Market Overview - The Nasdaq China Golden Dragon Index (HXC) increased by 0.48% on January 28 [1] - The Dow Jones Industrial Average fell by 408.99 points, a decrease of 0.83%, closing at 49,003.41 points [9] - The S&P 500 Index reached a new intraday high of 6,988.82 points [10] - The Nasdaq Composite Index rose by 215.74 points, an increase of 0.91%, closing at 23,817.10 points [9] Gainers in Chinese Concept Stocks - TSMC rose by 1.67%, Alibaba increased by 0.78%, and Baidu gained 1.00% [1] - Notable gainers included: - Lianhua Electronics up 10.24% - Bilibili up 3.43% - NIO up 0.76% [1][9] Losers in Chinese Concept Stocks - Notable decliners included: - NetEase down 0.68% - JD.com down 0.94% - Ctrip down 2.39% [9] - Other significant losses were seen in: - Li Auto down 1.12% - Xpeng down 1.09% [9] Notable Stock Movements - The top gainers included: - Huya up 19.33% - Suxuan Hall up 23.97% - Wisdom Infinite up 31.25% [3][13] - The top decliners included: - Fanhua Financial down 11.42% - China Natural Resources down 9.38% [7][15]

Core Insights - The semiconductor foundry and packaging sectors have shown strong performance, with software stocks generally outperforming hardware stocks [2][19] - The ASP (Average Selling Price) for mature processes is expected to improve due to strong downstream replenishment demand, with forecasts indicating a utilization rate (UTR) of over 75% for Taiwanese manufacturers [19][22] Semiconductor Performance - Foundry/packaging stocks increased by 2.1% yesterday, with a 5.2% rise over the past five days and a 124.4% increase over the last 180 days [3][20] - Semiconductor equipment stocks rose by 1.2% yesterday, with a 148.3% increase over the last 180 days [3][20] - Software large-cap stocks increased by 1.1% yesterday, but have seen a decline of 11.1% over the last 60 days [3][20] NAND Market Outlook - Bernstein predicts a significant upward cycle for NAND driven by AI demand and limited supply growth, with SanDisk expected to have substantial upside potential [22] - For FQ2'26, SanDisk's EPS is projected at $3.79, exceeding street expectations of $3.45, with a more optimistic FQ3'26 EPS forecast of $6.52 based on a 22% QoQ ASP increase [22] - JP Morgan anticipates a substantial increase in NAND TAM growth from a long-term average of 10% to over 30% in the next three years, primarily driven by AI-related eSSD demand [23] Taiwanese Foundries - Citigroup reports that VIS and UMC have outperformed the market by 48% and 22% respectively year-to-date, with UTR expected to rise to 75%+ this year [19][20] - UMC's 28/22nm utilization rate remains above 90%, with overall UTR improving from 60-70% to 75-80%, leading to upward adjustments in profitability forecasts for 2026/27 [19][20] Key Company Earnings Projections - SanDisk's base case for F3Q (March) ASP is projected to increase by 22% QoQ, corresponding to an EPS of $6.52, significantly higher than the expected $4.62 [19][22] - In a bullish scenario, if F3Q ASP increases by 40%, EPS could reach $9.06, with FY27 EPS potentially at $67.5 [19][22]

公众号记得加星标⭐️，第一时间看推送不会错过。 英特尔与联电传将进行「世纪大合作」，英特尔要把独家用于下世代埃米级制程与先进封装关键的独 家技术「Super MIM」超级电容授权联电，联电技术能力将大跃进，双方并将携手抢攻AI世代大商 机，树立台美半导体合作新里程碑。 对于相关消息，联电表示，目前与英特尔的合作重心仍放在12纳米平台，持续强化制程竞争力与客户 服务，但未来不排除扩大合作范围，朝更多元技术领域发展。 消息人士透露，联电内部已有专门团队开始对此新合作「动起来」。英特尔则不评论。 业界指出，随着晶体管尺寸持续微缩，芯片在高负载运算时会出现剧烈瞬时电流需求，传统去耦电容 面临容量密度不足或漏电流过高等瓶颈，已难以支撑埃米级芯片运作稳定。 Super MIM是英特尔挥军埃米级制程的关键技术，藉由该电容技术，解决先进制程下电源噪声与瞬时 功率波动问题，堪称英特尔迈入下世代制程节点的秘密武器。 据 了 解 ， 英 特 尔 Super MIM 超 级 电 容 采 用 铁 电 铪 锆 氧 化 物 （ HZO ） 、 氧 化 钛 （ TiO ） 、 钛 酸 锶 （STO）等材料堆叠，可在相容既有后段制程（BEOL ...

