列治文中区省选是兵家必争之地，四位候选人各具特色： 1，NDP候选人姚君宪，Henry Yao，深耕社区多年，辛勤参与学校和教会，给教会洗碗，在工会、教会、台湾社区有深厚的铁票仓，历史上同样的省议员选举战胜过卢仙泳。 2，BCC候选人施陪德，sacha peter在保守党内有深厚的人脉基础，财务专家，善于扭亏为盈，改善公共部门财务状况。 3，加西人民党候选人陈卫平，Lawrence Chen，老北京射击队教练，90年代移民列治文，最早的枪牌教练，深耕普通话社区多年，是无数大陆新移民的枪牌教练。 4，绿党候选人党政，Calvin Dang，来自中国大陆的水产及食品企业家移民代表，在列治文有深厚的经营企业的经验，为很多人提供了工作岗位，为很多小学，教会捐赠过急需的物资。 那么，你觉得谁更有赢下中区MLA的可能性？ Richmond Centre is a key battleground in the provincial election, and each of the four candidates brings a distinctive set of strengths to the race. 1. Henry Yao — BC NDP Henry Yao has spent many years building relationships within the community. He has been actively involved in local schools and churches, including volunteering to wash dishes at church events. He has established a strong support base among labour unions, churches, and the Taiwanese community. In a previous provincial election in the same riding, he also defeated Sin Yung Lo. 2. Sacha Peter — BC Conservatives Sacha Peter has strong connections within the Conservative Party. A financial expert, he is known for his ability to turn financial situations around and improve the fiscal performance of public-sector organizations. 3. Lawrence Chen — People’s Party of Canada West (CanWest) Lawrence Chen is a former shooting coach with Beijing’s shooting team who immigrated to Richmond in the 1990s. He was among the earliest firearms licensing instructors in the area and has spent many years building relationships within the Mandarin-speaking community. He has served as a firearms licensing instructor for countless new immigrants from mainland China. 4. Calvin Dang — BC Greens Calvin Dang represents the entrepreneurial immigrant community from mainland China. He has extensive experience running businesses in Richmond and has provided employment opportunities for many people. He has also donated essential supplies to numerous elementary schools and churches. So, which of these four candidates do you think has the strongest chance of winning the Richmond Centre MLA seat？

$VICR 受到利好消息刺激，盘后股价涨幅达到11% VICOR 官宣一家领先的AI OEM厂商获得其VPD专利产品的授权。这对VICOR而言，是重大突破。（尤其考虑到VICOR目前正挥舞专利大棒，向诸多竞争对手发起了新一轮诉讼） ============================= Vicor licenses VPD to a leading AI OEM Sep 16, 2026 at 4:00 PM EDT ANDOVER, Mass., Sept. 16, 2026 (GLOBE NEWSWIRE) -- Vicor has granted a non-exclusive license to a new OEM licensee with the right to procure Vertical Power Delivery (VPD) modules covered by Vicor patents from unlicensed suppliers. VPD enables high-performance AI compute and network processors fueled at a high current density from a low voltage source. VPD systems, consisting of a “multi-cell converter” and a VPD network, enable breakthrough performance by avoiding the “the last inch problem” of Lateral Power Delivery (LPD). VPD systems are protected by foundational patents to innovations conceived during a decade of pioneering research conducted by Vicor in the U.S. VPD licensees can source VPD solutions from unlicensed global suppliers, whose multi-cell Voltage Regulators (VR) or Integrated Voltage Regulators (IVRs) are stacked in a multi-layer system. VPD solutions using high current density and high gain MCM™ current multipliers manufactured as ChiPs™ (Converters housed in Package™) in a Vicor fab are also available to licensees. MCMs enable substantially higher total system efficiency, are much thinner and mechanically and thermally adept. By procuring VPD modules for high-performance AI accelerators from Vicor, licensees may earn substantial discounts on licensing royalties for commodity VPD modules from unlicensed suppliers. The Vicor licensing practice provides OEMs and hyperscalers with multi-source flexibility, supply chain redundancy, and scalability, including from U.S. based Vicor fabs. As high-performance compute and network processors migrate to VPD, unlicensed OEMs and hyperscalers may need a license to secure their supply chain. Potential licensees may expect a structured licensing practice providing much lower royalty rates for early adopters. Supply agreements with infringing suppliers may contain indemnification provisions for recovery of royalties and monetary damages, but cannot overcome importation bans.

