Core Viewpoint - The article discusses China's recent countermeasures in the ongoing chip war with the United States, highlighting three specific actions taken against American semiconductor companies, particularly Nvidia, in response to U.S. export controls and anti-competitive practices [4][5][6]. Group 1: China's Countermeasures - On September 13, China initiated an anti-dumping investigation into American-made analog chips [4]. - On the same day, China launched an anti-discrimination investigation against U.S. measures affecting the integrated circuit sector [4]. - On September 15, China determined that Nvidia violated antitrust laws, leading to further investigations [4][9]. Group 2: Nvidia's Antitrust Issues - Nvidia recently received U.S. government approval to sell H20 chips to China but faced scrutiny from the Chinese government for alleged antitrust violations [8][9]. - The investigation relates to Nvidia's 2019 acquisition of Mellanox Technologies, which was approved under specific conditions to prevent anti-competitive practices [11][14]. - Nvidia's supply of H20 chips to China has been criticized for not adhering to fair and non-discriminatory principles, as the performance of these chips is significantly lower than their counterparts available in other markets [16][17]. Group 3: Impact on the Semiconductor Industry - The anti-dumping investigation targets analog chips, with significant price discrepancies noted, such as a dumping margin of 340.10% for certain products [24][25][26]. - Major U.S. companies like Texas Instruments, ADI, Broadcom, and ON Semiconductor are implicated, with their combined revenue in China exceeding $10 billion, indicating potential significant financial repercussions [33]. - Following the announcement of these investigations, Chinese semiconductor stocks surged, while U.S. counterparts like Texas Instruments experienced declines [33]. Group 4: Broader Trade Implications - The article suggests that the ongoing trade tensions involve not only direct actions like anti-dumping and antitrust investigations but also broader issues of discrimination in trade practices [35][36]. - The ultimate goal for China is to enhance its self-sufficiency in semiconductor manufacturing, reducing reliance on foreign technology [37][38].

9月12日，把22年建仓至今的A股账户全部清仓了，打算就买定期理财。 凭心而论，我觉得大 盘还会涨，趋势在这里，4000点应该会破，4500点说不定也有可能。 但是，结合2015年和2021年的经 历，我觉得点位再涨，我也大概率会把钱都亏回去。 以上两者都是发自内心地认为 ：） 所以还是先跑路吧，我没这能吃到底的能耐。 现在牛市涨了3870/2635=1.468691 举个例子,2014-2015.同样的你，觉得涨了1.468也就是到了2715点高位了，所以你在2715 点跑了。 殊不知，后来涨到了5178点，你可能有点后悔，但是你觉得熊市后总会下来的，点数也如你 所愿下到了熊市底部2638点，但是呢，一路下来你觉得低位还不止2638，起码要比自己跑的 点位低得多，不然就白跑了，所以你还会等还会观望，事实上，绝大多数人也不可能在这个 最低最低点抄到底。 我是22年到24年之间陆续建的仓， 一半资金是在恒生科技，22年3月建的仓，后来大概补仓了5、6 次，拿了差不多3年，在今年2月份5900点时离的场，后来这半年再没有进过港股。 另一半在A股，22年开始小仓位运行，大概24年6月份时加了重仓在芯片和软件etf， ...

证券日报网讯全志科技（300458）9月16日在互动平台回答投资者提问时表示，公司智能车载芯片产品 主要应用在智能座舱领域，包含行车记录仪、智能中控等多个细分市场。 ...

Steve Witkoff在担任特朗普中东特使的同时，与特朗普家族共同创立了World Liberty Financial。根据投 资说明书，特朗普和Witkoff家族将持有该公司数字货币的大量份额并获得利润分成。 根据协议，美国出售的芯片将是市场上最先进的产品。作为回报，阿联酋承诺在十年内投资数千亿美元 促进美国工业增长，包括AI领域投资。 交易涉及的关键人物包括身兼特朗普中东特使的Steve Witkoff，以及担任政府AI和加密货币事务负责人 的David Sacks。 Sacks联合创立的Craft Ventures早期投资者包括Sheikh Tahnoon现在监管的阿布扎比投资局，以及同样寻 求AI芯片的沙特阿拉伯公共投资基金。至少到今年3月，Sacks仍投资于包括台积电在内的股票基金，该 公司正是英伟达芯片的制造商。 在阿联酋向特朗普家族核心代币公司World Liberty Financial注资20亿美元后，白宫批准了向阿联酋出售 数十万枚先进AI芯片的提案。 据媒体报道，今年5月，阿联酋酋长Sheikh Tahnoon bin Zayed Al Nahyan旗下投资公司MGX购置了20亿 美 ...

