{"id":907,"date":"2026-06-23T14:16:28","date_gmt":"2026-06-23T14:16:28","guid":{"rendered":"https:\/\/equitiesorbis.com\/%e6%ac%a7%e6%b4%b2%e4%b9%8b%e8%b0%9c%ef%bc%9a%e6%84%8f%e6%b3%95%e5%8d%8a%e5%af%bc%e4%bd%93%e4%b8%8e%e6%95%b0%e6%8d%ae%e4%b8%ad%e5%bf%83%e9%9c%b8%e6%9d%83%e4%b9%8b%e4%ba%89\/"},"modified":"2026-06-23T14:17:25","modified_gmt":"2026-06-23T14:17:25","slug":"%e6%ac%a7%e6%b4%b2%e4%b9%8b%e8%b0%9c%ef%bc%9a%e6%84%8f%e6%b3%95%e5%8d%8a%e5%af%bc%e4%bd%93%e4%b8%8e%e6%95%b0%e6%8d%ae%e4%b8%ad%e5%bf%83%e9%9c%b8%e6%9d%83%e4%b9%8b%e4%ba%89","status":"publish","type":"post","link":"https:\/\/equitiesorbis.com\/zh-hans\/%e6%ac%a7%e6%b4%b2%e4%b9%8b%e8%b0%9c%ef%bc%9a%e6%84%8f%e6%b3%95%e5%8d%8a%e5%af%bc%e4%bd%93%e4%b8%8e%e6%95%b0%e6%8d%ae%e4%b8%ad%e5%bf%83%e9%9c%b8%e6%9d%83%e4%b9%8b%e4%ba%89\/","title":{"rendered":"\u6b27\u6d32\u4e4b\u8c1c\uff1a\u610f\u6cd5\u534a\u5bfc\u4f53\u4e0e\u6570\u636e\u4e2d\u5fc3\u9738\u6743\u4e4b\u4e89"},"content":{"rendered":"\n

\u5728\u5168\u7403\u534a\u5bfc\u4f53\u7684\u9ad8\u98ce\u9669\u535a\u5f08\u4e2d\uff0c\u5f88\u5c11\u6709\u516c\u53f8\u50cf \u610f\u6cd5\u534a\u5bfc\u4f53<\/a> (NYSE: STM) \u90a3\u6837\u5448\u73b0\u51fa\u5982\u6b64\u4ee4\u4eba\u8d39\u89e3\u7684\u4e24\u6781\u5206\u5316\u3002\u4f5c\u4e3a\u6b27\u6d32\u79d1\u6280\u751f\u6001\u7cfb\u7edf\u7684\u57fa\u77f3\uff0c\u610f\u6cd5\u534a\u5bfc\u4f53\uff08STM\uff09\u957f\u671f\u4ee5\u6765\u4e00\u76f4\u662f\u6c7d\u8f66\u5fae\u63a7\u5236\u5668\u548c\u5de5\u4e1a\u6a21\u62df\u7ec4\u4ef6\u7684\u4ee3\u540d\u8bcd\u3002\u7136\u800c\uff0c\u5728\u5176\u52a1\u5b9e\u7684\u5916\u8868\u4e4b\u4e0b\uff0c\u9690\u85cf\u7740\u593a\u53d6\u4eba\u5de5\u667a\u80fd\u9769\u547d\u9ad8\u5730\u7684\u96c4\u5fc3\u58ee\u5fd7\u3002\u622a\u81f3 2026 \u5e74 6 \u6708 23 \u65e5\uff0c\u5728\u6ce2\u53ca\u5168\u884c\u4e1a\u3001\u65e0\u4e00\u5e78\u514d\u7684\u60e8\u70c8\u6e05\u7b97\u4e2d\uff0c\u8be5\u80a1\u4ea4\u6613\u4ef7\u683c\u4e3a $73.59\uff0cSTM \u6b63\u5904\u4e8e\u5173\u952e\u65f6\u523b\u3002\u8fd9\u5bb6\u516c\u53f8\u6b63\u5728\u5c1d\u8bd5\u4e00\u9879\u9ad8\u96be\u5ea6\u52a8\u4f5c\uff1a\u91cd\u7ec4\u5176\u4f20\u7edf\u7684\u6b27\u6d32\u5236\u9020\u7248\u56fe\uff0c\u540c\u65f6\u5728\u5c16\u7aef\u7845\u5149\u5b50\u6280\u672f\u548c\u6570\u636e\u4e2d\u5fc3\u7535\u6e90\u8f93\u9001\u9886\u57df\u52a0\u500d\u4e0b\u6ce8\u3002 <\/p>\n\n

