公众号记得加星标⭐️，第一时间看推送不会错过。 来源：内容 编译自 semiwiki 。 芯片需求，复苏了吗？让我们从终端的状况来了解一下。 美国智能手机进口量下降以及生产从中国转移到其他国家，主要原因是特朗普政府实施或威胁征收的 关税。拟议的关税政策前后矛盾。2025年，特朗普总统就对中国进口产品和智能手机征收关税做出了 以下声明： 智能手机生产和进口的这些趋势将很快对美国智能手机市场产生重大影响。Counterpoint Research 估计，2025 年 4 月至 5 月苹果在美国的 iPhone 销量同比增长 27%。Counterpoint 质疑，美国销量 强劲是否是因为消费者担心未来关税而现在购买。 美国智能手机库存可能很快就会耗尽，导致产品短缺和价格上涨。我们将在未来几个月内看到这些影 响。 参考链接 过去几个月，亚洲主要国家/地区的电子产品产量稳步增长。2025年4月，中国电子产品产量与去年同 期（3/12）的三个月平均变化率为11.5%，高于1月份的9.5%，但低于2024年12%的三个月平均变化 率。印度增长最为强劲，3月份产量为15%，高于六个月前的3%。韩国、越南和马来西亚4月份的三 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 来源：内容编译自路透社 。 韩国最高贸易谈判代表周日表示，本周他在华盛顿与美国官员举行第三轮关税谈判技术性讨论时，将 对美国可能对中国芯片制造商实施的限制表示担忧。 在被问及对美国可能采取政策使外国芯片制造商难以在中国经营的担忧发表评论时，韩国产业通商资 源部长官吕汉求在前往华盛顿前对记者表示："我将向业内人士传达这些担忧，并采取最大程度的谨 慎。" Yeo还表示，首尔可能不会遵守 7 月的最后期限，这意味着在美国政治和经济不确定的情况下，谈判 可能会持续到 7 月 8 日之后。 韩国目前对从中国进口的商品征收 10% 的全面关税，并对特定国家征收 25% 的关税，暂停期为 90 天。韩国在 4 月底与美国举行的首轮贸易谈判中同意在 7 月 8 日之前达成一项降低关税的贸易协 议。 Yeo本月被韩国总统李在明任命为这一职务。李在明于 6 月 3 日提前赢得大选，并在竞选期间表示， 没有必要仓促与美国达成贸易协定。 Yeo周日补充说，他将与白宫和美国国会的官员联系，讨论各种贸易问题，包括华盛顿要求韩国放宽 对美国牛肉进口的限制。 美国可能针对三星、海力士和台积电在 ...

Group 1 - The U.S. Department of Commerce is considering revoking exemptions that allow major semiconductor manufacturers like TSMC and Samsung to use U.S. technology in their factories in mainland China, raising concerns in Taiwan and South Korea [1][3] - Currently, TSMC, Samsung, and SK Hynix enjoy full exemptions, allowing them to ship U.S. chip manufacturing equipment to their factories in China without needing individual licenses [1][3] - The proposed revocation is seen as part of the U.S. government's efforts to prevent critical technology from flowing to China, although it has not yet received support from other government departments like the Department of Defense [3][4] Group 2 - If implemented, the new measures could complicate operations for global chip manufacturers in mainland China and may strain U.S. relations with Taiwan and South Korea, which have made significant investments in the U.S. [3][4] - Samsung's factories in Xi'an and Suzhou are particularly vulnerable, with the Xi'an facility accounting for approximately 40% of Samsung's global NAND flash memory production [3][4] - The potential revocation of exemptions could lead to a shift in procurement strategies for South Korean companies, possibly forcing them to consider alternatives from Japan and Europe [3][4] Group 3 - The South Korean government is urged to actively coordinate efforts to minimize the impact on national strategic industries amid increasing tech competition between the U.S. and China [4] - Taiwanese media suggest that if the U.S. proceeds with the revocation, it could inadvertently benefit China's semiconductor equipment industry [4] - The cancellation of exemptions may force companies to adopt a case-by-case application system, significantly affecting the global chip supply chain [4]

小米YU7将于6月底正式发布，7月上市。二级市场上，今年小米集团股价涨约57%，连续三年上涨。 // 小米最强小折叠登场 // 小米集团总裁卢伟冰预告，小米MIX Flip 2将于本周登场。卢伟冰表示，去年小米小折叠就提出"拒绝做美丽小废物"，能拥有直板旗舰的体验，今年我们 的目标是在更多维度看齐甚至超越Pro级直板旗舰。 （图片来源：新浪微博、下同） 目前小米MIX Flip 2已在各大平台开启预约，页面显示该机将搭载徕卡影像系统，并预装全新澎湃OS。 据爆料，这款小折叠在配置方面有不少亮点， 包括支持IPX8级别防水、配备50W无线快充，电池容量将 会超 过5000mAh 。折痕优化上取得突 破，新增了一些更贴近女性用户的定制元素，提供全新配色。 配置方面，小米MIX Flip 2搭载高通骁龙8至尊版移动平台，这不仅是小米今年第一款折叠屏，也是行业内最强小折叠。 // 小米首款SUV发布 // 小米YU7是小米汽车的首款SUV（运动型多用途汽车）车型，近期一度引发市场广泛关注。 小米雷军微博称， 大家非常期待的小米YU7，将于6月底发布 。还有很多重磅新品同场一起发布，比如搭载玄戒O1芯片的第二款平板：小 ...

