Core Insights - Apple has secured over half of TSMC's (Taiwan Semiconductor Manufacturing Company) 2-nanometer capacity for 2026, which is expected to enhance its competitive edge by utilizing the most advanced manufacturing processes ahead of its rivals [1][2] - TSMC is set to begin mass production of 2-nanometer chips in the second half of 2025, with Apple being its largest customer, contributing NT$624.3 billion in revenue for 2024, marking a 14.2% year-on-year increase [1][2] - Apple is likely to adopt TSMC's latest packaging technology, Wafer-Level Multi-Chip Module (WMCM), for several upcoming products, including the M6 chip for MacBook Pro and new models of Vision Pro and iPhone [1] Group 1 - Apple has been TSMC's largest customer for advanced processes over the past decade, benefiting significantly from the inability of competitors to access the latest technologies [2] - TSMC's 2-nanometer production facilities are planned for Baoshan in Hsinchu and Kaohsiung, with the Baoshan facility's initial capacity fully booked by Apple, while Kaohsiung will support non-Apple clients [2] - TSMC's future capacity expansion plans include multiple phases at Baoshan and Kaohsiung, with potential upgrades at the Nanke facility to meet strong customer demand [2] Group 2 - TSMC has indicated that the design approval for 2-nanometer products will exceed that of 3-nanometer and 5-nanometer in the same timeframe, with a production curve similar to that of 3-nanometer technology [2] - The introduction of N2P process technology as an extension of the 2-nanometer family is anticipated, targeting applications in smartphones and high-performance computing (HPC), with mass production expected in the second half of 2026 [2]

Core Viewpoint - NVIDIA and Intel have announced a historic partnership focused on the development of custom chips, which is expected to open new markets for NVIDIA and make it a major customer for Intel's server CPUs, potentially addressing a market opportunity of $25 billion to $50 billion [1][5]. Group 1: Partnership Details - The collaboration will involve NVIDIA gaining access to x86 architecture, allowing for greater flexibility in expanding supercomputer capabilities [3]. - Both companies aim to create a new generation of integrated notebook chips that combine CPU and GPU processing [3]. - NVIDIA plans to invest $5 billion in Intel's common stock at a price of $23.28 per share, which is at a discount compared to the previous closing price [4]. Group 2: Market Reactions - Following the announcement, Intel's stock jumped 27.6% at the open, with intraday gains reaching 30%, marking the largest single-day increase since October 1987 [1]. - NVIDIA's stock also saw a rebound, rising approximately 3.9% during the day, while AMD's stock fell over 5.8% initially before narrowing its losses [12]. Group 3: Analyst Insights - Analysts believe the partnership could redefine the AI PC ecosystem and create significant synergies in the x86/mid-range/inference AI server market [7]. - The collaboration is seen as having manageable risks for TSMC, with expectations that TSMC's advanced process advantages will last at least until 2030 [8]. - There are questions regarding whether NVIDIA will utilize Intel's foundries for production, but NVIDIA has stated it will be a major buyer of Intel chips [6]. Group 4: Commitment to Arm Architecture - NVIDIA's CEO emphasized that the company's commitment to its Arm architecture roadmap remains unchanged despite the new partnership [9][10].

每经编辑｜金冥羽 9月18日，据英伟达官网消息，英伟达表示将向英特尔投资50亿美元，并宣布双方达成合作协议，计划在人工智能基础设施和个人计算产品上展开联合开 发。 根据合作协议，在数据中心领域，英特尔将为英伟达定制x86 CPU，由英伟达将其集成至AI基础设施平台；在个人计算领域，英特尔将生产并供应集成了 英伟达RTX GPU芯片的x86系统级芯片（SOC）。双方并未给出首批产品上市的时间表，并称此次公告不影响各自既定的未来规划。 受此消息提振，英特尔股价盘前直线飙升，一度大涨逾30%；英伟达股价盘前涨逾2%。 英伟达成为英特尔股东 台积电、AMD盘前大跌 根据协议，英伟达将以每股23.28美元的价格购买英特尔普通股，较英特尔周三收盘价（24.9美元）折让约6.5%，但高于美国政府上月以每股20.47美元入 股时的价格。今年8月，美国政府与英特尔达成协议，将以约89亿美元收购英特尔9.9%的股份，成为其最大股东之一。这笔投资部分来自美国《芯片法 案》提供的补贴。 值得注意的是，按照英特尔最新市值计算，交易完成后，英伟达预计持股英特尔逾4%，将成为英特尔重要股东之一。 "这一历史性的合作将英伟达的AI和加速计算 ...

