最让人佩服的，还是他们的技术硬实力。以前啊，高端光学镀膜设备这一块，基本是国外企业的"天下"，技术攥在别人手里，咱们下游产业想发展都得看 人家脸色，这"卡脖子"的滋味太难受了。但成都国泰真空偏不信这个邪，死磕技术难关，硬是把电子束蒸镀、磁控溅射镀膜这些关键光学装备给做出来 了，实现了国产化。更牛的是，他们自己研发的射频离子源和光学膜厚监控系统，直接把国外的技术垄断给打破了，填补了国内的空白——这一步，对整 个行业来说都算得上是"里程碑"级别的突破。 12月初，半导体装备圈出个大消息——北方华创，就是咱们国内半导体装备领域的"老大哥"，正式把成都国泰真空90%的股权收入囊中，交割手续全办完 了。这波操作可不是小打小闹，对北方华创来说是产业链布局的关键一步；往大了说，这标志着咱们国家高端光学真空镀膜设备的国产化，算是踩上 了"加速键"，那些卡脖子的核心装备，自主可控又近了一大步。 可能有些朋友对成都国泰真空不太熟，这家公司2013年才成立，满打满算也就十来年历史，但在光学真空镀膜设备这行，绝对是"后起之秀"。从一开始， 他们就盯着核心技术搞研发、做产品，没走弯路。靠着精准的市场判断和砸进去的真金白银研发投入，现在 ...

近日，中国证监会服务平台公示信息显示，深圳三地一芯电子股份有限公司已正式开启首次公开发行股票并上市的辅导备 案工作，本次辅导机构确定为实力雄厚的国泰海通证券股份有限公司。 USB系列作为公司主力产品，包含USB2.0和USB3.2两大类别。其中FC2279等USB2.0闪存主控芯片，内置高性能ECC纠错 引擎，采用低功耗设计，在保证高品质、高兼容性的同时，实现了数据安全性与稳定性的双重提升，该系列产品在细分领 域完全领先同行，创造了多项行业第一。全新USB3.2系列芯片则以高达5Gb/s的传输速度、坚固耐用的特性，成为高速可 靠存储场景的优选方案，凭借速度快、兼容性好、成本低等优势已成功进入多家品牌客户供应链。 | 辅导对象 | 深圳三地一芯电子股份有限公司 | | | | --- | --- | --- | --- | | 成立日期 | 2015 年 12 月 29 日 | | | | 注册资本 | 3,000.00 万元 | 法定代表人 | 陈向兵 | | 注册地址 | 深圳市龙岗区坂田街道岗头社区天安云谷产业园二期 4 栋 4 层 | | | | | 402-406 | | | 成立于2015年的三地一 ...

Core Viewpoint - R Zijing has been found guilty of securities fraud and information disclosure violations, resulting in significant penalties for the company and its former executives [1][4][7]. Summary by Sections Legal Proceedings - The case was accepted on November 11, 2024, with R Zijing and 11 former executives, including the former legal representative Zheng Mu and actual controller Luo Tiewei, as co-defendants [4]. - The core of the case involves two main charges related to financial fraud and information disclosure violations before and after the company's IPO [4]. Financial Misconduct - R Zijing, established in April 2010, went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in February 2020. The company engaged in fraudulent activities from 2017, including signing false sales contracts and falsifying logistics documents to inflate revenue and profits [4][5]. - The company’s prospectus contained false records, with inflated profits accounting for 34.83% of total profits in 2017, 32.25% in 2018, and 42.97% of revenue and 137.31% of profits in the first half of 2019. Additionally, it failed to disclose external guarantees totaling 125 million yuan [4][5]. Continued Fraudulent Activities - The fraudulent activities persisted from 2019 to 2021, with the 2020 annual report showing inflated revenue by 63.15% and profits by 174.67%. The company also failed to disclose significant external guarantees related to time deposits, with amounts reaching up to 418 million yuan, exceeding 22% of the audited net assets [5]. Consequences - In July 2023, R Zijing was delisted from the Shanghai Stock Exchange due to serious violations, resulting in losses of approximately 1.097 billion yuan for 17,471 investors [5]. - The first-instance judgment imposed a fine of 37 million yuan on R Zijing, with various prison sentences and fines for the 11 former executives, including Zheng Mu receiving a total sentence of 7 years and a fine of 500,000 yuan [7][8].

