{"id":904,"date":"2026-06-23T14:14:52","date_gmt":"2026-06-23T14:14:52","guid":{"rendered":"https:\/\/equitiesorbis.com\/%e7%a2%b3%e5%8c%96%e7%a1%85%e7%86%94%e7%82%89%ef%bc%9a%e5%ae%89%e6%a3%ae%e7%be%8e%e5%8d%8a%e5%af%bc%e4%bd%93%e7%9a%84%e6%99%ba%e8%83%bd%e8%bd%ac%e5%9e%8b\/"},"modified":"2026-06-23T14:15:33","modified_gmt":"2026-06-23T14:15:33","slug":"%e7%a2%b3%e5%8c%96%e7%a1%85%e7%86%94%e7%82%89%ef%bc%9a%e5%ae%89%e6%a3%ae%e7%be%8e%e5%8d%8a%e5%af%bc%e4%bd%93%e7%9a%84%e6%99%ba%e8%83%bd%e8%bd%ac%e5%9e%8b","status":"publish","type":"post","link":"https:\/\/equitiesorbis.com\/zh-hans\/%e7%a2%b3%e5%8c%96%e7%a1%85%e7%86%94%e7%82%89%ef%bc%9a%e5%ae%89%e6%a3%ae%e7%be%8e%e5%8d%8a%e5%af%bc%e4%bd%93%e7%9a%84%e6%99%ba%e8%83%bd%e8%bd%ac%e5%9e%8b\/","title":{"rendered":"\u78b3\u5316\u7845\u7194\u7089\uff1a\u5b89\u68ee\u7f8e\u534a\u5bfc\u4f53\u7684\u667a\u80fd\u8f6c\u578b"},"content":{"rendered":"\n<p>\u56f4\u7ed5\u534a\u5bfc\u4f53\u884c\u4e1a\u7684\u53d9\u4e8b\u5df2\u53d8\u5f97\u5371\u9669\u5730\u5355\u4e00\uff0c\u8fc7\u5ea6\u75f4\u8ff7\u4e8e\u5904\u7406\u4eba\u5de5\u667a\u80fd\u7684\u6570\u5b57\u67b6\u6784\u3002\u7136\u800c\uff0c\u8ba1\u7b97\u7684\u7269\u7406\u73b0\u5b9e\u2014\u2014\u5373\u5bf9\u9ad8\u6548\u7535\u529b\u8f93\u9001\u7684\u5927\u89c4\u6a21\u3001\u6301\u7eed\u6027\u9700\u6c42\u2014\u2014\u5728\u66f4\u5e7f\u6cdb\u7684\u5e02\u573a\u4e2d\u957f\u671f\u88ab\u4f4e\u4f30\u3002<a href=\"https:\/\/www.onsemi.com\/\">\u5b89\u68ee\u7f8e\u534a\u5bfc\u4f53<\/a> (NASDAQ: ON)\uff08\u4ee5\u201consemi\u201d\u54c1\u724c\u8fd0\u8425\uff09\u6b63\u5904\u4e8e\u667a\u80fd\u611f\u77e5\u4e0e\u667a\u80fd\u7535\u6e90\u7684\u4ea4\u6c47\u70b9\u3002\u968f\u7740\u6c7d\u8f66\u884c\u4e1a\u7ecf\u5386\u590d\u6742\u7684\u8f6c\u578b\uff0c\u4ee5\u53ca AI \u6570\u636e\u4e2d\u5fc3\u6d88\u8017\u524d\u6240\u672a\u6709\u7684\u7535\u91cf\uff0c\u5b89\u68ee\u7f8e\u5411\u9ad8\u5229\u6da6\u3001\u5bbd\u7981\u5e26\u6750\u6599\u7684\u6218\u7565\u8f6c\u578b\u5448\u73b0\u51fa\u4e00\u4e2a\u5f15\u4eba\u6ce8\u76ee\u4f46\u6ce2\u52a8\u8f83\u5927\u7684\u6295\u8d44\u903b\u8f91\u3002\u622a\u81f3 2026 \u5e74 6 \u6708 23 \u65e5\uff0c\u8be5\u80a1\u53d7\u884c\u4e1a\u8303\u56f4\u5185\u7684\u5267\u70c8\u4e0b\u884c\u5f71\u54cd\uff0c\u4ea4\u6613\u4ef7\u683c\u4e3a $121.56\u3002\u5bf9\u4e8e\u7cbe\u660e\u7684\u8d44\u672c\u5206\u914d\u8005\u800c\u8a00\uff0c\u8fd9\u79cd\u6ce2\u52a8\u5e76\u975e\u963b\u788d\uff0c\u800c\u662f\u4e00\u79cd\u9080\u8bf7\u3002    <\/p>\n\n<p>\u5b89\u68ee\u7f8e\u534a\u5bfc\u4f53\u5df2\u4e0d\u518d\u662f\u5341\u5e74\u524d\u90a3\u79cd\u5546\u54c1\u5316\u7684\u6807\u51c6\u4ea7\u54c1\u4f9b\u5e94\u5546\u3002\u5728\u9996\u5e2d\u6267\u884c\u5b98 Hassane El-Khoury \u7684\u9886\u5bfc\u4e0b\uff0c\u516c\u53f8\u6267\u884c\u4e86\u679c\u65ad\u7684\u4e1a\u52a1\u5265\u79bb\uff0c\u524a\u51cf\u4e86\u4f4e\u5229\u6da6\u4e1a\u52a1\uff0c\u8f6c\u800c\u4e13\u6ce8\u4e8e\u6c7d\u8f66\u548c\u5de5\u4e1a\u7ec8\u7aef\u5e02\u573a\u3002\u8fd9\u4e00\u8f6c\u578b\u7684\u6838\u5fc3\u8d44\u4ea7\u662f\u5176\u78b3\u5316\u7845 (SiC) \u4e1a\u52a1\u3002\u5c3d\u7ba1\u5e7f\u53d7\u5173\u6ce8\u7684\u7535\u52a8\u6c7d\u8f66 (EV) \u5e02\u573a\u589e\u901f\u653e\u7f13\uff0c\u4f46\u5b89\u68ee\u7f8e\u7684\u6280\u672f\u5dee\u5f02\u5316\u4f9d\u7136\u663e\u8457\u3002\u5728\u6700\u8fd1\u7684 2026 \u5e74\u5317\u4eac\u8f66\u5c55\u4e0a\uff0c\u5b89\u68ee\u7f8e\u7684 SiC \u89e3\u51b3\u65b9\u6848\u5728\u7ea6 55% \u7684\u65b0\u7535\u52a8\u6c7d\u8f66\u8f66\u578b\u4e2d\u5f97\u5230\u5e94\u7528\uff0c\u6df1\u5ea6\u6e17\u900f\u5230\u5168\u7403 OEM \u7684\u4e0b\u4e00\u4ee3 900V \u5e73\u53f0\u3002\u6b64\u5916\uff0cTreo \u6a21\u62df\u548c\u6df7\u5408\u4fe1\u53f7\u5e73\u53f0\uff08\u96c6\u6210\u4e86 30 \u591a\u4e2a\u7528\u4e8e\u8f66\u8f7d\u533a\u57df\u8fde\u63a5\u7684\u5668\u4ef6\uff09\u4ee5\u53ca GaNEXUS \u7535\u6e90\u4ea7\u54c1\u7ec4\u5408\u7684\u63a8\u51fa\uff0c\u5de9\u56fa\u4e86\u5b89\u68ee\u7f8e\u4f5c\u4e3a\u7efc\u5408\u7cfb\u7edf\u4f9b\u5e94\u5546\u800c\u975e\u5355\u7eaf\u7ec4\u4ef6\u4f9b\u5e94\u5546\u7684\u5730\u4f4d\u3002     <\/p>\n\n<h1 class=\"wp-block-heading\">\u4f30\u503c\u6307\u6807\uff1a\u89e3\u8bfb\u500d\u6570<\/h1>\n\n<p>\u4ee5\u76ee\u524d $121.56 \u7684\u4ef7\u683c\u8ba1\u7b97\uff0c\u5b89\u68ee\u7f8e\u534a\u5bfc\u4f53\u7684\u5e02\u503c\u4e3a 476 \u4ebf\u7f8e\u5143\u3002\u8be5\u80a1\u7684\u4f30\u503c\u6307\u6807\u63cf\u7ed8\u4e86\u4e00\u5bb6\u6b63\u4ece\u5468\u671f\u6027\u5de5\u4e1a\u4f01\u4e1a\u5411\u957f\u671f\u589e\u957f\u590d\u5408\u578b\u4f01\u4e1a\u8f6c\u578b\u7684\u516c\u53f8\u5f62\u8c61\u3002 <\/p>\n\n<p>\u5176\u6eda\u52a8\u5e02\u76c8\u7387 (P\/E) \u5904\u4e8e 93.1 \u500d\u7684\u9ad8\u4f4d\uff0c\u8fd9\u4e3b\u8981\u53d7\u5230\u8fd1\u671f\u5de5\u4e1a\u9700\u6c42\u5468\u671f\u6027\u4f4e\u8c37\u4ee5\u53ca\u4e3b\u52a8\u9000\u51fa\u975e\u6838\u5fc3\u8425\u6536\u6d41\u7684\u5f71\u54cd\uff0c\u5bfc\u81f4 2025 \u8d22\u5e74\u8425\u6536\u4e0b\u964d 15% \u81f3 60 \u4ebf\u7f8e\u5143\u3002\u7136\u800c\uff0c38.9 \u500d\u7684\u8fdc\u671f\u5e02\u76c8\u7387\u66f4\u6e05\u6670\u5730\u5c55\u793a\u4e86\u968f\u7740 SiC \u4ea7\u80fd\u89c4\u6a21\u6269\u5927\u548c\u6bdb\u5229\u7387\u7a33\u5b9a\u5728 40% \u4ee5\u4e0a\uff0c\u516c\u53f8\u7684\u5e38\u6001\u5316\u76c8\u5229\u80fd\u529b\u3002\u4f01\u4e1a\u4ef7\u503c\u500d\u6570 (EV\/EBITDA) \u76ee\u524d\u4e3a 34.1 \u500d\u3002\u867d\u7136\u4ece\u89c6\u89c9\u4e0a\u770b\u8f83\u9ad8\uff0c\u4f46\u5fc5\u987b\u7ed3\u5408\u5b89\u68ee\u7f8e\u4ec5\u4e3a 0.44 \u7684 5 \u5e74\u9884\u671f PEG \u6bd4\u7387\u6765\u770b\u3002PEG \u6bd4\u7387\u4f4e\u4e8e 1.0 \u901a\u5e38\u8868\u660e\u80a1\u7968\u76f8\u5bf9\u4e8e\u5176\u9884\u671f\u76c8\u5229\u589e\u957f\u88ab\u4f4e\u4f30\u3002\u5e02\u573a\u76ee\u524d\u6839\u636e\u7535\u52a8\u6c7d\u8f66\u5e02\u573a\u7684\u4f4e\u8ff7\u5bf9\u5b89\u68ee\u7f8e\u8fdb\u884c\u5b9a\u4ef7\uff0c\u4e25\u91cd\u4f4e\u4f30\u4e86\u5176\u5782\u76f4\u6574\u5408\u7684 SiC \u4f9b\u5e94\u94fe\u4e2d\u8574\u542b\u7684\u5de8\u5927\u7ecf\u8425\u6760\u6746\uff0c\u4ee5\u53ca\u5728 2026 \u5e74\u7b2c\u4e00\u5b63\u5ea6\u589e\u957f 30% \u7684\u65b0\u5174 AI \u6570\u636e\u4e2d\u5fc3\u7535\u6e90\u4e1a\u52a1\u3002     <\/p>\n\n<p>\u5206\u6790\u5e08\u7684\u4e00\u81f4\u76ee\u6807\u4ef7\u4e3a $106.54\uff0c\u610f\u5473\u7740 12% \u7684\u4e0b\u884c\u7a7a\u95f4\u3002\u7136\u800c\uff0c\u9876\u7ea7\u673a\u6784\u6b63\u5728\u610f\u8bc6\u5230\u62d0\u70b9\u7684\u5230\u6765\u3002\u745e\u7a57\u6700\u8fd1\u5c06\u76ee\u6807\u4ef7\u4e0a\u8c03\u81f3 $150\uff0c\u5bcc\u56fd\u94f6\u884c\u4e0a\u8c03\u81f3 $140\uff0c\u7f8e\u94f6\u4e0a\u8c03\u81f3 $138\uff0c\u7406\u7531\u5747\u662f\u201c\u7269\u7406 