11:00–13:00：HBM4E代工与黑芝麻智能业绩2条事件 (2026)

[
  {
    "event_id": "cls-cn-20260831-skhynix-hbm4e-base-die-intel",
    "title": "SK海力士考虑将部分HBM4E裸片交英特尔代工",
    "event_time_utc": "2026-08-31T03:46:20Z",
    "event_time_quality": "exact",
    "published_at_utc": "2026-08-31T03:46:20Z",
    "event_type": "capacity_plan",
    "asset_keys": ["SEMICONDUCTOR"],
    "direction_score": {"SEMICONDUCTOR": 1},
    "confidence": 86,
    "horizon": "weeks",
    "raw_facts": {
      "actual": "SK海力士考虑从第七代HBM产品HBM4E开始，将部分HBM基础裸片（Base Die）交由英特尔代工；报道援引的HBM4成本比较为：台积电基础裸片成本是SK海力士自产核心裸片成本的3至4倍；报道预计HBM4E成本负担进一步增加。",
      "consensus": "原文未披露",
      "prior": "原文未披露",
      "source_publication": "财联社详情2469243原生发布时间为2026年8月31日11:46:20；The Herald Business原始报道发布时间为2026年8月31日09:00:51。"
    },
    "transmission_chain": "部分HBM4E基础裸片转由英特尔代工→SK海力士对台积电代工的依赖与基础裸片成本压力预期边际变化→HBM供给弹性和成本预期偏正→半导体ETF方向边际偏正。",
    "invalidation_conditions": "SK海力士或英特尔后续否认该代工安排，或后续披露显示英特尔无法承接、成本未改善且供给弹性未增加。",
    "source_urls": [
      "https://www.cls.cn/detail/2469243",
      "https://mbiz.heraldcorp.com/article/10857005"
    ],
    "source_tier": "B"
  },
  {
    "event_id": "cls-cn-20260831-black-sesame-h1-results",
    "title": "黑芝麻智能上半年营收4.58亿元",
    "event_time_utc": "2026-08-31T04:32:55Z",
    "event_time_quality": "exact",
    "published_at_utc": "2026-08-31T04:32:55Z",
    "event_type": "earnings_guidance",
    "asset_keys": ["SEMICONDUCTOR"],
    "direction_score": {"SEMICONDUCTOR": 0},
    "confidence": 92,
    "horizon": "weeks",
    "raw_facts": {
      "actual": "黑芝麻智能上半年营收4.58亿元人民币，同比增长81.3%；上半年亏损7.7亿元人民币。",
      "consensus": "原文未披露",
      "prior": "去年同期亏损7.6亿元人民币。",
      "source_publication": "财联社详情2469277原生发布时间为2026年8月31日12:32:55；报道转述黑芝麻智能港交所公告。"
    },
    "transmission_chain": "上半年营收4.58亿元且同比增长81.3%→商业化收入信号增强；同期亏损7.7亿元、去年同期亏损7.6亿元→盈利改善信号不足→对半导体ETF形成中性综合影响。",
    "invalidation_conditions": "黑芝麻智能后续公告更正或重述上半年营收、营收增速或亏损数字。",
    "source_urls": [
      "https://api3.cls.cn/share/article/2469277?os=&sv=8.4.4&app=CailianpressWap"
    ],
    "source_tier": "B"
  }
]
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