Market Overview - The main board saw significant gains with Huamai Holdings up by 10.09%, Huanrui Century by 10.06%, and Jingyida by 10.02% [1] - The ChiNext board led the gains with Pulian Software increasing by 20.00% and Changxin Bochuang by 15.07% [1] - The Sci-Tech Innovation board also saw increases, with Lexin Technology up by 5.77% [1] - Active sub-industries included SW Panel with a rise of 1.04% and SW Portal Websites by 0.77% [1] Domestic News - TSMC reported a June sales figure of NT$263.71 billion, a decrease of 17.7% month-on-month but an increase of 26.9% year-on-year, with a cumulative sales figure of NT$1,773.046 billion for the first half of the year, up 40.0% year-on-year [1] - United Microelectronics Corporation's advanced packaging interposer has been validated by Qualcomm and is expected to enter mass production in Q1 2026 [1] - Upwind New Materials announced a control acquisition of at least 63.62% of shares in Zhiyuan Robotics for approximately RMB 2.1 billion, making it the first intelligent listed company in A-shares [1] - STMicroelectronics launched a new 3MP automotive-grade CMOS image sensor, SC326AT, featuring significant optimizations in sensitivity, noise suppression, and power control [1] Company Announcements - Dinglong Co. expects a net profit of RMB 290 million to 320 million for H1 2025, representing a year-on-year increase of 33.12% to 46.9% [3] - Shenzhen Textile A anticipates a net profit of RMB 28 million to 42 million for H1 2025, a decrease of 4.31% to 36.20% year-on-year [3] - Heertai forecasts a net profit of RMB 326.67 million to 366.27 million for H1 2025, a growth of 65% to 85% year-on-year [3] - Quectel expects revenue of RMB 11.45 billion for H1 2025, a year-on-year increase of 38.81%, with a net profit of RMB 463 million, up 121.13% year-on-year [3] International News - Murata Manufacturing is ramping up production of its first high-frequency filter using XBAR technology, crucial for 5G and emerging wireless technologies [2] - India's first semiconductor chip manufacturing plant has commenced operations in Gujarat, with production expected to start by December 2026 [2] - NEXTIN, a South Korean testing equipment company, is expanding into the next-generation display sector with orders for OLEDoS testing equipment from major Chinese firms [2] - IDC reported a 6.5% year-on-year increase in global PC shipments in Q2, reaching 68.4 million units, with Apple and Asus showing the largest growth [2]

国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 英特尔于 2023 年 12 月从以色列政府获得了 32.5 亿美元的补贴，用于在 Fab28 工厂旁边建设其 Fab38， 但在 2024 年中暂停了该项目。 英特尔此前在以色列的裁员，主要集中在海法和佩塔提克瓦的研发中心，由于 Fab28 对英特尔和以色列 具有战略重要性，此前它一直未受到裁员的影响。 现在 Fab28 工厂也加入裁员行列，预估影响职位包括中层经理（如团队负责人）、一线主管和远程运行 中心（ROC）的技术人员。这些主管负责监督班次运营，位于生产工人之上的一到两个层级。 另外有消息称英特尔认为 Fab28 工厂已经过时，其长期可持续性可能存疑，内部讨论不排除包括完全关 闭该地点运营的可能性。 ***************END*************** 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ 7月9日消息，报道称，英特尔在以色列计划裁员数百人，并考虑关闭位于以色列的 Fab28 半导体工厂。 报告中并未提及具体裁员人数，仅透露会影响数百名员工，此外消息称英特尔还考虑关闭位于以色列南 部城市基里亚特加特的 Fab28 ...

