中国稀土出口管制升级！ 10月9日，商务部发布2025年第61号公告，公布对境外相关稀土物项实施出口管制的决定；发布2025年 第62号公告，公布对稀土相关技术实施出口管制的决定。 就本次强化稀土出口管制，商务部新闻发言人答记者问中指出，稀土相关物项具有军民两用属性，对其 实施出口管制是国际通行做法。中国政府愿与各国一道维护全球产供链稳定畅通，相关措施不针对任何 国家和地区，对于合法合规的出口申请，中方将在审查后予以许可。 更关键的是，中国掌握了90%以上的稀土冶炼分离技术，能实现99.99%的纯度提纯，而这一核心技术恰 是欧美的"短板"。 稀土管制升级：从"物项管制"到"技术管制" 本次稀土出口管制的核心变化是从"物项管制"转向"技术管制"。 根据商务部2025年第62号公告，稀土开采、冶炼分离、金属冶炼、磁材制造、稀土二次资源回收利用相 关技术及其载体未经许可不得出口。同时，强调其技术及其载体，包括技术相关资料等数据，例如设计 图纸、工艺规范、工艺参数、加工程序、仿真数据等。 更重要的是，公告对"出口"的定义远超传统贸易范畴，扩展至知识产权许可、投资、交流、赠送、展 览、展示、检测、测试、援助、传授、联合 ...

以下文章来源于芯榜 ，作者芯榜首席 芯榜 . 芯榜 — 中国芯片排行榜，用大数据理解半导体行业。（www.icrank.cn ）芯片半导体集成电路IC微电子 元器件晶圆排名榜单，服务芯片圈半导体圈中国半导体论坛社区 英特尔首款基于Intel18A制程的AIPC平台 今年晚些时候，Panther Lake将在位于亚利桑那州的英特尔最新晶圆厂进入大规模量产。 英特尔首席执行官陈立武站在位于亚利桑那州钱德勒市的英特尔Ocotillo园区中，正手持代号为Panther Lake的英特尔酷睿Ultra处 理器（第三代）的晶圆。Panther Lake是首款基于Intel 18A制程工艺节点打造的客户端SoC。（图片来源：英特尔公司） Panther Lake 作为首款 18A 制程客户端 SoC，采用可扩展多芯粒架构，最多配备 16 个全新性能核与 能效核，CPU 性能较上一代提升超 50%；全新锐炫 GPU 含 12 个 Xe 核心，图形性能提升超 50%，平 台 AI 算力达 180 TOPS，可支撑消费级与商用 AI PC、游戏设备及机器人等边缘应用。 服务器级的 Clearwater Forest 最多含 28 ...

据微信公众号"英特尔中国"消息，今日（10月9日）英特尔公布了代号Panther Lake的新一代客户端处理器英特尔® 酷睿™Ultra（第三代）的架构细节，该产品预计将于今年晚些时候开始出货。 据介绍，Panther Lake是英特尔首款基于Intel 18A（1.8纳米级）制程工艺打造的产品。Panther Lake将于今年开始 进入大规模量产，首款SKU预计在年底前出货，并于2026年1月实现广泛的市场供应。 Intel 18A是英特尔开发和制造的首个2纳米级别制程节点，与Intel 3制程工艺相比，其每瓦性能提升达15%，芯片 密度提升约30%。该节点目前正加速在美国亚利桑那州实现大规模量产。 英特尔方面表示，英特尔®酷睿™Ultra处理器（第三代）是首款基于Intel 18A制程工艺打造的客户端系统级芯片 （SoC），预计最多配备16个全新性能核（P-core）与能效核（E-core），相比上一代CPU性能提升超过50%；全 新英特尔锐炫™ GPU，最多配备12个Xe核心，图形性能相比上一代提升超过50%；均衡的XPU设计以实现全新水 平的AI加速，平台AI性能最高可达180TOPS（每秒万亿次运算 ...

