3奈米产能不足+FEC算法漏洞！专家：1.6T光模组供应为主要瓶颈　供需缺口至少持续至2027下半年

根据野村周二(22日)召开的AI基础设施服务商专家电话会议纪录，1.6T光模组正踩下产业放量的煞车，而卡住它的不是产能意愿，是3奈米制程。1.6T光模组数位讯号处理器(DSP)的结构性供应缺口至少将持续至2027年下半年，因先进制程产能不足与良率偏低，而非需求端的短暂波动。

专家认为，缺口规模从2026年的约300万颗，扩大至2027年的逾2000万颗。今年1.6T DSP需求预计超过2000万颗，实际出货仅1600万至1700万颗，缺口约300万至400万颗；明年需求将攀升至6000万至7000万颗，供给仅4000万颗缺口超过2000万颗缺口。专家判断，产能的实质释放要等到2027年下半年。

这项判断与产业端的实际回应相互印证。在9月12日至14日深圳光博会上，多家重量级厂商确认800G光模组已成为出货主力，1.6T处于送样及小批量导入阶段。

剑桥科技表示，全行业都面临DSP晶片供应短缺，对1.6T产能放量构成制约；东山精密方面则指出，200G EML雷射器已进入量产，但受DSP供给制约，出货量仍然有限。华工科技上月亦称今年上半年800G、1.6T光模组受核心物料到货影响，实际交付量不如预期的50%，7-8月供应链齐套率已恢复至70%。有业内人士预计，光模组市场供不应求的局面将至少持续到2028年。

与1.6T形成鲜明对照的是800G的充裕。 800G DSP采用7奈米与5奈米制程，2025年出货量约2500万至2600万颗，2026年预计接近5000万颗，2027年将进一步跃升至1.2亿至1.5亿颗，增量来源除AI资料中心外，还包括进入换代周期的电信市场。

800G跟1.6T两条产品线的供需轨迹之所以分化，症结在于制程世代，因1.6T DSP必须依赖3奈米，而该过程目前产能不足、良率偏低。

此外，部分前向纠错(FEC)演算法存在漏洞尚待修复，高速DSP介面与网路交换器之间也存在相容性问题，多重障碍叠加，进一步压低了有效供给的释放速度，这与业界普遍反映的瓶颈位置一致。

华西证券指出，200G以上速率EML雷射与高速DSP晶片是中游光模组量产交付的主要限制；中际旭创亦表示，核心确实是3奈米DSP产能供应偏紧，整体仍能维持供应。

供给约束正在重塑产业格局，且向头部集中。高昂的先进制程流片成本、长达约两年的客户验证周期，以及复杂的讯号处理演算法门槛，涵盖FEC、误码率控制、均衡技术与色散补偿，共同构筑了高阶DSP市场的护城河。

DSP需光模组厂商与终端客户共同参与测试，单一测试周期可达约两年，终端客户切换成本极高，倾向延续与既有供应商的合作。部分二线厂商虽具备800G DSP生产能力，但缺乏客户生态，难以实质切入。在中国市场，Sitrus Technology、Joywell Semi等厂商已在研发800G DSP，但尚未形成规模出货。

野村纪录显示，800G DSP长约协议(LTA)价格为45至70美元，1.6T DSP LTA价格为120至150美元，零售价较合约价高出10%至20%。随着明年产能逐步释放，800G DSP合约价格预计下降约10%，1.6T DSP因缺口更大，降幅相对较小。

根据高盛判断，800G光模组2027年降价幅度将控制在个位数以内，1.6T价格维持在700美元以上，产业龙头透过研发协作、直接投资、预付款与LTA锁定产能，为定价纪律提供结构性支撑。

在NPO/CPO路线演进下，为降低功耗，DSP将被移除，均衡、误码与失真校正功能部分转由TIA/驱动晶片承担、部分由交换晶片承担，对TIA与驱动晶片的线性度提出更高要求。主要厂商已实现每通道200G量产，400G仍在研发，核心壁垒在于同时达到高线性度、低杂讯与低功耗。

由于TIA/驱动可采用28奈米成熟过程，中国厂商已实现100G量产、200G处于送样阶段，但在产品稳定性与客户验证周期上仍有明显差距。

随着光模组从可插拔向LPO/NPO/CPO演进，技术要求由传统放大接收转向高频宽、高线性、低杂讯与片上讯号补偿，SerDes IP与线性类比前端(TIA/Driver)等电晶片价值上行。

在深圳光博会上，中国国内相容可插拔技术的NPO被视为国内主流选择，NPO产品已完成客户送样与验证，有厂商预估2027年NPO技术可望实现量产，2028年3.2T光模组开启商用。

根据TrendForce(集邦咨询)指出，阿里巴巴、腾讯等CSP已将NPO视为近中期主轴，Meta与微软倾向优先布局NPO，亚马逊则采取多供应商策略与意式半导体合作。

谷歌的实践提供了另一条技术路径。其TPU与OCS网路中已采用2.4T轻相干(coherent-lite)收发器，仅使用单一固定波长O波段，涵盖2至20公里传输距离。专家指出，轻相干DSP技术障碍低于传统相干DSP，但高于标准PAM4 DSP。

明年上半年是核心验证窗口。纪录也显示，判断缺口逻辑是否成立必须盯住三组指标：结果层面看1.6T光模组与电晶片的实际出货量，以及3奈米DSP在明年下半年的供给释放进度；机制验证层级看DSP良率改善与FEC演算法缺陷修复、400G TIA/驱动送样与客户验证层级看DSP良率改善与FEC演算法缺陷修复、NPO/CPO在交换机侧的导入比例。

专家指出，若2027年1.6T供给明显高于4000万至5000万颗、DSP价格降幅显著超过合约价约10%的假设，或NPO/CPO加速替代导致DSP需求被提前压缩，则当前缺口判断需要下修。主要厂商季度业绩与光模组出货数据，将是此阶段最重要的观察节点。

