国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ 11月18日消息，中芯国际表示，该公司的产线非常满，三季度产能利用率达到95.8%，订单 很多，产线供不应求。 四季度指引没有大的跃升的原因之一是手机市场现在存储器特别紧缺，价格也涨得非常厉 害。 据 中芯国际 财报显示，该公司前三季度营收约495.1亿元，同比增加18.2%；归属于上市公 司股东的净利润约38.18亿元，同比大增41.1%；毛利率为 23.2%，同比增长5.6个百分点。 单看第三季度，中芯国际营业收入171.62亿元，环比增长6.9%；实现净利润15.17亿元，同 比增长43.1%；毛利率为25.5%，环比上升4.8个百分点；产能利用率上升至95.8%，环比增 长3.3个百分点。 财报显示，中芯国际的产能利用率进一步提升，从第二季度的92.5%上升至95.8%，折合8英 寸标准逻辑月产产能达到百万片。 整体来看，存储的影响是双向的。对当前是提拉订单，对来年是看不清。据观察，存储供应短缺或过剩 5%就有可能给价格带来成倍的影响。目前行业供应存在缺口，预计高价位态势将持续。 此外，NO ...

Core Viewpoint - The article discusses significant changes in institutional investment in NVIDIA, highlighting both large sell-offs and continued bullish positions from various investment firms [2][4][6]. Group 1: Major Sell-offs - Billionaire Peter Thiel sold all his shares in NVIDIA, cashing out nearly $100 million by disposing of approximately 537,742 shares, which accounted for nearly 40% of his investment portfolio [2][4]. - SoftBank completely exited its NVIDIA position in the third quarter, realizing $5.83 billion from the sale [4]. - Bridgewater Associates significantly reduced its NVIDIA holdings by 65.3%, decreasing from 7.23 million shares to 2.51 million shares by the end of the third quarter [4]. Group 2: Bearish Positions - Investor Michael Burry, known for predicting the 2008 financial crisis, disclosed substantial short positions in NVIDIA, including 1 million shares of put options valued at $186 million [5]. Group 3: Continued Bullish Sentiment - Invesco, a global asset management giant, increased its NVIDIA holdings by 3.30% in the third quarter, holding approximately 143 million shares valued at about $26.64 billion, representing 4.20% of its portfolio [6]. - BlackRock also raised its NVIDIA stake, holding around 1.93 billion shares worth approximately $359.96 billion, which is 6.30% of its portfolio, an increase of 1.02% from the previous quarter [6]. Group 4: Market Context - The article notes that the data from institutional filings is limited to the end of the third quarter, and NVIDIA's stock price has seen adjustments since late October, leaving the current positions of these institutions uncertain [7].

Core Viewpoint - Taiwan is revising its export control list for strategic high-tech goods, adding categories such as advanced 3D printing equipment, advanced semiconductor equipment, and quantum computers, requiring manufacturers to apply for export licenses before shipping these items [2][4]. Group 1: Export Control Changes - The revised export control list includes 18 new high-tech items, specifically categorized into three types: advanced 3D printing equipment, advanced semiconductor equipment (including complementary metal-oxide-semiconductor integrated circuits, low-temperature cooling systems, scanning electron microscope equipment, and low-temperature wafer testing equipment), and quantum computers [4]. - Manufacturers in Taiwan must apply for export licenses for the newly added controlled items, and if the export transaction is deemed to pose no risk of military expansion, the license will be granted [4].

Core Insights - Samsung has raised the price of DDR5 memory significantly, with a reported increase of up to 60% from September to mid-November, impacting the supply chain and potentially leading to reduced motherboard sales [1][3]. Price Changes - The price of Samsung's DDR5 32GB memory increased from $149 in September to $240 in mid-November, marking a 60% rise. Other memory sizes also saw substantial price increases, with 16GB priced at $136 and 128GB at $1195, while 64GB and 96GB exceeded a 30% increase [3]. Supply Chain Impact - Due to the soaring memory prices, motherboard manufacturers are reportedly halting shipments and delaying new product development. This is a response to concerns that high memory costs will deter consumer purchases, potentially leading to unsold inventory and financial losses [3]. Product Development Delays - NVIDIA's planned release of the RTX 50 Super series graphics cards has been postponed, primarily due to the anticipated increase in memory capacity for these products [4].

Core Viewpoint - The article discusses the strategic importance of the semiconductor industry and the U.S. government's efforts to increase domestic chip production to at least 50% of its usage, aiming to regain leadership in the global semiconductor market [2][4]. Group 1: U.S. Semiconductor Industry Goals - The U.S. government has set a clear target for the semiconductor industry, aiming for at least 50% of chips used in the country to be manufactured domestically [2]. - This initiative is part of a broader strategy to reverse the decline in the U.S. share of global semiconductor manufacturing, which fell from 37% in 1990 to 10% in 2022 [4]. Group 2: Policy Measures and Investments - The U.S. has implemented various policies to encourage semiconductor manufacturing, including the "CHIPS and Science Act" and proposed tariffs on semiconductor imports [4]. - Major semiconductor companies like TSMC and Samsung are investing heavily in U.S. manufacturing facilities as a result of these policies [4]. Group 3: Market Growth Projections - Global semiconductor sales are projected to exceed $600 billion for the first time in 2024, reaching $630.5 billion, with an expected growth of 11.2% to $701 billion in 2025 [4]. - The Americas region is identified as the fastest-growing market, with a year-on-year growth rate of 44.4% [4].

