【2 月 13 日,摩根士丹利发布研报】受消费补贴及先进节点需求推动,中芯 2025 财年首季营收及毛利率指引超预期。 成熟节点价格竞争或在今年下半年加剧。 大摩引述中芯管理层指引,2025 财年首季营收将增长 6%至 8%,毛利率将达 19%至 21%,超该行及市场预期。 管理层称,中央今年首季对智能手机及个人计算机的消费补贴,或推动终端销售增长 15%至 20%,顾客因美国关税变化提前囤货致...
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