Investment Rating - The report maintains a "Buy" investment rating for the company [1]. Core Views - The company plans to acquire Zhongxin Ningbo, aiming to build a full industry chain capability of "chip design + wafer processing" [1][6]. - In 2024, the company experienced a significant revenue decline of 53.26% due to market demand slowdown and intensified competition, but managed to achieve a slight profit increase of 1.13% in net profit [5]. - The company has a diverse chip design capability and has launched various chips with core proprietary intellectual property in multiple fields [6]. - The acquisition of Zhongxin Ningbo is expected to enhance the company's capabilities in high-end BAW filter manufacturing and expand its presence in the RF front-end industry [7][8]. Summary by Sections Financial Performance - In 2024, the company reported total revenue of 197,789.18 million yuan, a year-on-year decrease of 53.26%, while net profit reached 9,715.47 million yuan, a year-on-year increase of 1.13% [5]. - The overall gross margin improved to 26.29%, an increase of 13.85 percentage points year-on-year [5]. - R&D investment for 2024 was 67,532.16 million yuan, reflecting a growth of 10.26% year-on-year [5]. Business Strategy - The company is transitioning towards a full industry chain model by integrating chip design and wafer processing capabilities through the acquisition of Zhongxin Ningbo [6]. - The company has established strategic partnerships with leading mobile communication terminal companies, enhancing its market position in the RF front-end sector [7][8]. Earnings Forecast - The company forecasts revenues of 23.35 billion yuan, 28.04 billion yuan, and 35.23 billion yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.58, 1.00, and 1.32 yuan [9]. - The current stock price corresponds to PE ratios of 147, 86, and 65 for the years 2025, 2026, and 2027 respectively [9].

金融界2025年6月7日消息，国家知识产权局信息显示，芯原微电子（上海）股份有限公司、芯原微电子 （海南）有限公司、芯原科技（上海）有限公司、芯原微电子（南京）有限公司、芯原微电子（成都） 有限公司申请一项名为"请求合并方法、单元及芯片"的专利，公开号 CN120112892A，申请日期为 2023 年09月。 专利摘要显示，本申请提供一种请求合并方法、单元及芯片，涉及芯片设计领域。请求合并单元包括： 多路选择器，被配置为从待合并的多个请求中确定目标请求，所述目标请求为所述多个请求中按预设条 件选取的一个请求；比较器组，与所述多路选择器连接，被配置为将所述目标请求分别与所述多个请求 进行对比，确定所述多个请求中与所述目标请求重复的重复请求；第一逻辑电路，与所述多路选择器连 接，用于向所述多路选择器输出所述多个请求中除所述重复请求和所述目标请求之外的其余请求，以重 复对比过程，直至所述多个请求均完成对比；所述多路选择器还被配置为将所述目标请求输出至所述请 求合并单元之外。 天眼查资料显示，芯原微电子（上海）股份有限公司，成立于2001年，位于上海市，是一家以从事软件 和信息技术服务业为主的企业。企业注册资本49 ...

本文收集汇总了15家上市 SoC/MCU/ASIC/端侧 芯片设计公司2024年财报中提及EDA的信息， 意图了解其在EDA工具（Electronic Design Automation，电子设计自动化工具）上的开 销。 结论： 覆盖标的公司年报中披露EDA工具费用的公司并不多，并且披露的费用相比整体研发费用而言占比并 不高， 约为1%级别。一般只在相较去年有较大变动时注释说明。 但是EDA在芯片设计中占有非常重要的位置，约等于有些地区的中考体育，虽然分值占比不高，但是 体育没有及格的话会直接导致无法报考部分名校。 而且相比其他科目的老师，"体育老师"比较好拿捏，不像"数学语文英语"这些主科老师，背后都有大财 团和盘根错节的势力，不好拿捏。特朗普这波算是拿捏住了三寸。 有多家上市芯片公司在2024年年报 中就预告了EDA风险——财报里预警的小概率事件真的发生了。 1. 瑞芯微 ：长期应付款中提及本期期末金额较上期末变动比例（%）+294.58%，且" 主要系本期购买 EDA工具增加所致 "。 | | | | 内大アイト | | --- | --- | --- | --- | | 长期应付款 | 22,751, ...