Core Viewpoint - The semiconductor and AI industries are experiencing a "triple resonance" of accelerated technological iteration, upgraded demand structure, and increased capital expenditure as of Q3 2025 [2] Semiconductor Sector - The semiconductor sector is characterized by "leading players outperforming and niche segments exploding," driven by technological iteration and demand upgrades [3] - ASML dominates the high-end lithography market, with Q2 revenue of €7.69 billion (up 23% YoY) and a gross margin of 53.7% [4][7] - TSMC leads advanced processes, with Q2 net profit of NT$398.3 billion (up 61% YoY) and an updated revenue growth forecast of 30% for 2025 [8] - SK Hynix benefits from strong HBM demand, with Q2 revenue of KRW 22.23 trillion (up 35% YoY) and plans to double HBM sales in 2025 [9] AI Sector - The AI sector is transitioning from being driven by training to a dual-driven model of training and inference, leading to a significant increase in computational demand [12] - Major cloud providers are expected to spend over $360 billion in capital expenditures in 2025, a 45% increase from 2024 [14] - Inference demand is surging, with NVIDIA's CEO stating that AI computation is 100-1000 times that of traditional chatbots [15] - AI applications are penetrating traditional industries, with companies like Meta and Microsoft leveraging AI to enhance operational efficiency [16] Investment Logic and Strategy - The investment logic focuses on three certainty dimensions: technological barriers, demand resilience, and stable cash flow [23] - A pyramid accumulation strategy is recommended for semiconductor leaders, while a reverse pyramid selling strategy is suggested for profit realization [25]

天眼查App显示，近日，江苏拟视半导体科技有限公司成立，法定代表人为周舟，注册资本10000万人 民币，经营范围为一般项目：货物进出口；技术进出口；集成电路芯片设计及服务；集成电路芯片及产 品制造；半导体器件专用设备销售；电力电子元器件制造；智能车载设备制造；智能车载设备销售；汽 车零部件研发；集成电路设计；集成电路芯片及产品销售；软件开发；计算机软硬件及外围设备制造； 计算机软硬件及辅助设备零售；计算机系统服务；软件销售；技术服务、技术开发、技术咨询、技术交 流、技术转让、技术推广；电力电子元器件销售（除依法须经批准的项目外，凭营业执照依法自主开展 经营活动）。 ...

Core Insights - Company has been involved in the semiconductor and semi-semiconductor equipment sector for over a decade, indicating a long-term commitment to this industry [2] - The company has established a revenue share of approximately 14% from the semiconductor and semi-semiconductor field, showcasing its growing presence [2] - The company has successfully developed various back-end processing equipment, such as wire bonding, die bonding, dicing, and mounting, which have seen faster application deployment compared to front-end equipment [2] Industry Analysis - Semiconductor and semi-semiconductor equipment are characterized by high technical difficulty and entry barriers, making it a challenging sector [2] - The application deployment process in the industry shows a disparity between front-end and back-end equipment, with back-end equipment progressing more rapidly due to fewer certification and ecological entry barriers [2]

摘要 ： 9月11日，作为BCEIA 2025同期分论坛之一，表界面分析暨第十一届全国表面分析科学与技术研讨顺利召开，旨在为表面化学领域的专家学者、科研人 员及业界精英提供一个高水平的学术交流平台。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 仪 器 信 息 网 讯 2025 年 9 月 10 日 ， 第 二 十 一 届 北 京 分 析 测 试 学 术 报 告 会 暨 展 览 会 （ The 21s t Beijing Conference & Exhibition on Ins trumental Anal y s i s，BCEIA 2025） 在北京·中国国际展览中心（顺义馆）顺利召开。 9 月 11 日 ， 作 为 BCEIA 2025 同 期 分 论 坛 之 一 ， 表 界 面 分 析 暨 第 十 一 届 全 国 表 面 分 析 科 学 与 技 术 研 讨 会 顺 利 召 开 ， 本 届 学 术 报 告 会 为 期 1 天，旨在为表面化学领域的专家学者、科研人员及业界精英提供一个高水平的学术交流平台，共同探讨表面化学分析领域的 ...

