Group 1 - The U.S. White House announced a 25% import tariff on certain semiconductor products, manufacturing equipment, and derivatives starting January 15 [1] - The World Trade Organization (WTO) reported that as of December 2025, 19.7% of global imports are affected by tariffs and similar measures, up from 12.6% a year earlier [1] - WTO Director-General Iweala stated that the global trading system is experiencing the most severe turmoil in 80 years, characterized by significant increases in unilateral tariffs, geopolitical tensions, and escalating regional conflicts [1]

关税突发。 据央视新闻消息，当地时间2026年1月14日，美国白宫宣布，从15日起对部分进口半导体、半导体制造 设备和衍生品加征25%的进口从价关税。 此前，当地时间2025年8月6日，美国总统特朗普表示，美国将对芯片和半导体征收约100%的关税。特 朗普称，如果在美国制造，将不收取任何费用。 美国联邦最高法院2025年11月曾就特朗普政府关税政策的合法性举行听证会，听取相关辩论。辩论中， 大多数最高法院大法官对政府依靠宣布"国家紧急状态"来征收全面关税政策持怀疑态度。部分大法官质 疑《国际紧急经济权力法》是否应该赋予总统加征关税的权限。 世贸组织：全球近20%进口商品受关税等措施影响 世界贸易组织2025年12月发布的年度《贸易措施监督报告》显示，目前全球19.7%的进口商品受到关税 和其他类似措施的影响，而一年前这一比例仅为12.6%。 世贸组织总干事伊维拉在贸易政策审议机构正式会议上发言指出，全球贸易体系正在经历80年来最严重 的动荡，单边关税大幅增加、地缘政治紧张和区域冲突加剧。 特朗普当天在白宫对记者表示，这一税率将适用于"所有进入美国的芯片和半导体"，但不适用于已承诺 或已启动程序在美国制造相关产 ...

Group 1 - The U.S. government announced a 25% import tariff on certain semiconductors, semiconductor manufacturing equipment, and derivatives starting January 15, 2026 [1] - Former President Trump previously indicated a potential 100% tariff on chips and semiconductors, exempting companies that commit to manufacturing in the U.S. [1] - The U.S. Supreme Court has not yet ruled on the legality of Trump's tariff policies, leaving ongoing legal challenges unresolved [1] Group 2 - Following rulings from the U.S. Court of Appeals and the U.S. International Trade Court declaring Trump's tariff policies illegal, an appeal was made to the Supreme Court [2] - The Supreme Court postponed its decision on the legality of the tariff policies to January 14, 2026, after initially planning to announce a ruling on January 9 [2] - The World Trade Organization reported that nearly 20% of global imports are affected by tariffs and similar measures, a significant increase from 12.6% the previous year [2]

（文章来源：证券日报） 证券日报网讯 1月14日，三安光电在互动平台回答投资者提问时表示，公司光技术产能2750片/月，其 中磷化铟产能为2500片/月。 ...

如果您希望可以时常见面，欢迎标星收藏哦~ 2026年1月，名古屋大学低温等离子体科学研究中心肖新安教授和堀胜教授领导的研究团队与东 京电子宫城株式会社合作，宣布他们已阐明了使用冷却晶片和氟化氢（HF）等离子体的反应离子 刻蚀（RIE）工艺的机理。与传统工艺相比，二氧化硅（ SiO2）薄膜的刻蚀速度提高了五倍。此 外，使用HF作为刻蚀气体也降低了对环境的影响。 在制造结构精细复杂的器件时，例如 GAA（环栅）晶体管和 3D NAND 闪存，传统 RIE 工艺的 蚀刻速率会显著降低。为了解决这个问题，我们提出了一种采用 HF 等离子体并冷却晶圆的新工 艺。 当衬底温度保持在较低水平，例如-60℃时，刻蚀气体HF和反应产物水（H2O ）会吸附在SiO2表 面。研究发现， H2O起到催化剂的作用，将SiO2的刻蚀活化能降低到几乎为零。 点这里加关注，锁定更多原创内容 *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。 10万亿，投向半导体 芯片巨头，市值大跌 黄仁勋：HBM是个技术奇迹 Jim Keller：RISC-V一定 ...

截至发稿，张晓南累计任职时间10年144天，现任基金资产总规模290.55亿元，任职期间最佳基金回报 138.6%， 任职期间最差基金回报-40.49%。 数据显示，景顺长城基金旗下1只基金重仓燕东微。景顺长城中证500增强策略ETF（159610）三季度持 有股数18.54万股，占基金净值比例为1.45%，位居第四大重仓股。根据测算，今日浮亏损失约12.24万 元。连续4天下跌期间浮亏损失66.2万元。 景顺长城中证500增强策略ETF（159610）成立日期2021年12月13日，最新规模3.5亿。今年以来收益 6.81%，同类排名1809/5520；近一年收益48.21%，同类排名1657/4203；成立以来收益18.6%。 景顺长城中证500增强策略ETF（159610）基金经理为张晓南、郭琳。 1月14日，燕东微跌1.99%，截至发稿，报32.54元/股，成交6.16亿元，换手率2.41%，总市值464.55亿 元。燕东微股价已经连续4天下跌，区间累计跌幅9.89%。 资料显示，北京燕东微电子股份有限公司位于北京市北京经济技术开发区经海四路51号，成立日期1987 年10月6日，上市日期2022年1 ...

