另外，市场昨天稍早传出，台积电规划将台湾部分成熟制程设备转至世界先进新加坡12吋厂，进一步冲 刺先进制程、并为成熟制程升级至特殊制程挪出空间。 台积电（2330）扩大美国布局，昨（8）日公告斥资逾1.97亿美元（约新台币62.27亿元），向亚利桑那 州州政府取得新土地，以供美国厂扩大营运与生产。 市场并传出，台积电有意将部分台湾成熟制程设备转至世界先进新加坡12吋厂，借此腾出更多空间设置 新机台，扩大台湾先进制程产能。 台积电表示，新取得亚利桑那州土地，主要供营运与生产使用，惟该公司目前处于法说会前缄默期，不 评论台湾成熟制程设备转至世界先进星国厂区传言。世界先进也不评论相关设备移转消息。法人指出， 若传言为真，意味台积电台美先进制程布局同步催速，有助推升后续业绩。 台积电董事长魏哲家曾在去年10月的法说会上透露，正加大美国布局，将于亚利桑那州再取得一块大面 积土地，以支持目前的拓展计划并提供更多弹性，并借此应对非常强劲的AI相关长期需求。 台积电昨天落实魏哲家的说法，公告美国子公司TSMC Arizona向亚利桑那州州政府取得新土地，该土 地座落于Southwest corner of 43rd Avenu ...

美国这次是真急了。 12月23日，美国贸易代表办公室甩出一份新的对华加征关税清单，目标直指半导体产业。但这次不一 样，他们没有继续死磕先进制程，而是把枪口对准了成熟制程芯片。 说实话，看到这份清单的时候，我愣了一下。 这招够狠，也够阴。 一年半的"缓冲期"，这是什么意思？ 我仔细琢磨了一下，答案其实很简单——美国自己也心虚。 如果真有必胜把握，何必拖这么久？直接执行不就完了？ 为什么这么说？ 过去几年，美国一直在先进制程上卡我们脖子，EDA软件、光刻机、高端设备，能封的都封了。但效 果呢？中国硬是在夹缝中杀出一条血路，华为Mate60的横空出世，直接打了某些人的脸。 所以美国学聪明了，既然"卡脖子"不好使，那就换个地方——卡腹部。 成熟制程芯片，28nm、55nm这些"老工艺"，听起来不够高大上，但它们才是全球电子产业的命脉。你 手机里的电源管理芯片、汽车里的控制模块、家电里的声光控制器，全靠这些"不起眼"的芯片撑着。 而中国，恰恰在这个领域占据了全球三成的产能。 美国这次是奔着我们的要害来的。 但有意思的是，这份关税清单要到2027年6月才生效。 问题在于，成熟制程芯片一旦出问题，遭殃的不只是中国企业。苹果 ...

2025年11月，美国硅谷一场芯片行业峰会上，英特尔、高通、ASML这些欧美芯片巨头的高管，当着全 球媒体的面集体"哀嚎"，还联合抛出一份所谓的"产业预警声明"。 这话听着唬人，其实扒开一层皮全是猫腻。 声明里的话透着股绝望感，核心就一句：中国芯片企业要是继续降价倾销，全球半导体产业体系会彻底 崩溃，上千家企业倒闭，数百万工人失业。 咱们不用懂复杂的芯片技术，就顺着这几个关键点捋，就能看清谁在装可怜，谁在真刀真枪抢市场。 是急了不是怕了 要搞清楚这背后的门道，咱们得先弄明白一个关键问题：欧美巨头这波"发难"，真的是为了全球产业 吗？ 答案其实很直白：根本不是为了什么全球产业，而是他们自己实在扛不住了。 从2024年中国芯片企业启动调价开始，欧美那些做成熟制程芯片的企业就迎来了"寒冬"。 有数据显示，这一年多里，他们的营收直接暴跌了35%，更惨的是部分企业的利润直接腰斩，到手的钱 少了一半还多。 中国有硬实力 看到这儿可能有人要问了：中国芯片企业为啥敢这么大幅度降价？做生意不都是为了赚钱吗？难道真的 不担心亏本？ 其实敢这么干，背后全是硬实力撑着，核心就一点：咱们的产业链越来越成熟，成本控制做到了极致， 降价之 ...

