This is going to be a key conversation that Jensen Huang is likely to be having with the president of the United States, because once again, another chip design for China being pushed back by the country itself. Well, that's right, Kara and Jensen Huang has been having those kinds of conversations with President Donald Trump since he took office in January. He is Jensen has been trying to reshape the picture when it comes to export controls in a way that's a little bit more advantageous for video.Over the p ...

Hello and welcome to Morning Brief Market Sunrise. I'm Raman Karamali live from Yahoo Finance Studios in London. It's Wednesday 17th September.Coming up on the show, the Fed is widely expected to cut interest rates later today. The big question, how many more cuts for 2025. China has told tech firms to stop buying Nvidia's AI chips.That's according to the FT. And the UK and US sign a 42 billion dollar tech pact to mark President Trump's state visit. So grab your coffee and let's own the morning.The Fed is o ...

WANG GANG / Feature China / Future Publishing / Getty Images Nvidia faces U.S. export restrictions on sales of its most advanced chips to China and has tailor-made some of its semiconductors for the country's market. KEY TAKEAWAYS China has reportedly banned its largest tech firms from buying Nvidia AI chips, adding pressure on the U.S. chipmaker’s sales in the country. The country’s internet regulator told firms including TikTok owner ByteDance and e-commerce giant Alibaba this week to end their testi ...

Nvidia Corp‘s NVDA China dream is unraveling fast. Just as the company thought it had a workaround for U.S. export limits, Beijing slapped down its custom AI chips and opened an antitrust probe, turning one of its most strategic markets into a geopolitical minefield. Investors now face a stark question: can Nvidia thrive in AI if China is off-limits?Track NVDA stock here.From Workarounds To Dead EndsThe latest blow came when China's Cyberspace Administration ordered tech giants like ByteDance and Alibaba Gr ...

We see Nvidia shares down about 1%. How meaningful is this at least in the near term for Nvidia sales. Because we keep hearing that uh Chinese sales, they weren't really factored in the guidance.So why is the stock moving like this in the pre-market. Yeah, look, it's a shot across the bow obviously from Beijing. But look, part of the issue here is that you and we see it all the big Chinese tech players, they're going to want Nvidia's chips, right.I mean there's one chip in the world fueling the AI revolutio ...

Key TakeawaysChina’s Cyberspace Administration has reportedly ordered major domestic technology companies, including ByteDance (BYTEDANCE) and Alibaba Group (BABA), to cease purchasing and testing NVIDIA’s (NVDA) RTX Pro 6000D-FT and H20 AI chips.This directive, driven by Beijing's push for technological self-sufficiency and national security concerns, has immediately impacted global markets, with NASDAQ 100 futures and S&P 500 futures both hitting session lows, down 0.2%.The move escalates U.S.-China tech ...

We bring in Jenny Horn, host of NextGen Investing. We'll start off with Oracle, which has constantly been in the news and some more news to digest this morning. Good morning, Jenny. Good morning, Nicole.And yes, seeing some news really tied to its relationship with Tik Tok. As right now, according to various sources, many are believing Oracle could be playing this key role in a Tik Tok deal between the Trump administration as well as China. So Oracle is among the consortium of firms that could be enabling T ...

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 。 英伟达最新推出的面向中国市场的人工智能芯片 RTX6000D，市场需求表现平淡。两位熟悉采购 讨论的人士表示，一些大型科技公司并未下单。 据称，RTX6000D主要用于AI推理任务，但就性能与价格而言显得偏贵。消息人士补充，样品测 试显示其性能不及 RTX5090 ——这款被美国禁止在中国销售的芯片仍可通过灰色渠道轻松获得， 价格不到RTX6000D约5万元人民币（约7000美元）的一半。 另有消息称，包括阿里巴巴、腾讯和字节跳动在内的中国科技巨头，仍在等待确认英伟达 H20 芯 片订单是否能获批。今年7月，美国方面重新允许英伟达销售H20，但相关出货尚未恢复。这些企 业同时也期待性能更强大的 B30A 芯片能够获得华盛顿的批准。 英伟达发言人在声明中回应称："市场竞争激烈——我们尽力提供最好的产品。" 阿里巴巴未回应 路透社的置评请求，腾讯和字节跳动也未作答复。 耐心等待 能否获得先进AI芯片，已成为中美贸易摩擦中的核心焦点之一。周一，中国市场监管总局表示英 伟达违反《反垄断法》，依法决定对其实施进一步调查。 消息人士透露，中国监管部 ...

By Liam Mo and Brenda Goh BEIJING/SHANGHAI (Reuters) -Nvidia's (NVDA) RTX6000D, its newest artificial intelligence chip tailored for the Chinese market, has seen only lukewarm demand with some major tech firms opting not to place orders, two people with knowledge of procurement discussions said. The RTX6000D, designed mainly for AI inference tasks, is seen as expensive for what it does, the two people said. They added that testing of samples showed its performance lags the RTX5090 - a chip banned by the ...

