一、外围市场与关联资产 隔夜美股三大股指收盘普跌，道指跌1.82%，纳指跌2.42%，标普500指数跌2.07%，主要因特朗普威胁 提高对欧洲八国关税引发市场避险情绪升温。 科技股集体下挫，英伟达跌超4%，苹果跌超3%，特斯拉跌超3%，台积电跌超4%。 纳斯达克中国金龙指数收跌1.50%，中进医疗、晶科能源、世纪互联等多只中概股跌超10%。 国际贵金属价格受地缘政治危机推动再创历史新高，纽约商品交易所2月黄金期价一度突破每盎司4760 美元，3月白银期价一度突破每盎司95美元。 截至今日凌晨，纽约期金进一步突破4780美元/盎司，日内涨0.31%；现货黄金突破4770美元/盎司，日 内涨0.16%。 加密货币市场大幅波动，比特币日内跌破89000美元，跌幅达4.46%，随后进一步下探至88000美元，日 内跌5.00%。 以太坊也跌破3000美元，日内跌5.98%。 原油价格小幅上涨，布伦特原油突破65美元/桶，日内涨1.68%；WTI原油突破60美元/桶，日内涨 1.13%。 国内白银期货表现疲软，连续主力合约日内跌2%，现报22680.00元。 二、宏观经济与市场分析 美国商务部长卢特尼克表示，若降息10 ...

Taiwan Semiconductor Manufacturing (TSM) delivered strong results last week while telling investors it expects 2026 sales to surge 30%, confirming the theme of artificial intelligence (AI) spending is alive and well. The world's largest semiconductor foundry operator also signaled robust margin expansion. Those points, along with an array of other factors, point to 2026 upside for shares of Taiwan Semiconductor, indicating there will be occasions when aggressive short-term traders can use the Direxion Daily ...

虽然美国对台湾实施的"对等关税"从20%调降至15%，但围绕2500亿美元台企对美投资以及同样金额的 当局担保金，岛内质疑不断。1月20日，负责与美谈判的台"行政院副院长"郑丽君召开记者会辩解，但 舆论并不买账。 据台湾联合新闻网20日报道，台"行政院长"卓荣泰在记者会上称，当局在谈判过程中端出具体且具战略 高度的"黄金计划"，核心目标在于让美方了解台湾已做好周边准备，并具备可实时落地执行的行动方 案。至于外界关注的资金规模，他称，2500亿美元指岛内企业依其全球布局与产业发展策略所进行的自 主投资，属于企业决策行为；另一个2500亿美元则是当局运用信用保证机制，通过岛内金融机构协助产 业取得融资支持，两者性质、资金来源与运作方式完全不同。 郑丽君针对信保机制称，原则上不会动用中小企业信保基金，"国发会"目前设有"融资保证机制"，过去 在离岸风电、重大公共建设等方面有相关执行经验，未来会在这个机制下，建立"项目融资保证机制"， 第一期只要1/5到位就可建立，预计分5期达到62.5亿美元、最高不超过100亿美元的信保机制。她进一 步辩称，台湾不是供应链转移，而是在美国进一步扩大产业实力，"台美共同打造供应链"。 ...

据IT之家1月20日援引台媒报道，为满足苹果A20系列芯片需求，台积电正在提升WMCM（晶圆级多晶 片模组封装）产能。机构预计，到2026年底，台积电WMCM月产能将达到6万片，并有望在2027年翻倍 突破12万片。 业内媒体半导体产业纵横指出，先进封装的扩产加速被视为整体产业上修潜力的关键动能之一。 华天科技：公司现已掌握了SiP、FC、TSV、Bumping、Fan-Out、WLP、3D等集成电路先进封装技术。 公司积极开展先进封装技术和产品的研发和量产工作，先进封装业务规模不断扩大。 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 另据第一上海研究部，近期，封测产业链，尤其是先进封装相关的产能逐步满产，有望迎来涨价。一方 面，海外封测需求旺盛，部分产能供不应求，订单转回给国内公司；另一方面，国内需求也同样旺盛， 国产先进制程26年是释放大年，带动国内先进封装产能需求。此外，存储涨价大周期，国内封测需求也 将受益存储带来的增量需求，看好国内先进封装企业的景气度提升。 公司方面，据上市公司互动平台表示， 此次技术迭代与产能扩张将对半导体供应链产生直接影响。市场分析指出，随着 ...

