Summary of the Conference Call for Dao's Technology Company and Industry Overview - **Company**: Dao's Technology - **Industry**: Semiconductor and High-Performance Computing (HPC) Key Points and Arguments 1. Dao's Technology has entered the chip research, production, and sales sector through its 80% stake in the computing power center, aiming to expand market influence and support R&D for research institutions and enterprises, marking a significant step in industrialization [2][3] 2. The company focuses on the design of APU (Atomic Processing Unit) chips using a fabless model, outsourcing production to foundries like TSMC and SMIC. The APU is primarily used for atomic-level scientific computing, with a projected market size in China reaching hundreds of billions of RMB annually, and currently no direct competitors [2][6] 3. The APU chip features a storage-computing integrated brain-like architecture, significantly improving computation speed and reducing energy consumption by two to three orders of magnitude compared to traditional GPUs and CPUs, particularly excelling in atomic-level scientific calculations [2][9] 4. The He Xi Atomic Computing Center, co-established by Dao's Technology, plans to invest approximately 200 He Xi architecture servers, with completion expected in 2025 and further expansion in 2026 [2][10] 5. The supercomputing service market is valued at hundreds of billions of RMB, with atomic-level scientific computing accounting for 50%-75% of this market, indicating a potentially underestimated market space [2][11] 6. The APU chip has significant growth potential, akin to the transformative impact of GPUs on AI, with the ability to unlock a trillion-level market in material research [2][12] Additional Important Insights 1. Dao's Technology has established a partnership with Professor Liu Jie’s team to develop the Guangdong Xin Pei Sen platform, where Dao's holds a 20% stake, focusing on chip R&D, production, and sales [3] 2. The APU chip has already been applied in fields such as new energy material design, outperforming Nvidia's banned GPU by an order of magnitude and being three times faster than imported CPUs [4][14] 3. The company’s business model includes time leasing, hardware sales, and technical services, with a focus on providing tailored solutions based on customer needs [4][16] 4. The APU chip is positioned as a high-precision, high-performance solution for atomic-level scientific calculations, providing distinct advantages over general-purpose GPUs [7][43] 5. The company has received positive feedback from major clients in the materials sector, including Ningde Times and Zhuhai Guangyu, confirming the performance advantages of their computing services [31] 6. Dao's Technology emphasizes its core barriers, including the integration of complex atomic-level scientific computing algorithms into the APU chip and the proprietary software ecosystem that supports its hardware [32] Market and Competitive Landscape 1. The APU chip's market is currently dominated by Dao's Technology, with no direct competitors in the atomic-level scientific computing niche [6][13] 2. The company plans to maintain its focus on scientific computing rather than entering the general computing market, which is already saturated with established solutions [47] 3. The company is also exploring the integration of large model technologies to meet domestic computing demands [45] Future Developments 1. Dao's Technology is in the process of developing ASIC chips, with the first MPW tape-out completed in 2023 and plans for further product iterations in 2026 [48][49] 2. The company aims to expand its computing power center and establish additional training centers in collaboration with local governments and partners [10][52]