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2025/4/24
Unlike CPUs and GPUs, ASICs (Application-Specific Integrated Circuits) are pre-configured for specific applications before manufacturing. These chips are highly customized in both design and production, tailored for targeted use cases. ASICs have seen rapid growth in the AI and cloud computing markets. In the context of LLM (Large Language Model) applications, while Nvidia maintains a strong advantage in the training phase through its mature CUDA ecosystem, ASICs are expected to demonstrate significant potential in the inference phase due to their unique product attributes. Over time, a complementary ecosystem is likely to emerge, where ASICs fill specific roles alongside GPUs. This article offers a concise overview of ASIC characteristics, business models, industry landscape, and future outlook.
# Stocks
# USA
# Taiwan
# Manufacturing Industry
2025/4/17
Since his second inauguration, U.S. President Donald Trump has rolled out a series of tariff measures. As of April 16, 2025, his administration has announced a 90-day suspension of the reciprocal tariff policy unveiled last week. However, negotiations with China remain inconclusive, with effective tariffs on certain Chinese imports now totaling up to 245%. The article outlines a comprehensive timeline of Trump’s tariff actions since reentering office, as well as the current international structure of U.S. trade policy. Despite some reversals, Trump’s overall tariff strategy can be broadly categorized into three main segments: North American trade partners, China, and other countries.
# Investment Analysis
# China
# News
# Taxation
2025/4/9
On April 2, President Donald Trump announced a sweeping new trade policy: starting April 5, the U.S. will impose a 10% baseline tariff on all trade partners. Countries deemed to have unfair trade practices will face reciprocal tariffs ranging from 10% to 50%, effective April 9. Taiwan's rate is set at 32%, while China faces a staggering total tariff burden of 104%, including previously implemented levies. This article breaks down the complete tariff schedule, including region-specific rates, product exemptions, and future planned tariffs on key sectors. It also analyzes the global market response, with U.S. stocks tumbling—particularly in the energy sector—and heightened volatility across oil, gold, and other commodities amid escalating trade war fears and rising risk-off sentiment.
# Bonds
2025/3/25
As the world’s leading GPU provider, NVIDIA’s success lies in its fully integrated software-hardware ecosystem and its highly scalable business leverage model. This article will dive deep into how NVIDIA has built a powerful, closed GPU ecosystem through its proprietary CUDA technology, securing a leading position across verticals such as gaming, artificial intelligence (AI), data centers, and autonomous driving. This article also systematically introduces NVIDIA’s product lineup, core competitive strengths, and technical comparisons with peers such as AMD and Intel. It also highlights the latest technologies and future directions revealed at the GTC conference. As AI technology continues to evolve rapidly, cost-performance is expected to become a critical factor shaping the market landscape. Investors should closely monitor trends in real-world applications and carefully assess the potential risk of an AI bubble to seize long-term investment opportunities.
# Fundamental Analysis
2025/3/20
Constellation Brands (STZ) is a well-known U.S. producer and distributor of alcoholic beverages, with core operations spanning beer, wine, and spirits. Its beer segment continues to show stable growth, while its wine and spirits businesses have shifted focus toward the premium market. In line with evolving consumer trends, the company is also actively expanding into non-alcoholic and functional beverages. In 2017, Constellation invested in cannabis in an effort to enter the cannabis-infused beverage market. However, the market’s performance fell short of expectations, and Canopy has remained unprofitable. In 2024, Constellation further reduced its stake and redirected its focus back to its core business. As the alcoholic beverage industry continues to move upscale, Constellation maintains a competitive edge.
2025/3/11
TSMC CEO C.C. Wei visited the United States and held discussions with Donald Trump regarding a new round of investment plans. The visit culminated in the announcement that TSMC will launch a large-scale expansion investment in the U.S., in response to potential future tariff policies targeting semiconductors. This article outlines the current geopolitical and economic landscape, and highlights the possible implications of the investment plan: TSMC’s expansion will boost production capacity, reduce tariff-related risks, and enhance geopolitical security. However, high operational costs and pressures on talent allocation may pose challenges. For the U.S., the move will contribute to a more complete semiconductor supply chain and drive job creation. On a global scale, it marks a further shift toward regionalized supply chains. Ongoing attention will be required as the tech cold war between the U.S. and China continues to unfold.
2025/3/10
In 2025, the Federal Reserve (Fed) welcomes a new lineup of policymakers, with changes in the rotating voting members of the Federal Open Market Committee (FOMC). The policy orientations and economic perspectives of these new voters will significantly influence U.S. monetary policy, interest rate trends, and global financial markets. This article provides an in-depth look at the backgrounds, policy stances, and potential impacts of the new FOMC members in 2025, aiming to help investors and market participants better understand the direction of the Fed’s decision-making. Compared to the outgoing members from the previous year, the 2025 incoming voters show a more divided stance, with fewer neutral members. The addition of two more hawkish members has also led markets to anticipate a slower pace of rate cuts from the Fed in 2025.
# Macroeconomics
# Federal Reserve
# Macroeconomic Data
2025/3/4
In recent years, drone technology has developed rapidly, evolving from its original military use to being gradually integrated into daily life and industrial applications. Since drones do not require direct human operation, they are particularly suitable for areas such as fast transportation, surveillance and monitoring, and disaster relief. Market forecasts suggest that the drone industry will continue to grow in the coming years. With ongoing advancements in AI algorithms, drones are also expected to achieve greater capabilities in autonomous navigation and tracking. Taiwan's drone industry still faces several challenges, including a relatively small market size, limited brand influence, and intense international competition. However, Taiwan maintains a strong edge in semiconductors and electronics manufacturing, securing a solid position in key components, sensors, and image processing chips.
2025/2/27
DeepSeek has attracted market attention with its low-cost, high-performance AI models. By leveraging technologies such as the MoE (Mixture of Experts) architecture, dynamic knowledge activation, long-text processing capabilities, and strong Chinese language proficiency, DeepSeek has significantly improved inference efficiency while reducing computational demands. Its innovative approaches not only challenge the dominance of American tech giants but also influence how the market evaluates the demand for AI hardware, sparking discussions around the high-end GPU market. In response to DeepSeek’s rising competition, companies like OpenAI are accelerating their strategic adjustments. The market continues to watch closely to see whether the rise of Chinese AI firms will reshape the global AI industry landscape.
2025/2/25
Unlike traditional computers, quantum computers can accomplish complicated problems in much shorter time. This article explains quantum computing' key principles: quantum superposition and quantum entanglement ,and further exploring current technological advancements, potential future applications, and existing challenges. As quantum computing technology progresses, it is expected to drive breakthroughs in cryptography, material science, financial analysis, and artificial intelligence. However, realizing the full potential of quantum computing still faces significant technical challenges. Despite these hurdles, quantum computing is on the path to transforming various industries in the near future.
# Investment
# Europe
# Editor's Pick
# North America
# Central Bank
# Monetary Policy