{ "settings": { "x-powered-by": true, "etag": "weak", "env": "prd", "query parser": "simple", "subdomain offset": 2, "trust proxy": true, "views": [ "./view" ], "jsonp callback name": "callback", "view options": { "debug": false, "cache": true, "minimize": true, "filename": "/www/wwwroot/www.chiefbao.com/view/default/article.html" }, "view engine": "html" }, "template": "default", "domain": "www.chiefbao.com", "static_url": "/public/view/default/", "APP_VERSION": "3.6.0", "site": { "name": "天天财经", "logo": "/public/uploads/default/logo-heade.png", "domain": "www.chiefbao.com", "email": "[email protected]", "wx": null, "icp": "陇ICP备2026000567号-2", "code": "", "json": "", "title": "天天财经-提供金融入门知识-投资理财技巧", "keywords": "炒外汇入门,外汇投资入门,外汇交易新手,外汇新手入门", "description": "天天财经-专业为投资者提供外汇期货股票贵金属入门基础知识，新手炒外汇投资,期货投资,股票投资入门知识，同时提供外汇期货股票学习视频教程，软件下载，推荐书籍，分享炒外汇、炒股票、炒期货投资经验，是投资者理想的金融财经学习网站。", "template": "default", "uploadWay": "1" }, "nav": [ { "id": 10, "pid": 0, "name": "首页", "pinyin": "home", "path": "/home", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 32, "pid": 10, "name": "外汇平台排名", "pinyin": "platrange", "path": "/home/platrange", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 34, "pid": 10, "name": "保险", "pinyin": "baoxian", "path": "/home/baoxian", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 48, "pid": 34, "name": "保险入门", "pinyin": "bxrm", "path": "/home/baoxian/bxrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 35, "pid": 10, "name": "贵金属", "pinyin": "guijinshu", "path": "/home/guijinshu", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 49, "pid": 35, "name": "贵金属入门", "pinyin": "fjsrm", "path": "/home/guijinshu/fjsrm", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 50, "pid": 35, "name": "贵金属投资", "pinyin": "gjstz", "path": "/home/guijinshu/gjstz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 36, "pid": 10, "name": "期货", "pinyin": "qihuo", "path": "/home/qihuo", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 41, "pid": 36, "name": "期货入门", "pinyin": "qhrm", "path": "/home/qihuo/qhrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 42, "pid": 36, "name": "期货交易", "pinyin": "qhjy", "path": "/home/qihuo/qhjy", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 43, "pid": 36, "name": "股指期货", "pinyin": "fzqh", "path": "/home/qihuo/fzqh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 44, "pid": 36, "name": "原油期货", "pinyin": "yyqh", "path": "/home/qihuo/yyqh", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 45, "pid": 36, "name": "期货公司", "pinyin": "qhgs", "path": "/home/qihuo/qhgs", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 46, "pid": 36, "name": "期货开户", "pinyin": "qhkh", "path": "/home/qihuo/qhkh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 47, "pid": 36, "name": "期货交易所", "pinyin": "qhjys", "path": "/home/qihuo/qhjys", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 37, "pid": 10, "name": "股票", "pinyin": "gupiao", "path": "/home/gupiao", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 51, "pid": 37, "name": "股票入门", "pinyin": "gprm", "path": "/home/gupiao/gprm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 52, "pid": 37, "name": "股票投资", "pinyin": "gptz", "path": "/home/gupiao/gptz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 53, "pid": 37, "name": "股票交易", "pinyin": "gpjy", "path": "/home/gupiao/gpjy", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 38, "pid": 10, "name": "证券", "pinyin": "zhengquan", "path": "/home/zhengquan", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 54, "pid": 38, "name": "证券入门", "pinyin": "zqrm", "path": "/home/zhengquan/zqrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 39, "pid": 10, "name": "区块链", "pinyin": "qukuailian", "path": "/home/qukuailian", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 55, "pid": 39, "name": "区块链入门", "pinyin": "qklrm", "path": "/home/qukuailian/qklrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 40, "pid": 10, "name": "黄金", "pinyin": "huangjin", "path": "/home/huangjin", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 56, "pid": 40, "name": "黄金入门", "pinyin": "hjrm", "path": "/home/huangjin/hjrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 57, "pid": 40, "name": "黄金投资", "pinyin": "hjtz", "path": "/home/huangjin/hjtz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 58, "pid": 40, "name": "黄金期货", "pinyin": "hjqh", "path": "/home/huangjin/hjqh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 59, "pid": 40, "name": "黄金现货", "pinyin": "hjxh", "path": "/home/huangjin/hjxh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 60, "pid": 40, "name": "黄金交易", "pinyin": "hjjy", "path": "/home/huangjin/hjjy", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 61, "pid": 10, "name": "基金", "pinyin": "jijin", "path": "/home/jijin", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 62, "pid": 61, "name": "基金入门", "pinyin": "jjrm", "path": "/home/jijin/jjrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 71, "pid": 10, "name": "经纪商 ", "pinyin": "jjs", "path": "/home/jjs", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 15, "pid": 0, "name": "热点新闻", "pinyin": "new", "path": "/new", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 25, "pid": 15, "name": "美股", "pinyin": "mg", "path": "/new/mg", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 