Core Insights - TSMC reported June revenue of NT$263.71 billion, a decrease of 17.7% month-over-month but an increase of 26.9% year-over-year [1] - For the first half of the year, TSMC's revenue reached NT$1,773.046 billion, a 40.0% increase compared to the same period last year [1] - Q2 revenue was NT$933.796 billion (approximately US$31.95 billion), up 38.6% year-over-year, exceeding company guidance and market expectations [1] - Analysts had predicted Q2 revenue of NT$927.831 billion, while JPMorgan expected US$29.95 billion, with a quarter-over-quarter growth of 17% [1] - Strong demand for 3nm and 5nm processes, along with urgent orders for older process nodes, contributed to the revenue growth despite significant appreciation of the New Taiwan Dollar [1] - TSMC's gross margin for Q2 is expected to remain at 57.9% [1] Company Outlook - TSMC's CEO, C.C. Wei, indicated that while U.S. tariffs have had some impact, demand for AI remains strong and continues to exceed supply [2] - The company forecasts a mid-teens percentage growth in revenue for 2025 [1][2] - TSMC expects full-year revenue growth in USD to be close to the mid-20% range (24%-26%) [2] - The company plans to hold an earnings call on July 17, focusing on order outlook for the second half, capital expenditure plans for 2026, and progress on 2nm process technology [2] - TSMC benefits from the AI boom as the largest chip foundry, producing high-end processors for companies like NVIDIA and AMD [2] - The company announced plans to invest an additional US$100 billion in the U.S., following a previous commitment of US$65 billion for three factories [2]

LSEG SmartEstimate（来自 21 位分析师的调查）预测，台积电二季度营收为9,278.31 亿新台币。 公司6月销售额2,637.1亿新台币，较去年同期增加了26.9%。根据稍早前公布的财务数据计算，台积电二季度销售额为9337.96亿元新台币，约合 319.5亿美元，远超公司指引和市场预期。 台积电二季度销售额超预期大增，再次佐证了AI需求的强劲。 台积电周四最新公布报告显示，公司6月销售额2,637.1亿元新台币，较上月减少了17.7%，但较去年同期增加了26.9%。报告还显示，1-6月累计销 售额为17730.46亿元新台币，较去年同期增加了40.0%。 | 項目 | 2025年 | 2025年 | 月增(減) | 2024年 | 年增(減) | 2025年 | 2024年 | 年增(減) | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 6月 | 5月 | % | 6月 | % | 1至6月 | 1至6月 | % | | 營收 | 263,709 | 320,516 | (17.7) | 207,869 | 26 ...

当地时间7月9日，三星电子在纽约推出三款折叠屏手机：Galaxy Z Fold7国行预售起步价为13999元， Galaxy Z Flip7为7999元，Galaxy Z Flip7 FE为6499元。 在纸面参数上，Galaxy Z Fold 7合屏厚度为8.9毫米，展开厚度4.2毫米。它比上一代要轻得多，重215 克。屏幕方面，Fold 7外屏升级至6.5英寸，内屏则达到8英寸。 作为对比，荣耀上周推出的全球最薄折叠屏手机Magic V5的折叠厚度为8.8毫米，而在重量上，荣耀 Magic V5和vivo的X Fold5的机身重量均为217克，比Galaxy Z Fold 7略重。 然而，新一代Galaxy Z Fold 7有个难以忽视的缺点，其电池容量仅为4400mAh，远低于竞赛对手荣耀 Magic V5的6100mAh电池、vivo X Fold5的6000mAh电池或OPPO Find N5的5600mAh电池。 影像系统方面，Galaxy Z Fold 7包括2亿像素的主摄、1200万像素超广角和1000万像素长焦镜头，外屏 配备1000万像素自拍镜头，内屏则采用400万像素屏下摄像头。 三星G ...

台积电第二季度业绩预计将超出预期，展现出强劲的基本面，但摩根大通的最新分析指出，新台币大幅升值将对台积电下半年的盈利前景构成挑战。 追风交易台消息，根据摩根大通6日发布的研报，预计台积电第二季度营收将达到299.5亿美元，环比增长17%，远超公司指引。主要得益于3纳米（N3） 和5纳米（N5）的持续强劲需求，以及老制程节点的紧急订单拉动，即使面对新台币的显著升值，Q2毛利率仍有望维持在57.9%。 然而，展望2025年下半年，增长势头预计将有所放缓。摩根大通预测第三季度营收环比增长3-6%，而第四季度可能环比下降6%。新台币自4月底以来累计 升值11%，这一汇率逆风已促使摩根大通下调了台积电2025和2026财年的盈利预测，预计下半年毛利率将降至56%左右。 尽管面临汇率压力，但摩根大通认为，台积电在先进制程领域的领导地位和强劲需求依然是其核心优势。 第二季度业绩：强劲基本面对抗汇率压力 摩根大通预计台积电第二季度营收将达到299.5亿美元，环比增长17%，大幅超越公司此前给出的11-14%指引范围。这一强劲表现主要得益于三大因素推 动：N3制程快速爬坡、N5系列持续强势表现，以及老制程节点的急单拉动。 非A ...

