1、 商务部新闻发言人就安世半导体问题答记者问 ：中方注意到荷兰经济大臣卡雷曼斯于11月6日发表的声明，但截至目前尚未见到荷方在停止侵 害中国企业合法权益和恢复全球半导体供应链稳定方面的实际行动 。 中方希望，荷方表态不能只停留在口头上，应尽快实质性提出建设性方案并采 取实际行动，从源头上迅速且有效恢复全球半导体供应链稳定，以及停止用行政手段介入并干涉企业内部事务，推动安世半导体问题早日解决 。 中 方同意荷经济部派员来华磋商的请求 。 2、 美国参议院民主党领袖查克·舒默向共和党提出一项新方案，试图结束10月1日开始的美国政府停摆僵局 。根据舒默的提案，民主党人将同意通过 一项为政府运营提供短期资金的决议。作为交换，共和党需同意将《平价医疗法案》的税收抵免单独延长一年。美国参议院共和党人回绝了该项提议，并 称"没有讨论的余地"。不过双方开始交换提案的举动，被市场解读为谈判僵局可能松动的迹象。 1、 国务院新闻办公室发布《碳达峰碳中和的中国行动》白皮书 。白皮书除前言、结束语外分为六个部分，分别是坚定不移推进碳达峰碳中和、能 源绿色低碳转型取得显著成效、重点领域低碳发展深入推进、重点降碳路径全面落地见效、支撑 ...

Macro Dynamics - The Chinese Ministry of Commerce has responded to the Netherlands' Economic Minister's statement regarding ASML, emphasizing the need for substantive actions to restore global semiconductor supply chain stability [2] - The Chinese government has agreed to the Netherlands' request for discussions in China [2] Regulatory Actions - The National Radio and Television Administration of China has initiated a special governance project to address inappropriate animation micro-dramas and short videos, including AIGC, comics, and emoji-based content, to create a safer online environment for minors [3] Electric Vehicle Regulations - The National Certification and Accreditation Administration of China has announced strict management of electric bicycle certification, with all existing certifications based on outdated standards to be revoked by December 1, 2025 [5] Economic Relations - Canadian Prime Minister Carney stated that the historically close economic relationship between Canada and the U.S. has ended, calling for a rapid and thorough change in Canada's economic strategy [6] Financial Institutions - Industrial and Commercial Bank of China plans to issue financial bonds with a maximum scale of 488 billion RMB or equivalent foreign currency for the year 2026 [7] Market Data - U.S. stock markets ended mixed, with the Nasdaq down 0.21% and the S&P 500 up 0.13%, marking the end of a three-week rising streak [8] Company Dynamics - Meta's internal documents revealed that approximately 10% of its projected annual revenue for 2024, around 11.4 billion RMB, may come from fraudulent advertisements, with the platform displaying 15 billion high-risk ads daily [10] - American Airlines and United Airlines announced significant flight cancellations due to a 4% reduction mandate from the FAA [11] - China Aluminum responded to recent executive changes, stating they are normal personnel adjustments [12] - Pfizer has agreed to acquire Metsera for $10 billion, concluding a bidding war with Novo Nordisk [13] - Honor plans to launch a Robot Phone that integrates AI and high-definition imaging technology next year [14]

Group 1: Carbon Neutrality and Energy Transition - The State Council Information Office released a white paper titled "China's Actions on Carbon Peak and Carbon Neutrality," emphasizing the importance of achieving carbon peak and carbon neutrality as a major decision for sustainable development [1] - The white paper outlines significant achievements in green and low-carbon energy transformation, highlighting the establishment of a robust support system for low-carbon development [1] - It stresses that the past five years have seen China firmly implement the concept of "lucid waters and lush mountains are invaluable assets," leading to historic accomplishments in green and low-carbon transitions [1] Group 2: Semiconductor Supply Chain - The Ministry of Commerce responded to the ASML semiconductor issue, noting that China has not seen substantial actions from the Netherlands to restore global semiconductor supply chain stability [2] - China has announced exemptions for relevant exports to stabilize the semiconductor supply chain and called for constructive proposals from the Netherlands to resolve the ASML issue [2] Group 3: Internet Development and AI - The "China Internet Development Report 2025" indicates that artificial intelligence (AI) will rapidly expand application scenarios and deepen user penetration, becoming a core driver for the intelligent upgrade of the real economy [3] - The "World Internet Development Report 2025" highlights significant improvements in AI model reasoning capabilities and the increasing importance of embodied intelligence across various sectors [3] Group 4: Mining and Resource Discovery - Gansu Province has discovered a super-large magnesium limestone deposit with over 700 million tons of resources, marking a significant breakthrough in mineral resource exploration [4] - The discovered limestone has diverse utilization value, serving as an important raw material for magnesium smelting and applicable in various industrial fields [4] Group 5: Platinum Market Dynamics - The global platinum market is entering a sustained shortage cycle, with supply heavily reliant on South Africa, where mining expansion takes three years, leading to a structural deficit in the industry [5]

