Core Viewpoint - Analog Devices (ADI) is expected to report a strong Q2 performance with a revenue growth of 16.3% year-over-year, reaching $2.51 billion, contrasting with a 33.8% decline in the same period last year [1] Group 1: Financial Performance Expectations - The adjusted earnings per share (EPS) for Analog Devices is projected to be $1.70 [1] - In the previous quarter, Analog Devices exceeded analyst expectations with a revenue of $2.42 billion, a year-over-year decline of 3.6% [1] - Analysts expect Q2 revenue to reach $2.51 billion, a year-over-year increase of 16% and a quarter-over-quarter increase of 3.4% [2] Group 2: Market and Sector Analysis - Morgan Stanley highlights strong growth in the industrial and automotive sectors for Analog Devices, despite uncertainties related to semiconductor tariffs [2] - The industrial sector revenue is anticipated to be $1.15 billion, with a year-over-year growth of 15.1%, while the automotive sector is expected to generate $0.75 billion, growing 12.6% year-over-year [2] - Citigroup has raised its target price for Analog Devices from $235 to $260, citing strong order growth in the analog chip market, particularly in the industrial sector [3] Group 3: Competitive Positioning - Analog Devices has a higher exposure to the industrial market (45% of revenue) compared to Texas Instruments (34%), but may adopt a more conservative financial outlook due to tariff uncertainties [3] - Morgan Stanley considers Analog Devices to be one of the most defensive analog chip companies due to its high-quality business mix and robust profit margins [3] - Cantor Fitzgerald maintains a "neutral" rating but has increased its target price from $230 to $250, expecting the company to deliver an "outperforming report" [4]

中方强调，美方措施涉嫌构成对中国企业采取的歧视性限制措施。任何组织和个人执行或协助执行美方 措施，将涉嫌违反《中华人民共和国反外国制裁法》等法律法规，须承担相应法律责任。 创新发展、合作共赢是大势所趋。中方敦促美方立即纠正错误做法，遵守国际经贸规则，尊重其他国家 科技发展权利。中方支持全球企业按照市场原则，深入开展科技合作，实现互利共赢，共同推动科技创 新造福世界各国人民。中方密切关注美方措施执行情况，将采取坚决措施维护自身正当权益。 商务部回应美国企图全球禁用中国先进计算芯片：将采取坚决措施维护自身正当权益 智通财经5月21日电，商务部新闻发言人就美国企图全球禁用中国先进计算芯片发表谈话。中方注意 到，美国商务部近日发布指南，以所谓推定违反美出口管制为由，企图在全球禁用中国先进计算芯片， 包括特定的华为昇腾芯片。美方措施是典型的单边霸凌和保护主义做法，严重损害全球半导体产业链供 应链稳定，剥夺其他国家发展先进计算芯片和人工智能等高科技产业的权利。 中方认为，美方滥用出口管制，对中国进行遏制打压，违反国际法和国际关系基本准则，严重损害中国 企业正当权益，危害中国发展利益。 ...

Market Overview - US stock market experienced a pause in its upward trend, with the Dow Jones down 0.27%, S&P 500 down 0.39%, and Nasdaq down 0.38% [1] - The technology sector faced declines, particularly after Google's I/O developer conference, with only Tesla seeing gains among the major tech companies [1] - The Chinese concept stocks index fell for two consecutive days, although Xiaomi rose over 4% [1] Commodity and Currency Movements - The US dollar weakened, contributing to a 2% increase in gold prices, which surpassed $3300 per ounce [2] - Crude oil prices rose over 2%, influenced by reports of Israel preparing to attack Iranian nuclear facilities [2] Corporate Developments - Elon Musk stated he would remain Tesla's CEO for at least another five years unless he "dies," and confirmed plans for Robotaxi to launch in Austin, Texas by the end of June [3] - Apple plans to unveil a new AI app strategy at its WWDC event on June 9, allowing third-party developers to access large language models [4] - The first blood test for Alzheimer's disease received FDA approval and is set to launch in the US next month [5] Regulatory and Economic Updates - Brazil confirmed its first case of highly pathogenic avian influenza, leading China and the EU to suspend imports of Brazilian poultry products [6] - Multiple banks in China have lowered fixed deposit rates, with some large-denomination certificates of deposit now in the "1" range [7] - The Ministry of Finance reported that stamp duty on securities transactions reached 53.5 billion yuan from January to April, a year-on-year increase of 57.8% [8] - China's gold imports surged 73% in April, reaching an 11-month high [8] Technology and Innovation Initiatives - The Central Internet Information Office and other departments issued guidelines for advancing IPv6 deployment, aiming for 850 million active users and 1.1 billion IoT connections by the end of 2025 [12] - Zhejiang province introduced measures to support AI innovation, targeting a revenue of over 1 trillion yuan in the AI core industry by 2027 [11] Mergers and Acquisitions - Darui Electronics plans to acquire an 80% stake in Wistad, focusing on carbon fiber materials [16] - Jiewate intends to acquire a 40.89% stake in Tianyi Hexin for 319 million yuan, enhancing its signal chain product line [16] - Weiling Co. won a bid for a 74.3% stake in Jiayu Mining for 220 million yuan, expanding into non-ferrous metal resources [16]

