Monetary Policy - The People's Bank of China, led by Pan Gongsheng, will continue to implement a moderately loose monetary policy in 2026, focusing on stabilizing economic growth and ensuring reasonable price recovery [1] - There is still room for further reductions in reserve requirements and interest rates this year, with an emphasis on maintaining ample liquidity [1] Technology Development - Fudan University researchers have successfully developed "fiber chips," achieving large-scale integrated circuit preparation within flexible polymer fibers, with a transistor density of 100,000 per cm [1] - The technology allows for efficient interconnection of transistors and other electronic components, enabling both digital and analog circuit functions [1] Company News - Blue Arrow Aerospace's IPO review status has changed to "inquired" on the Shanghai Stock Exchange [2] - Yushu Technology clarified that its actual shipment of humanoid robots in 2025 will exceed 5,500 units, with over 6,500 units expected to be produced [3] - The Ministry of Commerce and nine other departments are promoting the participation of retail pharmaceutical companies in centralized drug procurement [3] Individual Company Performance - CATL launched a mass-produced sodium-ion battery for light commercial vehicles, capable of operating in extreme cold conditions [4] - Zhaoyi Innovation expects a net profit of approximately 1.61 billion yuan for 2025, a 46% increase year-on-year, with revenue projected at 9.203 billion yuan, a 25% increase [4] - Strong One Co. anticipates a net profit increase of 58% to 71% in 2025, driven by strong orders from major clients in the communication network and AI computing sectors [5] - Changda Technology plans to invest 1 billion yuan in a functional IC packaging substrate project to enhance its competitiveness in the high-end integrated circuit field [6] - Founder Technology forecasts a net profit increase of 67% to 98% in 2025, focusing on high-value business orders in AI servers and high-speed optical modules [7]

Core Viewpoint - Alibaba is preparing to spin off its AI chip manufacturing subsidiary, T-Head, into an independent entity with plans for an initial public offering (IPO) in the future, although the specific timeline remains uncertain [1] Group 1: Company Overview - T-Head Semiconductor Co., Ltd. was established in September 2018 as Alibaba's wholly-owned semiconductor chip business, covering a full-stack product series including data center chips and IoT chips [1] - T-Head has launched several AI inference chips, including the Hanguang 800, CPU Yitian 710, and AI chip PPU, as well as SSD controller chip Zhenyue 510 in the storage chip sector [1] - The company has also announced plans to release network chips and has achieved significant shipments of its edge-side YuZhen IoT chips, covering both cloud and terminal applications [1] Group 2: Industry Context - Baidu, another major internet giant, has also announced plans to spin off its Kunlun chip division, with a listing application submitted to the Hong Kong Stock Exchange for approval to list Kunlun shares on the main board by January 1, 2026 [1]

Group 1: Market Performance - Chinese assets have surged, with the Chinese concept stock index rising over 2% and major Hong Kong index futures increasing by approximately 1% [1] - Alibaba's stock price has skyrocketed by 6%, leading the Chinese concept stocks [3] Group 2: Alibaba's Business Developments - Alibaba is preparing to push its chip manufacturing business, Pingtouge, towards an IPO, starting with a restructuring to make it partially employee-owned [3] - The valuation of Pingtouge remains uncertain as the process is still in its early stages [4] Group 3: Economic Context - The U.S. stock market has risen due to easing geopolitical tensions, a rebound in tech giants, and solid economic data [4] - U.S. GDP growth for the third quarter slightly exceeded previous estimates, driven by stronger exports and less drag from inventory [4] - Initial jobless claims in the U.S. remained stable at 200,000, indicating a strong consumer base [4] Group 4: Geopolitical Factors - Trump's comments regarding Greenland have influenced market sentiment, with analysts noting a cautious approach from traders [4] - There are discussions about European countries potentially using U.S. assets as a countermeasure against Trump's Greenland-related tariff threats [5]

1月22日，据复旦大学官微，复旦大学纤维电子材料与器件研究院、高分子科学系、先进材料实验室、聚合物分子工程全国重点实验室彭慧胜、陈培宁团 队突破传统芯片硅基研究范式，近日率先提出并制备"纤维芯片"，相关成果以《基于多层旋叠架构的纤维集成电路》为题于北京时间1月22日凌晨发表于 国际期刊《自然》（Nature）。 "纤维芯片"在手指上的打结照片 | Explore content Y About the journal Y Publish with us Y Subscribe | | --- | 记者从复旦大学获悉，该研究得到国家自然科学基金委、科技部、上海市科委等项目支持。复旦大学纤维电子材料与器件研究院、高分子科学系、先进材 料实验室、聚合物分子工程全国重点实验室教授彭慧胜、陈培宁为本论文通讯作者，博士研究生王臻、陈珂和博士后施翔为共同第一作者。 "纤维芯片"到底有何神奇之处？ 王臻说，和普通芯片不同，"纤维芯片"不仅保持了纤维柔软、可编织的本征特性，更实现了电阻、电容、二极管、晶体管等电子元件的高精度互连，光刻 精度达到了实验室级光刻机最高水平。基于"纤维芯片"，未来人类可将发光、传感等模块直接集成在一 ...

周四，阿里巴巴(BABA.US)盘前涨近4%，现报175.20美元。消息面上，据报道，阿里巴巴正准备将推 动其芯片制造部门平头哥半导体上市，此举得益于投资者对这一领域内少数几家试图与英伟达竞争的企 业的浓厚兴趣。据知情人士透露，作为第一步，阿里巴巴计划将该部门改组为部分由员工持股的商业实 体。随后，该公司将考虑进行首次公开募股(IPO)，但具体时间尚不明确。据悉目前仍处于这一过程的 初期阶段，尚不清楚平头哥半导体能获得多少估值。 ...