Core Insights - Guangdong Mingguan Oasis Technology Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The company focuses on various sectors including artificial intelligence, semiconductor manufacturing, and big data services [1] Company Overview - The registered capital of the company is 10 million RMB [1] - The business scope includes software development for artificial intelligence, big data services, and manufacturing of electronic components [1] Industry Focus - The company is involved in the development of artificial intelligence theories and algorithms, as well as general application systems [1] - It also engages in semiconductor manufacturing, including integrated circuits and optoelectronic devices [1] - The company provides technology services such as consulting, development, and transfer, along with new materials technology research [1]

来源：商务部网站 商务部新闻发言人就安世半导体问题答记者问 有记者问：近日，荷兰经济大臣卡雷曼斯在个人社交媒体账户发布关于安世半导体问题的声 明，请问商务部对此有何评论？ 答：中方注意到荷兰经济大臣卡雷曼斯于11月6日发表的声明，但截至目前尚未见到荷方在停 止侵害中国企业合法权益和恢复全球半导体供应链稳定方面的实际行动。中方本着对全球半导 体供应链稳定与安全的负责任态度，已于11月1日宣布对符合条件的相关出口予以豁免，而造 成当前全球半导体供应链混乱的源头和责任在荷方。中方希望，荷方表态不能只停留在口头 上，应尽快实质性提出建设性方案并采取实际行动，从源头上迅速且有效恢复全球半导体供应 链稳定，以及停止用行政手段介入并干涉企业内部事务，推动安世半导体问题早日解决。中方 同意荷经济部派员来华磋商的请求。 网页截图↑ 603897，"闪电"终止筹划重大事项 复牌！ ...

Core Viewpoint - The Chinese Ministry of Commerce has responded to the recent statement by Dutch Economic Minister Karremans regarding ASML, emphasizing the need for concrete actions from the Netherlands to restore global semiconductor supply chain stability [1]. Group 1: China's Position - China has noted the statement made by the Dutch Economic Minister on November 6, but has not seen any actual actions from the Netherlands to stop infringing on the legitimate rights of Chinese enterprises and to restore stability in the global semiconductor supply chain [1]. - China has taken a responsible approach towards the stability and security of the global semiconductor supply chain, announcing exemptions for eligible exports on November 1 [1]. - The source of the current chaos in the global semiconductor supply chain is attributed to the Netherlands, and China urges the Netherlands to move beyond verbal statements to propose constructive solutions and take practical actions [1]. Group 2: Diplomatic Engagement - China has expressed willingness to engage in discussions with the Dutch Ministry of Economic Affairs, agreeing to their request to send representatives to China for consultations [1].

答：中方注意到荷兰经济大臣卡雷曼斯于11月6日发表的声明，但截至目前尚未见到荷方在停止侵害中 国企业合法权益和恢复全球半导体供应链稳定方面的实际行动。中方本着对全球半导体供应链稳定与安 全的负责任态度，已于11月1日宣布对符合条件的相关出口予以豁免，而造成当前全球半导体供应链混 乱的源头和责任在荷方。中方希望，荷方表态不能只停留在口头上，应尽快实质性提出建设性方案并采 取实际行动，从源头上迅速且有效恢复全球半导体供应链稳定，以及停止用行政手段介入并干涉企业内 部事务，推动安世半导体问题早日解决。中方同意荷经济部派员来华磋商的请求。 责任编辑：郝欣煜 11月8日，商务部新闻发言人就安世半导体问题答记者问。 有记者问：近日，荷兰经济大臣卡雷曼斯在个人社交媒体账户发布关于安世半导体问题的声明，请问商 务部对此有何评论？ ...