Core Viewpoint - NVIDIA announced a $5 billion investment in Intel, marking a significant support for the struggling American chip giant following a recent government stake acquisition [1][2]. Group 1: Investment Details - After the transaction, NVIDIA will hold approximately 4% or more of Intel's new shares, becoming one of its largest shareholders [2]. - NVIDIA will purchase Intel's common stock at $23.28 per share, which is lower than Intel's closing price of $24.90 but higher than the government's previous investment price of $20.47 [2]. Group 2: Strategic Implications - The partnership allows for joint development of PC and data center chips, enhancing Intel's opportunities in the market [2]. - This investment is seen as a step for NVIDIA to diversify its investments in the U.S. and improve political relations, although it does not address larger issues in China [2][5]. Group 3: Market Impact - The announcement led to a 30% pre-market surge in Intel's stock, while NVIDIA's stock rose over 3% and AMD's stock fell nearly 4% [2][3]. - Intel has previously secured $2 billion from SoftBank and $5.7 billion from the U.S. government, indicating a strong cash position [3]. Group 4: Competitive Landscape - The collaboration poses potential risks for TSMC, which currently manufactures NVIDIA's flagship chips, as future production may shift to Intel [3]. - AMD may also face challenges in the data center market due to this partnership [3]. Group 5: Technological Development - Intel will design custom data center CPUs to be packaged with NVIDIA GPUs, enhancing chip interconnectivity crucial for AI applications [3][4]. - NVIDIA aims to provide custom GPUs for Intel's PC CPU packaging, potentially boosting Intel's competitiveness in the consumer market [3].

Core Viewpoint - Nvidia has agreed to invest $5 billion in Intel, aiming to support the struggling competitor while both companies will collaborate on chip development for PCs and data centers [2][3]. Investment Details - Nvidia will purchase Intel common stock at $23.28 per share, making it one of Intel's largest shareholders with a stake of less than 5% [3]. - Intel's market capitalization was $116 billion as of the last close, while Nvidia's market cap exceeds $4 trillion [3]. Strategic Collaboration - The partnership will integrate Nvidia's graphics technology into Intel's upcoming PC chips and provide processors for Nvidia's data center products [2][4]. - Nvidia's CEO emphasized the historical significance of this collaboration, merging Nvidia's AI and accelerated computing systems with Intel's CPU and x86 ecosystem [4]. Market Dynamics - Intel's reliance on Nvidia's technology highlights a shift in the computing industry, where Intel, once a dominant player, now seeks support from its former rival [3][5]. - The collaboration aims to enhance Intel's competitiveness against AMD in the desktop and laptop markets [4]. Financial Context - The investment follows a previous $2 billion injection from SoftBank into Intel, indicating growing capital reserves for the company [3]. - Nvidia's sales are projected to reach approximately $200 billion this year, with its data center division surpassing the total sales of any other chip company [6]. Industry Positioning - Intel has lagged in AI-specific computing investments, exacerbating its challenges due to manufacturing technology delays [6]. - The partnership reflects Intel's shift towards a more open strategy under its new leadership, seeking collaboration and opening its factories to competitors [6].

英伟达重磅出手！ 受英伟达重金入股的消息刺激，英特尔股价在周四盘前一度暴涨超34%。根据最新披露的协议，英伟达将斥资50亿美元入股英特尔，并将与其联合开发面向PC与数据 中心的芯片。 英伟达首席执行官黄仁勋表示："此次历史性合作将英伟达的AI和加速计算堆栈与英特尔的CPU和庞大的x86生态系统紧密结合，实现了两大世界级平台的融合。我们 将携手拓展生态系统，为下一个计算时代奠定基础。"完成交易后，英伟达可能持有英特尔4%及以上的股份，成为英特尔的大股东之一。不过，双方的合作协议没有 涉及英伟达芯片的代工业务。 有分析指出，英伟达的入股或将为英特尔带来重大机遇。在此之前，英特尔在高性能芯片市场节节败退，英伟达的加入，将进一步稳固英特尔的资金链，在业务层面 也将有重大合作空间。 英特尔暴涨 9月18日，美股盘前，英特尔股价直线拉升，一度暴涨超34%，截至北京时间19:40，涨幅达29.2%，股价报32.17美元。 | 24.900+ | 25.260 今 开 | 25.075 | | --- | --- | --- | | -0.370 -1.46% | 24.450 昨 收 - - - 最 低 | 25.270 ...

