positions, and now it is buying more of the last bit of the tail position.
On Wednesday, the market index reached a new low of 1974.38 points. However, it rebounded to 1997.69 points in late trading after the entry of bargain hunting funds from Qunxing Capital. It returned to above the 2000-point mark again on Thursday the next day.
In terms of reality outside the capital market, the quotations of germanium products in the international market have experienced extremely alarming growth. The quotations of germanium products in the domestic market have soared to more than 10,000 yuan per kilogram, while the export quotations have soared to 1,600 yuan per kilogram. USD and above.
This impressive price increase surprised the industry and generated widespread attention and news coverage.
It can be said that this wave of counterattack directly led to the urgent demand for germanium products from international chip manufacturers. The rapid release of this demand caused earth-shaking changes in the domestic germanium market overnight, and product prices soared. , has become a hot topic in the market.
This is undoubtedly good news for relevant domestic companies.
Against the background of changes in the global supply and demand pattern, relevant domestic companies also have greater market space and negotiating power, and the interests involved are no longer limited to the bottom level of trade, but have gradually risen to the level of resources and technology. game.
…
In the afternoon, stay in the villa quietly.
Fang Hong held a video conference with the heads of semiconductor companies invested by Qunxing Capital. These companies are all holding subsidiaries of Qunxing Capital. They cover the upstream, middle and downstream of semiconductors, and are responsible for the important task of replacing domestic products in the semiconductor industry chain. , was also someone who had high hopes from Fang Hong.
In addition, Chen Yu, who is in charge of Quantitative Capital, Qin Feng, who is in charge of Xingyu Technology, and others also participated in this meeting. Their main business is not making chips, but they are also closely related to semiconductors. Xingyu Technology is doing IC design, and Quantitative capital is engaged in graphics card display chips.
"When the gallium and germanium cards are played, for international chip manufacturing factories, there are only a few options for their supply chain." Fang Hong said with a smile while looking at the scenes of everyone in the video conference: "The first is to seek permission. But the time window is too narrow, it will take effect on April 15, and there are not many opportunities left for them."
Fang Hong continued: "The second is to seek alternatives. But distant water cannot quench the thirst of nearby people. The key point is the water source of distant water. There are not many places in the world. Even if you want to find distant water, it is useless. There is no specialized water source in the world. Gallium and germanium mining, mineral processing, smelting, rough processing, fine processing and other vertical industrial chains."
Everyone at the meeting couldn't help but nodded. They were secretly guessing that this card might have been suggested by the big BOSS. Everyone knew that it could be used as an internal reference. It was not known whether this was the case, because Fang Hong also He didn't say it, and he wouldn't say it.
Fang Hong continued: "The third is inventory response. This road is still blocked. The inventory of gallium and germanium of those international supply chain manufacturers can range from one or two months to six or seven months. Like the stick next door, the inventory can only be It will last for more than 40 days. When the inventory is used up, most of the international chip manufacturing factories will have to shut down, especially high-end chips."
Those present at the meeting were all industry insiders and knew exactly what it meant.
By then, not only the 14nm and below processes will be shut down, but also the 20nm, 28nm and above processes. The chip manufacturing process of the 32nm process has already achieved domestic breakthroughs and will not be affected. It can be put into mass production this year. The technology of 28nm and below processes is still being tackled. The 32nm process can be fully mass-produced in the fourth quarter of this year. .
As for high-end chips, they stopped selling them to you last year anyway, and another key factor is that Fang Hong and his boss have promised to tie up with the world's most advanced level in high-end chips around 2018.
Naturally, there was nothing to worry about, so he just turned the table over.
…
(Ps: The last one was swallowed...)
(End of chapter)