1月22日，阿里巴巴美股夜盘快速拉升，现涨超3%，据彭博报道，其计划为AI芯片制造部门平头哥半导体进行IPO。 ...

以下文章来源于科创板日报 ，作者赵昊 科创板日报 . CoreWeave首席执行官Michael Intrator也在周三的一个论坛上提到AI繁荣的"实体属性"，他指出数据中心行业对水管工、电工和木工的需 求正在不断增加。 作为推动和运行最新AI模型的核心芯片制造商，英伟达正从全球数据中心建设热潮中大幅受益。 分析师平均预测，英伟达2025年数据中心芯片销售额有望接近2000亿美元。目前，其大部分收入来自微软、Meta、亚马逊、Alphabet等 大型数据中心建设商。 专注科创板和科技创新，上海报业集团主管主办，界面财联社出品。 英伟达首席执行官黄仁勋在最新的讲话中淡化了外界对人工智能技术可能引发长期失业风险的担忧。他指出，当前对熟练技工的需求正在快速上 升。 周三（1月21日），黄仁勋在瑞士达沃斯世界经济论坛上与贝莱德首席执行官拉里·芬克对话时表示， 由于对运行和训练人工智能的数据中 心建设的需求，水管工、电工和建筑工人将能够获得"六位数年薪" 。 当下，人们担心人工智能可能颠覆全球各国就业市场。对此，黄仁勋称，这项技术将带来人类历史上规模最大的基础设施建设之一，新增投 资将高达数万亿美元。 "我们看到这一 ...

团队开发了与目前光刻工艺有效兼容的制备路线。他们首先采用等离子体刻蚀技术，将弹性高分子表 面"打磨"至低于1纳米的粗糙度，有效满足商业光刻要求。随后，在弹性高分子表面沉积一层致密的聚 对二甲苯膜层，为电路披上一层"柔性铠甲"。这层保护膜不仅可以有效抵御光刻中所用极性溶剂对弹性 基底的侵蚀，还能缓冲电路层受到的应变，确保纤维芯片在反复弯折、拉伸变形后，电路层结构和性能 依然稳定。 来源：科技日报 卢力媛 科技日报记者 王春 智能设备的柔性化始终卡在一个关键瓶颈：作为"大脑"的芯片，长久以来都是硬质的。复旦大学彭慧 胜/陈培宁团队成功在弹性高分子纤维内部，构建出大规模集成电路，研发出全新的"纤维芯片"，为解 决柔性化难题提供了新的有效路径。这项成果于1月22日发表在国际期刊《自然》上。 该设计使纤维内部的空间得到极致利用，实现了一维受限尺寸内的高密度集成。 该成果有望为纤维电子系统的集成提供新的路径，有望实现从"嵌入"到"织入"的转变，助力脑机接口、 电子织物、虚拟现实等新兴领域的变革发展。 供图：复旦大学 海报制作：杨凯 王程玥 ...

消息面:阿里千问衍生模型数突破20万个，成为全球首个达成此目标的开源大模型；同时，千问系列模型下 载量突破10亿次，平均每天被下载110万次。现货黄金站上4830美元/盎司，日内涨1.5%，本月涨幅超 10%。 欢迎您在评论中分享自己的看法，大家一起学习和讨论。 大消费板块集体走弱，白酒、旅游酒店方向领跌，其中利群股份下跌5.16%，永辉超市/九华旅游/金徽酒等 跌幅均在4%上方。煤炭板块下挫，其中大有能源跌近8%。乳业/水泥建材/电力等分行业板块紧随其后。 受周边影响，贵金属概念持续爆发，其中湖南白银2连板。芯片产业链涨势扩大，包括华天科技、龙芯中 科、至正股份等在内的10余只个股涨停。锂矿概念震荡反弹，其中盛新锂能、大中矿业均涨停。 低开高走后冲高回落，截止午盘三大指数均小幅收涨，其中沪指上涨0.16%，深成指上涨0.76%，创业板指 上涨0.85%。两市合计超2900只个股上涨，合计成交额1.63万亿。 ...

据华尔街日报报道，12月对美出口下降主要集中在汽车、汽车零部件和芯片制造设备等关键品类。这些 产品此前一直是日本对美出口的支柱。 亚洲需求提供支撑 在美国市场疲软的背景下，亚洲市场成为日本出口的重要支撑。数据中心相关需求在人工智能浪潮推动 下保持强劲，带动芯片和电子设备出口大幅增长。 日本12月出口同比增长5.1%，连续第四个月实现增长，但对美出口大幅下滑11.1%，为全年增长前景蒙 上阴影。 据日本财务省周四公布的数据，12月出口增幅低于市场预期的6.1%，也不及11月的6.1%增速。当月日 本实现贸易顺差1057亿日元，远低于路透调查预期的3566亿日元。 对美出口的急剧下滑成为主要拖累因素。汽车、汽车零部件和芯片制造设备对美出口疲软，导致美国市 场出货量较上年同期下降11.1%，与11月8.8%的增长形成鲜明对比。尽管日本与美国的贸易协议将关税 降至15%的基准水平，但日本汽车制造商仍面临关税压力。 对亚洲其他地区的出口则表现强劲。受人工智能热潮推动的数据中心相关需求支撑，对亚洲出口12月跃 升10.2%，芯片和电子设备需求尤为旺盛。 美国市场需求转弱 对美出口的下滑引发分析师对未来增长可持续性的担忧。 ...