1. Since 1950, the S&P 500 has logged net gains during the first five days of the year 47 times. 2. The first five days of January and the 'January Barometer' are statistically notable, but its failure rate as an indicator for bearish outcomes is also noteworthy. 3. While Wall Street analysts continue to expect another bullish return year for stocks, December and January have been rather weak as markets consolidate the gains following the election.
Recent #Market Consolidation news in the semiconductor industry
➀ Beijing Jidu Jinguang Semiconductor Co., Ltd. has filed for bankruptcy liquidation due to financial difficulties;
➁ The rapid expansion of the silicon carbide market has led to intense competition and overcapacity;
➂ The price of silicon carbide has dropped significantly due to excessive supply and competition in the downstream electric vehicle industry;
➃ The industry is expected to see further consolidation and differentiation as new players enter the market.
➀ Key players like Infineon, Renesas, and GlobalFoundries are acquiring GaN technology companies to bolster their GaN capabilities. ➁ GaN, a third-generation semiconductor, boasts higher breakdown strength, faster switching speeds, and superior thermal conductivity, ideal for high-power applications. ➂ The GaN market is poised for significant growth, driven by its superior performance in sectors such as electric vehicles, AI, and robotics over traditional silicon devices.