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Apple selects Chinese giant for critical iPhone role

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Hello, Kenji from Tokyo this week is currently undergoing home quarantine for Covid-19. For our big story, there is another scoop about Apple from Nikkei Asia. China’s state-owned enterprise has become a supplier of the latest flagship iPhone displays. This shows how advanced China’s technology, including artificial intelligence, has advanced, as warned by a former Pentagon chief software officer (Mercedes Top 10). Meanwhile, China is building and diversifying its sources of strategic mineral resources, including lithium, a key component of the world’s leading electric vehicle industry (our views, smart data and spotlights). Be careful until next week!

Join At FT’s Asia Insurance Summit on October 28, we will discuss how accelerated digitalization is impacting the industry.

Big Story — Exclusive

According to the Chinese company, it has played a coveted role in supplying displays to Apple’s latest flagship iPhone. Nikkei Asia Limited..

The breakthrough in BOE technology has greatly boosted Beijing’s technology ambitions and challenged Samsung Display and LG Display.

Beijing-based BOE began shipping a small number of OLED displays for the 6.1-inch iPhone 13 in late September. Some people familiar with this issue said they plan to increase shipments soon while waiting for the final verification process.

Main impact: This is the first time BOE has supplied OLED to its flagship iPhone. Previously, it provided OLEDs for repaired and refurbished iPhones.

“We are in the process of final testing, but based on the results of previous samples, the BOE should have no problem passing the test,” an executive-level source told Nikkei Asia. “The foundation of the Apple-BOE collaboration is based on a previous project on the iPhone 12, and both Apple and BOE hope this will happen soon.”

According to sources, the Bank of England initially split orders for the 6.1-inch iPhone 13 display with Samsung Display, with Chinese companies accounting for up to 20% of the total. In the most optimistic scenario, people added that the BOE aims to win 40% of model orders from South Korean display giants.

Up shot: Beijing is pushing China to increase its manufacturing capacity and positions the BOE as a future challenger to Samsung Display and LG Display, which have dominated the supply of OLEDs to the iPhone since 2017.

Top 10 Mercedes

  1. India Covid-19 vaccine in remote or hard-to-reach locations Locally made drone.. (Nikkei Asia)

  2. We Shareholders have won a rare victory over a Chinese company. $ 300 million settlement Once “Facebook of China“. (FT)

  3. NS We Have Already lost Fight against artificial intelligence ChinaAccording to the Pentagon’s first Chief Software Officer. (FT)

  4. But not so fast! This work To tell Chinese The campaign to replace foreign technology with domestic challengers will take much longer than Beijing planned. (Nikkei Asia)

  5. TSMC has a long-rumored $ 7 billion chip factory Japan..here How Tokyo begged NS Taiwanese society. (Nikkei Asia)

  6. Chinese Power outage Reignite the push By suppliers to Apple, Amazon, etc. to shift the supply chain abroad prior to the holiday season. (Nikkei Asia)

  7. $ 1.6 Billion Acquisition Proposal for Local Media Company Japanese Sony prompted a rare case Foreign shareholder activist of India.. (FT)

  8. Japan Giant Hitachi is applying Quasi-quantum computing Automate train operations.Country is late We When China With technology. (Nikkei Asia)

  9. NS Interesting interview Here is one of the KKR SingaporePrivate Equity Giants Investment Planning Executives Southeast Asia high tech. (DealStreetAsia)

  10. Technology companies use the power that was once enjoyed only by government. This FT editorial Global AI Rights Bill You can’t come right away. (FT)

“Extraordinary Results”: Renren, a formerly high-flying Chinese social network turned into an emerging investor, has settled with US shareholders © AP

Our view

The luster of lithium, called “white gold,” remains attractive as the demand for electric vehicles soars. China, the largest consumer of this important component of electric vehicle batteries, is expanding its supply by looking at the “Lithium Triangle,” a region that spans the borders of Argentina, Bolivia and Chile.

Zijin Mining Group, a leading producer of gold and copper, has announced that it will acquire a wholly owned stake in NeoLithium, which is listed in Toronto, the owner of the Lithium Brine Lake project in northwestern Argentina. A Chinese state-owned company provided C $ 960 million ($ 768 million) for an expected annual yield of 18,000 tonnes of battery-grade lithium carbonate over the 35-year life of the mine.

CATL, a leading Chinese battery maker with an 8% stake in Neo Lithium, previously held $ 377 million to acquire Millennial Lithium, another Toronto-listed company that manages another Argentine lithium mine. Agreed to pay. CATL outperforms its Chinese peer Ganfeng Lithium in this deal, but the latter already owns two other major lithium projects in the region.

Looking at Chile, Tianqi Lithium became the second largest shareholder in 2018 with an investment of $ 4.1 billion in SQM, the country’s largest lithium miner.

Ryan C. Berg, senior researcher at the Center for Strategic and International Studies, warns of China’s invasion of South America’s lithium-rich country, traditionally considered the “backyard” of US influence. It’s ringing.

“China not only increased investment in lithium triangle countries, but also strengthened bilateral relations through vaccine diplomacy,” Berg warned in a treatise. “China has increased its influence over lithium triangle countries through increased investment and aggressive vaccine diplomacy, which could continue to dominate the emerging lithium industry.” He counters Washington. I advise you to take steps, but for now, Beijing seems to be moving forward.

–Kenji

Smart data

Electric vehicle outlook, global annual passenger car sales by drivetrain (m) Lithium carbonate in China, lithium mining inventory of 000 Rmb per metric ton, rebased chart

These charts detail some of the themes Kenji explored in our take this week above. These are also related to the FT Big Lead, which is the basis of this week’s spotlight below.

Note the bullish long-term outlook for battery-powered vehicles and the expectations surrounding lithium, as shown in Neo Lithium’s share price.this Rex analysis Let me explain in more detail.

Some related facts: Sales of both battery-powered and plug-in hybrid new energy vehicles increased 150% year-on-year last month. This happened because overall car sales fell by a factor of five. Neo Lithium owns and mine some of the world’s largest lithium deposits.

Spotlight

For more than a decade, Chinese automakers have tried to export cars abroad, but with limited success.Wang Chuanfu, the founder of Chinese electric car maker BYD, has left Even more than most..

BYD is currently the world’s second largest producer of electric buses and the fourth largest manufacturer of electric vehicles. This summer, the company shipped a red Tang sports utility vehicle to Norway. Norway is the fastest country for battery-powered vehicles.

The king was essential to its success. Warren Buffett is one of the company’s biggest backers after discovering the potential of the king 10 years ago. Buffett’s right-hand man, Charlie Munger, described the Chinese businessman as a mix of Thomas Edison and former General Electric chair Jack Welch. The king once drank publicly to prove how safe the battery fluid was.

BYD said it is preparing to build a battery plant in Europe to “provide support facilities for European car customers” as part of its global expansion. However, the potential to compete with revolutionary and disruptive companies like Tesla has yet to be seen.

When the wise man speaks

  • The Heritage Foundation The podcast “China Uncovered” has several episodes that focus on technical issues. This episode Features Emily Weinstein Let’s dig a little deeper into technology transfer.Latest episode Fergus Ryan Chinese”Chokepoint technology“The high-tech giant.

  • Read more from the best in the week when U.S. officials said Washington was losing the AI ​​race to China Jeffrey Din’s ChinAI Newsletter.Section on Beijing’s efforts to work on Ethics and AI It surprised us especially as it was insightful.

  • this analysis from Saranya so Observer Research Foundation New Delhi shows how China is working to control Internet services through algorithms, further strengthening Beijing’s power over big tech companies.

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