Market Overview - The Hang Seng Index closed at 26,848, down 0.90% for the day, but up 4.75% year-to-date[3] - The S&P 500 Index closed at 6,964, down 0.19% for the day, with a year-to-date increase of 1.73%[3] - The Nikkei 225 Index rose by 3.10%, closing above 53,000 points for the first time, driven by expectations of domestic policy changes and fiscal stimulus[12] Sector Performance - Defensive sectors like pharmaceuticals, gold, and oil showed strong performance, with gold prices surpassing $4,630 per ounce, marking a historical high[9] - The biopharmaceutical sector saw significant gains, with WuXi AppTec's revenue expected to reach 45.456 billion yuan, a year-on-year increase of 15.84%[9] - Automotive stocks also rose, with companies like Li Auto and Great Wall Motors increasing by over 2% due to positive developments in EU electric vehicle export negotiations[9] Geopolitical and Economic Factors - Concerns over geopolitical risks have led to increased demand for safe-haven assets, contributing to the rise in gold and oil stocks[9] - The U.S. December Consumer Price Index (CPI) showed a year-on-year increase of 2.7%, aligning with market expectations and reinforcing predictions of potential interest rate cuts by the Federal Reserve in 2026[10][15] - The U.S. budget deficit for 2025 is projected to narrow to approximately $1.7 trillion, the smallest in three years, due to increased tariff revenues[15]

国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ 1月14日消息，立讯精密公告称，由于印度闻泰相关资产存在包括资产查封、冻结等在内的交 割受限情形，导致无法办理权属变更手续，相关资产交易尚未完成权属交割。基于前述因交 易对方原因导致的实质性交割障碍， 本次印度资产转让协议的合同目的已无法实现 。 立讯精密表示，为维护公司及全体股东利益，公司之全资子公司 LuxshareLantoIndiaPrivateLimited （"Luxshare Lanto"）向印度闻泰发出终止协议通 知， 并要求印度闻泰退还公司已支付的交易对价及其他费用共计印度卢比 1,976,753,392.38 元（约人民币 1.53 亿元） 。 立讯精密还称，由于印度闻泰未按要求退还前述款项，目前 LuxshareLanto 已向新加坡国际 仲裁中心提起 仲裁申请 并提交了仲裁通知，请求裁决终止印度资产转让协议，并诉请印度闻 泰退还 Luxshare Lanto 已支付的交易对价及其他费用合计印度卢比 1,976,753,392.38 元 （约人民币 1.53 亿元），并支付至实 ...

1月16日，中国科学院沈阳科学仪器股份有限公司（以下简称"中科仪"）将登陆北交所首发上会，保荐 机构为招商证券。 这家背靠中科院的国资企业，计划向不特定合格投资者公开发行不超过5200万股股票；若全额行使超额 配售选择权，发行股数可达5980万股，预计募集资金8.25亿元，用于干式真空泵产业化、高端半导体设 备扩产及研发项目。 | 序号 | 项目名称 | 项目投资额 (万元) | 拟使用募集资 金额(万元) | | --- | --- | --- | --- | | | 干式真空泵产业化建设项目 | 70,000.00 | 23,056.45 | | 2 | 高端半导体设备扩产及研发中心建设项目 | 47,388.27 | 47,388.27 | | 3 | 新一代干式真空泵及大抽速干式螺杆泵研发项目 | 12,103.61 | 12,103.61 | | | 合计 | 129,491.88 | 82,548.33 | 作为国内集成电路领域出货量最大的干式真空泵制造商，中科仪头顶"国产替代标杆"光环，然而招股书 揭示了另一面：净利润动辄数亿级暴增，核心依赖金融资产公允价值变动；毛利率持续下滑，不敌同行 业可比 ...

Core Insights - The current market perception equates "investing in technology" with "buying AI," with popular sectors like optical modules seen as entry points into the AI trend [1] - Zhang Jiansheng, a fund manager at Baodao Fund, adopts a unique investment style that focuses on early-stage opportunities rather than chasing hot stocks, achieving significant returns [1][2] - His fund, Baodao Shengyan A, reported over 45% annual returns in 2025 and a cumulative return of over 65% in three years, showcasing strong mid-to-long-term performance [1] Investment Strategy - Zhang's investment framework emphasizes a "bottom-up" approach, moderate industry diversification, and a balanced growth focus, with a strong emphasis on valuation and drawdown control [2][3] - He maintains a cautious risk preference shaped by his early career experiences during market volatility, leading to a left-side trading characteristic where he buys and sells based on predetermined market cap targets [1][2] Stock Selection Criteria - Zhang's stock selection is guided by three main dimensions: competitive barriers, industry prosperity, and valuation, with a particular focus on avoiding high premium valuations in the TMT sector [2] - He prefers to invest in lesser-known stocks with lower valuations and moderate market attention, allowing for a more controlled downside risk [2][4] Portfolio Construction - The portfolio is diversified across high-end manufacturing, TMT, and consumer sectors, with no single industry exceeding 25% of holdings, resulting in better drawdown control compared to peers [3] - Zhang's strategy includes a tiered approach to portfolio construction, where some positions are taken on the left side while waiting for clearer signals on the right side [4] Market Outlook for 2026 - Zhang holds an optimistic view on the A-share market, supported by three key factors: a significant decrease in risk premiums, ongoing regulatory support for capital markets, and signs of corporate earnings recovery [5] - Investment focus areas for 2026 include AI, particularly in storage and connectivity sectors, as well as traditional industries like chemicals and consumer sectors where valuation recovery opportunities exist [5][6]