谈到存储器缺货大涨价，是否影响WiFi芯片客户拉货动能。许皓钧认为，DRAM涨幅由芯片客户自行 吸收，联发科不受影响，预期后续将以DDR4规格的DRAM为主要搭配WiFi芯片使用，短期仍未有升级 到DDR5规格的需求出现。 联发科表示，随着AI驱动与低延迟应用的持续快速增长，市场对极高可靠度的连线需求也达前所未有 的高峰。 虽然WiFi 8芯片仍须至少一年时间才有望问世，联发科对相关市场仍抱持稳定成长信心。许皓钧表示， 联发科WiFi 7芯片市占率逾三成，推估今年WiFi 7渗透率可望从去年的15％倍增到30％，且预期将有40 亿个装置升级需求，并带来整体110亿美元相关商机，联发科有望借此全面抢占WiFi 7市场，明年再由 WiFi 8芯片接棒。 法人分析，WiFi高规格芯片市场主要竞争者除了联发科之外，还有博通及高通等两大IC设计大厂，联 发科优势除了有手机庞大市场辅助外，还加上AI物联网、网通等市场支援，未来AI技术逐步落地到边 缘装置后，联发科有望抢食WiFi庞大商机。 联发科（2454）冲刺无线网路市场，副总经理暨智能联通事业部总经理许皓钧6日表示，今年WiFi 7渗 透率有机会比去年翻倍成长，联发 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 | 今天是《半导体行业观察》为您分享的第 4277 期内容，欢迎关注。 | | --- | | 推荐阅读 | 因此针对产业技术缺口与市场需求，鼓励IC设计业者深化创新、自主芯片设计能力，并结合岛内系统 业者量能加速落地应用，让台湾成为全球芯片供应的关键核心角色，持续稳固台湾半导体在全球关键 地位。 产发署表示，这项补助计画今年总经费17.5亿元，期程不超过三年。补助主要分两类：第一类是「优 势芯片」开发，采单一申请，每案补助上限2亿元，锁定因应产业技术缺口或市场需求，开发可促进 百工百业转型的创新优势芯片，且优先支持无人机、机器人与卫星通讯等领域之创新优势芯片开发。 第二类是「核心芯片与系统开发」，则采联合申请，每案补助上限3亿元，锁定标的是因应产业发展 或市场需求，由岛内IC设计业者与系统业者合作，开发高值并可促进百工百业转型之系统核心芯片与 模组／系统。这项补助优先支持机器人与卫星通讯等领域之系统核心芯片与模组／系统开发。 台湾当局并明确列出要补助的芯片类型及规格。包括：无人机领域的通讯芯片；机器人领域的复合感 知芯片、控制芯片；卫星通讯领域的Ku band ...

Market Overview - The Shanghai Composite Index has stabilized above the 60-day moving average, indicating a continuation of the upward trend in the market. Other major indices such as the ChiNext Index, Shenzhen Component Index, and CSI 500 have also surpassed the 60-day moving average, showing a clear strengthening of the market. The year-end cautious sentiment is gradually dissipating, and the selling wave under the "locking in profits" sentiment has come to a pause, signaling the beginning of a year-end rally in A-shares [1] Future Outlook - December's uncertainties are largely resolved, setting the stage for the spring market in the coming year. Key uncertainties include the Federal Reserve's interest rate decision, inflation, employment data releases, and the latest interest rate decision from the Bank of Japan. Current indications from officials of the Federal Reserve and the Bank of Japan are neutral to dovish, alleviating the tight liquidity environment in global financial markets at year-end, which had previously constrained the upward movement of A-shares. After a prolonged period of sideways movement since October, the market is now positioned for further upward expansion. A recovery in supply and demand in the mid-to-lower reaches of the manufacturing sector is likely in 2026, which could lead to a significant rebound in the earnings growth of A-share listed companies. The current market fluctuations may be preparing for a new level in the index as 2025 comes to a close, making it an ideal time to prepare for the upcoming spring market [1] Sector Focus - In December, sectors benefiting from dividends and price increases are expected to outperform, with short-term attention on banks, public utilities, coal, and non-ferrous metals. Consumer sectors may also gain attention due to event-driven factors. In 2026, technology remains the market's main focus, with particular attention on AI, lithium batteries, military industry, and robotics after a phase of adjustment. Key points of interest include: 1. The trend in AI hardware remains established, with a continuous increase in the token usage of major AI models, indicating a peak in AI applications expected in 2026. 2. The domestic production of robots and their integration into daily life is a confirmed trend for 2026, with robot products expanding from humanoid robots to quadrupedal and functional robots, creating recurring opportunities in sensors, controllers, and dexterous hands. 3. The trend towards semiconductor localization continues, with a focus on semiconductor equipment, wafer manufacturing, semiconductor materials, and IC design. 4. The military industry is expected to see a continued recovery in orders in 2026, with many sub-sectors like ground equipment, aviation equipment, and military electronics showing signs of bottoming out in their third-quarter performance. 5. The innovative drug sector is entering a harvest period after nearly four years of adjustment, with positive net profit growth for four consecutive quarters since Q3 2024, and an anticipated turning point in fundamentals in 2025, continuing an upward trend into 2026 [2]