很多人以为，只要美国一加税，中国芯片的订单就会被迫外流，产业链会迅速"转向"。 但现实却完全相反。加税消息刚一公布，全球客户反而更着急了，不是撤单，而是抢着和中国工厂锁产 能，生怕慢一步就排不上队。 订单为什么往中国跑 这种看似反常的行为背后，其实隐藏着一个越来越清晰的事实：在芯片这个高度工业化的领域，决定去 留的，从来不是口号，而是谁能把货做出来、交稳定、成本还扛得住。而中国，正在成为那个绕不开的 答案。 如果只盯着最先进的芯片，很容易看错方向。真正撑起全球工业体系运行的，并不是那些站在技术金字 塔尖端的产品，而是数量庞大、应用广泛的成熟制程芯片。 汽车、家电、医疗设备、电网系统、工业自动化，这些领域所依赖的，几乎全部是28纳米及以上的芯 片。它们不追求极限性能，但对供货稳定性和成本极度敏感，一旦断供，影响的不是一家公司，而是整 条产业链。 如今，全球约七成的成熟制程订单正在流向中国，并不是因为情绪或立场，而是市场的理性判断。 美国加税的消息尚未真正落地，企业却已经开始提前行动，有的直接把未来一整年的需求锁定在中国， 有的调整供应链路径，也要确保核心芯片来自稳定产线。 原因很简单，成熟芯片几乎不存在品牌溢价 ...

此外，美国也把这18个月的时间视为为中长期的产业布局争取空间。近年来，美国两党在对华科技竞争 上达成共识，都强调要在半导体等关键领域减少对中国的依赖，推动制造业回流或转向与盟友合作。然 而，这种产业转移并不是一朝一夕能够完成的。无论是新生产线的建设，技术工人的培训，还是盟友间 产能的协调，每一步都需要大量的资金和时间。这18个月的缓冲期正好为美国及其所谓的可信赖伙伴提 供了操作空间。这意味着，美方并不是放弃遏制中国芯片产业的意图，而是在为未来可能的封锁和围堵 打下基础。 美方的调查报告中还指出，中国有可能在未来几年占据全球成熟制程芯片产能的半数，并 视此为威胁。但仔细分析可以发现，这其中其实带有明显的双重标准和主观色彩。一方面，中国增加产 能是基于市场需求、技术进步和产业发展规律的自然结果，并没有强制排他性。另一方面，美国却常以 国家安全为由，对他国产业进行干预，这实际上是将经济问题政治化的表现。 **美国总是将经济问题政治化** 面对美国挥舞的关税大棒，中方迅速作出反应，明确表示：如果美方 继续损害中方的权益，中方将采取坚决的措施，坚定捍卫自身权益。自始至终，中方都明确指出，滥用 关税手段不仅会扰乱市场秩序 ...

文|百川 《华尔街日报》最近的报道直言不讳地表示：美国一直关注着中国稀土，却没有察觉到更大的危险已经 悄悄形成。 经过几十年的产业政策深耕，中国在锂电池、成熟的制程芯片、医药原料药这三个领域已经建立了几乎 全球唯一的主导地位，一旦中国拿出这些"新王牌"，美国企业就比受到稀土限制的时候更难熬了。 01 锂电池：谁拥有电池，谁就拥有未来 电动车、储能、手机，哪一个没有锂电池？结果就是，中国早就把整个产业链掌握在自己手中。 全球前两大电池巨头宁德时代、比亚迪均为中国公司，2025 年全球前五名电芯厂商中，有三个为中国 企业。关键材料更夸张：正极材料 79%、负极材料 92%、精炼石墨 98%、精炼钴 80%、锂化工产品 63%，几乎全是"中国制造"。 这不是运气，而是从 2015 年开始国家就一盘棋：大额补贴 + 强制要求本土汽车企业使用国产电池，把 对手远远地甩在了后面。就算在美国生产电池，里面的原材料也还是要从中国进口。 02 成熟芯片、镓锗：无声的杀手锏 不要只盯着 7 纳米、3 纳米，汽车、家电、国防装备中 90% 的芯片都是 28 纳米以上的成熟制程，而中 国已经占到了全球约三分之一的产能，并且还在疯狂扩 ...