Core Viewpoint - Chipone Technology announced a strategic capital increase for TianSui Semiconductor, acquiring control of ZhuDian Semiconductor, which is expected to enhance its position in the semiconductor industry and improve its AI ASIC market competitiveness [1][6]. Group 1: Capital Increase and Shareholding Structure - On December 12, Chipone Technology signed a capital increase agreement with TianSui Semiconductor and five investment partners, with TianSui planning to increase its registered capital by 940 million yuan [1]. - Chipone will contribute 350 million yuan in cash and an additional 20 million yuan through its existing 2.11% stake in ZhuDian Semiconductor, resulting in a significant ownership stake [1]. - After the capital increase, TianSui's registered capital will rise from 10 million yuan to 950 million yuan, with Chipone becoming the largest shareholder with a 40% stake [5]. Group 2: Investment Partners - The investment partners include prominent entities such as Huaxin Dingxin, Guotou Xiandao, Yitang Yuanchuang, and Hanzhe Chuangtou, contributing a total of 550 million yuan to support the acquisition [4]. - Huaxin Dingxin invested 300 million yuan, while Guotou Xiandao contributed 150 million yuan, showcasing a strong backing from established investment firms [4]. Group 3: Strategic Implications - ZhuDian Semiconductor, established in 2004, is a leading provider of video and display processing chip solutions, holding over 160 patents and dominating the 3LCD projector control chip market with over 80% share [5]. - The acquisition allows Chipone to offer a comprehensive solution from image preprocessing to postprocessing for mobile clients, enhancing its capabilities in emerging fields like AI smartphones and cloud gaming [5]. - The market analysis suggests that this strategic acquisition aligns with the trend of domestic semiconductor replacement and policy support, potentially setting a new benchmark for industry consolidation [6].

Core Viewpoint - Russia is developing a new processor named "Irtysh" based on China's LoongArch architecture, aiming for self-sufficiency and independence in technology amidst geopolitical pressures [1][4][22]. Group 1: Processor Development and Market Focus - The Irtysh processor is initially targeted at the server market, with plans to expand into the PC sector and potentially beyond Russia [2]. - The development of Irtysh involves significant investment, although specific amounts have not been disclosed [4]. Group 2: Geopolitical Context and Technology Independence - The need for self-sufficient computing capabilities has become an urgent reality for both China and Russia due to escalating sanctions from the U.S. on high-end chips and related technologies [5][6]. - The reliance on foreign technology has led to challenges for Russia, as seen with the Baikal processor's failure due to dependency on ARM licensing [9]. Group 3: Technical Features and Ecosystem - The Irtysh C616 processor utilizes the LoongArch LA664 core, providing a viable and sustainable technology path for Russia, free from U.S. regulatory constraints [12][13]. - The software ecosystem supporting LoongArch has matured, with various tools and operating systems already in place, enhancing its viability [12]. Group 4: Global Computing Landscape Shift - The emergence of LoongArch signifies a shift towards a multi-polar global computing architecture, moving away from the dominance of x86 and ARM [16]. - The collaboration between China and Russia in adopting LoongArch indicates the formation of a large-scale independent instruction set architecture, challenging Western technological hegemony [16][22]. Group 5: Economic Implications and Strategic Partnerships - The partnership with Tramplin Electronics for the Irtysh processor represents a strategic move for Russia to rebuild its technological framework and for China to expand its instruction set globally [21][22]. - The potential for ongoing revenue through IP licensing and technology services from the Irtysh processor could provide a stable cash flow for Chinese companies involved [21].

Core Viewpoint - Intel is testing chip manufacturing tools from ACM Research, a company that has faced U.S. sanctions due to allegations of supporting the Chinese government in military technology and advanced chip manufacturing [1][3]. Group 1: Company Background - ACM Research is headquartered in California, with subsidiaries in Shanghai and South Korea that were sanctioned last year [3]. - The founder of ACM Research, Wang Hui, graduated from Tsinghua University and established the company in Silicon Valley in 1998. He holds 57% of the voting shares and has both U.S. citizenship and Chinese permanent residency [4]. Group 2: Testing and Technology - The wet etch equipment being tested by Intel may be used in its advanced 14A process, which is scheduled for release in 2027 [3]. - There is no confirmation that Intel has decided to incorporate these tools into its advanced process, nor is there evidence that Intel has violated U.S. regulations [3]. Group 3: National Security Concerns - U.S. officials express significant national security concerns regarding Intel's testing of tools from a sanctioned company, fearing that sensitive technology could be transferred to China [3]. - The involvement of a U.S. government investment in Intel raises alarms about the potential replacement of reliable Western equipment suppliers by Chinese firms [3]. Group 4: Policy Implications - The testing of ACM Research tools highlights serious vulnerabilities in U.S. technology protection policies, according to Chris McGuire, a former National Security Council official [4].

2017年诞生于广州黄埔的粤芯，肩负着填补粤港澳大湾区12英寸晶圆制造的产业空白的重任。在半导体产业"缺芯"浪 潮中，这家企业以惊人的"广州速度"实现突破：2018年3月打桩建设，2019年9月便完成工艺开发并启动量产，仅用18 个月就走完了传统晶圆厂数年才能完成的建设周期，彻底改写了广州"有电子产业无芯片制造"的历史。 如今， 粤芯 已建成区域产能最大的12英寸芯片生产平台，一期、二期项目实现合计月产8万片晶圆的量产能力，三期 投产后总产能将进一步提升至12万片/月，为物联网、汽车电子、工业控制等关键领域提供核心支撑。 近日，证监会IPO辅导公示系统公告，被誉为"广州第一芯"的粤芯半导体技术股份有限公司已联合辅导券商广发证券 向广东证监局提交《辅导工作完成报告》，正式启动IPO辅导验收程序。从2025年4月24日提交辅导备案到如今进入验 收阶段，共计经历了7个多月。 作为广东半导体制造的"拓荒者"，粤芯的差异化发展路径构筑了独特竞争力。与聚焦先进制程的行业巨头不同，粤芯 深耕180-40nm成熟制程，专攻高压、车规等模拟芯片特色工艺，在细分领域形成了比肩行业的实力。其40nm车规芯片 不仅通过严苛的AEC- ...

