"第一季度，我们的订单出货比有所改善，汽车和工业业务的订单出货比均高于平价，"Chery补充 道，"我们第二季度的业务预期中值为净营收27.1亿美元，同比下降16.2%，环比增长7.7%；预计 毛利率约为33.4%，受未使用产能费用约420个基点的影响。" 奇瑞总结道："我们计划将2025年的净资本支出（非美国GAAP1）维持在20亿美元至23亿美元之 间，主要用于重塑我们的制造版图。虽然我们认为2025年第一季度是底部，但在当前不确定的环 境下，我们专注于我们能够控制的事情：持续创新，不断改进和加速我们产品和技术组合的竞争 力，专注于先进制造，严格管理成本。" ASML也预期会增长 在此前，欧洲科技巨头 ASML 上季度达到了其收入预期，并且仍然预计今年的收入将会增长，但 由于特朗普的关税动荡给整个行业带来不确定性，订单量有所下降。 来源：内容来自半导体行业观察综合 ，谢谢。 在昨天德州仪器对芯片复苏表达了强烈的信心之后，另一个芯片巨头ST也发表了同样的看法。 该公司首席执行官Jean-Marc Chery表示，"第一季度净收入与我们业务预期区间的中点持平ST 认 为 第 一 季 度 是 市 场 底 部 ， ...

Core Viewpoint - The semiconductor industry is showing signs of recovery, with major companies like Texas Instruments and STMicroelectronics expressing confidence in market stabilization and growth despite recent challenges [2][4]. Group 1: STMicroelectronics Insights - STMicroelectronics reported a 27.3% year-over-year decline in net income for Q1, with a net profit drop of 89.1% to $56 million [2]. - The CEO indicated that Q1 is seen as the market bottom, driven by growth in personal electronics, although automotive and industrial revenues fell short of expectations [2]. - For Q2, STMicroelectronics anticipates net revenue of $2.71 billion, a 16.2% year-over-year decline but a 7.7% quarter-over-quarter increase, with a projected gross margin of approximately 33.4% [2]. Group 2: ASML Performance and Outlook - ASML achieved a total net sales of €7.7 billion ($8.75 billion) for Q1, exceeding previous estimates and up from €5.3 billion ($6 billion) year-over-year [4]. - The company reported disappointing order volumes of €3.9 billion ($4.4 billion) for the quarter, leading to a 6% drop in stock price [4]. - ASML maintains a revenue forecast for 2025 between €30 billion and €35 billion ($34 billion to $40 billion), despite uncertainties from tariffs [5][6]. Group 3: Tariff Impact and Future Projections - Tariffs imposed by the U.S. government are creating uncertainty in the semiconductor sector, affecting companies like ASML that operate globally [6]. - ASML's CFO highlighted the various ways tariffs could impact their operations, including on systems shipped to the U.S. and components used in U.S. manufacturing [6]. - The company remains optimistic about future growth driven by advancements in technology, particularly in logic and DRAM chips, which require more sophisticated lithography techniques [6].