与新能源汽维行业存在大量人才缺口形成鲜明对比的是，独立第三方的新能源维修被戏称为"高危行业"，原因是一些非厂家授权的新能源汽车维修技 师被新能源品牌告上法庭。 这场博弈的背后，是新能源车企对售后体系的绝对掌控。从核心技术数据到原厂零部件供应，厂家的"垄断"如同无形枷锁，不仅扼住了独立维修企业 的咽喉，更将高昂成本转嫁给消费者，同时也遏制了整个行业的正常竞争和健康发展。 站在2025年，国内新能源汽车渗透率有望彻底反超燃油车的历史节点上，究竟新能源汽车的维修"垄断"何时才能破除？ 新能源独立售后艰难求生 自2016年起，我国对新能源汽车的电池、电机等核心部件实施8年或者12万公里的质保政策。时至2024年，首批享受这一质保的新能源汽车核心部件 陆续踏入"脱保期"。而这仅仅只是个开始，更多的"新能源脱保车"正源源不断地在路上。 不少脱保车主乃至还在保修期内的车主表示，在更换维修核心部件时，深切体会到了新能源汽车"价格刺客"的一面。看似不起眼的电池故障，维修费 用可能高达数万元，让车主们直呼"买得起、修不起"。 行业数据显示，2025年将有超300万辆新能源车脱离原厂质保。这一庞大的数量意味着独立售后市场对三电零部 ...

Core Viewpoint - Synopsys has received formal approval from the FTC for its $34 billion acquisition of Ansys, marking a significant consolidation in the EDA software industry [1][2]. Group 1: Acquisition Details - Synopsys plans to sell its optical and photonic software tools business to Keysight Technologies as part of the acquisition agreement [1]. - Ansys will also divest a power analysis product to Keysight [1]. - The acquisition was initially announced in early 2024 and has undergone global antitrust scrutiny, pending approval from China [1][6]. Group 2: Market Impact - The acquisition is considered a "century acquisition" in the EDA software sector, significantly enhancing Synopsys's market position against its main competitor, Cadence Design Systems [2]. - By acquiring Ansys, Synopsys aims to strengthen its capabilities in chip design simulation, particularly in system-level and integrated simulation tools [2]. - This move is expected to better serve major clients like Nvidia, AMD, and Broadcom, addressing complex design requirements in emerging technologies such as 6G, next-gen AI chip architectures, and quantum computing [2]. Group 3: Financial Performance and Client Base - Synopsys's recent financial results and strong outlook indicate growing demand for its EDA software, driven by major tech companies accelerating AI chip development [3]. - Key clients include top semiconductor firms like Nvidia, AMD, Qualcomm, and Apple, as well as cloud computing giants like Amazon and Microsoft [3]. - Synopsys's tools are crucial for semiconductor manufacturers like TSMC and Samsung, aiding in optimizing chip design and accelerating new process node development [3]. Group 4: Regulatory Environment - The agreement with the FTC reflects a shift towards resolving merger cases through settlements rather than litigation, contrasting with the Biden administration's previous stance [4]. - The FTC plans to release new guidelines on how it will evaluate merger settlements [4]. - The acquisition's approval process is complicated by geopolitical tensions, particularly regarding U.S. restrictions on technology sales to China [6].

Core Points - Jiangsu Provincial Market Supervision Administration imposed a total fine of 4.39 million yuan on Sichuan Xieli Pharmaceutical Co., Ltd. for violent resistance to an antitrust investigation related to raw materials [1][5] - The company reported a sales revenue of 349 million yuan in 2022, and the fine represents 0.8% of its sales [5] Company Overview - Sichuan Xieli Pharmaceutical, established in 1992, is a manufacturer of raw materials and intermediates, exporting to nearly 50 countries and regions including the EU, Eastern Europe, South America, and Southeast Asia [1] - Sichuan Difeite Pharmaceutical Co., Ltd., established in 1979, shares the same shareholders and legal representative as Sichuan Xieli Pharmaceutical [1] Investigation Details - The investigation began on May 31 and November 30, 2023, with the latter involving violent resistance from employees during the inquiry [2] - Employees attempted to obstruct the investigation by physically confronting law enforcement and destroying evidence, including throwing a computer from the sixth floor [3][4] Legal Consequences - The actions of Sichuan Xieli Pharmaceutical and its employees were deemed severe, leading to administrative penalties including fines for the legal representative and several employees [1][5]