每周日至每周四推送明日股市重大公告！内容包含"停复牌、增减持、投资中标、收购、业绩、解禁、 高送转"等一系列个股利好利空公告，其中重要公告均以红色标注，帮助投资者提前寻找到投资热点， 防范各类黑天鹅事件，并且有充足的时间进行分辨和寻找合适的上市公司。 前言 ①固态电池+军工+芯片+光伏+华为！这家公司目前已在布局全固态电池相关产品；②数字货币+军工+跨 境支付+云计算+区块链+低空经济+华为！这家公司为众多银行提供CIPS、数字货币桥等信息化服务；③ 跨境电商+算力+AI眼镜+华为！公司拟重组收购算力企业。 ...

Core Viewpoint -兆易创新科技集团股份有限公司 (GigaDevice) has submitted its prospectus for a listing on the Hong Kong Stock Exchange, aiming to become another "A+H" listed company, following its initial public offering (IPO) on the Shanghai Stock Exchange in 2016 [1][3]. Company Overview - GigaDevice was established in April 2005 and is headquartered in Beijing, with a registered capital of approximately 660 million RMB. The company primarily focuses on integrated circuit design and research, adopting a fabless business model [3][5]. - The company offers a diverse range of chip products, including Flash, niche DRAM, MCU, analog chips, and sensor chips, along with corresponding algorithms and software solutions [5]. Financial Performance - GigaDevice's revenue for 2022, 2023, and 2024 was approximately 8.13 billion RMB, 5.76 billion RMB, and 7.36 billion RMB, respectively. The gross profit for the same years was about 3.70 billion RMB, 1.75 billion RMB, and 2.62 billion RMB, while the net profit was approximately 2.05 billion RMB, 161 million RMB, and 1.10 billion RMB [6][9]. - The company experienced a significant revenue decline of 29.14% in 2023 compared to 2022, with net profit dropping by 92.15% due to a substantial decrease in product prices [8][9]. Market Position - According to a report by Frost & Sullivan, GigaDevice is the only integrated circuit design company globally ranked in the top ten across NOR Flash, SLC NAND Flash, niche DRAM, and MCU sectors as of 2024 [5]. - In 2023, the company shipped 3.12 billion units of products, marking a year-on-year increase of 12.98%. However, the average selling price across all product lines declined, leading to a drop in gross margin from 47.66% to 34.42% [9][11]. Future Outlook - GigaDevice anticipates a recovery in performance for 2024, projecting a revenue increase of 27.69% to 7.36 billion RMB and a net profit growth of 584.21% to 1.10 billion RMB, driven by improved market demand and inventory replenishment [9][10]. - Despite the anticipated growth, the company's revenue and net profit for 2024 remain below the levels achieved in 2022 [11].

Investment Rating - The industry investment rating is "Overweight" [1] Core Views - The domestic storage giants, CXMT and YMTC, have both achieved quarterly revenues exceeding 1 billion USD in Q1 2025, marking a significant milestone in breaking the long-standing international monopoly in the storage market [3][12] - The global storage market is expected to reach a scale of 167 billion USD in 2024, with a projected growth of 12% for NAND Flash and 15% for DRAM Bit capacity in 2025, driven by the acceleration of AI server deployments and growth in consumer electronics [18][27] - CXMT is expected to increase its DRAM production capacity by nearly 50% this year, with market share projected to rise from 6% to 8% by year-end [4][20] Summary by Sections Market Performance Review - During the week of June 16 to June 20, 2025, the Shanghai Composite Index fell by 0.57%, while the Shenzhen Component Index and the ChiNext Index decreased by 0.46% and 0.88%, respectively. The semiconductor sector, represented by the Shenwan Electronics Index, saw a decline of 2.17% [3][29] - The best-performing sector was LED with a decline of 0.46%, while integrated circuit packaging and testing showed a weaker performance with a drop of 3.5% [29] Key Developments in the Industry - CXMT is transitioning its production from DDR4/LPDDR4 to DDR5/LPDDR5, with market shares for DDR5/LPDDR5 expected to rise from approximately 1% to 7% and 9%, respectively [20] - YMTC has successfully achieved mass production of 294-layer 3D NAND and is advancing towards 300-layer NAND development, enhancing its competitive edge in the global market [5][13] Company-Specific Insights - CXMT has become a leader in the domestic DRAM industry, with its production base in Hefei continuously increasing capacity and improving technology to align with international standards [12][19] - The successful emergence of CXMT and YMTC is expected to inspire other domestic storage companies, leading to technological upgrades and development across the entire industry [4][19]

