广东省工商联联络部二级调研员李茂添、深圳市工商联经联部部长刘传等领导陪同调研。电子商会党支部书记兼副秘书长姚振雷、副秘书长朱宏凯和徐国 斌等参与接待。 编辑：刘来刚 电子商会常务副会长徐慧英对关向明秘书长一行的到访表示热烈欢迎，并系统汇报了商会在会员服务、党建引领、行业交流、市场考察、资源对接等方面 工作。 关向明秘书长对电子商会所取得的的各项工作成绩给予充分肯定。他强调，电子商会要发挥全国"四好"商会的示范引领作用，强化党建与业务融合，深化 服务内涵，策划更多具有品牌影响力的标杆性行业活动，切实赋能产业升级与企业成长，为广东省电子信息产业高质量发展贡献更大力量。 她表示，今年是"十五五"的开局之年，亚太经合组织（APEC）又将在深圳举办，电子商会作为全国"四好"商会，始终聚焦电子信息产业的高质量发展， 通过常态化走访、精准资源匹配、品牌活动赋能、国际交流合作等举措，为广大企业搭建优质的服务平台。同时，就电子商会品牌展会——深圳国际半导 体展（ES SHOW）作了详细介绍，该展致力于打造全要素、全生命周期的一站式电子展，链接海内外优质市场客户，发挥展会平台的桥梁枢纽作用。 1月27日，广东省工商联党组成员、秘 ...

Austin, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Flexible Hybrid Electronics (FHE) Market Size & Growth Insights: According to the SNS Insider, “The Flexible Hybrid Electronics (FHE) Market was valued at USD 1.80 Billion in 2025 and is expected to reach USD 7.60 Billion by 2035, growing at a CAGR 15.48% over 2026-2035.” Advancements in Hybrid Integration Technology to Drive Market Growth Globally By combining flexible substrates with conventional stiff semiconductor ICs, hybrid integration technology makes it poss ...

Summary of Conference Call Notes Industry Overview - The focus is on the **electronic sector**, particularly the inflation trends driven by AI in storage, devices, and packaging/testing [1] Key Points and Arguments 1. **Price Increases Across Segments**: - Recent price hikes have been observed in several sub-segments: - **Passive Components**: Resistors from Yageo have increased by **15-20%** - **Power Components**: Multiple companies have raised prices by **10-20%** - **LED Drivers**: Richtek has seen price increases of over **10%** - **MCUs**: Companies like Zhongwei have raised prices for MCUs and NOR by **15-50%** [2] 2. **Drivers of Price Increases**: - The reasons for price increases vary by segment: - **Downstream Demand Shift**: A turning point in demand coupled with inventory clearance in channels - **Rising Packaging and Foundry Costs**: There is a pressing need to pass on cost pressures - **Supply-Side Constraints**: Supply-side pressures combined with a demand-side inventory buildup cycle [2] 3. **Long-term Industry Logic**: - The AI industry wave presents transformative opportunities for power, passive, and MCU sectors: - **Passive Components**: New demands arise in various AI applications, such as significant power shortages in North America, leading to the need for high-capacitance, high-voltage MLCCs - **Power Supply Innovations**: The VPD (Vertical Power Delivery) scheme is highlighted as a more efficient power supply solution, indicating a shift in power supply evolution - Increased requirements for high-voltage film capacitors, high-frequency power inductors, and non-inductive resistors are anticipated [2] 4. **Investment Strategy**: - The electronic sector is entering a significant inflationary period, with previous surges in storage, devices, and packaging/testing expected to be followed by a wave of price increases in other electronic components - It is advised to prioritize positions and select targets that actively participate in industry transformation and embrace the AI wave [2] Additional Important Content - The call emphasizes the importance of engaging with companies that are positioned to benefit from the ongoing changes in the electronic sector, particularly those that align with AI advancements [2]

Summary of Conference Call Notes Industry Overview - The focus is on the electronics sector, particularly the inflationary trends driven by AI in storage, devices, and packaging/testing segments [1][2]. Key Points and Arguments 1. **Price Increases Across Segments**: - Recent price hikes have been observed in various sub-segments: - Passive components: Resistors from Yageo increased by 15-20% - Power components: Multiple companies reported price increases of 10-20% - LED drivers: Richtek saw price increases of over 10% - MCU companies: Zhongwei Semiconductor's MCUs and NOR flash prices rose by 15-50% [2][2]. 2. **Drivers of Price Increases**: - Different segments have unique drivers for price increases: - Downstream demand turning point and inventory clearance in channels - Rising costs in packaging/testing and foundry services necessitating cost pass-through - Supply-side pressures combined with a demand-side inventory buildup cycle - Current valuations of related stocks are considered low, presenting an opportunity for investment [2][2]. 3. **Long-term Outlook**: - The AI industry wave presents transformative opportunities for power, passive, and MCU sectors: - For passive components, new demands arise in various AI applications: - SOFC (Solid Oxide Fuel Cell): Significant power shortages in North America create demand for high-capacity, high-voltage MLCCs - Vertical Power Delivery (VPD): Google’s adoption of VPD indicates a shift towards more efficient power solutions, increasing requirements for high-voltage film capacitors, high-frequency power inductors, and non-inductive resistors - The electronics sector is entering a significant inflationary period, with previous increases in storage, devices, and packaging/testing expected to be followed by a wave of price adjustments in other electronic components [2][2]. 4. **Investment Strategy**: - It is recommended to prioritize positions and select stocks that actively participate in industry transformations and embrace the AI wave [2][2]. Important but Overlooked Content - Specific companies mentioned in various segments: - MCU: Zhaoyi Innovation, Puran, Guomin Technology, Zhongwei Semiconductor - Power components: Xinjieneng, JieJie Microelectronics, Yangjie Technology - Passive components: Shunluo Electronics, Sanhuan Group - Lead frames: Kangqiang, Xinhenghui [3][3].

