十年前，商业竞争的方式是比同行卖得更便宜；十年后，商业竞争的方式是指责同行低价内卷。十年 前，"价格屠夫"是对企业的至高褒奖，十年后，它成了伤害经济的元凶。 以下文章来源于远川研究所 ，作者李墨天 远川研究所 . 刻画这个时代 来 源丨远川研究所 （ID： caijingyanjiu ） 作者丨 李墨天 图源丨摄图网 商家甚嚣尘上的抱怨，工厂寥寥无几的利润，消费者对质量问题的担忧，源头仿佛都指向低价。 由于价格无限压低，工厂无法提高产品质量，商家缺少利润维持经营，员工收入难以覆盖消费需求， 似乎形成了某种逻辑闭环。 那么，如果能"守护价格底线"，让商品价格稳定上涨，实现所谓"消费升级"，企业就可以打造品牌升 级技术，产业链从业者的收入也会稳定增长，继而反哺企业营收，似乎又能形成某种良性循环。 这套看似无懈可击的叙事，恰恰忽视的整个过程中最复杂、最深奥、最关键的环节： 当一件商品的价 格上涨，它对应提升的 附加值 在哪里？ 低价从何而来？ 无论工业皇冠上的明珠，还是工业皇冠上的边角料，大规模标准化生产的结果，一定是低价。 上到汽车和芯片，下到垃圾袋和餐巾纸，只要生产规模扩张，生产成本就会被摊薄。稍微接触过制造 ...

新华财经纽约6月25日电（刘亚南李维真）随着投资者消化此前两个交易日的涨幅，纽约股市三大股指 25日高开后震荡回落，收盘时三大股指涨跌不一。 截至当天收盘，道琼斯工业平均指数比前一交易日下跌106.59点，收于42982.43点，跌幅为0.25%；标 准普尔500种股票指数下跌0.02点，收于6092.16点，跌幅接近于零；纳斯达克综合指数上涨61.02点，收 于19973.55点，涨幅为0.31%。 板块方面，标普500指数十一大板块八跌三涨。房地产板块和必需消费品板块分别以2.46%和1.39%跌幅 领跌，科技板块和通信服务板块分别以1.18%和0.51%涨幅领涨。 美国商务部当日上午发布的数据显示，美国5月份新房销量年率为62.3万套，显著低于市场预期的69.4万 套，4 月份数据则从74.3万套修订为72.2万套。 个股方面，社交约会软件Bumble股价大涨近20%。该公司宣布将裁减约30%的员工，即约240个岗位， 旨在通过重组优化战略执行。公司表示，此举将每年节省4000万美元，并计划将节省下来的资金投入新 产品和技术的开发。尽管该公司股价在今年下跌近24%，但此次裁员计划的公布引发了股价的强劲反 ...

市场消息：越南总理建议鸿海在该国开设芯片工厂。 ...

Core Viewpoint - The company Canaan Inc. (CAN) is gradually abandoning its artificial intelligence (AI) semiconductor business to refocus on its core cryptocurrency operations, particularly Bitcoin mining [1][2]. Group 1: Company Strategy - Canaan's AI division is projected to generate only $900,000 in revenue for 2024, compared to total revenue of $269.3 million, indicating a misalignment with the company's long-term strategy [1]. - The CEO, Zhang Nengeng, emphasized that reinforcing the company's core strengths in cryptocurrency infrastructure and Bitcoin mining is the most strategically significant path forward [1]. - The decision to exit the AI sector follows years of attempts to enter the edge computing chip market, reflecting a shift in focus back to Bitcoin mining amid rising interest in "Made in America" Bitcoin [2]. Group 2: Financial Performance - Canaan's stock price experienced a slight decline, with a year-to-date drop of 71%, while the overall digital asset and stock markets have shown an upward trend [2]. - The Bitcoin mining ETF WGMI has also seen a decline of approximately 20% [2]. Group 3: AI Chip Development - Canaan launched its first AI chip, K210, in 2018, targeting the IoT market with capabilities in machine vision and auditory processing [3]. - The K210 chip features a RISC-V CPU and supports various applications, including real-time object detection and recognition [4]. - Canaan has developed four generations of AI chips, with the K510 being a high-precision AI edge inference chip and the K230 designed for low-power, high-performance applications in smart products [6].

