Group 1 - The nomination of Kevin Warsh as the next Federal Reserve Chairman by President Trump has sparked hawkish expectations, leading to a significant sell-off in the global precious metals market, with silver dropping over 35% and gold nearly 13% [3][5] - The Federal Reserve's policy framework may see a notable shift if Warsh assumes leadership, as Deutsche Bank suggests a unique combination of "rate cuts and balance sheet reduction" could emerge under his guidance [3] - The U.S. Treasury Department reported a projected decline in national fiscal revenue for 2025, with total revenue expected to be 21.6 trillion yuan, a decrease of 1.7% year-on-year [4] Group 2 - The World Trade Organization ruled that U.S. clean energy subsidy measures violate WTO rules in the dispute initiated by China regarding the Inflation Reduction Act [4] - The China-UK economic relationship is set to deepen with the signing of four economic cooperation documents, focusing on "Export to China" initiatives and service trade agreements [4] - The Panama Supreme Court ruled that the contract for the operation of ports along the Panama Canal held by CK Hutchison is invalid, prompting a response from the Chinese government to protect its legitimate rights [4] Group 3 - The China Securities Regulatory Commission (CSRC) is working to enhance the attractiveness and flexibility of refinancing systems to support the capital market's stable growth [6] - The A-share market experienced a decline, with the Shanghai Composite Index falling by 0.96% and significant sell-offs in gold stocks [6] - The CSRC is revising the registration management measures for listed companies to clarify the types of strategic investors and enforce a minimum holding requirement of 5% [6] Group 4 - The regulatory body has issued new guidelines for fund sales and marketing practices, prohibiting collaborations with unqualified internet influencers and requiring the removal of misleading features from fund platforms [7] - The Hong Kong Securities and Futures Commission is addressing issues related to the surge in IPO applications expected in 2025, highlighting deficiencies in the preparation of listing documents [8] - The Shanghai Stock Exchange is monitoring stocks with abnormal fluctuations and has reported several cases of suspected violations to the CSRC [8]

柜台"无价亦无货" 在不足1个月的时间里，单台服务器价格上涨了10万元，且此 价格并非最终成交价。 作者：郑晨烨 封图：图虫创意 "当前报价为40万元。"2026年1月27日下午，在深圳华强北电子市场，主营服务器一体机的程先 生给出了最新报价。记者询问的是一台搭载8张英伟达RTX 5090显卡的服务器，而在2025年12 月底，相同配置下，程先生的报价为30万元。 在不足1个月的时间里，单台服务器价格上涨了10万元，且此价格并非最终成交价。程先生报出 40万元价格后补充道："具体价格明天才能确定，现在配件那边已经下班，无法给出准确报价，内 存跟显卡的价格一直在涨，半天一价。" 剧烈的价格波动，使买卖双方都陷入尴尬境地。 作为卖方的存储芯片商家称，价格如今"一直在跳"，根本不敢囤货，"有些囤货的人在赌"；对于 买方而言，以往常见的"口头下单"已成为过去式，取而代之的是"报价仅当日有效"。 在付款方式上，商家提出的要求也愈发严苛：下单即付50%的定金，且必须在服务器出厂前付清 全款。 同为服务器商家的李小姐称，目前她不敢承接流程较长的公司订单，在漫长的合同流转与财务审批 期间，零部件价格的涨幅完全不可控，很可能合 ...

尊敬的客户: 您好,受当前全行业芯片供应紧张、成本上升等因素的影响,封装成 品交付周期变长,成本较此前大幅度增加,框架、封测费用等成本也持续 上涨。 鉴于当前严峻的供需形势以及巨大的成本压力,我司经过慎重研究, 决定于即日起对 MCU、Nor flash 等产品进行价格调整,涨价幅度 15%~50%。 1月27日，中微半导体（深圳）股份有限公司（以下简称：中微半导）向客户发布涨价通知函，决定于即日起对MCU（微控制器）、Nor Flash（一种非易 失性存储芯片）等产品进行价格调整，涨价幅度15%-50%。若后续成本再次发生大幅变动，价格也将跟进调整。 对于涨价原因，中微半导在通知函中解释称，主要受行业芯片供应紧张、成本上升等因素影响，封装成品交付周期变长，成本较此前大幅度增加，框架、 封测费用等成本也持续上涨。 on 涨价通知函 我们将一如既往的为合作伙伴提供稳定的交付支持和有竞争力的商务 条件,希望我们能互相理解,互相支持,共克时艰,顺利共度本次芯片行 业周期波动。若后续成本再次发生大幅变动,价格也将跟进调整。 具体型号的价格调整,请与我司销售人员进行确认。 感谢您长期以来对中微半导的支持和信赖。 中微 ...