文章核心观点 - 海内外算力高景气度延续，AI基础设施建设保持高支出水平，英伟达和博通业绩及指引乐观，国内算力芯片公司业绩释放，寒武纪和海光等公司进展积极 [1][15] - 2026年国内偏先进产线扩产有望提速，带动设备板块订单预期和国产替代进程，存储、材料、SoC、封测等板块延续复苏态势 [1][14] - 行业景气度呈现结构性复苏，消费电子需求边际转暖，AI和汽车驱动端侧创新，但工业需求复苏仍乏力 [2][31] 行业景气跟踪 需求端 - 智能手机25Q2全球出货同比增速放缓至1%，中国同比下滑4%，第三方机构下调全年出货预测，华为和苹果发布新机，关注AI应用在本地设备落地 [2][35] - PC市场25Q2全球出货同比+6.5%至6840万台，IDC和Counterpoint预计25H2出货同比增速减弱，AI PC渗透率预计从2024年34%升至2027年78% [2][42][44] - AI眼镜25Q2全球销量87万台，同比+222%，Meta预计9月发布新品，智能手表和手环中国市场出货分别同比+18.8%和+20.2% [2][45] - VR头显25Q2全球销量126万台，同比-6.7%，AR头显销量15.1万台，同比+40%，2025年预计为VR小年，AR增长受AI热度驱动 [2][49][50] - TrendForce微幅下修2025年全球AI服务器出货量至年增24.3%，整体服务器出货年增约5%，北美云厂Capex指引超预期，信骅25M8营收8.7亿新台币，同比+28% [2][53] - 汽车市场25M7国内销量259.3万辆，同比+14.7%，环比-10.3%，新能源车销量126.2万辆，同比+27.4%，以旧换新政策效果显现 [2][57][58] 库存端 - 手机链芯片大厂25Q2库存周转天数81天，环比提升3天，国内手机链厂商库存周转天数环比下降17天至150天 [3][62] - PC链芯片厂商25Q2库存351亿美元，环比增31.6亿美元，库存周转天数105天，环比增14天 [3][64] - ADI FY25Q3库存环比增7200万美元，DOI降至160天，TI表示所有终端客户库存均处于低位，ST指引25Q4库存天数降至约140天 [3][67] 供给端 - 晶圆厂产能利用率持续复苏，UMC 25Q2产能利用率76%，环比+7pcts，SMIC 25Q2产能利用率92.5%，环比+2.9pcts，华虹25Q2稼动率102.7%，环比提升5.6pcts [4] - 2026年国内先进逻辑产线扩产进展有望提速，SMIC资本支出侧重偏先进制程，长江存储（三期）公司成立，存储产线扩产可期 [4][14] 价格端 - DDR4价格自3月开始上涨，二季度至今明显上升，NOR和SLC NAND价格维持温和增长，模拟和功率器件价格大部分稳定，部分消费级和车规级产品存在价格压力 [4] 销售端 - 全球半导体月度销售额25M7达621亿美元，同比+20.6%，环比+3.6%，美洲同比+29.3%，中国同比+10.4%，亚太及其他地区同比+35.6% [5] 产业链跟踪 设计/IDM - 英伟达指引本十年末全球AI基础设施支出达3-4万亿美元，中国AI芯片市场规模约500亿美元，博通第四家XPU客户2026年放量，潜在订单超100亿美元，上修FY26 AI收入指引 [6] - 寒武纪展望2025年营收50-70亿元，海光发布股权激励计划，2025-2027年营收同比增速目标+55%/+45%/+33% [6] - 存储海外大厂盈利能力改善，美光FY25Q3 HBM收入环比增近50%，SK海力士25Q2营收创单季新高，国内模组厂商25Q2收入和盈利能力环比改善 [8] - 模拟芯片TI/ADI/MPS预计25Q3营收环比+4%/+4%/+8%，国内模拟公司25Q2环比增速好于同比，工业、光伏复苏明显，汽车客户拉货节奏分化 [9] - 射频行业价格企稳，稳懋Q2产能利用率环比提升，预计Q3营收环比提升mid-teens百分比，国内厂商盈利承压但趋势改善 [10] - CIS国内厂商进军高端产品线，豪威集团25H1汽车和新兴业务驱动成长，手机业务同比下滑，思特威汽车电子和安防芯片出货提升 [10] - 功率半导体英飞凌/安森美/ST预计25Q3营收环比+3%/+3%/+15%，国内公司25H1营收恢复性增长，关注SiC在AI算力先进封装应用 [11] 代工 - 台积电AI数据中心需求强劲，保持2024-2028年AI加速芯片营收CAGR近45%指引，中芯国际和华虹拟收购优质资产，并入先进制程产能 [12] 封测 - 日月光封测业务势头持续至25Q3，25Q4营收环比增长，先进封测增长趋势延至2026年，国内封测公司25H1营收同比增长，算力和汽车需求增速较快 [13] 设备&材料&零部件 - 国内设备厂商签单进展较好，25Q2收入快速增长，2026年受益于先进制程扩产和国产替代，零部件厂商收入增长但短期折旧压力影响利润 [14] - 材料板块25Q2靶材、掩膜板、CMP等景气旺盛，伴随FAB稼动率提升复苏，部分电子气体和湿电子化学品价格环比持平，毛利率环比提升 [14] EDA/IP - 芯原股份25Q2营收5.84亿元，环比+50%，截至25Q2末在手订单30.25亿元创历史新高，国内EDA公司25Q2营收同环比增长 [15] 半导体板块行情回顾 - 2025年8月半导体（SW）行业指数+25.85%，电子（SW）行业指数+23.97%，A股半导体指数跑赢费城半导体指数（-2.05%）和中国台湾半导体指数（+0.24%） [1][21][23] - 细分板块中数字芯片设计涨幅39.86%领先，半导体设备涨幅13.41%相对较低，东芯股份、臻镭科技、芯原股份等个股涨幅居前 [23][25]