Core Viewpoint - ASML, the global leader in lithography machines, has reached a historic high in stock price, driven by strong demand from its major client TSMC and the expansion of memory chip production [2][4]. Group 1: Stock Performance and Market Position - ASML's stock price has increased by over 6% this week, with a market capitalization surpassing $520 billion [2]. - The stock reached a market value of $526.3 billion, making it the third European stock to exceed $520 billion [3]. Group 2: Catalysts for Growth - TSMC's significant increase in capital expenditure is a key catalyst for ASML's stock surge, with a projected capital expenditure of $52-56 billion for 2026, representing a 32% year-over-year increase [4]. - Morgan Stanley has raised its forecast for TSMC's EUV lithography machine purchases from approximately 20 units to 29 units for 2026, and from 28 units to 40 units for 2027 [4]. Group 3: Future Projections - Morgan Stanley predicts that ASML's sales will reach approximately €46.8 billion in fiscal year 2027, with EBIT of €19.7 billion and a gross margin of 56.2% [5]. - The expected earnings per share for 2027 is €45.74, a 57% increase compared to the 2026 forecast [5]. Group 4: Short-term Outlook - ASML is set to release its Q4 2025 earnings report on January 28, 2026, which is anticipated to be a focal point for the tech industry [8]. - Morgan Stanley forecasts Q4 2025 orders to be €7.27 billion, significantly higher than the previous quarter's €5.4 billion [8]. Group 5: Market Trends - The high prices in the DRAM market are expected to lead to a significant expansion in production capacity, which will drive demand for ASML's EUV and DUV tools [9]. - Morgan Stanley anticipates that most capacity investments will materialize between 2026 and 2027, preparing for demand in 2027-2028 [9].

格隆汇1月17日｜阿斯麦盘初一度涨超3%报1375.37美元，再创历史新高。消息面上，摩根士丹利表 示，随着芯片制造商为满足激增的AI需求而加大支出，阿斯麦有望进一步上涨70%。 ...

两融数据显示，该股最新融资余额为33.12亿元，近5日减少8953.75万元，降幅为2.63%。 据天眼查APP显示，中微半导体设备(上海)股份有限公司成立于2004年05月31日，注册资本62614.5307 万人民币。（数据宝） 中微公司1月16日大宗交易平台共发生6笔成交，合计成交量91.74万股，成交金额3.13亿元。成交价格均 为341.32元，相对今日收盘价折价9.50%。从参与大宗交易营业部来看，机构专用席位共出现在6笔成交 的买方或卖方营业部中，合计成交金额为3.13亿元，净买入3.13亿元。 进一步统计，近3个月内该股累计发生80笔大宗交易，合计成交金额为32.74亿元。 证券时报·数据宝统计显示，中微公司今日收盘价为377.14元，上涨1.65%，日换手率为4.20%，成交额 为100.89亿元，全天主力资金净流出4837.41万元，近5日该股累计上涨12.02%，近5日资金合计净流出 4579.01万元。 1月16日中微公司大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折 | 买方营 | 卖方营业部 | | --- | --- | --- | --- | --- ...

Group 1 - The core transaction on January 16 involved a block trade of 282,500 shares of Tuojing Technology, amounting to 108.11 million yuan, with a transaction price of 382.64 yuan, reflecting a discount of 0.79% compared to the closing price of the day [2] - Over the past three months, Tuojing Technology has recorded a total of 18 block trades, with a cumulative transaction value of 1.972 billion yuan [2] - On the same day, Tuojing Technology's closing price was 385.68 yuan, showing an increase of 3.67%, with a turnover rate of 3.80% and a total trading volume of 4.091 billion yuan, indicating a net inflow of 301 million yuan from main funds [2] Group 2 - The latest margin financing balance for Tuojing Technology stands at 1.176 billion yuan, having decreased by 66.39 million yuan over the past five days, representing a decline of 5.35% [2] - In the last five days, the stock has increased by 7.26%, with a total net inflow of 19.0037 million yuan [2]

