Investment Rating - The investment rating for the electric equipment and battery industry is "Outperform the Market" (maintained) [2][7]. Core Insights - Apple has announced an additional investment of $100 billion in the U.S., bringing its total investment in the country over the next four years to $600 billion. This move may positively impact tariff exemptions for the supply chain [3][4]. - The application of steel-shell batteries in iPhones has been increasing, with expectations for significant growth in their deployment. The iPhone 16 series is set to feature one model with a steel-shell battery, while the iPhone 17 series will have two models equipped with this technology [5]. - The price of a single steel-shell battery is projected to reach $9-10, representing an increase of over 50% compared to soft-pack batteries, which will enhance the profitability of battery manufacturers [5]. Summary by Sections Apple Investment Impact - Apple's commitment to invest $100 billion in the U.S. is part of its "American Manufacturing Plan" aimed at integrating more of its supply chain domestically. This could lead to favorable tariff conditions for the industry [3][4]. Steel-Shell Battery Development - The steel-shell battery's advantages include high energy density and excellent heat dissipation. The increasing adoption in Apple's products is expected to benefit leading battery and equipment companies [5]. - The demand for new production lines for steel-shell batteries will likely result in significant order growth for equipment manufacturers, positively impacting their financial performance [5]. Company Focus - The report suggests focusing on Zhuhai Guanyu, a core supplier in Apple's battery supply chain, as it stands to benefit from the increasing application of steel-shell batteries in upcoming iPhone models [5].

Core Viewpoint - Apple announced an additional investment of $100 billion in the U.S. over the next four years, bringing its total planned investment to $600 billion, in response to pressure from President Trump [1][2]. Investment Plans - The new investment will complement Apple's previously announced $500 billion plan, which includes building a large AI server factory in Texas and creating approximately 20,000 new R&D jobs across the U.S. [1][2]. - Apple will also initiate its "American Manufacturing Plan" (AMP), aiming to shift more of its supply chain and advanced manufacturing processes to the U.S. [2]. Partnerships and Collaborations - Apple plans to deepen collaborations with ten U.S. companies, including Corning, Coherent, and Texas Instruments, to produce key components for its products [2]. - A significant investment of $2.5 billion will be allocated to support Corning's expansion project in Kentucky, which produces glass for iPhones [2]. Supply Chain Developments - Apple has signed a multi-year supply agreement with Coherent to establish an "end-to-end" supply chain for chips in the U.S., with expectations to produce 19 billion chips across 24 factories in 12 states this year [4]. - The company is currently producing many critical components, such as semiconductors and glass, in the U.S., although iPhones will continue to be assembled elsewhere for the time being [5]. Political Context - The announcement comes amid Trump's threats of punitive tariffs on the semiconductor and chip industries, positioning Apple's investment as a strategic move to mitigate potential tariffs [2][6]. - Trump's administration has expressed satisfaction with Apple's commitment, although he has indicated a desire for further commitments from the company [4]. Market Challenges - Despite a strong quarterly performance, Apple faces challenges, including a 15% decline in stock price this year and competition in AI from companies like OpenAI and Google [7].

当地时间8月6日，美国总统特朗普宣布，计划对进口的半导体加征100%关税，但是对于已经在美国建厂、或已承诺在 美国设厂的企业，都可获得这部分关税的豁免。 预计上述将在美国扩大投资的苹果供应链厂商都有望获得特朗普政府的芯片关税的豁免。 此外，台积电预计也将获得特朗普芯片关税的豁免。今年年初，在此前已经公布对美国投资650亿美元建设三座先进制 程晶圆厂的基础上，追加1000亿美元投资，再建三座尖端制程晶圆厂、两座先进封装厂和一座研发中心。 在特朗普宣布对出口至美国的芯片加征100%的关税之后，韩国政府也宣布，三星与SK 海力士也将获的特朗普芯片关税 政策的豁免资格。其中，三星已承诺将在2030年前在美国投资450亿美元，建设两座尖端制程芯片制造厂、一座研发中 心与一座先进封装设施；SK 海力士则宣布将在美国印第安纳州西拉法叶市（West Lafayette）投资38.7亿美元，建设一 座AI 內存产品的先进封装与研发中心。 编辑：芯智讯-浪客剑 随后，特朗普总统正式确认，英伟达与苹果苹果将获得豁免资格，主因是这两家公司都已在美国进行大规模投资。苹果 也同时宣布，计划在未来4年内在美国投资6000亿美元，启动"美国 ...

