Core Insights - The article highlights the recognition of Wu Minqiu, chairman of Winbond Electronics, as the recipient of the 19th Pan Wen-yuan Award, a prestigious honor in Taiwan's technology industry, emphasizing his significant contributions to the semiconductor sector [1][13]. Group 1: Background and Early Life - Wu Minqiu was born in 1948 in Anhui and moved to Taiwan as an infant, where he developed resilience in a challenging environment [3][16]. - His education at Cheng Kung University and Stanford University shaped his character, where he learned to survive in scarcity [3][16]. Group 2: Career Beginnings - In 1989, Wu made a bold decision to leave his high-paying job at Intel to establish Winbond Electronics with over 40 semiconductor experts, despite the nascent state of Taiwan's semiconductor industry [5][18]. - Initial funding challenges were overcome with the help of venture capitalist Hu Dinghua, who provided NT$800 million and connections to other financial institutions [5][18]. Group 3: Business Strategy and Challenges - Wu's strategy focused on independent research and development in the non-volatile memory sector, which was initially overlooked but later proved to be a wise decision as demand surged in the consumer electronics era [7][20]. - Winbond faced significant losses from 2012 to 2017, totaling NT$23 billion, yet Wu maintained his commitment to R&D and avoided layoffs during this period [9][20]. Group 4: Recovery and Growth - The company's turnaround was marked by a focus on technology, leading to partnerships with major clients like Nintendo and Apple, and establishing Winbond as a leader in NOR Flash technology [9][22]. - Wu's leadership resulted in a remarkable recovery from annual losses to stable profitability within five years, showcasing the importance of core technology independence [9][22]. Group 5: Recognition and Legacy - Wu's receipt of the Pan Wen-yuan Award is seen as a recognition of both his personal achievements and Winbond's innovative business model, reflecting a shift in Taiwan's semiconductor industry from technology importation to self-innovation [11][24]. - His story serves as an inspiration, illustrating the journey of Taiwan's semiconductor industry and the value of perseverance and innovation in overcoming adversity [12][25].

Core Viewpoint - The company, Guangdong Aodiwei Sensor Technology Co., Ltd., is initiating a secondary listing in Hong Kong to leverage capital market opportunities in the rapidly growing smart sensor industry, which is essential for industrial intelligence driven by 5G and AIoT technologies [1]. Company Overview - Aodiwei is a provider of smart sensing and precision execution solutions, with a business focus on smart home, smart automotive, smart terminals, and smart manufacturing sectors [2]. - The company employs an IDM (Integrated Device Manufacturing) model, achieving vertical integration from sensitive materials to precision manufacturing, thereby establishing a self-controlled technology chain [2]. - Aodiwei ranks prominently in various market statistics, being the second in smart home sensor revenue in China and third globally in automotive ultrasonic sensor shipments [2]. Financial Performance - Aodiwei's revenue has shown robust growth, with figures of 378 million RMB in 2022, 467 million RMB in 2023, and projected 617 million RMB in 2024, reflecting a compound annual growth rate (CAGR) of 27.8% [2]. - The revenue breakdown indicates that smart home solutions contributed 200 million RMB in 2022, increasing to 343 million RMB by 2024, while smart automotive solutions grew from 162 million RMB to 256 million RMB in the same period [4]. - The company's gross margin fluctuated, recorded at 34.9% in 2022, 38.0% in 2023, and 34.8% in 2024, influenced by increased competition in the automotive supply chain [5]. Market Outlook - The global sensor market is projected to grow from approximately $189.1 billion in 2020 to $237.1 billion by 2024, with a CAGR of about 5.8%, while the Chinese market is expected to grow from 292.9 billion RMB to 398.3 billion RMB, with a CAGR of 8.0% [6]. - In the smart home sector, the market for sensors and actuators is anticipated to reach approximately $230 billion and $459 billion globally by 2024, with corresponding figures for China at 449 billion RMB and 865 billion RMB [8]. - The automotive sector is also significant, with the market for automotive sensors and actuators projected to reach approximately $457 billion and $406 billion globally by 2024, and 895 billion RMB and 867 billion RMB in China [9]. Competitive Landscape - The sensor market is characterized by intense competition and is highly fragmented, with the top five sensor suppliers in China holding only about 5.4% market share [9]. - Aodiwei, while ranked fifth in the industry, has a market share of only 0.1%, indicating the competitive challenges it faces [9]. Strategic Positioning - Aodiwei's secondary listing in Hong Kong is a strategic move to strengthen its market position and enhance its technological research and development capabilities, aiming to capitalize on structural opportunities presented by the AIoT wave [10]. - The company must navigate the balance between scaling operations and maintaining technological leadership to convert its accumulated technological advantages into sustainable profitability and long-term value [10].

