今日周五（12月26日）亚盘时段，黄金期货目前交投于1023附近，截至发稿，黄金期货暂1016.58元/ 克，涨幅0.78%，最高触及1023.96元/克，最低下探1007.00元/克。目前来看，黄金期货短线偏向看涨走 势。 打开APP，查看更多高清行情>> 【要闻速递】 受全球高端存储芯片持续短缺影响，微软、谷歌、Meta等科技巨头陷入严峻供应链危机。为争夺HBM 和LPDDR芯片，多家企业采购高管常驻韩国，与三星、SK海力士密集谈判。 谈判屡现激烈冲突：微软高管因供应条件未达标当场离席；谷歌以"缺乏远见"解雇未及时签长期协议的 采购负责人。目前韩企HBM产能已满载，巨头被迫接受"空白支票"式采购——无条件接受任何价格与 数量的供货方案。 短缺已波及消费电子领域，苹果为保障LPDDR5X芯片供应，被迫支付230%溢价。随着部分长期协议明 年到期，行业预计将迎新一轮涨价潮。 为应对危机，谷歌、Meta等紧急扩编亚洲采购团队，增设存储器全球采购经理等职。分析指出，此次 短缺暴露AI爆发式增长与芯片产能周期的结构性矛盾，韩国芯片商议价权显著提升，正深刻重塑全球 科技供应链权力格局。 【最新黄金期货行情解析】 当前 ...

Group 1: Federal Reserve Meeting Minutes - The Federal Reserve's October FOMC meeting minutes reveal significant internal divisions regarding the continuation of interest rate cuts, with discussions covering inflation risks, labor market cooling, and economic growth discrepancies [1] - The decision to lower the federal funds rate by 25 basis points to a range of 3.75% to 4% was passed with a vote of 10 to 2, indicating a contentious consensus [1] - The outlook for further rate cuts in December has become increasingly uncertain [1] Group 2: U.S. Stock Market Performance - Major U.S. stock indices closed higher, with the Dow Jones Industrial Average up 47.03 points to 46,138.77, a gain of 0.1% [2] - The S&P 500 rose by 24.84 points to 6,642.16, reflecting a 0.38% increase, while the Nasdaq Composite gained 131.38 points to 22,564.23, a 0.59% rise [2] - Nvidia's stock surged over 6% in after-hours trading, contributing to gains in other semiconductor stocks like AMD, TSMC, and Micron Technology, which rose around 4% [2] Group 3: Nvidia's Strong Revenue Outlook - Nvidia provided a robust revenue forecast of approximately $65 billion for the fourth fiscal quarter ending in January, surpassing the analyst average estimate of $62 billion [3] - This outlook alleviates concerns regarding a potential collapse of the AI investment bubble, indicating sustained demand for Nvidia's AI accelerators [3] - Nvidia's stock has increased by 39% year-to-date, reflecting strong market confidence [3] Group 4: Hong Kong's Swap Connect Growth - The Hong Kong Securities and Futures Commission reported that the Swap Connect has seen impressive growth, with trading volume reaching about 10% of the mainland interest rate swap market [4] - As of September, total trading volume exceeded RMB 8.5 trillion, with an average daily volume of RMB 14.7 billion [4] - The Commission is exploring the Southbound Swap Connect to allow mainland investors to utilize Hong Kong's swap market for risk management [5] Group 5: Agricultural Development in Xinjiang - The Ministry of Agriculture and Rural Affairs and the Xinjiang government announced a plan to modernize 30,000 acres of old facilities and add 20,000 acres of modern agricultural production by the end of 2028 [6][7] - The initiative aims to enhance the production capacity, quality, and competitiveness of facility agriculture in southern Xinjiang [7] Group 6: Strategic Partnerships and Agreements - The Central Securities Depository and the Postal Savings Bank of China signed a comprehensive strategic cooperation agreement to deepen collaboration across various financial sectors [9] - The agreement aims to innovate in risk management and research collaboration [9] Group 7: Memory Prices Forecast - Counterpoint Research predicts that memory prices are expected to rise by approximately 50% before the second quarter of 2026 due to critical chip shortages [10] - The LPDDR4 segment faces the highest risk of price increases, driven by Nvidia's increased demand for LPDDR in server applications [10] Group 8: Company Earnings Reports - WanGuo Data reported a net income of RMB 2.887 billion for Q3 2025, a year-on-year increase of 10.2% [13] - GuoFu Quantum anticipates a net profit of approximately HKD 200 million to 210 million for the six months ending September 30, 2025, reversing a loss from the previous year [14] - Kingsoft Software reported a net profit of approximately RMB 213 million for Q3 2025, a decrease of 48% year-on-year [15][16] - Kuaishou's Q3 revenue reached RMB 35.554 billion, a year-on-year increase of 14.2%, with operating profit rising by 69.9% [19]

