声明：本文内容均是根据权威材料，结合个人观点撰写的原创内容，辛苦各位看官支持。 文丨如梦 编辑丨小吕 台积电美国工厂2025年下半年终于盈利的消息刚出来，业界还没高兴多久，就被一组数据泼了冷水。 | | | Taiwan | us | | --- | --- | --- | --- | | Item | Unit | Fab 18 Phase 1-3 | Fab 21, Phase 1 | | Fab capex | US$ | 27,000,000,000 | 14,380,000,000 | | Wafer fab equipment | US$ | 22,950,000,000 | 8,600,000,000 | | Non-wafer fab equipment | 1158 | 4,050,000,000 | 5,690,600,000 | | Installed wafer starts per month | Thousand | 90 | 24 | | Raw materials | $/wafer | 1,520 | 3,040 | | Labor cost | $/wafer | 1,80 ...

全国首单 "具身智能数据集"在江苏省数据交易所上架并完成交易；法国对马斯克旗下聊天机器人涉嫌生成色情内容启动调查。 ①全国首单 "具身智能数据集"在江苏省数据交易所上架并完成交易； ②成本提升80% A20芯片或成苹果最贵芯片； 法国对马斯克旗下聊天机器人 涉嫌生成色情内容启动调查 tta 一来源:一财快讯 ③法国对马斯克旗下聊天机器人涉嫌生成色情内容启动调查。 ...

【环球网科技综合报道】1月3日消息，据Wccftech报道，苹果即将推出的A20芯片在制造工艺与成本方面均有重大变动，不仅将采用台积电最先进的2nm制 造工艺，价格更是大幅上涨，极有可能成为苹果迄今为止最昂贵的芯片。 据可靠消息，即将推出的苹果A20芯片预计每颗成本高达280美元，与目前苹果iPhone 17系列所搭载的A19芯片相比，价格同比上涨了约80%。 此次A20芯片价格的大幅上涨，背后有着多重因素推动。一方面，存储器领域持续的通胀态势对芯片成本产生了显著影响。在全球供应链紧张、原材料价格 上涨的大环境下，存储器成本不断攀升，进而传导至芯片整体成本。另一方面，台积电在其N2P制造工艺中采用的创新技术也是价格上涨的重要原因。台积 电在N2P制造工艺中运用了"第一代纳米片晶体管技术"以及"超高效金属层间电容器"，这些先进技术虽然能够提升芯片的性能与效率，但也使得生产成本大 幅增加，最终反映在苹果A20芯片的价格上。（青山） ...

Market Performance - US stock indices closed mixed on November 7, with the Dow Jones Industrial Average up 0.16% at 46,987.1 points, the S&P 500 up 0.13% at 6,728.8 points, and the Nasdaq down 0.21% at 23,004.54 points. For the week, the Dow Jones fell 1.21%, the S&P 500 fell 1.63%, and the Nasdaq fell 3.04% [1] - European stock indices all closed lower, with the German DAX down 0.77% at 23,550.71 points, the French CAC40 down 0.18% at 7,950.18 points, and the UK FTSE 100 down 0.55% at 9,682.57 points. For the week, the DAX fell 1.7%, the CAC40 fell 2.1%, and the FTSE 100 fell 0.36% [2][3] Employment Data - The US Labor Department failed to release the October non-farm payroll report due to a government shutdown, marking the second consecutive absence of this report. This situation raises concerns about the labor market and complicates the Federal Reserve's decision-making regarding interest rate cuts [5] - Economists had previously expected a reduction of 60,000 jobs in October, with the unemployment rate rising to 4.5%. The shutdown has led to a lack of official data, making private sector reports the only available employment indicators [6] - A report indicated that US companies announced over 153,000 layoffs in October, the highest level for this month in over 20 years, with total layoffs for the year nearing 1.1 million, the highest since the pandemic began in 2020. Factors contributing to this increase include the rise of artificial intelligence, slowing consumer and business spending, and rising costs [6] Semiconductor Industry - TSMC plans to raise prices for advanced chips manufactured using processes below 5nm, having notified major clients including Apple. The upcoming A20 chip, which will be produced using TSMC's 2nm process, is expected to see an average price of $280, which is at least a 50% increase compared to the 3nm process [7] - TSMC's price increase is attributed to the high costs associated with new technology investments and production line modifications, reinforcing its pricing power in the advanced process segment. This move is likely to lead to higher prices and profit pressures in the flagship smartphone market by 2026 [7] Monetary Policy - St. Louis Fed President Musalem indicated that there is still room for 50 to 75 basis points of monetary policy easing, aimed at supporting the labor market [8][9] - The Fed has maintained a cautious approach to interest rate adjustments, with recent cuts reflecting concerns over a cooling labor market. The Vice Chair of the Fed, Philip Jefferson, noted that current rates are near neutral levels, suggesting a gradual approach to future adjustments [9][10]

