据IT之家 1 月 13 日援引韩媒 DealSite 当地时间 12 日报道称，韩国 AI 芯片企业 Rebellions 已向埃隆・马斯 克控制的人工智能"独角兽"xAI 交付了芯片样品。 芯闻头条 1、兆易创新登陆港交所，上市首日涨37% 今日芯闻获悉，存储芯片厂商兆易创新今日（1月13日）在港交所挂牌上市。上市首日，该股高开45.06% 报235港元/股，盘中一度涨超50%。截至今日下午收盘，该股涨37.53%，报222.8港元/股，最新市值 1552.39亿港元（约合人民币1338.27亿元。注：其A股今日市值为1759亿元）。 公开资料显示，兆易创新是中国最具代表性的全球化芯片设计企业之一，亦是少数在多项核心存储与控制 芯片领域实现全球对标的中国芯片公司。2016年，兆易创新在上海证券交易所主板上市。此次成功登陆香 港资本市场，标志着公司正式完成"A+H"双资本平台的构建，具有里程碑意义。 Fabless/IDM 2、SK海力士将豪掷近130亿美元建设封装厂 据智通财经报道，韩国SK海力士周二（1月13日）表示，公司已决定投资19万亿韩元（约合129亿美元）在 韩国建设一家先进的芯片封装厂，以满足 ...

Core Viewpoint - The demand for AI computing power is entering a rapid growth cycle, leading to a significant price increase for storage chips, with international companies planning to raise server DRAM prices by 60%-70% in Q1 2026 compared to Q4 2025 [2][3]. Industry Overview - The global storage chip market is experiencing a sustained upward cycle due to increased demand driven by AI technology, with DRAM and NAND flash consumption in the server sector expected to grow by 40%-50% year-on-year in 2025 [3]. - The price of DDR4 memory modules has tripled within a year, indicating a severe shortage in the storage chip market [3]. - Major companies like Samsung and SK Hynix are prioritizing advanced process capacities, leading to a reduction in the production of mature processes like DDR4, creating supply gaps for specific mid-range storage chips [3]. Company Performance - Zhaoyi Innovation, a leading domestic storage chip company, has seen its stock price increase by 101.25% in 2025, reaching a historical high of 273.77 yuan per share by early 2026, with a market capitalization exceeding 180 billion yuan [2]. - The company reported a revenue of 26.81 billion yuan in Q3 2025, a year-on-year increase of 31.40%, with net profit rising by 61.13% [11]. Product and Market Position - Zhaoyi Innovation has a diverse product matrix, including niche DRAM, NOR Flash, and MCU, with significant market shares in various segments [5][6]. - The company plans to enhance its NOR Flash product line and aims to achieve mass production of 45nm NOR Flash products by 2026 [5]. Supply Chain and Production Strategy - Zhaoyi Innovation operates on a Fabless model, relying on major foundries for production, which allows for rapid market response but also poses supply chain risks [7]. - The company has invested in binding partnerships with key foundries to secure production capacity and mitigate supply chain risks, including a 1.88% stake in Changxin Storage [8][9]. Capital Expansion and Future Outlook - The company went public in Hong Kong on January 13, 2026, raising approximately 4.18 billion HKD to enhance R&D capabilities and expand its global marketing network [14]. - While capital expansion presents opportunities, it also brings challenges related to funding, technology, and market competition, particularly in a capital-intensive industry like semiconductors [15].

港股晨报 港股回顾 点，跌幅随即扩大至 247 点，低见 23730 点，其后跌幅 一度收窄至仅 20 点，午后大盘走势偏软，尾盘沽压再 度扩大。截至收盘，恒指收报 23831 点，下跌 145 点或 0.61%；国指收报 9656 点，下跌 47 点或 0.49%，大市 成交进一步减至 827.99 亿。港股通录得净流入资金 4.84 亿，其中港股通(沪)净流入 2.83 亿，港股通(深)净 流入 2.01 亿。板块方面，本地地产、软件、5G 概念板 块跌幅靠前；黄金股逆市走强。 周一港股放量大涨，科网股全线大涨。恒生指数 收涨 1.44%，报 5863.2 点；恒生中国企业指数上 涨 1.90%。当日市场成交额为 3062.23 亿港元， 较前一交易日的 2451.3 亿港元明显放量。"全球 大模型第一股"智谱涨逾 31%。恒生科技指数成 分股中 23 只上涨，5 只下跌，其中金蝶国际上涨 12.16%，商汤-W 上涨 6.88%。跌幅方面，地平线 机器人-W 下跌 4.19%，零跑汽车下跌 1.25%。 美股市场 1. 美股周一摆脱美国司法部对联储局主席鲍威尔展 开刑事调查的负面影响，道指及标普 500 ...

