Core Viewpoint - The semiconductor industry is experiencing a "super cycle" driven by AI and data expansion, with rising prices for raw materials like metals increasing production costs for many chip companies, leading to a widespread price increase trend in the industry [2]. Price Increase Summary - Since the beginning of 2026, several companies in the semiconductor industry have raised prices for various products: - **Chip Design**: - January 27: Zhongwei Weiying increased prices for MCU and Norflash by 15%-50% [3] - January: Guokewai raised prices for KGD products by 40% for 512Mb, 60% for 1Gb, and 80% for 2Gb [3] - January 12: Zhongke Xinyi increased prices for some chip products by 10%-15% [3] - January 19: Fumanwei raised prices for LED display products by over 10% [3] - January 1: Yangzhou Jinxinwei increased prices for double-sided silver chips by 10% [3] - **Storage Chips**: - NAND flash prices increased by over 100% [3] - Samsung Electronics reported a price increase of over 80% for LPDDR memory used in iPhones in Q1 2026 [4] - SK Hynix reported a price increase close to 100% for the same LPDDR memory in Q1 2026 [4] - **Wafer Testing and Packaging**: - ASE increased prices for back-end wafer testing by 5%-20% in early 2026 [4] - **Passive Components**: - Yageo raised prices for some resistor products by 15%-20% starting February 1 [4] - Huaxinke increased prices for resistors across all values from "0201" to "1206" without specifying the increase [4]

平安证券表示，涨价潮已席卷半导体全细分领域，LED驱动、模拟芯片、功率器件、MCU、SoC芯片等 均受波及，各家厂商纷纷跟进提价。看到AI服务器等AI相关应用领域需求旺盛，上游芯片产能调配以 利润为核，转向存储等更高毛利产品，其他成熟制程产品产能被挤占，加上当前库存消化较为充分，成 本上涨压逐步传导引起连锁反应，导致芯片价格水涨船高，从存储芯涨价逐步传导功率器件、驱动芯、 模拟芯片、MCU等各领域。涨价周期背景下，看好半导体各个环节。的部分原材料相关行业，这些板 块在当前结构性机遇中仍具备较高成长性和稳定收益潜力。 1月29日下午，A股三大指数集体下跌，其中沪指下跌0.06%。截止13点26分，科创100ETF华夏 （588800.SH）下跌1.13%。其他宽基指数中，上证50涨0.48%，科创50跌2.08%，创业板50跌0.24%，北 证50跌0.61%。此外，科创100ETF华夏（588800.SH）近五个交易日资金净流入1亿元，近十个交易日净 流入1.57亿元。 个股表现来看，科创100指数前50只权重股中，涨幅靠前的有，信科移动涨7.78%，奕瑞科技涨5.04%， 富创精密涨4.18%，仕佳光子涨3 ...

Investment Rating - The industry investment rating is "Outperform the Market" (maintained) [1][9]. Core Viewpoints - The semiconductor industry is experiencing a new round of price adjustments, with multiple companies issuing price increase notices due to rising costs and supply chain pressures. This price increase is expected to impact various segments, including power devices, MCU, and SoC chips [4][6][7]. - The demand for AI-related applications, particularly in AI servers, is robust, leading to a shift in chip production towards higher-margin products. This has resulted in a tightening of supply for mature process products and a general increase in chip prices across the industry [6][7]. - The price increase cycle is driven by significant cost escalations across the supply chain, including raw materials and manufacturing costs, alongside a structural supply-demand imbalance exacerbated by increased demand for high-performance chips [7][8]. Summary by Sections - **Recent Developments**: Several semiconductor companies have announced price hikes ranging from 15% to 80% due to increased costs and supply constraints [7]. - **Market Dynamics**: The price increase trend is affecting all segments of the semiconductor industry, with a notable impact on LED drivers, analog chips, and power devices. The overall industry is facing a dual pressure of rising demand and shrinking supply [7][8]. - **Investment Recommendations**: The report suggests focusing on companies with strong market shares and pricing power, particularly those in segments experiencing significant price elasticity. Specific companies to watch include New Clean Energy, Yangjie Technology, and others listed in the report [8].