Market Performance - US stock markets closed mixed, with the Dow Jones Industrial Average up 0.16% at 46,987.1 points, the S&P 500 up 0.13% at 6,728.8 points, and the Nasdaq down 0.21% at 23,004.54 points [1] - European stock indices all closed lower, with the German DAX down 0.77% at 23,550.71 points, the French CAC40 down 0.18% at 7,950.18 points, and the UK FTSE 100 down 0.55% at 9,682.57 points [2][3] Employment Data - The US Labor Statistics Bureau failed to release the October non-farm payroll report due to a government shutdown, marking the second consecutive absence of this report [4] - Private sector reports indicated that US companies announced over 153,000 layoffs in October, the highest level for this month in over 20 years, with total layoffs for the year nearing 1.1 million, the highest since the pandemic began in 2020 [4] Consumer Confidence - The University of Michigan reported that the preliminary consumer confidence index for November dropped to 50.3 from 53.6 in October, the lowest level since June 2022 [5] - The decline in consumer confidence was observed across various demographics, with long-term inflation expectations decreasing to an average of 3.6% over the next five to ten years [5] Semiconductor Industry - TSMC plans to increase prices for advanced chips below 5nm, notifying major clients including Apple, which may lead to significant price adjustments for the upcoming iPhone 18 series [6] - The average price for chips using TSMC's 2nm process is expected to reach $280, representing at least a 50% increase compared to the 3nm process [6] Monetary Policy - St. Louis Fed President Musalem indicated that there is still room for 50 to 75 basis points of monetary policy easing to support the labor market [7] - Fed Vice Chairman Philip Jefferson emphasized a cautious approach as interest rates are near neutral levels, supporting the recent 25 basis point rate cut due to increased risks in the labor market [8] Commodity Prices - International precious metal futures saw a general increase, with COMEX gold futures rising 0.42% to $4,007.8 per ounce and COMEX silver futures up 0.57% to $48.225 per ounce [8]

Market Performance - On November 7, US stock indices closed mixed, with the Dow Jones Industrial Average rising by 0.16% to 46,987.1 points, the S&P 500 up by 0.13% to 6,728.8 points, and the Nasdaq down by 0.21% to 23,004.54 points. For the week, the Dow fell by 1.21%, the S&P 500 by 1.63%, and the Nasdaq by 3.04% [1] - European stock indices all closed lower, with the German DAX down by 0.77% to 23,550.71 points, the French CAC40 down by 0.18% to 7,950.18 points, and the UK FTSE 100 down by 0.55% to 9,682.57 points. For the week, the DAX fell by 1.7%, the CAC40 by 2.1%, and the FTSE 100 by 0.36% [2] Employment Data - The US Labor Statistics Bureau failed to release the October non-farm payroll report due to a government shutdown, marking the second consecutive absence of this report. Economists had previously expected a reduction of 60,000 jobs and an increase in the unemployment rate to 4.5% [4] - In October, US companies announced over 153,000 layoffs, the highest for this period in over 20 years, and nearly 1.1 million layoffs have been announced this year, the highest since the pandemic began in 2020. Factors contributing to this increase include the rise of artificial intelligence, slowing consumer and business spending, and rising costs [5][6] Consumer Confidence - Consumer confidence in the US has dropped to its lowest level in over three years, with the Michigan Consumer Sentiment Index falling from 53.6 in October to 50.3 in November. The current economic conditions index decreased by 6.3 points to a record low of 52.3, reflecting growing concerns about the impact of the government shutdown [6] Semiconductor Industry - TSMC plans to raise prices for advanced chips manufactured using processes below 5nm, notifying major clients including Apple. The average price for chips using TSMC's 2nm process is expected to reach $280, which is at least a 50% increase compared to the 3nm process. This price hike is attributed to high costs associated with new technology and production line modifications [8][9] Federal Reserve Policy - St. Louis Fed President Musalem indicated that there is still room for 50 to 75 basis points of policy adjustment, emphasizing that the Fed's recent monetary policy actions aimed to support the labor market [9][10] - Fed Vice Chairman Philip Jefferson supported the recent 25 basis point rate cut, citing increased risks to the labor market and the need for cautious policy adjustments as rates approach neutral levels [11] Commodity Market - On November 7, international precious metal futures saw a general increase, with COMEX gold futures rising by 0.42% to $4,007.8 per ounce and silver futures up by 0.57% to $48.225 per ounce. The ongoing government shutdown has intensified economic data concerns, enhancing gold's appeal as a safe-haven asset [12]

