Core Viewpoint - The announcement of a 100% tariff on semiconductor imports to the U.S. by President Trump may have limited direct impact on Taiwanese semiconductor companies, but could suppress end-demand due to trade barriers, potentially affecting order momentum from clients [1] Group 1: Tariff Policy and Impact - The specifics of the tariff policy, including its implementation and details, are still unclear and subject to negotiation [1] - Current analysis indicates that semiconductor foundries and IC design firms rarely export chips directly to the U.S.; instead, chips are typically sent to assembly plants in Asia before being exported as finished products [1] - The actual targets of the tariffs are likely to be end electronic products or component modules, which means there is no direct impact on semiconductor manufacturers [1] Group 2: Industry Reactions - Panel driver IC manufacturer Tianyu assesses that the impact of the semiconductor tariff on operations should be minimal due to low direct exports to the U.S. [1] - Industry analyst Joann from TrendForce notes that suppressed end-demand due to trade barriers could indirectly affect order momentum for semiconductor firms, representing a potential risk [1] - Sensory chip manufacturer Realtek has not observed significant operational impacts from the tariffs but will continue to monitor future developments and their effects on inflation, economic conditions, and consumer markets [1]

Group 1 - Several small and medium-sized banks have lowered their deposit rates, with some rates falling below those of larger banks for the same term [1] - In 2024, only 6 out of 38 listed securities firms reported positive growth in their investment banking business, with the highest increase at 91%, while 32 firms experienced an average decline of 27%, with the largest drop at 84% [1] - TrendForce indicates that the price decline of panel driver ICs is expected to slow down in the first half of 2025, with a potential stabilization in the second half [1] Group 2 - The gold market in Shenzhen is experiencing high trading activity, with domestic spot gold prices at 778.65 yuan per gram, and consumers are eager to purchase as prices drop below 800 yuan [2] - Guotai Junan Asset Management appointed a new chairman, and the integration of asset management subsidiaries from Guotai Junan and Haitong Securities is underway [2] - Major Chinese tech companies, including Tencent and Alibaba, are aggressively purchasing GPU resources, with Tencent reportedly buying around 2 billion yuan worth of GPUs from ByteDance [2] Group 3 - JD.com has plans to test its food delivery service, initially intended for cities like Zhengzhou, but the project was postponed due to business readiness issues [3][4] - Several major US tech companies, including Meta, Microsoft, Amazon, and Apple, are set to release their earnings reports, with a focus on potential tariff impacts on their supply chains [4] - Seres has submitted an application for an IPO in Hong Kong, focusing on the research, manufacturing, and sales of new energy vehicles [4] Group 4 - Three squirrels have submitted an application for an H-share listing on the Hong Kong Stock Exchange [5] - Sunac China has had its court hearing for a winding-up petition postponed to August 25, 2025 [6] - Renfu Pharmaceutical reported a 37.7% decline in net profit for 2024, with a proposed cash dividend of 3.20 yuan per 10 shares [6] Group 5 - Samsung Medical's subsidiary won a 313 million yuan procurement project for new energy equipment [7] - Huadong Heavy Machinery reported a 64.64% increase in net profit for Q1 2025, with revenue growth of 41.12% [8] - Kailong Co. reported a 34.39% increase in net profit for Q1 2025, with revenue growth of 13.16% [9] - Shengyi Electronics reported a significant 656.87% increase in net profit for Q1 2025, with revenue growth of 78.55% [10] Group 6 - The Shanghai Composite Index experienced a slight decline of 0.2%, with over 4,100 stocks falling in value [11] - The banking sector remains strong, with major banks like ICBC and CCB reaching historical highs [11] - Real estate stocks faced significant declines, with many stocks hitting the daily limit down [11]

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容 编译自编辑日报 ，谢谢 。 今年上半年中国补贴政策和对等关税议题，对品牌在面板的操作策略造成不小的影响，间接牵动面 板驱动IC（Driver IC）的价格走势。根据TrendForce最新调查，第1季面板驱动IC平均价格季减 约1%至3%，第2季仍有小幅下滑的趋势，但变动幅度有限，显示近年价格持续下跌的趋势出现缓 和。 从需求面分析价格跌势趋缓原因，一是由于品牌厂、面板厂调整备货节奏，库存逐渐回复到健康水 位，二是中国去年开始实施的补贴政策刺激需求回升，激励驱动IC出货表现逐季成长。从供应面 来看，因为成熟制程的晶圆代工价格相对稳定，成本面未再出现剧烈波动，有助整体报价保持平 稳。 TrendForce表示，近期市场仍存在变数，首先是原物料金价持续飙升，近日一度突破每盎司3,300 美元，创下新高。由于面板驱动IC封装需使用金凸块（gold bump），金价调涨将增加厂商材料成 本，尽管目前售价未因此调整，但若金价持续走高，业者很有可能会反映相关压力在报价上。 地缘政治是另一项潜在风险，尤以美中贸易政策的不确定影响最大。美国的对等关税虽然尚未直接 针对面板 ...

Apr. 28, 2025 产业洞察 2 0 2 5年上半年受多方面因素影响，品牌厂商在面板方面的操作策略间接牵动面板驱动IC（Dri v e r IC）的价格走势。 根据Tr e n dFo r c e集邦咨询最新调查，第一季面板驱动 IC 平均价格季减约 1%至 3%，第二季仍有小幅下滑的趋势，但变动幅度有限，显示出近年价格持续下跌的趋势出现缓和。 从需求面分析价格跌势趋缓原因： 其一，由于品牌厂和面板厂调整备货节奏，库存逐渐恢复到健康 水位；其二，中国市场去年开始实施的政策调整刺激需求回升，推动驱动IC出货表现逐季成长。 从供应面来看，因为成熟制程的晶圆代工价格相对稳定，成本面未再出现剧烈波动，有助整体报价 保持平稳。 Tr e n dFo r c e集邦咨询表示，近期市场仍存在变数，首先是原材料金价持续飙升，近日一度突破每盎 司3 , 3 0 0美元，创下新高。由于面板驱动IC封装需使用金凸块（g o l d b ump），金价调涨将增加厂 商材料成本，尽管目前售价未因此调整，但若金价持续走高，业者很有可能会将相关压力反映在报 价上。 地缘因素是另一项潜在风险，美国的对等关税虽然尚未直接针对面板或IC ...