GuShiio.com ① Apple plans to invest more than US$500 billion in the United States in the next four years, adding 20,000 jobs;
② Ali announced an investment of 380 billion yuan to build cloud and AI hardware infrastructure;
③ The construction of TSMC’s second wafer fab in Kumamoto may be postponed and is still scheduled to be put into operation in 2027.
Cailian News, February 24 (Editor Xia Junxiong)Before Monday’s session, futures of the three major U.S. stock index were collectively higher, while major European indices were mixed.
(Source: YingweiCaijing)
The U.S. stock market fell sharply last week after data released raised concerns about the state of the U.S. economy. The Purchasing Managers ‘Index (PMI) showed that the U.S. services industry contracted in February, while the widely watched University of Michigan consumer confidence index also fell below expectations.
One of the most watched events in the financial market this week was Nvidia’s earnings report. The company will release its latest results after close hours on Wednesday. This is also Nvidia’s first quarterly report since DeepSeek caused a huge market shock. The rise of DeepSeek once raised questions about the sustainability of AI transactions.
“This is definitely one of the focuses of the market this week, and investors are very curious to know whether DeepSeek news will undermine margins for such companies in the future,” said Lale Akoner, global markets analyst at eToro.
As of press time, Nvidia’s U.S. stocks rose more than 2% before the market. Reports said that Nvidia will cover more than 70% of TSMC’s advanced packaging capacity this year.
Berkshire Hathaway B rose more than 1% before the market, the company’s Q4 operating profit soared 71% more than expected, and insurance profits increased significantly.
Nike rose more than 2% before the market, and Jefferies upgraded its rating to “buy” from “hold”.
company news
[Apple plans to invest more than US$500 billion in the United States in the next four years, adding 20,000 jobs]
Apple announced on February 24 that it plans to invest more than $500 billion in the United States over the next four years. As part of a U.S. investment package, Apple and its partners will open a new advanced manufacturing plant in Houston to produce servers that support Apple Intelligence. Apple will also double its U.S. Advanced Manufacturing Fund, establish an academy in Michigan to train the next generation of U.S. manufacturers, and increase R & D investment in the United States to support cutting-edge areas. Apple said it plans to hire about 20000 employees over the next four years, the vast majority of whom will focus on research and development, silicon engineering, software development, and artificial intelligence and machine learning.
[Ali announced an investment of 380 billion yuan to build cloud and AI hardware infrastructure]
Alibaba Group CEO Wu Yongming announced on February 24 that in the next three years, Alibaba will invest more than 380 billion yuan in building cloud and AI hardware infrastructure, totaling more than the total in the past ten years.
[The construction of TSMC’s second wafer fab in Kumamoto may be postponed and is still scheduled to be put into operation in 2027]
TSMC’s second fab in Japan will still be put into production in 2027, although construction may be delayed. TSMC’s Japanese subsidiary JASM plans to build a second fab in Kumamoto. The company said construction will begin in 2025, possibly later than the first quarter as initially determined.
[GlaxoSmithKline launched a share repurchase program, with the first batch of repurchase amounts to 700 million pounds]
On February 24, GlaxoSmithKline issued a statement and began implementing a share repurchase plan, with the first batch of repurchase amounts to 700 million pounds. The first batch of buybacks is expected to begin on February 24 and be completed by June 13.
[Amgen will invest US$200 million in Indian factory]
Bob Bradway, chairman and CEO of U.S. drugmaker Amgen, said at the inauguration of the New Technology Center in southern India on February 24 that Amgen will invest about 200 million U.S. dollars in the center this year and plans further investments. Amgen last year announced plans to open a “technology and innovation” center in India, which will focus on increasing the use of artificial intelligence and data science to support new drug development.
Events worthy of attention during the U.S. stock market period (Beijing time)
on February 24
23:30 US February Dallas Fed Business Activity Index
