Nov 20, 2025 9:30 AM Eastern Standard Time ERI and ReElement Technologies Announce Rare Earth Elements Strategic Processing Partnership Share Under the agreement, ERI will leverage its extensive international collection network and eight U.S.-based recycling centers to aggregate and pre-process end-of-life magnet materials. ReElement will refine this recycled feedstock into high-purity rare earth oxides, enabling the domestic production of critical inputs for mobility, defense, and advanced technology appli ...

11月20日，摩尔线程公告，本次发行股份数量为7000万股，全部为公开发行新股。 公告显示，本次网上发行与网下发行将于2025年11月24日（T日）分别通过上交所交易系统和互联网交易平台实施。发行价格为 114.28元/股。本次募投项目预计使用募集资金为80亿元，按本次发行价格114.28元/股和7000万股的新股发行数量计算，预计发行人 募集资金总额为79.996亿元，扣除发行费用，预计募集资金净额为75.76亿元。 同时，摩尔线程发布本次发行最终战略配售数量结果，包括中证投资，中信证券资管摩尔线程员工参与科创板战略配售1号集合资 产管理计划，天翼资本控股有限公司等获配。 据招股说明书，公司本次发行募集资金将用于摩尔线程新一代自主可控AI训推一体芯片研发项目、摩尔线程新一代自主可控图形芯 片研发项目、摩尔线程新一代自主可控AI SoC 芯片研发项目及补充流动资金。 公司官网显示，摩尔线程成立于2020年，以全功能GPU为核心，致力于向全球提供加速计算的基础设施和一站式解决方案，为各行 各业的数智化转型提供强大的AI计算支持。 | 序 | 参与战略配售的投资 | 参与战略配售的投资者 | 获配股数 | 状目反 ...

自2023年ChatGPT引爆生成式AI革命以来，智算需求呈爆炸式增长。进入2025年，随着大量AI应用上 线，高端GPU"一卡难求"，算力愈发成为核心生产资料。 "除非量子计算、光子计算能够大规模替代硅基计算，否则后摩尔时代一定是体系结构的天下。"11月14 日，容芯致远联合创始人、CTO石旭在21世纪卓越董事会（苏州站）活动上表示。 但当前，多卡协同工作依然存在不少通信瓶颈。 石旭告诉21世纪经济报道记者，传统铜互连的高速互联方式，只能提供几十厘米级的低延迟互联能力。 这不仅使得在设备内部构建8卡甚至更多GPU设备变得愈发困难，而且也对高功耗的散热设计提出了挑 战。 在石旭看来，单纯依靠提升芯片制程来提高芯片性能、进而优化计算机系统性能的路径已走到尽头，只 有算力芯片、交换芯片、软件生态协同更新，才能实现计算机系统的性能迭代。"因此英伟达不仅做算 力芯片（GPU），还做网络芯片（收购Mellanox）、交换芯片（NVSwitch）以及软件生态 （CUDA）。" 从通算到智算 据统计，2023年中国通算服务器销量为470万台，智算服务器销量为15万台。而到了2025年上半年，通 算服务器销量萎缩到100多万 ...

Core Insights - SkyWater Technology and Silicon Quantum Computing (SQC) have announced a collaboration to advance hybrid quantum-classical computing, aiming to commercialize this technology by integrating quantum and classical components [1][2][3] Company Overview - SkyWater Technology is the largest exclusively U.S.-based, pure-play semiconductor foundry, focusing on secure manufacturing and packaging capabilities for high-performance computing [1][4] - SQC is a leading company in quantum computing, utilizing atomically engineered quantum processors to achieve high fidelities in quantum algorithms [6] Collaboration Details - The partnership will leverage SQC's precision in quantum device engineering and SkyWater's manufacturing capabilities to create a "future compute stack" where quantum processors work alongside classical processors [1][3] - SkyWater's Technology-as-a-Service model will facilitate the integration of quantum and classical components, reinforcing its role as a trusted enabler of next-generation technologies [2][3] Technological Advancements - The collaboration aims to develop hybrid systems that require precise manufacturing, secure packaging, and high-bandwidth connections to effectively integrate quantum and classical components [3] - SQC will provide its atomically-engineered quantum processing units (QPUs), while SkyWater will supply superconducting resonators and tailored silicon wafers [3]

Group 1: Employment Data - The September nonfarm payrolls are expected to add 50,000 jobs, an increase from the 22,000 estimated in August, with the unemployment rate projected to remain at 4.3% [5] - The Bureau of Labor Statistics (BLS) revised its employment growth number for the year ending March 31, 2025, down by 911,000 jobs [5] - The BLS canceled the October jobs report due to the inability to collect household survey data retroactively [6] Group 2: Netflix and Warner Bros. Discovery - Netflix has indicated it will continue to release Warner Bros. films in theaters if it acquires the studio, despite previously limiting theatrical releases [7] - Warner Bros. has contractual obligations for theatrical releases that Netflix plans to honor [8] - Paramount Skydance's latest bid for Warner Bros. is expected to be around $23.50 per share, while Netflix and Comcast are interested in the streaming and studio operations [9][10] Group 3: ByteDance Valuation - A Chinese investment firm purchased a block of ByteDance shares at a valuation of $480 billion, indicating strong investor interest in the parent company of TikTok [11] - The stock block was priced at approximately $200 million, with a previous valuation of $360 billion for ByteDance [12]