26, "pid": 15, "name": "港股", "pinyin": "hk", "path": "/new/hk", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 27, "pid": 15, "name": "台股", "pinyin": "tw", "path": "/new/tw", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 28, "pid": 15, "name": "科技", "pinyin": "AI", "path": "/new/AI", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 17, "pid": 0, "name": "外汇行情", "pinyin": "whhq", "path": "/whhq", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 18, "pid": 0, "name": "外汇平台", "pinyin": "whplat", "path": "/whplat", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 19, "pid": 0, "name": "外汇开户", "pinyin": "whkh", "path": "/whkh", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 20, "pid": 0, "name": "外汇策略", "pinyin": "whcl", "path": "/whcl", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 21, "pid": 0, "name": "外汇入门", "pinyin": "whrm", "path": "/whrm", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 22, "pid": 0, "name": "外汇交易", "pinyin": "whjy", "path": "/whjy", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 23, "pid": 0, "name": "曝光台", "pinyin": "bgt", "path": "/bgt", "orderBy": 0, "target": "0", "status": "0", "listView": "list-expose.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 24, "pid": 0, "name": "广告合作", "pinyin": "gghz", "path": "/gghz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 30, "pid": 0, "name": "实时", "pinyin": "hour", "path": "/hour", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 33, "pid": 0, "name": "广告招商", "pinyin": "ggzs", "path": "/ggzs", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 65, "pid": 0, "name": "外汇经纪商", "pinyin": "whjjs", "path": "/whjjs", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 66, "pid": 65, "name": "XM外汇", "pinyin": "smfx", "path": "/whjjs/smfx", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 67, "pid": 65, "name": "Exness外汇", "pinyin": "exfx", "path": "/whjjs/exfx", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 68, "pid": 65, "name": "TMGM外汇", "pinyin": "tmgmfx", "path": "/whjjs/tmgmfx", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 69, "pid": 65, "name": "Doo Prime德璞资本", "pinyin": "doo", "path": "/whjjs/doo", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 70, "pid": 65, "name": "FXTM富拓", "pinyin": "fxtm", "path": "/whjjs/fxtm", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 72, "pid": 65, "name": "EC外汇", "pinyin": "ecfx", "path": "/whjjs/ecfx", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 } ], "category": [ { "id": 10, "pid": 0, "name": "首页", "pinyin": "home", "path": "/home", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 32, "pid": 10, "name": "外汇平台排名", "pinyin": "platrange", "path": "/home/platrange", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 34, "pid": 10, "name": "保险", "pinyin": "baoxian", "path": "/home/baoxian", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 48, "pid": 34, "name": "保险入门", "pinyin": "bxrm", "path": "/home/baoxian/bxrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 35, "pid": 10, "name": "贵金属", "pinyin": "guijinshu", "path": "/home/guijinshu", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 49, "pid": 35, "name": "贵金属入门", "pinyin": "fjsrm", "path": "/home/guijinshu/fjsrm", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 50, "pid": 35, "name": "贵金属投资", "pinyin": "gjstz", "path": "/home/guijinshu/gjstz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 36, "pid": 10, "name": "期货", "pinyin": "qihuo", "path": "/home/qihuo", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 41, "pid": 36, "name": "期货入门", "pinyin": "qhrm", "path": "/home/qihuo/qhrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 42, "pid": 36, "name": "期货交易", "pinyin": "qhjy", "path": "/home/qihuo/qhjy", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 43, "pid": 36, "name": "股指期货", "pinyin": "fzqh", "path": "/home/qihuo/fzqh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 44, "pid": 36, "name": "原油期货", "pinyin": "yyqh", "path": "/home/qihuo/yyqh", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 45, "pid": 36, "name": "期货公司", "pinyin": "qhgs", "path": "/home/qihuo/qhgs", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 46, "pid": 36, "name": "期货开户", "pinyin": "qhkh", "path": "/home/qihuo/qhkh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 47, "pid": 36, "name": "期货交易所", "pinyin": "qhjys", "path": "/home/qihuo/qhjys", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 37, "pid": 10, "name": "股票", "pinyin": "gupiao", "path": "/home/gupiao", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 51, "pid": 37, "name": "股票入门", "pinyin": "gprm", "path": "/home/gupiao/gprm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 52, "pid": 37, "name": "股票投资", "pinyin": "gptz", "path": "/home/gupiao/gptz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 53, "pid": 37, "name": "股票交易", "pinyin": "gpjy", "path": "/home/gupiao/gpjy", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 38, "pid": 10, "name": "证券", "pinyin": "zhengquan", "path": "/home/zhengquan", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 54, "pid": 38, "name": "证券入门", "pinyin": "zqrm", "path": "/home/zhengquan/zqrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 