AMD licenses core technology to Dawning's companies AMD has established a joint venture with Tianjin Haiguang, a subsidiary of Zhongke Shuguang Holdings. AMD provides x86 chip technology license to the joint venture company, which will use the technology to develop server chips sold only in China. AMD will receive a one-time license fee of $293 million, and each time a chip is sold, AMD will charge a royalty. The form of the transaction is similar to the way ARM licenses patents, and the related patents have long been the core technology of AMD and its rival Intel. Whether this will trigger Intel's opposition remains to be seen, and if this cooperation is finally achieved, it will greatly enrich the layout of the X86 chip, and AMD can also win the Chinese server market with strict supervision. More trust. SEMI: North American semiconductor orders stabilized in March 2016 According to the latest report from SEMI (International Semiconductor Industry Association), the average order value of North American semiconductor equipment manufacturers from January to March 2016 was 1.38 billion US dollars, and the Book-to-Bill Ratio (Order-to-Bill Ratio) was 1.15. The latest B/B value shows that the semiconductor market is still stable, and orders are comparable to the same period last year, with slightly less shipments. 3D NAND and high-level logic are the main investment directions. The B/B value announced by SEMI is based on the average order value of the North American semiconductor equipment manufacturer over the past three months, divided by the average value of the equipment shipments in the past three months, representing the semiconductor equipment industry for each shipment in the month. For a $100 product, you will receive an order worth $115. 　　 LED company's gross profit margin appears to differentiate According to the 2015 annual report data, due to the imbalance of supply and demand in the industry, the price competition is fierce. Based on the segmentation industry and the competitiveness determined by the technology, scale and marketing system, the gross profit margin between different companies has become different: in the field of LED chips. The gross profit of Sanan Optoelectronics maintained a small increase of 1.38%, while Dehao Runda and Aoyang Shunchang both experienced a decline of more than 5%. In the field of LED packaging, the gross profit margin of Hongli Optoelectronics and Changfang Group was basically maintained. Most companies showed a significant decline; in the downstream applications, the display products of Chau Ming Technology and Liard became the highlights, with gross profit margins increasing by 4.1% and 4.8% respectively. It is recommended to pay attention to Sanan Optoelectronics and Chau Ming Technology, which have strong brand effects and high product technical barriers. Capital M&A has become an important promoter of the development of the local LED industry As of April 26, the local LED industry involved nearly 10 billion mergers and acquisitions this year. The integration of high-quality resources at home and abroad is still in full swing. With the capital mergers and acquisitions caused by capacity transfer, the performance of many LED listed companies in the first quarter Hi, among them, Hongli Optoelectronics, Maoshuo Power, Wanrun Technology, Lehman, and Weiwei have grown by more than 50%. The net profit growth of four companies except Lehman has also reached more than 90%. It is recommended to focus on performance growth. Foshan Lighting, which is expected and has strong market position and resource integration capabilities.
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