As filed with the United States Securities and Exchange Commission on December 10, 2025. Registration No. 333-291889 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Actelis Networks, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 3669 52-2160309 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer ...

Core Insights - Qualcomm and AST SpaceMobile are significant players in the wireless communications ecosystem, with Qualcomm focusing on high-performance chip designs and AST SpaceMobile developing a global cellular broadband network in space [1][2]. Qualcomm Overview - Qualcomm is well-positioned for long-term revenue growth, driven by strong 5G traction and a diversified revenue stream, with innovative product launches in mobile chipsets [4]. - The company is enhancing its Snapdragon mobile platforms, which support advanced features for augmented reality, virtual reality, and superior connectivity [4]. - Qualcomm is transitioning from a mobile communications firm to a connected processor company, gaining traction in EDGE networking and vehicle-to-everything (V2X) communication systems [5]. - Despite its advancements, Qualcomm faces competition from Intel in the AI PC market and from Samsung and MediaTek in the smartphone market, with potential impacts from U.S.-China trade tensions [6]. AST SpaceMobile Overview - AST SpaceMobile is preparing to launch BlueBird 6, a next-generation satellite that will significantly increase data capacity and size compared to previous models [7]. - The company plans to deploy 45-60 satellites by the end of 2026 to establish a space-based mobile network, enhancing cellular coverage in areas lacking terrestrial networks [8][9]. - AST SpaceMobile's service connects directly to standard smartphones, filling coverage gaps and partnering with major carriers like AT&T and Verizon [10]. - The company faces challenges from macroeconomic conditions and competition from established players like SpaceX's Starlink, which may impact its financial performance [11]. Financial Performance and Estimates - Qualcomm's fiscal 2026 sales are expected to grow by 3.2%, with EPS estimates trending upward by 2.1% over the past 60 days [12]. - AST SpaceMobile's 2025 sales are projected to grow by 1142%, but EPS estimates indicate a decline of 60.6%, with a downward trend of 8.2% over the past 60 days [12]. - Over the past year, Qualcomm's stock has increased by 10.2%, while AST SpaceMobile has surged by 209.2% [16]. Valuation Comparison - Qualcomm appears more attractive from a valuation perspective, trading at a price/sales ratio of 4.13, significantly lower than AST SpaceMobile's 107.22 [16]. - Both companies are rated with a Zacks Rank 3 (Hold), but Qualcomm is considered a better investment option for 2026 due to its steady revenue growth compared to AST SpaceMobile's volatility [19].

Core Insights - Airgain has signed a partnership agreement with a U.S. based telecom systems integrator to support the nationwide rollout of its Lighthouse™ Smart 5G NCR [1] Group 1 - The partnership aims to enhance the deployment of 5G technology across the United States [1] - Lighthouse™ Smart 5G NCR is positioned to improve connectivity and network performance for users [1]

Core Viewpoint - The medical robotics industry is positioned as a strategic high ground in global technological competition, driven by the acceleration of a new round of technological revolution and industrial transformation, alongside the increasing aging population in China and the continuous improvement of the hierarchical medical system [1] Group 1: Industry Development - The Ministry of Industry and Information Technology (MIIT) will promote high-quality development of the medical robotics industry, emphasizing top-level design and the formulation of the "14th Five-Year" high-end medical equipment industry development plan, with medical robots as a key development area [1] - A comprehensive policy system will be established to support technological innovation, registration and certification, medical insurance pricing, and application promotion for medical robots [1] Group 2: Innovation and Technology - MIIT supports collaboration among industry, academia, research, and medical sectors to accelerate the research and development of key common technologies such as bionic intelligent materials and flexible sensors [1] - The focus will be on clinical needs in specific areas like interventional radiology and dental implants, aiming to develop innovative products and promote the integration of 5G and artificial intelligence with medical robots [1] - New models and business formats such as remote surgery and AI-assisted diagnosis will be cultivated [1]

Company Overview - SBA Communications Corporation (SBAC) is valued at a market cap of $20.3 billion and is a leading independent owner and operator of wireless communications infrastructure [1] - The company primarily generates revenue by leasing antenna space on its extensive portfolio of cell towers, rooftops, small cells, and distributed antenna systems to major wireless carriers under long-term contracts [1] Market Position - SBAC is classified as a "large-cap stock" due to its market cap exceeding $10 billion, highlighting its size, influence, and dominance within the REIT - specialty industry [2] - The company benefits from steady demand for mobile connectivity and network densification driven by 5G, positioning it as a critical enabler of global wireless network expansion [2] Stock Performance - SBAC has slipped 22.8% below its 52-week high of $245.16, reached on May 6, and shares have declined 1.1% over the past three months, underperforming the S&P 500 Index's 5% rise during the same period [3] - Over the past 52 weeks, SBAC has fallen 15.2%, lagging behind the S&P 500's 13% uptick, and on a year-to-date basis, shares are down 7.1%, compared to the S&P 500's 16.3% return [4] Financial Performance - SBAC posted better-than-expected Q3 earnings results on November 3, with total revenue improving 9.7% year-over-year to $732.3 million, surpassing consensus estimates by 3.9% [5] - Higher site leasing and site development revenues contributed to the topline rise, while AFFO per share declined marginally to $3.30, exceeding analyst expectations of $3.19 [5]

