Xin Lang Cai Jing·2025-10-10 08:48Core Viewpoint - The semiconductor sector is experiencing significant growth driven by AMD's strategic partnership with OpenAI, which has led to a surge in AMD's stock price and subsequently impacted related companies in the A-share market. Group 1: Market Performance - The Nikkei 225 index in Japan surged nearly 5% on October 6, reaching a historical high [2] - The Nasdaq index in the U.S. broke through 23,000 points for the first time, also marking a historical high [3] - AMD's stock price increased by 45% during the A-share market's 8-day closure, igniting enthusiasm in the capital market [4] Group 2: AMD and OpenAI Partnership - AMD and OpenAI have entered a strategic cooperation agreement to deploy a total of 6 GW of AMD Instinct series GPU computing power over the next four years, with a collaboration scale reaching hundreds of billions of dollars [6] - AMD granted OpenAI warrants for up to 160 million shares of common stock at an exercise price of only $0.01, with the unlocking of these warrants tied to specific performance milestones [6][7] Group 3: Impact on A-share Semiconductor Sector - Following AMD's stock surge, the semiconductor sector in A-shares experienced a collective rally, with companies like Huahong Semiconductor and SMIC reaching historical highs [9] - Tongfu Microelectronics, closely related to AMD, also hit the daily limit up on October 9, reflecting its status as a key AMD concept stock in A-shares [9] Group 4: Tongfu Microelectronics' Business Growth - Tongfu Microelectronics acquired 85% stakes in AMD's Suzhou and Penang facilities in 2016, becoming the largest outsourced packaging supplier for AMD [11] - In 2023, over 60% of Tongfu Microelectronics' revenue came from AMD-related packaging orders, highlighting the importance of this partnership [12] - AMD's business accounted for 50.35% of Tongfu Microelectronics' revenue in 2024, amounting to approximately 12.025 billion yuan [13] Group 5: Future Prospects and Investments - Tongfu Microelectronics plans to invest 6 billion yuan for expansion, with 2.5 billion yuan allocated for new high-performance computing and automotive electronics factories [16] - The company has a long-term cooperation agreement with domestic GPU manufacturer Moore Threads, reserving packaging capacity for their GPU products [17] Group 6: Market Reactions and Stock Performance - Despite a reduction in holdings by the state-backed Integrated Circuit Industry Investment Fund, Tongfu Microelectronics' stock price continued to rise, reaching new highs [19][20] - On October 10, Tongfu Microelectronics' stock price increased by over 8% at one point, setting a new historical high, although it later retreated due to broader market pressures [20]