Group 1: Fiscal Data - In the first five months, the national general public budget revenue reached 96,623 billion yuan, a year-on-year decrease of 0.3% [1] - Tax revenue was 79,156 billion yuan, down 1.6% year-on-year, while non-tax revenue increased by 6.2% to 17,467 billion yuan [1] - The securities transaction stamp duty amounted to 668 billion yuan, showing a significant year-on-year growth of 52.4% [1] Group 2: Banking and Finance - The People's Bank of China announced the first batch of institutions participating in the cross-border payment system, including major banks from both mainland China and Hong Kong [2] - Everbright Wealth became the first bank wealth management company to participate in offline IPO subscriptions, successfully bidding for shares in Xintong Electronics [2] - Everbright Wealth's mixed product "Sunshine Orange Absolute Return Strategy" was used for the subscription, indicating a growing trend in bank wealth management participation in equity markets [2] Group 3: Robotics Industry - IDC forecasts that the commercial sales volume of humanoid robots in China will reach nearly 60,000 units by 2030, with a compound annual growth rate of 95.3% [2] - The market is experiencing strong growth, with an estimated 2,000 units expected to be sold in 2024 [2] Group 4: Gaming Industry - In May 2025, China's gaming market size reached 28.051 billion yuan, reflecting a year-on-year growth of 9.86% [3] - The mobile gaming market contributed significantly, with a size of 21.177 billion yuan, up 11.96% year-on-year [3] - The actual sales revenue of self-developed games in overseas markets was 1.577 billion USD, marking a year-on-year increase of 6.93% [3] Group 5: Wine Industry - The wholesale reference price for 2025 Feitian Moutai has dropped to 1,900 yuan per bottle, indicating a decline in market prices [4] - Wuliangye announced a record high dividend payout of 22.3 billion yuan for 2024, with a dividend rate of 70% [5][6] Group 6: Semiconductor Industry - The global semiconductor foundry market is witnessing a shift, with SMIC rapidly closing the gap with Samsung Electronics [6] - SMIC's market share has risen to 6%, while Samsung's has decreased to 7.7%, highlighting a competitive landscape [6] Group 7: Logistics and Technology - Ele.me reported that a logistics supervisor was suspected of job-related crimes and has been reported to the police [7] - Yushu Technology completed a C-round financing of approximately 700 million yuan, with plans for an IPO primarily in the A-share market [7] Group 8: Construction Industry - China Power Construction Company signed new contracts worth 474 billion yuan in the first five months, a decrease of 0.93% year-on-year [8] Group 9: Stock Repurchase - Kailong High-tech received a commitment letter for a stock repurchase loan of 25 million yuan from China Everbright Bank [9] Group 10: Regulatory Actions - ST Aowei received an administrative supervision decision from the China Securities Regulatory Commission for inaccuracies in financial disclosures [10][11] Group 11: Renewable Energy - Guosheng Technology signed a sales contract for photovoltaic components worth 1.043 billion yuan with China General Nuclear Power Group [12]

Core Insights - The global semiconductor foundry market is undergoing significant changes, with TSMC maintaining a dominant position while SMIC is rapidly gaining market share at the expense of Samsung Electronics [2][3][4] Market Performance - In Q1 2025, the total revenue of the top ten foundries decreased by 5.4% to $36.43 billion, with TSMC's revenue falling by 5% to $25.517 billion, yet its market share increased by 0.5 percentage points to 67.6% [3][4] - Samsung's revenue dropped significantly by 11.3% to $2.893 billion, leading to a decline in market share from 8.1% to 7.7% [3][4] - SMIC was the only company among the top three to achieve revenue growth, with Q1 2025 revenue reaching 16.301 billion yuan, a year-on-year increase of 29.4% [4][5] Market Share Dynamics - SMIC's market share rose from 5.5% to 6%, narrowing the gap with Samsung from 3.2 percentage points at the end of 2024 to 1.7 percentage points [4][5] - SMIC has surpassed GlobalFoundries and UMC to become the third-largest foundry [4][5] Factors Influencing Growth - SMIC's growth is attributed to strategic inventory buildup in response to U.S. tariffs and favorable domestic policies, which allowed it to thrive amid a market slowdown [2][4] - The decline in Samsung's market share is linked to delivery issues leading to customer loss and reduced orders, compounded by challenges in technology development and production efficiency [5][6] Competitive Landscape - TSMC's market share is significantly ahead of Samsung, with a gap of 59.9 percentage points as of Q1 2025, highlighting TSMC's stronghold in advanced process technology [7][8] - TSMC's 2nm process technology is progressing well, with a yield rate exceeding 60%, while Samsung's yield is around 40%, indicating a widening technological gap [7][8] Future Outlook - If SMIC continues its growth trajectory and optimizes its production processes, it may potentially surpass Samsung in the future, although significant technological advancements are still required [6][8] - The competition in the 2nm node is critical, with TSMC currently leading in technology and customer relationships, making it challenging for Samsung to catch up without substantial improvements [8]

