1.【Counterpoint：博通与台积电或成定制芯片大赢家】Counterpoint预计，博通明年在定制芯片 （ASIC）的市场份额扩大至60%。与此同时，作为定制芯片的主要代工选择，该公司几乎完全吃下 全球前十大数据中心及ASIC客户的晶圆制造订单，市场份额接近99%。Counterpoint由此预测，在 英伟达通用型GPU独占鳌头的阶段之后，人工智能芯片热潮的第二阶段将变成ASIC与GPU的激烈竞 争，且博通和台积电有望成为最大赢家。（新浪财经） 2.【越疆开启第三批全尺寸工业人形机器人ATOM的2026年量产交付】2月4日，记者获悉，越疆 ATOM人形机器人已于近日开启2026年的大规模交付进程，并分批投入产业一线应用。ATOM也是 越疆第三批全尺寸工业人形机器人。目前，越疆也是少数能够跑通批量"生产交付应用"完整闭环的企 业之一。（ 界面新闻） 3.【LG新能源将为韩华美国子公司供应储能系统电池】2月4日消息，LG新能源公司周三表示，已与 韩华解决方案公司美国子公司达成协议，为其能源存储系统（ESS）项目供应电池。两家公司均计划 在当地生产，以规避关税方面的不确定性。LG新能源表示，其全资子公司L ...

2026年2月3日，作为全球视听与系统集成领域的重要风向标，2026年欧洲视听设备与信息系统 集成技术展（以下简称"ISE2026"）在西班牙巴塞罗那国际展览中心举行。TCL华星携商业显 示、艺术展示、赛事直播、教育办公等多场景显示解决方案亮相，系统化呈现深耕场景需求的行业 领先技术实力与创新能力，让"一块好屏"服务千行百业。 助力支付宝服务智慧商超 TCL华星首款POS整机升级支付体验 围绕高频、刚需的商业运营场景，TCL华星重点展示了多款面向实际应用需求打造的商业显示解决 方案，覆盖支付终端、零售收银、户外标牌及大型商业展示等应用，助力商业场景实现更高效的信 息传递与运营管理。 面向零售与支付场景，TCL华星带来了支付宝智能手持POS（6.528"）与台式POS（15.6"）。其 中，支付宝智能手持POS作为TCL华星首款POS整机，集成NFC"碰一碰"支付与扫码支付功能， 支持4G、Wi-Fi及蓝牙多模通信，解锁即付，帮助商户提升运营效率与服务体验；台式POS则针 对零售场景优化显示与交互体验，采用窄边框设计与178°广视角，搭配双立体声扬声器，嘈杂环 境中也能确保信息清晰传达，减少漏单风险。 户外商业 ...

Group 1 - The core viewpoint of the article highlights the commencement of construction for a Micro LED high-end display manufacturing project by 錼创科技 (Ruineng Technology) in Kunshan, with a total investment of 5 billion [1] - 錼创 was established in 2014 and became the first publicly listed Micro LED company globally in August 2022 on the Taiwan Innovation Board [2] - The company has developed various Micro LED manufacturing technologies, including proprietary processes for Micro LED epitaxy, mass transfer, and SMAR·Tech repair [2] Group 2 - In July 2025, 錼创 announced the establishment of its subsidiary in Kunshan, Jiangsu, which will focus on the production and sales of Micro LED panel components and modules, enhancing supply chain efficiency and localization capabilities in mainland China [2] - The Micro LED high-end display manufacturing project is expected to be completed and operational by the second to third quarter of 2026, primarily providing chip transfer services to local panel manufacturers [2]