Core Viewpoint - Muxi Integrated Circuit (Shanghai) Co., Ltd. has disclosed the results of its initial public offering (IPO), indicating a significant interest from investors despite some shares being abandoned during the subscription process [1][3]. Summary by Sections IPO Details - The IPO application for Muxi Co. has been approved by the Shanghai Stock Exchange and registered by the China Securities Regulatory Commission. The offering price is set at 104.66 yuan per share, with a total issuance of 40.1 million shares, all being new shares [3]. - After the adjustment mechanism was activated, the final number of shares issued offline was 22.83 million, accounting for 70.26% of the total issuance after deducting the strategic placement. The online issuance accounted for 29.74% with a final winning rate of 0.03348913% [3][4]. Subscription and Abandonment - The subscription and payment process for the new shares concluded on December 9, 2025. Online investors subscribed to 9.65 million shares, amounting to 1.01 billion yuan, while offline investors subscribed to 22.83 million shares, totaling 2.39 billion yuan. A total of 20,349 shares were abandoned by online investors, representing an abandonment amount of 2.13 million yuan [4][7]. Underwriting and Company Background - All shares abandoned by online investors will be underwritten by the lead underwriter, accounting for 0.06% of the total issuance after strategic placement and 0.05% of the total issuance [7]. - Muxi Co. was established in September 2020 in Shanghai and has set up subsidiaries and R&D centers in several major cities. The company is a leading player in high-performance general-purpose GPU products, focusing on the development of high-performance GPU chips and computing platforms for various industries [7]. Financial Performance - The financial performance of Muxi Co. shows that in 2022, 2023, 2024, and the first quarter of 2025, the revenues were 426,400 yuan, 53.02 million yuan, 743.07 million yuan, and 320.42 million yuan, respectively. The net profits attributable to the parent company were -77.67 million yuan, -87.11 million yuan, -140.89 million yuan, and -23.25 million yuan, indicating that the company has not yet achieved profitability. The earliest expected time to reach breakeven is projected for 2026 [7].

2025年12月13日，芯原微电子(上海)股份有限公司（证券代码：688521，简称"芯原股份"）正式发布公告，宣布终止发行股份及支付现金购买芯来智融半 导体科技(上海)有限公司（简称"芯来智融"）97.0070%股权并募集配套资金的重大资产重组事项。该决策已于12月11日经公司第三届董事会第七次会议审 议通过。 这已经是短短半个月来第六起收购案告吹，不得不令人深思！昨天刚刚发布的文章还没凉透： 半月五起收购案告吹！蓝盾光电终止星思半导体收购 据公告披露，芯原股份近期收到芯来智融管理层及交易对方提出的终止交易通知。经公司董事会战略与ESG委员会、审计委员会及独立董事专门会议审慎 评估，认为标的方核心诉求与当前市场环境、政策要求及公司全体股东利益存在偏差，为维护企业长远发展，最终达成终止交易的共识，并授权公司董事 长统筹办理后续相关事宜。 回溯交易进程，这场并购自启动以来便牵动行业神经。2025年8月28日，芯原股份与芯来智融相关股东签署股权收购意向协议，公司股票于8月29日起停 牌。9月11日，公司董事会审议通过交易预案并签署正式收购协议，股票于次日复牌。作为国内RISC-V领域的重要布局，芯来智融聚焦RIS ...

12月12日晚，摩尔线程公告，为提高募集资金使用效率，合理利用部分闲置募集资金，在不影响募集 资金投资项目建设实施、募集资金使用计划和保证募集资金安全的情况下，合理使用部分闲置募集资金 进行现金管理，提高募集资金使用效益。 根据公告，公司及实施募投项目的子公司计划使用最高不超过75亿元（含本数）的闲置募集资金进行 现金管理，使用期限自董事会审议通过之日起12个月内有效。在上述额度及期限范围内，资金可以循 环滚动使用。 摩尔线程表示， 公司及子公司将按照相关规定严格控制风险，拟使用部分闲置募集资金购买包括但不 限于协定存款、通知存款、定期存款、结构性存款、大额存单、收益凭证等安全性高、流动性好的保本 型产品。 摩尔线程称，本次使用部分募集资金进行现金管理，是在符合国家相关法律法规要求、确保不影响公司 募集资金投资进度、有效控制投资风险的前提下进行的，公司使用部分募集资金进行现金管理不会影响 公司日常经营和募集资金投资项目的正常开展，同时可以提高募集资金的使用效率，合理利用部分募集 资金，增加公司现金资产收益，为公司及股东获取更多的回报。 摩尔线程今日股价大幅走低，股价一度 回落至800元下方。 截至收盘，跌13 ...