2025 年 9 月 13 日，中国商务部发布公告，对自美国进口的相关模拟芯片发起反倾销调 查，就美国对华集成电路领域相关措施发起反歧视立案调查。中国汽车工业协会对此高度关 注，坚决支持商务部依法采取必要措施。 汽车产业的技术进步与可持续发展，尤其需要开放、公平、非歧视的国际市场环境。中国 汽车工业协会呼吁国内外企业继续加强技术创新与产业链协同，深化在电动化、智能化等领 域的开放合作，共同推动全球汽车产业绿色、安全、高质量发展。 中汽协会数据 网址:www.auto-stats.org.cn 地址:北京市丰台区汽车博物馆东路 诺德中心11号楼33层 邮编:100160 电话:010-63979900-4196 传真: 010-63979900-4186 E-mail: hyxxb@caam.org.cn 来源：中国汽车工业协会 中国汽车工业协会将积极支持和配合调查机关的调查，坚定维护公平贸易和产业合法权 益。 2025 年 9 月 15 日 ...

（文章来源：证券时报网） 据天眼查APP显示，中科寒武纪科技股份有限公司成立于2016年03月15日。注册资本41835.0224万人民 币。（数据宝） 数据宝统计，截至14:16，寒武纪-U成交额165.99亿元，超上一日全天。最新股价上涨1.25%，换手率 2.69%。上一交易日该股全天成交额为165.64亿元。 ...

Group 1 - The Chinese Ministry of Commerce initiated anti-dumping investigations against U.S. imported analog chips and highlighted discriminatory barriers against Chinese integrated circuits [1][3] - The timing of these announcements coincided with a planned meeting between Chinese Vice Premier He Lifeng and U.S. Treasury Secretary, indicating a strategic response rather than a spontaneous action [3][5] - The import volume of U.S. analog chips to China surged by 37% from 2022 to 2024, while prices plummeted by 52%, with dumping margins from U.S. companies like Texas Instruments reaching 300%-450% [3][5] Group 2 - China's response is characterized as a counter-strategy to U.S. tactics of using low prices to undermine Chinese industries, signaling that negotiations can occur but must be free of unilateral sanctions [5][9] - The U.S. has added 13 Chinese companies to its "entity list," a tactic seen as a pressure tool to gain leverage in negotiations [7][9] - China publicly questioned the U.S. actions before the talks, indicating that such maneuvers could jeopardize the negotiations [9][11] Group 3 - China's approach is grounded in legal frameworks and international trade rules, asserting that U.S. practices violate World Trade Organization regulations [14][18] - The anti-dumping investigation is based on evidence that U.S. companies are selling chips at unreasonably low prices to eliminate local competition [16][18] - The U.S. has been accused of undermining free trade principles, while China positions itself as a defender of these rules [20][22] Group 4 - China's confidence in its negotiating position stems from its large market, growing industrial capabilities, and the wavering support of U.S. allies [23][26] - China is the largest buyer of chips globally, with over half of U.S. analog chip sales reliant on the Chinese market, making it a critical player for U.S. companies [23][25] - The shift in the global supply chain dynamics has reduced China's dependency on U.S. technology, with significant improvements in domestic production capabilities [28][30] Group 5 - The U.S. strategy of rallying allies against China is facing challenges, as countries like the EU and Japan are hesitant to sacrifice their economic ties with China [30][32] - China's recent actions signal a new baseline for negotiations, emphasizing equality and mutual respect, moving away from coercive tactics [32][34] - The expectation that the U.S. can intimidate China into concessions is no longer viable, indicating a shift in the balance of power in negotiations [34]

从基金十大重仓股角度 数据显示，国联基金旗下1只基金重仓寒武纪。国联上证科创板综合指数增强A（023911）二季度持有 股数6000股，占基金净值比例为0.7%，位居第二大重仓股。根据测算，今日浮盈赚取约44.42万元。 国联上证科创板综合指数增强A（023911）成立日期2025年6月4日，最新规模4.3亿。成立以来收益 28.26%。 国联上证科创板综合指数增强A（023911）基金经理为王喆、黄磊鑫。 9月16日，寒武纪涨5.14%，截至发稿，报1514.04元/股，成交150.61亿元，换手率2.44%，总市值 6333.99亿元。 截至发稿，王喆累计任职时间6年307天，现任基金资产总规模27.9亿元，任职期间最佳基金回报 106.32%， 任职期间最差基金回报-9.24%。 资料显示，中科寒武纪科技股份有限公司位于北京市海淀区知春路7号致真大厦D座5层、11-13层、16 层，成立日期2016年3月15日，上市日期2020年7月20日，公司主营业务涉及各类云服务器、边缘计算设 备、终端设备中人工智能核心芯片的研发、设计和销售。主营业务收入构成为：云端产品线99.62%， 其他(补充)0.32%，边 ...

万家科技量化选股混合发起式A（020975）成立日期2024年9月24日，最新规模1930.44万。今年以来收 益35%，同类排名2025/8174；成立以来收益39.93%。 万家科技量化选股混合发起式A（020975）基金经理为尹航。 截至发稿，尹航累计任职时间5年59天，现任基金资产总规模4.68亿元，任职期间最佳基金回报 58.15%， 任职期间最差基金回报-8.26%。 9月16日，赛微微电跌5.15%，截至发稿，报75.88元/股，成交2.58亿元，换手率6.14%，总市值65.36亿 元。 资料显示，广东赛微微电子股份有限公司位于广东省东莞市松山湖园区科技十路2号56栋，成立日期 2009年11月2日，上市日期2022年4月22日，公司主营业务涉及模拟芯片的研发和销售,主营产品以电池 管理芯片为核心,并延展至更多种类的电源管理芯片,具体包括电池安全芯片、电池计量芯片和充电管理 等其他芯片。主营业务收入构成为：芯片100.00%。 从基金十大重仓股角度 数据显示，万家基金旗下1只基金重仓赛微微电。万家科技量化选股混合发起式A（020975）二季度持 有股数9100股，占基金净值比例为2.02%，位 ...