来源：新浪证券-红岸工作室 12月10日，联特科技涨7.24%，成交额24.14亿元，换手率25.22%，总市值186.31亿元。 异动分析 共封装光学(CPO)+5G+芯片概念+数据中心+人民币贬值受益 1、2022年12月8日互动易回复：公司拥有了光芯片集成、高速光器件以及高速光模块设计、生产的核心 能力，在高速信号设计和仿真、光学仿真和光耦合工艺领域掌握了相关核心技术。公司目前研发的有基 于EML（电吸收调制激光器）、SIP（硅光）、TFLN（薄膜铌酸锂）调制技术的800G光模块，以及用 于下一代产品NPO（近封装光学）/CPO（共封装光学）所需的高速光连接技术、激光器技术和芯片级 光电混合封装技术等。 2、光模块目前主要应用市场包括数通市场、电信市场和新兴市场。其中数通市场是光模块增速最快的 市场，目前已超越电信市场成为第一大市场，是光模块产业未来的主流增长点；电信市场是光模块最先 发力的市场， 5G 建设将大幅拉动电信用光模块需求。公司产品是数据中心和 5G 通信应用领域的上游 关键部件。 3、根据公司互动：公司具备的是光芯片到光器件的设计制造能力。光芯片指应用于光通信的半导体， 是完成光电信号转换 ...

Core Viewpoint - The company, Zhejiang Zhaolong Interconnect Technology Co., Ltd., is experiencing growth in its revenue and profit, driven by its capabilities in high-speed cables, optical products, and machine vision solutions, while benefiting from the depreciation of the RMB in overseas markets [2][3][7]. Company Overview - Zhejiang Zhaolong Interconnect was established on August 21, 1995, and went public on December 7, 2020. The company specializes in the design, manufacturing, and sales of data cables, special cables, and connection products [7]. - The revenue composition includes: 43.60% from data communication cables of category 6 and below, 20.81% from category 6A and above, 18.04% from special cables, 11.62% from connection products, and 5.94% from other sources [7]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.518 billion yuan, representing a year-on-year growth of 13.28%. The net profit attributable to the parent company was 138 million yuan, reflecting a significant increase of 53.82% [7]. - The company has distributed a total of 113 million yuan in dividends since its A-share listing, with 82.34 million yuan distributed over the past three years [8]. Market Position and Strategy - The company has established itself as a core partner for international leading interconnect solution providers in the active cable (AEC) sector, leveraging its technological expertise in high-speed cable [2]. - The optical product range includes fiber optic jumpers, MPO/MTP pre-terminated cables, and LC fiber optic connectors, primarily serving high-end projects in finance, education, healthcare, and exhibitions, while also expanding into overseas markets [2]. - The company is one of the few in China capable of designing and manufacturing data cables of category 6 and above, meeting the new data transmission demands of the 5G era [2]. Investment and Market Dynamics - The company benefits from the depreciation of the RMB, with overseas revenue accounting for 61.93% of total revenue as of the 2024 annual report [3]. - The stock has seen a recent increase in trading activity, with a turnover rate of 4.68% and a total market capitalization of 17.818 billion yuan [1].

Group 1 - The core viewpoint is that silver prices are experiencing a bullish trend due to multiple factors, including industrial demand and monetary policy expectations [1][2][3][4] Group 2 - Global supply chain bottlenecks have eased but are not fully resolved, impacting silver supply dynamics [2] - Emerging industries such as photovoltaics, electric vehicles, 5G, and artificial intelligence are driving industrial demand for silver, which constitutes a significant portion of total silver demand [2] - The Federal Reserve's anticipated interest rate cuts and rising geopolitical risks have increased investor demand for precious metals as a hedge against inflation [2][3] Group 3 - Global silver supply is projected to be approximately 813 million ounces in 2025, remaining roughly stable year-on-year, with a slight increase in recycled supply [3] - Total global silver demand is expected to decline by about 4% to 1.12 billion ounces, with industrial demand decreasing by approximately 2% [3] - Market expectations for a 25 basis point rate cut by the Federal Reserve in December exceed 85%, which would enhance the attractiveness of holding silver [3] Group 4 - London silver prices have shown significant upward movement, reaching resistance levels around $61.50, indicating a dominant bullish trend [4] - The trend is supported by trading above the EMA50, which represents dynamic support [4] - However, the relative strength index shows negative overlapping signals, suggesting potential limitations on further price increases [4]