Core Viewpoint - The transition from organic substrates to glass core substrates in advanced packaging is driven by the pursuit of higher performance, offering advantages such as superior mechanical strength, better electrical performance, and the ability to meet new line width/spacing requirements of 1.5µm and below [2][5]. Group 1: Advantages of Glass Core Substrates - Glass core substrates provide better mechanical strength and are more suitable for large-size packaging compared to organic substrates [2]. - They support advanced logic nodes and high-performance packaging with dense interconnections [2]. Group 2: Challenges in Glass Substrate Manufacturing - Glass substrates currently cannot fully replace organic substrates due to various challenges, including the brittleness of glass, which complicates the manufacturing process [5]. - The manufacturing of Through Glass Vias (TGV) requires ultra-high precision, and any small cracks or defects can lead to significant issues later in the process [5][7]. Group 3: TGV Manufacturing Process - The TGV manufacturing process begins with a defect-free glass panel, as even minor defects can accumulate and lead to catastrophic failures [8]. - Uniformity in glass panel thickness is crucial, as variations can affect the reliability and performance of the TGVs [9]. Group 4: Key Steps in TGV Manufacturing - After forming the vias, the substrate undergoes thorough cleaning to remove contaminants, which is critical for ensuring adhesion in subsequent layers [10][11]. - The deposition of a seed layer is essential for the electroplating process, and challenges include achieving uniform coverage in high aspect ratio vias [11][12]. Group 5: Process Control Solutions - Prior to TGV manufacturing, it is vital to ensure the glass panel is free from defects, utilizing advanced laser scanning and optical systems for detection [13]. - Continuous monitoring of critical dimensions and defect detection during the manufacturing process is necessary to maintain product integrity and optimize yield [14][15]. Group 6: Market Potential and Future Outlook - The market for glass core substrates is in its early stages, with significant growth potential projected, reaching an estimated revenue of $275 million by 2030 according to Yole Group [16]. - Manufacturers that invest in comprehensive process insights and tools will lead the industry as the application of glass substrates accelerates [16].

Core Viewpoint - The Chinese government has announced that it will consider exemptions for exports from companies affected by the recent semiconductor supply disruptions caused by the Dutch government's actions against a Chinese semiconductor firm, Nexperia [1] Group 1: Export Exemptions and Supply Chain Impact - The Chinese Ministry of Commerce stated that it will grant export exemptions to eligible companies facing difficulties, encouraging them to contact the authorities [1] - German automotive suppliers, including Aumovio, are urgently seeking exemptions for exports of Nexperia chips, indicating a significant demand for these components [1] - Aumovio confirmed that after obtaining the exemption, exports of Nexperia chips from China have resumed, benefiting major clients like Volkswagen, Stellantis, and BMW [1] Group 2: Industry Reactions and Future Outlook - Aumovio's CEO announced during a quarterly earnings call that they have received confirmation of resumed chip exports from China, alleviating previous concerns about production halts [2] - Other companies, such as Honda and Bosch, are also reporting progress in obtaining chips from China, although there are still uncertainties regarding the overall supply situation [3][2] - The German government expressed relief at the easing of tensions between the Netherlands and China, emphasizing the importance of restoring chip supplies for the automotive industry [5] Group 3: Diplomatic Developments - The Dutch government has softened its stance, indicating a willingness to allow Nexperia's Chinese factory to resume shipments, aligning with information provided to the EU [6] - The Dutch Minister of Economic Affairs acknowledged the importance of the recent agreements between China and the Netherlands, which could lead to a swift resolution of the supply issues [6] - Analysts suggest that the Dutch government's change in tone reflects concerns about the long-term impact of the dispute on bilateral relations and broader trade negotiations with China [7]

Core Viewpoint - The Dutch government is reportedly willing to suspend its control over Nexperia, a Chinese semiconductor company, if China agrees to resume the export of critical chips, indicating a potential easing of tensions in the global semiconductor supply chain [1][4]. Group 1: Events Leading to the Situation - The global chip supply crisis was triggered by the Dutch government's actions, which invoked a rarely used law to seize control over Nexperia's decision-making [3]. - The Dutch government granted itself the authority to block or modify key decisions of Nexperia for up to one year, impacting the company's operations and workforce [3][4]. - The U.S. had previously expanded export controls affecting Nexperia, which is a wholly-owned subsidiary of China's Wingtech Technology, leading to significant operational disruptions [4]. Group 2: Responses and Developments - Following the announcement of the U.S. pausing its export control rules, the Dutch government's position became precarious, facing legal and political challenges [5]. - China has indicated a willingness to relax its export controls, which could facilitate the resumption of chip supplies to global automakers, alleviating concerns over production halts [5][6]. - The Dutch Minister of Economic Affairs stated that constructive dialogue with China has led to expectations of chip supplies resuming soon, which could stabilize the situation for European and global automotive manufacturers [1][6]. Group 3: Market Reactions - Following the news of potential easing of tensions, shares of Wingtech Technology surged nearly 10% in Shanghai, while major European automotive manufacturers also saw slight increases in their stock prices [1]. - The European automotive industry has expressed concerns about production halts if the chip supply issue is not resolved, highlighting the urgency of the situation [4].