AI\u201d\u7684\u5174\u8d77\u4ee5\u53ca\u5b89\u68ee\u7f8e\u5728\u6570\u636e\u4e2d\u5fc3\u7535\u529b\u8f93\u9001\u4e2d\u7684\u5173\u952e\u89d2\u8272\u3002  <\/p>\n\n<h1 class=\"wp-block-heading\">\u5168\u7403\u540c\u884c\u5bf9\u6bd4\uff1a\u7535\u6e90\u4e0e\u5c01\u88c5<\/h1>\n\n<p>\u4e3a\u4e86\u6df1\u5165\u4e86\u89e3\u5b89\u68ee\u7f8e\u534a\u5bfc\u4f53\u7684\u4f30\u503c\u548c\u5b9a\u4f4d\uff0c\u6211\u4eec\u5fc5\u987b\u5ba1\u89c6\u5168\u7403\u683c\u5c40\uff0c\u7279\u522b\u662f\u4e3b\u5bfc\u66f4\u5e7f\u6cdb\u534a\u5bfc\u4f53\u4f9b\u5e94\u94fe\u7684\u4e9a\u6d32\u5de8\u5934\u3002<\/p>\n\n<p>\u5728\u5b89\u68ee\u7f8e\u4e13\u6ce8\u4e8e\u7535\u6e90\u548c\u611f\u77e5\u7684\u8fc7\u7a0b\u4e2d\uff0c\u6570\u5b57\u9886\u57df\u7684\u91cd\u4efb\u7531\u4ee3\u5de5\u5382\u548c\u5b58\u50a8\u5668\u5236\u9020\u5546\u627f\u62c5\u3002<a href=\"https:\/\/www.tsmc.com\/\">\u53f0\u79ef\u7535<\/a> (NYSE: TSM) \u4f5c\u4e3a\u5168\u7403\u8ba1\u7b97\u7684\u57fa\u77f3\uff0c\u80a1\u4ef7\u4e3a $445\uff0c\u8fdc\u671f\u5e02\u76c8\u7387\u4e3a 23.8 \u500d\uff0cEV\/EBITDA \u4e3a 21 \u500d\u3002\u53f0\u79ef\u7535\u7684\u89c4\u6a21\u65e0\u4e0e\u4f26\u6bd4\uff0c\u4f46\u5176\u8fd0\u8425\u6a21\u5f0f\u5728\u8d44\u672c\u5bc6\u96c6\u5ea6\u8303\u5f0f\u4e0a\u4e0e\u5b89\u68ee\u7f8e\u6839\u672c\u4e0d\u540c\u3002\u5728\u5b58\u50a8\u5668\u9886\u57df\uff0c\u97e9\u56fd\u5de8\u5934\u6b63\u7ecf\u5386\u6781\u7aef\u6ce2\u52a8\u3002<a href=\"https:\/\/www.skhynix.com\/\">SK \u6d77\u529b\u58eb<\/a> (KRX: 000660) \u80a1\u4ef7\u4e3a \u20a92.56M\uff0c\u8fdc\u671f\u5e02\u76c8\u7387\u4e3a 6.7 \u500d\uff0c\u5c3d\u7ba1\u5176\u5728 HBM4E \u5b58\u50a8\u5668\u9886\u57df\u5360\u636e\u4e3b\u5bfc\u5730\u4f4d\uff0c\u4f46\u4eca\u65e5\u4ecd\u66b4\u8dcc 12.5%\u3002<a href=\"https:\/\/www.samsung.com\/\">\u4e09\u661f\u7535\u5b50<\/a> (KRX: 005930) \u80a1\u4ef7\u7ea6\u4e3a \u20a9354k\uff0c\u8fdc\u671f\u5e02\u76c8\u7387\u63a5\u8fd1 7 \u500d\uff0c\u7ee7\u7eed\u5728 AI \u5b58\u50a8\u5668\u5e02\u573a\u4efd\u989d\u4e2d\u594b\u6218\u3002  <\/p>\n\n<p>\u5728\u65e0\u6676\u5706\u5382\u548c\u5c01\u88c5\u9886\u57df\uff0c\u53f0\u6e7e\u7684<a href=\"https:\/\/www.mediatek.com\/\">\u8054\u53d1\u79d1<\/a> (TPE: 