\u5e02\u573a\u5bf9 STM \u7684\u53cd\u5e94\u8868\u73b0\u51fa\u4e00\u79cd\u201c\u7cbe\u795e\u5206\u88c2\u201d\u7684\u72b6\u6001\u3002\u8be5\u80a1\u8fd1\u671f\u56e0\u5927\u5e45\u4e0a\u8c03\u6570\u636e\u4e2d\u5fc3\u8425\u6536\u9884\u6d4b\u800c\u98d9\u5347\uff0c\u4f46\u968f\u540e\u56e0\u53d1\u884c 15 \u4ebf\u7f8e\u5143\u53ef\u8f6c\u6362\u503a\u5238\u800c\u56de\u843d\u2014\u2014\u6b64\u4e3e\u4ee4\u62c5\u5fe7\u8d44\u672c\u5bc6\u96c6\u5ea6\u548c\u80a1\u6743\u7a00\u91ca\u7684\u6295\u8d44\u8005\u611f\u5230\u4e0d\u5b89\u3002\u6295\u8d44\u8005\u7684\u6838\u5fc3\u95ee\u9898\u5728\u4e8e\uff0cSTM \u662f\u5426\u771f\u7684\u6b63\u5728\u8f6c\u578b\u4e3a\u4eba\u5de5\u667a\u80fd\u57fa\u7840\u8bbe\u65bd\u5de8\u5934\uff0c\u6216\u8005\u5b83\u4ec5\u4ec5\u662f\u4e00\u4e2a\u8bd5\u56fe\u5f3a\u884c\u6302\u9760 AI \u53d9\u4e8b\u7684\u4f20\u7edf\u5de5\u4e1a\u5382\u5546\u3002 <\/p>\n\n

\u6700\u8fd1\u7684\u53d1\u5c55\u503e\u5411\u4e8e\u524d\u8005\u30022026 \u5e74 6 \u6708\u521d\uff0cSTM \u5c06 2026 \u5e74\u6570\u636e\u4e2d\u5fc3\u8425\u6536\u76ee\u6807\u7ffb\u500d\u81f3\u7ea6 10 \u4ebf\u7f8e\u5143<\/a>\uff0c\u4ee4\u534e\u5c14\u8857\u9707\u60ca\u3002\u8fd9\u5e76\u975e\u7a7a\u5934\u652f\u7968\uff1b\u5b83\u6e90\u4e8e\u5176 800 VDC \u7535\u6e90\u4ea7\u54c1\u7ec4\u5408\u83b7\u5f97\u7684\u5b9e\u8d28\u6027\u8bbe\u8ba1\u4e2d\u6807\uff08design wins\uff09\uff0c\u8be5\u4ea7\u54c1\u7ec4\u5408\u80fd\u591f\u6ee1\u8db3\u4e0b\u4e00\u4ee3 AI \u670d\u52a1\u5668\u673a\u67b6\u6240\u9700\u7684\u5de8\u5927\u7535\u529b\u8f93\u9001\u3002\u6b64\u5916\uff0cSTM \u6b63\u5728\u79ef\u6781\u6269\u5f20\u5176\u5728\u7845\u5149\u5b50\u9886\u57df\u7684\u7248\u56fe\u2014\u2014\u8fd9\u662f\u5728 GPU \u4e4b\u95f4\u4f20\u8f93\u6d77\u91cf\u6570\u636e\u96c6\u5fc5\u4e0d\u53ef\u5c11\u7684\u5149\u5b66\u4e92\u8fde\u6280\u672f\u2014\u2014\u5e76\u4e14\u6700\u8fd1\u9886\u6295\u4e86\u91cf\u5b50\u8ba1\u7b97\u521d\u521b\u516c\u53f8 Quobly \u7684 1.3 \u4ebf\u6b27\u5143 A \u8f6e\u878d\u8d44\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u8be5\u516c\u53f8\u6b63\u5728\u5bf9\u5176\u5168\u7403\u5236\u9020\u4e1a\u52a1\u8fdb\u884c\u75db\u82e6\u4f46\u5fc5\u8981\u7684\u91cd\u7ec4\uff0c\u5f3a\u5316\u6cd5\u56fd\u4f5c\u4e3a\u5176\u6570\u5b57\u4ea7\u54c1\u4e2d\u5fc3\u7684\u5730\u4f4d\uff0c\u4ee5\u4f18\u5316\u5176 300mm \u6676\u5706\u4ea7\u91cf\u3002 <\/p>\n\n