Group 1 - Nvidia has decided to switch AI server memory chips from traditional DDR5 to low-power LPDDR chips, which are typically used in smartphones and tablets, to reduce energy costs [1] - This transition will position Nvidia as a significant LPDDR customer, comparable to major smartphone manufacturers, creating challenges for the supply chain to meet such demand [1] - Chip manufacturers are considering reallocating more factory capacity to LPDDR production to satisfy Nvidia's needs, potentially exacerbating supply tightness for other memory products [1] Group 2 - Memory prices are expected to rise by approximately 50% from current levels before the second quarter of 2026 due to critical chip shortages [1] - In October, various storage model prices accelerated, with month-on-month increases ranging from 40% to 100%, driven by the growing demand for AI servers [1] - The storage industry cycle is primarily driven by the explosion of storage demand in the AI era, with limited supply-side capacity, suggesting that the supply-demand gap may widen further into the first half of 2026, leading to sustained price increases [1] Group 3 - Domestic storage companies are expected to benefit from a dual drive of "price recovery + localization," with a robust recovery in demand, orders, and operating conditions anticipated in the fourth quarter [2] - Baive Storage has launched embedded storage products such as UFS3.1, LPDDR5/5X, and uMCP for AI smartphones, and has developed high-capacity LPDDR products of 12GB and 16GB [3] - Huicheng Co., Ltd. is providing LPDDR memory chip packaging services based on its PoP stacking packaging technology through its investment in Hefei Xinfeng Technology Co., Ltd. [3]

Group 1 - The core viewpoint of the articles highlights a significant shift in the memory chip market, particularly due to Nvidia's decision to switch AI server memory from traditional DDR5 to low-power LPDDR chips, which could lead to increased demand and supply chain challenges [1] - Counterpoint Research indicates that this transition will position Nvidia as a major LPDDR customer, comparable to leading smartphone manufacturers, creating potential supply constraints in the market [1] - The report anticipates that server memory chip prices could double by the end of 2026, which would increase operational costs for cloud service providers and AI developers [1] Group 2 - The latest pricing data from CFM shows a comprehensive increase in FlashWafer prices, with the highest increase recorded at 38.46% [2] - Specific price changes include a 25.00% rise for 1Tb QLC to $12.50, a 23.81% increase for 1Tb TLC to $13.00, a 38.46% surge for 512Gb TLC to $9.00, and a 14.58% rise for 256Gb TLC to $5.50 [2]

Group 1 - The core viewpoint of the articles highlights a significant shift in the memory chip market, particularly due to Nvidia's decision to switch AI server memory from traditional DDR5 to low-power LPDDR chips, which could lead to increased demand and supply chain challenges [1] - Nvidia's transition to LPDDR chips will position it as a major customer in the low-power segment, comparable to leading smartphone manufacturers, creating potential supply constraints in the market [1] - Counterpoint Research predicts that server memory chip prices could double by the end of 2026, which would increase operational costs for cloud service providers and AI developers [1] Group 2 - Flash memory wafer prices have seen a comprehensive increase, with the highest rise recorded at 38.46%, indicating a robust demand in the flash memory market [2] - Specific price changes include a 25.00% increase for 1Tb QLC to $12.50, a 23.81% increase for 1Tb TLC to $13.00, a 38.46% increase for 512Gb TLC to $9.00, and a 14.58% increase for 256Gb TLC to $5.50 [2]

据 Counterpoint Research 周三发布的一份报告显示，英伟达在其人工智能服务器中使用智能手机 式内存芯片的举措，可能会导致服务器内存价格在 2026 年底前翻一番。 如果您希望可以时常见面，欢迎标星收藏哦~ 来 源 ： 内容 编译自路透社 ，谢谢 。 *免责声明：文章内容系作者个人观点，半导体芯闻转载仅为了传达一种不同的观点，不代表半导体芯闻对该 观点赞同或支持，如果有任何异议，欢迎联系我们。 在过去的两个月里，由于制造商将重心转向适用于人工智能应用半导体的高端存储芯片，全球电子 产品供应链都受到了传统存储芯片短缺的冲击。 但专注于科技领域的市场研究公司Counterpoint表示，新的问题即将出现。英伟达最近决定降低人 工智能服务器的功耗成本，方法是将其使用的内存芯片类型从通常用于服务器的DDR5更换为通常 用于手机和平板电脑的低功耗内存芯片LPDDR。 英伟达计划于周三晚些时候发布财报。 Counterpoint 表示，由于每个 AI 服务器需要的内存芯片比一部手机要多，因此这种变化预计将会 产生行业无法应对的突然需求。 三星电子、SK海力士和美光等存储器供应商在减少产量以专注于高带宽存 ...

Counterpoint报告称，英伟达将AI服务器内存从DDR5转向手机用LPDDR芯片以降低功耗，其需求规模相当于一家智能手机大厂。当前内存市场已因 制造商转产AI高端芯片而短缺，英伟达此举加剧紧张局势。分析预计服务器内存价格2026年底前将翻番，推高云服务商和AI开发商成本。 11月19日，市场研究机构Counterpoint Research发布报告称， 英伟达近期决定将AI服务器的内存芯片从传统服务器使用的DDR5转向通常用于手机和 平板电脑的低功耗LPDDR芯片，以降低服务器能耗成本 。这一转变将使英伟达成为与主要智能手机制造商同等规模的LPDDR客户，供应链难以轻易消 化如此规模的需求。 过去两个月，全球电子供应链已因传统内存芯片短缺而承压，原因是制造商将重心转向适用于AI应用的高端内存芯片。 英伟达的这一转向可能导致低 端市场的供应紧张向上传导，迫使芯片制造商权衡是否将更多产能转向LPDDR生产。 多重短缺叠加施压 当前全球内存市场正面临多层次的供应紧张。过去两个月，传统内存芯片短缺已对全球电子供应链造成冲击，根源在于制造商将生产重心转向适用于AI 半导体应用的高端内存芯片。 英伟达在AI服务器 ...