{"id":866,"date":"2026-06-20T13:57:45","date_gmt":"2026-06-20T13:57:45","guid":{"rendered":"https:\/\/equitiesorbis.com\/%e8%8b%b9%e6%9e%9c%e5%85%ac%e5%8f%b8%e5%8f%af%e8%83%bd%e4%b8%ba%e8%8b%b1%e7%89%b9%e5%b0%94%e6%8f%90%e4%be%9b%e4%ba%86%e9%a6%96%e4%b8%aa%e5%8f%af%e4%bf%a1%e7%9a%84%e4%bb%a3%e5%b7%a5%e5%8f%99%e4%ba%8b\/"},"modified":"2026-06-21T22:39:29","modified_gmt":"2026-06-21T22:39:29","slug":"%e8%8b%b9%e6%9e%9c%e5%85%ac%e5%8f%b8%e5%8f%af%e8%83%bd%e4%b8%ba%e8%8b%b1%e7%89%b9%e5%b0%94%e6%8f%90%e4%be%9b%e4%ba%86%e9%a6%96%e4%b8%aa%e5%8f%af%e4%bf%a1%e7%9a%84%e4%bb%a3%e5%b7%a5%e5%8f%99%e4%ba%8b","status":"publish","type":"post","link":"https:\/\/equitiesorbis.com\/zh-hans\/%e8%8b%b9%e6%9e%9c%e5%85%ac%e5%8f%b8%e5%8f%af%e8%83%bd%e4%b8%ba%e8%8b%b1%e7%89%b9%e5%b0%94%e6%8f%90%e4%be%9b%e4%ba%86%e9%a6%96%e4%b8%aa%e5%8f%af%e4%bf%a1%e7%9a%84%e4%bb%a3%e5%b7%a5%e5%8f%99%e4%ba%8b\/","title":{"rendered":"\u82f9\u679c\u516c\u53f8\u53ef\u80fd\u4e3a\u82f1\u7279\u5c14\u63d0\u4f9b\u4e86\u9996\u4e2a\u53ef\u4fe1\u7684\u4ee3\u5de5\u53d9\u4e8b"},"content":{"rendered":"\n<p>\u5f53\u4e00\u5bb6\u516c\u53f8\u7684\u53cd\u8f6c\u4e0d\u518d\u4ec5\u4ec5\u4f9d\u8d56\u4e8e\u7ba1\u7406\u5c42\u7684\u6f14\u793a\u6587\u7a3f\uff0c\u800c\u662f\u5f00\u59cb\u53d6\u51b3\u4e8e\u80fd\u591f\u9a8c\u8bc1\u5176\u8bba\u70b9\u7684\u5916\u90e8\u5ba2\u6237\u65f6\uff0c\u8fd9\u53ea\u53cd\u8f6c\u80a1\u5c31\u5177\u5907\u4e86\u6295\u8d44\u4ef7\u503c\u3002\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48\u6700\u8fd1\u6709\u5173\u82f9\u679c\u5c06\u4e0e\u82f1\u7279\u5c14\u5408\u4f5c\u5728\u7f8e\u56fd\u8bbe\u8ba1\u548c\u5236\u9020\u82af\u7247\u7684<a href=\"https:\/\/www.reuters.com\/business\/trump-says-apple-work-with-intel-manufacture-chips-us-2026-06-18\/\">\u62a5\u9053<\/a>\u5982\u6b64\u91cd\u8981\u3002\u751a\u81f3\u5728\u6295\u8d44\u8005\u4e86\u89e3\u5177\u4f53\u7684\u8d22\u52a1\u7ec6\u8282\u4e4b\u524d\uff0c\u8fd9\u4e00\u5934\u6761\u65b0\u95fb\u5c31\u5df2\u7ecf\u6539\u53d8\u4e86\u8206\u8bba\u8d70\u5411\u3002\u82f1\u7279\u5c14\u4e0d\u518d\u53ea\u662f\u8981\u6c42\u5e02\u573a\u76f8\u4fe1\u5176\u5185\u90e8\u8def\u7ebf\u56fe\uff0c\u5b83\u53ef\u80fd\u6b63\u5f00\u59cb\u5438\u5f15\u90a3\u79cd\u80fd\u8ba9\u5176\u4ee3\u5de5\u4e1a\u52a1\u663e\u5f97\u771f\u5b9e\u53ef\u4fe1\u7684\u5ba2\u6237\u3002    <\/p>\n\n<p>\u8fd9\u4e00\u65f6\u673a\u81f3\u5173\u91cd\u8981\u3002\u5c31\u5728\u51e0\u5929\u524d\uff0cCNBC <a href=\"https:\/\/www.cnbc.com\/2026\/06\/16\/intel-begins-production-of-18a-p-inches-closer-to-possible-apple-deal.html\">\u62a5\u9053<\/a>\u79f0\u82f1\u7279\u5c14\u5df2\u5f00\u59cb\u751f\u4ea7 18A-P\uff0c\u8fd9\u662f\u5176\u6700\u5148\u8fdb\u7684\u5de5\u827a\u8282\u70b9\uff0c\u53ef\u80fd\u975e\u5e38\u9002\u5408\u4e0e\u82f9\u679c\u7684\u5236\u9020\u5408\u4f5c\u3002\u8def\u900f\u793e\u4e5f<a href=\"https:\/\/www.reuters.com\/business\/intel-taps-industry-veteran-seok-hee-lee-lead-foundry-packaging-push-2026-06-18\/\">\u62a5\u9053<\/a>\u79f0\uff0c\u82f1\u7279\u5c14\u8058\u8bf7\u4e86\u4e1a\u754c\u8d44\u6df1\u4eba\u58eb Seok-Hee Lee \u6765\u9886\u5bfc\u5176\u4ee3\u5de5\u5c01\u88c5\u4e1a\u52a1\u3002\u7efc\u5408\u6765\u770b\uff0c\u8fd9\u4e9b\u8fdb\u5c55\u6bd4\u80a1\u4ef7\u7684\u9996\u65e5\u53cd\u5e94\u66f4\u4e3a\u91cd\u8981\u3002\u5b83\u4eec\u8868\u660e\u82f1\u7279\u5c14\u6b63\u8bd5\u56fe\u5c06\u653f\u6cbb\u652f\u6301\u3001\u5de5\u827a\u8fdb\u5c55\u548c\u5c01\u88c5\u4e13\u957f\u8f6c\u5316\u4e3a\u53ef\u9760\u7684\u5ba2\u6237\u50a8\u5907\u3002    <\/p>\n\n<p>\u591a\u5e74\u6765\uff0c\u5e02\u573a\u4e00\u76f4\u5c06\u82f1\u7279\u5c14\u89c6\u4e3a\u4e00\u4e2a\u534a\u6210\u54c1\u7684\u91cd\u7ec4\u6848\u4f8b\u3002\u4f20\u7edf\u4e1a\u52a1\u56fa\u7136\u91cd\u8981\uff0c\u4f46\u771f\u6b63\u7684\u671f\u6743\u4ef7\u503c\u5728\u4e8e\uff0c\u5728\u4f9b\u5e94\u94fe\u97e7\u6027\u548c\u56de\u6d41\u5df2\u6210\u4e3a\u56fd\u5bb6\u4f18\u5148\u4e8b\u9879\u7684\u80cc\u666f\u4e0b\uff0c\u8be5\u516c\u53f8\u80fd\u5426\u6210\u4e3a\u5177\u6709\u6218\u7565\u610f\u4e49\u7684\u672c\u571f\u4ee3\u5de5\u5382\u3002\u5982\u679c\u82f9\u679c\u613f\u610f\u53c2\u4e0e\u5176\u4e2d\uff08\u54ea\u6015\u53ea\u662f\u9009\u62e9\u6027\u53c2\u4e0e\uff09\uff0c\u4e5f\u4f1a\u7f29\u5c0f\u82f1\u7279\u5c14\u7684\u4fe1\u8a89\u5dee\u8ddd\u3002\u8be5\u80a1\u7684\u5b9a\u4ef7\u4e0d\u518d\u4ec5\u4ec5\u53d6\u51b3\u4e8e PC \u9700\u6c42\u662f\u5426\u7a33\u5b9a\u6216\u670d\u52a1\u5668\u5e02\u573a\u4efd\u989d\u6d41\u5931\u662f\u5426\u653e\u7f13\uff0c\u800c\u53ef\u4ee5\u5f00\u59cb\u57fa\u4e8e\u82f1\u7279\u5c14\u4ee3\u5de5\uff08Intel