随着半导体产业持续迭代升级，业内工程师愈发清晰地认识到：决定下一代算力上限的， 已不再仅仅是光刻机精度与晶体管微缩工艺，长期被低估的关键材料，正成为引领下一轮 技术突破的核心变量。 3月25日，2026慕尼黑上海电子生产设备展在上海新国际博览中心正式开幕。作为电子制造领域的 重要风向标，本届展会展览面积近十万平方米，汇聚逾千家参展商，覆盖半导体、新能源与智能制 造 全 产 业 链 。 在 这 场 年 度 行 业 盛 会 上 ， 材 料 科 学 公 司 陶 氏 亮 相 W1.1552 展 位 ， 围 绕 "AI 数 智 时 代"的产业升级需求发布了其贯穿技术布局的战略平台——DOW™ Cooling Science热管理材料科 学平台。 展台上，从导热凝胶、导热硅脂、浸没式冷却液到先进封装材料，数十款有机硅产品构建起一条贯 穿"芯片—封装—系统—终端应用（数据中心、消费电子、智能汽车、具身智能等）"的完整材料解 决方案路径，也勾勒出热管理从局部优化走向系统工程的演进趋势。 "当硬件设计逼近物理极限，材料性能的跃迁，将成为打开产业升级空间的关键钥匙之一。"陶氏公 司消费品解决方案全球战略市场总监楚敏思在展会期间表 ...

专题：跨国企业在中国 新浪财经ESG评级中心提供包括资讯、报告、培训、咨询等在内的14项ESG服务，助力上市公司传播ESG理念，提升ESG可持续发展表现。点击 查看【 ESG评级中心服务手册】 文 | 新浪财经 李欣然 当前，中国经济正迈入高质量发展的新阶段，"新质生产力"成为驱动产业升级与绿色转型的核心引擎。新能源、人工智能、半导体、高端制造等战略性新兴 产业加速崛起，产业链与供应链在规模优势的基础上，愈发呈现出数字化、绿色化、协同化的新特征。与此同时，全球供应链格局持续演变，中国凭借完备 的产业体系、高效的基础设施和持续优化的营商环境，依然是跨国企业深度合作与创新落地的重要市场。在"双碳"目标引领下，循环经济、清洁能源与低碳 技术正从理念走向规模化实践，为企业带来了新的责任与机遇。 在这一宏观背景下，新浪财经对话了陶氏公司大中华区总裁黄映雪，围绕市场机遇、本土化实践、可持续发展及产业链协同等核心议题展开交流，探讨面对 中国市场快速迭代的政策导向、产业需求与竞争格局，跨国公司如何把握结构性机遇、平衡全球技术与本土需求、对齐国家"双碳"战略，并深化在华布局赋 能产业升级。 陶氏公司大中华区总裁黄映雪 新浪财经 ...

Group 1 - SpaceX is preparing for its largest IPO, planning to submit confidential documents to regulators soon, with a target valuation of $1.75 trillion and expected fundraising of $50 billion to $75 billion [2] - OpenAI will shut down its Sora video generation service and terminate its partnership with Disney to streamline its AI product line [3] - Pop Mart's revenue for 2025 is projected to reach 37.12 billion yuan, a year-on-year increase of 184.7%, with adjusted net profit expected to be 13.08 billion yuan, up 284.5% [3] - Pinduoduo's Q4 2025 revenue is expected to be 123.91 billion yuan, a 12% year-on-year increase, while adjusted net profit is projected to decline by 12% [4] - Meta faces a lawsuit regarding social media addiction, with a ruling requiring it to pay 70% of damages, and plans to lay off hundreds of employees [4] Group 2 - China Life achieved a revenue of 615.68 billion yuan in 2025, a 16.5% year-on-year increase, with a net profit of 154.08 billion yuan, up 44.1% [6] - China Eastern Airlines signed a purchase agreement for 101 A320NEO aircraft with a catalog price of approximately $15.802 billion [7] - Zijin Mining reported a 62% increase in net profit for 2025, marking a historical high [7] - Alibaba Health partnered with Novartis to provide integrated services for chronic spontaneous urticaria [7] - BASF announced price increases for its commodity amines portfolio in Europe, with increases potentially reaching 30% due to rising costs from geopolitical tensions [16]

Core Insights - The World Chemical Forum, hosted by Dow Jones Energy, aims to address the evolving landscape of the chemical and energy industries, focusing on new energy priorities and global trade dynamics [1][2][3] Group 1: Event Overview - The forum is taking place in The Woodlands, Texas, and gathers industry leaders from over 35 countries under the theme "Embracing the New Reality: Transform to Thrive" [2] - The event features strategic discussions on navigating cost structures, energy priorities, and global trade challenges [2][3] Group 2: Industry Perspectives - Dewey Johnson, Global Chief Markets Officer at Chemicals, emphasizes the need for insightful analysis to navigate rapid changes in the chemical industry [4] - Sarah Cottle, Executive Vice President and General Manager at Dow Jones Energy, highlights the forum's role in connecting customers with sector expertise to foster sustainable growth and innovation [4] Group 3: Featured Speakers - Notable speakers include Dr. Thomas Kloster from BASF, Adrian Cooper from Oxford Economics, and Jim Teague from Enterprise Products Partners, among others [5][6] Group 4: Key Topics - The agenda includes discussions on adapting chemical supply chains amid tariffs and geopolitics, changing paradigms in energy markets, and the outlook for China's energy and chemicals [8]