Core Viewpoint - The article highlights the significant milestone of Changxin Technology Group's (Changxin Storage) submission for an IPO in the A-share market, marking a pivotal moment for China's semiconductor industry [3][4]. Summary by Sections Company Overview - Changxin Storage has a registered capital of 60.19 billion yuan and was valued at 150.8 billion yuan in its latest financing round in March 2024 [3]. - The company has no actual controlling shareholder and boasts a strong lineup of investors, including major players like Tencent, Alibaba, and the National Integrated Circuit Industry Investment Fund [3]. Market Position - Currently, Changxin Storage is the largest and most advanced DRAM chip manufacturer in China, having successfully mass-produced various DRAM products such as DDR4, LPDDR4, and LPDDR5 [3]. - The company plans to start mass production of HBM3 high bandwidth memory between the end of 2025 and 2026 [3]. Competitive Landscape - The global DRAM market is dominated by South Korean and American companies, with SK Hynix, Samsung Electronics, and Micron Technology holding 36%, 34%, and 25% market shares respectively, totaling 95% [4]. - Experts estimate that Changxin Storage may still have a technology gap of 3-4 years compared to these leading firms, but its technology is rapidly advancing [4]. Growth Potential - Changxin Storage's DRAM shipment market share reached 6% in Q1 2025, with expectations to increase to 8% by the end of the year [4]. - The demand for storage chips is expected to grow significantly due to emerging fields like new computing and smart vehicles, providing substantial room for domestic replacement in China [4]. Industry Impact - The IPO of Changxin Storage is anticipated to have a positive ripple effect on the entire domestic storage industry chain, promoting the localization of equipment and benefiting related sectors such as packaging, testing, and IC substrates [4]. - If successful, Changxin Storage will become the first storage chip stock in A-shares, representing a significant event for the capital market and a strategic move in China's tech competition [4].

Core Viewpoint - Changxin Storage has initiated its IPO counseling, marking a significant milestone for the company and highlighting the investment potential in China's semiconductor industry [1][5]. Company Overview - Changxin Technology Group Co., Ltd. (Changxin Storage) was established in 2016 and specializes in the design, research, production, and sales of DRAM memory chips, which are used in smartphones and PCs [4]. - The company has a registered capital of 601.9 billion RMB and currently has no controlling shareholder, with the largest shareholder being Hefei Qinghui Electric Enterprise Management Partnership, holding 21.67% of the shares [4]. Financing History - Since its angel round financing in 2018, Changxin Storage has completed seven rounds of financing, attracting significant investments from various venture capital firms and insurance institutions, with total financing amounting to hundreds of billions of RMB and a post-investment valuation reaching 140 billion RMB [5][6]. - The latest strategic financing round in March 2024 raised 10.8 billion RMB, marking it as the largest financing event of the year [6]. Market Position and Growth - Changxin Storage has rapidly gained market share, with its DDR4 products accounting for approximately 5% of the global DRAM market as of 2024. Projections indicate that this share could increase to 8% by the end of 2025 [7]. - The company launched its LPDDR5 series DRAM products in November 2023, including a 12GB LPDDR5 chip, which has been validated in models from domestic brands like Xiaomi [7]. Strategic Partnerships and Government Support - The Hefei government has played a crucial role in supporting Changxin Storage, contributing three-quarters of the initial investment of 18 billion RMB for the first phase of the project [11]. - The company has received backing from major investment entities, including the National Integrated Circuit Industry Investment Fund, which is one of its significant shareholders [12][14]. Future Outlook - According to industry forecasts, Changxin Storage's DRAM wafer production is expected to increase significantly, with a projected output of 2.73 million wafers in 2025, a 68% increase from 2024 [13]. - The company aims to continue expanding its production capacity, particularly in DDR4 and DDR5 segments, to challenge established global players in the semiconductor market [13].