\u4f30\u503c\u6307\u6807\uff1a\u4e24\u79cd\u500d\u6570\u7684\u6545\u4e8b<\/h1>\n\n

\u5728 $73.59 \u7684\u4ef7\u4f4d\uff0c\u610f\u6cd5\u534a\u5bfc\u4f53\u7684\u5e02\u503c\u4e3a 706 \u4ebf\u7f8e\u5143\u3002\u5176\u4f30\u503c\u6307\u6807\u5728\u8fd1\u671f\u7684\u5468\u671f\u6027\u56f0\u5883\u4e0e\u9884\u671f\u7684\u672a\u6765\u6536\u76ca\u4e4b\u95f4\u5f62\u6210\u4e86\u9c9c\u660e\u5bf9\u6bd4\u3002 <\/p>\n\n

\u5176\u6eda\u52a8\u5e02\u76c8\u7387\uff08Trailing P\/E\uff09\u8fbe\u5230\u4e86\u5929\u6587\u6570\u5b57\u822c\u7684 480 \u500d\uff0c\u8fd9\u4e00\u6570\u636e\u56e0 2025 \u8d22\u5e74\u51c0\u5229\u6da6\u66b4\u8dcc 89%\uff08\u5f53\u65f6\u8425\u6536\u4e0b\u964d 11% \u81f3 118 \u4ebf\u7f8e\u5143\uff09\u800c\u5931\u771f\uff0c\u6beb\u65e0\u53c2\u8003\u610f\u4e49\u3002\u5de5\u4e1a\u548c\u6c7d\u8f66\u5e93\u5b58\u8c03\u6574\u5bf9 STM \u7684\u6253\u51fb\u5c24\u4e3a\u6c89\u91cd\u3002\u7136\u800c\uff0c\u5e02\u573a\u662f\u4e00\u4e2a\u524d\u77bb\u6027\u673a\u5236\u3002\u5176\u8fdc\u671f\u5e02\u76c8\u7387\uff08Forward P\/E\uff09\u4e3a 47.8 \u500d\uff0c\u53cd\u6620\u4e86\u6838\u5fc3\u5de5\u4e1a\u9700\u6c42\u7684\u9884\u671f\u53cd\u5f39\u4ee5\u53ca\u6570\u636e\u4e2d\u5fc3\u4e1a\u52a1\u7684\u5feb\u901f\u6269\u5f20\u3002 <\/p>\n\n