Group 1 - TSMC has notified major clients, including Apple, that prices for advanced processes below 5nm will increase by approximately 8%-10% starting next year, reflecting significant capital expenditures and initial yield challenges [1] - The A20 chip for the upcoming iPhone 18 Pro series is expected to be the first product utilizing 2nm technology, with an estimated unit price of around $280, making it the most expensive component in the iPhone [1] - Analysts predict that the cost of 2nm processes will be at least 50% higher than that of 3nm processes, indicating a substantial increase in production costs for future iPhone models [1] Group 2 - TSMC is expected to implement price increases for advanced process products in 2026, continuing a trend of annual price hikes for four consecutive years, with increases projected to be in the single-digit percentage range [2] - The company has previously adjusted prices due to rising production costs, inflation, and supply-demand imbalances, maintaining a practice of annual price adjustments since 2020 [2] - Industry analysts forecast that the price increases for advanced processes in 2026 could range from 3% to 10%, reflecting ongoing production cost pressures [2]

Market Overview - The main board saw significant gains with stocks like Huanrui Century (+10.07%), Dahua Intelligent (+10.05%), and Special Information (+10.04%) leading the charge [1] - The ChiNext board also performed well, with Keda Guochuang and Rongxin Culture both increasing by 20.01% [1] - The Sci-Tech Innovation board was led by Tiancheng Technology (+10.16%) and Guodun Quantum (+9.06%) [1] - Active sub-industries included SW Publishing (+3.07%) and SW Film and Animation (+2.22%) [1] Domestic News - Li Jidian's General Manager Zhu Xianguo indicated that high-end memory is in short supply due to AI demand, with expectations for storage foundry prices to rise in Q4 [1] - Alibaba Cloud's innovative computing pooling solution "Aegaeon" was selected for the top academic conference SOSP2025, showing an 82% reduction in required NVIDIA H20 GPUs for large AI models [1] - STMicroelectronics launched its first 200MP large-format mobile image sensor SCC80XS, set for mass production in Q1 2026 [1] - Guochuang Technology announced the completion of assembly for its G6 full-size new display inkjet printing equipment, compatible with various substrate sizes [1] Company Announcements - Fulede reported a total revenue of 2.146 billion yuan for the first three quarters of 2025, a year-on-year increase of 10.98%, with a net profit of 211 million yuan, up 14.38% [2] - Deep Technology achieved a revenue of 871 million yuan in the first three quarters of 2025, reflecting a 6.28% year-on-year growth, with a net profit of 94 million yuan, up 1.32% [2] - Zhongjing Electronics reported a revenue of 2.401 billion yuan for the first three quarters of 2025, a 15.75% increase year-on-year, with a net profit of 26 million yuan, up 127.34% [2] - Guangha Communication's revenue reached 332 million yuan in the first three quarters of 2025, a 41.9% increase year-on-year, with a net profit of 35 million yuan, up 69.09% [2] International News - Amazon introduced smart delivery glasses currently in development, featuring a single green fixed display and adaptive lenses [3] - STMicroelectronics forecasted Q4 sales below market expectations, with Q3 net revenue at $3.19 billion, a 2.0% decline year-on-year [3] - Apple is advancing the A20 chip development for the 2026 iPhone 18 series, expected to be the first processor using TSMC's 2nm process, with an estimated cost of $280 [3] - South Korea's semiconductor exports are projected to exceed $165 billion this year, building on last year's $141.9 billion [3]

Group 1 - Apple is advancing the development of the A20 chip for the iPhone 18 series, which is expected to be the first processor using TSMC's 2nm process, with an estimated unit cost of approximately $280 [1] - The A20 chip will mark a significant upgrade from the previous A series chips, moving from TSMC's 3nm technology to 2nm, promising substantial improvements in performance and energy efficiency [1] - The cost increase associated with the 2nm process is notable, with TSMC indicating that the last 3nm chips have seen a 20% price increase, and the 2nm process will add an additional 50% to that cost [1] Group 2 - Due to high costs, Apple may not equip all iPhone 18 models with the 2nm chip, potentially limiting the A20 chip to higher-end Pro and Pro Max models, while standard versions may use older or specially designed chips [2] - The production and pricing strategy for the A20 chip will be critical for the competitiveness of the iPhone 18 series in the market [2]

Group 1 - The iPhone 18 series is set to begin production line setup and mass production verification in December 2025, with full-scale production expected to start in early Q2 2026 and ramp-up to be completed by early Q3 2026 [1] - Apple plans to adjust its product release strategy starting with the iPhone 18 series, alternating releases between fall and spring, with high-end models expected to launch in fall 2026 and standard models potentially delayed until spring 2027 [3] - The iPhone 18 Pro series is anticipated to feature the A20 chip based on TSMC's 2nm process, promising a 15% performance increase and a 30% reduction in power consumption, along with a new packaging technology to enhance thermal efficiency [4] Group 2 - Apple is actively diversifying its supply chain, with Indian factories expected to take on part of the iPhone 18 series production, aiming for nearly 100% of the U.S. market to be supplied by Indian manufacturing by the end of 2026 [4] - The production preparations for the iPhone 18 series have entered a critical phase, with a potential simultaneous launch of the new models and the first foldable iPhone in September 2026 [7]