Core Insights - The article highlights the geopolitical significance of the rare earth industry, particularly in the context of U.S.-China relations, emphasizing that China's recent decision to lift export restrictions on rare earths is a strategic move rather than a gesture of goodwill [1][3]. Group 1: Rare Earth Industry - China controls over 80% of global rare earth processing and 90% of magnet production, making it a dominant player in the market [3]. - The U.S. aims to establish an independent rare earth supply chain but faces significant technological barriers, questioning the feasibility of this goal [3][9]. Group 2: Lithium Battery Industry - China holds a critical position in the global lithium battery supply chain, controlling 79% of battery cathode materials, 92% of anode materials, 80% of refined cobalt, and 98% of refined graphite [5]. - The U.S. struggles to develop its own battery supply chain, which could lead to severe disruptions in its renewable energy sector if China alters its supply [5]. Group 3: Mature Process Chips - China accounts for one-third of the global capacity for mature process chips, which are essential for various industries, including automotive and consumer electronics [6]. - U.S. efforts to restrict technology access have inadvertently accelerated China's self-sufficiency in mature chip production [6]. Group 4: Pharmaceutical Raw Materials - The U.S. pharmaceutical industry heavily relies on Chinese raw materials for common medications, highlighting a critical dependency despite the lack of visible "Made in China" labels [8]. - China's role in supplying medical raw materials became particularly evident during the global pandemic, showcasing its influence in the healthcare supply chain [8]. Group 5: Political Narrative - The U.S. narrative of achieving independence from China in critical industries is portrayed as a political illusion, masking the underlying realities of dependency [9]. - The ongoing competition between the U.S. and China in these sectors will continue to shape the future economic landscape [9].

Core Viewpoint - China emphasizes the dual-use nature of rare earth materials and asserts that export controls are a common international practice, while the U.S. continues to propagate the narrative of "weaponizing" rare earth supplies, extending this rhetoric to other sectors [1][14]. Group 1: Rare Earth and Battery Industry - China has established a dominant position in the supply chain through decades of industrial policy, controlling key rare earth minerals and compelling negotiations with the U.S. [1] - Chinese suppliers produce 79% of global battery cathode materials and 92% of anode materials, with a 63% market share in lithium refining products, 80% of refined cobalt supply, and 98% of refined graphite supply [2]. - The two largest battery manufacturers globally are Chinese companies, CATL and BYD, indicating China's critical role in electric vehicle and green energy technology [1][2]. Group 2: Semiconductor Industry - China holds approximately one-third of the global capacity for mature process semiconductors, essential for automotive, consumer electronics, and defense sectors [6]. - The U.S. Geological Survey indicates that China will produce 99% of global gallium and is a major producer of germanium, with export controls on these minerals already in place [6][10]. Group 3: Pharmaceutical Industry - A significant portion of active pharmaceutical ingredients (APIs) in the U.S. is sourced from China, including key components for widely used medications like acetaminophen and ibuprofen [9][10]. - China has prioritized pharmaceutical and medical device production in its industrial development strategy, aiming for innovation and self-sufficiency [13][14]. Group 4: Economic Self-Sufficiency and Strategic Positioning - Over the past two decades, China has systematically pursued economic self-sufficiency, reducing reliance on Western imports and establishing leverage over critical supply chains [14][15]. - The Chinese government continues to enhance its industrial capabilities, aiming to build a resilient supply chain and a robust manufacturing sector [15][16]. - Experts note that the U.S. has become increasingly dependent on China for rare earth materials, complicating efforts to impose restrictions on Chinese exports [16].

Core Viewpoint - The company welcomes the U.S. authorities' decision to suspend the implementation of the so-called "penetration rule" for one year and appreciates China's efforts to restore exports from its factories, ensuring the continued flow of critical mature process chips to the global market [1] Group 1 - The company announced that it suspended direct wafer supply to its Chinese factory due to non-payment of wafer fees on October 29, 2025, but has not completely halted wafer shipments, with all its factories in Europe and other regions of Asia operating normally [1] - The company denied the reinstatement of Zhang Xuezheng as CEO, stating that strategic decisions such as relocating parts of the business or dismissing executives require approval from the Dutch government and will continue for one year [1]

Core Insights - The company welcomes the U.S. authorities' decision to suspend the implementation of the so-called "penetration rule" for one year [1] - The company appreciates China's efforts to restore exports from its factories and foundries, ensuring that critical mature process chips continue to flow into the global market [1] - The company is awaiting further details regarding the conditions, standards, and procedures for easing export restrictions [1] Company Operations - On October 29, 2025, the company suspended direct wafer supply to its Chinese factory due to non-payment of wafer fees, but it has not completely halted wafer shipments [1] - All factories in Europe and other regions in Asia continue to operate normally [1] Management and Strategic Decisions - The company denies the reinstatement of Zhang Xuezheng as CEO [1] - Strategic decisions, such as relocating parts of the business or dismissing executives, require approval from the Dutch government and will continue for one year [1]