\u4f01\u4e1a\u4ef7\u503c\u500d\u6570\uff08EV\/EBITDA\uff09\u4e3a 29.8 \u500d\uff0c\u4f7f STM \u4e0e\u5176\u6b27\u6d32\u540c\u884c\u82f1\u98de\u51cc\uff0830.7 \u500d\uff09\u5904\u4e8e\u540c\u4e00\u6c34\u5e73\u3002\u6216\u8bb8\u6700\u5177\u5438\u5f15\u529b\u7684\u662f 0.58 \u7684 PEG \u6bd4\u7387\u3002\u4e0e\u5b89\u68ee\u7f8e\u534a\u5bfc\u4f53\uff08ON Semiconductor\uff09\u7c7b\u4f3c\uff0c\u8fdc\u4f4e\u4e8e 1.0 \u7684 PEG \u610f\u5473\u7740\u5e02\u573a\u4e25\u91cd\u4f4e\u4f30\u4e86 STM \u7684\u9884\u671f\u6536\u76ca\u589e\u957f\u7387\u3002\u5982\u679c\u8be5\u516c\u53f8\u80fd\u591f\u5b9e\u73b0 10 \u4ebf\u7f8e\u5143\u7684\u6570\u636e\u4e2d\u5fc3\u76ee\u6807\uff0c\u540c\u65f6\u7a33\u4f4f\u5176\u5728\u6c7d\u8f66 MCU \u5e02\u573a\u7684\u5730\u4f4d\uff0c\u90a3\u4e48\u5f53\u524d\u4ef7\u683c\u76f8\u8f83\u4e8e\u5185\u5728\u4ef7\u503c\u5b58\u5728\u663e\u8457\u6298\u4ef7\u3002 <\/p>\n\n

\u76ee\u524d\u5206\u6790\u5e08\u7684\u5171\u8bc6\u4ef7\u4e3a $64.36\uff0c\u610f\u5473\u7740\u6709 13% \u7684\u4e0b\u8dcc\u7a7a\u95f4\u3002\u7136\u800c\uff0c\u8fd9\u4e00\u5171\u8bc6\u5df2\u7ecf\u8fc7\u65f6\u3002\u5728\u4fee\u8ba2\u6570\u636e\u4e2d\u5fc3\u6307\u5f15\u540e\uff0c\u9876\u7ea7\u5206\u6790\u5e08\u7eb7\u7eb7\u6fc0\u8fdb\u4e0a\u8c03\u8be5\u80a1\u8bc4\u7ea7\u3002\u7f8e\u94f6\u8bc1\u5238\u5c06\u5176\u76ee\u6807\u4ef7\u4e0a\u8c03\u81f3 $100\uff0c\u745e\u7a57\u4e0a\u8c03\u81f3 $84\uff0c\u5fb7\u610f\u5fd7\u94f6\u884c\u4e0a\u8c03\u81f3 \u20ac75\uff0c\u7406\u7531\u5747\u662f\u8be5\u516c\u53f8\u5728 AI \u57fa\u7840\u8bbe\u65bd\u9886\u57df\u4e0d\u65ad\u6269\u5f20\u7684\u7248\u56fe\u3002 <\/p>\n\n

\u5168\u7403\u540c\u884c\u5bf9\u6bd4\uff1a\u6b27\u6d32\u51a0\u519b vs. \u4e9a\u6d32\u5148\u950b<\/h1>\n\n

\u4e3a\u4e86\u51c6\u786e\u8bc4\u4f30 STM \u7684\u524d\u666f\uff0c\u5fc5\u987b\u5c06\u5176\u7f6e\u4e8e\u66f4\u5e7f\u6cdb\u7684\u5168\u7403\u534a\u5bfc\u4f53\u683c\u5c40\u4e2d\u8fdb\u884c\u8861\u91cf\uff0c\u5c24\u5176\u662f\u4e0e\u4e9a\u6d32\u5de8\u5934\u5bf9\u6bd4\u3002<\/p>\n\n

