Core Viewpoint - The article discusses the secretive use of tracking devices by U.S. authorities on advanced chip shipments deemed at high risk for illegal diversion, highlighting the extreme measures taken to enforce export restrictions against China [2][3]. Group 1: Tracking Devices and Enforcement - U.S. authorities have installed tracking devices on specific shipments of advanced chips to monitor their potential diversion to restricted destinations [2]. - This enforcement action reflects a significant escalation in the U.S. approach to controlling semiconductor exports to China, despite some recent attempts to ease restrictions [2][3]. - Tracking devices have been used historically by U.S. law enforcement to monitor restricted goods, including semiconductor shipments [3][4]. Group 2: Industry Impact and Reactions - Major companies in the AI server supply chain, such as Dell and Super Micro, have been implicated in the use of these tracking devices during the transportation of servers containing Nvidia and AMD chips [2][3]. - Companies like Super Micro and Dell have refrained from commenting on the tracking practices, while Nvidia and AMD have also not provided responses to inquiries [3][4]. - The U.S. government has proposed that domestic chip manufacturers incorporate location verification technology in their products to prevent diversion to restricted countries [4].

这位 55 岁的 CEO 表示，她认为自己永远不会为潜在的 AMD 招聘对象开出 10 亿美元级别的薪 酬包。 "我认为对人才的竞争非常激烈。我相信金钱很重要，但坦率地说，在吸引人才时，它未必是最重 要的因素。"苏姿丰说。 "你需要在这些薪酬数字的大致区间内，但更重要的是找到那些真正相信你使命的人。" AMD 与 Meta 均未回应《商业内幕》就此事发出的置评请求。 当前的 AI 人才争夺战中，Meta、微软等科技巨头都在开出数百万美元的薪资来争抢人才。 竞争激烈到一些公司甚至会主动向已接受其他公司 Offer 的候选人发冷邮件挖人。 如果您希望可以时常见面，欢迎标星收藏哦~ 来 源 ：内容 编译自 businessinsider 。 AMD 首席执行官苏姿丰（Lisa Su）表示，在吸引顶尖 AI 人才时，真正重要的是使命，而不是金 钱。 苏姿丰在周二发布的《Wired》采访中被问及，如何看待马克·扎克伯格为吸引顶级 AI 研究人员加 入 Meta 而开出的巨额薪酬方案。 https://www.businessinsider.com/amd-ceo-would-not-what-zuckerberg-sn ...

Group 1 - Kangji Medical (09997) resumed trading with a nearly 1% increase, announcing a privatization agreement with Knight Bidco Limited, which will make Kangji a wholly-owned subsidiary and delist from the Hong Kong Stock Exchange after completion [1] - Tencent Music (01698) opened high with over a 15% increase, reporting a 30% year-on-year increase in adjusted net profit for Q2 ending June 30, 2025, driven by high-quality growth in its online music business [1] - Mingyuan Cloud (00909) opened over 2% higher, announcing a cash acquisition of 100% equity in ASIOT Co., Ltd. for 700 million yen by its subsidiary MytePro Japan [1] Group 2 - Yuedu Group (00772) surged over 15%, reporting a 68.5% year-on-year increase in net profit for the first half of the year, with strong performance in IP for premium films and animations, and significant growth in the emerging short drama sector [2] - Minmetals Resources (01208) rose over 9%, with net profit increasing 15 times year-on-year, attributed to higher copper production and rising prices of copper, gold, silver, and zinc [2] - Beihai Kangcheng-B (01228) increased over 31%, announcing a strategic cooperation agreement with Baiyang Pharmaceutical for exclusive commercial services in promoting several products in mainland China, Hong Kong, and Macau [2] Group 3 - Zhonghui Biotech-B (02627) surged over 25%, as its vaccine product was included in the preliminary review list of the national commercial health insurance innovative drug catalog [2] - Gilead Sciences-B (01672) rose over 5%, announcing promising efficacy results for its candidate drug ASC47 in combination with teriparatide for obesity treatment in diet-induced obesity mouse studies [3] - Dongying Travel (06882) fell over 9%, issuing a profit warning with expected net profit of approximately 6 million HKD for the first half of 2025, down about 82% from 34 million HKD in the same period last year [3] Group 4 - Kodak (KODK.US) dropped 19.91% after reporting a shift from profit to loss in Q2, raising concerns about its ability to execute critical financing measures [4] - Niu Technologies (NIU.US) rose 11.69%, reporting a turnaround to profitability in Q2 and projecting Q3 revenue between 1.433 billion to 1.638 billion CNY, a year-on-year increase of 40% to 60% [4] - Huya (HUYA.US) increased by 4.53%, preparing to release its financial report, with a strong growth trajectory in gaming-related services [4] Group 5 - ON Running (ONON.US) rose 8.95%, reporting a 32% year-on-year increase in Q2 sales and projecting annual net sales of at least 2.91 billion Swiss francs, exceeding previous expectations [6] - Micron Technology (MU.US) increased by 3.26%, significantly raising its Q4 fiscal year 2025 revenue guidance to between 11.1 billion to 11.3 billion USD, with gross margin guidance improved to 44% to 45% [6]

