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TikTok submitted an application to the federal court of Canada to challenge the Canadian government's order to close the company's office. On December 11th, local time, TikTok Canada Branch announced that it had submitted an application to the federal court for review of the government's order to close TikTok's business in Canada. TikTok said that this order will cost hundreds of hard-working local employees their jobs and livelihoods, and they support the community with more than 14 million Canadian users on TikTok every month. TikTok said that it is in the best interest of Canadians to find a meaningful solution and ensure that the local team continues to exist with the TikTok platform. (Interface News)Aston Martin will start producing its first plug-in hybrid supercar next year.Market News: The United States is considering imposing tougher oil sanctions on Russia before Trump takes office.

Biden's last speech on the economy warned Trump that "trickle-down economics" was making a comeback. US President Biden publicized his economic achievements in a speech at the Brookings Institution in Washington on Tuesday, and warned Trump to repeat the Republican "trickle-down economics" during his second term. This may be his last speech on the economy during his tenure. Biden said in his speech that he promoted investment in infrastructure, manufacturing and neglected communities, avoided a bigger economic crisis and laid the foundation for sustained economic growth. "The new government will take over a fairly strong economy, and most economists agree with this view," Biden said. "I deeply hope that the new government can maintain and carry forward such progress. Biden proudly said that after decades of trickle-down economics, which gave priority to the wealthy Americans, his government adopted a new approach. At present, the economy is growing from the inside out and from the bottom up, benefiting the middle class. He admitted that American workers still suffer from inflation and high housing prices. Biden stressed that during his tenure, he created 16 million jobs, the highest in a single presidency, the lowest average unemployment rate in all previous governments in the past 50 years, and the smallest racial gap between the rich and the poor in the past 20 years. Biden warned Trump to provide more tax cuts for the rich and enterprises during his second term, and said that Trump's commitment to impose tariffs on overseas goods may make a "big mistake". He also said that he thought Trump would be in trouble if he stopped the investments he made during his administration, because these investments benefited many Republican and Democratic-led states.The first demonstration in China! Seiko Technology's high-performance PAN fiber technology has made key progress, and Seiko Technology's high-performance fiber precursor (polymerization process) "The first demonstration of safety and reliability of chemical process used in China" has successfully passed the evaluation of the expert group, which indicates that Seiko Technology's carbon fiber precursor preparation technology can be applied to industrialization on a large scale. On December 7th, Zhejiang Petroleum and Chemical Industry Association, entrusted by Zhejiang Emergency Management Department, organized and held the review meeting of "Demonstration of Safety and Reliability of Chemical Process Used for the First time in China" for high-performance PAN fiber in Hangzhou. Seiko Technology received a reply letter on December 10th.Shanxi Securities: The launch of new OpenAI products catalyzes the demand for low-orbit satellite to continue to accelerate. Shanxi Securities Research Report pointed out that 1) The "Open AI 12 Days" activity was held, and the official version of o1 &pro and the full version of ChatGPT pro o1 were released faster and more powerful than o1 preview, and they performed better in code, mathematics and writing, and still possessed the original ability of picture reasoning. With the marginal cost of training continuing to increase and cot reasoning computing power continuing to increase, the computing power demand in 2025 is real and may continue to exceed expectations. It is suggested that the current optical module, copper connection, power supply and liquid cooling should be switched to the low valuation of 2025 performance. 2) Amazon shows trn1 ultra cabinet products, and cloud manufacturer ASIC brings incremental demand for copper connection. Cloud manufacturers' self-developed ASIC will bring important demand increment for high-speed copper connection. At present, copper connection system component manufacturers are concentrated overseas, while bare wire supporting capacity is concentrated in China. 3) Last week, Yuanxin Qian Fan's third networking satellite was successfully launched in Taiyuan, and SpaceX mobile phones were directly connected to satellite networking for commercial use. The development of LEO satellite Internet is related to 6G standard discourse right, orbital frequency resources and the game of international air and space infrastructure powers, which is expected to force the launch of LEO constellation in China to accelerate again. Under the catalysis of continuous events, the relevant targets of the industrial chain are expected to usher in a certain performance contribution and drive the double-click market.

Institution: The Q3 revenue of the global semiconductor industry in 2024 reached US$ 158.2 billion, a year-on-year increase of 17%. Counterpoint Research, a market research organization, reported that the global semiconductor market picked up in the third quarter of 2024. Driven by the demand for artificial intelligence technology and the recovery of the memory market, the revenue of the global semiconductor industry in the third quarter reached US$ 158.2 billion, a year-on-year increase of 17%. The top 22 semiconductor suppliers in the world accounted for 73.1% of the market share, which was the same as the same period last year.The United States successfully conducted a ballistic missile interception test in Guam for the first time. The US Missile Defense Agency issued a statement on the 10th that the United States successfully conducted a ballistic missile interception test in Guam in the western Pacific for the first time. The statement said that in the test conducted that day, the United States launched a "Standard -3 Block 2A" missile using the Aegis anti-missile system equipped with a new AN/TPY-6 radar and vertical launcher, and intercepted an air-launched medium-range ballistic missile near the coast of Anderson Air Force Base in Guam.TikTok submitted an application to the federal court of Canada to challenge the Canadian government's order to close the company's office. On December 11th, local time, TikTok Canada Branch announced that it had submitted an application to the federal court for review of the government's order to close TikTok's business in Canada. TikTok said that this order will cost hundreds of hard-working local employees their jobs and livelihoods, and they support the community with more than 14 million Canadian users on TikTok every month. TikTok said that it is in the best interest of Canadians to find a meaningful solution and ensure that the local team continues to exist with the TikTok platform. (Interface News)