赛微电子(300456.SZ)：当前核心业务为MEMS工艺开发及晶圆制造 短期对公司业绩及产业链支撑作用可能有限

Core Viewpoint - The stock of Saiwei Electronics (300456.SZ) has experienced a significant price fluctuation, with a cumulative increase of over 100% in closing prices over ten consecutive trading days from November 18, 2025, to December 2, 2025, indicating severe abnormal trading conditions [1] Group 1: Company Overview - The core business of the company focuses on MEMS process development and wafer manufacturing, characterized by long cycles and heavy asset requirements [1] - The company emphasizes that capacity utilization and yield improvements follow objective rules, indicating that business accumulation and development require a realistic process and time [1] Group 2: Investment Activities - The investment activities initiated by the company this year are primarily aimed at medium to long-term positioning, suggesting that the short-term impact on the company's performance and industry chain support may be limited [1] - The long-term effects of these investments remain to be observed [1] Group 3: Current Business Environment - There have been no significant changes in the company's operational situation or the internal and external business environment recently [1]