Market Overview - US stock indices experienced a significant decline, with the Dow Jones falling by 870 points (1.76%), the S&P 500 down by 143.15 points (2.06%), and the Nasdaq dropping by 561.07 points (2.39%) [1] - The Chicago Board Options Exchange Volatility Index (VIX), known as Wall Street's "fear index," surged above 20, reaching recent highs [1] Technology Sector - Major tech stocks saw substantial losses, with Nvidia and Tesla both dropping over 4%, while Apple and Amazon fell more than 3% [2][3] - Nvidia's stock price was reported at $178.07, down 4.38%, and Tesla at $419.25, down 4.17% [3] Streaming and Media - Netflix's post-market decline expanded to nearly 5% due to disappointing first-quarter earnings outlook and adjustments to its acquisition proposal for Warner Bros. assets to an all-cash offer totaling $82.7 billion [4] Semiconductor Industry - The semiconductor sector faced widespread declines, with Broadcom and Skyworks Solutions dropping over 5%, while TSMC fell more than 4% [4] Banking Sector - Bank stocks also fell across the board, with Citigroup down over 4% and JPMorgan and Morgan Stanley both declining more than 3% [4] Chinese Stocks - Chinese stocks mostly declined, with JinkoSolar down 12.5% and CenturyLink down over 10% [4][5] Bond Market - US Treasury yields rose to a four-month high, while the dollar index fell by 0.41%, marking its worst two-day performance in about a month [6] Precious Metals - Gold and silver prices reached new highs, with spot gold exceeding $4,763 per ounce and silver surpassing $94 per ounce [8][9] Cryptocurrency Market - The cryptocurrency market experienced a significant downturn, with Bitcoin dropping below $90,000 and Ethereum falling below $3,000, affecting approximately 163,000 traders [10][11]

Key Points Taiwan Semiconductor is the worldwide leader in logic chips. Micron is seeing unprecedented demand for memory. 10 stocks we like better than Taiwan Semiconductor Manufacturing › Finding surefire artificial intelligence (AI) winners isn't hard when companies are spending as much as they are. There are several investment opportunities to cash in on the massive spending in AI, and I think two at the heart of this spending are Taiwan Semiconductor Manufacturing (NYSE: TSM) and Micron Technol ...

Shares of the Taiwanese chip manufacturer started the new year with a bang, climbing 8% year-to-date (YTD). The latest burst of positive momentum was driven by its upbeat Q4 results and guidance.Founded in 1987 by former Texas Instruments executive Morris Chang, along with Taiwan’s government and other partners, Taiwan Semiconductor Manufacturing Company has grown into the world’s leading manufacturer of high-performance chips, particularly those used in AI data centers, vehicles, and mobile devices. TSMC i ...

今年以来，欧洲科技股意外大幅跑赢美国同类板块。斯托克600科技指数单月上涨10%，成为该地区表现第二强的板块；而同期标普500信息技术 指数则几乎持平。 这一强劲表现主要受芯片设备板块推动，背后催化剂是台积电大幅提升资本支出展望。台积电预计2026年资本支出将增长约30%，并宣布未来三 年将"大幅"提高支出以加速在中国台湾和美国的产能扩张。这一超预期的资本开支计划直接利好其供应链合作伙伴。 以ASML、ASM International和BE Semiconductor（贝思半导体）为代表的欧洲"芯片三巨头"，在斯托克600科技指数中的权重合计近40%，并 贡献了该板块今年以来约90%的涨幅。花旗分析师Andrew Gardiner指出，台积电的最新动态对欧洲芯片设备商构成"实质性利好"。摩根士丹利已 将ASML目标价上调至1400欧元，为华尔街机构中最高之一，理由是对其未来两至三个季度订单走强及2027年更稳健增长的预期。 此前，美光科技已在去年12月表示正"竭尽全力"提升短期产能，这已初步显示出产业需求向产能传导的信号。 传统芯片制造商迎来复苏 欧股科技股的反弹已不仅局限于设备制造商领域。近年来表现相对滞 ...

Key Points TSMC once again produced strong revenue and earnings growth. The company boosted its capex budget for 2026, given the increasing demand it's seeing. The stock is still attractively valued, even after a strong run. 10 stocks we like better than Taiwan Semiconductor Manufacturing › Taiwan Semiconductor Manufacturing (NYSE: TSM) shares jumped after the semiconductor contract manufacturer once again reported strong quarterly results and issued an upbeat outlook. The stock is up around 70% o ...

每经AI快讯，费城半导体指数跌近1%，成分股中，高通、英伟达、博通跌近3%，台积电跌逾1%。 ...