9、公告精选︱宁沪高速：拟投资90亿元建设宁扬长江大桥南接线项目；福晶科技：本次股票异常波动 期间，实际控制人物构所减持104.29万股； 10、A股投资避雷针︱信邦制药：涉嫌单位行贿，检察机关已经收到监察委员会移送起诉的材料。 1、美联储FOMC声明及鲍威尔发布会：如期降息25个基点，目前处于中性水平区间的上端； 2、美股三大指数集体收涨，道指涨超1%，中概指数涨0.65%； 3、白银价格续创历史新高； 4、美联储明年1月降息25个基点的概率为22.1%； 5、特朗普批评美联储降息力度不够； 6、哈塞特：特朗普将在未来一两周内敲定美联储主席人选； 7、华尔街认为原油抛售远未结束 明年将因供应过剩而继续下跌； 8、印尼：12月23日起将对黄金产品的出口征收关税； 9、美国拟强制免签旅客提交五年社媒记录； 10、美国在委内瑞拉海岸扣押一艘油轮 委石油出口或变得更难； 11、Meta全力转向闭源模型 新模型Avocado或于明年春季推出； 12、美光NAND报价单月暴涨近50% 模组厂：明年Q2后缺货将成为全面现象； 13、日本拟大幅降低超级富豪征税门槛 预计增收3000亿日元； 1、美银：人民币料于2026年升 ...

TSMC could be one of the smartest long-term investments you make today.Shares of Taiwan Semiconductor Manufacturing Co. (TSM +2.22%) are up by roughly 54% in 2025 through Dec. 9. The company is experiencing exceptional demand for its cutting-edge process nodes and CoWoS (chip on wafer on substrate) packaging technology for manufacturing advanced chips for data centers, smartphones, and automobiles.If you've paid off high-interest debt and have $1,000 not required for bills or contingencies or anything in th ...

Group 1 - Musk stated that if he could start over, he would not choose to lead the U.S. "Department of Government Efficiency" (DOGE), as it fell short of the expected $2 trillion in taxpayer savings, and Tesla's stock was negatively impacted by DOGE [2] - JD.com is involved in a strategic real estate investment in Hong Kong, acquiring a 50% stake in a 27-story office building for approximately HKD 3.473 billion through its controlled investment institution [3] - Coupang's CEO resigned due to a data breach incident, with the company's COO stepping in as the interim leader [4] Group 2 - Meituan has hired Pan Xin, former head of ByteDance's visual model AI platform, to enhance its AI capabilities, indicating increased competition in the AI sector [5][6] - The National Bureau of Statistics reported a 2.2% year-on-year decline in industrial producer prices in November 2025, with a 2.7% average decrease for the year-to-date [6] - Wanma Technology is collaborating with several leading robotics companies based on its intelligent robot system, although this segment currently represents a small portion of its overall revenue [7] Group 3 - OpenAI, Anthropic, and Block have established the AI Agents Foundation to support the development of open and interoperable AI systems, backed by major tech companies [8] - Google launched the Google AI Plus service in India, priced at INR 399 per month, with a promotional rate for new users [9] - TSMC reported a revenue of NT$343.614 billion for November, a 6.5% decrease from the previous month but a 24.5% increase year-on-year [10] Group 4 - Moutai's price for its 53-degree 500ml bottle is stabilizing around RMB 1,520, while the price for the 1L bottle remains at RMB 2,900 [11] - Xiaomi is expanding into the AI education sector, actively recruiting for various related positions, indicating a strategic move to enhance its ecosystem [12] - There is a competitive bidding situation for sponsorship of the 2026 Spring Festival Gala, with companies like Zhiyuan and Yushu reportedly vying for the title, although claims of high bids have been denied [13]

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 ↓ ↓ ↓ 12月11日消息，据韩媒报道，三星正在加快其在美国生产 特斯拉 AI5芯片的准备工作，近期已为其客户工程团队招募了一批经验丰富的工程师。该团队 将协助解决复杂的晶圆代工难题，稳定生产良率，并确保这一新项目的制造流程顺利推进。 此次大规模招聘表明，特斯拉的 AI5 项目在三星内部正快速推进。此前，三星与台积电共同赢得了特斯拉的芯片订单，成为 AI5 芯片的两家指定供应商 之一。 据报道，台积电将采用其 3 纳米制程技术生产 AI5 芯片，而三星则计划以 2 纳米制程进行试产，以此作为对其先进工艺能力的一次关键验证。 特斯拉首席执行官马斯克近日解释称，两家代工厂生产的芯片存在差异，是因为"它们将设计转化为实体形式的方式不同"。尽管如此，特斯拉的目标是让 两种版本的芯片在功能上完全一致，这无疑是一项重大挑战。这一情况令人联想到当年苹果 A9 芯片的"芯片门"事件，当时因由不同厂商代工，导致芯片 性能出现差异。 据了解，AI5 芯片是特斯拉为其自动驾驶系统开发的下一代专用硬件，同时也将用于 Optimus ...