Group 1 - The Beijing Stock Exchange (BSE) has approved the IPO of China Academy of Sciences Shenyang Instrument Co., Ltd. (Zhongke Instrument), while Zhejiang Xingsheng Technology Co., Ltd. (Xingsheng Technology) has been the first company this year to have its IPO review postponed [1] - Zhongke Instrument, established in 1958, specializes in dry vacuum pumps and vacuum scientific instruments, and is recognized as a national "little giant" enterprise with significant R&D capabilities [2] - The company has shown strong revenue growth, with a compound annual growth rate (CAGR) of 25% from 2022 to 2025, and expects revenue growth of 15% to 18% in 2025 [3] Group 2 - Xingsheng Technology, focused on computer embroidery machines, has seen its revenue primarily driven by its two main products, contributing approximately 90% of its total revenue [4] - The company has reported increasing revenue from 6.00 billion to 10.30 billion from 2022 to 2025, with projected revenue growth of 31% to 50% in 2025 [4] - Concerns regarding the sustainability of overseas sales and the rationality of fundraising projects have been raised during the review process for Xingsheng Technology [5][6] Group 3 - Xingsheng Technology's sales are heavily reliant on overseas markets, particularly India and Pakistan, with about 70% of its products sold in these regions [6] - The company plans to raise 4.49 billion for its IPO, with 500 million allocated for working capital, which has prompted inquiries about the necessity of this funding [6][7] - The review committee has requested additional disclosures regarding the management of raised funds and measures to prevent conflicts of interest, as well as verification of the authenticity of sales revenue [7]

Core Viewpoint - Morgan Stanley predicts that ASML is at the beginning of its strongest profit cycle, with 2027 expected to be a peak year for profitability, projecting sales of approximately €46.8 billion and EBIT of €19.7 billion, with a gross margin of 56.2% [1][4]. Group 1: Drivers of Profit Explosion - The profit surge is driven by three main engines: strong demand from advanced logic foundries, large-scale capacity expansion in the DRAM memory sector, and better-than-expected demand performance [3][4]. - ASML's target price has been significantly raised from €1000 to €1400, maintaining its "Overweight" rating and "Top Pick" status [3][4]. Group 2: Advanced Logic Foundry Demand - TSMC's substantial increase in capital expenditure is a key catalyst, with guidance for 2026 capital spending set at $52-56 billion, a 32% year-on-year increase, with 70-80% allocated to advanced processes [7]. - Morgan Stanley has raised its EUV equipment procurement expectations for TSMC from about 20 units to 29 for 2026, and from 28 to 40 for 2027 [8][10]. Group 3: DRAM Market Dynamics - The DRAM market is experiencing unprecedented demand, with prices for HBM and general DRAM rising to near-historic levels due to capacity shortages [11][15]. - This trend is expected to last for at least 1-2 quarters, leading to significant capacity investments in DRAM manufacturing, thereby increasing demand for ASML's EUV and DUV tools [15][16]. Group 4: Demand Performance - Demand from leading memory chip manufacturers remains strong, with expectations that ASML's upcoming financial report will reflect better-than-previously guided demand [18][20]. - For Q4, ASML is expected to report orders of €7.27 billion, surpassing Q3's €5.4 billion, including 19 EUV low-NA tools primarily from TSMC [21]. Group 5: Financial Projections - For 2027, ASML is projected to achieve approximately €46.8 billion in sales, with system sales of €36.87 billion and IBM sales of €9.9 billion, alongside a gross margin increase to 56.2% [26][27]. - Morgan Stanley maintains ASML as a top stock pick, applying a 31x P/E valuation with a target price of €1400, and suggests a bull case scenario could see the target price reach €2000 based on an EPS of €50 and a 40x P/E [27].