Group 1 - Six rare earth magnet companies, including Zhongke Sanhuan and Ningbo Yunsheng, have obtained export licenses as of mid-May [1] - The approval process for export licenses is ongoing for several listed companies, including Northern Rare Earth and Guangsheng Youse [1] - The first batch of export products from Tianhe Magnetic Materials will be delivered to a German automotive company, with subsequent orders requiring individual applications [1] Group 2 - The implementation of export controls on medium and heavy rare earths is leading to a strategic revaluation, with prices rising due to higher overseas premiums and increased demand for inventory replenishment [2] - The rare earth sector is expected to see a dual increase in performance and valuation, driven by new demand from humanoid robots and the low-altitude economy [2] - The rare earth industry is positioned as a globally leading sector in the context of de-globalization, which is likely to increase overall attention on the sector [2] Group 3 - Northern Rare Earth is focusing on high-end applications such as new energy vehicles and robotics, reinforcing its strategic value as part of China's "rare earth national team" [3] - Shenghe Resources is the only mixed-ownership listed company in China's rare earth industry that spans both light and heavy rare earths, transitioning towards becoming a global supplier of key green low-carbon raw materials [3]

特朗普（资料图） 据环球网报道，美国总统特朗普第二任期执政满百日，从美股到美元再到美债，美国金融市场遭遇多 次"过山车"式的振荡。30年期美债收益率一度录得数十年来最大单周涨幅，"避风港"地位受到质疑。美 国"政府效率部"负责人马斯克曾直言。他所说的，是美国"债务时钟"网站显示的统计数据。目前，美国 国债总额已超过36.8万亿美元。中国人民大学重阳金融研究院近期发布一份报告，警告美债的"庞氏骗 局"正在进入濒临破产的前夜。 稀土（资料图） 值得注意的是，近日，中国国家出口管制工作协调机制办公室部署开展多部门专项行动，重点打击战略 矿产走私出口。会议指出，加强战略矿产资源出口管制事关国家安全和发展利益。国家对镓、锗、锑、 钨、中重稀土等战略矿产实施出口管制以来，部分境外实体与境内不法人员相互勾结，不断翻新走私出 口手法，试图逃避打击。为避免战略矿产非法外流、遏制走私势头、切实维护国家安全，同时促进合规 贸易、保障产供链稳定，打击战略矿产走私出口成为当前迫切且重要的工作任务。 中方一系列动作，已经让美国看不到迎来中国稀土的希望，对此，不甘心的特朗普，似乎有意来中国和 我们好好面谈一次。近日，特朗普再次表达了想访问 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自半导体芯闻综合 ，谢谢 。 5月19日，有记者问针对美国商务部调整芯片出口管制提问称，美国商务部网站调整了其5月12日 发布的AI芯片出口管制指南新闻稿相关表述，将"在世界任何地方使用华为昇腾芯片均违反美国出 口管制法规"调整为"警告业界使用中国先进计算机芯片，包括特定华为昇腾芯片的风险"。请问中 方对此有何评论？ 商务部新闻发言人回答表示，5月15日商务部例行新闻发布会上，中方已就相关问题阐明严正立 场。美方发布有关指南后，中方通过中美经贸磋商机制，在各层级与美方进行交涉沟通，指出美方 行为严重破坏中美日内瓦高层会谈共识，要求美方纠偏纠错。中方注意到，近日美方对指南新闻稿 相关表述进行了调整，但指南本身的歧视性措施和扭曲市场本质并没有改变。 美方滥用出口管制措施，以莫须有的罪名对中国芯片产品加严管制，甚至干涉中国公司在中国境内 使用中国自己生产的芯片，美方的手伸得太长，是典型的单边霸凌行径，中方坚决反对。美方行为 严重损害中国企业正当权益，严重威胁全球半导体产供链安全稳定，严重冲击全球科技创新。给别 人"下绊子"，不会让自己跑的更快。这种以单边保护主义 ...