Foundry\uff09\u80fd\u5426\u6210\u4e3a\u4e00\u9879\u5177\u6709\u5546\u4e1a\u610f\u4e49\u7684\u4e1a\u52a1\u6765\u5b9a\u4ef7\u3002    <\/p>\n\n<p>\u8fd9\u5e76\u4e0d\u610f\u5473\u7740\u8be5\u80a1\u6309\u4f20\u7edf\u6307\u6807\u8861\u91cf\u7a81\u7136\u53d8\u5f97\u4fbf\u5b9c\u4e86\u3002\u6839\u636e\u96c5\u864e\u8d22\u7ecf\u5173\u4e8e <a href=\"https:\/\/finance.yahoo.com\/quote\/INTC\/key-statistics\/\">Intel<\/a>\u3001<a href=\"https:\/\/finance.yahoo.com\/quote\/AAPL\/key-statistics\/\">Apple<\/a>\u3001<a href=\"https:\/\/finance.yahoo.com\/quote\/TSM\/key-statistics\/\">TSM<\/a> \u548c <a href=\"https:\/\/finance.yahoo.com\/quote\/GFS\/key-statistics\/\">GFS<\/a> \u7684\u4f30\u503c\u9875\u9762\uff0c\u82f1\u7279\u5c14\u7684\u6eda\u52a8\u5e02\u76c8\u7387\u4ecd\u9ad8\u8fbe 904.17\uff0c\u5904\u4e8e\u5931\u771f\u72b6\u6001\uff0c\u5176\u8fdc\u671f\u5e02\u76c8\u7387\u4e3a 153.85\uff0c\u8fd9\u53cd\u6620\u51fa\u5f53\u524d\u7684\u6536\u76ca\u76f8\u5bf9\u4e8e\u6295\u8d44\u8005\u5bf9\u53cd\u8f6c\u9884\u671f\u7684\u4f4e\u8ff7\u7a0b\u5ea6\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u82f9\u679c\u7684\u6eda\u52a8\u5e02\u76c8\u7387\u4e3a 36.08 \u500d\uff0c\u8fdc\u671f\u5e02\u76c8\u7387\u4e3a 31.35 \u500d\uff1b\u53f0\u79ef\u7535\u5206\u522b\u4e3a 39.67 \u548c 29.67\uff1b\u683c\u82af\u5206\u522b\u4e3a 51.10 \u548c 43.48\u3002\u4ece\u7eaf\u500d\u6570\u6765\u770b\uff0c\u82f1\u7279\u5c14\u5e76\u975e\u663e\u800c\u6613\u89c1\u7684\u5ec9\u4ef7\u80a1\u3002\u6301\u6709\u5b83\u7684\u7406\u7531\u4e0d\u662f\u76ee\u524d\u7684\u76c8\u5229\u8d28\u91cf\uff0c\u800c\u662f\u6218\u7565\u6027\u4f30\u503c\u91cd\u5851\uff08re-rating\uff09\u7684\u6f5c\u529b\u3002     <\/p>\n\n<p>\u8fd9\u662f\u770b\u6da8\u7684\u60c5\u51b5\u3002\u5982\u679c\u82f1\u7279\u5c14\u80fd\u8bc1\u660e 18A-P \u53ef\u4ee5\u5b9e\u73b0\u5546\u4e1a\u89c4\u6a21\u7684\u91cf\u4ea7\uff0c\u8d62\u5f97\u54ea\u6015\u662f\u6709\u9650\u7684\u82f9\u679c\u9879\u76ee\uff0c\u5e76\u56f4\u7ed5\u5148\u8fdb\u5c01\u88c5\u548c\u672c\u571f\u4ea7\u80fd\u5efa\u7acb\u66f4\u5e7f\u6cdb\u7684\u4ee3\u5de5\u5ba2\u6237\u540d\u5355\uff0c\u90a3\u4e48\u8be5\u80a1\u5c31\u80fd\u5728\u76c8\u5229\u5b