Core Viewpoint - The company reported strong financial performance for 2024 and Q1 2025, with significant growth in revenue and net profit, driven by various business segments including automotive and mobile sectors [1][2][5]. Financial Performance - In 2024, the company achieved revenue of 25.73 billion yuan, a year-over-year increase of 22.4%, with a gross margin of 29.4% [1]. - The net profit attributable to shareholders reached 3.32 billion yuan, reflecting a remarkable year-over-year growth of 498% [1]. - For Q1 2025, the company reported revenue of 6.47 billion yuan, a year-over-year increase of 14.7%, and a gross margin of 31% [1]. Business Segments - The image sensor solutions segment generated revenue of 19.19 billion yuan, accounting for 74.8% of total revenue, with mobile CIS contributing 9.8 billion yuan [2]. - Automotive CIS revenue reached 5.91 billion yuan, marking a year-over-year growth of 30% [2]. - Emerging markets for CIS saw revenue of 760 million yuan, growing by 42% [2]. Growth Drivers - The automotive CIS business is expected to grow rapidly, potentially surpassing mobile CIS revenue due to advancements in intelligent driving technology [3]. - New product categories such as action cameras and medical applications are anticipated to experience significant growth [4]. Future Outlook - The company maintains a "buy" rating with a target price of 150 yuan, reflecting an upward revision in automotive business revenue growth [5]. - Projected net profits for 2025, 2026, and 2027 are 4.57 billion yuan, 5.47 billion yuan, and 6.68 billion yuan, respectively [5].

Group 1: New Lai Materials - New Lai Materials specializes in clean application materials and high-purity materials, with projected revenue of 2.849 billion yuan in 2024, representing a year-on-year growth of 5.08% [1] - The company benefits from the trend of semiconductor localization, with a forecasted revenue decline of 2.33% in Q1 2025 [1] - The semiconductor market is expected to reach 611.2 billion USD in 2024, while the sterile packaging market is projected to reach 19.49 billion USD by 2031 [1] - New Lai Materials has entered the sterile packaging market through the acquisition of Shandong Bihai and is now part of the supply chain for top domestic and international companies [1] - The company aims to continue promoting domestic substitution, focusing on the semiconductor equipment and component market, and adheres to a "equipment + packaging materials" model [1] Group 2: China Resources Microelectronics - China Resources Microelectronics is focusing on high-growth areas such as automotive electronics and new energy, with expected growth rates of 15% for MOSFETs and 50% for IGBTs [2] - The gross margin is projected to decline by 1.1 percentage points in Q1 2025 due to increased depreciation from the launch of a high-end mask factory and a decrease in IC product prices [2] - The company anticipates capital expenditures of 2 billion yuan in 2025, primarily for capacity ramp-up and equipment investment in packaging and testing [2] - The utilization rate of the 12-inch production line in Chongqing is 70%, while the Shenzhen 12-inch production line is in the capacity ramp-up phase [2] - The product mix includes automotive electronics (21%), new energy (20%), home appliances (18%), industrial equipment (16%), and communication equipment (9%) [2] - The silicon carbide product line is expanding, with automotive-grade SiC MOS and SiC modules undergoing testing with automotive companies [2] - The industry is showing a mild recovery trend, with product prices expected to stabilize within a certain range [2]

Group 1 - The importance of high-quality development is emphasized, with a call for workers and laborers to innovate and contribute to their fields [2][3] - The need for new skills and enhanced labor quality is highlighted to adapt to technological revolutions and industry changes [3][4] - Various industry representatives express their commitment to innovation and improving their sectors, such as energy, healthcare, and agriculture [2][4][5] Group 2 - The role of labor models and advanced workers is recognized as a guiding light for others in their respective fields [4][5] - The significance of integrating new technologies and methods in traditional industries is stressed, with examples from the gardening and agricultural sectors [4][5] - The commitment to continuous learning and skill enhancement among workers is underscored, reflecting a broader trend towards professional development [3][5]