除上述修订条款外，《公司章程》其他条款保持不变，修订后的《上海万业企业股份有限公司章程 （2025年8月修订）》详见上海证券交易所网站 （www.sse.com.cn）。上述修订尚需提交公司股东大会 审议。 上述变更最终以市场监督管理部门核准的内容为准，尚需经工商行政主管部门办理变更登记，公司董事 会提请股东大会授权公司管理 层或其指定人员办理上述事宜并签署相关文件。 ■ 三、制定及修订公司部分管理制度的情况 为了提升公司规范运作水平，完善公司治理结构，与最新修订的《公司章程》的规定保持一致，公司全 面梳理了现有相关治理制度，结合公司的实际情况，根据《公司法》《上市公司章程指引》《上海证券 交易所股票上市规则》等法律法规和规范性文件的规定，公司对部分管理制度进行了修订及制定，具体 情况如下： ■ 上述制定及修订的制度已经公司第十二届董事会第三次会议审议通过，部分制度尚需股东大会审议通过 后生效。上述制定及修订的部分制度全文于同日在上海证券交易所网站（www.sse.com.cn）予以披露。 特此公告。 上海万业企业股份有限公司董事会 2025年8月29日 证券代码：600641 证券简称：万业企业 公告编号： ...

Core Viewpoint - Nvidia's latest guidance indicates a slowdown in growth after two years of rapid expansion, raising concerns about the sustainability of AI investments [1][11]. Financial Performance - For the period ending July 27, Nvidia reported a revenue increase of 56%, reaching $46.7 billion, slightly above the average expectation of $46.2 billion [2]. - The adjusted earnings per share were $1.05, exceeding the analyst expectation of $1.01 [2]. - The data center segment generated $41.1 billion in sales, also showing a 56% year-over-year growth, while gaming-related revenue was $4.29 billion, surpassing the expected $3.8 billion [2]. Market Challenges - Nvidia faces challenges in the Chinese market due to intensified US-China competition, particularly regarding semiconductor technology [3]. - The company has not made any sales of its H20 AI chips to Chinese customers in the second quarter, and the US government's plans to take a 15% cut from sales to China remain unconfirmed [4][6]. - Analysts are uncertain about the potential revenue recovery in China, with predictions varying significantly [3][6]. AI Investment Trends - There are signs that the AI investment boom may be cooling, as large data center operators might reduce spending if short-term benefits from AI applications remain difficult to quantify [7]. - Nvidia's new Blackwell chips saw a 17% increase in sales compared to the first quarter, with the new product line generating $27 billion, accounting for 70% of data center revenue [7]. Company Positioning - Nvidia has transformed its GPU technology to run AI software, positioning itself as a leader in the AI chip market [8][11]. - The company is projected to achieve annual sales of $200 billion, potentially exceeding $300 billion by 2028, capturing about one-third of the total chip industry revenue [8][11]. Valuation Insights - Despite a 35% increase in stock price this year, Nvidia's price-to-earnings ratio is around 34, which is not considered excessively high for a tech company with strong earnings growth [12]. - The current P/E ratio is lower than many historical levels for Nvidia, which peaked at nearly 70 during the pandemic-driven demand surge [12]. Market Impact - Nvidia's cautious outlook has led to a decline in its stock price by approximately 3% in after-hours trading, affecting broader market sentiment [16]. - The company's performance is critical to the ongoing bullish trend in the US stock market, particularly in the context of AI infrastructure demand [14][16].

Core Insights - Semiconductor manufacturing company SMIC has applied for a patent titled "Semiconductor Structure and Its Formation Method," with publication number CN120529616A, filed on February 2024 [1] - The patent describes a semiconductor structure that includes a substrate with channel and source-drain regions, an insulating layer, a channel structure layer, a gate structure, and a source-drain doping layer [1] Company Overview - SMIC was established in 2000 and is located in Shanghai, primarily engaged in the manufacturing of computers, communications, and other electronic devices [1] - The company has a registered capital of 244 million USD [1] - SMIC has made investments in 4 companies, participated in 127 bidding projects, and holds 150 trademark records and 5000 patent records, along with 449 administrative licenses [1]