（编辑 丛可心） 证券日报网2月25日讯 ，赛微电子在接受调研者提问时表示，随着万物互联与人工智能的兴起，作为集 成电路细分行业的MEMS获得了更广阔的市场空间和业务机会。传统的传感器、执行器和无源结构器件 逐步被替代，MEMS技术的渗透率得以进一步提高。根据世界权威半导体市场研究机构 YoleDevelopment发布的《StatusoftheMEMSIndustry2025》，全球MEMS市场规模将由2024年的154亿美 元增长至2030年的192亿美元，CAGR（年均复合增长率）达到3.7%。MEMS行业Foundry模式与IDM模 式并存，代工企业通过支持Fabless、Fablite设计公司快速创新，推动MEMS生态发展。公司非常突出的 特点在于，公司是国内业界领先、极少数以Pure-Foundry模式运营的MEMS芯片专业制造厂商，包括其 他商业模式下的竞争对手主要为台积电、Teledyne、IMT、X-FAB、芯联集成、华鑫微纳、广州增芯、 上海先进、华虹宏力、华润微、士兰微等。截至目前，不同MEMS应用领域的竞争格局存在不同差异， 通信计算、生物医疗、工业汽车和消费电子领域的中高端市场已经开 ...

2026年2月25日，赛微电子披露接待调研公告，公司于2月25日接待淡水泉基金、孝庸基金、领丰资本、 腾飞资本等4家机构调研。 调研情况显示，赛微电子专注MEMS芯片制造主业，组织了北京FAB3产线洁净间参观。公司收购展诚 科技，因其为高新技术企业等，从事芯片设计服务及EDA软件开发，可协同MEMS EDA领域开发，拓 展战略布局，推动"MEMS＋"模式提升竞争力；转让瑞典Silex控制权是基于国际政经环境，为其寻求稳 定经营环境，避免价值减损，公司保留约45％股份获取投资收益及重大决策参与权。 赛微电子瑞典产线毛利率高于北京产线，因运营久、工艺开发占比高、折旧压力小，但北京产线工艺开 发毛利率不一定低；北京FAB3产能利用率较低，规划推动硅麦克风等量产爬坡、风险试产及工艺开 发，未来随订单增加提升良率和产能利用率；北京FAB3已量产硅麦克风等，试产气体芯片等，推进微 流控等工艺开发到量产阶段。 MEMS行业因万物互联和智能传感需求前景广阔，正替代传统传感器，公司认为纯代工模式能为设计公 司节省投入，与IDM模式长期共存；行业规模预计2024到2030年从154亿美元增至192亿，CAGR3． 7％，中高端市 ...

Core Viewpoint - The article discusses the challenges faced by a company specializing in commercial quadruped robots, particularly regarding the performance of depth cameras in bright outdoor environments, and highlights the significant improvements achieved with the Nebula 410 depth camera from Guangjian Technology [1][2][3] Group 1: Product Performance - The previous depth camera struggled in bright sunlight, failing to recognize objects even 1 meter away, leading to delays in collision warnings and decreased customer satisfaction [1] - The Nebula 410 depth camera successfully operates in extreme lighting conditions, with a tested illumination of over 100,000 lux, maintaining clear 3D point cloud visibility and accurately detecting objects like paper clips [2] - The Nebula 410 features an 8-meter detection range and a 98° field of view, significantly enhancing the robot's ability to navigate and avoid obstacles in various environments [2][3] Group 2: Integration and Algorithm Capabilities - The Nebula 410 is approximately one-third smaller than previous models, allowing for easier integration into new lightweight home companion robots [3] - It utilizes Guangjian's proprietary 3D SLAM algorithm, eliminating the need for additional laser radar for navigation and obstacle avoidance, thus improving safety and reducing blind spots to just 3 cm [3] - The implementation of the Nebula 410 has led to a 60% reduction in customer complaints and a decrease in order delivery time by half a month [3] Group 3: Future Opportunities and Events - Guangjian Technology will participate in the Munich Shanghai Optical Expo on March 18, 2026, to discuss the WFP nano-photonics chip technology behind the Nebula 410 [3][11] - The company aims to explore potential custom optimizations for different scenarios, such as improving detection stability in dusty environments for mining inspection robots [3] - There is a growing demand for domestic optical chips and high-power compound semiconductor suppliers from major telecom operators, with plans for multi-million dollar orders within the year [11][12]