Group 1 - The U.S. and China are expected to hold talks regarding tariffs, with both sides expressing willingness to negotiate [1] - A recent high-level economic meeting in Geneva resulted in an agreement to reduce tariffs by 115% within 90 days [1] - The U.S. has faced legal challenges regarding Trump's tariff measures, with a court ruling that the president's actions may exceed his authority [4] Group 2 - The U.S. Trade Representative's team and the Chinese team are in daily communication to advance negotiations [1] - The Chinese government has criticized the U.S. for implementing discriminatory measures post-Geneva talks, which they claim violate previous agreements [2] - The Trump administration is considering a two-step plan involving a broad 15% tariff and personalized tariffs for major trading partners [5] Group 3 - The U.S. Federal Circuit Court temporarily reinstated Trump's tariff measures, allowing for further legal discussions [4] - The Chinese Ministry of Commerce emphasized the importance of the Geneva agreement and urged the U.S. to correct its actions to maintain stable trade relations [6] - Legal experts suggest that alternative tariff plans proposed by the Trump administration may still face challenges despite being based on stronger legal grounds [6]

Core Insights - The Chinese-developed quantum chip design industrial software "Benyuan Kunyuan" has completed its fifth technical iteration, overcoming significant technical bottlenecks in large-scale quantum chip design [1] - The software, developed by Benyuan Quantum Technology (Hefei) Co., Ltd., aims for large-scale, high-precision, and automated design processes, achieving a one-stop rapid layout generation for a 72-qubit quantum chip [1] - The latest iteration features a comprehensive upgrade in wiring flexibility, enabling fully automated wiring functions in extreme spatial scenarios and offering various semi-automated wiring tools [1] - Benyuan Quantum has established a robust foundation in the quantum chip field over four years, with the software upgrade facilitating modeling of grid quantities in the millions and numerical calculations of quantum chip parameters [1] Company Developments - Benyuan Quantum has successfully built a self-sufficient superconducting quantum computer manufacturing chain, leveraging China's first quantum chip production line and autonomous industrial equipment [2] - The third-generation self-developed superconducting quantum computer "Benyuan Wukong" has achieved over 28 million global visits [2]

Core Viewpoint - The global semiconductor industry is undergoing a rapid restructuring, with Hong Kong becoming a new hub for technology capital as leading semiconductor companies, including Weir Shares, plan to list on the Hong Kong Stock Exchange [2][3]. Group 1: Company Overview - Weir Shares, a leading CIS chip company, has announced its plan to issue H-shares and list on the Hong Kong Stock Exchange, with a market capitalization of nearly 160 billion yuan [2]. - The company aims to accelerate its international strategy and enhance its overseas financing capabilities, with plans to use the raised funds for technology development, market expansion, strategic investments, and general corporate purposes [3]. Group 2: Financial Performance - In 2024, Weir Shares is projected to achieve a revenue of 25.731 billion yuan, a year-on-year increase of 22.41%, with a net profit of 3.323 billion yuan, reflecting a significant increase of 498.11% [6]. - The company's overseas revenue accounted for 81.47% of total revenue, indicating a strong international market presence [6]. Group 3: Business Segments - The image sensor solutions segment is the primary revenue source for Weir Shares, generating 19.190 billion yuan in 2024, which constitutes 74.76% of its main business revenue, driven by growth in the smartphone and automotive markets [7]. - The touch and display solutions segment saw a revenue decline of 17.77%, while the analog solutions segment increased by 23.18% to 1.422 billion yuan [7]. Group 4: Strategic Developments - Weir Shares plans to change its name to OmniVision Integrated Circuits Group, Inc., to better reflect its industry positioning and future strategic direction [7][8]. - The acquisition of OmniVision Technologies in 2019 significantly boosted Weir Shares' performance, with the CMOS image sensor business becoming a core revenue driver, contributing 83.56% of revenue in 2019 [9].

Core Viewpoint - Guokewi (300672.SZ) is planning a major asset restructuring, which has led to a significant increase in its stock price prior to the announcement [1][2][4]. Group 1: Company Announcement and Stock Performance - On May 21, Guokewi announced it is planning to acquire assets through issuing shares and cash payments, leading to a stock suspension starting May 22 [1][2]. - The company did not disclose the specific acquisition target but indicated it is involved in specialized semiconductor wafer foundry and customized chip foundry services [1][2]. - Guokewi's stock price surged by 12.54% to 79.9 CNY per share on May 20, followed by a 1.45% increase to 81.06 CNY on May 21, totaling an approximate 14% rise before the suspension [1][4]. Group 2: Financial Performance - In 2024, Guokewi reported a revenue of 1.978 billion CNY, a decrease of 53.26% year-on-year, while net profit was 97.15 million CNY, a slight increase of 1.13% [1][6]. - The company's revenue from its smart vision series chips was 946 million CNY, down 23.43%, and from ultra-high-definition smart display series chips was 774 million CNY, down 70.15% [7]. - Despite the revenue decline, Guokewi's R&D investment reached 675 million CNY in 2024, a 10.26% increase, accounting for 34.14% of total revenue [7][8]. Group 3: R&D and Market Position - Guokewi employs a Fabless model, outsourcing production processes to large integrated circuit manufacturers [2][3]. - The company has a strong focus on R&D, with 646 R&D personnel making up 76.09% of its total workforce, and has accumulated 365 domestic patents [8]. - The competitive landscape in the end-user application markets is intense, with rapid product and technology updates impacting the company's performance [6][7].

