美国政府放松H200对华出口，美光在纽约州兴建多座晶圆厂

Market Overview - The overseas AI chip index decreased by 1.5% this week, while MPS and TSMC increased by 2.4% and 1.3% respectively. AMD and Marvell saw declines of 9.1% and 6.9% [1][2] - The domestic AI chip index rose by 7.8% this week, with companies like Cambricon, Loongson Technology, Aojie Technology, Zhaoyi Innovation, Changdian Technology, and Tongfu Microelectronics all experiencing gains of over 10%. Haiguang Information, Rockchip, and Hengxuan Technology had increases of 9.9%, 5.1%, and 3.8% respectively [1][2] Industry Data - Global electric vehicle sales are projected to reach 20.985 million units by 2025, representing a year-on-year increase of approximately 22%, with expectations to rise to 24.166 million units in 2026, a 15% increase [3] - Global smartwatch shipments are expected to grow by 7% year-on-year by the end of 2025, recovering from a decline in 2024 [3] - The shipment volume of foldable smartphone panels is anticipated to achieve a 46% year-on-year growth in 2026, driven by Apple's procurement for its first foldable iPhone [3] Major Events - The Trump administration has relaxed export controls on NVIDIA H200 chips to China, with the Chinese government planning to allow certain users to import this AI chip as early as Q1 2026 [4] - Micron plans to build up to four wafer fabs in New York, potentially receiving over $25 billion in federal subsidies for the first two fabs, with the first expected to be operational by 2030 and the second by 2033 [4] - After 2026, high-end GPU platforms such as Blackwell and Vera Rubin will be introduced, with rack-level power supply limits becoming a critical challenge for the industry [4]