以下文章来源于道总有理 ，作者道总 道总有理 . 科技创新与商业动态观察家，探究产业趋势，深挖商业内幕，只讲有用的干货，只做有价值的输出。 9月份，半导体行业迎来一个重磅消息，英特尔和英伟达"突然"宣布达成合作，双方将共同 设计并开发面向数据中心和客户端市场的定制 x86 芯片。除此之外，英伟达还向英特尔投 资了50亿美元（折合人民币约356亿）。 而就在近日，美国联邦贸易委员会（FTC）正式批准了该战略投资计划，为这个被业界视 为"芯片行业历史性联姻"的交易扫清了一道关键的监管障碍。 受此合作的影响，近半年英特尔的股价一改往日的颓势，一路上涨。资本市场的直观反应， 印证了作为美国半导体战略核心支点的英特尔，正在焕发出新的想象力，而英伟达这个AI时 代最亮眼的巨头的参与，无疑给其增添了从想象走向现实的"完美助力"。但问题在于英伟 达给其带来了钱，却没有给其晶圆代工业务带来客户，而晶圆代工才是英特尔对美国政府最 大的价值。 在全球晶圆代工市场上，英特尔能不能崛起，看的不单单是技术，还有台积电这个巨头。 传统业务无法让"昔日霸主"重返辉煌 一个是GPU巨头、另一个是CPU巨头，英伟达和英特尔之间绝佳的业务互补，是 ...

Core Insights - Chengdu state-owned capital has achieved a remarkable return of 100 billion yuan from an investment of less than 1 billion yuan in Haiguang Information over a decade, showcasing a successful case of strategic investment in the semiconductor industry [1][2][8]. Investment Strategy - The investment approach taken by Chengdu state-owned enterprises emphasizes equity binding instead of one-way subsidies, aiming to cultivate "chain leaders" and develop the entire semiconductor industry chain [2][11]. - The investment in Haiguang Information was driven by a long-term strategic vision rather than short-term financial gains, reflecting a shift from traditional government subsidy models to a partnership model where risks and rewards are shared [12][14]. Market Position - Haiguang Information has become a significant player in the semiconductor sector, with its market value reaching approximately 622.7 billion yuan, contributing to a combined market value of over 8,063 billion yuan with its merger partner Zhongke Shuguang [3][5]. - The top five stocks on the Sci-Tech Innovation Board, including Haiguang Information, represent a strong embodiment of China's semiconductor capabilities, with four out of five being semiconductor-related [3]. Financial Performance - Chengdu state-owned capital's investment in Haiguang Information has yielded a capital return rate exceeding 100 times, with the current market value of their holdings around 106.1 billion yuan, compared to an initial investment of just over 400 million yuan [8][10]. - The financial data indicates that Haiguang Information's subsidiaries, Haiguang Integrated and Haiguang Microelectronics, have significantly contributed to its performance, with the former accounting for 90% of total revenue in the first half of the year [13]. Long-term Commitment - The investment from Chengdu state-owned enterprises reflects a commitment to long-term value creation, focusing on industry contribution, job creation, and technological breakthroughs rather than immediate financial returns [14]. - The strategic decision to invest in Haiguang Information was made with the understanding that the semiconductor industry requires substantial R&D investment, with Haiguang Information allocating 95.35% of its revenue to R&D [10].

Group 1 - The article highlights the importance of major announcements in the stock market, including suspensions, investments, acquisitions, and performance reports, to help investors identify potential investment opportunities and risks [1] - A leading company in AI chips, computing power, and data centers is noted as the only domestic producer of x86 chips, indicating its strong market position [1] - Another company is involved in humanoid robots, low-altitude economy, drones, and new energy vehicles, having established connections with top humanoid robot firms and completed sample testing of core products [1] - A company focusing on solid-state batteries, related to CATL concepts, machine vision, and hydrogen energy, has delivered core solid-state battery equipment to multiple clients [1]

当地时间 3 月 31 日，陈立武作为英特尔首位 华人CEO 出现在 IntelVision2025 大会的开幕式现场并发表主题演讲。 在演讲中，陈立武全面阐述掌管英特尔后重振公司技术和制造领先地位的思路，并详尽分享了对核心业务布局、新时代新方法以及公司文化、招募人才等重 要变更的总体方针和战略。 但陈立武表示，他并不清楚他会担任CEO多长时间，重要的是，英特尔能够真正交付产品，并让客户满意。 "有人问我计划在英特尔待多久，我告诉他们：只要公司需要我，我就会待在这里，即便他们只要求我待三个月，我也可能会留下15年，确保我们能够真正交 付产品，并让客户满意。在我的领导下，我们将让英特尔回归到工程优先的公司，并且重新像创业公司一样运作。我们将倾听并根据你们的反馈行动。最重 要的是，我们将创造出优秀的产品，解决问题并推动成功。"陈立武说。 全面阐述核心业务 在演讲中，陈立武从四方面阐述了英特尔核心业务规划。 陈立武演讲现场（图片来源：英特尔） 为何重回英特尔？ "看着它挣扎我感到很痛苦。在知道自己能够帮助公司扭转局面的情况下，我不能袖手旁观。"在演讲中，陈立武解释了他为何选择重回英特尔并担任公司 CEO。此前，他曾 ...