KLA Corporation (KLAC) reported third-quarter fiscal 2025 non-GAAP earnings of $8.41 per share, beating the Zacks Consensus Estimate by 4.34%. The figure soared 59.9% year over year.Revenues increased 29.8% year over year to $3.06 billion, surpassing the Zacks Consensus Estimate by 1.92% and rising from the mid-point of the company’s guidance.KLA Corp’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, the surprise being 6.35%, on average. (Find the latest EPS estimates and surprises ...

Core Viewpoint - Silvaco Group, Inc. has announced a strategic partnership with Kyung Hee University to advance display technology through AI-driven Digital Twin modeling and FTCO integration [1][2][4] Partnership Details - The collaboration is a four-year initiative that began on February 1, 2025, focusing on Micro-LED and OLED technologies [1][2] - Silvaco will fund Ph.D. students at KHU and work closely with Professor Jin Jang's team to provide high-quality measurement data [2] Technological Integration - The partnership aims to combine experimental data with Silvaco's simulation tools and FTCO solution to create a comprehensive Digital Twin for display technology [2][3] - Silvaco will utilize its Victory TCAD™ simulators along with SmartSpice™ and UTMOST IV™ EDA tools to run simulations and develop a complete FTCO flow [3] Goals and Expectations - The collaboration seeks to demonstrate how FTCO and AI-enabled Digital Twins can enhance the development and production of advanced display technologies [3] - The integration of physical experimentation with virtual modeling is expected to improve decision-making speed and accuracy in manufacturing environments [3][4] Industry Impact - This partnership is seen as a significant advancement in optimizing next-generation display technologies, aiming to unlock new efficiencies in process optimization and yield improvement [4] - Silvaco's expertise in semiconductor design and digital twin modeling positions it well to lead innovations in display manufacturing and related fields [5]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [6]. Core Views - The company reported a revenue of 6.09 billion yuan in Q1 2025, representing a year-on-year growth of 15.3%, with a net profit attributable to shareholders of 100 million yuan, up 2.9% year-on-year [4][5]. - The semiconductor packaging and testing industry is expected to grow due to increasing demand in artificial intelligence, high-performance computing, 5G communication, and automotive electronics [5]. - The global integrated circuit packaging and testing market is projected to reach 82 billion USD in 2024, with a growth rate of 7.8% [5]. Financial Summary - The company’s revenue is forecasted to grow from 23.88 billion yuan in 2024 to 33.37 billion yuan in 2027, with corresponding net profits increasing from 678 million yuan to 1.657 billion yuan [8]. - The gross margin is expected to improve from 14.8% in 2024 to 16.0% in 2027, reflecting operational efficiency [8]. - Earnings per share (EPS) are projected to rise from 0.45 yuan in 2024 to 1.09 yuan in 2027, indicating strong profitability growth [8].

Core Viewpoint - FormFactor, Inc. reported a decrease in first-quarter revenue and profitability due to reduced demand for DRAM probe cards and systems, but remains optimistic about long-term growth prospects in the semiconductor industry driven by trends in Advanced Packaging, High-Bandwidth Memory, and Co-Packaged Optics [2][3]. Financial Performance - Quarterly revenues for Q1 fiscal 2025 were $171.4 million, down 9.6% from $189.5 million in Q4 fiscal 2024, but up 1.6% from $168.7 million in Q1 fiscal 2024 [1]. - GAAP net income for Q1 fiscal 2025 was $6.4 million, or $0.08 per fully-diluted share, compared to $9.7 million, or $0.12 per share in Q4 fiscal 2024, and $21.8 million, or $0.28 per share in Q1 fiscal 2024 [3]. - Non-GAAP net income for Q1 fiscal 2025 was $18.0 million, or $0.23 per fully-diluted share, compared to $21.3 million, or $0.27 per share in Q4 fiscal 2024, and $14.3 million, or $0.18 per share in Q1 fiscal 2024 [4]. Gross Margin - GAAP gross margin for Q1 fiscal 2025 was 37.7%, down from 38.8% in Q4 fiscal 2024 and up from 37.2% in Q1 fiscal 2024 [3]. - Non-GAAP gross margin for Q1 fiscal 2025 was 39.2%, compared to 40.2% in Q4 fiscal 2024 and 38.7% in Q1 fiscal 2024 [4]. Cash Flow and Operating Activities - GAAP net cash provided by operating activities for Q1 fiscal 2025 was $23.5 million, down from $35.9 million in Q4 fiscal 2024 and $33.0 million in Q1 fiscal 2024 [6]. - Free cash flow for Q1 fiscal 2025 was $6.3 million, compared to $28.8 million in Q4 fiscal 2024 and $19.7 million in Q1 fiscal 2024 [6]. Future Outlook - The company expects double-digit sequential revenue growth for Q2 fiscal 2025, with increases across all major served markets and segments, despite uncertainties from the current tariff situation [7]. - For Q2 fiscal 2025, FormFactor projects revenue of approximately $190 million, with a gross margin of 38.5% and net income per diluted share of $0.18 [7]. Market Dynamics - Demand in the Foundry & Logic segment increased slightly, while there was a reduction in DRAM due to export controls affecting shipments to China [8]. - The company has completed the acquisition of a minority interest in FICT Limited, a key supplier of advanced probe card components [8].