AI \u70ed\u6f6e\u7684\u6570\u5b57\u57fa\u7840\u5efa\u7acb\u5728\u4e9a\u6d32\u3002\u53f0\u79ef\u7535<\/a> (NYSE: TSM) \u4ea4\u6613\u4ef7\u683c\u4e3a $445\uff08\u8fdc\u671f\u5e02\u76c8\u7387 23.8 \u500d\uff0cEV\/EBITDA 21 \u500d\uff09\uff0c\u4ecd\u662f\u5148\u8fdb\u903b\u8f91\u5236\u9020\u9886\u57df\u65e0\u53ef\u4e89\u8bae\u7684\u738b\u8005\u3002\u5728\u5b58\u50a8\u9886\u57df\uff0c\u6ce2\u52a8\u6027\u6781\u5927\u3002SK \u6d77\u529b\u58eb<\/a> (KRX: 000660) \u4ea4\u6613\u4ef7\u683c\u4e3a \u20a92.56M\uff08\u8fdc\u671f\u5e02\u76c8\u7387 6.7 \u500d\uff09\uff0c\u5c3d\u7ba1\u4eca\u65e5\u56e0\u5b8f\u89c2\u56e0\u7d20\u5bfc\u81f4 12.5% \u7684\u629b\u552e\uff0c\u4f46\u51ed\u501f\u5176\u5728 HBM4E \u9886\u57df\u7684\u7edf\u6cbb\u5730\u4f4d\uff0c\u8fd1\u671f\u5df2\u6210\u4e3a\u97e9\u56fd\u5e02\u503c\u6700\u9ad8\u7684\u516c\u53f8\u3002\u4e09\u661f\u7535\u5b50<\/a> (KRX: 005930) \u4ea4\u6613\u4ef7\u683c\u7ea6\u4e3a \u20a9354k\uff08\u8fdc\u671f\u5e02\u76c8\u7387\u7ea6 7 \u500d\uff09\uff0c\u6b63\u52aa\u529b\u593a\u56de\u5b58\u50a8\u9886\u57df\u7684\u9886\u5bfc\u5730\u4f4d\u3002 <\/p>\n\n

\u5728\u65e0\u6676\u5706\u5382\uff08Fabless\uff09\u548c\u5c01\u88c5\u9886\u57df\uff0c\u53f0\u6e7e\u7684 \u8054\u53d1\u79d1<\/a> (TPE: 2454) \u51ed\u501f\u5b9a\u5236 AI \u82af\u7247\u7684\u65a9\u83b7\uff0c\u80a1\u4ef7\u8fbe\u5230 TWD 4,535\uff08\u8fdc\u671f\u5e02\u76c8\u7387 58.3 \u500d\uff09\uff1b\u800c \u65e5\u6708\u5149\u534a\u5bfc\u4f53<\/a> (NYSE: ASX) \u4f5c\u4e3a\u9996\u5c48\u4e00\u6307\u7684\u5148\u8fdb\u5c01\u88c5\u4f9b\u5e94\u5546\uff0c\u4ea4\u6613\u4ef7\u683c\u4e3a $40.34\uff08\u8fdc\u671f\u5e02\u76c8\u7387 34.8 \u500d\uff09\u3002<\/p>\n\n

\u7136\u800c\uff0cSTM \u771f\u6b63\u7684\u6218\u573a\u662f\u5728\u7535\u6e90\u3001\u6a21\u62df\u548c\u5fae\u63a7\u5236\u5668\u9886\u57df\uff0c\u4e0e\u5176\u6b27\u6d32\u548c\u65e5\u672c\u540c\u884c\u7ade\u4e89\u3002\u82f1\u98de\u51cc\u79d1\u6280<\/a> (ETR: IFX) \u4ea4\u6613\u4ef7\u683c\u4e3a \u20ac80.99\uff08\u8fdc\u671f\u5e02\u76c8\u7387 39.1 \u500d\uff0cEV\/EBITDA 30.7 \u500d\uff09\uff0c\u4ecd\u662f\u6c7d\u8f66\u7535\u6e90\u9886\u57df\u7684\u9876\u7ea7\u63a0\u98df\u8005\u3002\u5b89\u68ee\u7f8e<\/a> (NASDAQ: ON) \u4ea4\u6613\u4ef7\u683c\u4e3a $121.56\uff08\u8fdc\u671f\u5e02\u76c8\u7387 38.9 \u500d\uff0cEV\/EBITDA 34.1 \u500d\uff09\uff0c\u62e5\u6709\u66f4\u4f18\u8d8a\u7684 PEG \u6bd4\u7387 (0.44) \u4e14\u66f4\u4e13\u6ce8\u4e8e\u78b3\u5316\u7845\uff08SiC\uff09\u3002<\/p>\n\n