大公司： 联邦快递宣布零担货运部门CEO人选，预计明年6月完成分拆 联邦快递发布声明称，随着公司零担货运部门FedEx Freight的分拆工作取得进展，集团宣布多项高管人 事任命。联邦快递美国和加拿大首席运营官约翰·A·史密斯（John A. Smith）被任命为FedEx Freight总裁 兼CEO，集团董事会副主席R·布拉德·马丁（R. Brad Martin）同意担任FedEx Freight董事会主席。两项任 命均将在先前宣布的FedEx Freight分拆完成后生效。预计2026年6月完成的分拆仍在按计划进行。 叮咚买菜启动战略升级 36氪获悉，近日，叮咚买菜创始人兼CEO梁昌霖在Q1财报电话会上宣布，公司已启动自内而外的变 革，并取得了阶段性成果。据了解，叮咚买菜内部已经自上而下地解构了原有的商品开发中心，改为10 个独立的事业部，将商品开发、运营、品控等核心部门组织在一起，由公司10位核心高管分别牵头带 队，为事业部负责。近期，叮咚买菜App还进行了改版测试，首页新增"品质之爱"专区，并上线"AI饮 食管家"、AI大模型搜索等新功能。 现代汽车今年第三次在韩暂停生产电动汽车 投融资： "数字 ...

目前而言，我国占据世界稀土市场的主要出口份额，短期内美国很难找到替代。而美国半导体、汽车和军工行业对中国稀土的依赖又非常 大，这种情况下，不管美国作何选择都是痛苦的。一方面，特朗普不愿主动向中国低头服软，另一方面，对中国稀土依赖严重的美国企业又 面临生存问题，长期下去，对美国的影响会非常大。美媒报道，特朗普政府正考虑大幅度降低对华关税，同时美国也希望中国能采取同等措 施，并且取消对美稀土出口的限制！但中国似乎并不想受制于美国，而是在同一天宣布展开多部门专项行动，重点打击战略矿产走私出口。 中方的这步棋，可不是临时起意，而是多年布局的结果。回看2023年，中国早已对包括镓、锗、锑、石墨等战略矿产实施严控，出口须经许 可。同年，中国稀土产量占全球总供应的60%以上，而在加工领域，中国控制了全球高达92%的产能，处于几乎垄断的地位。虽然2025年5月 10日至11日在瑞士的日内瓦举行了中美经贸高层会晤。会谈结束后，双方联合发布会后声明，确认此次磋商的核心突破之一，是就绝大多数 追加关税达成"取消共识"。 根据中国日报网报道，中国对镓、锗、锑、钨、中重稀土等战略矿产实施出口管制以来，部分境外实体与境内不法人员相互勾结 ...

Core Insights - The former U.S. Secretary of Commerce, Raimondo, emphasizes the urgency of maintaining a competitive edge in AI against China, stating that the U.S. must not assume it will always lead in innovation [1][3][4] - Raimondo argues that export controls can only slow down China's progress but cannot stop it, highlighting the need for the U.S. to innovate to maintain its leadership [1][3][4] - The U.S. should leverage its existing AI advantages and share technology globally to ensure that the world aligns with American standards rather than Chinese ones [1][3] Group 1 - Raimondo describes the AI competition with China as a critical technological race, asserting that the U.S. must lead and cannot afford to be second [1][3] - She warns against the assumption that the U.S. will always be at the forefront, stressing the importance of a daily sense of urgency in maintaining technological leadership [4] - The need for a strategic approach to technology diffusion is highlighted, aiming to prevent top technologies from falling into Chinese hands while promoting U.S. advancements [3][4] Group 2 - NVIDIA's CEO, Jensen Huang, echoes similar sentiments, acknowledging China's significant advancements in AI and the global distribution of AI researchers [4] - Huang criticizes the idea of restricting AI technology dissemination, arguing that it could backfire and allow China to build a strong technological ecosystem [4] - He advocates for accelerating the global spread of U.S. technology to maintain leadership in the face of rising Chinese capabilities [4]

据报道，美国和中国互相暂停关税后，稀土出口现在成为焦点，"美国《财富》杂志5月12日报道称，美国希望能保持对中国稀土的获取渠道，而中国则将其 在稀土领域的主导地位视为一种可以用来抵御美国威胁的"武器"，这使得该问题成为两国经贸协议中最须谨慎对待的部分之一。在中国的出口管制下，《财 富》杂志指出，美国希望保持稀土矿的稳定出口，也开始寻找其他稀土产地，比如格陵兰岛和乌克兰，但他们的开采程度都不及中国，开采稀土元素成本高 昂，因此很难开展。 稀土（资料图） 中方已经着手建立一个覆盖了稀土开采、提炼，稀土产品生产、出口等领域的监控体系。而这个体系所确保的，便是我国稀土资源开采、提炼技术的"绝 招"牢牢掌握在自己手中。事实上，中方接踵而至的行动不仅说明我们继续收紧稀土包围网的决心，更昭示了中方贯彻"谈，敞开大门。打，奉陪到底"这一 原则的决心：谈判？当然可以。但稀土这块的管控绝不会放松，这是中方的底线之一。 美国军工厂（资料图） 报道指出，中国稀土出口管制的影响迅速显现，美国军事、能源、高科技等一系列关键行业的生产面临中断。 在过去30年里，中国在稀土开采和提炼方面始终具有主导力。 据国际能源署数据，2023年中国占全 ...