美国白宫表示，在英伟达和AMD同意向政府上交在华销售收入的15%后，这项协议未来可能会扩展到其他芯片公司。外汇交易员 (@myfxtrader):特朗普暗示，他可能会允许英伟达在中国销售下一代先进GPU芯片Blackwell的减配版。特朗普也证实要求英伟达和AMD向美国政府上交在华销售收入的15%，并称自己原本希望获得20%，最终双方达成“交易”，敲定在15%。 ...

Group 1: US-China Trade Relations - The US and China have agreed to suspend the implementation of a 24% tariff for 90 days, which temporarily stabilizes trade relations and delays uncertainty [2] - Both countries have made efforts to restore normal trade relations, with China agreeing to resume rare earth exports and the US easing semiconductor export controls [2] - The ongoing trade tensions and tariff measures highlight the complexities and uncertainties in US-China trade relations, which are seen as detrimental to both sides [2] Group 2: New Business Entities in China - In the first half of the year, over 13.27 million new business entities were established in China, including 4.62 million new enterprises and 8.63 million individual businesses [3] - The growth of new private and foreign enterprises indicates a positive trend, with private enterprises increasing by 4.6% year-on-year [3] - The service sector, particularly in cultural industries, has shown significant growth, contributing to job creation and economic resilience [3] Group 3: VAT Law Implementation - The Ministry of Finance and the State Taxation Administration have released a draft for the implementation of the VAT Law, which clarifies tax regulations and enhances transparency [4] - The VAT is a major tax source in China, projected to generate approximately 6.57 trillion yuan in 2024, accounting for 38% of total tax revenue [4] - The new regulations aim to provide clearer guidelines for tax rates and improve the accessibility of VAT benefits for various market participants [4] Group 4: Loan Subsidy Policy for Service Industry - A new loan subsidy policy has been introduced to support service industry entities, allowing for a 1% interest subsidy on loans up to 1 million yuan [6] - The policy targets small and micro enterprises in sectors such as hospitality, health, and culture, aiming to enhance their financial support [6] - The initiative is expected to stimulate the service sector, although its overall impact remains to be seen [7] Group 5: Robotics Industry Development in Hangzhou - Hangzhou is drafting regulations to promote the development of the embodied intelligent robotics industry, focusing on a regulatory framework that encourages innovation [8] - The city has over 200 robotics companies and aims to establish a supportive policy environment for high-quality industry growth [8] - The initiative reflects a broader trend of local governments actively fostering technological advancements and economic transformation [9] Group 6: Housing Fund Policy in Suzhou - Suzhou has announced measures to expand the use of housing provident fund loans, including lowering down payment ratios and allowing for more flexible withdrawals [10] - These changes aim to support the local real estate market and alleviate financial pressure on residents [10] - The adjustments are part of a wider trend among cities to enhance the utility of housing funds and stimulate housing demand [10] Group 7: Nvidia's Revenue Sharing Agreement - Nvidia has reportedly agreed to pay 15% of its revenue from H20 chip sales in China to the US government in exchange for export licenses [11] - This unprecedented arrangement raises questions about the implications for market dynamics and the perception of US-China trade policies [11] - The move reflects a shift in the US government's approach to regulating technology exports while seeking to increase government revenue [11] Group 8: Stock Market Performance - The stock market has shown a positive trend, with the Shanghai Composite Index rising by 0.5% and reaching new highs [12] - Despite the overall market growth, there is caution regarding potential corrections and shifts in market focus, particularly in speculative sectors [12] - The performance of semiconductor stocks has been influenced by developments in US-China trade relations, particularly regarding chip exports [12]