1月13日热门中概股普涨，纳斯达克中国金龙指数（HXC）收高4.26%。 上涨股当中（按市值从高到低），台积电涨2.52%，阿里巴巴涨10.17%，网易涨4.73%，百度涨6.06%， 携程涨4.36%，京东涨4.35%，日月光半导体涨3.57%，中华电信涨0.21%，腾讯音乐涨2.25%，富途控股 涨5.39%，联电涨0.68%，小鹏汽车涨8.39%，贝壳涨3.64%，理想汽车涨2.28%，中通涨0.74%，华住酒 店集团涨1.94%，哔哩哔哩涨8.96%，中国新城农村涨1.42%，蔚来涨4.53%，新东方涨1.79%，BOSS直 聘涨0.21%，唯品会涨3.63%，万国数据涨7.40%，小马智行涨0.93%。 下跌股当中（按市值从高到低），拼多多跌1.51%，满帮跌1.43%。 美股周一收高，道指与标普500指数均创历史新高。投资者暂时忽略了美国司法部对美联储主席杰罗姆· 鲍威尔展开刑事调查的影响。美国总统特朗普要求将信用卡利率上限设定为10%。 道指涨86.13点，涨幅为0.17%，报49590.20点；纳指涨62.56点，涨幅为0.26%，报23733.90点；标普500 指数涨10.99点，涨幅为0 ...

海纳国际：将台积电(TSM.N)目标价从400美元上调至415美元。 本文源自：金融界AI电报 ...

[Table_Reportdate] 2026年01月12日 标配 [table_product] 相关研究 行 业 周 报 [Table_Authors] 证券分析师 方霁 S0630523060001 fangji@longone.com.cn 联系人 董经纬 djwei@longone.com.cn 联系人 方逸洋 fyy@longone.com.cn [table_stockTrend] 1.存储涨价势头不减，AI仍为 主线叙事——半导体行业12月 份月报 1. 英伟达获Groq推理技术授权，中 芯国际对部分产能实施涨价——电 子行业周报（20251222- 20251228） 2. 美光业绩指引超预期，小米大模 型展现推理性价比——电子行业周 报（20251215-20251221） 3. 美批准对华出售英伟达H200芯 片，博通AI半导体业务驱动业绩显 著增长——电子行业周报 （20251208-20251214） [Table_NewTitle] 英伟达Rubin平台正式发布，台积电 2025全年营收创新高 ——电子行业周报2026/1/5-2025/1/11 [table_main] 投资要点 ...

Group 1: Market Overview - The US stock market indices reached new historical highs following the non-farm employment report, with the Nasdaq up 0.81%, S&P 500 up 0.65%, and Dow Jones up 0.48% for the week [1][2]. - The Russell 2000 index, representing small-cap stocks, also increased by approximately 0.8%, indicating a broad recovery in risk appetite [4]. Group 2: Non-Farm Employment Data - The US non-farm employment data showed a mixed picture, with an increase of only 50,000 jobs in December, below the market expectation of 60,000, marking one of the smallest increases since the pandemic [9]. - The unemployment rate recorded at 4.4% was slightly better than the expected 4.5%, suggesting that the job market has not "suddenly stalled" [9]. - The three-month moving average of employment showed a decline of about 22,000 jobs, raising concerns about future consumer spending [10]. Group 3: Interest Rates and Dollar Index - Following the non-farm data release, the probability of a rate cut in January dropped significantly from 11.6% to 2.8%, while the probability of maintaining the current rate rose from 88.4% to 97.2% [10]. - The dollar index increased by approximately 0.25% to 99.13, marking its second consecutive week of gains, reflecting a temporary retreat from expectations of further easing [11]. Group 4: Semiconductor and Storage Sector - The storage chip sector saw significant activity, with Micron Technology's stock rising over 5% to reach a historical high, driven by strong demand for AI servers [12][13]. - Analysts have raised Micron's target price to the range of $350-$400, with a report from Mizuho increasing it from $290 to $390, highlighting "AI accelerators + storage + equipment" as key investment areas for 2026 [16]. - SanDisk, another key player in the storage sector, has seen its stock price increase by over 550% since its re-listing, with a further rise of approximately 30%-35% in the first nine trading days of 2026 [17]. Group 5: Semiconductor Industry Dynamics - The semiconductor industry experienced a collective surge, with Intel, TSMC, and ASML all benefiting from increased investment in AI infrastructure [21]. - Intel's stock rose over 10%, reaching a nearly two-year high, following the announcement of its new Core Ultra Series 3 processors aimed at enhancing local AI capabilities [26]. - TSMC reported a 20.45% year-on-year revenue increase for Q4 2025, driven by AI chip orders, which are expected to support high capital expenditures in 2026 [26].

