Xin Lang Cai Jing·2025-10-25 00:29Policy - The Ministry of Science and Technology emphasizes the need to strengthen the top-level design and systematic deployment of artificial intelligence during the 14th Five-Year Plan, focusing on developing new model algorithms and high-performance computing chips [1] - The Fourth Plenary Session of the Central Committee highlights the importance of cultivating and expanding emerging and future industries, aiming to build a modern industrial system and strengthen the foundation of the real economy [1] Industry Growth - In Shanghai, the manufacturing output of the three leading industries increased by 8.5% year-on-year in the first three quarters, with artificial intelligence manufacturing growing by 12.8% [2] - The total output value of strategic emerging industries in Shanghai's manufacturing sector rose by 7.3%, with the new energy industry growing by 19.6% [2] Regional Initiatives - Guangdong Province has launched an action plan to support high-quality development in manufacturing through artificial intelligence, including the establishment of an industrial model evaluation system and financial support for enterprises [3] - Zhejiang Province aims for over 90% penetration of intelligent applications by 2030, with plans to develop leading intelligent platforms and high-value scenarios [3] IPO and Financing - Domestic GPU manufacturer Muxi Co., Ltd. has received approval for its IPO, aiming to raise 3.904 billion yuan for various AI-related projects [5] - Robotics company Leju Robotics completed a 1.5 billion yuan Pre-IPO financing round, with plans for an upcoming IPO [5] - New Stone Technology announced over 600 million USD in Series D financing, led by UAE-based investors [6] - Eagle Semiconductor completed over 700 million yuan in Series B+ financing, setting a record for VCSEL startups in China [7] - Jiushi Intelligent raised 100 million USD in Series B4 financing, led by Ant Group [8] - Zhongzhi Keyi completed over 100 million yuan in Series A financing, focusing on fast imaging technology [9] - Renxin Technology raised over 100 million yuan in Series A+ financing for automotive chip production [10] - Suzhou Xien Technology completed several hundred million yuan in Pre-A+ financing, focusing on servo systems and chips [11] Market Movements - Hu Silicon Industry announced plans for a share reduction of up to 2% by its largest shareholder, the National Integrated Circuit Industry Investment Fund [12] - Tailin Micro plans to reduce its shares by up to 2% due to operational needs [13] - Lixin Micro's major shareholder intends to reduce its stake by up to 3% [14] - Yandong Micro reported a 1% reduction in shares by the National Integrated Circuit Fund [15] - Cambrian announced a specific issuance of shares to raise approximately 3.985 billion yuan [16] - Shunwei Storage is accelerating the expansion of its advanced packaging and testing center to enhance competitiveness [16]