行云集成电路创始人、CEO季宇 4月30日消息，钛媒体AGI获悉，清华90后创立的北京行云集成电路有限公司（简称"行云集成电路"） 宣布，推出全新的一体机产品"褐蚁"，仅需最高15万元就可以跑满血版DeepSeek R1/V3大模型，并且对 话速度达到了20token/s。 今天下午，行云集成电路创始人、CEO季宇对钛媒体AGI表示，目前"褐蚁"一体机已经支持阿里最新发 布的Qwen3系列开源大模型，包括顶配版Qwen3-235B-A22B。 具体来说，"褐蚁"一体机有三款不同的配置：最高性价比的"超大杯"褐蚁HY90，搭载双路AMD EPYC 9355服务器、24条 48G 6400M频率内存和NV 5090D计算卡，支持FP8、INT4两种数据精度，在FP8精度 下跑满血版DS能达到21token/s的对话速度，在INT4精度下则能达到28token/s，最高支持128K的上下 文，售价14.9万元；此外，行云集成电路还将推出"大杯"褐蚁HY70、"中杯"褐蚁HY50两个配置版本。 | 型号 | 福盛 HY90 | 褐蚁 HY70 | 褐蚁 HY50 | | --- | --- | --- | --- | ...

The Nasdaq Composite index is down by about 10% so far this year as investors remain concerned about the outlook for many businesses, particularly as President Donald Trump's tariffs pose significant risks to the U.S. economy and analysts worry that they may push the country into a recession. The Nasdaq-100, meanwhile, is down by more than 7%. That index features the 100 most valuable non-financial stocks on the exchange, but those large caps and megacaps are not immune from the effects of a broad market se ...

Financial Performance - Consolidated - Total net revenues for Q1 2025 were NT$148,153 million, a 9% decrease QoQ and a 12% increase YoY[3] - ATM (Assembly, Testing, and Material) revenue was NT$85,606 million, representing 57.8% of total net revenues[3] - EMS (Electronic Manufacturing Services) revenue was NT$61,860 million, accounting for 41.7% of total net revenues[3] - Net income attributable to shareholders of the parent was NT$7,554 million[3] Financial Performance - ATM - ATM revenue in Q1 2025 reached NT$85,606 million, a 2% decrease QoQ but a 17% increase YoY[3] - Packaging accounted for 80.0% of ATM net revenues, totaling NT$69,360 million[7] - Testing contributed 18.5% to ATM net revenues, amounting to NT$16,004 million[7] - ATM gross profit was NT$19,611 million, with a gross margin of 22.6%[7] Financial Performance - EMS - EMS net revenues for Q1 2025 were NT$62,295 million, a 17% decrease QoQ and a 5% increase YoY[17] - EMS gross profit was NT$5,528 million, resulting in a gross margin of 8.9%[17] Balance Sheet Items - Cash and cash equivalents stood at NT$77,100 million as of March 31, 2025[19] - Total assets amounted to NT$774,177 million[19] - Total liabilities were NT$439,154 million[19] - Total equity (including non-controlling interest) was NT$335,023 million[19] Q2 2025 Outlook - The company projects ATM revenue growth of 9% to 11% QoQ in NT dollar terms[24] - The company anticipates ATM gross margin to increase by 140-180 basis points QoQ[24] - The company expects EMS revenue to decline by 10% YoY in NT dollar terms[24] - The company forecasts EMS operating margin to decline by 100 basis points YoY[24]