39, "pid": 10, "name": "区块链", "pinyin": "qukuailian", "path": "/home/qukuailian", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 55, "pid": 39, "name": "区块链入门", "pinyin": "qklrm", "path": "/home/qukuailian/qklrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 40, "pid": 10, "name": "黄金", "pinyin": "huangjin", "path": "/home/huangjin", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 56, "pid": 40, "name": "黄金入门", "pinyin": "hjrm", "path": "/home/huangjin/hjrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 57, "pid": 40, "name": "黄金投资", "pinyin": "hjtz", "path": "/home/huangjin/hjtz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 58, "pid": 40, "name": "黄金期货", "pinyin": "hjqh", "path": "/home/huangjin/hjqh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 59, "pid": 40, "name": "黄金现货", "pinyin": "hjxh", "path": "/home/huangjin/hjxh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 60, "pid": 40, "name": "黄金交易", "pinyin": "hjjy", "path": "/home/huangjin/hjjy", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 61, "pid": 10, "name": "基金", "pinyin": "jijin", "path": "/home/jijin", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 62, "pid": 61, "name": "基金入门", "pinyin": "jjrm", "path": "/home/jijin/jjrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 71, "pid": 10, "name": "经纪商 ", "pinyin": "jjs", "path": "/home/jjs", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 15, "pid": 0, "name": "热点新闻", "pinyin": "new", "path": "/new", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 25, "pid": 15, "name": "美股", "pinyin": "mg", "path": "/new/mg", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 26, "pid": 15, "name": "港股", "pinyin": "hk", "path": "/new/hk", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 27, "pid": 15, "name": "台股", "pinyin": "tw", "path": "/new/tw", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 28, "pid": 15, "name": "科技", "pinyin": "AI", "path": "/new/AI", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 17, "pid": 0, "name": "外汇行情", "pinyin": "whhq", "path": "/whhq", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 18, "pid": 0, "name": "外汇平台", "pinyin": "whplat", "path": "/whplat", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 19, "pid": 0, "name": "外汇开户", "pinyin": "whkh", "path": "/whkh", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 20, "pid": 0, "name": "外汇策略", "pinyin": "whcl", "path": "/whcl", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 21, "pid": 0, "name": "外汇入门", "pinyin": "whrm", "path": "/whrm", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 22, "pid": 0, "name": "外汇交易", "pinyin": "whjy", "path": "/whjy", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 23, "pid": 0, "name": "曝光台", "pinyin": "bgt", "path": "/bgt", "orderBy": 0, "target": "0", "status": "0", "listView": "list-expose.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 24, "pid": 0, "name": "广告合作", "pinyin": "gghz", "path": "/gghz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 25, "pid": 15, "name": "美股", "pinyin": "mg", "path": "/new/mg", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 26, "pid": 15, "name": "港股", "pinyin": "hk", "path": "/new/hk", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 27, "pid": 15, "name": "台股", "pinyin": "tw", "path": "/new/tw", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 28, "pid": 15, "name": "科技", "pinyin": "AI", "path": "/new/AI", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 30, "pid": 0, "name": "实时", "pinyin": "hour", "path": "/hour", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 32, "pid": 10, "name": "外汇平台排名", "pinyin": "platrange", "path": "/home/platrange", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 33, "pid": 0, "name": "广告招商", "pinyin": "ggzs", "path": "/ggzs", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 34, "pid": 10, "name": "保险", "pinyin": "baoxian", "path": "/home/baoxian", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 48, "pid": 34, "name": "保险入门", "pinyin": "bxrm", "path": "/home/baoxian/bxrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 35, "pid": 10, "name": "贵金属", "pinyin": "guijinshu", "path": "/home/guijinshu", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 49, "pid": 35, "name": "贵金属入门", "pinyin": "fjsrm", "path": "/home/guijinshu/fjsrm", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 50, "pid": 35, "name": "贵金属投资", "pinyin": "gjstz", "path": "/home/guijinshu/gjstz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 36, "pid": 10, "name": "期货", "pinyin": "qihuo", "path": "/home/qihuo", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 41, "pid": 36, "name": "期货入门", "pinyin": "qhrm", "path": "/home/qihuo/qhrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 42, "pid": 36, "name": "期货交易", "pinyin": "qhjy", "path": "/home/qihuo/qhjy", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 43, "pid": 36, "name": "股指期货", "pinyin": "fzqh", "path": "/home/qihuo/fzqh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 44, "pid": 36, "name": "原油期货", "pinyin": "yyqh", "path": "/home/qihuo/yyqh", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 45, "pid": 36, "name": "期货公司", "pinyin": "qhgs", "path": "/home/qihuo/qhgs", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 