张通社 zhangtongshe.com ｜立足张江，面向上海，服务科创｜ 近日，半导体龙头豪威集成电路（集团）股份有限公司（以下简称"豪威集团"）通过港交所上市聆讯， 冲刺A+H两地上市。据悉，豪威集团已于12月9日获中国证监会境外上市备案，计划发行不超过7367.02 万股H股。 ZHANG TONG SHE 豪威集团前身为韦尔股份，今年6月11日，将公司名称从韦尔股份变更为豪威集团。 据悉，豪威集团（韦尔股份）由芯片首富虞仁荣在2007年成立，而豪威科技于1995年5月在美国注册成 立，与日本索尼、韩国三星并称为全球领先的三大主要图像传感器供应商。 目前，公司主要从事三大产品线：图像传感器解决方案、显示解决方案以及模拟解决方案，公司也在持 续扩大公司的产品和解决方案品类和覆盖范围，从而服务智能手机、汽车、医疗、安防及新兴市场（机 器视觉、智能眼镜及端侧AI）等高增长行业。 公司是全球为数不多拥有全面的产品线和强大的设计能力的IC设计公司之一，这使公司能够设计、开发 和销售多种高性能、高度集成的半导体解决方案，广泛应用于多种行业重要领域。 根据弗若斯特沙利文的资料，按2024年收入计，在全球十大Fable ...

答:公司把并购列为发展战略之一,旨在通过并购增强技术与市场竞争力，成为一家比较大型规模的IC设 计公司。 格隆汇12月12日丨中颖电子(300327.SZ)在投资者关系中表示，有被问到:请谈一下公司对并购的看法？ ...

答:公司把并购列为发展战略之一,旨在通过并购增强技术与市场竞争力，成为一家比较大型规模的IC设 计公司。 格隆汇12月12日丨中颖电子(300327.SZ)在投资者关系中表示，有被问到:请谈一下公司对并购的看法？ ...

公众号记得加星标⭐️，第一时间看推送不会错过。 在AI浪潮推升下，根据IDC 5日最新全球半导体报告预估，2026年整体半导体市场规模将达8,890亿 美元。 IDC资深研究经理曾冠玮表示，在NVIDIA、超微（AMD）等AI GPU大厂与美系云端服务业 者自研AI ASIC芯片带动下，美国稳居全球IC设计龙头；但中国大陆IC设计公司2025年市占率已正 式超越台湾，预计2026年大陆市占可望扩大至约45%，台湾则将滑落至约40%，全球排名退居第三。 曾冠玮指出，台湾IC设计市占会在今年被大陆反超，关键在于「缺少自研AI芯片」；大陆在强劲AI 芯片内需与政策补贴拉抬下，相关IC设计业者快速冒出头，反观台湾除联发科外，多数厂商几乎没有 AI芯片相关营收，即使加上世芯、创意等IC设计服务业者，要追上大陆市占「仍有难度」。 IDC分析，中国大陆IC设计版图得以迅速扩张，主要受惠于半导体自主化政策与内需市场支撑。在美 国制裁下，大陆芯片设计公司持续技术突破，寒武纪等业者的AI芯片出货量明显放大，制造订单多流 向中芯国际等本土晶圆代工厂；兆易创新的NOR Flash、MCU需求畅旺，以及比特币大陆矿机芯片 热销，也为大 ...

