Weiner International Associates
           Weiner International Associates

Please send news and comments to:  gene@weiner-intl.com

 

June 2019

 

Back on track?

 

This past winter we predicted that the U.S.-China trade war would be on track to attaining a resolution by the end of June. It appears that the necessary steps to do that were taken at the G-20 in Japan at month's end by the presidents of the two countries to make it happen - hopefully by year-end.

 

Meanwhile Taiwan's PCB industry appears to contnue to benefit growing in by more than 7% in May compared to last year according to the TPCA, and Japan's continues to decline - more than 10% last quarter. However, equipment purchases have declined with delays in installation  now the norm in both Taiwan and China. The latter has experienced aggressive expansion on recent years.

Now, the  PCB industry is unlikely to invest heavily in new equipment in the short term unless the end market has a significant recovery.

 

Taiwan Printed Circuit Association (TPCA) chairman Maurice Lee stated that many PCB makers have adjusted their 2019 goals and will try top keep sales at 2018's level.

 

 

The Indian PCB (printed circuit board) market in India was worth $2.37 Billion in 2018  and is projected to reach $6.33 billion by 2024 (surpassing the U.S.) with a CAGR of 17.9% in the five year period of 2019-2024.

 

Watch out, Tesla!

 

Xpeng rolled out its 10,000 SUV this month. The G3 is an all-electric sports-utility vehicle with a range of 225+ miles on a singkle charge. Its sticker price starts at 199,800 yuan (less than $29,000).

Xpeng plans to launch its PT all-electric coupe on December. This car is designed to go up to 370+ miles on a single charge.

 

United Technologies agreed to buy Raytheon in an all stock deal, forming an aerospace and defense giant with $74 billion in sales through one of the industry’s biggest deals ever. The new entity will be called Raytheon Technologies Corp., the companies said in a statement Sunday. The combination, which they are billing as a merger of equals, will take place in the first half of 2020 after United Technologies’ planned spinoff of its Otis elevator and Carrier air-conditioner businesses.United Technologies Chief Executive Officer Greg Hayes hold that same role in the combined organization, while Raytheon CEO Thomas Kennedy will become chairman, the companies said.Along with last year’s $23 billion acquisition of aircraft-parts supplier Rockwell Collins, the Raytheon deal remakes United Technologies as an aerospace behemoth with products including jet engines, missiles, cockpit electronics and radars. Source: Bloomberg News

 

The World Semiconductor Trade Statistics (WSTS) has released its new semiconductor market forecast generated in May 2019.
WSTS expects the world semiconductor market to be down in 2019 to US$ 412 billion. This reflects expected decrease in almost all major categories, with an extraordinary decrease from Memory at 30.6 percent followed by Analog with 5.0 percent and Logic with 4.0 percent. In 2019, all geographical regions are expected to decrease.For 2020, all regions are forecasted to grow with the overall market up 5.4 percent, with Memory contributing the highest growth followed by Optoelectronics and Logic.

 

Boeing has been negotiating one of the largest orders ever of wide-body jetliners—with China airlines according to Bloomberg News. The $30 billion deal might just cool the trade war while providing Boeing some good news, given its grounded 737 Max and the two crashes that killed 346 people.

On June 18 IAG, British Airways' parent, announced that it would buy 200 737 MAX jets. This is the first order for the troubled aitline since the crash of two of the 737 Max aircraft.

 

Vietnam was recently ranked No 1 among seven emerging Asian countries as manufacturing destinations by Natixis SA, which looked at demographics, wages and electricity costs, rankings in doing business and logistics, and manufacturing as a share of total foreign direct investment.

 

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