Core Viewpoint - Changxin Storage is experiencing significant growth in DRAM shipments, with a projected 50% year-on-year increase in 2023, and an increase in market share from 6% to 8% by the end of the year [2]. Company Overview - Changxin Storage, established on June 13, 2016, is a comprehensive memory chip manufacturer focused on the design, research, production, and sales of DRAM [3]. - The company is headquartered in Hefei, Anhui, and has multiple R&D centers and branches both domestically and internationally [3]. - The CEO, Dr. Cao Kanyu, has over 20 years of experience in the semiconductor industry and has played a crucial role in the development of China's DRAM sector [4]. Market Performance - According to Counterpoint, Changxin Storage's DRAM shipment volume is expected to grow significantly, with notable increases in both traditional DDR4 and LPDDR4 products, as well as in the newer DDR5 and LPDDR5 segments [2]. - The market share for DDR5 is projected to rise from less than 1% in Q1 to 7% by year-end, while LPDDR5 market share is expected to surge from 0.5% to 9% [2]. Financing and Valuation - In March 2024, Changxin Storage completed a strategic financing round of 10.8 billion RMB, valuing the company at approximately 140 billion RMB [6][7]. - The financing round was the largest in the year and included investments from major stakeholders, including Zhaoyi Innovation Technology Group, which increased its stake to about 1.88% [7][9]. Shareholder Information - Changxin Storage has 49 shareholders, with the largest being Hefei Qinghui Electric Enterprise Management Partnership, holding 21.67% of the shares [1][4]. - Other significant shareholders include Hefei Changxin Integrated Circuit Co., National Integrated Circuit Industry Investment Fund, and Alibaba [4][5].

前海开源基金首席经济学家杨德龙在接受《证券日报》记者采访时表示，一方面，机构通过调研，可深 入了解企业运营状况、发展战略及行业地位，评估企业盈利能力和成长潜力，为投资决策提供依据。另 一方面，机构通过调研有利于增加市场信息透明度，减少信息不对称，促进市场有效定价，引导资金流 向优质企业。 同花顺（300033）iFinD数据显示，今年上半年，A股共有4417家上市公司获得机构调研，较去年同期 机构调研的4280家公司，增长3.20%。 具体来看，今年上半年，深圳市汇川技术（300124）股份有限公司(以下简称"汇川技术")获得1097家机 构集中调研，位居第一名。立讯精密（002475）工业股份有限公司(以下简称"立讯精密")紧随其后，获 得709家机构集中调研。此外，包括浙江水晶光电（002273）科技股份有限公司、中控技术股份有限公 司、澜起科技股份有限公司等在内的137家公司均接待200家及以上机构调研。 立讯精密有关负责人表示，在AI领域，公司已提前10年布局与服务器相关的电连接、光模块、电源与 散热四大领域。其中，电连接技术处于领先地位，依托电连接领域的领先优势，公司在带动其他产品发 展方面已取得显 ...

Core Insights - The 2025 China (Shenzhen) Integrated Circuit Summit highlighted the Guangdong-Hong Kong-Macao Greater Bay Area's role in enhancing basic research, accelerating technological iteration, and restructuring the industrial ecosystem to provide a "Bay Area solution" for the global semiconductor industry [1][3]. Industry Overview - As of the end of 2024, Shenzhen has 727 integrated circuit companies, with an expected revenue of 283.96 billion yuan, reflecting a growth rate of 32.9%, surpassing expectations [2]. - The Shenzhen semiconductor industry benefits from unique geographical advantages, national policy support, and a complete industrial ecosystem, fostering a virtuous cycle of innovation driven by application scenarios [2]. Trends and Predictions - The summit presented ten key trends in the integrated circuit industry, focusing on technological innovation, international dynamics, ecological construction, and talent development [4]. - The integration of AI and robotics is identified as a critical area, with edge AI becoming essential for hardware implementation, and high-performance chips seeking breakthroughs [4]. Challenges and Opportunities - The power semiconductor sector faces challenges such as market monopolization by international giants and supply chain instability, but it is also poised for innovation driven by emerging industries like AI and electric vehicles [6]. - The power semiconductor market is projected to grow from 3 billion USD in 2024 to 5.8 billion USD by 2029, driven by applications in AI servers and humanoid robots [6]. Technological Advancements - Chengdu Huayi launched a new strategic product, the HWD12B16GA4 RF direct sampling ADC chip, marking a breakthrough in domestic high-speed and high-precision ADC technology [7]. - The development of AI is pushing the semiconductor industry to adapt to new challenges, including the need for high-performance computing solutions [6].