Core Insights - The Chinese foldable smartphone market is experiencing intense competition, with domestic brands continuously breaking records in terms of thickness and weight, showcasing advancements in technology and manufacturing capabilities [1][4][5] - Apple is reportedly developing its own foldable device, expected to enter production by the end of 2025, which may influence the competitive landscape [3][11] - The current market is dominated by Huawei, which holds a significant share of 76.6%, while other brands like Honor, OPPO, and Vivo are striving to capture more market presence [11] Group 1: Product Innovations - Honor's Magic V5 is the thinnest foldable smartphone at 8.8mm and weighs 217 grams, sharing the title of the lightest large foldable with Vivo's X Fold5 [1][4] - OPPO's Find N5 previously set a record with a thickness of 8.93mm, while Vivo's X Fold5 introduced a lightweight design [4] - Innovations in battery technology, such as Honor's high-silicon battery with a density of 901Wh/L, are crucial for achieving lighter and thinner devices [5][8] Group 2: Manufacturing and Technology - The advancements in foldable smartphones are supported by breakthroughs in materials and manufacturing techniques, such as OPPO's titanium alloy hinge and Vivo's semi-solid state battery technology [5][8] - Honor has implemented a self-repairing adhesive in its battery design to manage expansion during charging, enhancing reliability [8] - The use of specialized materials, like aerospace-grade fibers for the back cover, contributes to the durability and lightweight nature of these devices [8][9] Group 3: Market Dynamics - The foldable smartphone segment is seen as a symbol of technological prowess, with brands aiming to compete with Apple in the high-end market [3][11] - The competitive landscape is shifting, with domestic brands aggressively innovating to challenge Huawei's dominance [11] - The entry of Apple into the foldable market is anticipated to stimulate consumer interest and further innovation among existing players [3][11]

（石飞月 摄影） 本报（chinatimes.net.cn）记者石飞月 深圳报道 通信专家马继华也对《华夏时报》记者表示，目前看来荣耀在港股上市的可能性最大，当然也不排除在 科创板上市的可能性。"荣耀成长势头也不错，且作为一家独立的智能终端类的企业，荣耀的发展完全 没有问题，上市后应该会有一个不错的市场预期。" 上市自然要有新故事，荣耀的故事，就是转型。今年3月，荣耀在2025世界移动通信大会期间正式发布 荣耀阿尔法战略，加速从智能手机制造商向全球领先的AI终端生态公司转型。 荣耀阿尔法战略的落地包括三个步骤：从开发打造真正智慧的手机开始，在AI智能体时代与合作伙伴 打开技术的边界，共创AI终端的新范式；接下来，在物理AI时代，将打开产业的边界，共创AI生态的 新范式；最后，在通用人工智能（AGI）时代，荣耀将打开人类潜能的边界，共创人类文明的新范式。 "我们现在处于辅导阶段，这个阶段至少要三个月起步。"7月2日晚间，荣耀CFO彭求恩对包括《华夏时 报》记者在内的媒体记者透露了公司的上市准备情况。上周，荣耀获深圳证监局上市辅导备案受理。如 果荣耀成功上市，那么该公司将成为中国为数不多的手机上市公司之一，在几大 ...

