董事会认为，订约方将利用彼等各自的竞争优势，建立互利互惠的合作伙伴关系。通过结合公司在SiC 外延片领域的行业实力与青禾晶元在键合集成技术及设备方面的专业知识，合作旨在促进先进键合材料 解决方案的开发并优化生产工艺。预期此合作将提升集团在大尺寸复合基板方面的技术能力，确保设备 稳定性，并进一步巩固集团的市场地位。 天域半导体(02658)公布，于2026年1月16日(交易时段后)，公司及青禾晶元半导体科技(集团)有限责任公 司(青禾晶元)订立战略合作协议，据此，协议订约方同意建立战略合作，凭借公司在碳化硅材料领域的 优势及青禾晶元在键合设备定制与优化方面的能力，共同开展键合材料(包括键合碳化硅(SiC)、绝缘体 上硅(SOI)、绝缘体上压电基板(POI)及超大尺寸(12英吋及以上)SiC复合散热基板)的工艺开发及技术迭 代。 ...

董事会认为，订约方将利用彼等各自的竞争优势，建立互利互惠的合作伙伴关系。通过结合公司在SiC 外延片领域的行业实力与青禾晶元在键合集成技术及设备方面的专业知识，合作旨在促进先进键合材料 解决方案的开发并优化生产工艺。预期此合作将提升集团在大尺寸复合基板方面的技术能力，确保设备 稳定性，并进一步巩固集团的市场地位。 智通财经APP讯，天域半导体(02658)公布，于2026年1月16日(交易时段后)，公司及青禾晶元半导体科 技(集团)有限责任公司(青禾晶元)订立战略合作协议，据此，协议订约方同意建立战略合作，凭借公司 在碳化硅材料领域的优势及青禾晶元在键合设备定制与优化方面的能力，共同开展键合材料(包括键合 碳化硅(SiC)、绝缘体上硅(SOI)、绝缘体上压电基板(POI)及超大尺寸(12英吋及以上)SiC复合散热基板) 的工艺开发及技术迭代。 ...

5.优先合作：于合作期间，在同等条件下，公司应优先与青禾晶元开展整线项目合作，并优先采购青禾 晶元的相关设备。然而，若青禾晶元提供的设备无法满足公司的技术指标、量产良率要求或货期需求， 公司有权向第三方采购，不视为违约。 董事会认为，订约方将利用彼等各自的竞争优势，建立互利互惠的合作伙伴关系。通过结合公司在SiC 外延片领域的行业实力与青禾晶元在键合集成技术及设备方面的专业知识，合作旨在促进先进键合材料 解决方案的开发并优化生产工艺。预期此合作将提升集团在大尺寸复合基板方面的技术能力，确保设备 稳定性，并进一步巩固集团的市场地位。 3.设备改进及技术支持：公司应从工艺开发、批量制造的角度给予设备改进及升级迭代的指导。青禾晶 元应配合公司量产需求，加大研发投入，提升设备能力。同时，青禾晶元在公司使用过程中遇到的技术 问题，应积极配合应对。 4.知识产权：在技术开发过程中，订约一方各自独立研发的知识产权归各自独立所有。 格隆汇1月16日丨天域半导体(02658.HK)公告，于2026年1月16日，公司及青禾晶元半导体科技(集团)有 限责任公司("青禾晶元")订立战略合作协议，据此，协议订约方(各自为"订约一方"， ...

Core Viewpoint - The collaboration between Unimicron Technology and United Microelectronics Corporation (UMC) aims to enhance the semiconductor advanced packaging supply chain in response to high-end manufacturing demands in the AI era [1] Group 1: Partnership Details - UMC plans to invest NT$700 million in Unimicron's cash capital increase [1] - Unimicron intends to issue unsecured corporate bonds not exceeding NT$15 billion [1] Group 2: Strategic Implications - The partnership focuses on addressing the capacity bottleneck of TSMC's CoWoS technology [1] - Integrating Unimicron into UMC's advanced packaging core industry chain strengthens ecosystem integration [1]