Core Viewpoint - The article discusses the performance of various sectors in the TMT (Technology, Media, and Telecommunications) industry, highlighting both the leading and lagging segments, as well as significant developments in the semiconductor and AI sectors. Domestic News / Part 02 - The semiconductor investment alliance, Fuman Micro, announced a price adjustment for LED display products, increasing prices by no less than 10% starting January 19, 2026 [1] - MCA Mobile Alliance reported that Kangxi Communication and its subsidiaries did not violate U.S. patent laws regarding Skyworks Solutions, Inc. [1] - SEMI noted that Fujian Jingxu Semiconductor's second-phase project is nearing completion with a total investment of 1.68 billion yuan, establishing the world's first production line for ultra-wide bandgap semiconductor high-frequency filter chips, expected to achieve an annual capacity of 400kk and generate around 1 billion yuan in output value [1] - Nanya Technology announced two equipment acquisition deals totaling over 3.3 billion New Taiwan dollars, marking a significant step in its expansion plans [1] Overseas News / Part 03 - According to South Korean customs data, the country's semiconductor imports reached $77.5 billion last year, a 4.9% increase year-on-year, driven by surging demand from artificial intelligence [2] - Omdia reported that global telecom operators are increasing capital investments in AI infrastructure to meet rising AI computing demands and local sovereignty requirements [2] - TrendForce projected a 14.8% decline in global laptop shipments in Q1 2026 due to a temporary CPU supply shortage and rising component costs [2] - Intel showcased a "Thick Core" glass substrate design aimed at the high-performance computing and AI server markets, marking a significant innovation in chiplet interconnect technology [2] AI News / Part 04 - Tencent launched a new feature "Yuanbao Pai" for its AI assistant "Yuanbao," focusing on AI social interactions [3] - MiniMax released the M2-her large language model designed for immersive role-playing and expressive multi-turn dialogues [3] - Yingmou Technology introduced the Rodin Gen-2 "Edit" model for 3D asset modification, claiming to be the first true 3D AI generation editing platform [3] - Tencent's mixed Yuan team released the mixed image model 3.0, featuring 80 billion parameters and supporting various visual creation functions [3] Industry Tracking / Part 05 - Blue Origin announced its large-scale satellite communication constellation plan "TeraWave," which includes 5,280 LEO satellites and 128 MEO satellites [4] - The first domestic humanoid diagnostic robot integrating non-invasive brain-computer interface technology was unveiled, suitable for rehabilitation scenarios [4] - By 2025, over 35,000 basic-level and 15 leading smart factories are expected to be established as part of the digital transformation of the manufacturing industry [4] - Midea Weiling launched a new generation of high-precision joint module products, focusing on core types for humanoid robots [4] High-Frequency Data Updates / Part 07 - The international DRAM spot prices for January 26 showed no significant changes in DDR5 and DDR4 memory prices, with DDR5 16G averaging $36.667 and DDR4 16Gb averaging $78.750 [6] - Semiconductor material prices from Baichuan Yingfu indicated stable pricing for various high-purity metals and substrates, with no daily changes reported [7]

近日，富满微电子股份有限公司发布产品调价通知函，宣布将对LED显示屏系列产品价格进行上调。通知称，因市场原材料价格持续上涨，导致公司生产 成本相应增加，为保障产品品质与服务，经研究决定，自2026年1月19日起，对LED显示屏系列产品在原价格基础上统一上调，调整幅度不低于10%，具 体价格以公司最新报价为准。 值得关注的是，1月16日，富满微在投资者互动平台回应提问时曾表示，公司拥有自有存储芯片产品。受此次涨价消息及近期存储芯片板块关注度提升的 双重影响，公司股价自1月20日起大幅上扬，截至1月26日发稿前，股价报48.97元/股，较1月20日收盘价35.27元/股上涨38.84%，市场反应显著。 富满微是一家集成电路设计企业，主营业务涵盖电源管理芯片、LED驱动芯片、音频功放及MCU芯片等，产品广泛应用于消费电子、照明及智能终端领 域。2025年前三季度财报显示，公司实现营业收入5.92亿元，同比增长19.32%；归母净利润为-0.59亿元，同比下降8.24%，仍处于阶段性亏损状态。 ...