【#英伟达将向英特尔投资50亿美元#】#英特尔股价盘前暴涨# 当地时间9月18日，英伟达公司宣布将以 每股23.28美元的收购价，向英特尔公司投资50亿美元，并表示两者将共同开发用于PC和数据中心的芯 片。 英特尔股价在盘前交易中飙升超30%，英伟达股价盘前上涨3%。台积电美股盘前跳水超2%。（每经综 合，德塔） | 英特尔 | | | | | | --- | --- | --- | --- | --- | | INTC US L1-标 | | | | | | 1.00 | 高 25.260 昨收 | 25.270 | 量比 | | | 24.900 | 1.36% | 金额 15.72亿 | 低 24.450 | 换手 | | -0.370 -1.46% | 亏损 | 开 25.075 市值 1162.9亿 市盈 1 | | | | ⊙7:21 美东时间 | 盘前 31.800 | 6.900 27.71% | | | | 同花服 | 异动解读:英伟达拟收购英特尔普通股。1、英 ... ● × | 部席 | | | | 最新:31.800 6.900 27.71% | > 园 > | | | | | 33. ...

9月18日，美股半导体股盘前走势分化，英特尔暴拉，一度涨超33%，此前英伟达宣布50亿美元入股英 特尔。 | W | 英特尔(INTEL) | | | | --- | --- | --- | --- | | | INTC.O | | | | 24.900 量 6309.4万 股本 43.77亿 市盈 -5.3 | | | 万得 | | -0.370 -1.46% | 换 1.44% 市值1 1090亿 市净 1.11 | | 答 ■ | | 盘前 31.940 +7.040 +28.27% | | 美东 07:25 √ | | | 时间 7:14 | 价格 33.140 | 涨跌 7.870 | | | 涨跌幅 31.14% | 均价 0.000 | 成交量 41.8万 | | | 答加 33.140 | 07:14 | 33.09% 31.950 187 | | | | | 31.920 100 15:59 24.890 157 | | | | | 15:59 24.890 1 | | | 24.900 | | 0.00% 15:59 24.890 1077 | | | | | 15:59 24.890 1 ...

| | | 受此消息带动，截至发稿，阿斯麦涨超7%，英伟达涨超3%，美光科技、 安森美半导体 涨超2%。 | < W | 英伟达(NVIDIA) | | | --- | --- | --- | | | NVDA.O | | | 170.290 量2.1亿 | 股本 243.00亿 市盈 47.8 | 万得 | | | | 집 ■ | | -4.590 -2.62% 换0.87% | 市值1 41380亿 市净 41.33 | | | 盘前 175.880 +5.590 +3.28% | 美东 07:25 ▼ | | | 盘前▼ 五日 日Ｋ | 車を 周Ｋ 月Ｋ | | | 叠加 | 均价:174.434 | | | 176.090 | 3.41% 卖一 175.920 | 190 | | | 买一 175.860 | 306 | | | 15:59 170.210 400 15:59 170.210 4494 | | | 170.290 | 0.00% 15:59 170.204 300 | | | | 15:59 170.210 | 105 | | | 15:59 170.210 | 452 | | | 1 ...

英伟达(NVDA.O)周四宣布，将向英特尔(INTC.O)投资50亿美元，为这家处境艰难的美国芯片代工企业 提供支持，但并未向英特尔授予关键的芯片制造订单。该协议还包含英特尔与英伟达联合开发个人电脑 及数据中心芯片的计划，这对台积电(TSM.N)可能构成潜在风险。目前，台积电负责生产英伟达的旗舰 处理器；作为全球市值最高的公司，英伟达未来或有可能将这部分业务转移至英特尔。而在数据中心芯 片供应领域与英特尔存在竞争的超微半导体，也可能因英伟达对英特尔的支持而遭受损失。 来源：滚动播报 ...