公众号记得加星标⭐️，第一时间看推送不会错过。 中国商务部周六晚间就美方撤销三家在华半导体公司"验证最终用户"（VEU）授权的决定发表声明， 敦促美方立即纠正错误做法。 美国商务部周五宣布，将英特尔半导体（大连）有限公司、三星中国半导体有限公司和SK海力士半 导体（中国）有限公司从VEU名单中移除。中国商务部发言人周六在声明中表示，中方注意到有关情 况。该发言人表示， *免责声明：本文由作者原创。文章内容系作者个人观点，半导体行业观察转载仅为了传达一种不同的观点，不代表半导体行业观察对该 观点赞同或支持，如果有任何异议，欢迎联系半导体行业观察。 END 今天是《半导体行业观察》为您分享的第 4142 期内容，欢迎关注。 推荐阅读 半导体是一个高度全球化的产业，经过数十年发展，已成为一个由市场力量和商业决策共同塑造的、 紧密互联的生态系统。美方此举出于自身利益的驱动，将出口管制变成一种工具，将对全球半导体产 业链和供应链的稳定造成严重负面影响，对此我们表示坚决反对。 中方呼吁美方立即纠正错误做法，维护全球产业链和供应链的安全稳定。这位发言人补充说，中方将 采取必要措施，坚决维护中国企业的合法权益。 这些豁免可以 ...

8月30日，商务部新闻发言人就美国撤销三星等三家在华半导体企业"经验证最终用户"授权答记者问。 具体如下： 问：8月29日，美国商务部将英特尔半导体（大连）有限公司、三星中国半导体有限公司以及SK海力士半导体（中 国）有限公司移出"经验证最终用户"授权名单。请问中方对此有何评论？ 答：中方注意到有关情况。半导体是高度全球化的产业，经过数十年发展，已形成你中有我、我中有你的产业格局， 这是市场规律和企业选择共同作用的结果。美方此举系出于一己之私，将出口管制工具化，将对全球半导体产业链供 应链稳定产生重要不利影响，中方对此表示反对。 中方敦促美方立即纠正错误做法，维护全球产业链供应链的安全稳定。中方将采取必要措施，坚决维护企业正当权 益。 历史新低！刚刚，大跳水！发生了啥？ 集体披露！外资，全线加仓！ 美联储，降息大消息！ 万科，罕见涨停！发生了什么？ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 来源：商务部网站 责编： 刘珺宇 校 对： 杨舒欣 百万用户都在看 刚刚！证监会最新发布，吴清发声！ ...

Nearly 40% of Nvidia’s second quarter revenue came from just two companies, identified in a filing as "Customer A" and "Customer B." https://t.co/SlU4U2G8J3 ...

Core Insights - Nvidia reported record revenue of $46.7 billion for Q2, marking a 56% year-over-year increase driven by the AI data center boom [1] - Nearly 40% of this revenue came from just two customers, with one customer accounting for 23% and another for 16% of total Q2 revenue [1] - For the first half of the fiscal year, these two customers represented 20% and 15% of total revenue, respectively [1] Customer Concentration - The two major customers are classified as "direct" customers, including original equipment manufacturers (OEMs), system integrators, or distributors [2] - Indirect customers, such as cloud service providers and consumer internet companies, purchase Nvidia chips from these direct customers [2] Revenue Sources - Large cloud service providers are not likely to be the identified major customers, but they contribute significantly to Nvidia's revenue [3] - Nvidia's Chief Financial Officer stated that large cloud service providers accounted for 50% of the company's data center revenue, which represents 88% of total revenue [3] Future Prospects - Analyst Dave Novosel noted that while the concentration of revenue among a small group of customers presents a risk, these customers have substantial cash reserves and are expected to invest heavily in data centers in the coming years [6]

Core Insights - Nvidia's stock price has decreased following the release of its recent earnings report [1] Earnings Summary - The earnings report was discussed in a video published on August 28, 2025, indicating a focus on management's comments regarding the company's performance [1]

Core Insights - Oracle, Netflix, and Nvidia have shown significant year-to-date gains, each exceeding 35%, contributing to their strong performance in recent years [1] - The ten largest growth-focused U.S. companies, referred to as the "Ten Titans," now account for 38% of the S&P 500 [1] Oracle - Oracle has achieved a year-to-date total return of over 40%, raising its market capitalization above $660 billion [4] - From 2015 to 2019, Oracle's stock was relatively stagnant, gaining only 17.8% compared to the S&P 500's 56.9%, but since 2020, it has surged 345% against a 100.6% gain for the S&P 500, largely driven by the growth of Oracle Cloud Infrastructure (OCI) [5] - Oracle has transitioned from a database-first company to a comprehensive ecosystem, capturing revenue by developing its own cloud services [6] - OCI offers cost-effective solutions for data-intensive operations, particularly in industries with strict regulatory requirements, such as financial services and healthcare [7] - Despite its leadership in enterprise software and cloud services, Oracle's high valuation and aggressive spending present potential risks [8] Netflix - Netflix's stock has rebounded significantly after a decline of over 50% in 2022, which was exacerbated by competition from other streaming platforms [9] - The company's business model has remained stable, focusing on enhancing content quality and marketing strategies, including successful initiatives like cracking down on password sharing [10][11] - Netflix operates with high margins and has become a highly efficient business, although its current valuation at 52 times trailing earnings suggests it may take time to align with its growth potential [12] Nvidia - Nvidia reported a remarkable second-quarter fiscal 2026, with revenue growth of 56% and adjusted earnings per share growth of 54%, despite challenges in its China business [13][14] - The data center segment accounted for 88% of Nvidia's revenue, while non-data center revenue also grew significantly, reaching $5.49 billion, up 48% from the previous year [15] - Nvidia is experiencing unprecedented exponential growth, with a projected revenue of $54 billion for the third quarter of fiscal 2026, marking a 54% increase year-over-year [17] - Despite its impressive performance, Nvidia's valuation reflects high growth expectations, with a price-to-earnings ratio of 58.4, which could decrease significantly if earnings continue to grow [18] - Nvidia is expected to maintain its leadership among the Ten Titans, particularly if trade relations with China improve [19]