Investment Rating - The report maintains an "Overweight" rating for the computer sector [6]. Core Insights - Oracle's $455 billion order exceeded expectations, indicating a high level of global computing investment; Microsoft has also reached a five-year $17.4 billion computing agreement with Nebius [2][6]. - NVIDIA's launch of the Rubin CPX targets long-context reasoning and video generation, highlighting the trend towards customized chips [4][6]. - The implementation of "AI+" in energy development is expected to enhance smart grid construction [7]. Summary by Sections Oracle's Performance - Oracle reported a remaining performance obligation of $455 billion, a year-on-year increase of 359%, with IaaS revenue at $3.3 billion, up 55% year-on-year [6]. - The company has signed large-scale cloud contracts with AI firms like OpenAI, positioning itself as a key infrastructure provider for AI training [6]. NVIDIA's Innovations - NVIDIA's Rubin CPX offers up to 30 PFLOPS of computing power at NVFP4 precision, with 128GB GDDR7, achieving approximately three times the acceleration in attention calculations compared to previous models [4]. - The focus on customized chips is expected to enhance the marginal value of high-end GDDR7 and high-speed interconnect solutions [4]. AI in Energy Sector - The National Development and Reform Commission and the National Energy Administration have issued guidelines to promote "AI+" in energy, aiming to improve smart grid management and disaster response capabilities [7]. - Local software service providers with expertise in power industry applications are anticipated to gain orders as AI technologies are integrated into the sector [7]. Recommended Stocks - The report recommends stocks such as Kingdee International, Kingsoft Office, Newland, Longxin Group, Daotong Technology, and Hand Information, with a focus on companies that have long-term contract fulfillment certainty [6][8].

排队不足三个月，厦门优迅芯片股份有限公司（以下简称"优迅股份"）科创板IPO事项迎来新进展，公司将于9月19日上会。北京商报记者注意到，优 迅股份在最新披露的IPO上会稿中取消了8000万元的补充流动资金项目，拟募资金额缩水至8.09亿元。另外，优迅股份还存在研发费用率持续低于同行 均值、主营业务毛利率走低的情况。 被追问后取消补流项目 上交所官网显示，上交所上市审核委员会定于9月19日召开2025年第37次上市审核委员会审议会议，审核优迅股份首发事项。 据了解，优迅股份专注于光通信前端收发电芯片的研发、设计与销售。公司科创板IPO于2025年6月26日获得受理，同年7月15日进入问询阶段，期间经 历两轮问询。此次冲击上市，优迅股份拟募集资金约8.09亿元，扣除发行费用后，将用于下一代接入网及高速数据中心电芯片开发及产业化项目、车载 电芯片研发及产业化项目、800G及以上光通信电芯片与硅光组件研发项目。 值得一提的是，在最新披露的上会稿中，优迅股份对本次IPO的募投项目进行调整，取消了原定募投项目中的"补充流动资金"，该项目原计划募资8000 万元。财务数据显示，2022年、2024年，公司分别进行了4000 ...

