半导体早参 | 沐曦股份将于12月17日上市，壁仞科技将赴港上市

Group 1 - The stock of Muxi Co., Ltd. will be listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 17, 2025, and will be classified as a Sci-Tech Growth Company since it is not profitable at the time of listing [2] - The China Securities Regulatory Commission has issued a notice regarding the overseas issuance and domestic unlisted shares of Shanghai Biran Technology Co., Ltd., which plans to issue up to 372,458,000 overseas listed common shares and convert 873,272,024 domestic unlisted shares into overseas listed shares [2] - The Tianqiao Brain Science Research Institute announced the establishment of the Peak Intelligent Laboratory and the launch of the first domestic brain-like pulse large model "Shunxi 1.0," which has been trained and inferred on a domestic GPU computing platform [2] Group 2 - AI chip manufacturer Cambricon announced it will use 2.778 billion yuan from its capital reserve to offset accumulated losses, with the aim of bringing the company's undistributed profits to zero by the end of 2024 [3] - The domestic computing power sector is gaining momentum, driving growth in the semiconductor equipment sector, with expectations of a 20-30% increase in orders for leading equipment manufacturers by 2025 [3] - The Sci-Tech Semiconductor ETF (588170) tracks the Sci-Tech Innovation Board's semiconductor materials and equipment theme index, focusing on semiconductor equipment (61%) and materials (23%) [3][4]