Core Viewpoint - Dow Chemical Company plans to double its previously announced price increase for plastic resins due to supply disruptions caused by the blockade of the Strait of Hormuz [1] Group 1: Price Increase Details - Dow's CEO James Fitterling stated that after a 10-cent increase in polyethylene prices in March, the company will now raise prices by 30 cents per pound in April instead of the previously planned 15 cents [1] - The price increase is specifically for the North American market and reflects the impact of raw material supply shortages [1] Group 2: Market Reaction - Dow's stock price rose by 6% on the day of the announcement and has increased by 25% since the outbreak of the conflict [1] - Polyethylene is a key material used in the production of shopping bags, plastic bottles, and other products, indicating the broader implications for the consumer goods market [1]

Core Viewpoint - The content emphasizes the importance of conducting personal due diligence and consulting with competent advisors before making any financial decisions, particularly in the context of investments in complex instruments like cryptocurrencies and CFDs [1]. Group 1 - The website provides general news and publications, personal analysis, and opinions, as well as materials from third parties for educational and research purposes [1]. - It explicitly states that the information should not be interpreted as a recommendation or advice for any financial actions, including investments or purchases [1]. - The accuracy and reliability of the information are not guaranteed, and users are cautioned that prices may be provided by market makers rather than exchanges [1]. Group 2 - The content includes information about cryptocurrencies, CFDs, and other financial instruments, highlighting their complexity and the high risk of losing money associated with them [1]. - Users are encouraged to conduct their own research and fully understand the workings and risks of any financial instruments before investing [1].

Market Overview - US stock futures are trading muted, with Dow futures down by 21 points or 0.1%, while S&P 500 and Nasdaq 100 futures slipped 0.1% and 0.2% respectively, following a new low for the Dow Jones index in 2026 [1][2] Oil Market Impact - Oil prices surged nearly 8%, with Brent crude trading over $114 per barrel and US WTI around $97 per barrel, following Iranian missile strikes on Ras Laffan, which halted operations at a facility responsible for about 20% of global LNG supply [3][4] - The disruption in LNG supply led to a more than 35% increase in European gas prices, contributing to volatility in energy markets [4] Federal Reserve Actions - The Federal Reserve held interest rates steady on March 18, maintaining the benchmark federal funds rate in the 3.5%–3.75% range, with a 10-2 vote in favor of this decision [4][5] - The Fed revised its inflation outlook upward, projecting a preferred gauge at 2.7% by the end of 2026, and indicated only one rate cut for the year in the updated dot plot [5] Company-Specific Developments - Micron experienced a sharp sell-off, down over 6% in pre-market trading despite beating Wall Street estimates and posting record revenue, as the company announced an increase in its 2026 capital spending plan [7] - Alibaba reported a revenue of 284.8 billion yuan for the December quarter, missing estimates, with net income plunging 66% year-over-year, indicating significant investment in AI at the expense of near-term profitability [8] Global Market Sentiment - Investor sentiment turned negative globally, with European markets dropping more than 2% amid escalating conflict in Iran, and tech stocks in Asia, including SK Hynix and Samsung Electronics, also saw declines of 2.23% and 1.8% respectively [9]

Core Insights - The company is focused on the development of transcript-related projects, indicating a commitment to enhancing its offerings in this area [1] Group 1 - The company publishes thousands of quarterly earnings calls each quarter, showcasing its extensive coverage and growth in the transcript market [1] - There is an ongoing effort to expand coverage, suggesting a strategic initiative to capture more market share and improve service offerings [1]

Core Viewpoint - The Dow Jones Special Committee has elected Melanie Kirkpatrick to succeed Tom Bray as a member, ensuring continuity in leadership and editorial independence at Dow Jones and The Wall Street Journal [1][2]. Group 1: Leadership Changes - Melanie Kirkpatrick will serve out Tom Bray's term until December 31, 2029, and is eligible for reelection for an additional five-year term [2]. - Tom Bray is retiring after 18 years as chair of the committee, emphasizing his commitment to maintaining the reputation of The Wall Street Journal for fair reporting [3]. - Lawrence Ingrassia was elected as the board chair in December, bringing experience from his roles at The Wall Street Journal and The New York Times [2]. Group 2: Committee Composition and Responsibilities - The Special Committee consists of five members, including Kirkpatrick and Ingrassia, and is tasked with safeguarding the editorial independence of The Wall Street Journal and Dow Jones [6]. - The committee's approval is necessary for appointing the Journal's Editor-in-Chief and Editorial Page Editor, ensuring adherence to high ethical and professional standards [6]. Group 3: Kirkpatrick's Background - Kirkpatrick has a distinguished career as a journalist, having worked at The Wall Street Journal from 1980 to 2009, holding senior editing positions in the Opinion section [3]. - She is an accomplished author with three published books and has received the 2001 Mary Morgan Hewett Award for Women in Journalism [4]. - Kirkpatrick holds a bachelor's degree from Princeton University and a master's degree from the University of Toronto, and is involved in various prestigious organizations [5].

Group 1 - Jim Fitterling has been the CEO of Dow since 2018 and has extensive experience within the company, having started his tenure in 1984 [2][3] - The company is focusing on key market insights and progress on near-term actions and self-help measures, emphasizing control over its operations despite external geopolitical situations [3] - Dow is undergoing a transformative review of its businesses, cost structure, and growth strategies to ensure long-term success and industry leadership [4]