碳化硅作为第三代半导体的代表性材料，正成为推动新能源、工业控制等领域发展的核心力量，其战略 意义与市场价值日益凸显，持续受到资本市场关注。近日，国内又有两家公司传出融资新动态。 01 超2亿元，瀚薪科技完成新一轮融资 近期，瀚薪科技瀚薪科技宣布完成超2亿元的新一轮融资。 瀚薪科技表示 ，该轮融资由西安高新区芯石投资合伙企业（有限合伙）领投，西安高新区多家国有资 本投资平台联合投资，标志着瀚薪科技在产业拓展和区域协同发展方面迈出关键一步。 融资完成后，#瀚薪科技 将在西安建立第二总部，进一步深化与西北地区产业链上下游企业及高校的合 作，强化区域协同创新能力，加快碳化硅核心产品的研发与产业化进程，全面提升公司在全国半导体功 率器件领域的辐射力和影响力。 此次融资不仅为瀚薪科技注入新的资本动力，更体现了西安作为西部半导体产业重镇对公司技术实力与 发展前景的高度认可。 瀚薪科技将依托西安丰富的科教与产业资源，积极构建"双总部、双轮驱动"格局，进一步整合产业链， 扩大产能布局，助力我国第三代半导体行业的高质量发展。未来，瀚薪科技将继续聚焦碳化硅核心技术 的研发与创新，持续推动产品迭代与市场应用，并不断提升客户服务标准， ...

天岳先进(02631)早盘涨近7%，截至发稿，涨6.24%，报62.15港元，成交额1.55亿港元。 此外，SiC凭借其高热导率和高工艺窗口，有望显著提升CoWoS结构散热并降低封装尺寸。有媒体报道 称，英伟达在其新一代Rubin处理器设计中，将CoWoS先进封装的中间基板材料从硅更换为碳化硅，以 提升散热性能，并预计2027年开始大规模采用。 消息面上，天岳先进董事长宗艳民此前接受采访表示，碳化硅是光波导镜片的理想材料。但过去受制于 衬底尺寸和缺陷，一片8英寸衬底仅能制造3-5副眼镜，导致其只能用于极高端领域。而天岳先进此前发 布12英寸衬底，一片可做10-12副镜片，使碳化硅光学应用从高端走向民用。他透露，公司正与全球光 学头部客户紧密推进产品导入，"碳化硅光学眼镜很快将走向市场，未来碳化硅光波导眼镜的市场规模 可达数亿副"。 ...

此外，SiC凭借其高热导率和高工艺窗口，有望显著提升CoWoS结构散热并降低封装尺寸。有媒体报道 称，英伟达在其新一代Rubin处理器设计中，将CoWoS先进封装的中间基板材料从硅更换为碳化硅，以 提升散热性能，并预计2027年开始大规模采用。 智通财经APP获悉，天岳先进(02631)早盘涨近7%，截至发稿，涨6.24%，报62.15港元，成交额1.55亿港 元。 消息面上，天岳先进董事长宗艳民此前接受采访表示，碳化硅是光波导镜片的理想材料。但过去受制于 衬底尺寸和缺陷，一片8英寸衬底仅能制造3-5副眼镜，导致其只能用于极高端领域。而天岳先进此前发 布12英寸衬底，一片可做10-12副镜片，使碳化硅光学应用从高端走向民用。他透露，公司正与全球光 学头部客户紧密推进产品导入，"碳化硅光学眼镜很快将走向市场，未来碳化硅光波导眼镜的市场规模 可达数亿副"。 ...

"我们看到，一方面部分高端设备、核心零部件等领域仍需要加紧突破，另一方面人工智能等新兴产业 又对半导体提出更高的要求。"9月29日，中微公司（688012.SH）董事长尹志尧在智微资本首期基金成 立仪式上表示，中国半导体产业进入了高速发展期，机遇与挑战并存。 这个机遇价值万亿美元。据德勤报告，2025年全球半导体产业销售收入将达到创纪录的6970亿美元， 2030年突破1万亿美元大关；中国半导体产业的挑战，则在于起步晚，而且最近两年产业投资金额缩 水。 中国投资规模缩水 2025年9月29日，上海智微资本的首期基金，规模15亿元的上海智微攀峰基金召开成立仪式。 智微资本是中微公司战略发起并参与出资设立的投资平台。智微资本聚焦半导体、泛半导体和战略新兴 领域，通过联动产业及资本，构建覆盖半导体设备产业链上下游的投资体系。 中微公司是半导体设备的头部企业，目前市值超过1800亿人民币。过去十四年收入年化增速大于35%， 部分刻蚀、薄膜设备进入全球先进水平行列。 "我们（中微公司）给早期的投资者带来了60倍的回报，给中期的投资商带来了30倍的回报。"尹志尧在 会议上表示。 尹志尧将首期智微攀峰基金视为中微公司在资本 ...