Core Insights - The article discusses significant advancements in silicon-based photonic integration technology, which is crucial for meeting the increasing demand for high-performance interconnect capabilities in the context of exponential data growth driven by AI, IoT, and big data [1] Group 1: Technological Advancements - Silicon photonic integration is identified as a revolutionary technology that merges light and electricity, enabling high bandwidth, low latency, high energy efficiency, and lightweight interconnect solutions [1] - Recent research by a team led by researchers Yang Tao and Yang Xiaoguang has made progress in large-scale monolithic integration of high-speed optical interconnects using a silicon-based epitaxial quantum dot platform [2] Group 2: Research Findings - The research results were published in "Laser & Photonics Reviews," highlighting the development of a wafer with an 8-layer InAs/GaAs quantum dot structure on a CMOS-compatible silicon substrate [2] - The team successfully fabricated direct modulation lasers and waveguide photodetectors, achieving a maximum 3-dB bandwidth of 4.5 GHz for lasers and 2.02 GHz for detectors [1][2] Group 3: Performance Metrics - The direct modulation rate of the laser reached 12.5 Gbit/s, while the data reception capability of the detector was 5 Gbit/s [1] - High-speed signal interconnects were demonstrated with a rate of 1.01 GHz based on a free-space optical coupling integrated structure [1]

近日，迅翼卫通董事长李庆安接受了《中国经营报》记者专访，深入阐述了公司在核心技术上的突破、 对市场的前瞻布局，以及对中国商业航天产业的深度思考，目标是成为6G时代"天地一体"智能终端的 关键推动者。 打造普适性卫星终端 《中国经营报》：迅翼卫通在卫星相控阵技术领域处于怎样的地位？与美国的星链相比，中国的核心技 术优势有哪些？ 李庆安：单从技术角度讲，我们在全球卫星相控阵终端领域是走在前列的。我们的优势在于"普适 性"与"全轨兼容"。 在低轨卫星互联网竞赛日趋激烈的当下，商业航天如何与普通人发生链接，成为一个新的议题。 成都迅翼卫通科技有限公司，多年从事卫星相控阵天线的研发与制造，其技术不仅多次保障了神舟飞船 返回等国家重大任务，还致力于让卫星通信像移动网络一样普及，让更多的普通消费者熟悉了解卫星通 信。 李庆安：是的，过去十年是定义技术边界、探索工艺路线的过程，现在技术已经比较成熟，行业将进入 高速发展期。只要卫星网络持续建设，终端市场就会呈指数级增长。 关于手机直连卫星，我们认为这是必然趋势，但当前还只是初步阶段。目前市面上的卫星电话或卫星通 信手机，带宽和体验有限，远未达到"完整的6G天地一体"水平。未来 ...

Core Insights - Apple's success transcends commercial and technological boundaries, capturing and shaping the ultimate imagination of technology products as extensions of identity, taste, and lifestyle [1] - Apple captures over 80% of the industry's profits with less than 20% of sales, demonstrating its ability to set rules rather than just compete [1] - The profit model of Apple has evolved from traditional revenue-cost-profit formulas to a new formula based on user value and ecosystem leverage, emphasizing long-term user relationships [1] Group 1: Profit Model and Market Position - Apple's profit model allows it to maintain high overall profit margins despite fluctuations in iPhone sales and hardware gross margins [1] - In contrast, Chinese smartphone companies like Xiaomi, OPPO, and vivo are projected to have net profit margins below 10% by 2025, less than one-third of Apple's [1][2] - The disparity in profitability is attributed to differences in business models and industry positioning rather than technology or product quality [2] Group 2: Challenges and Opportunities for Chinese Companies - Chinese smartphone companies face challenges in establishing differentiated advantages amid hardware homogenization and brand recognition limitations [2] - The shift towards AI and interconnected devices presents an opportunity for Chinese companies to redefine competition and create unique ecosystems [2] - Companies like Huawei, Xiaomi, and OPPO are attempting to build open intelligent ecosystems that differ from Apple's, potentially generating greater industry value and social impact [2] Group 3: Long-term Strategy and Future Outlook - The essence of Apple's profit myth lies in the "war of definition," where it sets standards for high-end experiences and indispensable technology [2][3] - Chinese smartphone companies must adopt a long-term perspective, recognizing that building competitive advantages in areas like chip development and ecosystem construction requires significant time and investment [3] - The mobile industry is entering a phase of competition focused on profits, ecosystems, and future definitions, with the outcomes likely to shape the global technology landscape [3]

