美国商务部长霍华德・卢特尼克（Howard Lutnick）表示，随着特朗普政府加大对额外外国投资的 呼吁，未在美国投资的韩国存储芯片制造商和中国台湾企业可能面临高达 100% 的关税，除非它们承 诺增加在美国本土的产量。 在纽约州锡拉丘兹郊外举行的美光科技公司（Micron Technology Inc.）新工厂破土动工仪式后，卢 特尼克表示，根据与中国台湾的贸易协定中阐明的潜在征税规定，也可能影响到韩国的芯片制造商。 "所有想要生产存储芯片的人都有两个选择：要么支付 100% 的关税，要么在美国建厂，" 卢特尼克 周五在回答记者提问时说，他没有点名任何特定的公司。"这就是产业政策。" 卢特尼克的言论呼应了周四签署中国台湾贸易协议后的一项警告，该协议给予承诺在美国制造业投资 的公司基于配额的关税减免。"如果他们不在美国建厂，" 卢特尼克告诉 CNBC，"关税很可能是 100%。" 目前，唐纳德・特朗普暂时推迟了对大多数外国制造的半导体征收关税，而是要求卢特尼克和美国贸 易代表杰米森・格里尔（Jamieson Greer）与贸易伙伴谈判，以减少美国对芯片进口的依赖。白宫本 周早些时候表示，特朗普可能会 "在不 ...

这家韩国存储芯片巨头在公司网站发布声明称，将于4月份开始建设，目标在2027年底前完工。SK海力 士是全球领先的高带宽存储芯片供应商，为英伟达供货。 责任编辑：王许宁 SK海力士计划投资19万亿韩元（129亿美元）建设一座新的先进芯片封装厂，为满足人工智能需求而启 动大规模扩张。 这家韩国存储芯片巨头在公司网站发布声明称，将于4月份开始建设，目标在2027年底前完工。SK海力 士是全球领先的高带宽存储芯片供应商，为英伟达供货。 责任编辑：王许宁 SK海力士计划投资19万亿韩元（129亿美元）建设一座新的先进芯片封装厂，为满足人工智能需求而启 动大规模扩张。 ...

Group 1 - China's economy is expected to maintain steady growth in 2025, successfully achieving annual targets, with strong momentum continuing into 2026 driven by new consumption, enhanced production capabilities, and a solid export position in global supply chains [1] Group 2 - New consumption is set to expand and improve, with policies aimed at boosting domestic demand, including increased quotas for trade-in programs and an expanded range of supported products, leading to over 2.5 trillion yuan in sales benefiting more than 360 million people in 2025 [2] - The shift in consumer trends towards value-for-money and emotional value is notable, with experiential consumption in areas like culture, travel, and fitness driving growth [2] - AI is enhancing both online and offline retail experiences, with innovations like instant retail and smart shopping becoming more prevalent, expected to lead to deeper integration and quality improvements in consumption by 2026 [3] Group 3 - Core technology breakthroughs are reshaping industrial advantages, with advancements in AI, semiconductors, and commercial aerospace expected to drive high-quality upgrades in various sectors [4] - The renewable energy sector is projected to expand significantly, with an expected addition of over 20 million kilowatts of wind and solar power capacity by 2026, contributing to energy structure optimization and carbon peak goals [4] - The digital transformation of manufacturing is advancing, with a penetration rate of 68% in 2025, leading to efficiency improvements of over 25% in key industries [4] Group 4 - Export resilience is anticipated, with a focus on diversifying markets and consolidating China's leading position in global supply chains [6] - The reduction of tariff uncertainties is expected to stabilize trade with the U.S., while high-value, green products are becoming key growth drivers, with electric vehicle exports reaching 3.01 million units in 2025, a 62% increase [7] - China's trade with Belt and Road Initiative countries accounted for over 50% of exports in 2025, indicating a strong foundation for non-U.S. trade [7] - Continued high-level openness and trade innovation are expected to strengthen global supply chain positions, with rapid growth in cross-border e-commerce and digital technologies reducing trade costs [8]