以下文章来源于港股解码 ，作者毛婷 港股解码 . 香港财华社明星专栏，20年专注港股，金融大咖汇聚，分析投资价值，做一个有态度、有深度、有意思的原 创财经新媒体！ 导语：据说特朗普一开始狮子大开口要 20%，结果被英伟达CEO黄仁勋"砍价"到15%。 最近芯片圈炸了个大瓜：英伟达（ NVDA.US ）和 AMD （ AMD.US ）为了把自家芯片卖到中国， 8 月 11 日白宫一官宣，这事儿就定了。更有意思的是，据说特朗普一开始狮子大开口要 20% ，结 果被英伟达 CEO 黄仁勋"砍价"到 15% 。 华尔街：虽然肉痛，但总比丢了市场强 消息一出，英伟达和 AMD 股价并未大跌，只是稍微跌了点。换个角度来看，华尔街这些投行或主力 资金对此事显然持乐观态度。为啥？ 因为大家心里门儿清：丢了中国市场，可比交 15% 的钱惨多了。 首先，英伟达和 AMD 仍可保留 85% 出口至中国的收入。其次，如果英伟达和 AMD 的芯片不能进 入中国市场，华为将完全取代其他供应商，并得到了长足的机会，英伟达和 AMD 将失去这个潜力巨 大的市场，这是投资者所不愿意看到的。 在今年 7 月英伟达市值突破 4 万亿美元，黄仁勋应 ...

Group 1: Macro Strategy and Market Overview - The three major equity indices continued to rise in early August, with the Shanghai Composite Index and Shenzhen Component Index both increasing by over 2%, and the ChiNext Index rising by 4.88% [20][21] - The central bank's net cash injection was 163.5 billion yuan, maintaining stable liquidity in early August, with the 7-day reverse repo rate (DR007) hovering around 1.45% [21][22] - Commodity prices showed mixed trends, with non-ferrous metals rebounding, crude oil slightly declining, and precious metals rebounding again [21] Group 2: Fixed Income and Bond Market - The upcoming issuance of 20-year special government bonds is expected to peak, presenting trading opportunities during the issuance process [2] - The new and old bond yield spread for 20-year bonds typically narrows by 0.4-1.5 basis points, with notable exceptions during significant market events [2] Group 3: Export Growth and Trade Analysis - China's exports showed steady growth in the first seven months of 2025, with a cumulative year-on-year increase of 6.1%, surpassing the 5.8% growth rate for the entire year of 2024 [23][24] - The global trade volume is expected to cool down in the second half of the year, influenced by preemptive demand in the U.S. and a decline in imports [23][24] - China's share of global exports has been increasing, with a notable rise in exports to non-U.S. regions compensating for declines in U.S. exports [24][25] Group 4: Company-Specific Insights - Yuan Da Pharmaceutical achieved a revenue of 10.784 billion yuan in 2024, a year-on-year increase of 10.59%, and a net profit of 2.286 billion yuan, up 31.28% [28][31] - The company is pioneering a new treatment for sepsis, STC3141, which has shown promising results in clinical trials [29][30] - Yuan Da's nuclear medicine segment is expanding, with significant sales growth expected from its core product, yttrium-90 microspheres, which has treated nearly 2,000 patients [30][31] Group 5: Industry Trends and Recommendations - The semiconductor industry is projected to continue its optimistic growth trajectory in 2025, driven by AI and high-performance computing [7] - The demand for storage solutions, particularly HBM and DDR5, is expected to remain strong, with price increases anticipated in the third quarter [7] - The construction materials sector, particularly cement and explosives, is expected to benefit from major infrastructure projects like the New Tibet Railway [34]

U.S. President Donald Trump (L) invites Nvidia CEO Jensen Huang to speak in the Cross Hall of the White House during an event on "Investing in America" on April 30, 2025 in Washington, DC.The Trump administration is still working out the details of its 15% export tax on Nvidia and AMD and could bring deals of this kind to more companies, the White House's Karoline Leavitt said Tuesday."Right now it stands with these two companies. Perhaps it could expand in the future to other companies," said Leavitt, the ...

Key Takeaways AMD shares have surged 17.8% in a month, outpacing the sector and NVIDIA's gains.Q3 revenue forecast is $8.7B, up 28% year over year at the midpoint.MI350 GPUs, EPYC chips, and big-name partners boost AI footprint.Advanced Micro Devices (AMD) shares have jumped 17.8% in the past month, outperforming the Zacks Computer and Technology sector and its closest peer, NVIDIA (NVDA) . The broader sector has appreciated 5.1% while NVIDIA has jumped 11%.However, shares have dropped 1.1% since the compan ...

Brian, you bought more Broadcom, Nvidia, and AMD. >> I did. >> Tell me why you did that.>> Well, I think Broadcom and Nvidia are Coke and Pepsi. Nvidia is is obviously the clear leader. We given the fact that the stock had run a little bit too much, we needed to kind of rightsize our position.We still love love love that company longer term, but we're making a bet on on AMD and Broadcom to be sub A and sub B under Nvidia. And those are our three biggest chip company positions. What do you think of the the d ...