今天，全球电源系统领军企业 Vicor Corporation（NASDAQ: VICR） 公布了其 2026 年第二季度财报。 一、 Vicor 二季度财报核心盘点 Vicor 本季度的业绩展现出极强的弹性，在核心指标及前瞻能见度上实现了全方位的超预期（Double Beat）： 营收增长：单季度营收达到 1.434 亿美元（环比增长 26.9%），超出华尔街预期的 1.387 亿美元。 盈利爆发：净利润升至 4,980 万美元，摊薄后每股收益（EPS）达到 $1.04，大幅击败分析师一致预期的 $0.62–$0.65（超幅超 60%）；毛利率环比回升至 58.0%。 订单狂飙：截至二季度末，在手订单（Backlog）达到 3.8 亿美元，环比增长 26%，同比增长高达 145%，锁定了未来数个季度的业绩能见度。 为什么 EPS 的超预期幅度远大于营业利润？ 本季营业利润（3,490 万美元）超出预期约 5%，但 EPS 却出现爆发式超预期。其核心原因在于**“营业下（Below-the-Line）项目”**的合力贡献： 高毛利特许权收益（Royalty）：技术授权许可收入边际成本极低，直接拉动净利润； 巨额现金的利息收益：账面 4.536 亿美元现金在高利率环境下产生了数百万美元的非营业利息收入； 有效税率下降：受研发税收抵免等因素影响，实际有效税率大幅低于华尔街模型预估。 二、 财报释放的三大产业信号 Vicor 的业务专注于高性能电源模块（Power Modules）与分级电源架构（FPA™），其主打的 48V 低损耗供电网络 及 垂直供电（VPD）技术 旨在解决芯片“最后一英寸”的供电与散热问题。从更广的产业视角来看，这份财报释放了三个关键趋势： 1. 供电网络（PDN）成为算力新瓶颈 12V 传统供电架构在千瓦级芯片面前已难以为继。在手订单大增 145% 印证了数据中心正在全面加速向 48V 及更高压供电架构转变。高功率密度电源模块已从“高端选配件”演变为顶级 AI 算力的“必选基础设施”。 2. 生态规模化：从单点供应走向授权与多源供应（Multi-Sourcing） 特许权与授权收益（Royalty/Licensing）的增长，表明各大芯片与电源巨头正在通过付费授权的方式，将 Vicor 的设计规范纳入行业标准。多源供应解除了一级云厂商（Hyperscalers）对供应链单点故障的顾虑，将加速 48V 方案的普及。 3. 电源系统的产业链价值重估 在电力资源极度紧张的背景下，电源转换每减少 1% 的热损耗，就意味着能多部署数十张 GPU 并降低 PUE（能耗指标）。高壁垒的“电源与热管理”环节正享受与核心半导体类似的估值重估（Re-rating）。 三、小结 算力竞赛的战场早已不仅限于晶圆代工与逻辑设计，“电力输送效率、PCB 面积占用、热密度管理” 已经成为决定下一代 AI 超级计算机能否如期交付的决定性因素。跟踪电源与供电网络产业链的订单变化，将是观察整个 AI 硬件周期最敏锐的前瞻窗口之一。

上次 玉伯 @lifesinger 来北京，我跟他录了一期播客。 本来我是想找他闲聊的，他却认真地聊了聊产品的五个方向和 AI Native 团队协作的真实体验和反思。 当时也没做任何宣传，在小宇宙不知不觉也快 500 播放了。 感兴趣的朋友可以去听听。