\u5728\u65e5\u672c\uff0c\u884c\u4e1a\u666f\u89c2\u559c\u5fe7\u53c2\u534a\u3002\u745e\u8428\u7535\u5b50<\/a> (TYO: 6723) \u4ea4\u6613\u4ef7\u683c\u4e3a \u00a54,754\uff08\u8fdc\u671f\u5e02\u76c8\u7387 25.6 \u500d\uff09\uff0c\u4f46\u6b63\u53d7\u56f0\u4e8e\u6536\u8d2d\u6574\u5408\u548c\u51cf\u503c\u635f\u5931\u3002\u7f57\u59c6\u534a\u5bfc\u4f53<\/a> (TYO: 6963) \u5728\u5de8\u989d\u4e8f\u635f\u548c\u7535\u88c5\uff08Denso\uff09\u6536\u8d2d\u8981\u7ea6\u4e2d\uff0c\u4ea4\u6613\u4ef7\u683c\u4e3a \u00a55,444\uff08\u8fdc\u671f\u5e02\u76c8\u7387 63.4 \u500d\uff09\u3002\u8bbe\u5907\u5de8\u5934 \u4e1c\u4eac\u7535\u5b50<\/a> (TYO: 8035) \u4ea4\u6613\u4ef7\u683c\u4e3a \u00a572,960\uff08\u8fdc\u671f\u5e02\u76c8\u7387 46.5 \u500d\uff09\uff0c\u53d7\u76ca\u4e8e\u5168\u7403\u8d44\u672c\u652f\u51fa\u70ed\u6f6e\u3002 <\/p>\n\n

STM \u7684\u4f18\u52bf\u5728\u4e8e\u5176\u5e7f\u6cdb\u7684\u4ea7\u54c1\u7ec4\u5408\u3002\u5b83\u4e0d\u4ec5\u4ec5\u662f\u4e00\u5bb6\u7535\u6e90\u516c\u53f8\uff1b\u5b83\u5728 MCU\u3001\u4f20\u611f\u5668\uff08\u5982\u5176\u65b0\u578b\u98de\u884c\u65f6\u95f4 3D LiDAR\uff09\u4ee5\u53ca\u65b0\u5174\u7845\u5149\u5b50\u6280\u672f\u65b9\u9762\u7684\u5b9e\u529b\uff0c\u4e3a\u5176\u63d0\u4f9b\u4e86\u7eaf\u7535\u6e90\u7ade\u4e89\u5bf9\u624b\u6240\u7f3a\u4e4f\u7684\u591a\u4e2a\u589e\u957f\u7ef4\u5ea6\u3002 <\/p>\n\n

\u770b\u6da8\u4e0e\u770b\u8dcc\u60c5\u51b5<\/h1>\n\n

\u770b\u6da8\u7406\u7531\uff1a<\/strong> STM \u6210\u529f\u5b8c\u6210\u8f6c\u578b\u3002\u901a\u8fc7\u5728 800V \u7535\u6e90\u8f93\u9001\u548c\u7845\u5149\u5b50\u9886\u57df\u7684\u7edf\u6cbb\u6027\u4efd\u989d\uff0c\u5b9e\u73b0\u4e86 2026 \u5e74 10 \u4ebf\u7f8e\u5143\u7684\u6570\u636e\u4e2d\u5fc3\u8425\u6536\u76ee\u6807\u3002\u540c\u65f6\uff0c\u6b27\u6d32\u5236\u9020\u91cd\u7ec4\u5e26\u6765\u4e86\u663e\u8457\u7684\u5229\u6da6\u7387\u6269\u5f20\uff0c\u4e14\u968f\u7740\u7535\u52a8\u6c7d\u8f66\u5e93\u5b58\u51fa\u6e05\uff0c\u6c7d\u8f66 MCU \u4e1a\u52a1\u56de\u5347\u3002\u5728 0.58 \u7684 PEG \u6c34\u5e73\u4e0b\uff0c\u968f\u7740\u5e02\u573a\u8ba4\u53ef\u5176 AI \u57fa\u7840\u8bbe\u65bd\u5c5e\u6027\uff0c\u8be5\u80a1\u4f30\u503c\u5c06\u5927\u5e45\u4e0a\u8c03\u3002 <\/p>\n\n

