产业观察 [table_Header]2025.10.26 【数字经济周报】TI低功耗 Bluetooth® 6.0 无线 MCU 产业研究中心 | 通过 | 认证 Bluetooth SIG | [Table_Authors] | 朱峰(分析师) | | --- | --- | --- | --- | | 摘要：数字经济动态事件速览 | 第 36 期（2025.10.18-2025.10.24） | | 021-38676284 | | | | | zhufeng@gtht.com | | [Table_Summary] | 半导体板块动态： | 登记编号 | S0880522030002 | | 1）TI | 低功耗 Bluetooth® 6.0 无线 MCU 通过 Bluetooth SIG 认证 | | | | 2）江波龙推出业内首款集成封装 | mSSD | | 汪 玥(分析师) | | 3）联华电子推出 | 55 纳米 BCD 平台 | | 021-38031030 | | 汽车电子板块动态： | | | wangyue8@gtht.com | | 1）萝卜快跑落地瑞士，将推出自动驾驶出行服务 | ...

HSINCHU, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ("UMC†), a leading global semiconductor foundry, today announced the release of its 55nm Bipolar- CMOS-DMOS (BCD) platform, enabling a new level of performance and power efficiency in next-generation mobile devices, consumer electronics, automotive, and industrial applications. Designed to address the growing complexity of power management in electronic devices, the new 55nm BCD platform delivers smaller. ...

Semiconductor Industry - Kaynes Semicon has shipped India's first commercially packaged multi-chip module to US-based Alpha & Omega Semiconductor (AOS), marking a significant milestone in India's semiconductor journey [17][18] - The Sanand OSAT facility, established under India Semiconductor Mission 1.0, received central funding of Rs 1,653.5 crore and has a capacity to produce 3,000 pieces per day, with plans for another shipment next month [4][17] - Once fully operational, Kaynes' facility is designed for a daily output of 6.3 million chips, with AOS expected to consume most of the initial capacity, ramping up to about 1.5 million chips per day by Q1 2026-27 [6][18] - Indian semiconductor startups are collaborating with advanced foundries in Taiwan and South Korea to scale their designs, with companies like Calligo Technologies and Mindgrove Technologies leading the way [8][18] Cryptocurrency Sector - Coinbase is increasing its stake in Indian cryptocurrency exchange CoinDCX, valuing the company at $2.45 billion, with the funding aimed at expanding CoinDCX's product suite and global reach [11][13][18] - Coinbase Ventures has been an investor in CoinDCX since May 2020, participating in previous funding rounds that established CoinDCX as India's first crypto unicorn [13][18] Financial Services - Paytm is restructuring its group structure by acquiring stakes from founder Vijay Shekhar Sharma and consolidating its online and offline merchant payment businesses under Paytm Payments Services Ltd (PPSL), which has received RBI's in-principle approval to operate as a payment aggregator [14][18] Investment Activities - Dutch investment firm Prosus has acquired an additional 5.06% stake in Le Travenues Technology, the parent company of online travel aggregator Ixigo, through off-market transactions [17][18]

Core Insights - India's semiconductor startup ecosystem is gaining momentum due to government policy support and rising domestic and global demand [1][6] - The government announced the ₹76,000 crore India Semiconductor Mission to support the industry [2][6] - The Design Linked Incentive (DLI) scheme is providing financial aid and access to advanced electronic design automation tools for startups [6] Industry Overview - Over the past four decades, India has produced chip designers for major companies like Texas Instruments, Intel, and AMD, establishing itself as the second-largest center for chip design for US, South Korean, and Japanese companies [3][6] - The talent pool in India is leading to the establishment of numerous semiconductor startups, many of which are reaching significant scale [3][6] Company Highlights - Calligo Technologies, a Bengaluru-based fabless semiconductor startup, has produced 100 Octacore CPU chips on TSMC's 28nm node in 2023, which are currently utilized by universities and research laboratories in the US [4][7] - The company is designing a 64-core system-on-chip for high-performance computing and AI workloads [5][7] - Calligo Technologies and other startups are increasingly collaborating with global foundries like TSMC, UMC, and DB Hi-Tek to scale up production and commercialization [6]

