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Real-time News
June 29th - According to reports, Apple is considering using a 1.4nm process in its flagship smartphone SoC as early as 2028, which means that the lifespan of flagship chips manufactured using a 2nm process may only be about two years.On June 29, Nomura Securities issued a report maintaining its "Buy" rating on Lenovo Group (00992.HK). Based on a 20x multiple of its 2027 fiscal year earnings per share forecast, the target price was significantly raised from HK$16 to HK$35, implying a 46% upside. In its previous report on Lenovo published in May, Nomura emphasized that the momentum of its general-purpose server business might far exceed expectations. Although Lenovos share price has risen by more than 100% since May, Nomura believes this outperformance may continue because it believes that: (1) the market has not yet fully reflected the potential of Lenovos server business; (2) Nomuras earnings forecast for fiscal year 2027/28 is now about 10% higher than the market consensus; and (3) Lenovo is currently in the process of revaluation, with its main peer Dell (DELL.N) trading at a 30x one-year forward P/E ratio, which Nomura believes creates room for Lenovos revaluation. The bank raised its 2027/28 fiscal year earnings forecast for Lenovo Group by 12%.The Hang Seng Tech Index continued its upward trend, rising by more than 3%.On June 29th, Kiwibank Chief Economist Jarrod Kerr stated that despite the renewed conflict in the Middle East over the weekend, the New Zealand market generally believes a peace agreement is highly likely. With oil prices falling to pre-war levels, demand appears poised for a rebound. He added that while the New Zealand economy has been hit, it has not completely collapsed. The oil crisis has slowed the pace of economic recovery, enough to damage demand, but it has not completely derailed economic activity. Kerr pointed out that the Reserve Bank of New Zealand has strong reasons to maintain interest rates at its July policy meeting.On June 29th, the "Heterogeneous Computing Ark," a full-stack platform for the software ecosystem of domestic computing systems jointly developed by the Computer Network Information Center of the Chinese Academy of Sciences and other institutions, was launched online. This platform addresses pain points such as difficulties in software adaptation, code migration, and cumbersome scientific research operations under domestic computing power, providing an integrated solution for the construction of a scientific computing software ecosystem. The platforms release achieves seamless integration of algorithms, code, and applications, enabling domestic computing power to move from hardware leadership to mature hardware-software synergy, and helping my country build an independent, controllable, efficient, and easy-to-use domestic scientific computing ecosystem.