如果您希望可以时常见面，欢迎标星收藏哦~ 外资大摩在最新的研究报告中指出，尽管市场对成熟制程记忆体（Old Memory）仍存疑虑，但随 着 供 需 缺 口 进 一 步 扩 大 ， 2025 年 第 二 季 至 2026 年 将 迎 接 新 一 波 超 级 周 期 。 报 告 强 调 ， 包 含 DDR4、DDR3、NOR Flash 以及SLC/MLC NAND 等产品的供给吃紧状况正持续加剧，目前完全 没有理由转向悲观。 报告指出，由于主流制程（如DDR5或HBM）产能需求强劲，持续排挤成熟制程的产能分配。报 告显示，第一梯队的企业买家在2026年1月份对DDR4的采购态度转趋积极，试图抢占额外的出货 额度。但是在供应受限的情况下，预计第一季DDR4的价格涨幅可能高达50%，且这股涨势将延续 至第二季。此外，由于产能从DDR3转向DDR4，导致高密度DDR3产品出现严重短缺，进而带动 DDR3供应商的业绩追赶。 *免责声明：文章内容系作者个人观点，半导体芯闻转载仅为了传达一种不同的观点，不代表半导体芯闻对该 观点赞同或支持，如果有任何异议，欢迎联系我们。 推荐阅读 10万亿，投向半导体 芯片巨头，市值大跌 ...

龙虎榜方面，思源电气回封涨停，获深股通买入3.07亿，而四家机构卖出2.92亿。美年健康获三家一线游资（广发证券深圳后海、国泰海通证券上海海阳西 路、国联民生证券宁波分公司）合计买入8.62亿。 一、沪深股通前十大成交 今日沪股通总成交金额为1660.31亿，深股通总成交金额为2005.41亿。 | | 沪股通 ( | 1月16日 D | | | --- | --- | --- | --- | | 排名 | 股票代码 | 股票名称 | 成交金额(亿元) | | 1 | 601899 | 紫金矿业 | 27.48 | | 2 | 601138 | 工业富联 | 22.14 | | 3 | 688012 | 中微公司 | 18.09 | | 4 | 603986 | 兆易创新 | 16.56 | | 5 | 600900 | 长江里力 | 16.41 | | 6 | 688256 | 寒武纪 | 15.88 | | 7 | 601318 | 中国平安 | 13.34 | | 8 | 600519 | 贵州茅台 | 12.89 | | 9 | 603259 | 药明康德 | 12.57 | | 10 | 60160 ...

华泰证券研报指出，4Q25法说会台积电FY26资本开支指引乐观。考虑到26财年跨国半导体龙头资本开 支维持乐观，全球洁净室建设需求旺盛，"建设力"扩张缓慢下，洁净室订单有望量价齐升、利润率上 修。AI应用需求落地下，先进制程、存储芯片供不应求，跨国半导体产业龙头建厂扩产需求明确，认 为洁净室作为场务基础设施环节，基本面有望率先出现积极变化，亚翔集成作为高端电子洁净室工程服 务龙头企业，有望充分受益，维持"买入"评级，上调目标价为235.62元（前值95.4元，对应26年 20xPE）。 ...