Core Insights - The 27th High-Tech Fair concluded successfully, focusing on "Technology Empowering Industries, Co-creating the Future" [1] - The "Guangdong Military Innovation and Technology" exhibition area attracted significant attention, showcasing nine military innovation enterprises with strong technological capabilities [1][3] Group 1: Company Highlights - Yuzhi Power presented an "Integrated Joint Power Module" and a series of embodied robot solutions, drawing high interest from attendees [3] - Biaolang Environmental showcased its Kason Environmental series of interior wall coatings and received numerous inquiries from construction industry clients, leading to initial agency agreements [3][5] - Daqi Disinfection introduced a dynamic disinfection IoT air purification device, effectively eliminating bacteria and viruses in spaces [5] - Fuan Zhi's fire self-rescue cabin attracted many participants with its innovative design and performance, establishing initial cooperation intentions with several construction and emergency equipment companies [5] - Suiguang Technology's AI-3D training system integrates AI and 3D interaction technology for immersive training across various sectors [5][6] - Huakai presented its "Huakai Smart Factory Overall Solution," enhancing digital upgrades and efficiency for enterprises [5] - Yijian Space exhibited an integrated remote sensing monitoring system applicable in various fields, aiding in safety risk prevention [5] Group 2: Event Outcomes - The exhibition saw over 10,000 professional consultations, resulting in 95 supply-demand matches and cooperation discussions [8] - Several enterprises received attention from investment institutions, with plans for further in-depth discussions [8] - The operational office of the base acted as a "super liaison," facilitating connections and resource integration for participating companies [8] - The base aims to continue its role as a platform and bridge, supporting veteran entrepreneurs in navigating the technology wave and contributing to economic development [8]

消息方面，国内多数半导体设备公司25Q3业绩增长向好，如北方华创25Q3收入恢复健康增长，中 微公司、拓荆科技等25Q3利润环比增长明显。展望2026年，国内前道先进逻辑和存储产线扩产有望同 比加速，后道测试机、分选机等将持续受益于下游先进封装扩产趋势并逐步拓展至算力领域，整体半导 体设备厂商签单和业绩增长趋势向好。 招商证券表示，国内自主可控进程加速，同时将持续受益于2026年国内先进逻辑和存储产线扩产趋 势，建议关注国产自主算力大芯片厂商以及受益于边际复苏及AI服务器需求提升的标的。 11月20日上午，A股三大指数集体上涨，上证指数盘中上涨0.29%，有色金属、建筑材料、环保等 板块涨幅靠前，美容护理、商贸零售跌幅居前。芯片板块高开低走，截至10点14分，芯片ETF （159995.SZ）下跌0.36%，其成分股中微公司下跌3.17%，北方华创下跌2.75%，拓荆科技下跌2.16%。 部分个股活跃，闻泰科技上涨2.67%，盛美上海上涨1.09%。 资料显示，芯片ETF（159995）跟踪国证芯片指数，30只成分股集合A股芯片产业中材料、设备、 设计、制造、封装和测试等龙头企业，其中包括中芯国际、寒武纪、长 ...

国泰中证半导体材料设备主题ETF（159516）成立日期2023年7月19日，最新规模82.99亿。今年以来收 益44.76%，同类排名628/4208；近一年收益27.2%，同类排名1458/3971；成立以来收益45.15%。 国泰中证半导体材料设备主题ETF（159516）基金经理为艾小军。 截至发稿，艾小军累计任职时间11年315天，现任基金资产总规模1690.29亿元，任职期间最佳基金回报 259.2%， 任职期间最差基金回报-46.54%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 11月20日，神工股份跌5.05%，截至发稿，报67.00元/股，成交3.99亿元，换手率3.42%，总市值114.10 亿元。 资料显示，锦州神工半导体股份有限公司位于辽宁省锦州市太和区中信路46号甲，成立日期2013年7月 24日，上市日期2020年2月21日，公司主营业务涉及半导体级单晶硅材料的研发、生产和销售。主营业 务收入构成为：硅零部件53.8 ...

据悉，此次供应波动的核心原因是GDDR显存模块价格大幅上涨，导致显卡物料成本急剧攀升。当前全球DRAM产能正大规模向数据中心建设倾斜，使得消 费级内存供应持续紧张，存储芯片价格在数周内出现"惊人上涨"，供应链难以快速调整应对。 业内分析指出，英伟达的"60系列"（如RTX 4060/3060）及"50系列"（如RTX 4050/3050）等主打性价比的显卡型号，因利润空间相对微薄，最有可能成为生 产调整的对象。厂商为保障投资回报率更高的业务板块，或将收缩消费级主流显卡的生产规模。 【环球网科技综合报道】11月20日消息，据科技媒体Wccftech报道，受全球DRAM内存供应短缺影响，GPU制造商英伟达与AMD正考虑暂停入门级及中端 游戏显卡的生产计划，相关市场或面临供应调整与价格波动。 内存短缺已对电子行业产生连锁反应，不仅推高硬件组件成本，还导致内存模组价格大幅跳涨。华硕等厂商表示，若DRAM短缺状况持续，消费类电子设备 售价可能被迫上调，未来数周内主流型号显卡价格也存在"飙升"风险，将直接影响广大游戏玩家群体的消费选择。（纯钧） ...

企查查APP显示，近日，东莞市强鹏芯半导体科技有限公司成立，注册资本5000万元，经营范围包含： 半导体器件专用设备制造；半导体器件专用设备销售；电子专用设备制造；电子专用设备销售等。企查 查股权穿透显示，该公司由强瑞技术间接全资持股。 ...