Company News - Super Micro Computer (SMCI.O) experienced a pre-market drop of nearly 17% after reporting preliminary Q3 revenue of $4.5 to $4.6 billion, significantly below analyst expectations of $5.35 billion [1] - Microsoft (MSFT.O) plans to actively contest any government orders that may suspend or halt its cloud business in Europe, while expanding its data center operations in 16 European countries [2] - Alibaba (BABA.N) is set to announce its Q1 2025 results on May 15, 2025 [2] - Stellantis (STLA.N) reported Q1 revenue of €35.8 billion, a 14% year-over-year decline, falling short of analyst predictions of €35.4 billion, and has suspended its 2025 financial guidance due to tariff-related uncertainties [2] - Visa (V.N) reported Q2 revenue of $9.6 billion for fiscal year 2025, exceeding market expectations of $9.55 billion and up from $8.78 billion in the same period last year [2] - Vale (VALE.N) CEO stated that the company reversed the decline in iron ore production in April and is confident in meeting its annual production guidance [2] Economic Indicators - The initial estimate for the U.S. Q1 real GDP annualized rate recorded at -0.3%, marking the lowest level since Q2 2022 [3] - Kalshi, a financial trading and prediction market platform, currently estimates a 74% probability of a U.S. economic recession this year [3] - The ADP employment report for April showed an increase of 62,000 jobs, the smallest gain since July 2024, and significantly below expectations [3] - Starbucks (SBUX.O) reported Q2 earnings of $384 million, halving compared to the same period last year, with same-store sales declining for the fifth consecutive quarter [3] - Taiwan Semiconductor Manufacturing Company (TSM.N) has begun construction on its third wafer fab in Arizona, increasing its expansion efforts in the U.S. [3] - Western Digital (WDC.O) saw a pre-market increase of 11.5% due to its Q4 revenue and profit guidance exceeding expectations [3]

Core Viewpoint - The Taiwan Semiconductor Manufacturing Company (TSMC) is being used by the Democratic Progressive Party (DPP) as a tool for political maneuvering, prioritizing U.S. interests over the welfare of Taiwanese citizens and businesses [2][4]. Group 1: TSMC's Investment Decisions - TSMC's Arizona plant is reportedly continuing to incur losses while its operations in mainland China are significantly profitable, raising questions about the rationale behind a planned $100 billion investment in the U.S. [2] - The DPP's approach to TSMC and the semiconductor industry is criticized as a means to curry favor with the U.S., which is seen as detrimental to Taiwan's economic interests [2][4]. Group 2: Economic Relations and Trade Policies - The U.S. has imposed tariffs on Taiwan, prompting concerns from Taiwanese industries about the potential negative impact on agriculture and local businesses [2]. - The DPP's policies are viewed as leading to a "decoupling" from mainland China, which could further expose Taiwan to U.S. economic pressures and undermine its competitive advantages [2][4]. Group 3: Cross-Strait Economic Cooperation - The mainland is positioned as the best choice for Taiwanese businesses, with a stable economy and significant market potential, as evidenced by a 15.2% year-on-year increase in cross-strait trade, reaching $70.56 billion [4]. - In the first quarter, actual use of Taiwanese capital in mainland China increased by 127.1%, with 1,592 new Taiwanese enterprises established, indicating a strong ongoing investment trend [4]. Group 4: Response to External Economic Pressures - The mainland has taken decisive countermeasures against U.S. tariffs, demonstrating a commitment to safeguarding national development interests and maintaining economic confidence [5]. - There is a focus on supporting Taiwanese enterprises in overcoming challenges, enhancing supply chain connections, and facilitating participation in national strategic initiatives for high-quality development [5].