这一宣布对苹果而言是一项重大胜利。由于特朗普不断加大关税威胁，苹果产品的生产成本面临显著上升压力。美国市场上的大多数iPhone产自印度， Apple Watch、iPad和MacBook等其他大部分产品则产自越南。目前越南产品已被征收20%的关税，特朗普还计划对印度征收50%的关税。 今年1月，库克出席了特朗普的总统就职典礼，并为其就职委员会捐款。他曾多次为苹果的iPhone争取关税豁免。 2月，苹果承诺未来四年在美国投资5000亿美元，计划在休斯敦建设新的服务器制造工厂、在密歇根设立供应商学院、与现有供应商的新增合作等。最新的 承诺将使苹果在美投资总承诺达到6000亿美元。 美国总统特朗普8月6日表示，他计划对进口芯片和半导体征收100%的关税，但将生产转移回美国的公司将获得关税豁免。 当天，苹果公司首席执行官库克与特朗普在白宫共同宣布，苹果将在未来四年向美国公司和供应商额外投入1000亿美元。 特朗普告诉记者，"我们将对芯片和半导体征收大约100%的关税。但如果你承诺在美国建厂，或者你正在美国建厂，就没有关税。" 特朗普并未透露这项关税的实施时间表，尚不清楚有多少芯片将受其影响。 2022年，美国国会制 ...

根据预计，未来四年，苹果的"美国制造计划"将在美国直接雇佣2万人，其中绝大多数将专注于研发、芯片工程、软件开发以及人工智 能和机器学习领域。 当地时间8月6日，美国总统特朗普在副总统范斯、财政部长贝森特、商务部长卢特尼克和苹果CEO库克陪同下，在白宫椭圆办公室举行 记者会，宣布苹果公司将在今年2月承诺投资美国本土的金额基础上追加1000亿美元投资，使得未来四年对美国总投资提高到6,000亿美 元。 苹果的投资并不是由其一家公司完成，而是联合供应链合作伙伴来实施这一项雄心勃勃的全新"美国制造计划"（American Manufacturing Program，简称AMP），该计划致力于将更多苹果供应链及先进制造业务引入美国。通过实施"美国制造计划"，苹果将加大在美国各地 的投资力度，并鼓励全球企业在美国生产更多关键零部件。 据介绍，"美国制造计划"涵盖与美国本土10家企业的新合作与现有合作的深化。首批"美国制造计划"合作伙伴包括：康宁公司 （Corning）、相干公司（Coherent）、环球晶圆美国公司（GlobalWafers America，简称GWA）、应用材料公司（Applied Materials） ...

Core Viewpoint - Apple has announced a significant investment commitment of $100 billion in the U.S., accelerating its investment pace with a total planned investment of $600 billion over the next four years [1]. Group 1: Investment Plans - The new "American Manufacturing Program" (AMP) aims to bring more of Apple's supply chain and advanced manufacturing operations to the U.S. [1]. - Apple plans to directly employ 20,000 people in the U.S. over the next four years, focusing on R&D, chip engineering, software development, artificial intelligence, and machine learning [1]. - Initial partners in the AMP include Corning, Coherent, GlobalWafers America, Applied Materials, Texas Instruments, Samsung, GlobalFoundries, Amkor, and Broadcom [1]. Group 2: Impact on Partnerships - The AMP will enhance collaboration with long-term partner Corning to build the world's largest and most advanced smartphone glass production line in Harrodsburg, Kentucky [2]. - This expansion will ensure that every iPhone and Apple Watch sold globally will feature glass produced in Kentucky [2]. Group 3: Market Reaction - Following the announcement, Apple's stock price surged by 5.09%, resulting in a market capitalization increase of $153.8 billion (approximately 1,104.7 billion RMB) [3].

当地时间周三（8月6日），美股三大指数集体收涨，道指涨0.19%，纳指涨1.21%，标普500指数涨0.73%。 | 特斯拉 | 319.910 | 3.62% 7821万股 | | --- | --- | --- | | TSLA | | | | 英伟达 | 179.420 | 0.65% 1.35亿股 | | NVDA | | | | 苹果 | 213.250 | 5.09% 1.07亿股 | | AAPL | | | | 超威半导体 | 163.120 | -6.42% 1.33亿股 | | AMD | | | | 亚马逊 | 222.310 | 4.00% 5472万股 | | AMZN | | | | 微软 | | 524.940 -0.53% 2132万股 | | MSFT | | | | Meta Platforms In... 771.990 META | | 1.12% 971万股 | | META | | | | 博通 | 301.670 | 2.98% 1732万股 | | AVGO | | | | Coinbase Global I... 303.580 | | 1.88% 1595万 ...