芯片，熬过来了？

Core Viewpoint - The semiconductor industry is showing signs of recovery, with major companies like Texas Instruments and STMicroelectronics expressing confidence in market stabilization and growth despite recent challenges [2][4]. Group 1: STMicroelectronics Insights - STMicroelectronics reported a 27.3% year-over-year decline in net income for Q1, with a net profit drop of 89.1% to $56 million [2]. - The CEO indicated that Q1 is seen as the market bottom, driven by growth in personal electronics, although automotive and industrial revenues fell short of expectations [2]. - For Q2, STMicroelectronics anticipates net revenue of $2.71 billion, a 16.2% year-over-year decline but a 7.7% quarter-over-quarter increase, with a projected gross margin of approximately 33.4% [2]. Group 2: ASML Performance and Outlook - ASML achieved a total net sales of €7.7 billion ($8.75 billion) for Q1, exceeding previous estimates and up from €5.3 billion ($6 billion) year-over-year [4]. - The company reported disappointing order volumes of €3.9 billion ($4.4 billion) for the quarter, leading to a 6% drop in stock price [4]. - ASML maintains a revenue forecast for 2025 between €30 billion and €35 billion ($34 billion to $40 billion), despite uncertainties from tariffs [5][6]. Group 3: Tariff Impact and Future Projections - Tariffs imposed by the U.S. government are creating uncertainty in the semiconductor sector, affecting companies like ASML that operate globally [6]. - ASML's CFO highlighted the various ways tariffs could impact their operations, including on systems shipped to the U.S. and components used in U.S. manufacturing [6]. - The company remains optimistic about future growth driven by advancements in technology, particularly in logic and DRAM chips, which require more sophisticated lithography techniques [6].