ChongMing Group-HK Int'l Co., Ltd.

Name: ChongMing Group-HK Int'l Co., Ltd.
Address: Room 1204, DingCheng International Building, Futian District, SHENZHEN, CN, Shenzhen, 518028, CN
Telephone: +8617722848787

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ChongMing Group-HK Int'l Co., Ltd.

www.icmemorychip.com CHONGMING GROUP (HK) INT'L CO., LIMITED located in Hong Kong and Shenzhen, established in 2008.

We are an independent Distributor of Electronic Components, provide all-in-one procurement solution. AS a growing fast company, CM GROUP is renowned for its world-class efficiency, excellent services, and extraordinary ability to supply electronic components that are hard to find and even obsolete. We have taken pride in our innovation, reliability and service, especially in the semiconductor mark

etplace. Our distribution brands include TEXAS INSTRUMENTS,ON,ST,TOSHIBA, NXP,MICROCHIP,CYPRESS,FREESCALE,ATMEL,AD, ALTERA,etc. We distributes over 200,000 products ranging from semiconductors to resistors, capacitors, diodes, inductors, connectors, transistors, sensors and so on. Our mission is to meet and exceed all the expecations of what we supply to customers. In the future, we will continue to seek common development with our partners!

31/07/2023

July 31st news,

(1) It is reported that is considering canceling the plan to build a US$1 billion factory in India.
(2) will make a major investment in its existing semiconductor fab in Beaverton, OR.
(3) 's revenue in the first half of the year was 189.246 billion yuan, a year-on-year increase of 67.52%. Close to the revenue of Korea's top three battery makers including New Energy.
(4) will invest US$400 million in India within five years to open the largest design center.
(5) 's Q2 financial report has achieved 13 consecutive quarters of growth, reaching US$3.26 billion, an increase of 10% year-on-year. Among them, the growth rate in the automotive field is the highest, followed by the industrial market, followed by the communication market, and the consumer market has a slight decline.
(6) According to the agency, global smartphone shipments in Q2 fell to 258 million units, and and both fell by more than 10% year-on-year.
(7) released its Q3 financial report on August 3rd, with expected revenue of no less than US$8.1 billion.
(8) Q2 net income was US$4.33 billion, a year-on-year increase of 12.7%, thanks to the continued strong growth of the automotive and industrial businesses.

28/07/2023

July 28th news,

(1) On July 27, announced the termination of its acquisition of Technology, closing a $3.8B cash and stock deal. On July 28, Technology responded: the termination of the acquisition is invalid, and must abide by the performance of the merger agreement.
(2) In the second quarter of 2023, the global smartphone market fell by 10% year-on-year to 258 million units, and the market recession has slowed down.
(3) China recently issued the "Guidelines for the Construction of the National Internet of Vehicles Industry Standard System (Intelligent Networked Vehicles) (2023 Edition)".
(4) announced that it has locked in a total of $1.95 billion in long-term supply agreements (LTSA) to provide smart power technology to several leading photovoltaic inverter manufacturers.
(5) 's revenue fell 13% to $4.53 billion in the second quarter of this year.
(6) plans to continue reducing memory chip production in the second half of the year to accelerate inventory normalization. They will continue to adjust the production of DRAM and NAND flash memory, especially significantly reducing the production of NAND flash memory.
(7) announced that since the launch of the Nissan Leaf in December 2010, its global sales of electric vehicles have exceeded 1 million, of which nearly one-third were sold to Europe.

27/07/2023

July 27th news,

1.On July 25 local time, the Council of the European Union approved regulations aimed at strengthening the European semiconductor ecosystem, namely the " ".

2. The US SIA found on the 25th that the US semiconductor industry will face a serious talent shortage by 2030, with a gap of 67,000.

3. 's third-quarter revenue is expected to be between $4.36 billion and $4.74 billion, after a 13% decline in second-quarter revenue. TI said customers outside the automotive industry continued to cut chip orders and instead relied on existing inventories. The current inventory cycle has reached 207 days.

4. Electronics' Q2 revenue was 60 trillion won, and the revenue of the storage business still fell by more than 50% year-on-year.

26/07/2023

July 26th news,

1.The Linux Foundation announced the establishment of the Ultra Ethernet Consortium ( ), which includes , , , , , , , , and as founding members.
2.
2. The Android version of is officially launched. Android users in the United States, India, Bangladesh and Brazil can download it in the Play store, and plan to expand to other countries next week.

3. In June 2023, the sales of semiconductor manufacturing equipment in Japan were 259.222 billion yen, a year-on-year decrease of 8.9%, and the first shrinkage in five months. Monthly sales fell below the 300 billion yen mark for the first time in four months, the lowest level in the past two years, the largest decline in three and a half years.