46, "pid": 36, "name": "期货开户", "pinyin": "qhkh", "path": "/home/qihuo/qhkh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 47, "pid": 36, "name": "期货交易所", "pinyin": "qhjys", "path": "/home/qihuo/qhjys", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 37, "pid": 10, "name": "股票", "pinyin": "gupiao", "path": "/home/gupiao", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 51, "pid": 37, "name": "股票入门", "pinyin": "gprm", "path": "/home/gupiao/gprm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 52, "pid": 37, "name": "股票投资", "pinyin": "gptz", "path": "/home/gupiao/gptz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 53, "pid": 37, "name": "股票交易", "pinyin": "gpjy", "path": "/home/gupiao/gpjy", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 38, "pid": 10, "name": "证券", "pinyin": "zhengquan", "path": "/home/zhengquan", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 54, "pid": 38, "name": "证券入门", "pinyin": "zqrm", "path": "/home/zhengquan/zqrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 39, "pid": 10, "name": "区块链", "pinyin": "qukuailian", "path": "/home/qukuailian", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 55, "pid": 39, "name": "区块链入门", "pinyin": "qklrm", "path": "/home/qukuailian/qklrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 40, "pid": 10, "name": "黄金", "pinyin": "huangjin", "path": "/home/huangjin", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 56, "pid": 40, "name": "黄金入门", "pinyin": "hjrm", "path": "/home/huangjin/hjrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 57, "pid": 40, "name": "黄金投资", "pinyin": "hjtz", "path": "/home/huangjin/hjtz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 58, "pid": 40, "name": "黄金期货", "pinyin": "hjqh", "path": "/home/huangjin/hjqh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 59, "pid": 40, "name": "黄金现货", "pinyin": "hjxh", "path": "/home/huangjin/hjxh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 60, "pid": 40, "name": "黄金交易", "pinyin": "hjjy", "path": "/home/huangjin/hjjy", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 41, "pid": 36, "name": "期货入门", "pinyin": "qhrm", "path": "/home/qihuo/qhrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 42, "pid": 36, "name": "期货交易", "pinyin": "qhjy", "path": "/home/qihuo/qhjy", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 43, "pid": 36, "name": "股指期货", "pinyin": "fzqh", "path": "/home/qihuo/fzqh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 44, "pid": 36, "name": "原油期货", "pinyin": "yyqh", "path": "/home/qihuo/yyqh", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 45, "pid": 36, "name": "期货公司", "pinyin": "qhgs", "path": "/home/qihuo/qhgs", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 46, "pid": 36, "name": "期货开户", "pinyin": "qhkh", "path": "/home/qihuo/qhkh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 47, "pid": 36, "name": "期货交易所", "pinyin": "qhjys", "path": "/home/qihuo/qhjys", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 48, "pid": 34, "name": "保险入门", "pinyin": "bxrm", "path": "/home/baoxian/bxrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 49, "pid": 35, "name": "贵金属入门", "pinyin": "fjsrm", "path": "/home/guijinshu/fjsrm", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 50, "pid": 35, "name": "贵金属投资", "pinyin": "gjstz", "path": "/home/guijinshu/gjstz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 51, "pid": 37, "name": "股票入门", "pinyin": "gprm", "path": "/home/gupiao/gprm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 52, "pid": 37, "name": "股票投资", "pinyin": "gptz", "path": "/home/gupiao/gptz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 53, "pid": 37, "name": "股票交易", "pinyin": "gpjy", "path": "/home/gupiao/gpjy", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 54, "pid": 38, "name": "证券入门", "pinyin": "zqrm", "path": "/home/zhengquan/zqrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 55, "pid": 39, "name": "区块链入门", "pinyin": "qklrm", "path": "/home/qukuailian/qklrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 56, "pid": 40, "name": "黄金入门", "pinyin": "hjrm", "path": "/home/huangjin/hjrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 57, "pid": 40, "name": "黄金投资", "pinyin": "hjtz", "path": "/home/huangjin/hjtz", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 58, "pid": 40, "name": "黄金期货", "pinyin": "hjqh", "path": "/home/huangjin/hjqh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 59, "pid": 40, "name": "黄金现货", "pinyin": "hjxh", "path": "/home/huangjin/hjxh", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 60, "pid": 40, "name": "黄金交易", "pinyin": "hjjy", "path": "/home/huangjin/hjjy", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 61, "pid": 10, "name": "基金", "pinyin": "jijin", "path": "/home/jijin", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 62, "pid": 61, "name": "基金入门", "pinyin": "jjrm", "path": "/home/jijin/jjrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 62, "pid": 61, "name": "基金入门", "pinyin": "jjrm", "path": "/home/jijin/jjrm", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 65, "pid": 0, "name": "外汇经纪商", "pinyin": "whjjs", "path": "/whjjs", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 66, "pid": 