新凯来“从0到1” 国产芯片关键工具破局

Core Insights - New Kai Lai's subsidiary Wanliyan has developed a 90GHz bandwidth ultra-high-speed real-time oscilloscope, positioning itself as a leader in high-end electronic measurement instruments in China, overcoming Western technology restrictions [1][7][9] - The company has also launched two EDA software products with complete independent intellectual property rights, filling a gap in the domestic high-end electronic design software market [2][6][11] - New Kai Lai's emergence is reshaping the semiconductor industry and investment logic in China, moving from reliance on foreign equipment to establishing domestic standards [9][11] Company Overview - New Kai Lai was established in August 2021, headquartered in Longgang District, Shenzhen, with plans for global expansion including R&D branches in major Chinese cities and future technical service centers in Germany and Singapore [3] - The company is backed by Shenzhen's state-owned assets, indicating strong governmental support for semiconductor equipment localization [3][5] Product Launches - At the Bay Chip Expo, Wanliyan showcased its 90GHz oscilloscope, which is crucial for testing advanced semiconductor technologies, while its subsidiary Qiyunfang introduced two EDA software products [1][2][6] - The oscilloscope's development is significant as it breaks through the limitations imposed by the Wassenaar Arrangement, which previously restricted access to high-bandwidth oscilloscopes in China [7][9] Market Impact - New Kai Lai's innovations have triggered significant interest in the capital markets, with related stocks experiencing strong performance following the product announcements [10][11] - The introduction of domestic EDA tools is expected to enhance the efficiency and success rate of chip design in China, reducing dependency on foreign tools [11] Industry Significance - The advancements made by New Kai Lai represent a shift in the Chinese semiconductor industry from merely filling gaps to establishing foundational capabilities [11] - The company's growth reflects a broader trend of increasing investment in core technologies such as semiconductors and artificial intelligence, indicating a shift in capital market focus [11]