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 ↓ ↓ ↓ 台积电在官网上还提到，他们在今年前11个月营收34740.51亿新台币，同比增长32.8%，去 年同期为26161.45亿。 台积电11月份的营收同比增长24.5%，也就意味着他们月度同比增长的势头，已经达到了23 个月。他们的月度营收上一次同比下滑，还是2023年的12月份，那一个月他们1763亿新台 币的营收，是同比下滑了8.4%。如果台积电12月份的营收同比继续增长，那他们的月度营 收，就将有两年同比增长。 ***************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。 12月11日消息，据报道，同此前通常在10日午后公布上月营收一样，为苹果、英伟达、AMD 等诸多厂商代工芯片的台积电，在今日午后也公布了他们11月份的营收。 台积电在官网公布的数据显示，他们在11月份营收3436.14亿新台币，折合约110.03亿美 元。 就台积电公布的数据来看，他们11月份的营收，是高于去年同期的2760 ...

特斯拉首席执行官埃隆・马斯克（Elon Musk）近日解释称，两家代工厂生产的芯片存在差异，是因为"它们将设计转化为实体形式的方式不同"。尽管如 此，特斯拉的目标是让两种版本的芯片在功能上完全一致，这无疑是一项重大挑战。这一情况令人联想到当年苹果 A9 芯片的"芯片门"事件，当时因由不同 厂商代工，导致芯片性能出现差异。 据IT之家了解，AI5 芯片是特斯拉为其自动驾驶系统开发的下一代专用硬件，同时也将用于 Optimus 人形机器人项目，以及车辆和其他产品中的各类人工智 能驱动功能。目前，特斯拉车辆搭载的是 AI4 芯片（此前称为 HW4 或 Hardware 4）。 IT之家 12 月 11 日消息，特斯拉供应商三星正筹备量产 AI5 芯片，此举将进一步推动该公司在自动驾驶领域的发展。 据韩媒 Sedaily 最新报道，三星正在加快其在美国生产 AI5 芯片的准备工作，近期已为其客户工程团队（Customer Engineering team）招募了一批经验丰富的 工程师。该团队将协助解决复杂的晶圆代工难题，稳定生产良率，并确保这一新项目的制造流程顺利推进。 此次大规模招聘表明，特斯拉的 AI5 项目在三 ...

Core Insights - The article emphasizes the strong position of TSMC in the advanced semiconductor manufacturing sector, particularly in the smartphone AP-SoC market, with a projected 51% of shipments utilizing advanced processes by 2025 [4] - TSMC's revenue for Q3 2025 is expected to reach approximately $33.1 billion, driven by strong demand for AI GPUs and high-performance computing [8] - The global pure-play foundry revenue is projected to grow by 17% in 2025, primarily fueled by AI and high-performance computing chip demand [15] Group 1: TSMC's Market Position - TSMC is expected to capture over 75% of the advanced process smartphone SoC shipment share by 2025, with a year-on-year shipment growth of 27% [4] - The company is set to maintain a leading position in advanced process manufacturing, with a utilization rate above 90% for its cutting-edge nodes [19] - TSMC's market share in the global foundry market is projected to rise to 35%, with revenue growth exceeding 30% due to large-scale AI chip orders [22] Group 2: Advanced Process Nodes - The 2nm node is anticipated to contribute over 10% of TSMC's revenue by 2027, despite only accounting for 1% in 2025 [15] - TSMC's N3 and N5 nodes are expected to remain fully utilized, driven by strong AI demand and flagship smartphone sales [29] - The introduction of the N2 process in late 2025 and the A16 in late 2026 will further strengthen TSMC's partnerships with clients in advanced technology [26] Group 3: Financial Performance - TSMC's Q3 2025 revenue is projected to exceed previous guidance, reflecting robust demand for 3nm and sustained high utilization of 4/5nm nodes [8] - The company is expected to double its AI-related revenue by 2025, supported by ongoing investments in advanced process nodes [32] - TSMC's financial results highlight the resilience of the semiconductor and AI industries, with expectations of outperforming overall industry performance in the coming years [32]