公众号记得加星标⭐️，第一时间看推送不会错过。 受人工智能爆炸式增长的推动，全球最大的半导体公司在2025年的总销售额超过4000亿美元，创下芯片行 业有史以来最高的销售纪录。而明年有望更加火爆。 然而，首席执行官和分析师所说的对计算能力的"永无止境的需求"所推动的迅猛增长，也带来了一系列挑 战，从关键组件的短缺到人工智能公司如何以及何时才能产生足够可靠的利润来继续购买芯片等问题。 像英伟达这样的硬件设计公司，其营收同比增长超过一倍，是这场新数字淘金热背后的主要技术供应商。 但英伟达正面临着来自Alphabet旗下谷歌和亚马逊等公司的日益激烈的竞争，而市场格局也在悄然发生变 化。 上周，英伟达与芯片初创公司Groq签署了一项价值200亿美元的授权协议。Groq致力于设计芯片和软件， 以加速人工智能推理——即训练好的人工智能模型对提示做出响应的过程。如果说人工智能竞赛的上一阶 段主要取决于训练，那么如今科技巨头们正在竞相提供最快、最具成本效益的推理方案。 伯恩斯坦的分析师在英伟达最近宣布达成交易后写道："推理工作负载更加多样化，可能会开辟新的竞争 领域。" 数据中心运营商、人工智能实验室和企业客户对英伟达先进的 ...

财报显示，美光科技第一财季调整后每股收益为4.78美元，营收达136.4亿美元，超过伦敦证券交易所集 团（LSEG）给出的3.95美元每股收益、128.4亿美元营收的预期。 美光科技发布财报显示其存储芯片需求强劲，且远超第一财季市场预期，周二美股开盘公司股价随即大 涨超10%。 在面向分析师的财报电话会议上，这家主营计算机及人工智能服务器存储产品的企业表示，数据中心的 需求是推动其产品销量增长的核心动力。 美光科技预计，到2028年，高带宽存储芯片的潜在总市场规模将达到1000亿美元，年复合增长率高达 40%。公司管理层同时将资本支出指引从180亿美元上调至200亿美元。 "我们的产品早已全面售罄。" 美光科技业务总裁苏米特・萨达纳表示，"目前订单需求缺口巨大，这种 供不应求的局面，在可预见的未来还将持续。" 美光科技不仅超出华尔街对其第一财季的业绩预期，还给出了超亮眼的业绩指引。 公司预计本财季营收将达到约187亿美元，远超市场预期的142亿美元；调整后每股收益预计达8.42美 元，同样高于此前4.78美元的市场预期。 财报发布后，摩根大通上调了美光科技的目标股价，理由是其产品定价前景向好；美国银行则将该股 ...

Core Viewpoint - Samsung Electronics reported its highest operating profit in over three years for the third quarter, exceeding market expectations [1]. Financial Performance - The operating profit for the quarter ending in September reached 12.1 trillion KRW (approximately 8.5 billion USD), a 31.8% increase from 9.18 trillion KRW in the same period last year [3]. - This performance marks the highest quarterly result since the second quarter of 2022, which recorded 14.1 trillion KRW [4]. - Revenue grew by 8.7% to 86 trillion KRW, surpassing the previous record of 79.1 trillion KRW set in the third quarter of last year [5]. Market Sentiment - The results may boost investor confidence in the sustained demand for AI servers and memory chips, as indicated by the recovery signs in the key semiconductor sector [5]. - Samsung's stock price has surged over 60% since early June, driven by the semiconductor division, which typically accounts for 50% to 70% of the company's annual profits [5]. Strategic Outlook - Samsung aims to capitalize on the anticipated AI boom in the coming years, having made progress in high-bandwidth memory chips and secured orders from companies like AMD [5].