Market Overview - The Hong Kong stock market opened high but closed lower, with the Hang Seng Index down 0.29% to 26,844.96 points and a total turnover of HKD 255.08 billion. The Hang Seng China Enterprises Index fell 0.5% to 9,220.81 points, while the Hang Seng Tech Index decreased by 0.11% to 5,822.18 points. For the week, the Hang Seng Index rose 2.34%, the China Enterprises Index increased by 1.9%, and the Tech Index gained 2.37% [1] Blue-Chip Stocks Performance - Li Ning (02331) showed strong performance, rising 4.35% to HKD 20.4 with a turnover of HKD 54.6 million, contributing 3.16 points to the Hang Seng Index. Morgan Stanley's report indicates that Li Ning's revenue is expected to achieve moderate growth, with net profit margins stabilizing at high single digits, suggesting an upward revision in consensus net profit expectations [2] - Other blue-chip stocks included Techtronic Industries (00669) up 4.87%, Wharf Real Estate Investment (01997) up 2.78%, Alibaba Health (00241) down 5.16%, and Orient Overseas International (00316) down 4.98% [2] Sector Highlights Semiconductor Industry - The semiconductor sector showed strong performance, with companies like Zhaoyi Innovation (03986) up 16.74%, Tianyu Advanced (02631) up 13.5%, and Fortior (01304) up 8.21% [3] Power Equipment Stocks - Power equipment stocks generally rose, with Harbin Electric (01133) up 5.78%, Dongfang Electric (01072) up 4.92%, and Times Electric (03898) up 2.58%. The State Grid's investment plan of HKD 4 trillion for the 14th Five-Year Plan represents a 40% increase from the previous plan, indicating a positive outlook for the sector [4] Commercial Aerospace - The commercial aerospace sector saw a revival, with companies like Goldwind Technology (02208) up 3.52% and Junda Co. (02865) up 2.8%. The sector is expected to benefit from increased activity in space exploration and technology advancements [5] Robotics Sector - The robotics sector was active, with companies like Geekplus (02590) up 6.97% and Cloudwalk (02670) up 4.84%. A report from Omdia predicts significant growth in humanoid robot installations, with a forecast of 1.6 million units by 2025 [6] Shipping Sector - The shipping sector faced pressure, with Orient Overseas International (00316) down 4.98% and Seaspan (01308) down 3.96%. Maersk announced the resumption of operations through the Red Sea, which may lead to a 7%-8% increase in shipping capacity, potentially putting downward pressure on freight rates [7] Notable Stock Movements - MINIMAX (00100) led the AI sector with a rise of 22.35% to HKD 438, driven by its strategic focus on AI model breakthroughs [8] - Conant Optical (02276) reached a new high, up 10.52% to HKD 60.4, as Meta Platforms plans to double AI smart glasses production [9] - Derin Holdings (01709) rose 6.76% to HKD 2.21 after receiving conditional approval for digital asset consulting services [10] - Lithium stocks faced declines, with Ganfeng Lithium (01772) down 4.94% and Tianqi Lithium (09696) down 2.98%, as lithium futures prices fell [11]

盘面上，大型科技股多数表现低迷，小米跌2%，京东、美团、腾讯、百度均有跌幅，阿里巴巴逆势收 涨近1%，继续表现相对强势；波罗的海干散货运价指数连跌第9日，港口及海运股走低，昨日尾盘冲高 的内房股再度呈现跌势，新消费概念股、影视娱乐股、钢铁股、濠赌股、石油股、保险股、黄金股多数 下跌。 港股三大指数呈现高开低走行情，市场情绪表现疲弱，但总体跌幅不大。截止收盘，恒生指数跌 0.29%，国企指数跌0.5%，恒生科技指数跌0.11%。 另一方面，AI应用概念股午后部分回升，智谱再创新高，台积电2026年拟投入高达560亿美元，半导体 行业持续景气，芯片半导体全天活跃且午后涨幅加大，龙头中芯国际涨2.39%；国家电网披露4万亿计 划，电网迎景气周期，电力设备股继续涨势。(格隆汇) ...

Market Overview - The Hong Kong stock index opened high but closed lower, with the Hang Seng Index down 0.29% at 26,844.96 points, the Hang Seng Tech Index down 0.11% at 5,822.18 points, the National Enterprises Index down 0.5% at 9,220.81 points, and the Red Chip Index down 0.34% at 4,139.41 points [1] Company News - Tencent Holdings (00700.HK) repurchased 1.017 million shares for HKD 636 million at a price range of HKD 619-632 [2] - Xiaomi Group (01810.HK) repurchased 3.9 million shares for HKD 148 million at a price range of HKD 37.86-37.92 [3] - Six Fortune Group (00590.HK) reported a retail value increase of 26%, retail income increase of 17%, and same-store sales increase of 15% in Q3, exceeding expectations [3] - China Southern Airlines (01055.HK) reported a 11.89% increase in passenger capacity and a 19.28% increase in cargo capacity for December 2025 [6] Industry Insights - Tianfeng Securities noted that the Hong Kong stock market has a basis for short-term valuation recovery and sentiment improvement, but upward momentum may be constrained by high overseas interest rates [7] - The firm suggested a focus on technology and consumer sectors that are relatively undervalued [7] - According to Huatai Securities, the market is experiencing a shift towards a bullish sentiment, with historical data indicating a high probability of price increases following a period of panic [8] - Industry recommendations include prioritizing leading companies in the AI sector and exploring opportunities in insurance, banking, energy, and new consumption areas [8]