每经记者｜岳楚鹏 每经编辑｜高涵 ①【三大期指齐跌】截至发稿，道指期货跌0.25%、标普500指数期货跌0.21%、纳指期货跌0.21%。 ②【英伟达即将发布财报，木头姐加仓470万美元】英伟达公司将于当地时间5月28日盘后公布2026财年 一季报。正值英伟达准备发布第一季度财报之际，"木头姐"Cathie Wood的方舟投资管理公司通过旗下 方舟创新ETF购买了21504股英伟达股票，并通过方舟下一代互联网ETF购买了另外13039股。两笔交易 总计价值约470万美元。截至发稿，英伟达上涨0.18% ③【特斯拉4月在欧洲新车注册量同比腰斩】欧洲汽车制造商协会27日发布的最新数据显示，美国电动 汽车制造商特斯拉4月在欧洲市场的新车注册量仅为5475辆，较去年同期大幅下降52.6%，创下近两年 来单月销量最大跌幅。截至发稿，特斯拉下跌0.5%。 ④【美"星舰"第九次试飞未能成功】当地时间5月27日，美"星舰"第九次试飞未能成功后，SpaceX创始 人、首席执行官埃隆·马斯克在社交平台X上发文称，比上一次飞行有了"很大的进步"。 ⑤【美国将在新日铁与美国钢铁交易中获得"黄金股"】当地时间5月27日，美国宾夕法尼亚 ...

智通财经APP获悉，经过长达七周的法庭交锋，Meta(META.US)与美国联邦贸易委员会(FTC)的反垄断 诉讼案终于进入裁决阶段。这场关乎科技巨头命运的审判结果，将完全取决于联邦法官James Boasberg 对关键问题的判定：Meta是否在社交媒体市场构成非法垄断?其市场支配地位是否源自十年前对 Instagram和WhatsApp的收购? FTC指控Meta(前身为Facebook)在2012年和2014年通过收购这两家潜在竞争对手来巩固其在"个人社交网 络服务"细分市场的垄断地位。如果Boasberg支持FTC的主张，认定该公司非法垄断这一市场，Meta可 能被迫分拆Instagram、WhatsApp或同时剥离这两项业务。 尽管审判期间披露了一些新信息——包括扎克伯格曾提出自行剥离Instagram以规避潜在监管的事实—— 但审判结果可能取决于围绕竞争市场定义的更微妙复杂的争议。 狭义市场定义 范德比尔特大学法学教授、反垄断专家Rebecca Allensworth表示，FTC对市场的狭义定义始终是其指控 的薄弱环节。她表示："他们会试图主张一个非常小的市场，尽可能接近Facebook的业务范畴 ...

Core Viewpoint - The Market Regulation Administration is promoting antitrust compliance in the water supply industry to enhance awareness and ensure healthy industry development [1] Group 1: Antitrust Compliance - The antitrust compliance seminar aims to educate water supply operators about the antitrust legal framework and its importance [1] - The seminar includes a comprehensive review of antitrust cases in the water supply sector and analyzes common monopolistic issues [1] - The administration encourages operators to proactively identify and assess potential antitrust risks to foster a fair market environment [1] Group 2: Industry Impact - The water supply service is directly linked to public welfare, making compliance with antitrust laws crucial for protecting consumer rights [1] - The Market Regulation Administration emphasizes the need for operators to prevent the extension of monopolistic advantages into competitive sectors [1] - The initiative aims to create a more vibrant and equitable market landscape within the water supply industry [1]

这两年， 全球风投市场跟着技术和地缘局势悄悄重新洗牌 ：根据毕马威的数据，2025年Q1全球VC投 资总额增长至1263亿美元，且资本越来越往头部集中，AI成了投资热门。但伴随而来的就是 合规风险 也在增长 ，从投资架构到反垄断审查，处处藏着不少坑。 1、交易文件关注要点 一一一一一一一一、、、、、、、、 CCCCCCCCVVVVVVVVCCCCCCCC 的的的的的的的的投投投投投投投投资资资资资资资资特特特特特特特特点点点点点点点点 1、CVC和IVC的区别 | | | 独立风险投资 (IVC) | 企业风险投资 (CVC) | | | --- | --- | --- | --- | --- | | 投资基础 | | 成功投资的声誉 | 公司商业、技术成功的声誉 | | | | | 投资团队水平、过往业绩 | 公司内部执行经验 | | | 投资目标 | | 财务回报 | 业务整合和协同、前沿领域的早期竞争优势（技术、市 场、团队等）、早期干预潜在竞争对手的独立成长 | | | 窓原优势 | | 专业的投资团队和投资关系网络 | 产业经验和资源,可以向被投企业提供商业合作机会 | | | 募资环节 | | 有 ...

