每经热评｜湾芯展现场的掌声 也是“中国芯”前行的铿锵足音

Core Insights - The 2025 Bay Area Semiconductor Industry Ecosystem Expo (Bay Chip Expo) held in Shenzhen showcased significant advancements in China's semiconductor industry, particularly highlighting the achievements of Shenzhen's Xin Kailai and its subsidiaries [1][2][3] Group 1: Key Developments - Xin Kailai's subsidiary, Wanlian Technology, launched a 90GHz ultra-high-speed real-time oscilloscope, marking a critical breakthrough in high-end electronic measurement instruments and enhancing domestic oscilloscope performance by 500% [1][2] - Another subsidiary, Qiyunfang, introduced two EDA software products with complete independent intellectual property rights, addressing a market gap and overcoming U.S. export restrictions [2][3] Group 2: Market Context - China is the world's largest chip consumer, with an estimated integrated circuit import scale of approximately 2.8 trillion yuan in 2024, and the Bay Area represents the largest semiconductor growth market in China [2][3] - The expo featured over 600 companies and attracted thousands of visitors, indicating strong interest and investment potential in the semiconductor sector [1][4] Group 3: Investment and Collaboration - The expo facilitated connections between major semiconductor projects and industry funds, with Shenzhen planning to establish a 5 billion yuan industry investment fund [3][4] - There has been a notable increase in mergers and acquisitions in the Chinese chip industry, with 93 transactions reported in Q3 2025, reflecting a 33% year-on-year growth and a total transaction value of 54.9 billion yuan, up nearly 50% [4][5] Group 4: Global Engagement - The expo attracted numerous international companies, including ASML, Applied Materials, and Nikon, showcasing China's openness to global collaboration in the semiconductor industry [4][5] - Foreign chip companies are increasing their investments in China, with notable expansions and commitments from firms like NXP and Micron, indicating a positive outlook for the global chip supply chain [5]