近日，中国证监会网上办事服务平台信息显示，摩尔线程智能科技（北京）股份有限公司（以下简称"摩尔线程"）IPO辅导状态已变更为"辅导验收"，其上 市之路迎来新进展。 每经记者｜杨卉 每经编辑｜董兴生 去年以来，包括摩尔线程在内的国产GPU"四小龙"（摩尔线程、壁仞科技、燧原科技、沐曦）先后开启了IPO（首次公开募股）之路，截至目前进展各不相 同。 国产芯片厂商一直没能绕开两个痛点：能不能自己制造、能不能实现盈利。在业内看来，国产算力芯片起步虽晚，但发展势头很猛。"四小龙"企业创始团队 有的出身于高校，专做科研；有的自带AMD（超威半导体）、英伟达等大厂履历。各家企业也得到了资本支持，每个项目都有几轮融资，降低了芯片"强烧 钱"属性的后顾之忧。 不过，在"打怪升级"以及未来实现自主生产的路上，国产芯片厂商也需要直面盈利问题，备好叩开二级市场大门的"敲门砖"。 GPU"四小龙"更新上市动态 时隔大半年，国产芯片企业上市进程陆续有了最新进展。 中国证监会网上办事服务平台信息显示，摩尔线程IPO辅导状态已变更为"辅导验收"。辅导机构中信证券认为，经辅导，摩尔线程具备成为上市公司应有的 公司治理结构、财务会计工作、内部控 ...

Core Viewpoint - The company plans to acquire a 72.33% stake in ChipLink Yuezhou Integrated Circuit Manufacturing Co., Ltd. through a combination of issuing shares and cash payment, with a total transaction value of approximately 589.66 million yuan [11]. Group 1: Transaction Overview - The transaction involves the acquisition of a controlling stake in ChipLink Yuezhou, which primarily engages in wafer foundry services in the power semiconductor sector [11]. - The transaction price is set at 589,661.33 thousand yuan, reflecting a premium of 132.77% over the assessed value of 815,200.00 thousand yuan [12]. - The company aims to enhance its production capacity and technological capabilities by integrating ChipLink Yuezhou's operations, which include advanced production lines for IGBT and silicon-based MOSFETs [14][15]. Group 2: Impact on Business Operations - The acquisition will allow the company to consolidate its management of 10,000 wafers per month from its parent company and 7,000 wafers per month from ChipLink Yuezhou, leading to improved operational efficiency [15]. - ChipLink Yuezhou is positioned to expand its production of SiC MOSFETs and high-voltage analog ICs, which are critical for the growing markets of electric vehicles and renewable energy [14][19]. - The company expects that ChipLink Yuezhou's advanced technology and production capabilities will enhance its competitive edge in the semiconductor industry, particularly in high-reliability applications [14][19]. Group 3: Financial Implications - Following the transaction, the company's total share capital will increase to 8,382,687,172 shares, with the issuance of 1,313,601,972 new shares [15]. - The acquisition is anticipated to improve the company's asset quality and financial condition in the long term, despite ChipLink Yuezhou currently operating at a loss due to high depreciation and R&D costs [19]. - The company projects that ChipLink Yuezhou will become a significant source of profit as its production volume increases and product structure optimizes [19].

Core Viewpoint - Wolfspeed, a US silicon carbide company, is preparing to file for bankruptcy, which has led to a significant drop in its stock price by 30.14% on June 18. The company is expected to enter a pre-packaged bankruptcy process to reduce its substantial debt burden of approximately $6.5 billion while allowing shareholders to potentially recover up to 5% of their equity value [2][3]. Financial Performance - For the first fiscal quarter of 2025, Wolfspeed reported a revenue decline of 1.37% year-over-year, totaling $195 million, with a net loss of $282 million [3]. - As of March 31, Wolfspeed had approximately $1.33 billion in unrestricted cash and cash equivalents, alongside short-term investments, while facing a debt load of about $6.5 billion [2]. Restructuring Plans - In response to financial pressures, Wolfspeed has initiated a $450 million facility closure and consolidation plan, which includes shutting down its 150mm silicon carbide plant in Durham, North Carolina, and laying off around 20% of its workforce, equating to approximately 1,000 jobs [3].