2454) \u51ed\u501f\u4e0e\u8c37\u6b4c TPU v9 \u7684\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\uff0c\u80a1\u4ef7\u8fbe\u5230 TWD 4,535\uff08\u8fdc\u671f\u5e02\u76c8\u7387 58.3 \u500d\uff09\uff1b\u800c<a href=\"https:\/\/www.aseglobal.com\/\">\u65e5\u6708\u5149\u534a\u5bfc\u4f53<\/a> (NYSE: ASX) \u4f5c\u4e3a\u5148\u8fdb\u5c01\u88c5\u7684\u4e3b\u5bfc\u529b\u91cf\uff0c\u80a1\u4ef7\u4e3a $40.34\uff08\u8fdc\u671f\u5e02\u76c8\u7387 34.8 \u500d\uff09\u3002<\/p>\n\n<p>\u7136\u800c\uff0c\u5b89\u68ee\u7f8e\u6700\u76f4\u63a5\u7684\u53c2\u7167\u5bf9\u8c61\u662f\u65e5\u672c\u548c\u6b27\u6d32\u7684\u7535\u6e90\u53ca\u5fae\u63a7\u5236\u5668\u4e13\u5bb6\u3002<a href=\"https:\/\/www.infineon.com\/\">\u82f1\u98de\u51cc\u79d1\u6280<\/a> (ETR: IFX) \u662f\u5168\u7403\u6c7d\u8f66\u7535\u6e90\u9886\u57df\u7684\u9886\u5bfc\u8005\uff0c\u80a1\u4ef7\u4e3a \u20ac80.99\uff0c\u8fdc\u671f\u5e02\u76c8\u7387\u4e3a 39.1 \u500d\uff0cEV\/EBITDA \u4e3a 30.7 \u500d\u3002\u82f1\u98de\u51cc\u8fd1\u671f\u52a0\u5165 NVIDIA MGX \u751f\u6001\u7cfb\u7edf\uff0c\u51f8\u663e\u4e86\u5b89\u68ee\u7f8e\u540c\u6837\u5728\u8ffd\u6c42\u7684 AI \u7535\u6e90\u903b\u8f91\u3002<a href=\"https:\/\/www.st.com\/\">\u610f\u6cd5\u534a\u5bfc\u4f53<\/a> (NYSE: STM) \u80a1\u4ef7\u4e3a $73.59\uff0c\u8fdc\u671f\u5e02\u76c8\u7387\u4e3a 47.8 \u500d\uff0cEV\/EBITDA \u4e3a 29.8 \u500d\uff0c\u8fd1\u671f\u5c06\u5176 2026 \u5e74\u6570\u636e\u4e2d\u5fc3\u8425\u6536\u9884\u6d4b\u7ffb\u500d\u81f3 10 \u4ebf\u7f8e\u5143\u3002 <\/p>\n\n<p>\u5728\u65e5\u672c\uff0c<a href=\"https:\/\/www.renesas.com\/\">\u745e\u8428\u7535\u5b50<\/a> (TYO: 6723) \u80a1\u4ef7\u4e3a \u00a54,754\uff08\u8fdc\u671f\u5e02\u76c8\u7387 25.6 \u500d\uff09\uff0c\u4f46\u5728\u6536\u8d2d\u540e\u6b63\u9762\u4e34\u76c8\u5229\u80fd\u529b\u6323\u624e\u3002<a href=\"https:\/\/www.rohm.com\/\">\u7f57\u59c6\u534a\u5bfc\u4f53<\/a> (TYO: 6963) \u662f\u5b89\u68ee\u7f8e\u7684 SiC \u76f4\u63a5\u7ade\u4e89\u5bf9\u624b\uff0c\u80a1\u4ef7\u4e3a \u00a55,444\uff08\u8fdc\u671f\u5e02\u76c8\u7387 63.4 \u500d\uff09\uff0c\u76ee\u524d\u6b63\u9762\u4e34\u73b0\u91d1\u6d41\u5931\u548c\u6536\u8d2d\u8981\u7ea6\u3002<a href=\"https:\/\/www.tel.com\/\">\u4e1c\u4eac\u7535\u5b50<\/a> (TYO: 