作者｜Hayward 原创首发｜蓝字计划 过去两个月，堪称小米造车一年以来的至暗时刻。 3 月小米 SU7 高速事故、4 月底 5 月初小米 SU7 Ultra 限制马力被车主投诉，再到4.2 万的挖孔碳纤维机盖被指虚假宣传，部分车主要求退车甚至"假一赔 三"… 甚至小米的手机旗舰，小米 15 Ultra，被其他 Ultra 的轮番冲击下，也没有了年初"影像超大杯"的独特性。 与此同时，大家发现雷军变了。他不再像过去那样继续扮演"许愿池"的角色，没有往日的"真诚"，这两个月发生的林林总总，全都没有回应。 这种风格的转变，实际上代表了现阶段小米的新选择：不再打"真诚"、"走心"的温情牌，而是选择"用产品的热度压过质疑"。 也就是说，对于舆论的种种诉求和期待，小米选择了战略上的忽略与漠视。 你们觉得雷军应该回应、应该反省、应该为挖孔前机盖事件的虚假宣传道歉？那都是你的事了。 随后，小米的最强反击来了。5 月 19 日，小米官宣将在 22 日召开15 周年战略新品发布会；率先掏出来的，是小米核弹级别的新品：自研芯片玄戒 O1。 但是选择和放弃之间是有代价的，更大的风险，或也在悄然酝酿。 小米「核弹」 5 月 19 ...

Core Viewpoint - The annual shareholder meeting of Canxin Semiconductor (Shanghai) Co., Ltd. will address various proposals, including financial reports, profit distribution, and the appointment of auditing firms for the fiscal year 2025, amidst a significant decline in net profit and revenue for 2024. Group 1: Financial Performance - The net profit attributable to shareholders for 2024 is 61.05 million yuan, a decrease of 64.19% compared to the previous year [6][7]. - The total revenue for 2024 is approximately 1.09 billion yuan, reflecting an 18.77% decline from 2023 [7]. - The net cash flow from operating activities is reported at 9.12 million yuan, down 75.13% year-on-year [7]. Group 2: Business Segmentation - Revenue from chip design business and chip volume production business is categorized, with the latter generating 808.60 million yuan, a 14.54% decrease due to changes in customer demand [9]. - The company completed 190 chip design projects in 2024, marking a 30.14% increase from 2023 [9]. Group 3: Shareholder Meeting Proposals - Proposal one includes the review of the 2024 annual report and its summary, which has been approved by the board and supervisory committee [6]. - Proposal two involves the financial settlement report for 2024 and the budget report for 2025, emphasizing the need for revenue growth strategies [6][7]. - Proposal six outlines a profit distribution plan, proposing a cash dividend of 1.70 yuan per 10 shares, totaling approximately 20.40 million yuan, with a cash dividend ratio of 33.42% [28][30]. Group 4: Governance and Compliance - The board of directors has conducted meetings in compliance with legal regulations, ensuring the legitimacy of resolutions passed [16]. - The supervisory board has effectively monitored the company's operations and financial status, confirming adherence to laws and regulations [26]. - The company plans to revise its articles of association and governance structures, eliminating the supervisory board and transferring its responsibilities to the audit committee [31].

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自半导体芯闻综合 ，谢谢 。 兆易创新5月20日晚间发布公告，公司拟发行境外上市外资股（H股）股票并在香港联交所主板挂 牌上市。公司将充分考虑现有股东的利益和境内外资本市场的情况，在股东会决议有效期内选择适 当的时机和发行窗口完成此次发行并上市。 兆易创新成立于2005年，总部位于北京，2016年在上交所挂牌上市，当前总市值超过800亿元，员 工近2000人。公司专注于存储芯片与MCU设计，产品覆盖NOR Flash、NAND Flash、DRAM、 MCU及传感器等，广泛应用于消费电子、物联网、汽车电子和工业控制等领域。 兆易创新在财报中表示，2024年，公司收入同比增长27.7%至73.6亿元，归母净利润同比增长 584%至11.03亿元。公司以市占率为核心的策略取得了显著成效，整体产品出货量创出新高，达到 43.62亿颗，同比增长39.72%。 主要产品上，NOR Flash继续在消费、网通、计算、汽车等领域实现较快增长，总出货容量创历史 新高，2024年度公司Serial NOR Flash市占率稳居全球第二位。在DRAM产品上，营收及出货量 实现 ...