豪威集团（603501）(00501)公布，为深化双方的战略协同，依托爱芯元智在视觉终端、边缘推理及智 能汽车领域的核心技术，并同时推动双方在汽车智能驾驶与端侧AI等领域的战略合作，促进双方技术 与产业资源的高效整合，充分释放业务协同效应，增强公司技术储备与供应链韧性，提升公司长期核心 竞争力，公司全资子公司韦尔香港拟使用自有资金不超过5,000万美金(不包括经纪佣金、香港联交所交 易费、香港证监会交易征费、财务汇报局交易征费等)认购爱芯元智于香港联交所首次公开发行的股 份，持股比例根据届时发行市值确定。 ...

豪威集团(603501.SH)公告称，公司全资子公司韦尔香港拟认购爱芯元智于香港联交所首次公开发行的 股份，预计认购总金额不超过5000万美金。公司董事长虞仁荣持有爱芯元智1.12%股权，此次交易构成 关联交易。投资金额不包括经纪佣金等费用，按1月26日汇率估算折合人民币约3.5亿元。此次投资旨在 深化双方战略协同，推动技术与产业资源整合，增强公司技术储备与供应链韧性。爱芯元智是一家AI 推理系统芯片供应商，专注于视觉终端、边缘推理及智能汽车领域。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

据港交所1月26日披露，聚辰半导体股份有限公司(简称：聚辰股份(688123.SH))向港交所主板递交上市申请书， 中金公司为独家保荐人。 招股书显示，聚辰股份是全球领先的高性能非易失性存储(NVM)芯片设计公司，致力于满足人工智能时代高速 迭代与扩容的存储需求，为客户研发及供应SPD芯片、EEPROM及NORFlash等关键存储类芯片、摄像头马达驱 动芯片等混合信号类芯片以及NFC芯片及配套解决方案。根据弗若斯特沙利文的资料，于2023年及2024年，按 收入计，该公司是中国排名第一的EEPROM供应商以及全球排名第二的DDR5SPD芯片供应商。 ...

Key TakeawaysIntel (INTC) shares plunged 1.8% premarket, following a significant 17% drop in the previous session, driven by a weak Q1 forecast and ongoing manufacturing challenges.U.S. stock index futures are trading lower, with S&P 500 E-mini futures down 0.28%, Nasdaq 100 futures down 0.5%, and Dow futures down 0.13%, as geopolitical concerns and tech sector weakness weigh on sentiment.Ukraine's military claims to have struck a Russian oil refinery in the Krasnodar region, igniting fires and causing one ...

| [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 2,338 | 2,322 | 3,154 | 5,661 | 8,612 | | 同比（%） | (12.73) | (0.69) | 35.84 | 79.49 | 52.11 | | 归母净利润（百万元） | (296.47) | (600.88) | (448.92) | 315.20 | 805.06 | | 同比（%） | (501.64) | (102.68) | 25.29 | 170.21 | 155.41 | | EPS-最新摊薄（元/股） | (0.56) | (1.14) | (0.85) | 0.60 | 1.53 | | P/E（现价&最新摊薄） | (366.46) | (180.81) | (242.01) | 344.67 | 134.95 | 证券研究报告·公司点评报告·半导体 芯原股份（688521） 2025 年业绩预告点评：订单兑现收入高 ...

Qualcomm Incorporated (NASDAQ: QCOM) is a leading player in the wireless technology sector, known for its innovations in mobile communication and semiconductor solutions. The company competes with other tech giants like Intel and Broadcom. On January 25, 2026, Vijay Rakesh from Mizuho Securities set a price target of $160 for QCOM, slightly above its current trading price of $155.82. The price target adjustment from $175 to $160, as reported by TheFly, suggests a more cautious outlook.Despite this, institut ...

金融街证券认为，2025Q4存储价格延续上涨，DDR4因供给收缩从而价格上涨，DDR5、HBM等大容 量、低延迟存储芯片受AI服务器、数据中心建设需求驱动，开启本轮存储涨价和技术升级周期。展望 2026年，存储产能紧张趋势有望延续，以"两存"为代表的国产厂商扩产动力充足，我们看好国产存储厂 商扩产带来的产能增量以及先进工艺提升带来的价值量提升。 相关ETF：公开信息显示， 科创半导体ETF（588170）及其联接基金（A类：024417；C类：024418） 跟踪上证科创板半导体材料设备主题指数，囊括科创板中半导体设备（60%）和半导体材料（25%）细 分领域的硬科技公司。 半导体设备和材料行业是重要的国产替代领域，具备国产化率较低、国产替代 天花板较高属性，受益于人工智能革命下的半导体需求，扩张、科技重组并购浪潮、光刻机技术进展。 半导体设备ETF华夏（562590）及其联接基金（A类：020356；C类：020357），指数中半导体设备 （63%）、半导体材料（24%）占比靠前，充分聚焦半导体上游。 （文章来源：每日经济新闻） 截至2026年1月26日 14点26分，上证科创板半导体材料设备主题指数（95 ...

