半导体与半导体生产设备行业周报、月报：台积电亚利桑那州厂新获AMD订单，国内主要晶圆厂25Q2业绩展望谨慎-20250512

Investment Rating - The report maintains a "Recommended" investment rating for the semiconductor and semiconductor production equipment industry [7]. Core Insights - The overseas AI chip index increased by 6.1%, driven by the Trump administration's plans to modify export restrictions on advanced AI chips, leading to significant stock price increases for US AI chip companies [10]. - Domestic AI chip index remained stable, with A-share chip companies experiencing an overall upward trend before the announcement of relaxed export restrictions by the US, which later affected their stock prices [10]. - The Nvidia mapping index rose by 4.0%, supported by enhanced shipment expectations following the US government's plans to ease AI chip export restrictions [10]. - The server ODM index surged by 8.5%, reflecting sustained demand for AI infrastructure from tech companies [10]. - The storage chip index increased by 3.3%, with domestic demand for storage chips boosted by US-China trade tensions [10]. - The power semiconductor index saw a modest rise of 1.4%, while the A-share fruit chain index increased by 2.2%, contrasting with a 2.4% decline in the Hong Kong fruit chain index [10]. Market Data - SMIC reported a 28.4% year-on-year increase in Q1 2025 sales, with a capacity utilization rate of 89.6%. However, it expects a revenue decline of 4%-6% in Q2 2025, with a gross margin between 18%-20% [22]. - Hua Hong Semiconductor's Q1 2025 sales rose by 17.6%, with a gross margin of 9.2%. The company anticipates Q2 2025 sales between $550 million and$570 million, with a gross margin of 7%-9% [27]. - OLED monitor shipments grew significantly, reaching approximately 507,000 units in Q1 2025, a year-on-year increase of 175% [28]. - China's smartphone shipments increased by 9% year-on-year in Q1 2025, marking five consecutive quarters of growth, with Huawei leading the market with a 20% share [33]. Major Events - Samsung is set to launch the ultra-thin Galaxy S25 Edge on May 12, 2025, ahead of Apple's entry into the ultra-thin smartphone market [36]. - AMD has shifted the production of its EPYC servers from Samsung to TSMC's new Arizona facility using 4nm technology [36]. - Intel has signed a large-scale semiconductor foundry contract with Microsoft, utilizing Intel's 18A process technology [36]. - TSMC's Arizona 4nm wafer fab has begun producing processors for Apple's iPad and Apple Watch [36].