Group 1 - The global semiconductor market is projected to reach $889 billion by 2026, driven by AI advancements and companies like NVIDIA and AMD [1] - Chinese mainland IC design companies are expected to surpass Taiwan's market share by 2025, with projections indicating a market share of approximately 45% for mainland China and about 40% for Taiwan by 2026 [1] - The lack of self-developed AI chips is a key factor in Taiwan's declining market share, as most Taiwanese firms, except for MediaTek, have minimal AI chip revenue [1] Group 2 - The rapid expansion of China's IC design landscape is supported by semiconductor self-sufficiency policies and domestic market demand, with companies like Huawei's HiSilicon and Cambricon making significant technological advancements [2] - Despite competitive pressures, Taiwan's critical position in the global semiconductor supply chain remains unchanged, with TSMC's revenue growth rate projected to be between 22% and 26% by 2026, maintaining a market share of approximately 73% [2] - The advanced packaging sector is expected to see a significant increase in TSMC's CoWoS capacity by about 72% by 2026, but demand from AI giants will keep the market in a supply-demand imbalance [2]

Group 1 - The core viewpoint of the article is that the semiconductor market is expected to grow significantly, driven by major players like TSMC, with a projected growth of 20% in the wafer foundry market next year and TSMC's revenue expected to grow by 22% to 26% [2][3] - The global semiconductor market is anticipated to reach $890 billion by 2026, with a growth rate of 11%, and could challenge the $1 trillion mark by 2028 [2] - The computing market is expected to grow by 18%, making it the largest application area for semiconductors, accounting for 46% of the overall market [2] Group 2 - The traditional wafer foundry and non-memory integrated device manufacturing (IDM) markets are projected to grow by approximately 14% by 2026 [3] - The mature process segment is recovering, with capacity utilization expected to remain above 80% due to strong demand from AI data centers [3] - China's wafer foundry capacity is expected to surpass Taiwan by 2028, driven by domestic policies and resource allocation [3] Group 3 - The IC design market in China is projected to surpass Taiwan by 2025, becoming the leader in the Asia-Pacific region [3] - The global packaging and testing market is expected to grow by 11% by 2026, with advanced packaging capacity increasing by 72% [3] - The semiconductor revenue is expected to grow by 22.5% in 2025 and by 26.3% in 2026, reaching $975 billion [5][6] Group 4 - The Americas region is expected to see the most significant growth in semiconductor revenue, with a projected increase of 34.4% [6] - The demand for logic chips is expected to grow by 37.1% in 2025, making it the largest product category in terms of revenue growth [5] - The third quarter of 2025 saw a significant increase in global chip sales, driven by demand for various semiconductor products [7]

Core Insights - The A-share market is experiencing a structural divergence, with cyclical industries leading the gains while the technology sector is undergoing a correction. The overall market is expected to maintain a "slow bull" trend, supported by the recent "14th Five-Year Plan" which provides long-term investment direction focusing on technological self-reliance and modern industrial system construction [1] Group 1: Market Trends - In October, the Shanghai Composite Index successfully approached the 4000-point mark, indicating a recovery phase in the domestic economy [1] - The market is currently characterized by a rotation of funds among various sectors, with a focus on stocks that show changes in their fundamentals [2][3] Group 2: Sector Focus - The AI and terminal application sectors are highlighted as key areas for investment opportunities, with a cautious approach towards previously high-performing sectors [3][6] - The military industry is noted for its potential short-term catalysts, while the commercial aerospace sector is expected to accelerate in development in the coming months [5] Group 3: Investment Strategies - Investors are advised to look for stocks with strong performance and valuation support, particularly in the AI industry chain and consumer electronics [4][11] - The focus on AI applications is emphasized, with potential growth in sectors such as robotics, smart driving, and AI infrastructure [8][10] Group 4: Economic Outlook - The overall market sentiment is cautious as it enters a period of performance and policy vacuum, with expectations of a balanced market style towards the end of the year [9][10] - The technology innovation sector is viewed as a crucial growth engine, with ongoing developments in AI infrastructure and applications expected to create new investment opportunities [11]