关税倒计时下，芯片界"印钞机"再提速。 "全球芯片代工龙头"台积电最新营收再狂飙，特朗普反成最大催化剂。 周五，台积电公布4月营收报告，同比大增48.1%，创下史上最高单月记录。 今日，台股台积电(2330.TW)收涨3.38%%，报949元新台币。 美股盘前，美股台积电（TSM）上涨近2%报178.65美元，总市值9087.96亿美元。 自4月初特朗普关税落地来，台积电股价经历一轮震荡后，已经逐步回温。 又双叒新高 数据显示，台积电4月营收3495.67亿新台币（116亿美元），环比增22.2%，同比增48.1%，刷新历史新 高。 今年前4个月的营收同比增长43.5%，达到1.2万亿新台币（394亿美元），创下累计营收最快破兆记录。 | 12 | | --- | | 你 | | . | | 5 | | 台 | | 暗文 112 | | 百 | | 1 70 | | 項目 | 2025年 | 2025年 | 月增 (減) | 2024年 | 年增 (减) | 2025年 | 2024年 | 年增 (减) | | --- | --- | --- | --- | --- | --- | --- | --- | - ...

Company Insights - National Integrated Circuit Industry Investment Fund reduced holdings in two major chip foundries, SMIC and Hua Hong, selling 65.9772 million shares and 6.333 million shares respectively [3] - SMIC reported a net profit increase of 166.5% in Q1 2025, while Hua Hong's net profit decreased by 89.73% despite revenue growth [3] - Huawei's investment in Qianxun Smart is part of its strategy to expand in the humanoid robot sector, indicating a growing trend in the industry [9] - Huawei's HarmonyOS is entering a new phase with its debut on computers, potentially reshaping the global operating system market [10] - Apple is making progress in developing smart glasses chips, with expectations for the product to hit the market within two years, indicating a growing market for AI glasses [11] Industry Trends - The humanoid robot industry is entering a phase of diversification, with significant applications in industrial settings, suggesting investment opportunities in domestic component manufacturers [9] - The global smart glasses market is projected to ship 12.05 million units by 2025, reflecting an 18.3% year-on-year growth, highlighting the increasing adoption of AI-driven devices [11]

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 ↓ ↓ ↓ 除花旗银行外，美国银行也对该合资计划持悲观态度。美银分析认为，拆分Intel的代工业务不仅耗时长 久，而且过程极为复杂。 值得注意的是，Intel在PC和服务器处理器领域占据着约70%的高市场占有率，这意味着其任何拆分计划 都必须获得全球监管机构的批准，而要拿到这样的批准显然困难重重。此外，Intel此前领取的芯片法案 补贴也对其拆分计划形成了限制。一旦Intel的持股比例低于50%，可能会触发控制权变更条款，导致补 贴被收回。 ***************END*************** 半导体公众号推荐 近日，市场上一则消息引发广泛关注：英特尔和台积电已达成协议，计划合资运营Intel位于美国的晶圆 厂，旨在解决Intel在先进制程方面的难题。 有报道称，该合资计划颇具吸引力，有望吸引高通、英伟达和苹果等IC设计业者前来下单。据悉，台积 电将在合资公司中持有20%的股份，而Intel期望借助此次合作提升自身在芯片代工领域的竞争力。 然而，这一计划却遭到了华尔街分析师们的质疑，不少人对其可行 ...

4月1日，《日经亚洲评论》报道称，全球第五大晶圆代工厂格芯（GlobalFoundries）与中国台湾第二大 晶圆代工厂联电正在探索合并的可能性。一旦双方合并，将超越中芯国际，成为全球第二大纯晶圆代工 厂。 随后，台湾联电首席财务官刘启东回应了联电和格芯的合并传闻，他表示："公司目前没有进行任何合 并交易，也不会回应任何市场传闻。" 尽管如此，但这一消息还是震惊市场。 这家日媒援引一份评估计划称，格芯和联电合并后的公司将在美国投资研发，创建一家规模更大的美国 公司，最终可能成为全球最大芯片代工厂台积电在成熟芯片领域的替代者，其生产业务遍及亚洲、美国 和欧洲，合并的目的是打造一家规模更大的晶圆代工企业，让美国的成熟制程芯片供应得到保障。 知情人士透露，格芯和联电就可能的合并进行了接触，美国和中国台湾的一些官员也知道这一谈判，这 两家芯片制造商大约两年前就讨论过可能的合作，但谈判没有取得进展。 此消息一出立即引爆舆论关注，网友感慨美国想把台积电、联电"整碗端走"。受此消息影响，联电股价 当天收涨9％，今日盘中最高涨近20%。 资料显示，联华电子成立于1980年，是岛内第一家芯片制造商，但如今规模小于台积电，该公司 ...

