Market Performance - The main board led the gains with notable increases from companies such as Shida Group (+10.09%), Yanhua Intelligent (+10.01%), and Zhichun Technology (+10.00%) [1] - The ChiNext board saw significant growth with GQY Video (+20.06%), Kaiwang Technology (+20.01%), and Hongjing Technology (+20.01%) leading the charge [1] - The Sci-Tech Innovation board was led by Huicheng Co. (+7.84%), Shihua Technology (+3.08%), and Yongxin Zhicheng (+0.76%) [1] - Active sub-industries included SW Education Publishing (-1.58%) and SW Semiconductor Materials (-2.52%) [1] Domestic News - A partnership was announced between Wuliangcai Glasses of Bailian Group and AR technology company Rokid, unveiling two new AR glasses products [1] - TSMC is considering a strategic investment in Korean chip design startup FuriosaAI, while Meta is reportedly looking to diversify its data center chip portfolio through a potential acquisition of FuriosaAI [1] - Xiamen Silan Jihong Semiconductor's 8-inch silicon carbide (SiC) power device chip manufacturing line project has officially topped out after eight months of construction [1] - DeepSeek revealed core technology details and commercialization data for its DeepSeek-V3/R1 inference system, boasting a theoretical cost profit margin of 545% [1] Company Announcements - ZTE Corporation reported a total operating revenue of 121.299 billion yuan for 2024, a decrease of 2.38% year-on-year, with a net profit attributable to shareholders of 8.425 billion yuan, down 9.66% [2] - Liyang Chip announced that its wholly-owned subsidiary received government subsidies totaling 4.3896 million yuan [2] - Haiguang Information reported a total operating revenue of 9.162 billion yuan for 2024, reflecting a year-on-year growth of 52.4%, with a net profit of 1.931 billion yuan, up 52.87% [2] - Cambrian Technology released its 2024 annual performance report, showing an operating revenue of 1.174 billion yuan, a year-on-year increase of 65.56%, but a net loss of 444 million yuan [2] Overseas News - TrendForce's latest research indicates that global DRAM industry revenue is expected to exceed 28 billion USD in Q4 2024, a quarter-on-quarter increase of 9.9%, driven by rising contract prices for server DDR5 and concentrated shipments of HBM [3] - Micron announced it has begun shipping samples of its 1γ sixth-generation (10nm) DRAM node DDR5 memory designed for next-generation CPUs to ecosystem partners and select customers [3] - Former President Trump proposed a 25% tariff on goods from Mexico and Canada, effective March 4, along with an additional 10% tariff on imports from China [3] - CINNO Research reported that global TFT-LCD and AMOLED panel capacity is projected to reach 409 million square meters in 2024, a year-on-year increase of 2.5%, with further growth of 2.3% expected in 2025 [3]

Core Viewpoint - TSMC is seeking to make a strategic investment in the South Korean chip design startup FuriosaAI, which specializes in AI inference chips and aims to enhance South Korea's AI chip design capabilities [2][3]. Group 1: Investment and Financials - FuriosaAI has been in discussions with TSMC Global since Q4 of the previous year regarding investment terms, which are still undetermined [2]. - The company has raised $115 million from investors including Naver and DSC Investment, but has faced challenges in securing sufficient funding for mass production of its next-generation RNGD chip [3]. - In 2023, FuriosaAI reported an operating loss of 60 billion KRW (approximately $41.6 million) [3]. Group 2: Product Development - FuriosaAI's first product, Warboy, was launched in 2021 using Samsung's 14nm process, while the second product, RNGD, is set for mass production using TSMC's 5nm process in August 2024 [2]. - The performance of RNGD is reported to be similar to Nvidia's L40S inference chip, but with significantly lower power consumption of 150W compared to 350W for Nvidia's chip [3]. Group 3: Market Context and Future Plans - Due to slow economic recovery in South Korea, there are speculations that FuriosaAI may pivot towards being acquired by a larger company, as domestic investment has not met expectations [4]. - FuriosaAI is striving to go public on a major exchange in South Korea within the first half of the year, with Mirae Asset Securities and NH Investment & Securities as lead underwriters [3].