Core Viewpoint - The launch of Nintendo Switch 2 has exceeded expectations, achieving 6 million units sold within the first 7 weeks, marking the highest sales for any Nintendo console in history [2][4]. Sales Performance - As of the end of June, the sales target for the fiscal year 2025 (ending March 2026) is set at 15 million units, with a current achievement rate of 40% [4]. - In Japan, approximately 1 month post-launch, Switch 2 sold 1.53 million units, surpassing previous records for console sales since 1996 [5]. Financial Performance - For the fiscal quarter of April to June, Nintendo reported a net profit increase of 19% year-on-year, reaching 96 billion yen [2]. - The operating income for the same period was 572.3 billion yen, a 2.3-fold increase, with operating profit growing by 4% to 56.9 billion yen [2]. Profitability Outlook - Nintendo maintains its fiscal year 2025 performance forecast, expecting a 63% increase in operating revenue to 1.9 trillion yen, a 13% increase in operating profit to 320 billion yen, and an 8% increase in net profit to 300 billion yen [6]. - The profit contribution from Switch 2 is anticipated to be lower compared to game software, with a focus on increasing profitability through software sales in the future [6]. Market Challenges - The potential impact of U.S. tariffs poses a risk, as over 40% of Nintendo's revenue comes from the U.S. market [6]. - Price adjustments for some peripherals have already occurred, raising concerns about the impact on overall revenue, while the console price remains unchanged for now [7]. Strategic Focus - Maintaining momentum and driving sales during the year-end shopping season is identified as a critical challenge for Nintendo [8]. - The company aims to leverage the popularity of Switch 2 to boost long-term revenue through software sales, which is essential for sustaining growth [8].

Group 1 - ASML Holdings is the world's largest semiconductor manufacturing equipment company, headquartered in Veldhoven, Netherlands [5] - ASML is the only company that has successfully developed extreme ultraviolet (EUV) lithography machines, which are essential for producing advanced semiconductors like GPUs from NVIDIA [5] - ASML holds a 90% market share in the semiconductor lithography machine sector and currently ranks third in total market capitalization in Europe [5] Group 2 - The company emphasizes that the principles of lithography technology have remained the same for 40 years, indicating a strong foundation in its operational methods [7] - The insights into ASML's powerful capabilities were gained through an exclusive interview at its headquarters [5][9]

Core Viewpoint - The article discusses the global surge in matcha popularity, leading to shortages in Japan, highlighting the increasing demand for matcha products and its implications for the industry [2]. Group 1: Industry Trends - The matcha market has seen a significant increase in demand, with sales rising by 30% year-on-year in Japan [2]. - International interest in matcha has expanded, with countries like the United States and Australia reporting a 50% increase in matcha-related products [2]. - The trend is driven by health-conscious consumers seeking natural and organic products, positioning matcha as a premium offering in the beverage and food sectors [2]. Group 2: Supply Chain Implications - The surge in demand has led to supply shortages in Japan, with some producers unable to meet the rising orders [2]. - Prices for matcha have increased by 20% due to the supply-demand imbalance, affecting both local and international markets [2]. - Producers are exploring ways to scale up production, including expanding cultivation areas and improving processing techniques to meet global demand [2].

日本经济新闻（中文版：日经中文网）中藤玲 硅谷报道 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 苹果在美国销售的绝大部分iPhone一直由中国组装，但为了规避美国对中国征收的额外关 税，从2025年春季起该公司将大部分生产转移到印度。 但向印度转移生产的战略也并非没有风险。虽然特朗普政府4月将智能手机排除在对等关税对 象名单之外，但正在考虑的半导体关税有可能会包含智能手机。 如果半导体关税生效，即便在印度生产，关税成本也会增加，有可能导致iPhone涨价。被认 为最早于2025年秋季上市的iPhone新机型的售价也可能受到影响。 iPhone的销售额有所增长（5月，纽约，reuters） 美国苹果日前发布数据称，特朗普关税将导致该公司7~9月的成本增加11亿美元。对中国制造产品征收 的关税产生影响。虽然苹果正在将生产转移到印度，但如果针对半导体产品的关税生效，成本仍将增 加…… 美国苹果日前发布数据称，美国特朗普政府关税政策将导致该公司2025年7~9月的成本增加 11亿美元。对中国制造产品征收的关税产生影响。虽然苹果正在将生产转移到印度，但如果 针对半导体产品的关税生效，成本仍 ...