Group 1 - U.S. stock futures increased, with Dow futures up approximately 200 points [1] - WhiteFiber Inc announced a $200 million Convertible Senior Notes offering, leading to a 5.5% decline in its shares to $19.19 in pre-market trading [1] Group 2 - Caleres, Inc. shares dropped 8.6% to $12.84 after naming Dan Karpel as interim CFO [2] - Aura Biosciences Inc shares fell 7% to $5.10 following a 10% gain on Wednesday [2] - GoldMining Inc shares decreased by 5.5% to $1.55 in pre-market trading [2] - T1 Energy Inc shares fell 5.4% to $7.40 after filing for a mixed shelf offering [2] - Aimei Health Technology Co Ltd shares declined 5% to $54.34 after a 22% increase on Wednesday [2] - United Microelectronics Corp shares dropped 4% to $10.69 in pre-market trading [2] - Sony Group Corp shares fell 2.8% to $23.02 in pre-market trading [2]

Group 1: United Microelectronics Corporation (UMC) - UMC shares increased by 15.9% to close at $10.78, supported by high trading volume, and have gained 14.4% over the past four weeks [1] - The company is experiencing increased demand for 22-nanometer technology, as well as growth in smartphone and notebook sales, contributing to a broad market recovery [1] - UMC is expected to report quarterly earnings of $0.12 per share, reflecting a year-over-year increase of 20%, with revenues projected at $1.88 billion, up 2.1% from the previous year [2] Group 2: Earnings Estimates and Stock Performance - The consensus EPS estimate for UMC has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - UMC currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] - In comparison, Diodes (DIOD), another company in the same semiconductor industry, has a consensus EPS estimate of $0.26, which is a decrease of 3.7% from the previous year, and also holds a Zacks Rank of 3 (Hold) [4]

We recently published 10 Stocks Breaking Records While Wall Street Bleeds. United Microelectronics Corp. (NYSE:UMC) was one of the top performers on Tuesday. United Microelectronics jumped to a new three-year high on Tuesday, as investors took heart from the successful development of a superflash memory capable of working reliably in extreme conditions. At intra-day trading, the stock surged to its highest price of $10.93 before trimming gains to finish the session just up by 15.91 percent at $10.78 apie ...

Group 1 - Major US stock indices opened significantly lower, with the Dow Jones down 1.28%, S&P 500 down 1.33%, and Nasdaq down 1.59% [1] - Notable declines were observed in companies such as Nvidia, Google, Amazon, and Broadcom, each dropping over 2% [1] - United Microelectronics Corporation (UMC) surged over 14%, marking an 18% increase year-to-date, following the official launch of its fourth-generation SuperFlash technology [1] - 3M Company’s stock fell by 4.9% after announcing annual profit expectations below market estimates [1] Group 2 - Quantum computing company Quantinuum, backed by Honeywell, is reportedly advancing towards an IPO, collaborating with Morgan Stanley and JPMorgan, aiming for a valuation of $15 billion to $20 billion and seeking to raise $1.5 billion [2] Group 3 - AI application stock Applovin experienced a pre-market drop of over 7% following a short-seller report from Capitalwatch, which accused the company of systemic compliance risks and significant financial crimes [3] Group 4 - The German government announced on January 19 that it will provide subsidies of up to €6,000 for families purchasing new electric vehicles, aiming to boost the domestic electric vehicle industry after ending previous subsidies in late 2023 [4] Group 5 - Sony announced a memorandum of understanding with TCL to establish a joint venture that will take over Sony's home entertainment business, including televisions and audio products, with TCL holding 51% and Sony holding 49% [5]

周二，联电(UMC.US)盘前大涨超14%，今年以来已累涨18%，现报10.66美元。消息面上，微芯科技旗 下子公司冠捷半导体(SST)与联电共同宣布，双方已完成SST嵌入式SuperFlash第四代(ESF4)技术在 UMC28HPC+工艺平台的车规1级(AG1)全面认证并正式投产。相比其他代工厂的28纳米高K金属栅 (HKMG)嵌入式闪存方案，ESF4在工艺复杂度与成本控制方面具备显著优势，为客户带来更高的制造效 率与经济效益。 ...

智通财经APP获悉，周二，联电(UMC.US)盘前大涨超14%，今年以来已累涨18%，现报10.66美元。消 息面上，微芯科技旗下子公司冠捷半导体(SST)与联电共同宣布，双方已完成SST嵌入式SuperFlash第四 代(ESF4)技术在UMC 28HPC+工艺平台的车规1级(AG1)全面认证并正式投产。相比其他代工厂的28纳 米高K金属栅(HKMG)嵌入式闪存方案，ESF4在工艺复杂度与成本控制方面具备显著优势，为客户带来 更高的制造效率与经济效益。 ...

Shares of Rapt Therapeutics Inc (NASDAQ:RAPT) rose sharply in pre-market trading after GSK (NYSE:GSK) agreed to acquire the company for $58 per share for an estimated aggregate equity value of $2.2 billion.Rapt Therapeutics shares jumped 63.4% to $57.36 in the pre-market trading session.Here are some other stocks moving in pre-market trading.GainersINVO Fertility Inc (NASDAQ:IVF) gained 418.2% to $4.21 in pre-market trading. Traders circulate unconfirmed rumor that President Trump making fertility treatment ...