4. S&P Global Mobility estimates that the sales of new light vehicles in the United States will reach 1.33 million in July, an increase of 18% over the same period last year. The report also raised its forecast for U.S. light vehicle sales in 2023 to 15.4 million from a previous estimate of 15.1 million.

25/07/2023

July 25th news,

1.In order to ensure the supply of key components, the German government plans to allocate 20 billion euros to support the semiconductor manufacturing industry.

2. 's second-quarter financial report will be released on August 2, with an estimated revenue of US$5.0-5.6 billion.

3.560 million euros. acquires shares in Friedrichshafen AG Chassis Modules.

24/07/2023

July 24th news,

1. Japan officially implements equipment export regulations for new chips, affecting 23 types of manufacturing equipment.

2. released its Q2 financial report on Friday. It is estimated that the revenue in the second quarter will be 11.5-12.5 billion US dollars.

3. In the second quarter of 2023, achieved net sales of 6.9 billion euros, a gross margin of 51.3%, and a net profit of 1.9 billion euros. The amount of new orders in the second quarter of this year was 4.5 billion euros, of which 1.6 billion euros were orders for EUV lithography machines.

4. The new regulations for traffic decarbonization in Europe: set up a charging station every 60KM, and set up a hydrogen refueling station every 200KM.

5. In the first quarter of this year, three-quarters of electric vehicle sales in the Southeast Asian market came from Chinese manufacturers. Thailand, Southeast Asia's main regional auto manufacturing hub, accounted for 79% of all electric vehicle sales across the region in the first quarter.

21/07/2023

July 21st news,

1. ’s Arizona plant will be delayed, and , which was originally planned to be mass-produced in 2024, will be postponed to 2025.
2.
2. chips are growing explosively, and the revenue of will exceed 10% within 5 years.

3. In addition to hynix, decided to invest 1 trillion won to mass produce HBM3 in the second half of the year, and Micron also began to increase investment in .

20/07/2023

July 20th news,

1. The China Semiconductor Industry Association issued a statement: always adhere to open cooperation.
2. 's revenue in the second quarter was US$15.68 billion, down 13.7% year-on-year but in line with expectations.
3. 's Q2 net sales are 6.9 billion euros, and the annual growth is expected to reach 30%.
4. The UK CMA provisionally approved 's $69 billion acquisition of on the 19th local time.
5. plans to invest $2.16 billion to jointly acquire .

19/07/2023

July 19th news,

1. Sources say is working with suppliers to shift production of millions of consumer and business notebooks to Thailand and Mexico this year. And plans to transfer part of the notebook production to Vietnam next year.

2. According to the latest data from Counterpoint Research, global PC shipments in the second quarter of 2023 fell by 15% year-on-year, but increased by 8% quarter-on-quarter.

3. refute the rumors! 88 billion rupees to build a factory in India is NOT true.

18/07/2023

July 18th news,

1. Newly discovered rare earth deposits in the United States: Recently, a private rare earth element exploration and development company "U.S. Critical Materials' announced that the Sheep Creek deposit located in Montana in the northwest of the United States, its total rare earth oxides (TREO) is the largest in the United States Highest of all rare earth deposits.

2. The US SIA warns: the US should avoid "further" restrictions on chip sales to China, otherwise it may in turn hurt the benefits brought by the chip law subsidy, which in turn will affect the expansion of the industry in the US.

3. The demand for semiconductors has declined, and the operating loss of Electronics' DS business unit is expected to exceed 10 trillion won this year.

4. After Phison revealed that the original NAND factory has a strong willingness to raise prices starting in July, another agency news came out that , Digital and other manufacturers believe that the price of memory chips has bottomed out, and plan to cancel the discount and let customers advance Pull goods, or push up DRAM prices.

5. Second coaching change in two years, 's high-level changes are frequent.

17/07/2023

July 17th news,

1. Due to strong orders from customers such as , ’s advanced packaging CoWoS production capacity is tight, with a gap of 10% to 20%, and customers request TSMC to expand CoWoS production capacity.
2. is negotiating with and Japan's TMH Group to build a semiconductor factory in India.
3. Involving mobile phones, disclosed the patent licensing rates of its mobile phones, WiFi, Internet of Things and other ICT technologies at a forum event held in Shenzhen.
4. 's Q3 capacity utilization rate is expected to rise to over 80%, and revenue growth exceeds 10% month-on-month.
5. The continued sluggish demand for semiconductors dragged down South Korea's ICT exports in the first half of the year by 30%.
6. The demand for semiconductors has declined, and the operating loss of Electronics’ DS business unit this year is expected to exceed 10 trillion won.

Address

Room 1204, DingCheng International Building, Futian District, SHENZHEN, CN
Shenzhen
518028

Telephone

+8617722848787

Website

https://www.icmemorychip.com/

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