Core Viewpoint - Japan's agricultural and fishery product exports are experiencing significant growth, with a target to reach 5 trillion yen by 2030, necessitating an increase in rice exports and diversification of markets [2][7]. Group 1: Export Growth by Country - Exports to the United States increased by 22%, reaching 141 billion yen, with scallops, green tea, and yellowtail showing notable growth [4]. - Exports to China amounted to 90.2 billion yen, primarily driven by roundwood and Japanese sake, reflecting a 15% increase [4]. - Exports to South Korea grew by 22.3%, reaching 50.7 billion yen, focusing on instant coffee and beer [4]. Group 2: Product-Specific Export Increases - Scallops led the increase with an additional 10.9 billion yen, followed by green tea, which rose by 10.4 billion yen, popular in Europe and Southeast Asia [5]. - Japanese sake exports to mainland China and Hong Kong increased by 2.4 billion yen [5]. - Overall, 19 product categories set historical records for export growth [5]. Group 3: Challenges and Future Goals - The U.S. tariff policy under the Trump administration has led to concerns about increased costs and competitiveness for Japanese products, particularly in the second half of the year [7]. - The Japanese government aims to increase rice production and exports, with rice exports growing by 22.6% to 6.775 billion yen, although it only represents 1.3% of total agricultural exports [7]. - The government is also focusing on enhancing production efficiency and expanding market access to boost overall agricultural exports [11].

Rapidus公开了争取2027年量产的2纳米（1纳米为十亿分之一米）电路线宽最尖端半导体的 试制品。社长小池淳义在接受日本经济新闻的采访时就量产表示："以前没有把握，但现在觉 得或许真的可以成功"。同时称表示"目前才爬到1.5合目"，正致力于应对资金筹措和获取客 户等课题。 记者 ：工厂投产3个月就确认了试制品的运行。 小池淳义：不和台积电竞争。最尖端半导体的需求正在增长，只要我们能拿出成果，客户就 会认可并委托我们生产。已经向部分客户单独介绍了试制成果。从他们的立场来说，也希望 有可替代的供应商…… 小池淳义： 客户对我们的快速启动赞不绝口。（提供技术的）美国IBM也很惊讶。计划在 2025年度内提升试制品的特性，使其达到能够发布包含芯片设计所需信息的"PDK（Process Design Kit，工艺设计套件）"的阶段。此前都是假设性的讨论，有了试制品之后，谈判也可 以变得更加具体。 记者： 目前正在谈判的企业有多少家？ 小池淳义： 30～40家。但从工厂的产能来看，没有足够的余力来承接全部订单。 记者： 如何从全球最大的代工企业台积电（TSMC）手中争取客户？ 小池淳义： 不和台积电竞争。最尖端半导体 ...

Core Viewpoint - Japan is taking steps to reduce its reliance on China for critical mineral resources, particularly gallium, by establishing a joint venture in Australia with Sojitz Corporation and Alcoa, aiming for production to start in 2026 and reach over 55 tons annually by 2028, equivalent to Japan's current imports from China [1][3][6]. Group 1 - The joint venture will produce gallium, essential for semiconductor and LED manufacturing, starting in 2026 [3]. - The initiative reflects a shift in focus from low-cost procurement to stable supply chains [4]. - Japan's gallium supply in 2021 was 167 tons, with 97 tons imported, 57% of which came from China [6]. Group 2 - China's export restrictions have destabilized global supply chains, particularly affecting gallium procurement [5][6]. - The Japanese Ministry of Economy, Trade and Industry (METI) is collaborating with Japanese and American companies to expand the rare metal procurement network [1][6]. - The establishment of gallium production facilities in Australia is part of Japan's strategy to enhance economic security in resource sectors [1][6].

