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《保险研究》2025年第5期目录
Sou Hu Cai Jing· 2025-05-17 00:47
Group 1 - The core argument of the article is that public data openness can significantly enhance patient capital, particularly from the perspective of insurance capital holdings in strategic emerging industries listed on the A-share market from 2010 to 2022 [2] - The study utilizes a difference-in-differences model to analyze the impact of provincial data openness on insurance capital holdings, finding a notable increase in insurance capital holdings in local strategic emerging industries after the establishment of provincial data openness platforms [2] - Key mechanisms identified include breaking down information barriers and increasing holding willingness, which help insurance institutions expand their information acquisition channels and improve information quality [2] Group 2 - The research indicates that public data openness significantly reduces the risks associated with insurance capital holdings while enhancing holding returns [2] - The positive effects of public data openness on insurance capital holdings are more pronounced in samples with low external attention, severe financing constraints, and high levels of data openness in their regions [2] - An increase in insurance capital holdings contributes to the growth of patient capital and promotes the upgrading of human capital in strategic emerging industry listed companies, positively impacting their new productive capacity development [2] Group 3 - The article provides important policy implications for advancing digital economy strategies and enhancing patient capital through the exploration of the economic consequences of public data openness [2]
一场火灾,烧出全球芯片的软肋
半导体行业观察· 2025-05-01 02:56
2000年,一场由闪电引发的大火在美国新墨西哥州阿尔伯克基的一家半导体工厂燃烧了十分钟, 却在万里之外的斯堪的纳维亚引发了一场企业危机,动摇了21世纪初欧洲两大电子巨头——诺基 亚和爱立信之间的力量平衡。 正是这场火灾,重塑了我们今天所熟知的芯片供应链。 一场意外 2000年3月17日晚8点左右,一道闪电击中新墨西哥州的一条输电线,导致全州电力波动。是电压 突升还是骤降,当时并不清楚——但这引发了22号生产线的大火,尽管飞利浦员工迅速扑灭火 焰,但破坏已然发生。 现场一片狼藉:塑料天花板结构散落在地面上,8盘硅片——足以生产成千上万个手机芯片—— 卡在火源集中处的炉子里,全部报废。整个工厂因自动喷水系统启动而受到了严重水损,烟雾颗 粒渗入工厂最核心的无尘室,污染了那里储存的数百万颗芯片。这些比婴儿小指指甲还小的硅 片,是手机完成诸如声音放大、无线电频率捕捉等功能的基础。 工 厂 初 步 调 查 结 论 很 快 就 明 确 : 修 复 损 毁 至 少 需 一 周 , 可 能 更 久 。 " 就 像 魔 鬼 在 跟 我 们 开 玩 笑,"一位参与清理的飞利浦高管说,"喷水和烟雾一起作用,一切都出了问题。" 加快清 ...