Group 1 - The article emphasizes the importance of timely and professional information interpretation in investment decision-making [1] - The focus is on identifying investment value from significant events, analyzing industry chain companies, and interpreting key policy points [1] - The product features a combination of liquid cooling servers and liquid metal, which are being applied in leading GPU manufacturers, with small batch shipments to domestic clients [1] Group 2 - Storage chips are being integrated into AI servers and optical module markets, with a strategic focus on RISC-V architecture and 3D-DRAM [1] - The company's storage products have found applications in the robotics sector [1]

Core Insights - TE Connectivity's international operations are crucial for understanding its financial strength and growth potential, especially given its extensive global presence [1][2] Group 1: Revenue Performance - The company's total revenue for the recent quarter reached $4.67 billion, reflecting a 21.7% increase from the same quarter last year [4] - International revenue from the Asia-Pacific region amounted to $2.01 billion, representing 43% of total revenue and a surprising increase of 16.88% compared to analyst expectations [5] - EMEA contributed $1.44 billion, or 30.8% of total revenue, which was a decrease of 3.83% from analyst expectations [6] Group 2: Future Projections - Analysts project total revenue for the current fiscal quarter to be $4.7 billion, indicating a 13.6% increase year-over-year, with Asia-Pacific expected to contribute 36.3% ($1.71 billion) and EMEA 32.7% ($1.54 billion) [7] - For the full year, total revenue is projected to reach $19.24 billion, an 11.5% increase from the previous year, with Asia-Pacific expected to account for 36.6% ($7.05 billion) and EMEA 32.7% ($6.28 billion) [8] Group 3: Market Dynamics - The reliance on international markets provides TE Connectivity with opportunities for growth but also introduces risks related to currency fluctuations and geopolitical factors [3][9] - Analysts are closely monitoring these international revenue trends to refine earnings predictions, highlighting the importance of a company's domestic position as well [10]

Core Insights - Frequency Electronics, Inc. has received follow-on contracts valued at approximately $6 million from a major aerospace company for precision "g" compensated Oven-controlled Quartz Oscillators (OCXO) [1] - Additional contracts for over $2 million are anticipated within three months, indicating strong demand for the company's products in government software-defined radio systems [1][2] Company Overview - Frequency Electronics, Inc. is a leader in precision timing and frequency control products for both space and terrestrial applications, with products utilized in various sectors including military, government, and commercial systems [2] - The company has received over 100 awards for excellence in providing high-performance electronic assemblies for more than 150 space and Department of Defense programs [2] - The company emphasizes significant investment in research and development to expand its capabilities and market reach [2]

Group 1 - France's equity index CAC 40 experienced a marginal gain of 0.11%, rising by 9.15 points to 8,140.30, as investors cautiously assessed trade developments [1][2] - Bank stocks showed some support, with Credit Agricole increasing by 2.7%, while Societe Generale, Legrand, and Vinci saw gains between 1.4% and 1.5% [2][3] - Other notable gainers included Eiffage and Saint Gobain, which rose by 2.4% and 2.3%, respectively, while moderate gains were observed in companies like Schneider Electric and Safran [2][3] Group 2 - Conversely, Capgemini and Pernod Ricard faced declines of 2.5% and 2.1%, respectively, with Renault, Stellantis, Dassault Systemes, and Carrefour also experiencing losses between 1% and 1.3% [3] - The consumer confidence index in France remained unchanged at 90, consistent with December figures and below the long-term average of 100, indicating a stable but cautious consumer sentiment [4]

Core Viewpoint - Amphenol Corporation is poised for significant growth in its upcoming quarterly earnings report, driven by strong demand across various sectors, particularly in AI infrastructure and defense [2][3][6] Financial Performance - The company is expected to report earnings per share (EPS) of $0.93 and revenue of approximately $6.22 billion for the upcoming quarter [2][6] - Amphenol projects its EPS for the fourth quarter of 2025 to be between $0.89 and $0.91, reflecting a year-over-year increase of 62% to 65% [2] - Revenue is anticipated to range from $6 billion to $6.1 billion, marking a growth of 39% to 41% compared to the previous year [3] Market Expectations - The market is closely monitoring the earnings report, as results exceeding the expected EPS could lead to an increase in stock price, while a miss could result in a decline [4] - The Zacks Consensus Estimate for fourth-quarter revenues is slightly lower at $5.84 billion, but still indicates robust growth [3] Valuation Metrics - Amphenol's price-to-earnings (P/E) ratio is approximately 49.74, indicating a high valuation by investors [5][6] - The price-to-sales ratio stands at about 9.08, suggesting the market values the company at over nine times its annual sales [5] - The enterprise value to sales ratio is slightly higher at 9.28, reflecting the company's total valuation in relation to its sales [5]

Core Insights - Mitsubishi Electric Corporation has confirmed the world's first self-recovery property of highly oriented pyrolytic graphite (HOPG) in collaboration with Kyoto University's Solid Mechanics Laboratory [1] - This breakthrough is anticipated to enhance the operational lifetime of micro electro mechanical systems (MEMS) by leveraging van der Waals-layered materials [1] Company Developments - The research conducted by Mitsubishi Electric and Kyoto University represents a significant advancement in material science, particularly in the context of MEMS technology [1] - The utilization of vdW-layered materials like HOPG could lead to improved performance and durability in various applications [1]