Core Viewpoint - The competition in AI is not merely about specific technologies but is driven by a "racehorse mechanism" where various products compete against each other, leading to the United States' leadership in the AI wave [5][6]. Group 1: AI Competition - The large model competition in Silicon Valley has intensified over the past two years, with notable matchups such as GPT-4 versus Gemini Ultra and Claude 3 versus Suno [6]. - The essence of this competition lies beyond the models themselves; it reflects a broader competitive environment that fosters innovation and development [6]. Group 2: Mechanism of Competition - The "racehorse mechanism" has been instrumental in the U.S. achieving its current position in AI, highlighting the importance of competitive dynamics in driving technological advancement [5][6]. - A similar mechanism was previously observed in China's internet industry, which leveraged competition to dominate user engagement, traffic, and ecosystem development over the past decade [6].

Core Viewpoint - The article highlights a significant shift in the Southeast Asian automotive supply chain, where Toyota plans to source components from Chinese manufacturers to enhance cost competitiveness, marking a potential turning point for Japanese automakers in the region [2][9]. Group 1: Market Dynamics - Chinese auto parts manufacturers have a cost advantage of 20-30% compared to Japanese firms, leading to potential exits or downsizing of some Japanese companies [11]. - Toyota's market share in Thailand has seen a decline, with Japanese vehicles dropping to 71% from 90%, while Chinese vehicles, led by BYD, have increased their share to 16% [2]. Group 2: Strategic Moves by Toyota - Toyota has begun officially sourcing parts from Chinese companies in Thailand, including a partnership with Wuhu Yuefei for sound-absorbing materials [5]. - The company is encouraging Japanese parts suppliers to adopt Chinese products to reduce costs, indicating a strategic shift towards more competitive pricing [8]. Group 3: Future Plans - Toyota aims to launch a new vehicle in Southeast Asia by 2028, utilizing a Multi-Pathway Platform that incorporates Chinese components, targeting a 30% reduction in costs [9]. - The company plans to maximize the use of Chinese parts in its electric vehicles, similar to its successful bZ3X model launched in China [8]. Group 4: Industry Context - The automotive parts industry in Thailand consists of approximately 3,100 manufacturers, with Japanese firms accounting for about 1,400, while Chinese firms have increased from 47 to 190 since 2017 [11][13]. - The entry of major Chinese automakers into Southeast Asia, supported by free trade agreements, is intensifying competition and prompting Japanese firms to reconsider their sourcing strategies [13].

特朗普在美国东部时间7月31日（北京时间8月1日）签署的总统令中，设定了对等关税的新 税率。此前只有全部国家或地区一律为10%的基本税率。自8月7日起，对约70个国家或地区 征收10%～41%的对等关税。 对日本关税为15%。由于美国对几乎所有进口汽车征收25%税率的汽车关税，虽然日本与美 国就下调至12.5%达成协议，但并未写入总统令。由于日美协议的税率与对等关税的法律依 据不同，实施时间尚不清楚。 美国总统特朗普已决定提高对世界各国征收的对等关税。特朗普挥舞着高关税的大棒，以力 量强迫各国开放市场和增加对美投资。随着作为最大经济大国的美国背弃自由贸易，世界进 入了被迫与强权支配的新经济秩序对峙的时代。 特朗普在美东7月31日签署的总统令中，设定了对等关税的新税率。高关税扰乱了世界，但给美国带来 了税收增加这一好处。统计显示，仅对等关税的10%部分，截至7月13日的税收就达到221亿美元…… 自1995年世界贸易组织（WTO）成立以来，美国的有效关税税率基本低于3%。一系列关税 上调的措施很可能使有效关税税率达到与第二次世界大战前相同的水平。如果超过20%，则 可以追溯到第一次世界大战前的水平。 特朗普政府 ...