Core Viewpoint - The article discusses the potential merger between UMC and GlobalFoundries, highlighting the implications for the semiconductor industry and market dynamics [2][3]. Group 1: Merger Speculation - UMC has responded to merger rumors with GlobalFoundries, stating that the company does not comment on market speculation and is not currently involved in any merger discussions [2]. - Reports indicate that UMC and GlobalFoundries had previously explored potential collaboration two years ago but did not reach any agreement [2]. - The proposed merger aims to create a larger foundry entity to secure the supply of mature process chips in the U.S. and increase investment in research and development [2]. Group 2: Market Impact - Following the merger news, UMC's American Depositary Receipts (ADR) initially surged nearly 20% before settling around a 10% increase, while GlobalFoundries' stock price declined [3]. - Both UMC and GlobalFoundries hold approximately 5% market share in the global chip foundry market [3]. - UMC reported a revenue of NT$232.3 billion (approximately $7.21 billion) and a net profit of NT$47.2 billion, while GlobalFoundries had a revenue of $6.75 billion and a net loss of $265 million [3]. Group 3: Semiconductor Market Dynamics - According to the Semiconductor Industry Association, as of 2023, chip manufacturers in mainland China and Taiwan account for 75% of the global market share in mature process chips, while the U.S. holds only 5% [3]. - Mature process chips represent 70% of global semiconductor demand and are widely used across various industries [3]. - UMC's CFO emphasized that there are no ongoing merger discussions and that the company maintains good communication with all operating governments, ensuring shareholder interests are prioritized [3].

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容编译自tomshardware，谢谢。 周一，台积电宣布计划投资 1000 亿美元扩大其在美国的制造能力。这笔资金将用于建设三座新的晶 圆厂、两座先进的封装厂和一座大型研发设施。我们与该公司进行了交谈，以了解有关其计划和其 他一些细节。 此次额外的 1000 亿美元投资，加上台积电对亚利桑那州凤凰城附近 Fab 21 工厂的 650 亿美元投资 承诺。这使得全球最大的芯片代工厂台积电成为迄今为止美国最大的外国投资者之一。 鉴于台积电 1650 亿美元的投资规模巨大，有必要了解台积电在美国各项计划中的资金用途和使用方 式。让我们看看这与台积电的整体战略如何契合。 新的晶圆厂、封装设施和研发中心 尽管台积电表示将在美国额外投资 1000 亿美元，但尚未透露扩大美国投资的时间、地点或技术的具 体细节。不过，该公司似乎有足够的空间在其 Fab 21 工厂建造新设施。 台积电公关负责人 Nina Kao 向Tom's Hardware表示："我们尚未公布新投资计划的时间、地点或具 体技术细节。我们致力于尽快满足客户需求，并希望在计划最终确定后分享更多信息。" 台积电位 ...

当地时间3月3日（周一），美股三大指数大幅震荡，跌幅一度均超过2%。截至收盘，道指跌1.48%，纳指跌2.64%，标普500指数跌1.76%。 美国总统特朗普表示，对等关税将于4月2日开始征收，美国对墨西哥和加拿大商品征收25%的关税将于3月4日生效。 经济数据表明，美国2月制造业活动增长几近停滞，原料支付价格指标创逾两年最高，未来预示通胀压力增大。 热门科技股多数下跌，超微电脑跌超13%，英伟达、ARM跌超8%，台积电、英特尔跌超4%，亚马逊、美光科技跌超3%，特斯拉、高通、微软跌超2%。 美股震荡下跌 当地时间3月3日（周一），美股三大指数大幅震荡，跌幅一度均超过2%。美国总统特朗普当地时间3月3日下午有关加征关税的表态刺激美股市场恐慌情绪升高。截 至收盘，道指跌649.67点，跌幅为1.48%，报43191.24点；纳指跌497.09点，跌幅为2.64%，报18350.19点；标普500指数跌104.78点，跌幅为1.76%，报5849.72点。 当地时间3月3日，美国总统特朗普表示，对等关税将于4月2日开始征收，美国对墨西哥和加拿大商品征收25%的关税将于3月4日生效。 特朗普表示，对墨西哥和加拿大的 ...

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 ↓↓↓ 2月28日消息，英飞凌与美国芯片代工企业 SkyWater宣布，双方已达成一项晶圆厂交易。SkyWater 将购 买英飞凌位于美国得克萨斯州奥斯汀的 8 英寸晶圆厂 Fab 25，两家企业还就此后的长期供应签署了协 议。 根据协议条款，SkyWater将接手运营Fab 25晶圆厂，专注于生产对工业、汽车和国防应用至关重要的 130纳米至65纳米基础芯片。此次收购不仅将大幅扩大SkyWater作为代工厂的规模，还将带来额外的功 能，包括65纳米基础设施、扩大的铜处理规模和高压双极-CMOS-DMOS（BCD）技术等。 长期供应协议确保了英飞凌在美国保持强大、高效且可扩展的制造足迹。这一合作将使SkyWater能够利 用Fab 25的成熟专业知识和生产能力，提升美国基础芯片的可用产能，支持关键行业的双重采购战略。 SkyWater首席执行官Thomas Sonderman表示："这一里程碑式的交易将显著增强我们在美国的晶圆代工 产能，预计还将增强基础芯片的供应链弹性，加强国家和经济安全。通过利用奥斯汀团队的 ...