Core Viewpoint - The Chengdu High-tech Zone government has announced the environmental impact assessment document for the Micro-LED production base project of Chenxian Optoelectronics Co., Ltd. for 2025, indicating an expansion project aimed at enhancing production capacity in the Micro-LED sector [1][2]. Group 1: Project Overview - The Micro-LED production base project is located in the new factory area on Kanglong Road, Chengdu High-tech Zone, and involves upgrading existing low-capacity equipment and purchasing over 130 new pieces of equipment [2][3]. - The project aims to establish a new production line for glass-based Micro-LED display screens, specifically targeting high-end applications such as smart command and dispatch systems, high-end conference rooms, and media displays [3][4]. Group 2: Production Capacity - Upon completion, the new production line will add an annual production capacity of 22,000 square meters for glass-based P0.78 micro-pitch Micro-LED display screens, increasing the total factory capacity to 40,000 square meters [3][4]. - The existing production capacities for other Micro-LED display screens remain unchanged, with specific figures for small-pitch and micro-pitch displays detailed in the project documentation [4]. Group 3: Timeline and Investment - The project is scheduled to commence construction in November 2025 and is expected to be completed by November 2027 [6]. - Chenxian Optoelectronics was established in 2020 and has already invested 4 billion yuan in Chengdu High-tech Zone to build the first large-size TFT glass-based Micro-LED production line in mainland China by 2024 [7].

据业内人士2日透露，三星显示计划自5月起在A6生产线投入量产用玻璃基板，并已将相关计划告 知合作伙伴。一位业内人士表示："玻璃基板的引入标志着该生产线将正式启动量产。" 图片来源：三星显示 三星显示A6生产线 将 为苹果今年第四季度推出的首款OLED MacBook 生产面板，面板规格包括 14英寸和16英寸两种。据悉，三星显示今年底的出货目标约为200万台。 尽管A6 产线 将于5月开始量产，但 由于成本问题， OLED MacBook所需模块的部分组件仍在研 发中。为了降低OLED MacBook的制造成本，苹果一直在逐步调整零部件的设计。此外，在产品 正式上市前，还需对这些零部件的可靠性进行严格测试。 报道称， 由于这是三星显示首次 启动 A6生产线，确保OLED供应的稳定性 成 为 了 首要任务。 三星显示计划 在前端工序中完成所有面板的生产，确保所需数量后，再在后道工序中进行模块组 装。三星显示需从第三季度起向负责MacBook组装的富士康供应OLED面板，因此 可能会 对A6 生产线的投产时间进行了相应调整。 本。 【集邦Display显示产业交流群】 回顾前景， 三星显示于2023年4月宣布，将 ...

Core Viewpoint - The article discusses the completion of the acceptance report for the Micro-LED pilot line project by Tianma Microelectronics, highlighting its significance in advancing Micro-LED technology and production capabilities [1]. Group 1: Project Overview - Tianma Microelectronics announced an investment of 1.1 billion yuan to build a full-process Micro-LED pilot line, focusing on key technologies such as mass transfer, detection, repair, packaging, and splicing [2]. - The pilot line is designed to produce 36,000 panels annually and utilizes a fully laser-based manufacturing process with customized automated mass transfer and bonding equipment [2]. - The project is set to complete equipment installation and debugging by September 2024, with core equipment expected to enter trial operation by the end of March 2025 [2]. Group 2: Environmental and Operational Details - The environmental impact assessment (EIA) was completed in October 2023, with the project receiving approval from the Xiamen Ecological Environment Bureau [3]. - The pilot line will operate on a two-shift system, working 355 days a year, with an annual working hour total of 8,520 hours [3]. - The total investment for the project is approximately 1.088 billion yuan, with environmental investment accounting for 0.58% of the total [3]. Group 3: Product Launch and Market Expansion - In addition to the pilot line, Tianma plans to launch multiple Micro-LED products in 2025, including a 108-inch 4K Micro-LED screen, which features high brightness, contrast, and seamless splicing [4]. - The company showcased various Micro-LED automotive display products at the China International Import Expo in 2025, emphasizing their high brightness, resolution, and transparency [6]. - The completion of the pilot line is expected to further drive the application and industrialization of Micro-LED technology [6].