Group 1 - The company has successfully achieved mass shipments of its new generation small-sized, high-power 5GMMMB products to overseas Android clients, receiving customer recognition [2] - In Q1 2025, the company's gross profit improved significantly due to product structure optimization and a decrease in procurement costs, with expectations for further performance enhancement as Phase8L L-PAMiD products ramp up [2] - The Phase8L product has already achieved large-scale production with leading clients, making the company one of the first in China to have this production capability [2] Group 2 - The company has proactively built a domestic supply chain over the years, collaborating with local wafer manufacturers and enhancing supply chain security through diversified channels [2] - The company focuses on the evolution of RF front-end technology, promoting product iterations around 3GPP standards, and has also ventured into Wi-Fi and satellite communication fields [2] - The company is actively exploring market opportunities in emerging industries such as low-altitude economy and robotics, forming specialized teams for technological research [2] Group 3 - The company's core strategy is to expand brand clients by introducing more self-developed projects to drive gross margin recovery [3] - The domestic substitution window is accelerating due to the strategic retreat of overseas manufacturers and tariff policy adjustments, with the Phase8L product's technological breakthroughs enhancing customer loyalty and attracting new clients [3] - The company aims to increase its penetration rate within mainstream brand supply chains through these strategies [3]

本期导读： 高校群体正成为创投行业的一股新力量。 作者丨FOFWEEKLY 本期推荐阅读5分钟 近年来，高校在科技创新链条中的定位发生新变化：除了输送顶尖人才、孵化前沿技术外，越来越 多高校开始突破传统边界，积极投身于创投行业。 天津大学、复旦大学、上海交通大学、中南大学、香港科技大学、南方科技大学等诸多高校通过 "设立基金或母基金" 的方式躬身入局，逐渐形成了创投领域的新力量。 日前，又一所211高校强势入场了。 近两年，机器人、人工智能、半导体等行业热潮涌动， 创投市场掀起新一轮科技投资风暴。而在 这场科技与资本的盛宴中，手握源头技术的高校正从幕后走向台前，纷纷加入战局，成为行业发展 不可忽视的新兴力量。 高校相继入局 2025年以来，随着AI、机器人、低空经济等赛道的持续火热，行业的投资热情进一步被调动，而 各地对未来产业的布局也持续深入。 这次是武汉理工大学。 211高校闯入VC圈 VC圈高校阵容又添新军。 近日，武汉理工大学举行首届科技成果投融资峰会。会上，举行了武汉理工大学国家大学科技园优 化重塑启动仪式。发起设立武理科创基金，基金由武汉理工与长江产业投资集团联合发起设立， 首期募资规模为10亿元 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自 Source：moneyDJ ，谢谢 。 FOPLP(面板级扇出型封装)成为新的先进封装竞逐市场，封测大厂力成(6239)执行长谢永达昨(29) 日于法说会上透露，公司正与一家美国客户合作验证中，即日前宣布投产晶圆代工龙头2奈米制程 的公司(这意指超微AMD)。尽管公司未公布合作细节，供应链则透露，公司技术将应用在PC或游 戏机芯片，最快2027年可以看到产品上市。 国内封测厂多年来一直在推行FOPLP案，至今约莫9年，但一直没有看到有太多终端应用落地，主 要是因为起初因良率问题而迟迟未见显著成效，客户端态度也相对观望。再加上，早前应用层次停 留在RF IC、PMIC等相对成熟领域，如今在台积电(2330)登高一呼下，封测厂也加速转往消费性 电子、AI等更多元的应用场域。 谢永达表示，力成的FOPLP 技术自2016 年量产以来，当时技术相对简单，经过历年来的持续优 化，目前朝异质整合发展，规格主要采510X515 毫米。他也强调，目前全球真正具大规模FOPLP 生产能力的业者仅有公司一家，良率也大幅超出预期，现正与与一家美国客户合作验证中。 关 注 ...