Cointime

Download App
iOS & Android

China Electricity Council: National Computing Power Electricity Consumption Expected to Increase by Over 100 Billion kWh Annually

On July 16, according to Yicai, Zhang Lin, director of the Planning and Development Department of the China Electricity Council, introduced at a related press conference on July 14 that during the 14th Five-Year Plan period, the annual increase in electricity consumption for national computing power is expected to exceed 100 billion kWh, reaching an estimated 800 billion kWh by 2030, accounting for about 6% of total electricity consumption in society.

Comments

All Comments

Recommended for you

  • U.S. Stock Market: Optical Communication Sector Declines, Corning Drops Over 8%

    On July 16, the U.S. optical communication sector opened lower and continued to decline, with Corning dropping over 8%, Mavenir Technologies falling more than 6%, and Lumentum, Coherent, and Credo each decreasing by over 5%.
  • SpaceX's Short Interest Paper Profit Estimated at Approximately $8.7 Billion

    On July 16, according to ORTEX estimates, SpaceX's short interest paper profit is approximately $8.7 billion.
  • Visa Launches Stablecoin Service Platform, Plans to Enable On-Chain Payment Capabilities

    Global payment giant Visa is accelerating its development of stablecoin infrastructure by launching the Visa Stablecoin Platform, which aims to assist banks and fintech companies in integrating stablecoin payment capabilities into their existing payment and fund management systems. The platform is designed to provide stablecoin service support to approximately 15,000 financial institutions and over 200 million merchants worldwide, enabling businesses to use USD stablecoins for settlement, fund circulation, and financial management within traditional payment networks.
  • Iran Clarifies Preconditions for Resuming Memorandum of Understanding

    According to RIA Novosti, when asked whether Tehran believes the memorandum signed with Washington is still valid, Ahmad, a member of the Iranian Parliament's National Security and Foreign Policy Commission, stated: 'The memorandum of understanding between Iran and the United States is currently invalid, but if Washington resumes its implementation, Tehran is prepared to reactivate the memorandum. However, it appears that the U.S. is not ready to resume implementation at this time, but if the U.S. does so, Iran may reconsider its position on this issue.' (Jinshi)
  • Nasdaq Initial Decline Expands to 1%

    The Nasdaq's initial decline has expanded to 1%. (Jin Shi)
  • US International Trade Commission Initiates 337 Investigation, Nvidia Drops Over 2%

    On July 16, Nvidia fell over 2%, while Broadcom and AMD dropped nearly 4%. The news comes after the US International Trade Commission (ITC) decided on July 15 to initiate a 337 investigation into specific dynamic random-access memory (DRAM) devices and their downstream products and components, involving companies such as Samsung Electronics, Google, Nvidia, AMD, and Broadcom. On June 16, Netlist, Inc. of Irvine, California filed a 337 investigation request with the US ITC, claiming that the export, import, and sale of the product in the US violated US Section 337 (infringing US registered patents 12,646,537 and 12,650,937), and requested the ITC to issue a limited exclusion order and a cease-and-desist order.
  • Philadelphia Semiconductor Index Falls 3%, Broadcom Shares Down 3.6%

    On July 16, the Philadelphia Semiconductor Index fell by 3%, closing at 12,023.76 points. Nvidia shares decreased by 2.15%, TSMC shares dropped by 2.73%, Broadcom shares fell by 3.6%, SK Hynix shares declined by 7.63%, Micron Technology shares were down 3.84%, AMD shares fell by 3.76%, ASML shares increased by 0.11%, Intel shares dropped by 3.68%, Lam Research shares decreased by 2.92%, ARM shares fell by 6.6%, and SanDisk shares were down 7.6%.
  • Nasdaq Opens Down 0.43%, Storage Stocks Retreat, SK Hynix Falls Over 6%

    On July 16, U.S. stock markets opened with mixed results. The Nasdaq fell 0.43%, the S&P 500 dropped 0.21%, while the Dow Jones rose 0.16%. The U.S. has officially launched a Section 337 investigation into DRAM equipment and its downstream products and components, leading to a collective retreat in storage stocks. SK Hynix fell over 6%, SanDisk dropped more than 5%, Western Digital and Seagate Technology fell over 4%, and Micron Technology declined over 3%. TSMC also saw a decline of over 3%, despite reporting a record 77.4% year-on-year increase in net profit for Q2, as profit-taking occurred after positive news. Baidu rose 3.5%, as the company seeks a dual primary listing in Hong Kong, with analysts suggesting it could aim for the Hong Kong Stock Connect as early as September this year.
  • Houthis: The U.S. and Israel are the Sources of Evil and Turmoil in the World

    The Houthis issued a statement declaring that the U.S., Israel, and their allies are the evil source threatening global stability. They exacerbate instability by instigating wars and plundering the wealth of peoples from Palestine to other regions. The Zionist plan to reshape the Middle East map to establish a Greater Israel is the mastermind behind all wars in the region. This camp not only disrespects international agreements and UN resolutions but also takes pride in genocide and the destruction of civilization.
  • Famous Fund Manager's Funds Announce Relaxation of Purchase Limits

    On July 16, it was recently announced that funds managed by well-known fund managers have collectively decided to relax purchase limits. From July 15 to 16, multiple funds managed by Jin Zicai and Zhang Mingxin announced the relaxation of purchase limits, with some funds even canceling the limits altogether. These funds have doubled their returns over the past year, showcasing impressive performance.