Core Viewpoint - The company is collaborating with local governments on the MED project, which focuses on the production of micro-cavity display screens and a new display touch control R&D center, indicating a strategic move into a growing market segment [1] Group 1: Project Details - The MED project will establish a production line with a monthly output of 180,000 square meters of glass substrates, covering product sizes from 7.8 inches to 55 inches [1] - The project is expected to achieve an average annual sales revenue of 916.654 million yuan upon reaching full production [1] Group 2: Market Positioning - The products are positioned in a differentiated segment of the medium to large-sized color electronic paper market, which is considered a blue ocean market [1] - Application areas for the products are expanding from e-book readers and electronic paper tablets to include electronic bus stop signs, digital signage, electronic whiteboards, and outdoor advertising boards, indicating significant market growth potential [1]

Core Insights - Corning reported better-than-expected fourth-quarter 2025 results with adjusted earnings of $0.72 per share, exceeding analyst estimates of $0.70, and revenue of $4.41 billion, surpassing the consensus of $4.36 billion [1] - Revenue increased by 14% year over year, while earnings grew at a faster pace of 26% [1] Financial Forecast - For the first quarter of 2026, Corning forecasts core sales between $4.2 billion and $4.3 billion, indicating approximately 15% year-over-year growth, and core earnings of $0.66 to $0.70 per share [2] - The Optical Communications segment showed significant growth, with revenue rising 24% year over year to $1.7 billion, while the Display segment revenue declined by 2% to $955 million [2] Strategic Initiatives - Corning announced an enhanced version of its Springboard Plan, increasing its target for incremental annualized sales to $11 billion by the end of 2028, up from a previous target of $8 billion [3] - For 2026, the company raised its internal sales growth target to $6.5 billion from $6.0 billion [3] - For the full year 2025, Corning reported core sales of $16.41 billion, up 13% year over year, and core earnings per share climbed 29% to $2.52 [3]

Financial Data and Key Metrics Changes - For Q4 2025, sales increased by 14% year-over-year to $4.41 billion, and EPS grew by 26% to $0.72. Operating margin expanded by 170 basis points to 20.2%, and ROIC increased by 150 basis points to 14.2% [5][20][19] - For the full year 2025, sales grew by 13% to a record $16.4 billion, with EPS growing 29% to $2.52. Operating margin expanded by 180 basis points to 19.3%, and free cash flow reached $1.7 billion [20][19] Business Segment Data and Key Metrics Changes - **Optical Communications**: Q4 sales were $1.7 billion, up 24% year-over-year, with net income increasing by 57% to $305 million. For the full year, sales were $6.3 billion, up 35% year-over-year, driven by strong adoption of new Gen AI products [20][21] - **Display**: Q4 sales were $955 million, with net income of $257 million. For the full year, net income reached $993 million, exceeding the target range [21][22] - **Specialty Materials**: Q4 sales increased by 6% to $544 million, with net income up 22% to $99 million. For the full year, sales grew by 10% to $2.2 billion, and net income increased by 41% to $367 million [23] - **Automotive**: Q4 sales were $440 million, down slightly year-over-year, with a full-year decline of 3%. Net income for the full year was $63 million, up 7% [25] - **Life Sciences**: Full year sales were $972 million, consistent with the prior year, and net income was $61 million [25] - **Hemlock and Emerging Growth Businesses**: Q4 sales were $526 million, up 62% year-over-year, driven by growth in polysilicon and module sales for the solar industry [26] Market Data and Key Metrics Changes - The enterprise business within Optical Communications grew by 61% year-over-year, with hyperscale data center sales growing significantly faster [21] - The heavy-duty diesel market in North America and Europe remained weak, impacting the Automotive segment [25] Company Strategy and Development Direction - The company upgraded its Springboard plan to add $11 billion in incremental annualized sales by the end of 2028, up from the original $8 billion target [7][17] - A multi-year agreement with Meta, valued at up to $6 billion, aims to support Meta's AI ambitions and enhance domestic supply chains [9][10] - The company is focusing on organic growth opportunities and plans to invest significantly in capacity expansions, with a capital expenditure target of $1.7 billion for 2026 [31][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position entering 2026, citing strong demand for innovations and manufacturing capabilities [8][18] - The company expects year-over-year growth to accelerate in Q1 2026, with core sales projected to increase by approximately 15% [8][26] Other Important Information - The company celebrated its 175th anniversary, highlighting its long-standing history and commitment to innovation [18] - Ann Nicholson, the head of Investor Relations, announced her retirement after 40 years of service [34][35] Q&A Session Summary Question: Are similar long-term agreements with other major customers included in the Springboard plan? - Management indicated that these agreements are significant but have not yet been fully included in the Springboard plan as they are still being finalized [39] Question: Is the optical fiber market experiencing supply constraints? - Management believes there is enough fiber to meet demand but noted robust demand for new high-density products, leading to capacity expansions [41] Question: Will Meta disproportionately increase purchases after the agreement? - Management clarified that while Meta's agreement is significant, they are concluding similar agreements with other major customers, which will expand the overall market [48] Question: How will the Meta deal be accounted for? - The deal will be accounted for in the enterprise business, while sales to carriers will be recorded in the carrier business [58] Question: What is the expected CapEx for 2026? - The company plans to spend about $1.7 billion in CapEx, which includes investments related to the Meta project [60][67]