华见早安之声 请各位听众升级为见闻最新版APP，以便成功收听以下音频。 市场概述 美国最高法院暂未公布对特朗普关税的判决，非农就业数据好坏参半，标普500涨0.6%，创新高，纳指100涨1%。周五与关税高度相关的股票盘中下跌。英 特尔大涨超10%，CEO此前与特朗普会面。甲骨文涨近5%。 非农报告强化了市场对于美联储1月维持利率不变的预期，对利率敏感的2年期美债收益率上行4.39基点。 中国财政部：4月起取消光伏等249种产品增值税出口退税，明年起取消电池产品增值税出口退税。 美国12月非农增5万人不及预期，失业率降至4.4%，年度增幅创2020年以来新低。"新美联储通讯社"称12月非农就业给按兵不动铺路，交易员预 计1月几无可能。特朗普"泄密"，提前12小时发帖曝光美非农就业数据。 美元四连涨，升至一个月高点。美元兑日元一度涨穿158，报道称日本首相拟解散议会，为提前大选铺路。 加密货币周五走低，比特币一度跌破9万美元。比特币在周初强劲上涨后回吐涨幅，全周大致收平。 现货黄金价格上涨0.7%，重回4500美元上方，本周累计涨超4%、重新逼近历史高位。现货白银涨3.8%，本周飙升10%。由于伊朗加强了对国内抗 ...

Core Viewpoint - The meeting between President Trump and Intel CEO Pat Gelsinger highlights the U.S. government's support for Intel, which has resulted in a significant increase in the company's stock price since the government began purchasing shares [1][2]. Group 1: Government Involvement - The U.S. government has purchased up to 10% of Intel's shares, with current holdings at approximately 5.5%, contributing to a stock price increase of over 70% since the announcement [1]. - Trump's post on Truth Social emphasized the government's commitment to bringing advanced chip manufacturing back to the U.S. and described the meeting as a "great deal" for both parties [1]. Group 2: Company Performance and Future Plans - Since taking over as CEO in March 2022, Pat Gelsinger has taken steps to stabilize Intel's business, including securing investments from Nvidia and SoftBank worth billions [1]. - Intel plans to begin shipping its first products below 2 nanometers (18A) by the end of 2025, although the company still relies on TSMC for some chip manufacturing [1]. Group 3: Financial Aspects - The government's initial investment in August was valued at $5.7 billion, with potential future value reaching $27.7 billion depending on market developments [2]. - The current public market value of the government's holdings is slightly above $11 billion [2].

Market Overview - The market experienced a significant rally on January 9, with the Shanghai Composite Index breaking through 4100 points and the Shenzhen Component Index rising over 1% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 3.12 trillion yuan, an increase of 322.4 billion yuan compared to the previous trading day, marking the fifth time in history that the trading volume surpassed 3 trillion yuan [1] - Over 3900 stocks in the market rose, with more than 100 stocks hitting the daily limit up for two consecutive days [1] Sector Performance - The AI application sector saw a collective surge, with over 20 constituent stocks hitting the daily limit up, including notable performers like Yiyuan Media and Provincial Advertising Group [1][2] - The commercial aerospace sector initially dipped but saw a strong recovery in the afternoon, with over 40 stocks either hitting the daily limit or rising over 10%, including Lu Xin Investment and Goldwind Technology [1] - The controllable nuclear fusion concept continued its strong performance, with Hongxun Technology and China First Heavy Industries both achieving three consecutive limit ups [1] Stock Highlights - In the AI application sector, Zhi Te New Materials led the charge with five consecutive limit ups, followed by other stocks like Fast Elevator and Yiyuan Media [2][11] - In the commercial aerospace sector, Lu Xin Investment achieved four limit ups in 11 days, driven by its stake in Blue Arrow Aerospace [10] - The controllable nuclear fusion sector saw Hongxun Technology and China First Heavy Industries both achieving three consecutive limit ups, indicating strong investor interest [12] Trading Statistics - A total of 94 stocks hit the daily limit up across the market (excluding ST and delisted stocks), with 19 stocks achieving consecutive limit ups and a limit up rate of 67% [2] - The Shanghai Composite Index closed up 0.92%, the Shenzhen Component Index up 1.15%, and the ChiNext Index up 0.77% [1]