1. 2021 China Top 500 Enterprises Summit Forum will be held in Changchun, Jilin in September
On July 20, the China Enterprise Confederation and the China Entrepreneurs Association held a press conference of the “2021 China Top 500 Enterprises Summit Forum” to introduce the relevant situation of this year’s summit forum. The 2021 China Top 500 Enterprise Summit Forum will be held in Changchun, Jilin from September 10 to September 11. The theme of this year’s Top 500 Summit Forum is “New Journey, New Mission, New Action: Fully Promote the High-quality Development of Large Enterprises”.
During the meeting, the conference will focus on “gathering pioneers to help carbon peak carbon neutrality”, “accelerating digital transformation and enhancing global competitiveness”, “sustainable CEO forum”, “reconstructing digital combat capabilities”, and “Chinese entrepreneurs in the context of the new era.” “Spirit”, “Corporate Leadership Under Dual-Carbon Goals”, “New Era Large Enterprise Talent Strategy”, “Helping the Rise of Chinese Brands in the New Era”, “Building a First-Class Sensor Industry Ecological Environment” and “Innovative Brand Development Strategies to Enhance Brand Intrinsic Value” and other topics Parallel forums and special events such as “Building a Credit and Innovation Ecosystem and Promoting Integrated Development” will be held.
In order to better reflect the purpose of the entrepreneurs’ meeting, the summit will continue to set up co-chairs of the conference. It is planned to invite Dai Houliang, Chairman of China National Petroleum Corporation, Jiao Kaihe, Chairman of China North Industries Group Co., Ltd., and China Mobile Communications Group Co., Ltd. Chairman Yang Jie and Chairman Xu Liuping of China FAW Group Co., Ltd. are entrepreneurs serving as co-chairmen. The co-chairs will focus on the theme of the conference and give keynote speeches on how to adapt to the new situation and new requirements, improve the stability and competitiveness of the industrial chain supply chain, accelerate the transformation and upgrading, create a first-class enterprise, and improve the quality of development.
According to Li Jianming, vice chairman of the China Enterprise Confederation, this year is the 20th consecutive year that the China Enterprise Confederation has released the “Top 500 Chinese Enterprises”. During the summit forum, the “Report on the Development of China’s Top 500 Enterprises in 20 Years” will be released, summarizing the achievements and roles played by the development of China’s top 500 enterprises in the past 20 years, revealing the characteristics and trends of the development of the top 500 companies, and giving a good understanding of the new stage and new journey The challenges faced by large enterprises and development proposals are comprehensively elaborated. In addition, the China Enterprise Confederation will also publish various rankings and related analysis reports such as the 2021 Top 500 Chinese Enterprises, Top 500 Manufacturing Enterprises, Top 500 Service Enterprises, Top 100 Multinational Companies and Top 100 New Enterprises in 2021. At the same time, in order to guide my country’s large enterprises to pay more attention to mastering key core technologies, improve their innovation capabilities and levels, and shape new development advantages, this year will also launch the top 100 Chinese enterprises in innovation and their analysis reports.
2. Rumors of Intel’s acquisition of GF are rejected, industry expansion continues
At present, global chip manufacturers are increasing production capacity through expansion and investment, striving to make up for the market gap as soon as possible.
Intel’s expansion in the industry is still at the forefront. The Wall Street Journal reported last week that Intel is considering acquiring GF at a valuation of approximately US$30 billion. According to reports, this will be Intel’s largest acquisition in history, almost twice the company’s largest transaction volume to date. Intel acquired microprocessor manufacturer Altera for approximately $16.7 billion in 2015. Wedbush Securities analyst Bryson said last week that the acquisition of GF can provide proprietary technology, allowing Intel to obtain a broader and more mature production capacity.
However, this rumor was denied on the 19th. American chip manufacturer GF CEO Tom Caulfield said on the 19th that reports that GF has become Intel’s acquisition target are only speculation and that the company will still stick to its IPO plan next year.
In fact, when the industry considered the feasibility of Intel’s acquisition of GF, many factors were found to affect the transaction. According to people familiar with the matter, Intel has not made any investment contacts with Mubadala Investment Company, the owner of GF, and the two sides have not actively communicated with each other. Mubadala Investment Company is the investment arm of the Abu Dhabi government.
GLOBALFOUNDRIES said the company will invest US$1 billion to add 150,000 wafers to existing fabs annually to solve the global chip shortage. The expansion plan includes immediate investment to solve the global chip shortage of its existing Fab 8 plant, and the construction of a new fab in the same park to double the plant’s production capacity. According to data from the research organization TrendForce, currently in the global semiconductor foundry market, TSMC, Samsung, and UMC dominate the top three in terms of revenue, and GF ranks fourth. In the first quarter of this year, GF’s revenue reached US$1.3 billion.
According to the “Wall Street Journal” report, when the new CEO Kissinger took office in February this year, Intel had been doing poorly for many years. The biggest question in the minds of analysts and investors at the time was whether the company would abandon chip production and focus on design instead. Kissinger publicly promised that Intel will continue to manufacture its own semiconductor products.
Kissinger announced expansion plans successively this year, promising that Intel will invest US$20 billion to build a chip factory in Arizona and also added a US$3.5 billion expansion plan in New Mexico. Kissinger emphasized that the company needs to restore its reputation for reliable performance and has taken swift action to invite engineering talent back to fulfill this promise.
The global chip shortage has brought unprecedented attention to semiconductor production. The demand for laptop computers is rising rapidly, and new ways of working have increased the demand for cloud computing services and data centers running on this service. Chip companies said that the surge in demand for chips for new 5G mobile phones has increased the pressure on chip production capacity. Due to the lack of chips, automakers have to idle production lines, and the prices of some electronic products have risen due to the shortage of chips.
Post time: Jul-21-2021