公众号记得加星标⭐️，第一时间看推送不会错过。 半导体设备业者透露，按照台积电与"非台积阵营"包括日月光集团、Amkor与联电等计画，双双加速 扩充先进封装CoWoS产能，从订单分布观察，2026~2027年GPU、特用芯片（ASIC）客户需求皆超 乎预期。 这带动台积电近期再度上调2026年CoWoS月产能，非台积阵营原预期2026年月产能约2.6万片，现已 调升逾5成。其中，NVIDIA持续预订台积CoWoS过半产能，博通（Broadcom）与超微（AMD）分 占二、三名，而联发科2026年也正式进入ASIC赛局。 近期Google TPU声名大噪，市场不断涌现ASIC阵营侵蚀版图看法，然半导体相关业者多认为，拥有 CUDA护城河的NVIDIA仍是大型模型训练的主导者。 ASIC以客制化、低功耗与推论效率见长，两 者发展为"共生共荣非互斥。"NVIDIA执行长黄仁勋也强调："GPU与ASIC的定位完全不同。" 设备业者证实，受惠GPU、ASIC需求同步爆发，台积电与非台积阵营双双上调2026年CoWoS产能规 模。 台积2026年月产能至年底约可达12.7万片，而非台积阵营原预期2026年底月产能约2.6 ...

Core Viewpoint - The article highlights significant market movements following the Federal Reserve's interest rate cut, with a focus on the performance of various sectors, particularly technology and e-commerce, indicating a shift in investor sentiment towards growth and defensive assets [4][10][17]. Market Performance - The three major U.S. stock indices closed higher, with the Dow Jones up 1.05%, S&P 500 up 0.67%, and Nasdaq up 0.33% [8]. - Notable gainers included Nike (+3.91%), Caterpillar (+3.56%), and Johnson & Johnson (+3.32%), leading the Dow components [9][10]. Federal Reserve Actions - The Federal Reserve cut interest rates by 25 basis points, bringing the target range to 3.50%–3.75%, marking the third cut of the year [17]. - Fed Chair Jerome Powell indicated that the economic outlook remains stable, with moderate expansion and a cooling labor market, while inflation remains above the 2% target [19]. Technology Sector - The Philadelphia Semiconductor Index rose 1.29%, reaching a historical high, driven by strong performances from companies like Micron Technology (+4.47%) and Qualcomm (+3.53%) [22][25]. - The rise in semiconductor stocks reflects growing investor confidence in the technology sector amid broader market gains [23]. E-commerce Trends - Morgan Stanley forecasts that by 2030, smart agent shopping could account for 10%–20% of the e-commerce market, representing a potential $190 billion to $385 billion in U.S. e-commerce spending [27][28]. - Approximately 23% of Americans have used AI for shopping in the past month, indicating significant adoption potential for AI-driven shopping experiences [28].

Core Viewpoint - Nvidia and TSMC are highlighted as leading tech stocks to consider for investment as the market momentum continues into 2026, driven by strong performance in the tech sector [1] Nvidia - Nvidia maintains over 90% market share in the GPU data center space, solidifying its position as a leader in AI infrastructure despite facing increased competition [2] - The main challenge for Nvidia comes from custom AI ASICs, which are more energy-efficient but lack the flexibility of GPUs [4] - Nvidia's GPUs are readily available at scale, and the company collaborates closely with TSMC to secure future supply to meet rising demand [6] - Nvidia predicts that data center capital expenditures could reach $4 trillion by 2030, positioning the company to capture significant market share [7] - The stock is attractively priced with a forward P/E ratio under 24.5 times 2026 estimates and a PEG ratio below 0.7, indicating potential undervaluation [7] Taiwan Semiconductor Manufacturing (TSMC) - TSMC is the largest semiconductor contract manufacturer globally and benefits from the struggles of its rivals, being part of an oligopoly with Samsung and Intel [8] - TSMC has consistently produced chips at small node sizes with low defect rates, with 60% of its revenue coming from chips at 5nm nodes or below [10] - The company is expanding capacity by building new fabs and is expected to raise prices next year due to strong pricing power [11] - TSMC is set to introduce its new 2nm node technology, projected to cost 50% more than its 3nm technology, contributing to future growth [11] - The stock is also attractively valued with a forward P/E of 24 times, making it a solid buy given its growth outlook [12]