🙌 Samsung saves the chip industry

Let go of the sun, China | Samsung should thank its chips | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for July 8th in 3:14 minutes. 😱 If the cautionary tale of Luna has given you a fright, our next event could offer you some much-needed reassurance. Join Nobank’s Mario Leoni for [The Benefits Of On-Chain Transactions]( on Friday, and find out how you can maximize crypto opportunities while minimizing your risk. [Grab your ticket]( Today's big stories - A report shows that China’s dominance of solar panel supply is a risky position to be in - Germany’s impending energy crisis could mint winners in the energy industry – [Read Now]( - Samsung gave investors a glimpse of its upcoming results So Near, Solar [So Near, Solar] What’s Going On Here? The International Energy Agency (IEA) [warned]( on Thursday that China’s dominance of the solar panel industry could threaten the clean energy transition. What Does This Mean? Solar energy is going to be crucial if the world wants to reach net-zero emissions by 2050, and the IEA is predicting that it’s on track to account for a third of global electricity generation by then. But a report published by the agency observes that China’s share of solar panel manufacturing – from key materials to the panels themselves – has now topped 80%, and could climb as high as 95% by 2025 ([tweet this](). That’s risky: any disruption – not least Covid lockdowns – could put major facilities out of action, push prices up, and ultimately slow down the world’s clean energy transition. We’re already seeing that happen: there’s been a 20% rise in panel prices in the past year alone, partly because of Chinese bottlenecks that have resulted in delays to deliveries across the globe. Why Should I Care? The bigger picture: It’s the taking part that counts. One of the main reasons China has such a big advantage in solar panel manufacturing is because of its much lower energy and labor costs. Most countries won’t be able to match it on that front, but the IEA thinks incentives would still spur more investment in the industry and enable companies to build out alternative supply chains. Europe has even more reason to take action: there are concerns that Russia will turn off the taps to its natural gas completely. Zooming out: Fool me once… That’s not the only thing putting climate targets at risk: a collection of airlines have been lobbying for weaker emissions policies, according to a [report]( out this week. This, even though they’ve publicly expressed their full-throated support for governments’ net-zero ambitions. Which begs the question: if we can’t trust faceless corporations that are incentivized by the underpinnings of capitalism to prize profit above literally everything else, who can we trust? You might also like: [This could be a turning point for clean energy stocks.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=So Near, Solar&utm_campaign=daily-global-08-07-2022&utm_source=email) Analyst Take The Winners And Losers Of Germany’s Energy Crisis [The Winners And Losers Of Germany’s Energy Crisis]( [Photo of Reda Farran] Reda Farran, Analyst Germany’s energy crisis took a turn for the worse last month. The government raised the country’s gas risk level to the “alarm” phase, with a catalyst on the horizon that could trigger [the final “emergency” stage](: gas rationing. Several German officials are worried that Russia could use upcoming maintenance works to turn off the taps for good, leaving Europe’s biggest economy without its main source of gas. So you should brace for the big consequences for the German economy, as well as [the winners that’ll be created in the energy industry](. That’s today’s Insight: [the winners and the losers of Germany’s impending energy crisis](. [Read or listen to the Insight here]( SPONSORED BY LEDGER Crypto security never looked so good When it comes to your digital investments, safety comes first. Of course, it’s always a bonus when safety comes wrapped in a pretty little package. Just like the nifty new [Nano S Plus](: [Ledger’s]( latest secure wallet comes with more memory, so you can manage over 5,500 digital assets and install more than 100 apps. And the [Nano S Plus]( comes with a bigger screen too, designed to make it easier than ever to verify your transactions – and boy, does it look good. Keep your assets safe in style: [check out Ledger’s Nano S Plus](. [Show Me The Wallet]( Ready Salted [Ready Salted] What’s Going On Here? Electronics and chipmaking giant Samsung [gave]( an encouraging preview of its quarterly results on Thursday. What Does This Mean? Samsung isn’t due to report its full results until the end of the month, but it likes to wet investors’ whistles ahead of the big day. And their whistles certainly needed wetting, given that dwindling demand and an oversupply have been causing trouble for the chipmaking industry. But they can put their cynicism to bed: there was still plenty of demand for Samsung’s server chips, as Big Tech hoarded them to meet booming demand for cloud computing. And since chip sales are mostly made in US dollars, the strength of the currency means those sales will have been worth more when converted back into Korean won. That might be why Samsung said it’s expecting overall revenue to have grown 21% last quarter from the same time last year – even as analysts anticipate a steep dropoff in smartphone sales. Why Should I Care? For markets: A nice surprise. Keep in mind that the chip industry isn’t a monolith: analysts have pointed out that particularly acute shortages of certain types of chip could help offset a slowdown in demand elsewhere in the market. And now that Samsung has released such a promising preview, investors might be feeling reassured that the slowdown for tech manufacturers will be less severe than they thought. That could be why they pushed up the share prices of Samsung, SK Hynix, TSMC, and United Microelectronics on Thursday, with the four Asian chipmakers gaining around $30 billion in market value. Zooming out: Chips or death. There are signs that the chip supply chain issues might finally have peaked, with data out this week [showing]( that the gap between ordering and delivery fell in June. That’ll be welcome news for companies like Toyota and Apple, which have lost billions of dollars in revenue because they couldn’t get their hands on the chips they needed. You might also like: [Why Big Tech is going all in on the cloud.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Ready Salted&utm_campaign=daily-global-08-07-2022&utm_source=email) 💬 Quote of the day “Hope will never be silent.” – Harvey Milk (an American politician) [Tweet this]( 🤩 Fancy this space? Lovely little spot this, isn’t it? And it just so happens to be the perfect place for you to showcase your business to our [one million engaged investors](. If you share our goal of changing the finance world for the better, then [chat to us]( about [our daily newsletter]( placements. We can’t wait to see you here soon. [Work With Us]( 🎯 On Our Radar - Mondays need to go. Let’s hear it for [a four-day week](. - Billionaires are investing in farmland. [Now you can too](.* - Feeling a bit run down? 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