国泰海通：首予紫光国微“增持”评级，目标价96元

Group 1 - The core viewpoint of the report is that Unisoc is a leading player in the domestic smart security chip and special integrated circuit market, with high technical barriers and a solid position in the industry [1] - The company benefits from the high prosperity of downstream special fields, automotive electronics, and the Internet of Things markets, which is expected to contribute to steady growth in performance [1] - The report estimates a target price of 96 yuan based on a 50.26 times PE ratio for 2025, and initiates coverage with a "Buy" rating [1]