Group 1 - The Magnificent 7 index of major US tech stocks fell by 0.58%, closing at 182.42 points [1] - Meta Platforms experienced a decline of 2.46%, while Tesla dropped by 1.35%, and Apple decreased by 1.3% [1] - Amazon and Nvidia also saw declines of 0.76% and 0.70% respectively, while Microsoft slightly increased by 0.01% and Google A rose by 1.65% [1] Group 2 - Eli Lilly's stock fell by 5.59%, closing at $762.95, with a trading volume of 7.07 million shares [2] - Meta's stock price was $700.00, down by 2.46%, with a market capitalization of $1.76 trillion, reflecting a 19.75% increase [2] - Tesla's stock closed at $321.20, down 1.35%, with a market cap of $1.04 trillion, showing a decrease of 20.46% [2] - Apple's stock price was $211.27, down 1.30%, with a market cap of $3.16 trillion, down 15.43% [2] - Berkshire Hathaway B shares fell by 1.07%, closing at $476.56, with a market cap of $1.03 trillion, up 5.14% [2] - Amazon's stock closed at $231.01, down 0.76%, with a market cap of $2.45 trillion, up 5.30% [2] - Nvidia's stock price was $175.51, down 0.70%, with a market cap of $4.28 trillion, reflecting a 30.72% increase [2] - AMD's stock rose by 2.18%, closing at $177.44, with a market cap of $287.70 billion, up 46.90% [2]

Core Viewpoint - The competition for TSMC's CoWoS capacity has intensified as major tech companies vie for a share in the AI semiconductor market, with NVIDIA projected to dominate the demand by 2026 [2][3][14]. Group 1: CoWoS Demand and Market Dynamics - Global demand for CoWoS is expected to reach 1 million wafers by 2026, representing a growth of 40% to 50% in the cloud AI semiconductor market [2][11]. - NVIDIA is forecasted to consume 595,000 wafers, accounting for approximately 60% of the total demand, solidifying its market leadership [3][5]. - Other key players like AMD, Broadcom, and Amazon are also aggressively securing capacity, with AMD expected to acquire 105,000 wafers (11% market share) and Broadcom 150,000 wafers (15% market share) [4][6][7]. Group 2: Capital Expenditure Trends - Major cloud service providers (CSPs) are increasing their capital expenditures, with Google raising its 2025 budget from $75 billion to $85 billion, indicating strong market growth signals [11][12]. - The monthly token processing volume on Google Cloud has surged from 480 trillion to 980 trillion, reflecting a doubling in demand [12]. Group 3: TSMC's Capacity Expansion - TSMC is ramping up its CoWoS capacity significantly, with projections indicating an increase from 32,000 wafers per month in 2024 to 93,000 wafers per month by the end of 2026 [14]. - AI-related revenue is expected to contribute 25% to TSMC's total revenue by 2025, positioning the company as a key beneficiary in the ongoing AI wave [14].

Core Insights - The 2025 Fortune Global 500 list reveals a total revenue of approximately $41.7 trillion, marking a year-on-year growth of about 1.8%, which exceeds one-third of the global GDP [2] - The threshold for inclusion in the list increased from $32.1 billion to $32.2 billion, with total net profits rising by approximately 0.4% to around $2.98 trillion [2] - Walmart retains the top position for the twelfth consecutive year, followed by Amazon and State Grid Corporation of China [2][3] Company Rankings - Walmart leads with revenues of $680.985 billion and profits of $19.436 billion [3] - Amazon follows with revenues of $637.959 billion and profits of $59.248 billion [3] - State Grid Corporation of China ranks third with revenues of $548.414 billion and profits of $10.045 billion [3] - Saudi Aramco and China National Petroleum Corporation occupy the fourth and fifth positions, respectively [3] Chinese Companies Performance - A total of 130 Chinese companies made the list, with 124 from mainland China and Hong Kong, and 6 from Taiwan [2] - Huawei returns to the top 100, ranking 83rd with revenues of $119.8128 billion, an increase of 20 positions from the previous year [5] - Pinduoduo shows significant growth, rising 176 positions to rank 266th, while Meituan and JD.com also improved their rankings [4][5] High-Tech Sector Insights - The high-tech sector is represented by 34 companies on the list, with average revenues of $96.7 billion and average profits of $18.1 billion, reflecting year-on-year increases of 9.6% and 24%, respectively [8] - Nvidia leads in profit margin with over 55%, ranking 66th overall with revenues exceeding $130 billion, a growth of approximately 114% [8][9] - The most profitable companies include Saudi Aramco, Alphabet, and Apple, with Chinese Industrial and Commercial Bank being the only Chinese company in the top ten for profits [7][9] New and Returning Companies - There are 25 new or returning companies on the list, including five from China, with Shandong Gold Group making its debut [6]

Español Português FX Empire Logo English check-icon Italiano Français Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you sh ...