Core Insights - The foldable smartphone market is evolving, with domestic manufacturers aiming to connect with high-end Apple users through innovative products [1][7] - Despite a 53.1% year-on-year increase in China's foldable smartphone shipments in Q1 2025, the market remains in an adjustment phase, with no significant improvement in demand [1][5] - The global foldable smartphone market is expected to stabilize in 2025, with a potential increase to 23 million units following Apple's entry into the market [5] Group 1: Market Dynamics - The foldable smartphone market in China saw shipments reach 2.84 million units in Q1 2025, reflecting a 53.1% increase year-on-year [1] - The global market size for foldable smartphones is projected to remain stable at approximately 17 million units in 2025, with a potential rise to 23 million units in 2026 due to Apple's entry [5] - The introduction of Apple's foldable phone is expected to enhance consumer awareness and stimulate demand for foldable devices [5] Group 2: Technological Advancements - Honor's latest foldable smartphone, Magic V5, has achieved a thickness of 8.8mm, setting a new record in the industry [2] - The average silicon content in foldable smartphone batteries is currently below 15%, with Honor's new battery achieving a silicon content of 25% and an energy density of 901Wh/L [3] - Domestic manufacturers are making significant progress in supply chain technology, with companies like SaiDe Semiconductor and Changxin Technology emerging as key players [2][3] Group 3: Competitive Landscape - The competition in the foldable smartphone market is intensifying, with manufacturers focusing on lightweight designs and advanced materials [2][3] - The shift in focus from hardware specifications to AI applications is expected to redefine the competitive landscape in the foldable smartphone sector [5][6] - Manufacturers are leveraging AI to enhance user experience, enabling features like automatic document organization and real-time translation on foldable devices [6][7] Group 4: Strategic Positioning - Domestic manufacturers are not aiming to replace iPhones but rather to create seamless connectivity with Apple's ecosystem, reducing barriers for Apple users to switch to Android [7] - The integration of AI technology is seen as a way to break down the boundaries between hardware and software, unlocking the full potential of foldable smartphones [7] - The high repair rates and performance compromises of early foldable models have led to hesitance among early adopters, impacting the overall market growth [8]

每经记者｜王晶 每经编辑｜张海妮 自2018年首款折叠屏手机问世以来，行业围绕屏幕铰链、整机重量、电池续航、耐用强度等技术挑战持续攻坚，经过6年多的迭代，折叠屏产品完成了从"能 用"到"好用"的过渡。 尽管折叠屏技术已趋成熟，但产业真正的难题才刚刚浮出水面。过去几年，主流安卓厂商在高端市场不断试水折叠形态，行业实现同比三位数的高速增长。 然而，当第一批尝鲜用户逐渐饱和后，下一波增长动力从何而来？ 现在，几乎所有厂商都盯上了一个共同的增量池：iPhone用户。这是一个典型的高消费力群体，该群体对产品的品质、性能和体验有着较高的要求。不过， 苹果iOS与安卓系统间的生态壁垒让用户在跨设备协同体验时头疼不已。 折叠屏技术逐渐成熟 过去几年，折叠屏手机虽然备受瞩目，但真正阻碍其普及的除了价格本身，还有因"可折叠"所带来的种种代价：机身笨重、电池续航能力不足、折痕明显、 软件适配难等，一度将折叠屏限定在小众尝鲜市场。如今，技术迭代正逐步将这些问题逐一解决。 以今年面世的几款横折旗舰为例，整机重量普遍已逼近甚至低于主流直板旗舰。其中，OPPO Find N5重量约229克，荣耀Magic V5系列则把重量压缩到 217g ...

2025年6月30日，中国，深圳——近日，OPPO宣布旗下智能助理小布助手正式上线深度执行功能，用户只需要在 小布助手对话框内输入一句话，即可免费体验到由AI自主规划、寻源检索之后一键式生成的专业报告。小布助手 也是业界首个上线深度执行的手机助手类产品，这意味着助手类产品变得更"聪明"了。目前，该功能已覆盖OPPO Find X8系列、OPPO Find N5系列和一加13系列ColorOS 15.0及以上版本机型。 依托ColorOS 15及AndesGPT大模型的技术底座，OPPO小布助手实现了深度执行能力，成为用户口袋里的"深度研 究专家"。用户体验深度执行的操作步骤与功能实现如下： 值得一提的是，在小布助手执行任务过程中，AI可以自动拆解研究任务，其深度思考和研究过程清晰可见，便于 用户了解研究逻辑 ；用户也可直接查看引用的信息来源，快速判断研究真实性与可靠性。目前，该功能支持生成 该功能支持生成PDF和网页格式，并可下载到本机。 OPPOAI目前已经深度覆盖生产力、健康、娱乐影音等场景，为用户高频的日常场景带来更便捷的用户体验。此 次，小布助手在行业率先上线深度执行能力，有望在多样化场景率先建立技术 ...

Core Viewpoint - OPPO has launched its AI-powered assistant, Xiaobu, which features deep execution capabilities, allowing users to generate professional reports through simple text input [1] Group 1: Product Features - Xiaobu is the first mobile assistant in the industry to implement deep execution capabilities [1] - Users can experience AI-driven report generation for free by entering a sentence in the Xiaobu assistant dialogue box [1] Group 2: Device Compatibility - The deep execution feature is available on OPPO Find X8 series, OPPO Find N5 series, and OnePlus 13 series devices running ColorOS 15.0 and above [1]