\u770b\u8dcc\u7406\u7531\uff1a<\/strong> \u8be5\u516c\u53f8\u8bd5\u56fe\u5728\u8fc7\u591a\u6218\u7ebf\u4e0a\u540c\u65f6\u5f00\u6218\u300215 \u4ebf\u7f8e\u5143\u7684\u53ef\u8f6c\u503a\u878d\u8d44\u9884\u793a\u7740\u5728 SiC \u548c\u5149\u5b50\u9886\u57df\u7ade\u4e89\u6240\u9700\u7684\u8d44\u672c\u5bc6\u96c6\u5ea6\u9ad8\u4e8e\u9884\u671f\u3002\u6b64\u5916\uff0cSTM \u5728\u5546\u54c1\u5316\u7684\u5de5\u4e1a\u6a21\u62df\u5e02\u573a\u4e2d\u5c06\u4efd\u989d\u8f93\u7ed9\u4e86\u6fc0\u8fdb\u7684\u4e2d\u56fd\u7ade\u4e89\u5bf9\u624b\uff0c\u800c\u5176\u6570\u636e\u4e2d\u5fc3\u96c4\u5fc3\u5219\u53d7\u5230\u5b89\u68ee\u7f8e\u548c\u82f1\u98de\u51cc\u7b49\u4e13\u4e1a\u5382\u5546\u7684\u538b\u5236\u30022025 \u8d22\u5e74\u51c0\u5229\u6da6 89% \u7684\u8dcc\u5e45\u88ab\u8bc1\u660e\u662f\u7ed3\u6784\u6027\u5f31\u70b9\uff0c\u800c\u975e\u5468\u671f\u6027\u6ce2\u52a8\u3002 <\/p>\n\n

\u5173\u952e\u50ac\u5316\u5242<\/h1>\n\n
    \n
  1. \u6570\u636e\u4e2d\u5fc3\u8425\u6536\u6267\u884c\u529b\uff1a<\/strong> \u5b63\u5ea6\u6570\u636e\u9a8c\u8bc1\u516c\u53f8\u662f\u5426\u6b63\u671d\u7740 10 \u4ebf\u7f8e\u5143\u7684 AI \u57fa\u7840\u8bbe\u65bd\u76ee\u6807\u8fc8\u8fdb\u3002<\/li>\n\n\n\n
  2. \u7845\u5149\u5b50\u8bbe\u8ba1\u4e2d\u6807\uff1a<\/strong> \u4e3b\u8981\u8d85\u5927\u89c4\u6a21\u4e91\u670d\u52a1\u5546\u91c7\u7528 STM \u5149\u5b66\u4e92\u8fde\u6280\u672f\u7684\u516c\u544a\u3002<\/li>\n\n\n\n
  3. \u91cd\u7ec4\u5229\u6da6\u7387\uff1a<\/strong> \u6709\u8bc1\u636e\u8868\u660e\uff0c\u6cd5\u56fd\u6570\u5b57\u5236\u9020\u4e2d\u5fc3\u7684\u6574\u5408\u6b63\u5728\u4ea7\u751f\u9884\u671f\u7684\u7ecf\u8425\u6760\u6746\u3002<\/li>\n<\/ol>\n\n

    \u7ed3\u8bba<\/h1>\n\n

    \u610f\u6cd5\u534a\u5bfc\u4f53\u662f\u4e00\u4e2a\u9ad8\u98ce\u9669\u3001\u9ad8\u56de\u62a5\u7684\u6807\u7684\u3002\u5176\u4f30\u503c\u65e0\u7591\u5177\u6709\u5438\u5f15\u529b\uff0c\u4f46\u8003\u8651\u5230\u5176\u4ea7\u54c1\u7ec4\u5408\u7684\u5e7f\u5ea6\u548c\u8d44\u672c\u9700\u6c42\u7684\u5f3a\u5ea6\uff0c\u6267\u884c\u98ce\u9669\u4f9d\u7136\u5de8\u5927\u3002 <\/p>\n\n

