股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 据市场调研公司TrendForce称，Switch 2所用的12GB RAM（随机存取存储器）模块在本季度价格上涨 了41%。新主机搭载的NAND存储器价格也上涨了近8%，这也影响了附加存储卡的成本。受内存供应 危机加剧的影响，投资者对Switch 2的乐观情绪减弱，任天堂股价在12月的八个交易日中有七天下跌， 市值蒸发约140亿美元。 12月10日，任天堂日股一度跌4.7%，股价创下自今年五月以来的最低水平，原因是市场担忧内存芯片 等元器件价格飙升可能侵蚀其利润。内存成本快速上涨可能压缩新款Switch 2游戏主机的利润率，且配 件成本上升可能抑制市场需求。 ...

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" for the electronics industry [6]. Core Insights - The semiconductor product origin recognition rules have been clarified, accelerating the domestic substitution process for chips, which may benefit local manufacturers of analog and RF chips due to increased tariffs on U.S. imports [1]. - The electronics sector experienced a decline of 3.89% in the past week, ranking 13th out of 31 industries, with the semiconductor sub-sector showing a slight increase of 0.56% [3][37]. - The report highlights significant investment opportunities in various segments, including supply chains related to Apple, NVIDIA, and semiconductor ICs, as well as silicon carbide [4]. Summary by Sections Industry Performance - The electronics sector's performance in the past week saw the Shanghai Composite Index drop by 3.10%, the Shenzhen Component Index by 5.13%, and the CSI 300 Index by 2.87% [3][37]. - The electronics index's price-to-earnings (PE) ratio stands at 52.6, with a 10-year PE percentile of 67.61% [42]. Investment Recommendations - Key companies to watch include Luxshare Precision, GoerTek, and Lianyi Intelligent Manufacturing in the Apple supply chain; NVIDIA-related companies such as Shenghong Technology and Industrial Fulian; semiconductor IC firms like Haiguang Information and Longxin Zhongke; and silicon carbide companies like Tianyue Advanced and Sanan Optoelectronics [4]. Market Data Tracking - The semiconductor industry is seeing increased investment in advanced packaging and third-generation semiconductors, with significant projects being signed in China [16]. - The 8-inch silicon carbide substrate has entered large-scale application, promising higher yields and lower manufacturing costs [24].