65, "name": "XM外汇", "pinyin": "smfx", "path": "/whjjs/smfx", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 67, "pid": 65, "name": "Exness外汇", "pinyin": "exfx", "path": "/whjjs/exfx", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 68, "pid": 65, "name": "TMGM外汇", "pinyin": "tmgmfx", "path": "/whjjs/tmgmfx", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 69, "pid": 65, "name": "Doo Prime德璞资本", "pinyin": "doo", "path": "/whjjs/doo", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 70, "pid": 65, "name": "FXTM富拓", "pinyin": "fxtm", "path": "/whjjs/fxtm", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 72, "pid": 65, "name": "EC外汇", "pinyin": "ecfx", "path": "/whjjs/ecfx", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 66, "pid": 65, "name": "XM外汇", "pinyin": "smfx", "path": "/whjjs/smfx", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 67, "pid": 65, "name": "Exness外汇", "pinyin": "exfx", "path": "/whjjs/exfx", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 68, "pid": 65, "name": "TMGM外汇", "pinyin": "tmgmfx", "path": "/whjjs/tmgmfx", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 69, "pid": 65, "name": "Doo Prime德璞资本", "pinyin": "doo", "path": "/whjjs/doo", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 70, "pid": 65, "name": "FXTM富拓", "pinyin": "fxtm", "path": "/whjjs/fxtm", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 71, "pid": 10, "name": "经纪商 ", "pinyin": "jjs", "path": "/home/jjs", "orderBy": 0, "target": "0", "status": "1", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 72, "pid": 65, "name": "EC外汇", "pinyin": "ecfx", "path": "/whjjs/ecfx", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "friendlink": [], "frag": {}, "tag": [ { "id": 1, "name": "EC外汇", "path": "pic", "count": 4 }, { "id": 16, "name": "XM官网", "path": "", "count": 1 }, { "id": 23, "name": "XM集团", "path": "", "count": 1 }, { "id": 2, "name": "XM外汇", "path": "chancms", "count": 0 }, { "id": 4, "name": "TMGM外汇平台", "path": "", "count": 0 }, { "id": 5, "name": "FXTM富拓", "path": "", "count": 0 }, { "id": 6, "name": "DLSM外汇官网", "path": "", "count": 0 }, { "id": 7, "name": "EX官网", "path": "", "count": 0 }, { "id": 8, "name": "德璞资本", "path": "", "count": 0 }, { "id": 9, "name": "比特币", "path": "", "count": 0 }, { "id": 10, "name": "致富财经", "path": "", "count": 0 }, { "id": 11, "name": "Xm外汇官网", "path": "", "count": 0 }, { "id": 12, "name": "TMGM官网", "path": "", "count": 0 }, { "id": 13, "name": "外汇交易", "path": "", "count": 0 }, { "id": 14, "name": "炒外汇", "path": "", "count": 0 }, { "id": 15, "name": "美股", "path": "", "count": 0 }, { "id": 17, "name": "陆港股", "path": "", "count": 0 }, { "id": 18, "name": "黄金", "path": "", "count": 0 }, { "id": 19, "name": "石油", "path": "", "count": 0 }, { "id": 20, "name": "贵金属", "path": "", "count": 0 }, { "id": 21, "name": "致富证券", "path": "", "count": 0 }, { "id": 22, "name": "金融诈骗", "path": "", "count": 0 }, { "id": 24, "name": "富拓外汇", "path": "", "count": 0 } ], "ads": [ { "id": 1913, "title": "HeroSMS", "img": "/public/uploads/default/image/2026/06/08/1780906856004.png", "link": "http://www.xiaolizi.work" }, { "id": 1914, "title": "致富财经", "img": "/public/uploads/default/image/2026/06/08/1780906939770.png", "link": "https://www.chiefrich.com" }, { "id": 1915, "title": "致富财经", "img": "/public/uploads/default/image/2026/06/08/1780906983444.png", "link": "https://www.chiefrich.com" }, { "id": 3389, "title": "科技改变生活", "img": "/public/uploads/default/image/2026/06/23/1782210403190.png", "link": "https://www.chiefrich.com" }, { "id": 4444, "title": "XM官网", "img": "/public/uploads/default/image/2026/07/01/1782876542326.png", "link": "https://affs.click/4nWcr" }, { "id": 5965, "title": "昂首外汇", "img": "/public/uploads/default/image/2026/07/09/1783592741949.png", "link": "https://my.anzocapital.com/register?node=MjM2MTA=&language=zh-Hans" } ], "recommend": [ { "id": 11741, "title": "AI晶片封装大突破日厂新光电气做出「22层玻璃基板」", "shortTitle": "AI晶片封装大突破日厂新光电气做出「22层玻璃基板」", "img": "https://cimg.cnyes.cool/prod/news/6580025/l/a3632f2431e4fdfaaa43b1ecd1692a9b.jpg", "createdAt": "2026-08-18T04:00:30.000Z", "description": "日本半导体封装基板制造商新光电气工业（Shinko Electric Industries）在玻璃基板技术取得重大突破，成功建构22层铜布线结构，在玻璃基板两面各堆叠11层铜布线层，显示玻璃基板朝高层数、高密度封装再跨出关键一步。玻璃基板长期被视为先进半导体封装的重要发展方向，但实际应用一直受到「SeWaRe」问题限制，也就是玻璃内部可能出现裂缝或分层。玻璃虽具有优异平整度与低热膨胀系数，但材质本身较脆，在加工及热循环过程中容易产生微裂纹，进而影响产品良率与可靠性。新光电气此次透过材料创新", "pv": 128, "pinyin": "AI", "name": "科技", "path": "/new/AI" }, { "id": 6913, "title": "不止车用晶片！辉达将供应丰田GPU与开发工具在自动操控机械「物理AI」领域扩大日企合作", "shortTitle": "不止车用晶片！辉达将供应丰田GPU与开发工具在自动操控机械", "img": "https://cimg.cnyes.cool/prod/news/6536650/l/e76d865b81e270f80af5556bbb224af3.jpg", "createdAt": "2026-07-16T05:03:07.000Z", "description": "美国 AI 晶片巨擘辉达今 (16) 日宣布，将在自动操控机械的「物理 AI」领域扩大与日本企业合作，将参与日本车厂丰田技术验证城市「Woven City」部分计划的开发。提供基础技术以促进 AI 在日本的应用。辉达将向丰田子公司、涉足先进技术研发的 Woven by Toyota 提供 GPU 和开发工具。这将有助于发展 Woven City 交通管制系统所需的 AI 模型。辉达将向丰田提供下一代汽车的半导体，也将提供开发在制造现场驱动机器人的 AI 所需的软体基础技术。丰田将把这些技术用", "pv": 113, "pinyin": "AI", "name": "科技", "path": "/new/AI" }, { "id": 10047, "title": "乌军连环炸「俄罗斯版亚马逊」物流仓库俄女首富怒了", "shortTitle": "乌军连环炸「俄罗斯版亚马逊」物流仓库俄女首富怒了", "img": "https://cimg.cnyes.cool/prod/news/6560289/l/0383426b4bb4b45b3b01f415bf8b2acd.jpg", "createdAt": "2026-08-06T21:30:11.000Z", "description": "俄罗斯莫斯科州契诃夫市一处巨型工业园周二 (4 日) 被乌克兰自杀式无人机精准命中，爆炸引发冲天大火，造成至少 5 死 10 伤，遇袭设施隶属俄国最大电商野莓 (Wildberries)。