寒武纪午后涨超4%重回1500元关口，成交额超124亿。 ...

Core Viewpoint - The market experienced a decline on September 16, with the Shenzhen Component Index dropping over 1% and the Shanghai Composite Index down by 0.51% [1] Market Performance - As of 10:56 AM, the Shanghai Composite Index decreased by 0.51% [1] - The Shenzhen Component Index fell by 1.06% [1] - The ChiNext Index saw a decline of 1.48% [1] Sector Performance - Internet e-commerce, AI chips, and unified market sectors showed the highest gains [1] - Sectors such as rare earth permanent magnets, pork, and batteries experienced the largest declines [1]

Core Viewpoint - Nvidia is facing increased regulatory scrutiny in China due to alleged antitrust violations, which adds uncertainty to its business operations in the region, where it generated 13% of its total sales last year [1][2]. Group 1: Regulatory Actions - Chinese regulatory authorities have initiated a further investigation into Nvidia for violating antitrust laws, following an initial investigation that began in December 2022 [1][4]. - The latest investigation is part of a broader effort by China to utilize regulatory tools to enhance its semiconductor capabilities and reduce reliance on foreign competitors [2][10]. Group 2: Market Impact - Following the announcement of the investigation, Nvidia's stock price fell by as much as 2.4% in pre-market trading, reflecting investor concerns about the potential impact on its business in China [1][6]. - Analysts express concern that new measures could restrict Nvidia's ability to sell network solutions to Chinese customers, a business valued at several billion dollars annually [5][10]. Group 3: Historical Context - The last significant antitrust investigation against a foreign tech company in China occurred in 2013, involving Qualcomm, which resulted in a substantial fine [8][10]. - The current situation indicates a shift in China's approach to enforcing antitrust laws against foreign companies, reflecting a growing confidence in its domestic technology sector [10]. Group 4: Financial Implications - Nvidia's revenue in China for the fiscal year 2024 was reported at $10.31 billion, representing a 78% year-over-year increase, which could lead to potential fines ranging from $10.3 million to $1.03 billion if violations are confirmed [10][11]. - If the violations are deemed particularly severe, fines could escalate to between $2.06 billion and $5.015 billion, significantly impacting Nvidia's financial standing [11].

总部位于首尔的芯片初创公司 FuriosaAI 正筹备进行一轮可能超过 3 亿美元的 IPO 前融资，该公司致力于挑战英伟达的市场地位。 知情人士透露，该公司已遴选多家国际投行提交 D 轮融资方案。 新一轮融资最早可能在 1 月正式启动，所得资金将主要用于开发公司的第三代人工智能芯片，知情人士透露，此次融资可能成为 2027 年潜在上市前的 Pre- IPO 轮次。 今年早些时候， FuriosaAI 成功筹集了 1.25 亿美元 ，超过了约 8000 万美元的融资目标。该公司还拒绝了来自 Meta Platforms 的 8 亿美元收购要约。 FuriosaAI 由曾在三星电子和 AMD 工作的 June Paik 于 2017 年联合创立，专注于开发 AI 推理芯片及相关服务。 我们正在招募新一期的实习生 -----------END----------- 图片来源： FuriosaAI 我们正在寻找有创造力的00后创业 关于 Z Potentials Z Potentials 7P 公众号 社群 我们与Z Potentials同频共振, 交流和分享你们的故事和想法, 我们会是最好的倾听者。 Produc ...

Group 1 - China has initiated anti-dumping investigations against American-made analog chips and anti-discrimination investigations related to integrated circuits on the same day, marking a significant counteraction in the ongoing chip war with the U.S. [1][2] - The U.S. Department of Commerce recently added 32 entities to its export control "entity list," with 23 of them located in China and many involved in the chip business, which may have triggered China's response [2][3] - The ongoing trade talks between China and the U.S. in Spain may be influenced by these actions, suggesting a strategy of "fighting while negotiating" [3][4] Group 2 - Nvidia has been found in violation of antitrust laws by China's State Administration for Market Regulation (SAMR), which has decided to conduct further investigations [8][10] - The investigation relates to Nvidia's acquisition of Mellanox Technologies in 2019, which was approved under certain conditions to prevent anti-competitive practices [12][15] - Nvidia's current supply of H20 chips to China is significantly limited in performance compared to its H200 chips, raising concerns about compliance with fair trade practices [18][17] Group 3 - The anti-dumping investigation targets analog chips produced by U.S. companies, with the investigation period set from January 1, 2024, to December 31, 2024 [31][32] - The application for the investigation cites that U.S. companies have significantly increased their product imports to China while simultaneously lowering prices, adversely affecting domestic producers [36][39] - If the anti-dumping investigation is upheld, it could lead to substantial penalties for major U.S. chip companies, potentially impacting their revenues in China, which exceed $10 billion collectively [41] Group 4 - The Chinese government is also conducting an anti-discrimination investigation against U.S. measures that restrict high-end chips while allowing low-end chips to flood the market, which are seen as discriminatory trade practices [44][45] - The outcome of these investigations could lead to increased tariffs or restrictions on U.S. products if found to be unfair [45][46] - The ongoing investigations and trade tensions highlight the complex dynamics of the U.S.-China trade relationship, particularly in the semiconductor sector [46][47]