Core Viewpoint - UMC (United Microelectronics Corporation) has established a unique development path in the global semiconductor foundry industry, leveraging strategic layout, pragmatic technology routes, and deep global operations to create irreplaceable industrial value amidst fierce competition [3][5]. Group 1: Global Capacity Distribution - UMC's global capacity layout is a well-thought-out strategic network, with production bases in Taiwan, mainland China, Singapore, and Japan, showcasing operational resilience and risk diversification [7]. - In Taiwan, UMC's 12-inch wafer production capacity is stable at 90,000 to 107,000 pieces per month, primarily for advanced processes like 28nm and 22nm, with a utilization rate above 90% [8]. - The Xiamen facility in mainland China is set to reach a total capacity of 30,000 pieces per month, focusing on 28nm and 22nm products, benefiting from the rapid growth of the local semiconductor market [9]. - UMC's Singapore facility has a combined monthly capacity of approximately 15,000 pieces for mature processes, with plans to expand to 45,000 pieces by 2025 [10]. - The Japanese factory, acquired by UMC, has a monthly capacity of 30,000 pieces, serving local markets with high reliability and quality requirements [12]. Group 2: Technology Node Choices - UMC has strategically focused on 28nm and 22nm nodes, avoiding costly competition in cutting-edge processes, which has proven to be a wise decision given market demands [14]. - The 28nm process is widely used in various applications, achieving a balance between performance, power consumption, and manufacturing costs, while the 22nm process offers a slight cost reduction without significant performance changes [16][17]. - UMC's experience with the 14nm process highlights the importance of timing in the semiconductor industry, as late entry resulted in limited market share [18]. - A partnership with Intel for 12nm technology represents a significant opportunity for UMC, although challenges remain in aligning production processes [19]. - UMC is also investing in compound semiconductors, with over 80% of its 6-inch wafer production dedicated to GaN and SiC, targeting high-frequency and high-power applications [20]. Group 3: Customer Ecosystem and Market Competition - UMC's customer base reflects its market positioning, with a strong presence in the display driver IC (DDIC) sector, primarily serving Taiwanese design companies [23]. - In the analog and mixed-signal chip markets, UMC has diversified its customer base, including major international players like NVIDIA and Qualcomm, indicating a shift towards complex products that integrate advanced digital logic [24][25]. - UMC faces significant competition from SMIC, which benefits from strong local support and cost advantages, while maintaining a strategic confidence against GlobalFoundries due to its technological stagnation [26][27]. Group 4: Supply Chain Strategy and Future Growth Engines - UMC's supply chain is composed of top global brands, ensuring product consistency and high yield, but also exposing the company to global supply chain fluctuations [30][31]. - The company adopts a cautious approach to equipment procurement, particularly from Chinese and Korean suppliers, to mitigate technology leakage and geopolitical risks [32]. - UMC plans to expand capacity primarily through acquisitions rather than new greenfield investments, targeting underperforming fabs in developed economies [33]. - The company is entering the advanced packaging market, aiming to capture opportunities arising from the AI boom, with plans to increase its silicon interposer production capacity significantly [34]. Conclusion - UMC's journey reflects strategic determination and pragmatism, focusing on mature nodes with substantial market demand while building a robust global presence and customer relationships, positioning itself as an indispensable player in the semiconductor industry [36].

Market Overview - The main board led the gains with notable stocks such as Dingxin Communication (+10.04%), Hengwei Technology (+10.02%), and Wangda Software (+10.01%) [1] - The ChiNext board saw significant increases with Jiangbolong (+20.00%) and Online and Offline (+15.08%) [1] - The Sci-Tech Innovation board was led by Dahong Technology (+20.00%) and Pinming Technology (+18.60%) [1] - Active sub-industries included SW Integrated Circuit Testing (+4.44%) and SW Digital Chip Design (+3.11%) [1] Domestic News - Wentai Technology announced a business adjustment due to significant market demand growth, leading to supply tightness and a temporary halt on shipments and price agreements [1] - Gaon Electronics plans to acquire 100% of Ruicheng Chip Micro for 2.174 billion yuan and 45.64% of Nengwei Micro, accelerating its transformation into a one-stop chip design solution platform [1] - TSMC announced its latest partner list for its Open Innovation Platform, with Gaon Electronics recognized for its modeling and simulation technology [1] - United Microelectronics Corporation (UMC) requested suppliers to propose executable price reduction plans exceeding 15%, effective from January 1, 2026 [1] Company Announcements - Yaxin Security received a government subsidy of 1,975,353.58 yuan, categorized as revenue-related [2] - Tuojing Technology announced a plan for shareholders to reduce their holdings by up to 2,811,639 shares, representing 1% of the total share capital [2] - Shida Group reported progress on acquiring assets from its indirect controlling shareholder, with audit and evaluation work completed [2] - Huibo Yuntong completed the transfer of equity in its wholly-owned subsidiary, receiving 60% of the transfer payment, amounting to 48 million yuan [2] International News - Raontech is expanding its supply of AR glasses optical solutions to major partners, integrating reflective waveguides with light engines [3] - Kioxia Holdings expects a 20% annual growth in NAND storage demand due to the expansion of AI data center operators [3] - Wolfspeed successfully completed its financial restructuring, reducing total debt by approximately 70% and extending debt maturity to 2030 [3] - Counterpoint Research indicates that the average selling price of global smartphones is projected to rise from $357 in 2024 to $370 in 2025, reaching $412 by 2029, with a compound annual growth rate of 3% [3]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [1][2] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Core Insights - United Microelectronics Corporation (UMC) reported unaudited net sales for September 2025, showing a year-over-year increase in revenues [1] Financial Performance - Revenues for September 2025 reached NT$ 19,927,175 thousand, compared to NT$ 18,942,714 thousand in September 2024, marking a year-over-year increase of NT$ 984,461 thousand, or 5.20% [1] - For the period from January to September 2025, total revenues amounted to NT$ 175,743,654 thousand, up from NT$ 171,916,474 thousand in the same period of 2024, reflecting a year-over-year increase of NT$ 3,827,180 thousand, or 2.23% [1]

Group 1 - Semiconductor stocks were expected to have a weak quarter for most of Q3 2025, but a strong finish led to significant gains for many companies in the sector [1] - The positive performance of semiconductor stocks was supported by various factors that contributed to the strong end of the quarter [1]

Group 1 - Investors currently have a negative sentiment towards United Microelectronics Corporation (NYSE: UMC), with the only analyst rating in the past 90 days being a Sell [1] - The Quant system also reflects a bearish outlook on UMC, indicating a lack of confidence among analysts [1] Group 2 - Robert F. Abbott, a freelance writer and investor, has been managing investments since 1995 and has experience with options trading since 2010 [1]