Group 1 - The 2025 China Biomedical Engineering Conference and Innovation Medical Summit opened in Suzhou, highlighting the city's role as a hub for biomedical innovation and high-end medical device R&D [1][2] - The conference aims to encourage young scholars to showcase their talents and achievements, fostering collaboration between the China Biomedical Engineering Society and Suzhou in talent cultivation, technology R&D, and achievement transformation [1] - The conference theme is "Integration of Medicine and Engineering, Innovation Leading the Future," focusing on key areas such as artificial intelligence, smart healthcare, nanomedicine, organoids and organ-on-chip technology, regenerative medicine, medical imaging, medical robotics, biomanufacturing, and life support systems [2] Group 2 - The conference features keynote speeches from academicians, annual thematic forums, 21 sub-venues, and 15 sub-forums, along with competitions for young papers, innovative project roadshows, and entrepreneurship contests for comprehensive academic exchange and achievement display [2] - The opening ceremony included the awarding of the Huang Jiasu Biomedical Engineering Award for 2024-2025 and the presentation of fellow certificates from the China Biomedical Engineering Society [2]

Core Viewpoint - The establishment of Ningbo Oriental Institute of Technology, funded by Yu Renrong, marks a significant investment in higher education in China, with a total investment exceeding 30 billion yuan aimed at creating a new model of research-oriented university focused on internationalization and specialized education [1][4][9]. Group 1: University Establishment - Ningbo Oriental Institute of Technology has recently received approval from the Ministry of Education to establish the university, which is positioned as a private institution in Zhejiang Province [2][6]. - The university aims to develop a specialized academic system focusing on four main disciplines: science, engineering, information technology, and business, while also incorporating humanities and social sciences [8][9]. Group 2: Financial Investment - The Ningbo municipal government has allocated 16 billion yuan for the campus site, with a total planned area of approximately 2,300 acres (about 1.5 million square meters) [9]. - Yu Renrong's education foundation will invest 10 billion yuan in infrastructure and over 20 billion yuan in operational funding, bringing the total investment to over 30 billion yuan [9]. Group 3: Academic Development - The university plans to enroll its first batch of undergraduate students this year, offering programs in foundational sciences, intelligent manufacturing engineering, electronic science and technology, and computer science [9][10]. - The institution has already established a high-level faculty team, attracting 16 academicians and 52 national-level talents, and has partnered with renowned universities for graduate training [11]. Group 4: Research Focus - The university emphasizes its mission to serve national development and social progress, focusing on foundational research and cutting-edge interdisciplinary fields such as artificial intelligence, integrated circuits, and new energy [10][11].

Core Viewpoint - The article discusses the implications of the recent tariff policies implemented by the Trump administration, highlighting the adverse effects on the U.S. economy and international relations, suggesting that these policies have failed to deliver the intended benefits [1][10]. Domestic Impact - The tariff policies have led to significant inflation, with Yale University estimating an annual increase of $3,800 in household expenses for American families by 2025, particularly affecting prices of automobiles and electronics [3]. - Major retailers like Walmart are facing rising costs, prompting them to forecast price increases and plan layoffs of approximately 1,500 employees [3]. - A survey by the American Supply Management Association indicates that the manufacturing sector has suffered severely, with a reduction of 8,000 jobs in the previous month due to the tariffs [3]. - Public discontent regarding the tariffs has surged, leading to protests across all 50 states, particularly among the middle class and small business owners [3]. International Response - In retaliation to U.S. tariffs, China imposed a 15% tariff on U.S. coal and liquefied natural gas, and later an 84% counter-tariff, while also collaborating with 37 countries to challenge the U.S. at the WTO [4]. - Canada has shifted its export focus towards the Asia-Pacific region, with a 21% increase in exports to China from January to April 2025 [4]. - The European Union and Japan have also expressed their intent to counter U.S. tariffs, with Japan emphasizing that it will not compromise its interests in trade negotiations [4]. Trade Negotiations - The article mentions a potential "rare earths for chips" agreement between the U.S. and China, indicating a shift in negotiation dynamics, although it highlights Trump's tendency to misrepresent negotiations for personal gain [6]. - The U.S. pharmaceutical industry faces challenges due to proposed tariffs on imported drugs, which could disrupt supply chains and increase drug prices, particularly affecting the availability of affordable generic medications [7]. Overall Economic Outlook - The article concludes that the U.S. should abandon unilateral and hegemonic approaches to trade and instead engage in rational negotiations based on mutual respect and benefit, as ongoing trade disputes could harm the global economy and the U.S. itself [10].