亚电科技此次IPO申请于2025年6月27日获得受理，同年7月21日进入问询阶段，但最终未能继续推进， 于近日主动撤回发行上市申请。 来源：@全景网微博 2026年1月14日，上海证券交易所官网披露，江苏亚电科技股份有限公司（以下简称"亚电科技"）科创 板IPO审核状态变更为"终止"。该公司也成为2026年开年以来科创板首家IPO终止企业。 此次折戟科创板，为亚电科技提供保荐服务的中介机构阵容也受到市场关注。其保荐机构（主承销商） 为华泰联合证券有限责任公司。具体负责的保荐代表人为姚黎和杨扬。 公开信息显示，姚黎为华泰联合证券投资银行业务线总监，曾担任测绘股份、恒尚节能、晶升股份、中 瑞股份等多个IPO项目的保荐代表人；杨扬为投资银行业务线副总监，曾负责或参与欧圣电气、维远股 份等IPO项目。项目协办人为徐文，同样为华泰联合证券投资银行业务线总监及保荐代表人，项目组其 他成员还包括刘昌霆、孙东林、张梦陶、郭昊、管升宏、李琦。 此外，为公司本次发行提供服务的其他中介机构还包括：审计机构为中汇会计师事务所（特殊普通合 伙），签字会计师为孙业亮、李睿斐；律师事务所为国浩律师（南京）事务所，签字律师为于炜、杨文 轩、 ...

智通财经APP获悉，摩根士丹利发布看涨报告，力陈投资者应买入阿斯麦(ASML.US)股票的理由。该行 指出，在最乐观情境下，随着芯片制造商加大资本支出以满足人工智能领域的飙升需求，这家荷兰半导 体设备巨头的股价有望迎来高达70%的上涨空间。 作为该行的首选股票之一，摩根士丹利分析师表示，在阿斯麦最大客户台积电(TSM.US)展示出AI支出 热潮未见放缓后，他们对阿斯麦的前景更为乐观。 阿斯麦股价在2026年迄今已上涨25%，迎来"开门红"。分析师李·辛普森在周四的报告中写道："更高的 2027年晶圆厂与内存资本支出，以及优于预期的中国需求，增强了我们的投资信心。" 摩根士丹利看涨的核心逻辑在于，市场对阿斯麦尖端芯片制造设备的强劲需求正驱动其利润暴增。该行 预计2027年阿斯麦每股收益将达约46欧元，较2025年水平近乎翻倍。 台积电本周公布优于预期的展望，再次点燃市场对AI支出的乐观情绪。此外，美台双方亦达成一项期 待已久的贸易协议，台系半导体企业将为其在美国的运营增加5000亿美元融资。 除台积电外，摩根士丹利指出，内存芯片价格上涨将促使内存制造商扩大产能，进而拉动对阿斯麦设备 的需求。分析师同时强调，阿斯 ...

2026年1月8日，中微公司（688012.SH）发布了一则公告：公司董事长、总经理尹志尧拟于1月30日至4 月29日减持0.046%股权，原因是由于其从外籍恢复中国籍，出于依法办理相关税务需要而进行的减 持。 一纸公告，将即将82岁的尹志尧和中微公司推至台前，引起市场关注。目前，尹志尧持有中微公司 0.664%股权。 对于尹志尧而言，从2004年创办中微公司到今天，他用了20多年将这家公司从零打造成全球领先的微观 加工设备巨头，在刻蚀领域足以与应用材料、泛林半导体等国际大鳄分庭抗礼。 而在 20 年前，人们普遍不觉得在技术壁垒极高、被美日巨头绝对垄断的半导体高端制造设备领域，一 家中国初创公司能有生存空间。但尹志尧改变了整个行业的看法。 目前的中微公司，市值已经高达2361亿元（截至2026年1月16日）。中微公司最新披露的三季报显示， 2025年前三季度，公司实现营业收入80.63亿元，同比增长46.40%；实现归属于上市公司股东净利润 12.11亿元，同比增长32.66%。 60岁创办中微公司 刻蚀，是芯片制造三大核心工艺（光刻、刻蚀、薄膜沉积）之一。就像光刻机被视为半导体制造突破先 进制程的关键设备， ...

证券日报网讯 1月16日，晶盛机电在互动平台回答投资者提问时表示，在芯片制造和封装端，公司开发 了应用于芯片制造的8-12英寸减压外延设备、ALD设备等薄膜沉积类设备，应用于先进封装的12英寸减 薄抛光机、12英寸减薄抛光清洗一体机。以差异化的工艺和技术优势，为客户提供优质的产品和服务。 （文章来源：证券日报） ...