Xin Lang Cai Jing·2025-12-19 07:40Core Viewpoint - The company has significantly increased its revenue share from Google TPU-related business from 15% in 2023 to 32% in the first three quarters of 2025, indicating strong growth potential in this segment [1] Group 1: Revenue and Profitability - The gross margin of the TPU business is 10 percentage points higher than traditional MEMS foundry services due to economies of scale [1] - Google is expected to increase its TPU shipment volume by 80% year-on-year in 2026, which may lead to further revenue growth for the company [1] Group 2: Business Strategy - The company operates as a leading, self-controlled MEMS chip manufacturer using a "Pure-Foundry" model, focusing on various sectors including communication computing, biomedical, industrial automotive, and consumer electronics [1] - The company aims to actively develop operational plans to continuously improve capacity utilization and yield rates, maintaining its competitive strength in the MEMS pure foundry sector [1]