Core Viewpoint - The 2025 China International Service Trade Fair, themed "Global Services, Mutual Benefits," was held in Beijing, showcasing Chongqing's achievements in service trade through a delegation of nearly 80 representatives from around 20 enterprises [1] Group 1: Event Overview - The Chongqing pavilion at the fair covered an area of 100 square meters, featuring a design that integrates technological elements with Ba Yu culture, using a blue and white color scheme to highlight Chongqing's position as an "international trade hub" [1] - The exhibition included over 20 exhibits such as smart connected vehicles, drones, chips, and traditional Chinese medicine [1] Group 2: Service Trade Development - Chongqing's service import and export reached 53.3 billion yuan in 2024, marking a year-on-year growth of 12.2%, ranking third in total volume in the western region [1] - The city had seven cases selected as "best practice cases" nationally, ranking second among pilot cities, and achieved breakthroughs in national-level traditional Chinese medicine and human resources service export bases, with 127 international and Hong Kong, Macau, and Taiwan registered trademarks for traditional Chinese medicine products [1] Group 3: Outsourcing Sector - In the service outsourcing sector, 16 demonstration zones contributed over 85% of the city's offshore outsourcing execution volume [1]

Market Overview - The A-share market showed a rebound after initial declines, with the Shanghai Composite Index up 0.04%, Shenzhen Component Index up 0.45%, and ChiNext Index up 0.68% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.34 trillion, an increase of 64 billion from the previous trading day [1] - The overall market sentiment improved, with over 3,600 stocks rising, particularly in the robotics sector, which saw significant gains [1] Robotics Sector - The robotics sector led the market with the Robotics Industry ETF (159551) rising by 3.42% and the Industrial Mother Machine ETF (159667) increasing by 2.09% [8] - Recent developments from Tesla, including Elon Musk's plans for AI chip evaluations and stock purchases, indicate a strong focus on robotics and AI technologies [9][11] - The upcoming Tesla shareholder meeting and the release of the third-generation Optimus robot are expected to catalyze further interest in the robotics sector [11] Gold Market - Gold prices continued to rise, supported by signs of a weakening U.S. economy and ongoing discussions about de-dollarization in the global monetary system [3][5] - The U.S. labor market shows concerning trends, with a significant downward revision of non-farm employment figures and a rising unemployment rate when considering part-time workers [3][4] - Central banks, including China's, are increasing their gold reserves, with China's reserves reaching 74.02 million ounces, marking a continuous increase for ten months [5] Domestic Computing Power - The domestic computing power sector performed well, with the Xinchuang ETF (159537) up 2.06% and the Sci-Tech Chip ETF (589100) up 1.36% [12] - Ongoing U.S.-China trade negotiations and regulatory scrutiny on companies like NVIDIA are influencing the domestic chip market [12][13] - The geopolitical risks are strengthening the logic for domestic computing power, making it a potentially attractive investment area [13]

Core Viewpoint - The company, 四维图新, indicated that its subsidiary, 杰发科技, has products such as TPMS (Tire Pressure Monitoring System) chips, but these contribute a small portion to its revenue [1] Product Lines - 杰发科技's two main product lines are automotive-grade MCUs (Microcontroller Units) and SoCs (System on Chips for cockpit systems) [1]

中美贸易谈判前夜，美国突然将13家中企拉入"黑名单"，中国商务部却在半小时内连发两则公告，强势 启动对美芯片反制。这场"1对38"的博弈，中国为何敢硬刚?谈判桌下的底牌，远不止芯片这么简单。 一、深夜出手！中美谈判前的"闪电反击" 9月13日晚，中国商务部突然动作——短短半小时内，连续发布两条公告：一是对原产于美国的模拟芯 片发起反倾销调查，二是就美国对华集成电路歧视性措施启动反歧视调查。 时机耐人寻味。第二天(9月14日)，中美双方原定在西班牙马德里举行经贸会谈。 而就在前一天，美国刚刚将13家中国半导体企业列入出口管制"实体清单"。这种"谈判前施压"的套路， 美国已不是第一次用。但中国的反应速度之快、态度之强硬，直接打破了美国的预期。 商务部发言人直接质问："美方此时制裁中国企业，意欲何为?"这句话背后，是中国对"无诚意谈判"的 彻底不耐烦。 二、组合拳打的是什么? 两条公告看似技术性操作，实则直指美国对华芯片战的"七寸"。 第一拳：反倾销调查 美国企业长期以低于成本价向中国倾销模拟芯片，目的是挤垮中国本土企业、垄断市场。反倾销调查不 仅是价格问题，更是对中国产业链"生存权"的捍卫。 第二拳：反歧视调查 ...