Market Performance - The main board led the gains with notable increases in stocks such as XinYa Electronics (+10.02%), Hengsheng Electronics (+10.01%), and WoGe Optoelectronics (+10.00%) [1] - The ChiNext board saw significant growth, particularly with XingFu Blue Ocean (+20.02%) and Guotou Intelligent (+18.52%) [1] - The Sci-Tech Innovation board also performed well, with Dongxin Co. (+20.01%) and Fangbang Co. (+20.00%) leading the charge [1] - Active sub-industries included SW Communication Network Equipment and Devices (+6.34%) and SW Printed Circuit Boards (+3.36%) [1] Domestic News - Yifang Commercial Technology launched its first AR glasses, NOMO-1, featuring over 82% light transmittance and a 120Hz refresh rate [1] - MuXi released the XiYun C600 chip, enhancing its training and inference capabilities with HBM3e memory and a storage capacity of 144GB [1] - Chengdu Silan's automotive semiconductor packaging project commenced with a total investment of 1.5 billion yuan, expanding production lines for automotive-grade power modules [1] - TSMC's advanced packaging plant in Arizona is expected to begin construction in the second half of next year, aligning with the development of a 2nm wafer plant [1] Company Announcements - Siwei Tuxin announced the acquisition of seven invention patents covering various technologies including autonomous driving and navigation [3] - Shijia Photon reported a total revenue of 993 million yuan for H1 2025, a year-on-year increase of 121.12%, with a net profit of 217 million yuan, up 1712% [3] - Zhongcheng Technology signed a significant contract with China Mobile for a big data cloud platform service project valued at approximately 50.52 million yuan [3] - Liansheng Technology received a government subsidy of 13.5 million yuan, representing 12.24% of its latest audited net profit [3] Overseas News - The VSAP advanced packaging technology laboratory project in Da Nang has officially launched, focusing on cutting-edge packaging technology research [4] - Nvidia has ordered 300,000 H20 chips from TSMC to meet strong demand in the Chinese market [4] - Texas Instruments announced the release of a new low-cost processor, AM62L, designed for various industrial and general applications [4] - The U.S. Department of Justice announced that an EDA company agreed to pay over $140 million to resolve allegations of illegal sales of chip design software to Chinese institutions [4]

Group 1 - Walmart ranks first in the Fortune Global 500 for the twelfth consecutive year, followed by Amazon and State Grid Corporation of China in third place [1] - The total revenue of the listed companies reached $41.7 trillion, exceeding one-third of global GDP, with a year-on-year growth of 1.8% [1] - The threshold for inclusion in the list has increased to $32.2 billion, while total net profit is approximately $2.98 trillion, reflecting a 0.4% year-on-year growth [1] Group 2 - A total of 130 Chinese companies made the list, with a combined revenue of approximately $10.7 trillion and an average sales revenue of $82 billion [2] - The automotive sector is highlighted, with 10 companies included; Chery's revenue increased by $20.6 billion to $59.7 billion, ranking 233rd, while BYD entered the top 100 for the first time [2] - Five major Chinese internet companies, including JD.com and Alibaba, saw their rankings rise, with Pinduoduo experiencing the largest increase, moving up 176 places to rank 266th [2] Group 3 - Cencora leads the return on equity (ROE) rankings with over 233%, while Pinduoduo ranks 25th with over 36% ROE [3] - Nvidia tops the profit margin rankings with over 55% net profit margin, with significant representation from the semiconductor and electronic components industry in the top ten [3]

Group 1 - The global pure semiconductor foundry industry revenue is expected to grow by 17% year-on-year in 2025, exceeding $165 billion, up from $105 billion in 2021, with a compound annual growth rate (CAGR) of 12% from 2021 to 2025 [1][4] - Advanced nodes such as 3nm and 5/4nm are key drivers of revenue growth, with 3nm node revenue projected to increase by over 600% to around $30 billion by 2025, while 5/4nm node revenue is expected to exceed $40 billion [1][4] - Advanced nodes, including 7nm, are anticipated to contribute over half of the total revenue for pure foundries by 2025, highlighting the industry's focus on cutting-edge technology to support high-end AI smartphones and HPC solutions [1][4] Group 2 - The 2nm process is expected to account for only 1% of total revenue in 2025, but with TSMC's new capacity in Taiwan, it is projected to expand rapidly, potentially exceeding 10% of total revenue by 2027 [3] - The 20-12nm range is expected to remain stable, contributing 7% to total revenue, as some chip applications migrate from mature nodes to advanced nodes [4] - The share of mature nodes, such as 28nm and above, is projected to decline from 54% in 2021 to 36% in 2025, indicating a gradual phase-out of traditional technologies, although revenue is expected to remain stable [4]

智通财经7月29日电，据央视新闻消息，英伟达首席执行官黄仁勋日前访华时宣布，特朗普政府已为他 们颁发出口许可，英伟达将开始向中国市场销售H20芯片。消息人士29日透露，由于中国市场需求强 劲，英伟达改变了仅依赖现有库存的想法，已于上周向台积电下单了30万块H20芯片。据悉，英伟达此 次向台积电的新订单，将补充其现有的60万至70万块H20芯片库存。 中国市场需求强劲 英伟达向台积电追单30万块H20芯片 ...

The last time I covered Taiwan Semiconductor Manufacturing Company (NYSE: TSM ) ( OTC:TSMWF ) was on the 9th of May, or about 2 and half months ago. I argued that the company's growth narrative isI specialize in analyzing individual stocks. With a strong educational background in both finance and economics, I’ve developed a deep fascination with the stock market and the potential it offers to investors at all levels. I keep a close watch on market trends, particularly in the tech sector. My investment philo ...

7月29日午后，A股三大指数震荡攀升，值得关注的是，算力硬件方向持续爆发，尾盘时涨幅进一步扩 大。有分析人士指出，外围传出的一则消息，对算力板块的提振较大。当天有外媒报道称，因中国市场 需求比预想中强劲，英伟达上周不得不改变仅依赖现有库存的策略，向台积电紧急订购了30万片H20芯 片。(证券时报) ...