Group 1 - The core viewpoint of the articles highlights the successful hosting of the Dingjie Smart 2025 Digital Future Summit, which gathered nearly 1,000 participants to discuss the acceleration of AI in driving business scenarios and productivity innovation [1] - The company is leveraging its multi-modal large model and Agent development platform to empower enterprises and ISV partners to quickly build AI Agent applications, integrating capabilities from various general large models [2] - Dingjie Smart has established a collaborative initiative with Wuhan City and Huazhong University of Science and Technology to promote the integration of the digital economy industry [2] Group 2 - The chip manufacturing industry is seeing strengthened advantages, with successful implementations in automotive parts and other sectors, showcasing replicable benchmark cases across various industries [3] - Dingjie Smart has deepened cooperation with semiconductor packaging company Zhongke Zhixin, implementing a series of digital solutions, and has also introduced its PLM system to IC design company Jichuang Beifang [3] - The company serves over 600 industry clients, with 37% being top IC design firms, indicating a growing accumulation of client and solution advantages in the semiconductor sector [3] Group 3 - Dingjie Smart is actively expanding its presence in the Chinese market while also extending into broader overseas markets, focusing on integrated solutions for enterprises [4] - The company has achieved over 90% localization in its Southeast Asia teams, enhancing its local talent pool in Thailand, Vietnam, and Malaysia [4] - Revenue projections for 2025-2027 are estimated at 2.669 billion, 3.067 billion, and 3.465 billion yuan, with corresponding net profit forecasts of 202 million, 269 million, and 336 million yuan, reflecting significant growth rates [4]

公众号记得加星标⭐️，第一时间看推送不会错过。 来源：内容来自半导体行业观察综合 。 达勒姆芯片制造商 Wolfspeed 宣布将根据第 11 章破产法进行重组以整合债务。 根据 Wolfspeed 的一份声明，该公司与主要贷方达成了重组支持协议，他们表示该协议将"积极加强 公司的资本结构"。 周四，WRAL 报道称，该公司正在与贷款机构进行谈判，希望贷款机构能够帮助该公司根据第 11 章 破产计划进行重组。 据该公司称，该计划将消除其67亿美元总债务中的约70%。该提议还将赋予Wolfspeed债权人对公司 的控制权。 首席执行官罗伯特·费尔勒 (Robert Feurle) 表示，Wolfpseed 最大的贷款方已经同意了该计划，他相 信其他贷款方也会批准该计划。 在半导体需求疲软的情况下，此次重组是该公司偿还债务和削减成本的举措之一。 该公司面临的其他挑战包括从老旧设施转移，以及特朗普政府反对拜登时代的《芯片与科学法案》。 该法案原本将为Wolfspeed提供约17.5亿美元的联邦拨款和税收抵免，但现在情况尚不确定。 自 2024 年以来，Wolfspeed 的股价已下跌约 96%。 有关 RSA 的其 ...

Core Viewpoint - The article discusses the ambitious development of the SG2380, a RISC-V SoC designed by SOPHGO, aiming to create a desktop-level chip that integrates general computing, AI acceleration, and desktop I/O capabilities, marking a significant step for RISC-V in the desktop market [3][4][6]. Group 1: Introduction to SG2380 - The SG2380 is positioned as the first desktop-level RISC-V SoC, featuring a 64-core architecture and advanced specifications aimed at running large models and performing local AI inference [3][4]. - SOPHGO, previously known for AI inference chips, has transitioned to developing the SG2380, which is designed to be a commercially viable product rather than just a development board [4][5]. Group 2: Technical Architecture - The SG2380 employs a "sandwich architecture" combining SiFive's P670 cores, X280 vector cores, and SOPHON TPU for AI acceleration, aiming for a balanced performance across various computing tasks [7][10]. - The architecture includes 16 cores with a maximum frequency of 2.5GHz, supporting advanced vector instructions and high memory bandwidth, which is crucial for desktop applications [10][11]. Group 3: I/O and Peripheral Support - The SG2380 features a PCIe Gen4 ×16 interface, allowing for high bandwidth connections to GPUs and other peripherals, which is a significant advantage over competitors [16][17]. - It supports a wide range of I/O options, including LPDDR5 memory, multiple USB ports, and various display outputs, making it suitable for a comprehensive desktop ecosystem [18][19]. Group 4: Community and Market Response - The launch of the SG2380 generated significant interest in the RISC-V community, with a partner company, Milk-V, quickly moving to develop a compatible motherboard, indicating strong market demand [21][22]. - The pre-sale of the Milk-V Oasis motherboard was met with enthusiasm, selling thousands of coupons based solely on the SG2380's specifications, reflecting a belief in the potential of RISC-V for desktop applications [23][24]. Group 5: Challenges and Setbacks - Despite the initial excitement, the project faced numerous challenges, including complex scheduling issues and the need for robust software support, which could hinder its successful implementation [27][29]. - The SG2380's tape-out was delayed multiple times due to supply chain issues and technical challenges, leading to growing skepticism within the community [33][34]. Group 6: Regulatory Impact - The project faced a significant setback when SOPHGO was added to the U.S. Entity List, which prohibited access to essential technologies and services, effectively halting the SG2380's development [41][43]. - The announcement of the entity listing led to the cancellation of the SG2380 project and the refund of pre-sale deposits, marking a disappointing end to the ambitious initiative [45][46]. Group 7: Conclusion and Implications - The SG2380's story highlights the challenges faced by domestic RISC-V projects in navigating technical, market, and geopolitical landscapes, emphasizing the need for a supportive ecosystem for successful chip development [66][70]. - The project serves as a reminder that achieving a viable product in the semiconductor industry requires not only innovative design but also the ability to overcome external pressures and logistical hurdles [69][70].