Core Insights - The core theme of the event was the launch of a new generation of enterprise service intelligence, focusing on "interconnectivity and ecological integration" to create a smarter and more open ecosystem [1] Group 1: Intelligent Management System - The new intelligent management system empowers both enterprises and employees, providing comprehensive management optimization and risk prevention capabilities [3] - For enterprises, it enhances management efficiency through AI-driven automatic audits, real-time risk control reports, and resource optimization suggestions [3] - For employees, it offers a clear incentive mechanism and various reward redemption options, allowing them to earn "work credits" based on their contributions, which can be exchanged for travel upgrades and discounts [3] Group 2: Smart Hardware Integration - The event showcased a smart ring equipped with a custom chip that monitors employees' health metrics, integrating health management with workplace scenarios [5] - This smart ring also features multiple functions such as payment, access control, and identity verification, significantly enhancing convenience in both work and life [5] - The technology is embedded in various smart devices, creating a seamless intelligent service network through precise verification of biometric features and behavioral habits [6] Group 3: User Experience and Benefits - Users wearing the smart hardware can enjoy VIP treatment at any global partner location without additional identity verification, as the hardware automatically completes identity authentication [8] - This transforms the smart hardware into a "digital black card," allowing personal assets and privileges to be accessed anytime and anywhere [8] Group 4: Future Development and Ecosystem - The company plans to deepen its ecological layout by providing a comprehensive support system for partners, enhancing collaboration with platforms like Tmall and integrating over 3,000 self-signed hotel resources [10] - The company aims to build a diverse supply chain and a privilege system for employees in partnership with high-quality service providers [10] - Since its establishment in 2009, the company has served over 10,000 listed and large enterprises, focusing on upgrading the enterprise service ecosystem to promote mutual growth for companies and employee satisfaction [10]

Core Insights - HarmonyOS 6 is emerging as a significant player in the all-scenario development landscape, attracting developers eager to explore its potential [1][17] - The book "HarmonyOS 6 Development Road: Volume 3 - Project Practice" serves as a practical guide for developers, addressing challenges in transitioning from basic syntax to enterprise-level application development [1][2] Group 1: Key Projects - **HappyNote**: This project focuses on lightweight cross-device experiences through meta-services and cloud integration, enabling seamless data synchronization across devices [3][4] - **Zhuangyuanxiu**: This educational application exemplifies single-module development, integrating front-end and back-end technologies to enhance maintainability and scalability [5][6] - **Mengqu Video**: This project addresses multi-device adaptation, providing a consistent video playback experience across smartphones and tablets through a three-layer architecture [7][8] - **Xinyu Collection**: Utilizing the UniApp cross-end framework, this project demonstrates efficient cross-platform development, allowing for component reuse and data compatibility across different platforms [9] Group 2: Innovation Highlights - The book introduces AI tools for backend service generation, significantly reducing development time and enhancing efficiency through automated code generation [11][12] - A comprehensive intelligent development pipeline is established, integrating various AI tools to streamline the development process from requirement analysis to testing [11][12] Group 3: Developer Resources - The book provides extensive resources, including core design documents, key code examples, and complete source code, facilitating a seamless transition from theory to practice for developers [13] - Authored by a team of Huawei experts, the book combines high standards of enterprise training with practical insights, ensuring the content is both authoritative and applicable [14] - Targeting developers with a foundational understanding of HarmonyOS, the book aims to help them overcome challenges in enterprise-level project development and cultivate good coding practices [15]

