Group 1 - The Taiwanese stock market is approaching historical highs, driven by positive prospects in the artificial intelligence industry and the U.S. exemption of certain tariffs for major chip manufacturers [1] - The Taiwan Weighted Index has risen approximately 40% since its low in April, largely due to the stock price increase of TSMC, a core supplier for Nvidia [1] - TSMC raised its revenue growth forecast for 2025 and reported better-than-expected earnings for the June quarter, boosting investor confidence in the AI sector [1] Group 2 - TSMC reported July revenue of NT$323.2 billion (approximately $10.8 billion), reflecting a year-on-year growth of 26%, indicating accelerated investment in the AI field [2] - Despite facing currency appreciation pressures, TSMC's cumulative revenue from January to July increased by 38% compared to the same period in 2024 [2] - TSMC's stock price rose by 1.7%, hovering near historical highs, with other companies like Foxconn and Quanta Computer also contributing to the index's rise since April [2]

朱凤莲表示，此前，台积电被迫宣布在美加码投资1000亿美元时，已使岛内业界恐慌、民怨沸腾。此次 3000亿美元投资一旦落地，势必对台湾经济造成巨大影响，台湾经济的发展动能和自主性将被进一步削 弱。如果说美国是掏空台湾产业的始作俑者，那么民进党当局就是最大的帮凶。他们在关税谈判上"未 谈先跪"、"打左脸送右脸"，对谈判过程讳莫如深，甚至对民众一骗再骗；在产业上对美国予取予求， 主动奉送台积电，任其榨干台湾优势产业价值，充分说明民进党当局根本无心也无力维护台湾经济发展 和民众福祉。奉劝民进党当局在"媚美卖台"的邪路上及时悬崖勒马，台湾民众和各界有识之士应当团结 起来，积极维护自身利益。 有记者问，美国总统特朗普日前受访称，将对半导体等进口商品征收100%关税，并称台积电将在美投 资3000亿美元，在亚利桑那州建立全世界最大晶圆厂。对此有何评论？ 8月13日，国务院台办举行例行新闻发布会，发言人朱凤莲答记者问。 ...

Core Viewpoint - The article discusses the potential economic impact of TSMC's planned $300 billion investment in the U.S. and criticizes the Taiwanese government's handling of relations with the U.S. and its implications for Taiwan's economy [1] Group 1: TSMC Investment - TSMC's announcement of a $300 billion investment in Arizona is expected to significantly affect Taiwan's economy, further weakening its economic development and autonomy [1] - The previous $100 billion investment by TSMC had already caused panic and discontent within Taiwan's industry [1] Group 2: Government Criticism - The article criticizes the Taiwanese government, particularly the Democratic Progressive Party (DPP), for its perceived failure to protect Taiwan's economic interests during negotiations with the U.S. [1] - It accuses the DPP of being complicit in the U.S. strategy to undermine Taiwan's industrial value by allowing TSMC to invest heavily in the U.S. [1] - The DPP is described as lacking the will and capability to safeguard Taiwan's economic development and the welfare of its citizens [1] Group 3: Call to Action - The article urges the Taiwanese government to reconsider its approach to U.S. relations and warns against the dangers of excessive appeasement [1] - It calls for unity among the Taiwanese public and stakeholders to actively protect their interests [1]

Core Viewpoint - TSMC plans to gradually exit 6-inch wafer manufacturing by 2027, reallocating resources to advanced packaging, which reflects a strategic shift towards higher-margin businesses [2][3]. Group 1: TSMC's Strategic Shift - TSMC has verbally informed downstream clients about the closure of its last 6-inch plant by the end of 2027, transitioning production lines to advanced packaging [2]. - The decision to exit the 6-inch wafer business is based on market demand and TSMC's long-term business strategy, ensuring a smooth transition for clients [2][3]. - TSMC's stock price remained stable, unaffected by external news regarding the closure [2]. Group 2: Market Impact - The closure of TSMC's 6-inch plant is expected to trigger a shift in orders for power management ICs (PMICs) and other mature process ICs, potentially benefiting companies like World Advanced [2]. - The trend of major manufacturers moving away from 6-inch wafers is evident, as TSMC's decision follows its previous exit from the GaN market [3]. Group 3: Industry Trends - Siltronic AG plans to cease production of small-diameter wafers by July 2025, reflecting a broader industry trend towards larger, more efficient wafers [5][6]. - SUMCO has announced a restructuring plan to end production of 200mm and smaller wafers by 2026, indicating a shift in focus to larger wafer production [6][10]. - The semiconductor industry is witnessing a decline in demand for smaller diameter wafers, with a significant shift towards 300mm wafers for improved production efficiency [9][10].