8c\u5168\u6b63\u5e38\u5316\u4e4b\u524d\u5b9e\u73b0\u4f30\u503c\u91cd\u5851\u3002\u6295\u8d44\u8005\u4e0d\u9700\u8981\u82f1\u7279\u5c14\u5728\u6267\u884c\u529b\u4e0a\u51fb\u8d25\u53f0\u79ef\u7535\uff0c\u4ed6\u4eec\u9700\u8981\u8bc1\u636e\u8bc1\u660e\u82f1\u7279\u5c14\u5728\u7f8e\u56fd\u534a\u5bfc\u4f53\u5236\u9020\u4e2d\u53d8\u5f97\u8db3\u591f\u4e0d\u53ef\u6216\u7f3a\uff0c\u4ece\u800c\u83b7\u5f97\u6bd4\u9677\u5165\u56f0\u5883\u7684\u4f20\u7edf\u82af\u7247\u516c\u53f8\u901a\u5e38\u5e94\u5f97\u7684\u66f4\u9ad8\u7684\u7ed3\u6784\u6027\u4f30\u503c\u500d\u6570\u3002   <\/p>\n\n<p>\u770b\u8dcc\u7684\u60c5\u51b5\u4e5f\u5f88\u76f4\u63a5\uff0c\u4e0d\u5e94\u88ab\u5ffd\u89c6\u3002\u9996\u5148\uff0c\u4e0e\u82f9\u679c\u7684\u5173\u7cfb\u4ecd\u53ef\u80fd\u4ee4\u4eba\u5931\u671b\u3002\u5408\u4f5c\u8303\u56f4\u53ef\u80fd\u6bd4\u6295\u8d44\u8005\u60f3\u8c61\u7684\u8981\u7a84\uff0c\u6536\u5165\u8d21\u732e\u53ef\u80fd\u6bd4\u9884\u671f\u7684\u8981\u665a\uff0c\u800c\u4e14\u7ecf\u6d4e\u5229\u76ca\u53ef\u80fd\u5411\u82f9\u679c\u800c\u975e\u82f1\u7279\u5c14\u503e\u659c\u3002\u5176\u6b21\uff0c\u82f1\u7279\u5c14\u4ecd\u9700\u5728\u8fd0\u8425\u4e0a\u4ea4\u51fa\u7b54\u5377\u3002\u53d1\u5e03\u4e00\u4e2a\u6709\u524d\u666f\u7684\u8282\u70b9\u5e76\u4e0d\u7b49\u540c\u4e8e\u826f\u7387\u3001\u4ea7\u91cf\u6216\u5ba2\u6237\u4fe1\u4efb\u3002\u7b2c\u4e09\uff0c\u7531\u4e8e\u76c8\u5229\u57fa\u7840\u4f9d\u7136\u8584\u5f31\uff0c\u6eda\u52a8\u4f30\u503c\u4f9d\u7136\u96be\u770b\u3002\u8fd9\u610f\u5473\u7740\u5373\u4f7f\u53cd\u8f6c\u6545\u4e8b\u542c\u8d77\u6765\u4ee4\u4eba\u5174\u594b\uff0c\u8be5\u80a1\u5728\u89c6\u89c9\u4e0a\u53ef\u80fd\u4f9d\u7136\u663e\u5f97\u6602\u8d35\u3002\u5982\u679c\u4ee3\u5de5\u53d9\u4e8b\u505c\u6ede\u4e0d\u524d\uff0c\u6295\u8d44\u8005\u53ef\u80fd\u4f1a\u53d1\u73b0\u4ed6\u4eec\u4e3a\u4ece\u672a\u5151\u73b0\u7684\u671f\u6743\u652f\u4ed8\u4e86\u6ea2\u4ef7\u3002       <\/p>\n\n<p>\u8fd9\u5c31\u662f\u4e3a\u4ec0\u4e48\u5bf9\u6bd4\u53c2\u7167\u7ec4\u5f88\u91cd\u8981\u3002\u82f9\u679c\u5e76\u4e0d\u662f\u56e0\u4e3a\u8fd9\u4e2a\u5934\u6761\u65b0\u95fb\u800c\u503c\u5f97\u4e70\u5165\u7684\u80a1\u7968\uff1b\u5b83\u662f\u5360\u636e\u4e3b\u52a8\u6743\u7684\u5ba2\u6237\u3002\u65e0\u8bba\u4f7f\u7528\u54ea\u5bb6\u5236\u9020\u5408\u4f5c\u4f19\u4f34\uff0c\u5176\u89c4\u6a21\u3001\u8d44\u4ea7\u8d1f\u503a\u8868\u548c\u4ea7\u54c1\u751f\u6001\u7cfb\u7edf\u90fd\u8d4b\u4e88\u4e86\u5b83\u7075\u6d3b\u6027\u3002\u53f0\u79ef\u7535\u4f9d\u7136\u662f\u6267\u884c\u529b\u7684\u91d1\u6807\u51c6\uff0c\u7406\u5e94\u83b7\u5f97\u6ea2\u4ef7\u500d\u6570\uff0c\u4f46\u9664\u975e\u6295\u8d44\u8005\u76f8\u4fe1\u65b0\u4e00\u8f6e\u9700\u6c42\u52a0\u901f\u5373\u5c06\u5230\u6765\uff0c\u5426\u5219\u8fd9\u79cd\u6ea2\u4ef7\u4e5f\u9650\u5236\u4e86\u4e0a\u884c\u60ca\u559c\u3002\u683c\u82af\u662f\u66f4\u7eaf\u7cb9\u7684\u7f8e\u56fd\u672c\u571f\u4ee3\u5de5\u53c2\u7167\u6807\u7684\uff0c\u4f46\u5b83\u7f3a\u4e4f\u82f1\u7279\u5c14\u7684\u653f\u6cbb\u6760\u6746\u548c\u5934\u6761\u671f\u6743\u4ef7\u503c\u3002\u82f1\u7279\u5c14\u5904\u4e8e\u4e2d\u95f4\u4f4d\u7f6e\uff1a\u8fd0\u8425\u98ce\u9669\u9ad8\u4e8e\u9886\u519b\u4f01\u4e1a\uff0c\u4f46\u5982\u679c\u4ee3\u5de5\u8bba\u70b9\u5f00\u59cb\u594f\u6548\uff0c\u5b83\u5c06\u62e5\u6709\u66f4\u5927\u7684\u4f30\u503c\u91cd\u5851\u52a8\u529b\u3002     <\/p>\n\n<p>\u4e0b\u65b9\u7684\u8bc4\u5b9a\u8868\u53cd\u6620\u4e86\u8fd9\u79cd\u4e0d\u5bf9\u79f0\u6027\u3002<\/p>\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>\u80a1\u7968\u4ee3\u7801<\/td><td>\u516c\u53f8<\/td><td>\u8bc4\u7ea7<\/td><td>\u76ee\u6807\u4ef7<\/td><td>\u7406\u7531<\/td><\/tr><tr><td>INTC<\/td><td>\u82f1\u7279\u5c14<\/td><td>\u4e70\u5165<\/td><td>$180<\/td><td>\u82f9\u679c\u7684\u5934\u6761\u65b0\u95fb\u300118A-P 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<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5f53\u4e00\u5bb6\u516c\u53f8\u7684\u53cd\u8f6c\u4e0d\u518d\u4ec5\u4ec5\u4f9d\u8d56\u4e8e\u7ba1\u7406\u5c42\u7684\u6f14&hellip;<\/p>\n","protected":false},"author":5,"featured_media":867,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":["post-866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u82f9\u679c\u516c\u53f8\u53ef\u80fd\u4e3a\u82f1\u7279\u5c14\u63d0\u4f9b\u4e86\u9996\u4e2a\u53ef\u4fe1\u7684\u4ee3\u5de5\u53d9\u4e8b - Equities Orbis<\/title>\n<meta name=\"description\" content=\"Global equity research and stock analysis. 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