Core Viewpoint - The article discusses the transition from a mercantilist trade system dominated by the British East India Company to a more decentralized and spontaneous free trade era characterized by "scatter merchants" in the context of global history [2][3][4]. Group 1: Historical Context - The British government utilized the East India Company to engage in the opium trade, instigating the Opium Wars to control trade with China, leading to the company's eventual dissolution and the end of the Silver Age [2][3]. - The Silver Age was marked by the British Industrial Revolution and free trade, culminating in significant historical events such as the bankruptcy of the East India Company and the destruction of the Old Summer Palace during the Second Opium War [2][3]. Group 2: The Role of "Scatter Merchants" - The book "Mr. Smith Goes to China" by Han Jiexie focuses on the activities of three Scottish merchants named George Smith, whose trade activities in India and China illustrate the rise of the British global empire [2][3]. - These merchants operated during the Qianlong period, and their trade demands prompted the Macartney Mission to China, contributing to the development of a global trade network [3][4]. Group 3: Trade Dynamics - The trade triangle formed between Britain, India, and China involved the exchange of goods such as tea, silver, cotton, and opium, shaping the economic geography of modern Asia [5][6]. - The East India Company collaborated with the Cohong (Thirteen Hongs) to create a trade and financial system known as the "Guangzhou System," which was later disrupted by the activities of the "Smiths" [5][6]. Group 4: Financial Operations - The "Smiths" provided high-risk loans to Chinese merchants at interest rates of 18%-22%, which, while lower than the legal rate of 36%, led to widespread defaults and contributed to the 1779 Guangzhou financial crisis [7][8]. - They utilized the East India Company's financial system to facilitate the flow of silver from India to Guangzhou, supporting the company's tea purchases, with significant amounts of silver injected into the system [6][7]. Group 5: Impact on Trade Policies - The actions of the "Smiths" challenged the monopoly of the East India Company, leading to a shift in British colonial policy towards more liberal trade practices, culminating in the repeal of the company's trading privileges in 1813 [9][10]. - The article highlights the inherent contradictions in the relationship between the "Smiths" and the East India Company, characterized by both dependency and a desire to undermine the company's monopoly [6][9]. Group 6: The Role of Scottish Merchants - Scottish merchants were significantly more active in trade compared to their English counterparts, driven by a historical context of conquest and subjugation, which fostered a spirit of independence and opposition to monopolistic practices [10][11]. - The "Smiths" embodied the ideals of Adam Smith's free trade philosophy, acting as practitioners of these ideas in the context of the global economy [9][10].

导读 ： 为解决公用事业领域垄断案件多发问题，除了持续完善法规建设、严格监管处罚之外，还需要针对其自身特 点研究出台更有针对性的措施，努力从根本上解决问题。 作者 | 一财评论员 2025.05. 26 本文字数：1647，阅读时长大约3分钟 23日，国家市场监督管理总局召开公用事业领域反垄断合规指导会，对公用事业领域经营者加强反 垄断合规开展指导。会议指出，公用事业领域垄断案件较为多发，部分企业利用垄断优势向上下游竞 争性环节延伸，损害其他经营者和人民群众的合法权益，市场监管部门将加强公用事业领域反垄断监 管执法。 水电气热等公用事业是居民生产生活的重要保障，与居民切实利益密切相关，也具有高度敏感性。近 年来，虽然市场监管等部门对公用事业领域垄断行为进行了持续规范，公布了一些相关处罚典型案 例，但当前这一领域垄断案件仍处在多发阶段。 监管执法基础，为公用企业提供明确预期和清晰的行为指引。 其次是要进一步加强监管。 上述国家市场监督管理总局的会议强调，一方面，公用事业领域经营者要切实增强责任意识，高度重 视反垄断合规工作，坚持依法合规经营，自觉维护公平竞争市场秩序；另一方面，要加强公用事业领 域反垄断监管执法 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自digitimes 。 台积电2纳米将于2025年下半如期量产，客户排队投片下单盛况丝毫未减，到今年底可望有3万片 的月产能，芯片业界也传出代工报价上看3万美元。 尽管在制程技术与订单展望部分，老大哥台积可说是"没有对手"，再度横扫所有客户大单，但是半 导体供应链端仍认为，台积后续恐怕有"四大挑战"得面对。 部分供应链业者表示，台积电危机估计只增未减，四大挑战包括： 一、美国厂研发中心与抢救英特尔的底线。 二、反垄断难题。 三、关税战通膨下的成本转嫁考验。 四、地缘政治下的产能布局计画。 四大挑战考验台积电经营团队智慧 业界人士分析，首先，是因应川普（Donald Trump）的要求，宣布投入1,000亿美元扩大亚利桑那 州厂建厂大计，恐怕只是上集。 下集包括美国研发中心内容项目，以及与英特尔（Intel）的合作底线，董事长魏哲家与台积经营 团队还在精算中，这些恐都会是影响未来营运表现， 其次，是反垄断问题。 台积电在全球晶圆代工市占已逾6成，至年底将达7成，甚至更高，晶圆代工产业已形成台积电 与"非台积"两个世界。 台积电与美国政府的合作，并不能持盈保 ...