自 7 月中旬起，被称为「俄版亚马逊」的野莓物流仓库已成乌军打击清单常客。根据美媒与《法新社》统计，过去数周，野莓约 20 处物流设施遭袭，遍布莫斯科州、圣彼得堡、萨马拉、坦波夫、梁赞、叶卡捷琳堡，甚至深入俄控克里米亚。 Data Insight 分析师 Sergei Semko 估计，光是莫斯科与坦波夫两地", "pv": 113, "pinyin": "AI", "name": "科技", "path": "/new/AI" }, { "id": 11113, "title": "量产延至2028！三星电机玻璃基板认证受挫恢复测试至少耗时一年", "shortTitle": "量产延至2028！三星电机玻璃基板认证受挫恢复测试至少耗时", "img": "https://cimg.cnyes.cool/prod/news/6574896/l/c6c7083941de8406e4feff6e6f46f75c.jpg", "createdAt": "2026-08-13T02:50:04.000Z", "description": "外媒最新报导指出，三星电机与日本住友化学旗下东友精细化学合资的玻璃基板公司GlaSSEM研发遇挫，送测全球主要通讯半导体厂的TGV(玻璃通孔)样品未过可靠性认证，原定2027年下半年量产目标推迟至2028年以后，设备采购时程连续跳票数次，产线建设全面停滞。韩媒《The Elec》近日报导指出问题出在材料与制程，样品于高低温循环、湿热老化测试中出现形变、微孔导通不稳，未达AI算力晶片与CPO光模组封装门槛。三星电机须重调玻璃配方与TGV钻孔参数、重做样品走完客户全流程复测，业内估算周期至少一年以", "pv": 103, "pinyin": "AI", "name": "科技", "path": "/new/AI" }, { "id": 7926, "title": "三星巨额奖金掀骨牌效应！南韩工会抢分AI红利现代汽车喊出「机器人别想进厂」", "shortTitle": "三星巨额奖金掀骨牌效应！南韩工会抢分AI红利现代汽车喊出「", "img": "https://cimg.cnyes.cool/prod/news/6543329/l/f3ed35991451eb161d0db065246f71ca.jpg", "createdAt": "2026-07-23T04:30:42.000Z", "description": "三星电子对工会让步，发放逾 40 万美元奖金给部分员工后，南韩劳工工会掀起新一波争取高额分红浪潮。这股浪潮最初源自工会要求三星电子与 SK 海力士 (SK Hynix) 等两大晶片制造商，分享人工智慧 (AI) 热潮带来的庞大利润，如今已扩散至与 AI 几乎无关的产业，也再次凸显南韩向来强大的工会势力，为投资人带来的潜在风险。彭博报导，光是本周，现代汽车 (Hyundai Motor) 生产线员工便发起为期三天的部分罢工，要求公司将合并获利最高 30% 提拨作为员工奖金。无独有偶，HD 现代", "pv": 102, "pinyin": "AI", "name": "科技", "path": "/new/AI" }, { "id": 10770, "title": "Anthropic全面导入「隐形浮水印」！复制文字、生成图片都能追溯来源", "shortTitle": "Anthropic全面导入「隐形浮水印」！复制文字、生成图片", "img": "https://cimg.cnyes.cool/prod/news/6570771/l/b40423fb03dce2e6cad9388712348f3a.jpg", "createdAt": "2026-08-11T09:10:05.000Z", "description": "Anthropic 宣布 Claude 全面导入机器可读内容标记，AI 生成文字将嵌入隐形浮水印，图片则加入 C2PA 数位签章，协助追踪 AI 内容来源并符合欧盟 AI 法规。", "pv": 99, "pinyin": "AI", "name": "科技", "path": "/new/AI" }, { "id": 6740, "title": "ASML二度上修财测！AI晶片需求强点亮全年营收毛利前景", "shortTitle": "ASML二度上修财测！AI晶片需求强点亮全年营收毛利前景", "img": "https://cimg.cnyes.cool/prod/news/6535575/l/0f10d6ddefea383012939a4ca13b8bd3.jpg", "createdAt": "2026-07-15T05:43:17.000Z", "description": "荷兰半导体设备大厂艾司摩尔 (ASML)(ASML-US) 周三 (15 日) 上修全年财测，为今年来第二度调升，理由是顾客持续扩增人工智慧 (AI) 晶片产能。全年财测关键数字营收：430-450 亿欧元，原估 360-400 亿欧元毛利率：54-56%，原估 51-53% Q2 财报关键数字 vs 分析师预测销售：93.3 亿欧元 vs 88.5 亿欧元毛利率：54% EPS：7.59 欧元 ASML 上季就已调升过全年展望，以反映最高阶极紫外光 (EUV) 设备的需求持续不坠。在", "pv": 99, "pinyin": "AI", "name": "科技", "path": "/new/AI" }, { "id": 9756, "title": "Bernstein逆势看多AI！上调伺服器、AI晶片出货预测、称2026年是ASIC转折年", "shortTitle": "Bernstein逆势看多AI！上调伺服器、AI晶片出货预测", "img": "", "createdAt": "2026-08-05T09:50:11.000Z", "description": "Bernstein 最新报告指出，尽管 AI 供应链股 7 月大幅回档，但四大云端业者持续上修资本支出，带动 AI 伺服器与 AI 晶片需求增强，因此调高 2025 至 2028 年出货预测，预估全球伺服器市", "pv": 98, "pinyin": "AI", "name": "科技", "path": "/new/AI" }, { "id": 493, "title": "抢先三星、SK！铠侠抛出332层快闪记忆体BiCS10量产时程技术+财测优势获大摩列首选", "shortTitle": "抢先三星、SK！铠侠抛出332层快闪记忆体BiCS10量产时", "img": "https://cimg.cnyes.cool/prod/news/6469716/l/f42560a7f9b485a5b8ce054b025634fa.jpg", "createdAt": "2026-05-25T05:00:04.000Z", "description": "在三星与 SK 海力士近期双双延迟第十代 NAND Flash 量产节点之际，日本铠侠 (Kioxia) 率先抛出明确的量产时间表，试图抢占技术先机。近日，铠侠正式将第十代 BiCS10 3D NAND 快闪记忆体的量产列为 2026 财年 (2027 年 3 月止) 的首要战略重点。从技术规格来看，BiCS10 采用 332 层单元堆叠架构，相比现款 218 层的 BiCS8 增加约 52%，密度提升高达 59%，且配合 Toggle DDR 6.0 介面标准，其 I/O 传输速率从上一代", "pv": 98, "pinyin": "AI", "name": "科技", "path": "/new/AI" }, { "id": 9511, "title": "南韩打炒房式降杠杆奏效！杠杆ETF交易急冻晶片股波动降温", "shortTitle": "南韩打炒房式降杠杆奏效！杠杆ETF交易急冻晶片股波动降温", "img": "https://cimg.cnyes.cool/prod/news/6558583/l/fe43d7cd8b4978fc33f1c1118ef906ef.jpg", "createdAt": "2026-08-04T07:20:04.000Z", "description": "在主管机关近期祭出管制后，散户投资单一个股杠杆 ETF 的交易辆大幅萎缩，显示导致市场剧烈波动的投机资金受到抑制。南韩企划财政部长具润哲 (Koo Yun-cheol) 周二 (4 日) 表示，政府还会采取进一步措施抑制股市波动。南韩上周公布新一波管制措施，包括规定单一个股杠杆 ETF 投资金额不得超过投资人总投资资产的 20%。这是继两周前首波措施未能有效抑制散户疯抢高风险商品后，再度加码祭出的限制。具润哲在内阁会议直播中表示，政府将尽速落实上周四宣布的措施，进一步限制单一个股杠杆 ETF", "pv": 97, "pinyin": "AI", "name": "科技", "path": "/new/AI" } ], "prev": { "id": 17225, "title": "Meta Muse爆红却遭亚马逊封锁 AI购物代理人掀平台控制权之争", "name": "科技", "path": "/new/AI" }, "next": { "id": 17238, "title": "事发3个月后才通知！OpenAI智能体入侵政府资料库澳总理：通报流程与方式「不可接受」", "name": "科技", "path": "/new/AI" }, "randomRecommend": [ { "id": 4228, "title": "嘉盛集团外汇平台怎么样？交易环境和综合实力最全测评", "img": "/public/uploads/default/image/2026/06/29/1782715895604_9jxzim.jpg", "path": "/whhq" }, { "id": 1222, "title": "FXTM富拓新增比特币支付，对ECN Zero开通大师账户", "img": "/public/uploads/default/image/2026/05/29/1780040992681_m6qoyu.jpg", "path": "/whhq" }, { "id": 1324, "title": "什么是移动平均线？移动平均线的五大特性及应用", "img": "/public/uploads/default/image/2026/05/29/1780041047273_w4erql.jpg", "path": "/whrm" }, { "id": 1368, "title": "〈纽约汇市〉美元持平交易员静待关键数据", "img": "/public/uploads/default/image/2026/05/29/1780041071083_a1bm6g.png", "path": "/whjy" }, { "id": 1281, "title": "收下赠金那一刻，或许你已跌入外汇平台的陷阱", "img": "/public/uploads/default/image/2026/05/29/1780041015363_y1tku5.jpg", "path": "/whplat" }, { "id": 1247, "title": "顶尖操盘手的交易精髓：成为赢家要过的几道关！", "img": "/public/uploads/default/image/2026/05/29/1780041000822_mv12dt.jpg", "path": "/whhq" }, { "id": 1308, "title": "什么是均幅指标ATR？ATR均幅指标使用技巧和方法", "img": "/public/uploads/default/image/2026/05/29/1780041041005_fl8ne9.jpg", "path": "/whcl" }, { "id": 1319, "title": "外汇交易的进场策略和离场策略", "img": "/public/uploads/default/image/2026/05/29/1780041044615_09hv6z.jpg", "path": "/whcl" } ], "cate": { "id": 28, "pid": 15, "name": "科技", "pinyin": "AI", "path": "/new/AI", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, "article": { "id": 17226, "cid": 28, "subCid": null, "title": "3奈米产能不足+FEC算法漏洞！专家：1.6T光模组供应为主要瓶颈　供需缺口至少持续至2027下半年", "shortTitle": "3奈米产能不足+FEC算法漏洞！专家：1.6T光模组供应为主", "tagId": "", "attr": "", "articleView": null, "source": null, "author": "网络", "description": "野村指1.6T光模组DSP受3奈米制程限制，缺口恐延续至明年H2，今年缺口逾2千万颗。
