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Today's news:
1. Affected by the decline in the birth rate and the increase in the number of pet-raising families, the size of South Korea's pet market is rapidly surpassing the infant market in areas such as food and strollers. The Korea Times reported on June 2, citing data from the e-commerce platform Gmarket, that in the first five months of this year, 69% of sales of pet food and human infant formula came from pet products.
2. According to a report on the website of Fortune magazine on May 31, electric car manufacturer Tesla has announced a recall of more than 125,000 vehicles in the United States due to potential safety issues, involving four different models produced since 2012.
3. Toyota Motor Corporation, Mazda Motor Corporation and Subaru Corporation of Japan held a joint press conference in Tokyo on May 28, announcing that they will jointly develop a new generation of engine technology with higher environmental performance to meet the carbon neutrality challenge in the electrification wave.
4. According to a report by The Times on May 28, the International Monetary Fund (IMF) warned that Germany's rapidly aging population will put tremendous pressure on the state and public finances, leading the eurozone's largest economy to stagflation.
5. TrendForce: In 2024, the shipment of foldable phones will be about 17.8 million units, accounting for only about 1.5% of the smartphone market. Due to the problems of high maintenance rate and high price to be solved, it is expected that the proportion will have a chance to reach 4.8% by 2028.
6. On June 2nd, the Organization of Petroleum Exporting Countries (OPEC) issued a statement saying that eight OPEC and non-OPEC oil-producing countries decided to agree to extend the current voluntary production cuts to maintain the stability and balance of the international oil market.
7. Omdia: In the first quarter, global shipments of 100-inch TVs increased by 120% compared with the total shipments in the first three quarters of last year. Among them, Hisense TV shipments accounted for 56.4% of the global 100-inch market.
8. TrendForce: The cost compression and size miniaturization of Micro LED chips are still in progress. It is expected that by 2028, the output value of Micro LED chips will reach US$580 million, with a compound annual growth rate (CAGR) of 84% from 2023 to 2028.
9. The total domestic and overseas sales of Korean-made cars in May (including CKD) decreased by 1.3% year-on-year to 710,956 units, a negative growth after a month. Specifically, the domestic sales of the five major automakers in South Korea decreased by 10.5% year-on-year to 116,677 units; overseas sales increased by 0.7% year-on-year to 594,279 units. With the launch of Blackwell architecture chips, NVIDIA may usher in the "next wave of growth". The Blackwell platform has entered "full production", but shipments will start in Q2, and it is expected to increase in volume this year. The company expects that it will still be in short supply in 25 years.
We believe that the inference performance of GB200 has been greatly improved, and it may have a higher penetration rate in the future. The current inference market is waiting to be opened. The incremental opportunities derived from GB200 are worth paying attention to, including copper connections, liquid cooling, server industry chain, AI terminals, etc. World Meteorological Organization: The El Nino phenomenon that caused global temperature surges and extreme weather in the first few months of 2023-2024 shows signs of ending, but La Nina may reappear later this year. The Paper: Van Cleef & Arpels raised prices after the early morning of May 31. Due to the increase in the price of raw materials for global works, the company adjusted the prices of global works. At the same time, the increase will also be adjusted according to the impact of global exchange rate fluctuations to ensure that Van Cleef & Arpels' market pricing is unified globally.
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Today's Insights: The two most reliable things in life
The two most reliable things in life are trustworthy character and hard work.
1. Trustworthy character is the best passport for dealing with people. Only when you have trustworthy character will others be willing to make friends with you and give you support and help.
Good moral character is the best passport for dealing with people. You can't hide whether your character is good or bad. The best way to win the recognition of others is to start with the small things around you, to abide by the rules, respect others, be honest and friendly. If you do these details well, you will also shape the basic character and accomplishment of being a person.
A gentleman carries things with great virtue. The quality of a person's character determines the height of his life. For people with bad character, success is only temporary; only with a good character can you truly achieve a career.
Every effort is a foreshadowing of luck. At any time, don't doubt your own value, and don't doubt the meaning of hard work. Instead of worrying about the future, it is better to focus on the present and do the things in front of you well.
2. There are not so many talents. Those excellent people have silently climbed mountains and crossed ridges like you. Looking back after a long time, you will eventually find that there is no shortcut to success. Only by persisting in hard work can you win. Not every effort will succeed, but every effort is a foreshadowing of luck. In the efforts and persistence again and again, you will eventually understand the meaning of hard work. In the best time, you really become a better you, not letting down the time, nor yourself.
3. In one's life, character and hard work are the two most reliable things. In life, character is the foundation; in work, hard work is the bottom line. In one's life, it is impossible to rely on others all the time, and ultimately you have to grow on your own. On the road to growth, character and hard work complement each other and are indispensable. If the character is not up to standard, it is difficult to get good results no matter how hard you work; if you don't work hard, it will be useless for others to help you. Being a clean person and doing things seriously is not only a respect for others, but also a fulfillment for yourself. Leave the action to the present and leave the results to time. As long as you keep chasing the light, your life will eventually shine brightly.