眼看着优势越来越小，美国现在越来越急了，纽约时报发文声称：现在已经到了中国超越美国的分水 岭。为了打压遏制我们，美国出招也越来越狠。 然而这一次我国却不再惯着他们，直接告诫全球：谁敢配合美国，就让他们付出代价！ 一、美国急了？ 5月19日美国纽约时报发布了一篇文章，在这篇文章中，美国焦急的心态一览无余。文章认为，在特朗 普的治理之下，中国正在加速实现对美国的反超。 未来的世界将会是一个属于中国的世界，全球的格局将会由中国主导，等到将来人们回首再来看这段历 史就会发现，特朗普的这一任期正是分水岭。 但中国却不一样，中国非常重视新兴科技的研发，大量投入资金支持相关产业，在美国原本引以为傲的 很多方面，中国都在形成强有力的竞争。比如人工智能、新能源汽车等等，比亚迪的汽车销量已经把特 斯拉甩在身后。 正是因为特朗普围绕关税战展开的各种短视政策才导致这一局面，因为这极大地损害了美国的创新能 力，从长远来看对美国的竞争能力有着致命性的削弱。 因为关税战出来之后，美国企业在全球供应链和市场当中的优势就小了，再加上特朗普又一直裁员、削 减支出，已经有越来越多的研究人员受不了这些政策跑路，在一些新的科研项目上，由于缺少资金也很 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自 Trendforce 。 据报道，三星寄希望于其在1c DRAM领域的进展，希望扭转HBM4时代的颓势，并大幅提升了良 率。据Sedaily报道，该公司最近在其第六代10纳米级DRAM（1c DRAM）晶圆的测试中实现了 50%至70%的良率，较去年的不足30%的水平大幅提升。 值得注意的是，与SK海力士和美光坚持使用更为成熟的HBM4 1b DRAM不同，三星正在大胆押 注下一代1c DRAM。据ZDNet报道，随着良率的稳步提升，该公司计划在其华城和平泽工厂提高 1c DRAM的产量，投资预计将于年底开始。 Sedaily 报道称，鉴于 DRAM 作为 HBM 核心组件的作用，这一进展也预示着三星的 HBM4 量产 计划将在今年晚些时候启动。 值得注意的是，据 Sedaily 援引业内消息人士称，凭借雄厚的现金储备和丰富的制造专业知识，三 星可能会重新审视其旧策略——利用规模经济来削减成本，并在 HBM4 时代凭借绝对的产量超越 竞争对手。 不过，据韩国媒体The Bell报道，与三星不同，SK海力士在1c DRAM的投资上采取了更为谨慎的 立场。 ...

Monetary Policy - The Federal Reserve maintained interest rates and indicated two potential rate cuts this year, while Chairman Powell warned of rising inflation due to proposed tariffs [4][5][6] - Powell stated that inflation is expected to rise in the coming months as tariffs will increase consumer costs, emphasizing the need for data-driven decisions [6][11] - The Fed's new economic forecasts suggest a moderate stagflation scenario, with a projected growth rate of 1.4% and an unemployment rate of 4.5% by 2025, alongside an inflation rate of 3% [4][8] Brazil's Monetary Policy - Brazil's central bank raised the benchmark interest rate by 25 basis points to 15% and hinted at a pause in tightening to assess the impact on inflation and economic activity [12][13] - The central bank has raised rates a total of 4.5 percentage points since September of the previous year, with inflation predictions remaining above the target until 2028 [13] Automotive Industry - Ferrari has postponed the launch of its second electric vehicle to at least 2028 due to weak demand for high-performance electric cars [66][69] - Polestar received a $200 million investment from Geely's founder Li Shufu to support its operations [79] - Jianghuai Automobile Group signed a strategic cooperation agreement with Huawei to enhance their partnership in smart vehicle solutions [80] Semiconductor Industry - Texas Instruments announced plans to invest over $60 billion in the U.S. to build seven semiconductor factories, marking a significant investment in domestic manufacturing [45][49] - The investment aims to create 60,000 jobs and is seen as a response to the competitive landscape, particularly against Chinese rivals [49] Artificial Intelligence - China has registered 433 large AI models, emphasizing the integration of AI technology in various sectors [20][21] - Baidu launched the first highly integrated multimodal digital human, showcasing advancements in AI technology [24] - Alibaba released an upgraded version of its Qwen3 AI model compatible with Apple's MLX architecture, indicating a strategic partnership in AI development [25][26] Renewable Energy and Materials - A Chinese research team has developed a new semi-transparent photoanode device to enhance solar water-splitting efficiency, contributing to the advancement of artificial leaf technology [44] - Yingshi plans to invest 650 million yuan in Inner Mongolia for a rare earth permanent magnet materials project, with the first phase expected to cost 400 million yuan [54][56] Quantum Security - Guoxin Technology successfully tested its new quantum-resistant security card, which supports both traditional and quantum-resistant algorithms, enhancing data security against quantum computing threats [57][58][60] Transportation and Logistics - The "Jinhua-Bashi-Baku" international transport corridor launched its first freight train, marking a new logistics route through Central Asia to Azerbaijan [18]