8035) \u4e3a\u6240\u6709\u8fd9\u4e9b\u5382\u5546\u63d0\u4f9b\u8bbe\u5907\uff0c\u80a1\u4ef7\u4e3a \u00a572,960\uff08\u8fdc\u671f\u5e02\u76c8\u7387 46.5 \u500d\uff09\u3002<\/p>\n\n<p>\u5b89\u68ee\u7f8e\u534a\u5bfc\u4f53\u7684\u72ec\u7279\u4e4b\u5904\u5728\u4e8e\u5176\u5bf9\u5229\u6da6\u7387\u7684\u6267\u7740\u8ffd\u6c42\u4ee5\u53ca\u5185\u90e8 SiC \u886c\u5e95\u80fd\u529b\uff0c\u8fd9\u4f7f\u5176\u80fd\u591f\u514d\u53d7\u56f0\u6270\u540c\u884c\u7684\u4f9b\u5e94\u94fe\u51b2\u51fb\u3002<\/p>\n\n<h1 class=\"wp-block-heading\">\u770b\u6da8\u4e0e\u770b\u8dcc\u60c5\u51b5<\/h1>\n\n<p><strong>\u770b\u6da8\u60c5\u51b5\uff1a<\/strong> \u5b89\u68ee\u7f8e\u7684\u6295\u8d44\u903b\u8f91\u6709\u4e24\u4e2a\u65b9\u9762\u3002\u9996\u5148\uff0c\u201c\u7269\u7406 AI\u201d\u53d9\u4e8b\u662f\u771f\u5b9e\u7684\u3002\u968f\u7740\u6570\u636e\u4e2d\u5fc3\u5347\u7ea7\u4ee5\u5904\u7406\u5927\u89c4\u6a21 AI \u5de5\u4f5c\u8d1f\u8f7d\uff0c\u5bf9\u9ad8\u6548\u7535\u6e90\u7ba1\u7406\uff08\u7279\u522b\u662f SiC \u548c GaN\uff09\u7684\u9700\u6c42\u6b63\u5728\u7206\u53d1\u3002\u5b89\u68ee\u7f8e\u5728\u8be5\u7ec6\u5206\u5e02\u573a 30% \u7684\u589e\u957f\u4ec5\u4ec5\u662f\u4e2a\u5f00\u59cb\u3002\u5176\u6b21\uff0c\u7535\u52a8\u6c7d\u8f66\u8f6c\u578b\u867d\u7136\u8fc7\u7a0b\u66f2\u6298\uff0c\u4f46\u8d8b\u52bf\u662f\u957f\u671f\u7684\u3002\u5b89\u68ee\u7f8e\u5728 900V \u5e73\u53f0\u4e2d\u5360\u636e\u7684\u4e3b\u5bfc\u8bbe\u8ba1\u4e2d\u6807\u4efd\u989d\u786e\u4fdd\u4e86\u968f\u7740\u7535\u52a8\u6c7d\u8f66\u4ea7\u91cf\u7684\u5fc5\u7136\u6269\u5927\uff0c\u5b89\u68ee\u7f8e\u5c06\u83b7\u5f97\u4e0d\u6210\u6bd4\u4f8b\u7684\u5355\u8f66\u4ef7\u503c\u30020.44 \u7684 PEG \u6bd4\u7387\u8868\u660e\u5e02\u573a\u6781\u5927\u5730\u4f4e\u4f30\u4e86\u8fd9\u4e00\u76c8\u5229\u8f68\u8ff9\u3002      <\/p>\n\n<p><strong>\u770b\u8dcc\u60c5\u51b5\uff1a<\/strong> \u4e3b\u8981\u98ce\u9669\u662f\u6c7d\u8f66\u884c\u4e1a\u7684\u957f\u671f\u5bd2\u51ac\u3002\u5982\u679c\u4ece\u5185\u71c3\u673a\u5411\u7535\u52a8\u6c7d\u8f66\u7684\u8f6c\u578b\u663e\u8457\u505c\u6ede\uff0c\u5b89\u68ee\u7f8e\u5728 SiC \u4ea7\u80fd\u4e0a\u7684\u5de8\u989d\u6295\u8d44\uff08\u5982\u5176\u97e9\u56fd\u5bcc\u5ddd\u5de5\u5382\u7684\u6269\u5efa\uff09\u53ef\u80fd\u4f1a\u6210\u4e3a\u62d6\u7d2f\u5229\u6da6\u7387\u7684\u6c89\u91cd\u8d1f\u62c5\u3002\u6b64\u5916\uff0c\u968f\u7740\u610f\u6cd5\u534a\u5bfc\u4f53\u3001\u82f1\u98de\u51cc\u4ee5\u53ca\u53d7\u8865\u8d34\u7684\u4e2d\u56fd\u5382\u5546\u5728 2027 \u5e74\u5411\u5e02\u573a\u6295\u653e\u5927\u91cf\u4ea7\u80fd\uff0cSiC \u5668\u4ef6\u7684\u4ef7\u683c\u73af\u5883\u53ef\u80fd\u4f1a\u6076\u5316\u3002  <\/p>\n\n<h1 class=\"wp-block-heading\">\u5173\u952e\u50ac\u5316\u5242<\/h1>\n\n<ol class=\"wp-block-list\">\n<li><strong>AI \u6570\u636e\u4e2d\u5fc3\u8425\u6536\uff1a<\/strong> \u7531 AI \u7535\u6e90\u89e3\u51b3\u65b9\u6848\u9a71\u52a8\u7684\u5de5\u4e1a\u7ec6\u5206\u5e02\u573a\u6301\u7eed\u8d85\u51fa\u5b63\u5ea6\u9884\u671f\u3002<\/li>\n\n\n\n<li><strong>SiC \u5229\u6da6\u7387\u6269\u5f20\uff1a<\/strong> \u8bc1\u660e\u5782\u76f4\u6574\u5408\u7684 SiC \u6a21\u578b\u6b63\u63a8\u52a8\u6bdb\u5229\u7387\u6301\u7eed\u7a33\u5b9a\u5728 40% \u7684\u95e8\u69db\u4e4b\u4e0a\u3002<\/li>\n\n\n\n<li><strong>Treo \u5e73\u53f0\u91c7\u7528\uff1a<\/strong> \u65b0\u578b Treo \u6a21\u62df\u5e73\u53f0\u83b7\u5f97\u5e7f\u6cdb\u7684\u8bbe\u8ba1\u4e2d\u6807\uff0c\u8bc1\u660e\u5b89\u68ee\u7f8e\u80fd\u591f\u9500\u552e\u9ad8\u5229\u6da6\u7684\u96c6\u6210\u7cfb\u7edf\uff0c\u800c\u975e\u4ec5\u4ec5\u662f\u5206\u7acb\u7ec4\u4ef6\u3002<\/li>\n<\/ol>\n\n<h1 class=\"wp-block-heading\">\u7ed3\u8bba<\/h1>\n\n<p>\u5b89\u68ee\u7f8e\u534a\u5bfc\u4f53\u5c31\u50cf\u4e00\u4e2a\u538b\u7f29\u7684\u5f39\u7c27\u3002\u5e02\u573a\u5bf9\u7535\u52a8\u6c7d\u8f66\u589e\u901f\u653e\u7f13\u7684\u8fd1\u89c6\uff0c\u63a9\u76d6\u4e86\u8be5\u516c\u53f8\u5df2\u8f6c\u578b\u4e3a\u667a\u80fd\u7535\u6e90\u9886\u57df\u76c8\u5229\u4e30\u539a\u3001\u6280\u672f\u9886\u5148\u7684\u9886\u5bfc\u8005\u8fd9\u4e00\u4e8b\u5b9e\u3002 <\/p>\n\n<p><strong>\u5b89\u68ee\u7f8e\u534a\u5bfc\u4f53 (ON)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1a$145.00\u3002 <\/p>\n\n<p><strong>\u5168\u7403\u540c\u884c\u8bc4\u7ea7\uff1a<\/strong><\/p>\n\n<ul class=\"wp-block-list\">\n<li>  <strong>\u82f1\u98de\u51cc\u79d1\u6280 (IFX \/ IFNNY)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1a\u20ac105.00\u3002\uff08\u65e0\u53ef\u4e89\u8bae\u7684\u7535\u6e90\u534a\u5bfc\u4f53\u4e4b\u738b\uff09\u3002  <\/li>\n\n\n\n<li>  <strong>\u610f\u6cd5\u534a\u5bfc\u4f53 (STM)\uff1a<\/strong> \u6301\u6709\u3002\u76ee\u6807\u4ef7\uff1a$75.00\u3002\uff08\u96c4\u5fc3\u52c3\u52c3\uff0c\u4f46\u6267\u884c\u529b\u4ecd\u4e0d\u4e00\u81f4\uff09\u3002  <\/li>\n\n\n\n<li>  <strong>\u53f0\u79ef\u7535 (TSM)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1a$520.00\u3002\uff08\u5168\u7403\u8ba1\u7b97\u7684\u57fa\u77f3\uff09\u3002  <\/li>\n\n\n\n<li>  <strong>\u4e09\u661f\u7535\u5b50 (005930)\uff1a<\/strong> \u6301\u6709\u3002\u76ee\u6807\u4ef7\uff1a\u20a9380,000\u3002\uff08\u9700\u8981\u8bc1\u660e\u5176\u80fd\u7f29\u5c0f HBM \u5dee\u8ddd\uff09\u3002  <\/li>\n\n\n\n<li>  <strong>SK \u6d77\u529b\u58eb (000660)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1a\u20a93,100,000\u3002\uff08HBM \u9886\u5bfc\u8005\uff1b\u4eca\u65e5\u7684\u56de\u8c03\u662f\u4e70\u5165\u673a\u4f1a\uff09\u3002  <\/li>\n\n\n\n<li>  <strong>\u8054\u53d1\u79d1 (2454)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1aTWD 5,000\u3002\uff08\u5b9a\u5236 AI \u82af\u7247\u52bf\u5934\u5f3a\u52b2\uff09\u3002  <\/li>\n\n\n\n<li>  <strong>\u65e5\u6708\u5149\u534a\u5bfc\u4f53 (ASX)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1a$48.00\u3002\uff08\u5148\u8fdb\u5c01\u88c5\u7684\u5173\u952e\u63a8\u52a8\u8005\uff09\u3002  <\/li>\n\n\n\n<li>  <strong>\u745e\u8428\u7535\u5b50 (6723)\uff1a<\/strong> \u6301\u6709\u3002\u76ee\u6807\u4ef7\uff1a\u00a55,000\u3002\uff08\u5e76\u8d2d\u6d88\u5316\u4e0d\u826f\u9700\u6301\u7eed\u89c2\u5bdf\uff09\u3002  <\/li>\n\n\n\n<li>  <strong>\u7f57\u59c6\u534a\u5bfc\u4f53 (6963)\uff1a<\/strong> \u6301\u6709\u3002\u76ee\u6807\u4ef7\uff1a\u00a55,600\u3002\uff08\u57fa\u672c\u9762\u75b2\u8f6f\uff1b\u80a1\u4ef7\u4ec5\u53d7\u5e76\u8d2d\u4f20\u95fb\u652f\u6491\uff09\u3002  <\/li>\n\n\n\n<li>  <strong>\u4e1c\u4eac\u7535\u5b50 (8035)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1a\u00a585,000\u3002\uff08\u6676\u5706\u5382\u8bbe\u5907\u8d85\u7ea7\u5468\u671f\u4e2d\u7684\u957f\u671f\u8d62\u5bb6\uff09\u3002  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