    \u610f\u6cd5\u534a\u5bfc\u4f53 (STM)\uff1a<\/strong> \u6301\u6709\u3002\u76ee\u6807\u4ef7\uff1a$75.00\u3002 <\/p>\n\n

    \u5168\u7403\u540c\u884c\u8bc4\u7ea7\uff1a<\/strong><\/p>\n\n

      \n
    • \u82f1\u98de\u51cc\u79d1\u6280 (IFX \/ IFNNY)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1a\u20ac105.00\u3002\uff08\u529f\u7387\u7535\u5b50\u9886\u57df\u7684\u9876\u7ea7\u8d44\u4ea7\uff09\u3002 <\/li>\n\n\n\n
    • \u5b89\u68ee\u7f8e (ON)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1a$145.00\u3002\uff08\u5728 SiC \u9886\u57df\u62e5\u6709\u66f4\u4f18\u7684\u4e13\u6ce8\u5ea6\u548c\u5229\u6da6\u7387\uff09\u3002 <\/li>\n\n\n\n
    • \u53f0\u79ef\u7535 (TSM)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1a$520.00\u3002\uff08\u4e0d\u53ef\u66ff\u4ee3\u7684\u4ee3\u5de5\u5382\uff09\u3002 <\/li>\n\n\n\n
    • \u4e09\u661f\u7535\u5b50 (005930)\uff1a<\/strong> \u6301\u6709\u3002\u76ee\u6807\u4ef7\uff1a\u20a9380,000\u3002\uff08\u5728 HBM \u7ade\u8d5b\u4e2d\u4ecd\u5904\u4e8e\u8ffd\u8d76\u5730\u4f4d\uff09\u3002 <\/li>\n\n\n\n
    • SK \u6d77\u529b\u58eb (000660)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1a\u20a93,100,000\u3002\uff08AI \u5b58\u50a8\u9886\u57df\u7684\u7edf\u6cbb\u529b\u91cf\uff09\u3002 <\/li>\n\n\n\n
    • \u8054\u53d1\u79d1 (2454)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1aTWD 5,000\u3002\uff08\u4e1a\u52a1\u4ece\u79fb\u52a8\u7aef\u5411\u5b9a\u5236 AI \u82af\u7247\u6269\u5f20\uff09\u3002 <\/li>\n\n\n\n
    • \u65e5\u6708\u5149\u534a\u5bfc\u4f53 (ASX)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1a$48.00\u3002\uff08AI \u5148\u8fdb\u5c01\u88c5\u7684\u5173\u952e\u5382\u5546\uff09\u3002 <\/li>\n\n\n\n
    • \u745e\u8428\u7535\u5b50 (6723)\uff1a<\/strong> \u6301\u6709\u3002\u76ee\u6807\u4ef7\uff1a\u00a55,000\u3002\uff08\u9700\u8bc1\u660e\u5e76\u8d2d\u540e\u7684\u6709\u673a\u589e\u957f\u80fd\u529b\uff09\u3002 <\/li>\n\n\n\n
    • \u7f57\u59c6\u534a\u5bfc\u4f53 (6963)\uff1a<\/strong> \u6301\u6709\u3002\u76ee\u6807\u4ef7\uff1a\u00a55,600\u3002\uff08\u7b49\u5f85\u7535\u88c5\u6536\u8d2d\u8981\u7ea6\u7684\u89e3\u51b3\uff09\u3002 <\/li>\n\n\n\n
    • \u4e1c\u4eac\u7535\u5b50 (8035)\uff1a<\/strong> \u4e70\u5165\u3002\u76ee\u6807\u4ef7\uff1a\u00a585,000\u3002\uff08\u5168\u7403\u6676\u5706\u5382\u6269\u5f20\u7684\u4e3b\u8981\u53d7\u76ca\u8005\uff09\u3002 <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

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