Financial Data and Key Metrics Changes - For Q4 2025, sales increased by 14% year-over-year to $4.41 billion, and EPS grew by 26% to $0.72 [5][20] - Operating margin expanded by 170 basis points to 20.2%, achieving the Springboard target a year early, and ROIC increased by 150 basis points to 14.2% [5][20] - For the full year 2025, sales grew by 13% to a record $16.4 billion, with EPS growing by 29% to $2.52 [20] Business Segment Data and Key Metrics Changes - In Optical Communications, Q4 sales were $1.7 billion, up 24% year-over-year, with net income increasing by 57% to $305 million [20][21] - Display segment sales for Q4 were $955 million, with net income of $257 million, exceeding targets for the year [21][22] - Specialty Materials saw Q4 sales rise by 6% to $544 million, with net income up 22% to $99 million [23] - Automotive segment sales were $440 million, down slightly year-over-year, while net income for the full year was up 3% [25] Market Data and Key Metrics Changes - The enterprise business within Optical Communications grew by 61% year-over-year, with hyperscale data center sales growing significantly faster [21] - The carrier networks business saw a 15% increase in sales for the full year, primarily driven by interconnect data centers [21] Company Strategy and Development Direction - The company upgraded its Springboard plan to add $11 billion in incremental annualized sales by the end of 2028, up from the original $8 billion target [7][17] - A multi-year agreement with Meta worth up to $6 billion was announced to support AI ambitions, reflecting a commitment to U.S. manufacturing and innovation [9][10] - The company aims to enhance profitability and cash generation while pursuing organic growth opportunities [31][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving accelerated growth in Q1 2026, with core sales expected to rise by approximately 15% [8][26] - The company anticipates significant growth in the Optical Communications segment, supported by recent customer agreements [21][24] - Management noted that the financial profile has transformed significantly over the past two years, establishing a strong base for future growth [28][33] Other Important Information - The company plans to spend about $1.7 billion in capital expenditures for 2026, which is above the depreciation level [60][62] - The head of Investor Relations, Anne Nicholson, announced her retirement after 40 years of service [34][35] Q&A Session Summary Question: Are similar long-term agreements with other major customers included in the Springboard plan? - Management indicated that these agreements are significant but have not yet been fully included in the Springboard plan as they are still being finalized [39][40] Question: Is the optical fiber market experiencing supply constraints? - Management stated that there is enough fiber globally to meet demand, but they are expanding capacity for new high-density products due to robust demand [41][42] Question: Will Meta disproportionately increase purchases after the agreement? - Management clarified that while Meta's agreement is significant, they are concluding similar agreements with other major customers, which will expand the overall market [48][50] Question: How will the Meta deal be accounted for? - The deal will be accounted for in the enterprise business, while sales to carriers will be recorded in the carrier business [58] Question: What is the expected CapEx for 2026? - The company plans to spend about $1.7 billion in CapEx, which includes investments related to the Meta deal [60][67]