Group 1 - Semiconductor Manufacturing International Corporation (SMIC) reported unaudited results for the three months ending June 30, 2025, with Q2 sales revenue of $2.209 billion, a year-on-year increase of 16.2%, but a quarter-on-quarter decrease of 1.7% [1][2] - SMIC's Q2 gross margin was 20.4%, reflecting a quarter-on-quarter decline of 2.1 percentage points, while the capacity utilization rate was 92.5%, showing a quarter-on-quarter increase of 2.9 percentage points [1][2] - Hua Hong Semiconductor reported Q2 sales revenue of $566 million, a year-on-year increase of 18.3% and a quarter-on-quarter increase of 4.6%, with a gross margin of 10.9%, up 0.4 percentage points year-on-year and 1.7 percentage points quarter-on-quarter [2] Group 2 - Taiwan Semiconductor Manufacturing Company (TSMC) reported July revenue of NT$323.166 billion, a year-on-year increase of 25.8% and a quarter-on-quarter increase of 22.5%, with cumulative revenue from January to July reaching NT$2.096 trillion, a year-on-year increase of 37.6% [1][2] - ASE Technology Holding Co., Ltd. reported July revenue of NT$49.11 billion, a year-on-year decrease of 8.81%, but a month-on-month increase of 7.08%, with cumulative revenue from January to July at NT$321.25 billion, a year-on-year decrease of 1.97% [3] - Industrial Fulian reported H1 2025 revenue of NT$5.464 billion, a year-on-year increase of 45.21%, with net profit attributable to shareholders of NT$12.113 billion, up 38.61% year-on-year [3] - Haiguang Information reported H1 2025 revenue of NT$360.76 billion, a year-on-year increase of 35.58%, with net profit attributable to shareholders of NT$1.201 billion, up 40.78% year-on-year [3] - Biwei Storage reported H1 2025 revenue of NT$3.912 billion, a year-on-year increase of 13.70%, but a net loss attributable to shareholders of NT$226 million [3]

美东时间周二(8月12日)，美国7月通胀数据巩固了9月美联储降息预期，美股三大指数全线涨超1%，标普纳指再度齐创历史新高，科技巨头英伟达、Meta亦 创新高。目前，交易员已经大幅提高了对美联储9月降息的预期，概率高达93%。 【美股指数】 截至收盘，标普500指数涨1.13%，报6445.76点；道琼斯指数涨1.10%，报44458.61点；纳斯达克指数涨1.39%，报21681.90点。 来源：市场资讯 （来源：要闻君） 隔夜，美国劳工统计局公布数据显示，7月份，美国CPI环比上涨0.2%，符合市场预期，与6月份0.3%的涨幅相比有所放缓。同比来看，CPI上涨2.7%，低于 市场预期的2.8%，与6月份持平。核心CPI方面，剔除波动较大的食品和能源价格后，7月份环比上涨0.3%，符合预期；但同比涨幅达到3.1%，高于预期的 3.0%，创下自2月份以来的新高。 市场认为，美国7月CPI数据显示通胀压力仍相对温和，市场担忧的关税推动通胀急剧上升的情况尚未出现，消除了美联储降息的一大障碍，美股得以提 振。交易员大幅提高了对美联储9月降息的预期，目前概率高达93%。 | | | | | | | | CME FEDW ...

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]

Eternal Materials’ First-Ever TSMC Advanced Packaging Order — Exclusive MUF and LMC for 2026 Apple Chips, New CoWoS Beneficiary, Eyeing Global High-Gross Margin LMC Market Worth Over NT$10Bhttps://t.co/7HyBwrN6zd https://t.co/XblaoFWUiS ...

長興材料首度取得台積電先進封裝材料訂單，獨供Apple 2026處理器MUF與LMC，預期成CoWoS新受益者並搶攻全球逾百億高毛利LMC市場https://t.co/jTGweXr5r2 https://t.co/UsoTqCQdMn ...

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 ↓ ↓ ↓ 8月12日，据台媒报道，台积电在先进半导体制造工艺领域的领先优势正日益扩大，预计明年将正式迈入2nm工艺时代，并有望在这一细分市场中占据高 达95%的垄断性份额。 根据台积电官方公布的信息，其2nm节点N2技术采用业界领先的纳米片（Nanosheet）晶体管架构，相比上一代3nm制程，晶体管密度提升15%，在相同电 压下可实现15%的性能提升，或在同等性能条件下降低24%至35%的功耗，为全制程节点带来了显著的效能及功耗进步。 尽管三星是唯一在2nm节点上与台积电形成有限竞争的厂商，且近期与特斯拉签署了价值165亿美元的大单，被视为其先进工艺技术日渐成熟的标志，但 分析师普遍认为，在2nm节点上，三星仍难以撼动台积电的市场主导地位。 摩根士丹利最新发布的研究报告显示，随着2026年2nm工艺进入量产阶段，台积电的N2工艺产品预计将占据90%至95%的市场份额，留给其他半导体制造 商的空间极为有限。 苹果公司将成为台积电2nm工艺的首批大客户，据传其iPhone 18系列智能手机将全面采用2nm工艺芯 ...