美国联邦贸易委员会（FTC）已核准人工智慧（AI）芯片巨头英伟达与英特尔价值50亿美元的合作协 议，暗示主管机关认为这桩交易并未立刻构成反托辣斯疑虑。 英伟达与英特尔在9月签署策略伙伴协议，英伟达将以23.28美元的价位，买进价值50亿美元的英特尔股 票，以共同开发AI与芯片技术，应用于下一代个人运算产品与资料中心。 在2022年，FTC挡下英伟达与芯片设计业者安谋（ARM）价值400亿美元的并购案。 而FTC这次放行英伟达与英特尔的交易，暗示主管机关认为这桩交易视为并未立即构成反垄断违规。 另外，伯恩斯坦分析师罗斯根（Stacy Rasgon）指出，相较于费城半导体指数，英伟达"目前的交易价格 约有13%的折价，从历史估值来看，PR值是1（只有1%的情况比现在更低）"，这意味着英伟达股票罕 见出现如此具吸引力的水准。 这项协议将整合英伟达的绘图处理器（GPU）与英特尔的中央处理器（CPU）技术，与晶圆代工龙头台 积电、超微等对手一较高下。 英伟达掌控大约85–95%的数据中心GPU市场，其支配地位已引发反托辣斯疑虑，若与英特尔的交易完 成，将进一步巩固其市场地位。 ...

IDC资深研究经理曾冠玮今天表示，明年晶圆代工市场可望成长20%，主要来自于台积电贡献，预期台 积电明年营收有望成长22%至26%，台积电以外的厂商营收仅成长6%至10%，呈现大者恒大、强者恒强 态势，台积电市占率可达73.1%。 市场研究暨分析机构国际数据资讯（IDC）今天召开台湾ICT市场及全球半导体趋势预测记者会，曾冠 玮表示，在人工智能（AI）驱动下，2026年全球半导体市场可望成长11%，达到8900亿美元规模，2028 年应可挑战1兆美元大关。 IC设计方面，曾冠玮表示，在国家政策强力扶植下，中国大陆IC设计产值于2025年将超越台湾，居亚太 区IC设计之冠。预期2026年亚太区IC设计市场可望成长11%，中国大陆市占率可望进一步扩大至45%。 曾冠玮指出，2026年运算市场可望成长18%，是成长最大的半导体应用领域，也是半导体最大应用市 场，占整体半导体市场比重达46%。AI加速器市场将激增78%，特殊应用芯片（ASIC）增幅可达 113%，高于绘图处理器（GPU）的66%。 半导体封测方面，曾冠玮预期，2026年全球封测市场可望成长11%，CoWoS先进封装产能将增长72%， 台积电年产能估计 ...

Core Viewpoint - Microsoft is developing a new "microfluidics" technology for cooling, which could disrupt existing cooling solutions in the AI server market and impact Taiwanese cooling manufacturers like Huan Hsin, Chi Mei, and Shuang Hong [1][2][3] Group 1: Technology Development - The microfluidics technology involves cooling liquid flowing through microchannels etched on chips, providing superior heat dissipation compared to traditional methods [1][3] - This technology allows for effective cooling even at high temperatures, potentially reaching up to 70 degrees Celsius [3] - Microsoft aims to leverage this technology to stack and develop more powerful chips without increasing the number of chips needed, enabling overclocking during peak usage [3] Group 2: Market Impact - The announcement has led to significant stock declines for Taiwanese cooling companies, with Huan Hsin dropping 4.46%, Chi Mei falling below 1,000 TWD, and Shuang Hong decreasing to 879 TWD [2] - The cooling technology landscape is evolving, with NVIDIA's AI platforms consuming over 2,000W, prompting a series of cooling innovations, but Microsoft's approach may disrupt this trend [2]

Core Insights - NVIDIA plans to build 20 AI factories in Europe and establish the world's first "industrial AI cloud" in the region [1] - The AI computing capacity in Europe is expected to increase tenfold within two years [1] - Quantum computing technology is at a turning point, with potential applications to solve significant global issues in the coming years [1] Group 1: AI Infrastructure Development - NVIDIA's CEO Jensen Huang announced the construction of 20 AI factories in Europe [1] - The first industrial AI cloud, equipped with 10,000 GPUs, will be established in Germany [1] - NVIDIA is forming alliances with various European companies, including the French startup Mistral AI [1] Group 2: Quantum Computing Advancements - Huang expressed optimism about the rapid advancement of quantum computing technology, which has been in development for decades [1] - Quantum computers can process information at speeds significantly higher than traditional computers due to their ability to perform parallel computations [1] - Following Huang's positive outlook, stocks of companies involved in quantum technology saw a rise, with Quantum Computing stocks increasing by 12.5% [1]