Core Viewpoint - The rapid development of the HarmonyOS ecosystem, driven by national strategies and technological advancements, positions it as a key player in the digital economy, with Xiamen emerging as a significant hub for its implementation and innovation [1][2][3]. Group 1: HarmonyOS Development - HarmonyOS has evolved from its debut in 2019 to commercial use in 2024, completing a decade's worth of development in just five years, showcasing remarkable speed in the industry [1]. - The ecosystem addresses traditional operating system challenges such as poor device compatibility and low development efficiency, facilitating a shift from functional hardware to scenario-based services [2]. - The strong policy support, including the "14th Five-Year Plan" and "15th Five-Year Plan," emphasizes the importance of foundational software and operating systems as key areas for breakthrough [2]. Group 2: Xiamen's Role in the Ecosystem - Xiamen has established the first HarmonyOS-themed developer innovation center in the country, which serves as a platform for enterprise empowerment, talent cultivation, and ecological aggregation [3][5]. - The center collaborates with nine local associations and has developed numerous local enterprises into Huawei's HarmonyOS ecosystem partners, fostering industry clustering [5]. - Xiamen's ecosystem includes applications in smart home, smart healthcare, smart shipping, and financial technology, demonstrating a diverse and growing application matrix [5]. Group 3: Achievements and Impact - Over three years, the center has empowered more than 110 enterprises and created over 20 benchmark cases in various industries, while also training over 1,300 certified HarmonyOS engineers [7][9]. - The center has played a crucial role in bridging the gap for traditional enterprises lacking the capability to adapt to new operating systems, facilitating their transition to HarmonyOS [8]. - Successful commercial cases, such as the significant sales growth of products upgraded to HarmonyOS, highlight the ecosystem's potential to drive new growth curves for businesses [11]. Group 4: Developer Opportunities - The expanding demand for HarmonyOS has created a wide range of opportunities for developers, from application adaptation to vertical industry solutions [13]. - The center provides systematic support for developers, including technical exchanges, training, and access to resources, enabling them to enhance their skills and participate in commercial projects [13]. - The success stories of local enterprises serve as a direct value guide for developers, indicating that engaging with HarmonyOS can lead to tangible business benefits [13]. Group 5: Future Prospects - The HarmonyOS ecosystem is expected to continue growing, with Xiamen positioned to leverage its existing strengths in areas like smart oceans and green buildings [14]. - The integration of cutting-edge technologies such as AIoT is anticipated to further expand the application space for HarmonyOS [14]. - Xiamen's experience demonstrates that with the right focus and execution, cities can become fertile grounds for innovation and digital transformation [14].

Core Insights - The launch event for Heimi Technology's smart home products took place at the 2026 Haoleke Dealer Summit, showcasing AI-driven solutions including smart 5G CPE speakers and voice assistants [1] - Heimi Technology is a joint venture established by Fengzhushou Co., Ltd., Haoleke Creative Home Co., Ltd., and Guangdong Haotaitai Technology Group Co., Ltd., leveraging Fengzhushou's expertise in hardware integration and communication technologies [1] Group 1 - Fengzhushou is advancing an integrated AI application strategy combining hardware, cloud terminals, services, and scenarios, addressing industry pain points such as manual pairing and connection stability of smart devices [2] - The company has developed a home-specific intent model that collaborates with major cloud platforms to enhance voice interaction adaptability and semantic understanding, enabling features like voice control and smart Q&A [2] - The "cloud terminal + service" model has empowered AI application solutions, integrating multimodal large model technology with hardware to create devices that can proactively serve user needs [2] Group 2 - The company plans to accelerate the launch of various AI smart terminals, positioning them as key nodes in the Internet of Things to facilitate the implementation of AI applications across different scenarios [3]