中国投资规模缩水 2025年9月29日，上海智微资本的首期基金，规模15亿元的上海智微攀峰基金召开成立仪式。 智微资本是中微公司战略发起并参与出资设立的投资平台。智微资本聚焦半导体、泛半导体和战略新兴 领域，通过联动产业及资本，构建覆盖半导体设备产业链上下游的投资体系。 中微公司是半导体设备的头部企业，目前市值超过1800亿人民币。过去十四年收入年化增速大于35%， 部分刻蚀、薄膜设备进入全球先进水平行列。 "我们（中微公司）给早期的投资者带来了60倍的回报，给中期的投资商带来了30倍的回报。"尹志尧在 会议上表示。 尹志尧将首期智微攀峰基金视为中微公司在资本领域的关键落子，中国半导体产业生态协同发展的全新 起点。他认为，人工智能对半导体提出更高的要求，这既是中国的挑战，更是机遇，部分高端设备、核 心零部件等领域需加紧突破。 2030年，全球半导体产业规模有望突破1万亿美元大关 "我们看到，一方面部分高端设备、核心零部件等领域仍需要加紧突破，另一方面人工智能等新兴产业 又对半导体提出更高的要求。"9月29日，中微公司（688012.SH）董事长尹志尧在智微资本首期基金成 立仪式上表示，中国半导体产业进入了高速 ...

点击 最 下方 "在看"和" "并分享，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 正文 引言 在这场静默的危机背后，作为第三代半导体材料的 "碳化硅" ，正从两个核心战场掀起一场深刻的变革： 在"供电"战场 ，它化身高效能的 功率芯片 ，潜入服务器电源，将电能转换效率推升至98%的极致，解决了AI集群 "吃得多、浪费多" 的难题。 在"散热"战场 ，它变身为 封装基板 ， 直接为GPU"筑基"，用其卓越的导热性能，将芯片产生的巨量热能快速导出，解决了 "热量排不出、性能上不去" 的瓶颈。 这份报告将为您深度解析，碳化硅如何从 芯片封装到数据中心供电 ，贯穿AI算力核心，成为赋能未来AI产业不可或缺的核心材料变革。这不仅是技术的 迭代，更是一场关乎未来算力成本与可持续性的关键博弈。 当我们在谈论ChatGPT、Sora，以及不断刷新记录的AI模型时，我们谈论的其实是算力的"饕餮盛宴"。然而，支撑这场盛宴的AI服务器，正面临一场空前 的能源与散热危机——单机柜功率突破百千瓦，芯片功耗直逼千瓦大关，传统的技术路径已然触顶。 CoWoS产能与碳化硅需求的倍增关系 ：报告指出若完全替代，碳化硅需求是CoW ...

（原标题：美股异动 | Wolfspeed(WOLF.US)跌超29% 计划将注册地迁至特拉华州） 智通财经APP获悉，周五，全球碳化硅厂商Wolfspeed(WOLF.US)股价暴跌，截至发稿，该股跌超29%， 报1.305美元。消息面上，Wolfspeed近日发布最新公告，表示公司计划作为战略重组计划的一部分，于 2025年9月29日前，将公司注册地从北卡罗来纳州迁至特拉华州。该公司目前正处于第11章破产保护程 序中，其在公告中警告投资者，交易其证券具有高度投机性，股东可能面临重大亏损。 ...