如果您希望可以时常见面，欢迎标星收藏哦~ 今天，英特尔举办了晶圆代工大会，会上公司指出，正在与主要客户洽谈即将推出的14A工艺 节点（相当于1.4纳米），该节点是18A工艺节点的后续产品。英特尔已有多家客户计划流片 14A测试芯片。英特尔还透露，公司至关重要的18A节点目前已进入风险生产阶段，并计划于 今年晚些时候实现量产。 英特尔新的18A-P扩展节点（18A节点的高性能变体）目前正在晶圆厂早期生产。此外，该公司正 在开发一种新的18A-PT变体，该变体支持带有混合键合互连的Foveros Direct 3D，使该公司能够 在其最先进的前沿节点上垂直堆叠芯片。 在英特尔的新方案中，Foveros Direct 3D 技术是一项关键的进展，因为它提供了竞争对手台积电 （TSMC）已在生产中使用的功能，最著名的是 AMD 的 3D V-Cache 产品。事实上，英特尔的实 现在关键互连密度测量方面与台积电的产品不相上下。 在成熟节点方面，英特尔代工厂目前已在晶圆厂中完成其首个 16nm 生产流片，并且该公司目前 还在与联华电子合作开发的 12nm 节点吸引客户。 接下来，我们来看一下这家巨头的晶圆代工最新路线图 ...

| 名称 | 持有数量(万股) | 占总股本比例(%) | 增减情况(万股) | | --- | --- | --- | --- | | 李刚 | 1074.50 | 19.19 | 不变 | | 中新苏州工业园区创业投资有限公司 | 249.93 | 4.46 | -30.00 | | 上海华芯创业投资企业 | 216.49 | 3.87 | -47.71 | | 苏州昶众企业管理咨询中心(有限合伙) | 185.00 | 3.30 | 不变 | | 梅嘉欣 | 167.04 | 2.98 | 不变 | | 胡维 | 158.50 | 2.83 | 不变 | | 信澳先进智造股票型 | 144.85 | 2.59 | 3.30 | | 苏州工业园区创业投资引导基金管理中心 | 124.23 | 2.22 | 不变 | | 信澳领先增长混合A | 116.03 | 2.07 | 12.10 | | 苏州昶恒企业管理咨询企业(有限合伙) | 93.86 | 1.68 | 不变 | 数据四舍五入，查看更多财务数据>> 一、主要会计数据和财务指标 二、前10名无限售条件股东持股情况 | 报告期指标 | 2025年一 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容 编译自 wccftech ，谢谢 。 在半导体新元素的采用方面，台积电多年来一直是先驱，并经常引领潮流。但现在，该公司似乎将 放弃在其 A14 工艺中使用高数值孔径 EUV 光刻设备，而是采用更传统的 0.33 数值孔径 EUV 技 术。这一消息是在数值孔径技术研讨会上透露的，台积电高级副总裁Kevin Zhang在会上宣布了这 一进展。由此可以肯定地说，英特尔代工厂和几家 DRAM 制造商现在在"技术"上比台积电更具优 势。 Kevin 表示，台积电将不会使用High NA EUV光刻技术来对A14芯片进行图案化，该芯片的生产 计划于2028年开始。从2纳米到A14，我们不必使用High NA，但我们可以在处理步骤方面继续保 持类似的复杂性。他指出，每一代技术，我们都尽量减少掩模数量的增加。这对于提供经济高效的 解决方案至关重要。 台积电认为高数值孔径 (NA) 对 A14 工艺无关紧要的主要原因是，使用相关的光刻工具，这家台 湾巨头的成本可能会比传统的 EUV 方法高出 2.5 倍，这最终将使 A14 节点的生产成本大大提 高，这意味着其在消费产品中的 ...

一季度EPS为1.92美元，上年同期2.47美元。 一季度营收28.4亿美元，分析师预期28.3亿美元。 预计二季度调整后EPS为2.46-2.86美元，分析师预期2.63美元。 预计二季度EPS为1.78-2.16美元，分析师预期2.05美元。 预计二季度营收28.0亿-30.0亿美元，分析师预期38.6亿美元。 公司CEO将于2025年年底离职。 Rafael Sotomayor将于10月份接任CEO。 恩智浦一季度调整后EPS为2.64美元，分析师预期2.60美元。 恩智浦（NXPI）美股盘后下跌3.52%，跌幅随后扩大至5.23%。 ...

立昂微（605358）公告，2024年营业收入为30.92亿元，同比增长14.97%。归属于上市公司股东的净亏 损2.66亿元，去年同期净利润6575.25万元。公司2024年度拟不进行现金分红，也不进行资本公积转增股 本。 ...