Core Viewpoint - The article emphasizes the importance of revitalizing the domestic semiconductor industry and suggests that in the era of information explosion, efficient information acquisition is crucial [1]. Group 1: Information Acquisition - In the fragmented information age, it is essential to focus on high-quality information sources to gain valuable insights [1]. - The article recommends that semiconductor professionals should follow five specific WeChat public accounts to stay updated on industry trends and technologies [1]. Group 2: Recommended WeChat Accounts - "半导体技术天地" focuses on semiconductor industry technology and expert explanations [3]. - "全球电子市场" is the leading WeChat platform in the semiconductor industry, with 500,000 industry professionals already following it [5]. - "半导体行业圈" serves as a community for semiconductor professionals [7]. - "半导体产业联盟" is a platform for the entire semiconductor industry chain [9]. - The article mentions a WeChat group with 80,000 members that is open for free access [12].

国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ 11月14日消息，当全球存储巨头因人工智能热潮而股价一路高歌猛进时，日本的存储巨头铠侠公司却突然给行业浇了 一盆冷水。 本周四，日本铠侠公司公布其2025财年第二季度财报：季度调整后净利润大幅下降， 同比降幅超过60% ，仅有407亿 日元，远未达到市场分析师474亿日元的普遍预期。 同时，该公司当季营收同比下降7%至4483亿日元，营利同比下降48%至859亿日元。 这一令人失望的表现引发了美国存储行业的连锁反应——美东时间周四收盘时，希捷的股价下跌7.29%，西部数据下 跌5.39%，美光科技下跌3.25%。 在周五早间，铠侠公司在日本股市遭遇了更加骇人的抛售潮：铠侠股价开盘就直线跳水，截至发稿已经下跌23%。 不过，由于今年的AI热潮导致存储行业备受投资者追捧，铠侠公司年初至今的股价即便在周五暴跌后，仍然有477% 的惊人涨幅。 ***************END*************** 半导体公众号推荐 半导体论坛百万微信群 加群步骤： 第一步：扫描下方二维码，关注国芯网微信公众号。 ...

Core Viewpoint - The article discusses the ongoing geopolitical and commercial dispute involving ASML, a Dutch semiconductor manufacturer, and its Chinese operations, highlighting the efforts of the Dutch government to resolve the situation and restore stability in the global semiconductor supply chain [2][4]. Group 1: Geopolitical Context - The Dutch government, represented by Economic Minister Vincent Karremans, plans to send a delegation to China to seek a mutually acceptable solution regarding ASML [2][4]. - The dispute began in late September, primarily due to concerns over technology transfer to ASML's Chinese parent company, Wingtech Technology, leading to the Dutch government taking control of ASML [4]. Group 2: Impact on Semiconductor Supply Chain - ASML produces billions of chips for the automotive and electronics industries, and the ongoing tensions have raised concerns about the supply chain for these sectors [4]. - China has implemented export controls on products produced at ASML's Chinese factory, which threatens the stability of the automotive supply chain [4]. Group 3: Diplomatic Efforts - The Chinese Ministry of Commerce has expressed a willingness to engage in discussions with the Dutch side, emphasizing the importance of restoring the global semiconductor supply chain's stability [4]. - The Dutch government holds veto power over ASML's strategic decisions, indicating the significant geopolitical implications of this dispute [4].

Core Viewpoint - The article highlights the challenges faced by the semiconductor industry, particularly in the memory/storage segment, due to rising prices and supply constraints impacting smartphone manufacturers [1][3]. Group 1: Industry Challenges - Global memory/storage prices are surging, creating pressure on smartphone manufacturers [1]. - SMIC's CEO Zhao Haijun warned of tight supply in memory chips, leading to cautious procurement behavior among clients in the smartphone sector [1][3]. Group 2: Financial Performance - In Q3, SMIC's sales revenue by region was 86% from China, 11% from the US, and 3% from Eurasia, with China's revenue increasing by 11% quarter-over-quarter due to accelerated supply chain shifts and expanding domestic market demand [3]. - Despite Q4 being a traditional off-season, the ongoing effects of supply chain transitions are expected to keep demand stable, countering typical seasonal slowdowns [3]. Group 3: Market Dynamics - The rising prices of large memory or storage smartphones are causing significant pressure on manufacturers, who may have to pass costs onto consumers, risking loss of this customer segment [3].

Core Viewpoint - The article discusses the impact of stricter U.S. export controls on semiconductor equipment suppliers, particularly focusing on Applied Materials and its declining market presence in China [2][4]. Group 1: Market Impact - Applied Materials' CEO, Dickson, stated that due to stricter U.S. regulations, the company can no longer supply equipment to China's memory chip and mature process markets [2]. - The company's revenue share from the Chinese market has decreased from nearly 40% to just over 20% [4]. Group 2: Financial Performance - For the fourth fiscal quarter of 2025, Applied Materials reported a 3% year-over-year decline in revenue to $6.8 billion, with semiconductor systems revenue down 8% to $4.76 billion [4]. - Adjusted net profit fell by 10% year-over-year to $1.732 billion [4]. Group 3: Workforce Adjustments - Applied Materials announced a workforce reduction of approximately 4%, equating to about 1,400 positions, to streamline operations in response to the tightening export controls [4]. - The layoffs are expected to incur costs between $160 million and $180 million, primarily recognized in the fourth quarter of the 2025 fiscal year [4]. Group 4: Strategic Focus - The CEO emphasized the company's goal to continue transforming its operational model, accelerating processes, simplifying decision-making, and focusing on key areas for significant growth in the coming years [4].