800G DSP采7奈米、5奈米，供给较充裕；800G已成出货主力，1.6T仍处送样与小批量导入。
FEC漏洞与高速介面相容性也压抑供给，产业供应向头部集中，NPO/CPO与TIA/Driver成后续观察重点。", "img": "https://cimg.cnyes.cool/prod/news/6614058/l/5cd6cd2f257f4ff349a03dbfdb135394.jpg", "content": "根据野村周二(22日)召开的AI基础设施服务商专家电话会议纪录，1.6T光模组正踩下产业放量的煞车，而卡住它的不是产能意愿，是3奈米制程。1.6T光模组数位讯号处理器(DSP)的结构性供应缺口至少将持续至2027年下半年，因先进制程产能不足与良率偏低，而非需求端的短暂波动。\n<img src=\"https://cimg.cnyes.cool/prod/news/6614058/l/5cd6cd2f257f4ff349a03dbfdb135394.jpg\" alt=\"3奈米产能不足+FEC算法漏洞！专家：1.6T光模组供应为主要瓶颈　供需缺口至少持续至2027下半年\" style=\"width:50%;height:auto;border-radius:6px;margin:15px auto;display:block;\">\n\n\n专家认为，缺口规模从2026年的约300万颗，扩大至2027年的逾2000万颗。今年1.6T DSP需求预计超过2000万颗，实际出货仅1600万至1700万颗，缺口约300万至400万颗；明年需求将攀升至6000万至7000万颗，供给仅4000万颗缺口超过2000万颗缺口。专家判断，产能的实质释放要等到2027年下半年。\n\n这项判断与产业端的实际回应相互印证。在9月12日至14日深圳光博会上，多家重量级厂商确认800G光模组已成为出货主力，1.6T处于送样及小批量导入阶段。\n\n剑桥科技表示，全行业都面临DSP晶片供应短缺，对1.6T产能放量构成制约；东山精密方面则指出，200G EML雷射器已进入量产，但受DSP供给制约，出货量仍然有限。华工科技上月亦称今年上半年800G、1.6T光模组受核心物料到货影响，实际交付量不如预期的50%，7-8月供应链齐套率已恢复至70%。有业内人士预计，光模组市场供不应求的局面将至少持续到2028年。\n\n与1.6T形成鲜明对照的是800G的充裕。 800G DSP采用7奈米与5奈米制程，2025年出货量约2500万至2600万颗，2026年预计接近5000万颗，2027年将进一步跃升至1.2亿至1.5亿颗，增量来源除AI资料中心外，还包括进入换代周期的电信市场。\n\n800G跟1.6T两条产品线的供需轨迹之所以分化，症结在于制程世代，因1.6T DSP必须依赖3奈米，而该过程目前产能不足、良率偏低。\n\n此外，部分前向纠错(FEC)演算法存在漏洞尚待修复，高速DSP介面与网路交换器之间也存在相容性问题，多重障碍叠加，进一步压低了有效供给的释放速度，这与业界普遍反映的瓶颈位置一致。\n\n华西证券指出，200G以上速率EML雷射与高速DSP晶片是中游光模组量产交付的主要限制；中际旭创亦表示，核心确实是3奈米DSP产能供应偏紧，整体仍能维持供应。\n\n供给约束正在重塑产业格局，且向头部集中。高昂的先进制程流片成本、长达约两年的客户验证周期，以及复杂的讯号处理演算法门槛，涵盖FEC、误码率控制、均衡技术与色散补偿，共同构筑了高阶DSP市场的护城河。\n\nDSP需光模组厂商与终端客户共同参与测试，单一测试周期可达约两年，终端客户切换成本极高，倾向延续与既有供应商的合作。部分二线厂商虽具备800G DSP生产能力，但缺乏客户生态，难以实质切入。在中国市场，Sitrus Technology、Joywell Semi等厂商已在研发800G DSP，但尚未形成规模出货。\n\n野村纪录显示，800G DSP长约协议(LTA)价格为45至70美元，1.6T DSP LTA价格为120至150美元，零售价较合约价高出10%至20%。随着明年产能逐步释放，800G DSP合约价格预计下降约10%，1.6T DSP因缺口更大，降幅相对较小。\n\n根据高盛判断，800G光模组2027年降价幅度将控制在个位数以内，1.6T价格维持在700美元以上，产业龙头透过研发协作、直接投资、预付款与LTA锁定产能，为定价纪律提供结构性支撑。\n\n在NPO/CPO路线演进下，为降低功耗，DSP将被移除，均衡、误码与失真校正功能部分转由TIA/驱动晶片承担、部分由交换晶片承担，对TIA与驱动晶片的线性度提出更高要求。主要厂商已实现每通道200G量产，400G仍在研发，核心壁垒在于同时达到高线性度、低杂讯与低功耗。\n\n由于TIA/驱动可采用28奈米成熟过程，中国厂商已实现100G量产、200G处于送样阶段，但在产品稳定性与客户验证周期上仍有明显差距。\n\n随着光模组从可插拔向LPO/NPO/CPO演进，技术要求由传统放大接收转向高频宽、高线性、低杂讯与片上讯号补偿，SerDes IP与线性类比前端(TIA/Driver)等电晶片价值上行。\n\n在深圳光博会上，中国国内相容可插拔技术的NPO被视为国内主流选择，NPO产品已完成客户送样与验证，有厂商预估2027年NPO技术可望实现量产，2028年3.2T光模组开启商用。\n\n根据TrendForce(集邦咨询)指出，阿里巴巴、腾讯等CSP已将NPO视为近中期主轴，Meta与微软倾向优先布局NPO，亚马逊则采取多供应商策略与意式半导体合作。\n\n谷歌的实践提供了另一条技术路径。其TPU与OCS网路中已采用2.4T轻相干(coherent-lite)收发器，仅使用单一固定波长O波段，涵盖2至20公里传输距离。专家指出，轻相干DSP技术障碍低于传统相干DSP，但高于标准PAM4 DSP。\n\n明年上半年是核心验证窗口。纪录也显示，判断缺口逻辑是否成立必须盯住三组指标：结果层面看1.6T光模组与电晶片的实际出货量，以及3奈米DSP在明年下半年的供给释放进度；机制验证层级看DSP良率改善与FEC演算法缺陷修复、400G TIA/驱动送样与客户验证层级看DSP良率改善与FEC演算法缺陷修复、NPO/CPO在交换机侧的导入比例。\n\n专家指出，若2027年1.6T供给明显高于4000万至5000万颗、DSP价格降幅显著超过合约价约10%的假设，或NPO/CPO加速替代导致DSP需求被提前压缩，则当前缺口判断需要下修。主要厂商季度业绩与光模组出货数据，将是此阶段最重要的观察节点。\n<div class=\"related-articles seo-links\">\n <h4>相关阅读</h4>\n <ul>\n <li><a href=\"/new/AI/article-13452.html\" title=\"假色情App竟会偷偷转走存款！Meta急下架数十则诈骗广告\">假色情App竟会偷偷转走存款！Meta急下架数十则诈骗广告</a></li>\n <li><a href=\"/new/AI/article-389.html\" title=\"Maia等来大客户？Anthropic正跟微软洽谈租用AI晶片伺服器专家：或改写云端运算竞争格局\">Maia等来大客户？Anthropic正跟微软洽谈租用AI晶片伺服器专家：或改写云端运算竞争格局</a></li>\n <li><a href=\"/new/AI/article-16478.html\" title=\"Anthropic首度公开3大AI发展指标！算力6%投入AI安全响应阿莫戴减速诉求\">Anthropic首度公开3大AI发展指标！算力6%投入AI安全响应阿莫戴减速诉求</a></li>\n <li><a href=\"/new/AI/article-16040.html\" title=\"OpenAI联手Anthropic、谷歌商讨AI安全　FTC泼冷水警告：勿趁机筑「护城河」\">OpenAI联手Anthropic、谷歌商讨AI安全　FTC泼冷水警告：勿趁机筑「护城河」</a></li>\n <li><a href=\"/new/AI/article-17224.html\" title=\"Meta智慧眼镜阵容大扩充！无相机版登场、三代支援Muse AI与助听功能\">Meta智慧眼镜阵容大扩充！无相机版登场、三代支援Muse AI与助听功能</a></li>\n <li><a href=\"/new/AI/article-6182.html\" title=\"有钱也买不到！燃气涡轮机全球缺货三星、SK海力士半导体园区电力保供拉警报\">有钱也买不到！燃气涡轮机全球缺货三星、SK海力士半导体园区电力保供拉警报</a></li>\n </ul>\n</div>", "status": 0, "pv": 1, "link": "https://news.cnyes.com/news/id/6614058", "createdAt": "2026-09-23T23:40:03.000Z", "updatedAt": "2026-09-24T00:41:23.000Z" }, "position": [ { "id": 15, "pid": 0, "name": "热点新闻", "pinyin": "new", "path": "/new", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "children": [ { "id": 25, "pid": 15, "name": "美股", "pinyin": "mg", "path": "/new/mg", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 26, "pid": 15, "name": "港股", "pinyin": "hk", "path": "/new/hk", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 27, "pid": 15, "name": "台股", "pinyin": "tw", "path": "/new/tw", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 }, { "id": 28, "pid": 15, "name": "科技", "pinyin": "AI", "path": "/new/AI", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "level": 1 }, { "id": 28, "pid": 15, "name": "科技", "pinyin": "AI", "path": "/new/AI", "orderBy": 0, "target": "0", "status": "0", "listView": "list.html", "articleView": "article.html", "seoTitle": "", "seoKeywords": "", "seoDescription": "", "type": "0", "dataConfig": null, "level": 1 } ], "_locals": {}, "cache": false }

相关阅读

为您推荐