Group 1: Market Overview - Big tech companies are projected to spend $375 billion on AI infrastructure in 2023, increasing to $500 billion in 2024 [1] - The semiconductor sector is the largest expense in building AI data centers, with Nvidia being the primary beneficiary due to its leading GPUs [2] Group 2: Company Performance - Broadcom's stock price has surged over fivefold since the beginning of 2023, with a current market cap of $1.4 trillion [3] - AI revenue for Broadcom grew 46% year-over-year to $4.4 billion, with expectations of reaching $5.1 billion in the current quarter, indicating a growth rate of approximately 60% [5] - AI-related revenue now constitutes about 30% of Broadcom's total sales, with projections for continued growth [5] Group 3: Strategic Developments - Broadcom's acquisition of VMware has been a significant growth driver, with over 87% of customers transitioning to the VMware Cloud Foundation, resulting in double-digit growth in annual recurring revenue [6] Group 4: Valuation and Growth Prospects - Broadcom's stock has a forward P/E ratio of 45, indicating it is considered expensive despite strong growth in AI chip sales and margin improvements from VMware [7] - TSMC, a key player in semiconductor manufacturing, holds over two-thirds market share and is expected to maintain strong revenue growth driven by AI-related demand [9][12] Group 5: Future Outlook - TSMC anticipates AI-related revenue growth averaging mid-40% annually from 2024 to 2029, contributing to an overall revenue growth of about 20% [12] - TSMC's stock trades at a more reasonable earnings multiple of 24, with potential for significant earnings growth, positioning it to exceed a $2 trillion valuation by 2028 [13]

8月29日，射频前端芯片龙头——深圳飞骧科技正式递表港交所，开启赴港上市之路。据了解，该公司曾在2022年提交科创板上市申请，但考虑到A股上 市程序时间表的不确定性等因素，该公司在2024年10月自愿撤回A股上市申请。 飞骧科技表示，在港交所上市符合公司业务发展策略的最佳利益，港交所作为领先的国际金融市场之一，可为公司提供直接进入全球资本市场的途径，提 升筹资能力，扩大股东基础，并加强公司的国际视野。 值得注意的是，飞骧科技与A股公司国民技术（300077）股份有限公司(简称"国民技术")关系密切，其2015年成立之初，就是旨在向国民技术收购射频产 品事业部的射频功率放大器业务及相关资产、专利和专有技术。 据介绍，飞骧科技是一家专注于设计、研发和销售射频前端芯片的公司，下游应用领域包括移动智能设备、Wi-Fi产品、智能家居及其他物联网、车载通 信及卫星通信等。 在业绩方面，飞骧科技近几年也在快速进步。公司收益由截至2022年的10.21亿元增加至2023年的17.17亿元，随后增加至2024年的24.58亿元，复合年增长 率为55.1%。 飞骧科技在招股书中表示，凭借在射频行业十多年的研发经验，飞骧科技开发出 ...

Qualcomm's bold bets on AI, automotive, and IoT could transform this dividend-paying chip giant into one of tech's biggest growth stories.Qualcomm (QCOM -0.11%) is no longer just a smartphone chipmaker -- it's expanding into AI, automotive, and IoT with bold acquisitions like Alphawave. With analysts seeing 41% upside, Qualcomm may be one of the most overlooked growth and dividend plays today.Stock prices used were the market prices of Aug. 26, 2025. The video was published on Aug. 29, 2025. ...

8月29日晚间，希荻微(688173)披露半年度报告。数据显示，2025年上半年实现营业收入4.66亿元，同比 增长102.73%，归属上市公司股东的净利润为-4468.84万元，同比减亏61.98%。 据悉，在AI眼镜、AR眼镜等智能设备领域，公司已通过ODM厂商及代理商销售实现了向雷鸟、亿镜、 Meta等国内外知名厂商出货。在机器人领域，公司部分高性能芯片产品已通过代理商实现向卡诺普等 智能工业机器人领先企业销售，应用于工业机械手臂等终端领域。在AI影像领域，公司也在根据市场 需求开展下一代产品的预研，如运动相机、笔记本电脑、物联网、医疗、汽车电子、安防、工业等市 场。 收购方面，希荻微表示正在积极、有序推进中。2024年11月，希荻微发布了以发行股份及支付现金的方 式购买诚芯微100%股份并募集配套资金（以下简称"本次重大资产重组"）相关公告，2025年5月13日， 公司已收到上海证券交易所关于本次重大资产重组的审核问询函。截至半年报披露之日，上述收购项目 尚未获得上海证券交易所审核通过及中国证监会注册同意。据悉，标的公司诚芯微是一家专注于模拟及 数模混合集成电路研发、设计和销售的国家高新技术企业、国家 ...