Group 1: Rare Metal ETF Performance - The Rare Metal ETF has a turnover rate of 3.51% and a transaction volume of 87.15 million yuan [3] - As of September 25, the ETF has seen an average daily transaction volume of 208 million yuan over the past month, ranking first among comparable funds [3] - The ETF's scale has increased by 247 million yuan this month, also ranking first among comparable funds [3] - The ETF's shares have grown by 43.5 million shares this month, achieving significant growth and ranking first among comparable funds [3] - Over the past 19 trading days, the ETF has experienced net inflows on 10 days, totaling 423 million yuan [3] - The ETF's net value has increased by 79.68% over the past year [3] - The highest monthly return since inception is 24.02%, with the longest consecutive monthly gains being 4 months and a maximum increase of 58.56% [3] - The average monthly return during rising months is 8.77%, and the ETF has outperformed the benchmark with an annualized return of 5.45% over the past three months [3] Group 2: Silicon Carbide and Rare Metals Market Trends - Silicon carbide prices have risen by 5.7% to 5,600 yuan per ton, reaching a three-month high, while high-purity gallium prices have increased by 1.1% due to recovering demand in the semiconductor sector [4] - The strategic importance of silicon carbide as a core substrate is increasing with its penetration in new energy vehicles, photovoltaic inverters, and 5G base stations [4] - Although short-term price fluctuations are influenced by production capacity release, the long-term outlook for the silicon carbide industry remains positive due to accelerated domestic substitution and increased downstream application [4] - Prices of tungsten and praseodymium-neodymium oxide are also at high levels, indicating a continued structural tightness in resource supply [4] Group 3: Top Holdings in Rare Metal Index - As of August 29, 2025, the top ten weighted stocks in the China Rare Metal Theme Index include Northern Rare Earth, Luoyang Molybdenum, Salt Lake Industry, Huayou Cobalt, Tianqi Lithium, Ganfeng Lithium, China Rare Earth, Shenghe Resources, Zhongjin Resources, and Xiamen Tungsten, collectively accounting for 57.58% of the index [4]

Industry Overview - The non-ferrous metals sector is experiencing favorable policies and supply-demand dynamics, with tight copper supply supporting prices and "anti-involution" policies expected to improve the smelting and processing landscape [1] - Domestic growth stabilization policies and the U.S. entering a rate-cutting cycle are anticipated to enhance demand, leading to a potentially strong copper price trend [1] - China holds a leading advantage in rare earth resources, smelting, and downstream magnetic materials, with developments in humanoid robots and new energy sectors providing new demand momentum [1] Company Performance - Luoyang Molybdenum Co. reported impressive performance in the first half of 2025, achieving a net profit of 8.671 billion yuan, a year-on-year increase of 60.07%, marking a historical high for the period [2] - The company produced 353,600 tons of copper, a 12.68% year-on-year increase, also a historical high for the same period, supported by the TFM and KFM projects [2] - Luoyang Molybdenum completed the acquisition of the Ecuadorian Cangrejos gold mine, further diversifying its product matrix [2] Market Dynamics - The silicon carbide price increased by 5.7% this week, reaching a three-month high, while high-purity gallium prices rose by 1.1%, indicating a recovery in demand for high-end electronic materials [2] - The lithium concentrate price at China's ports rose by 3.71%, and the price of praseodymium-neodymium oxide remains at a 19-month high, suggesting that some rare metal raw materials are still in a favorable market condition [2] ETF Performance - As of September 25, 2025, the CSI Rare Metals Theme Index rose by 1.44%, with the Rare Metals ETF (159608) increasing by 1.53%, peaking over 2% during trading [3] - The top ten weighted stocks account for 57.58% of the index, with Luoyang Molybdenum rising by 7.29% and hitting the daily limit [3] - The Rare Metals ETF has seen a significant growth of 17.1 million yuan in the past month, with net inflows on 10 out of the last 18 trading days, totaling 14.5 million yuan [3]

Market Overview - On September 19, A-shares opened mixed with the three major indices showing varied performance [1] - The CPO concept, communication equipment, and electronic components sectors were active, while diversified finance and tourism sectors saw the largest declines [2] Stock Performance - Several high-position stocks experienced corrections, with Shanghai Construction falling to the daily limit, and Shoukai Co. dropping over 5% [3] - In the Hong Kong market, the Hang Seng Index and Hang Seng Tech Index opened lower, but the Hang Seng Tech Index turned positive, with JD Group rising nearly 2% and Alibaba falling close to 1% [4] Notable Stock Movements - On its first trading day, Gengfang Pharmaceutical-B opened high and saw its gains expand, reaching nearly 120% at one point [5] - The silicon carbide concept stocks surged initially, with Tianfu Energy hitting the daily limit and other companies like Tiantong Co. and Dongni Electronics also rising [6] Semiconductor Sector - Storage chip concept stocks saw fluctuations, with Demingli rising over 9%, supported by overnight gains in U.S. storage companies like Micron Technology and Western Digital [7] - The military equipment sector also showed significant upward movement, with companies like Hangya Technology rising nearly 8% [8] Company-Specific News - Tianpu Co. achieved a 13-day consecutive limit-up, trading at 91.96 yuan per share, amidst reports of abnormal trading behavior and a potential change in control involving a 2.1 billion yuan investment [9]