2025年末，随着摩尔线程、沐曦股份在科创板上市后股价表现强劲，及2026年初壁仞科技成功登陆港 股，国产高端GPU领军企业集群加速对接资本市场。如今，"国产GPU四小龙"阵营的最后一块关键拼图 即将就位 —— 上海燧原科技股份有限公司的科创板IPO申请已于1月22日获证监会受理，标志着其上市 进程进入冲刺阶段，这家估值达205亿元的独角兽企业有望在二级市场再引关注。 公司的核心竞争力植根于其核心团队的深厚产业背景。创始人、董事长兼CEO赵立东毕业于清华大学无 线通信系，曾在硅谷的半导体芯片行业工作超过二十年，2007年至2014年就职于AMD(美国超威半导体 公司)，负责CPU/APU产品规划和多个相关核心IP的研发，并参与成立中国研发中心。2014年12月加入 紫光集团担任副总裁，主管半导体投资相关工作。联合创始人兼COO张亚林也曾在AMD工作11年，带 领AMD上海研发中心成功开发并量产多颗旗舰处理器。可以说，从核心团队来看，燧原科技具有纯正 的"硅谷基因"，这也为公司奠定了坚实的技术与工程基础。 在技术路径选择上，燧原科技采取了差异化竞争策略。燧原科技的最大亮点之一是其技术路线，公司避 开与英伟达通用 ...

Core Viewpoint - The article discusses the process of generating a Process Design Kit (PDK) for digital standard cell libraries, emphasizing the importance of accurate modeling and design rules in semiconductor manufacturing [1][9]. Group 1: PDK Generation Process - The first step in PDK generation is defining the Back End of Line (BEOL) stacking structure, which includes the number of metal and via layers, conductor and dielectric materials, and the geometries suitable for the technology node [1]. - After defining the BEOL structure, electrical characteristics for each layer are simulated, and results are recorded in BEOL parasitic parameter files [1]. - The next critical step in PDK development involves designing and developing N-channel and P-channel FET device models, which form the foundation of the standard cell library [1]. Group 2: Design Rules and Layout - Design rules for minimum metal lengths, spacing between metal/via, and end-to-end spacing are documented in technology files (.tf) or Layout Exchange Format (LEF) files [2][3]. - The layout design of standard cells is compact, limiting internal wiring to lower BEOL layers (typically M1-M3) and middle interconnect layers (MOL) [7]. - A layout versus schematic (LVS) check is performed after layout completion to ensure the layout matches the schematic and adheres to design rules [7]. Group 3: Device Simulation and Characterization - Device characteristics are simulated using TCAD tools, with DC and AC characteristics characterized through various models, including BSIM [5]. - As technology nodes shrink, transistor architectures have evolved, with FinFET and GAAFET structures requiring specific BSIM-CMG templates for accurate modeling [5]. - The final step involves developing a standard cell library that includes circuit schematics for each cell, which is essential for layout and simulation [5]. Group 4: Parasitic Parameter Extraction - Parasitic parameter extraction captures MOL and lower BEOL layers, represented as RC SPICE netlists, which are crucial for performance evaluation during layout simulations [8]. - The information generated from these netlists is stored in Liberty (.lib) files, aiding EDA tools in assessing design performance during module layout and routing simulations [8]. - Accurate parasitic modeling and standard cell characterization are vital for reliable timing and power analysis in digital integrated circuit design [9].

Core Insights - The Schwab Emerging Markets Equity ETF (SCHE) offers lower costs and higher yields compared to the iShares MSCI Emerging Markets ETF (EEM), which has a longer history and greater tech exposure [1][4][10] Cost and Size Comparison - SCHE has an expense ratio of 0.07%, significantly lower than EEM's 0.72%, which could lead to compounded savings over time [3][4] - As of January 22, 2026, SCHE's one-year return is 28.4%, while EEM's is 37.9% [3] - SCHE has a dividend yield of 2.9%, higher than EEM's 2.2% [3][9] - SCHE has assets under management (AUM) of $12.0 billion, compared to EEM's $25.1 billion [3] Performance and Risk Comparison - Over the past five years, SCHE's maximum drawdown is -35.70%, while EEM's is -39.82% [5] - The growth of $1,000 invested over five years is $1,036 for SCHE and $1,044 for EEM [5] Holdings and Diversification - EEM tracks large- and mid-cap companies with a 30% tilt towards technology, while SCHE has a 22% tech exposure and holds over 2,100 stocks, making it more diversified by company count [6][7] - EEM's top holdings include Taiwan Semiconductor Manufacturing, Tencent Holdings, and Samsung Electronics, which make up 21.5% of its assets [6] - SCHE's top holdings also feature Taiwan Semiconductor, Tencent, and Alibaba Group, comprising nearly 22% of its assets [7] Investment Implications - Both SCHE and EEM provide passive investment opportunities in emerging markets, holding over 1,000 stocks each [8] - The significant difference in expense ratios suggests that SCHE may be a more cost-effective option for investors seeking exposure to emerging markets [10]