据智通财经消息，1月27日，中微半导、国科微两家半导体（核心股）公司相继发出涨价函，公司旗下 部分芯片产品将不同程度涨价。中微半导、国科微的涨价覆盖MCU、Norflash、合封KGD等核心产品， 涨幅最高达80%，反映出下游需求复苏与上游成本压力的双重传导效应。同时，此次涨价潮也反映了国 产芯片（核心股）在供货稳定性方面的优势获得下游认可，有利于加速国产替代的进程。 结合近期全球芯片涨价潮来看，存储芯片领域涨价最为明显，三星电子近日宣布NAND涨价100%以 上，摩根士丹利预计，2026年一季度DDR4芯片价格涨幅或达50%，NOR Flash报价预计上涨20%至 30%；封测环节，行业龙头日月光将封测价格调涨5%—20%，高于此前的5%—10%；CPU、模拟芯片 领域，英特尔、TI等企业部分型号涨价。 落脚到A股市场，对于国内芯片行业而言，国产厂商同步提价，体现定价权提升与国产替代加速，有望 通过涨价修复毛利率、改善现金流，为研发与扩产提供支撑，增厚业绩弹性，关注有涨价预期的芯片产 业链各环节龙头企业。（光大证券微资讯） 股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 涨价主要是因为AI算力 ...

1月28日，美股存储板块盘前大涨，希捷科技盘前涨超8%，西部数据涨超6%，闪迪涨超4%，美光科技涨近3%。 | | 371.760 +13.470 +3.76% | | | 希捷科技(SEAGATE) 立即 | | | | --- | --- | --- | --- | --- | --- | --- | | | | | | | | STX 交易 | | NASDAQ USD 20:00:00 | | | | | | 10 + | | 盘前价 | 402.950 涨幅额 | 8.39% | 交生 | 34.99% 120日 | | 146.42% | | 涨跌量 | 31.190 盘前量 | 12.66万 | 5日 | 14.04% 250日 | | 277.95% | | 三一 | 403.000 | 100 | 20日 | 29.89% 52周高 | | 370.47 | | 北一 | 401.340 | 1 | 60日 | 40.33% 52周低 | | 62.50 | | 总量 | 735.36万 换手 | 3.44% | | 2024 | 2025 | 2026H1 | | 现手 | 1124 量比 ...

| 股东 | 是否为控 股股东或 | 本次质押 | 占其所 | 占公司 当前总 | 是否 | 是否 为补 | 质押 | 质押 | | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 第一大股 | 数量（股） | 持股份 | 股本比 | 为限 | 充质 | 起始日 | 到期日 | 质权人 | 用途 | | | 东及其一 致行动人 | | 比例 | 例 | 售股 | 押 | | | | | | 国科 控股 | 是 | 2,400,000 | 6.15% | 1.11% | 否 | 否 | 2026 年 1 月 27 日 | 解除质 押之日 止 | 渤海国际信 托股份有限 公司 | 融资 | | 合计 | - | 2,400,000 | 6.15% | 1.11% | - | - | - | - | - | - | 1、本次股份质押基本情况 注：本次质押股份不涉及负担重大资产重组等业绩补偿义务。 2、股东股份累计质押情况 1 证券代码：300672 证券简称：国科微 公告编号：2026-005 湖南国科微 ...

证券分析师 行 业 报 告 行业点评 半导体行业涨价函频发，新一轮价格调整周期开启 强于大市( 维持) 平安观点： 电子 杨钟 投资咨询资格编号 S1060525080001 yangzhong035@pingan.com.cn 徐碧云 投资咨询资格编号 S1060523070002 XUBIYUN372@pingan.com.cn 事项： 近期，多家半导体行业公司相继发布涨价函。 行 业 点 评 2026年01月28日 研 究 报 告 率器件、MCU、SoC芯片等均受波及，各家厂商纷纷跟进提价。 投资建议：我们看到AI服务器等AI相关应用领域需求旺盛，上游芯片产 能调配以利润为核，转向存储等更高毛利产品，其他成熟制程产品产 能被挤占，加上当前库存消化较为充分，成本上涨压逐步传导引起连 锁反应，导致芯片价格水涨船高，从存储芯涨价逐步传导功率器 件、驱动芯、模拟芯片、MCU等各领域。涨价周期背景下，我们看好 半导体各个环节，建议关注功率器件、模拟芯片、MCU芯片、SoC芯片 等各个细分市场，尤其是市占率高、竞 证 券 行情走势图 半导体芯片涨价函频发：1月27日，中微半导发布涨价函，表示受当前全 行业芯片供应紧 ...

