The U.S. Federal Reserve held an interest rate decision-making meeting on Thursday and lowered the rate hike to 2 yards. However, due to severe inflation, most members predict that they will not cut interest rates next year. For stocks, TSMC Wei Zhejia also made a public talk today (17th), talking about three major issues for the first time. The following is a review of major events this week:
The Federal Reserve will raise interest rates by another 2 yards, and it is expected that there will be no chance to cut interest rates until 2024
The U.S. Federal Reserve (Fed) held its last decision-making meeting this year on Wednesday. If the market expects to lower the rate hike to 2 yards, the interest rate will reach 4.25-4.5%. However, considering the risk of inflation, most members predict that the terminal interest rate will be higher next year At 5%, and revised down next year’s economic growth forecast, raised the unemployment rate forecast.
In response to interest rate cuts, Chairman Powell said that before considering cutting the benchmark interest rate, the central bank must be confident in the path of inflation. Although many investors believe that inflation has peaked and will decline next year, officials at the meeting believe that inflation risks are still “biased to the upside”, so they expect interest rates to be cut in 2024, which also broke market expectations for interest rate cuts.
TSMC Wei Zhejia explained his views on the four major issues and talked about de-Taiwan “there is no door”
Wafer foundry leader TSMC (2330-TW)(TSM-US) President Wei Zhejia spoke publicly on Saturday, expressing his views on going to Japan to set up factories, the United States expanding controls on exporting equipment to China, and Buffett buying his own stocks. Wei Zhejia believes that it is not impossible, but quite difficult, for Japan to develop 2nm technology to overtake in a corner. Setting up a factory in Japan is mainly for strategic support and is also the largest customer supplier of TSMC customers.
In response to the United States, Japan and the Netherlands’ joint increase in equipment control in China, Wei Zhejia said that this move will increase the development of China’s semiconductor industry. If the operating performance is good, the market will definitely reflect the value.
Wei Zhejia also expressed on the de-Taiwanization issue that it is not so easy to control the semiconductor industry chain. It does not mean that wherever the factory is moved, that place will develop and flourish. He reiterated that “there is no door.”
Hon Hai: Due to the delay in the acquisition process, all the shares held by Tsinghua Unigroup are cleared
Hon Hai (2317-TW) announced late on Friday night that its subsidiary Industrial Fulian (FII) has agreed to sell all the shares of Tsinghua Unigroup, and the total amount of disposalRMB 5.38 billion yuan (approx.New Taiwan dollar 23.3 billion), Hon Hai said that because the time sequence has reached the end of the year and the procedure has not yet been finalized, many uncertainties may arise in order to avoid the delay of the case, or affect the follow-up investment layout and the flexibility of capital utilization.
The United States puts 36 Chinese companies on the trade blacklist and Yangtze River Storage
A number of foreign media reported on Thursday that the U.S. government has blacklisted 36 technology companies, including Chinese memory chip maker YMTC, including 21 major Chinese artificial intelligence (AI) chip companies and 9 suspected Seeking to support China’s military modernization enterprises, etc., the United States’ move aims to expand its attack on China’s chip industry.
The central bank decided to raise the Qingan mortgage interest rate floor price by half a yard, starting at 1.9%
The central bank held the fourth quarter supervisory meeting on Thursday. After the meeting, as the market generally expected, it decided to raise interest rates by half a yard (0.125 percentage points). %, 2.125% and 4%, which is the fourth consecutive interest rate hike and has risen by 2.5 yards since the beginning of this year.
In addition, since the central bank raised interest rates by half a yard, mortgage interest payments have also increased. Taking Qing’an Mortgage Loan as an example, if Chunghwa Post fully reflects the increase in interest rates, then the one-stage mobile interest rate will climb to 1.9%; It is reported that the “interest rate halving and raising discount” is planned to be extended for another year, but the final decision still needs to be made by the Executive Yuan.
The dispute over the management rights of Mount Tai spreads. FamilyMart confirms that nearly 20% of the shares have been bought by Cathay’s Cai family
The dispute over the management rights of Mount Tai continued to burn, and the supermarket chain Family Mart (5903-TW) announced on Wednesday that the acquirer of 19.3979% of the equity was developed by Wanbao and Cathay Gold (2882-TW) Chairman Cai Hongtu’s family’s investment company is equivalent to confirming that the Cai family will become the major shareholder of the whole family.