证券日报网讯 立讯精密11月26日发布公告，在公司回答调研者提问时表示，AI算力平台带来的巨大机 遇是在最近24个月内涌现的。立讯在竞争激烈的消费电子供应链中生存并发展壮大，深知其中的挑战。 公司也看到，许多优秀的大客户正在积极吸引供应链人才，这不仅仅是成本问题，更是基于交付的稳定 性和效率的考量。因此，公司认为未来的供应链格局将与现在大不相同。公司在设定目标时，会深入分 析客户的痛点，思考如何解决他们当前和未来的需求。公司也会研究赛道上友商的优势，不仅要拥有他 们所具备的能力，更要寻求超越。这是公司从消费电子时代至今一贯的方法论。公司做事情的方法论， 无论是从市场、技术、工艺还是材料层面，都力求实现"拆无可拆"，即深入分析客户和竞争对手的每一 个环节，理解他们为何能做到，以及公司如何做得更好。 （编辑 丛可心 王雪儿） ...

Core Insights - The article discusses the liquid cooling market, which is projected to be worth hundreds of billions, and highlights a recent order received by a liquid cooling company from a major overseas tech firm [1] Liquid Cooling Supply Chain - Liquid cooling solutions are not fully customized but are flexibly adapted based on customer needs, with cold plate technology being a standardized core component [3][4] - Different customer requirements lead to system-level adjustments, such as variations in CDU configurations and manifold designs, necessitating tailored solutions for each project [3][4] Collaboration with Major Companies - The article analyzes partnerships between leading liquid cooling companies and major CSPs, emphasizing the importance of collaboration to ensure stable supply chains [5][6] - The partnership with Meta focuses on providing a complete liquid cooling solution, including cold plates and integrated systems, with a significant emphasis on collaboration with manufacturers like 天弘 [5][6] - Google, having more experience in liquid cooling technology, has specific requirements for CDU and is working with 天弘 and 富士康 to develop solutions [6] - Major companies are diversifying their supplier base to mitigate risks associated with relying solely on Taiwanese manufacturers, ensuring timely delivery of critical components [6][7] Technical Trends - The mainstream technology in the liquid cooling industry remains single-direction cold plate design, favored by companies like Meta and Google for its superior temperature control and reliability [9] - Alternative technologies, such as large-area cold plates and phase change cooling, are not yet widely adopted due to their inherent challenges [9] - Specific product configurations vary, with examples including Meta's ASIC chip project, which features a cabinet containing 64 ASIC cards, highlighting the increasing demand for efficient cooling solutions [9]

自4月以来，特朗普多次对中国输美商品进行加征关税，如今关税已加到245%，无疑是宣布终止与中国进行贸易。 但特朗普加征关税的行为，正如人民网近日的一组漫画阐述的观点一样，等于是搬起石头砸自己的脚。 库克称，受美国关税政策影响，预计苹果在第三财季（2025年3月30日至6月28日）将损失约9亿美元，这笔金额相当于65亿人民币。 这反映了苹果作为高度依赖中国供应链的美国企业，当前正面临的困境，更揭示了特朗普对华加征245%关税政策，也会对美国科技领军企业造成系统性的 冲击。 受关税政策，中国有很多企业受到了一定影响，但同时美国科技公司也受到了同等的影响，苹果便是其中之一。 苹果CEO库克在2025财年第二财季财报电话会议上的表态如同一记警钟，震撼了整个科技产业界。 苹果之所以会出现约65亿的巨额损失，主要是因为关税政策会导致美国市场的iPhone成本翻倍，受此影响下，苹果似乎也只有两条路可以走。 第一种是将关税成本全额转嫁给消费者，届时美国市场的iPhone可能面临翻倍涨幅，如此一来美国消费者购买iPhone的频次就会大幅降低。 另一种是苹果通过在全球市场涨价的方式，弥补美国关税造成的损失，但在其它国家和地区涨价 ...