Core Viewpoint - The semiconductor industry is experiencing a widespread price increase, affecting various segments including memory, passive components, and main control chips, driven by rising raw material costs and strong demand, particularly in AI applications [2][3][35]. Price Increases in Semiconductor Components - Companies like Zhongwei Semiconductor announced price hikes of 15%-50% for MCU and NOR Flash products starting January 2026 [2][60]. - Major memory manufacturers such as Samsung and SK Hynix have also raised prices significantly, with Samsung increasing NAND Flash prices by over 100% in Q1 2026 [20][22]. - Micron has reported a general price increase of approximately 20% across its product lines [23][24]. Price Increases in Raw Materials and PCB - Resonac announced a 30% price increase for copper-clad laminates and adhesive films starting March 1, 2026, due to tight supply and rising costs [8]. - Nanya Plastics raised prices for all CCL and PP products by 8% due to increases in raw material costs [12]. - Taisil has implemented price increases of 5%-10% for its copper-clad laminates in response to rising material costs [9]. Price Increases in Wafer Foundries - TSMC has informed clients of price increases for advanced nodes (5nm, 4nm, 3nm, 2nm) over four consecutive years, with expected increases of 8%-10% for 5nm and up to 50% for 2nm [15]. - SMIC has also raised prices by approximately 10% for certain capacities [16]. - TrendForce predicts that the average capacity utilization rate for 8-inch wafer foundries will rise to 85%-90% in 2026, prompting price increases of 5%-20% across the board [14]. Price Increases in Passive Components - Companies like Yageo and Walsin have announced price increases for tantalum capacitors and resistors, with Yageo raising prices by 15%-20% for certain resistor products [33][34]. - Other passive component manufacturers are also adjusting prices due to rising raw material costs, with increases ranging from 5% to 30% [32][40]. General Market Trends - The semiconductor market is seeing a significant increase in demand driven by AI applications, leading to widespread price adjustments across various sectors [35][58]. - Many companies are experiencing full order books, prompting them to consider further price increases in the near future [19][20].

近期，全球芯片领域正在掀新一轮涨价潮，三星电子、SK海力士已经完成与苹果谈判，大幅上调 iPhone所用LPDDR内存的价格，三星报价涨幅超过80%，SK海力士则接近100%。国内方面，中微半导 宣布调整MCU、Norflash等产品价格，涨幅15%-50%；国科微宣布KGD产品涨价，幅度40%-80%。 巴西247新闻网近日发文称，分析师预计未来内存芯片价格还将继续上涨。Counterpoint预计，继去年 50%的涨幅之后，今年第一季度内存芯片价格将再增长40%至50%。 但报道也提到，随着内存芯片价格大幅上涨，全球消费电子产品行业面临压力，包括智能手机、个人电 脑和游戏机的需求可能减少。IDC和Counterpoint预测，今年智能手机销售额下滑2%，与几个月前的增 长预期形成显著逆转，这将是自2023年以来首次年度下降；PC市场收缩4.9%，游戏机销售额下降 4.4%。 与此同时，Apple和Dell等制造商面临成本上升，以及是否转嫁价格给消费者的抉择，对低端和中端设 备制造商的冲击可能更大。 近期，全球芯片领域正在掀新一轮涨价潮，三星电子、SK海力士已经完成与苹果谈判，大幅上调 iPhone所用LP ...

Core Viewpoint - The semiconductor industry in China is experiencing a clear trend of price increases, driven by tight supply and rising costs, with major companies like Zhongwei Semiconductor and Guokewai announcing significant price hikes for their products [1][2]. Group 1: Price Increases - Zhongwei Semiconductor announced price increases for its core products, including MCU and NorFlash, with adjustments ranging from 15% to 50% due to supply constraints and rising costs [1]. - Guokewai has issued a price increase notice for its KGD series products, with price hikes of 40% for 512Mb, 60% for 1Gb, and 80% for 2Gb specifications, indicating a significant upward trend in pricing [2]. Group 2: Industry Performance - The semiconductor industry index rose by 18.91% from January 1 to January 23, 2026, outperforming the CSI 300 index, driven by improved expectations for the industry [2]. - The storage chip sector is entering a high prosperity cycle, with strong performance driven by the explosive growth of AI and computing power industries, leading to improved revenue and profit for related companies [2]. Group 3: ETF and Index Information - The Southern Science and Technology Chip ETF (588890) closely tracks the Shanghai Stock Exchange Science and Technology Innovation Board Chip Index, which includes companies involved in semiconductor materials, equipment, design, manufacturing, and testing [3]. - The top ten weighted stocks in the index include major players such as SMIC, Haiguang Information, and Cambrian, reflecting the overall performance of representative semiconductor companies listed on the Science and Technology Innovation Board [3].