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Golden Finance March 24｜Estée Lauder (EL.US) fell 8.4%, closing at $72.63. According to reports, Estée Lauder issued a statement saying it is in discussions with Spanish beauty group Puig regarding a potential merger. The company has not yet made a final decision nor reached any agreement.Public information reveals that Puig, originally founded in 1914 as a perfume company, owns brands spanning perfume, fashion, makeup, and skincare. Representative brands include Byredo and Penhaligon’s.

GroLink News, March 24｜Samsung has achieved a breakthrough in semiconductor manufacturing, with the yield rate of its advanced 2-nanometer process recently surpassing 60%. This development will enable the company to produce more high-performance chips at a lower cost while also attracting new customers. According to reports, the yield rate of Samsung's 2-nanometer process has more than doubled in just two quarters. In the second half of last year, the process yield was only about 20%, resulting in most chips on the wafer being unusable. Now, with a yield rate exceeding 60%, Samsung has reached a level comparable to TSMC. It is reported that industry leader TSMC's 2-nanometer process yield rate ranges from 60% to 70%.

The US March S&P Global Services PMI preliminary reading is 51.1, marking an 11-month low. The US March S&P Global Composite PMI preliminary reading is 51.4, also hitting an 11-month low.