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Glonghui July 6th丨According to Jiemian, sources said that Porsche is considering cutting up to 4,000 more jobs at its Zuffenhausen plant, after previously agreeing to eliminate 3,900 positions. The administrative and management departments will be particularly affected. The exact scale of the next round of layoffs is expected to be determined before the end of July. In addition, Porsche may also reduce the capacity of its Weissach R&D base by about 30%.

BlockBeats news, on July 6, Samsung Electronics' wafer foundry division achieved single-month profitability in June this year. This is the first monthly profit recorded by the division since 2023. Industry observers believe that increased orders for high bandwidth memory (HBM) foundational chips and improved yield rates in advanced manufacturing processes have reduced the burden of fixed costs and driven the recovery of profitability. According to current trends, Samsung's wafer foundry business is likely to achieve quarterly turnaround to profitability in the third quarter of this year. Although overall second quarter results are still weighed down by losses from April to May, making it difficult to conclusively determine quarterly profitability, the shift to a positive monthly result in June has led to a widespread internal belief at Samsung that the possibility of achieving quarterly profit in the third quarter has increased significantly. Analysts believe this is the first monthly profit achieved by Samsung's wafer foundry division since 2023. In the past few years, this business has long operated at a loss, mainly due to low yields in advanced manufacturing processes, loss of major customers, and insufficient capacity utilization, among multiple factors.

Rainer Guntermann of Commerzbank stated that expectations for an interest rate cut by the European Central Bank are losing momentum. Rainer Guntermann pointed out that the official guidance in July was ambiguous, the European Central Bank has not ruled out the possibility of a rate hike, and for eurozone front-end bond yields to decline, oil prices would need to drop significantly further. Data from the London Stock Exchange Group shows that the money market is currently reflecting expectations of a 17 basis point rate hike by the European Central Bank in September, and a 25 basis point increase by the end of the year. Rainer Guntermann said that with many European Central Bank officials due to speak and the minutes of the June meeting to be released, more details will emerge.