Daily Brief Thematic (Sector/Industry): Ohayo Japan | TSMC Boosts Tech Stocks and more

In today’s briefing:

Ohayo Japan | TSMC Boosts Tech Stocks
China Property Developers In Distress – Weekly News & Announcements Tracker | Jan 12-18, 2024
Chinese Auto Chip Firms Racing to Cash In on NEV Boom

Ohayo Japan | TSMC Boosts Tech Stocks

US stocks higher on rally in Apple shares and chip stocks; AAPL +4% on broker upgrade; TSMC +9% after earning beat and strong outlook.
Japan faces a crisis with 250,000 “zombie” companies at an 11-year high in fiscal 2022, a 30% rise, burdened by pandemic support and escalating debt, reveals Teikoku Databank.
Sekisui House launches $5 billion bid for US housebuilder; Fujitsu to refrain from bidding on UK projects; Honda expects 10% sales growth in US this year.

This note is a weekly curated selection of Chinese news articles and company announcements focused on developers in distress
We look for their deals, updates, specific project progress news (‘local signals’), as well as relevant local research commentaries about the market
We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to sources

Chinese firms are rushing to make their own auto chips as demand continues to increase in the world’s largest car market.
In 2023, there were more than 300 local auto chipmakers, nearly 10 times the number from three years ago, said Yuan Chengyin, general manager of National New Energy Vehicle Technology Innovation Center, a NEV research center funded by the Ministry of Science and Technology.
China provides the best market for auto chipmakers as the demand for smart driving cars is much higher compared with other countries, said Zhang Qiang, chairman of Wuxi-based auto chipmaker Xinchi Technology, at a business event Tuesday.

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