ab 17 March 2026 Global Research China Medtech Marketing book Equities China Healthcare Jun Deng Analyst jun.deng@ubs.com +852-3712 2103 Chen Chen, PhD Analyst S1460520100001 chen-zb.chen@ubs.com +86-10-5832 8201 Henry Liu, CFA Analyst S1460520110002 henry-za.liu@ubs.com +86-105-832 8509 Liz Han, CFA Analyst liz.han@ubs.com +852-2971 6106 David Guo, PhD Analyst S1460524040001 david-za.guo@ubs.com +86-10-5832 8010 Emma Ma, CFA Associate S1460124070003 emma-mc.ma@ubs.com +86-21-3866 8981 This report has been ...

Throw away your AirPods because headphones are officially about to become [music] obsolete. You see, Elon Musk confirmed on his Xplatform that one of the core features is streaming music directly into your brain. No speakers or cables, just raw audio signals firing in your auditory cortex.You could listen to your favorite song while having a serious conversation and no one would know. It's the ultimate secret soundtrack for your life. But be careful.You might get a song stuck in your head forever. ...

Asia Emerging Robotics Future of Tech: The Brain-Computer Interface Primer on 18-Mar-2026 PRIMER 18 March 2026 Dien Wang, Ph.D. +852 2123 2622 dien.wang@bernsteinsg.com Jay Huang, Ph.D. +852 2123 2631 jay.huang@bernsteinsg.com Weibin Liang, Ph.D. +852 2123 2666 weibin.liang@bernsteinsg.com This report is part of a series on the Future of Tech in which we identify the key technologies and companies of the future. Brain–Computer Interface (BCI), which enables direct communication between the human brain and e ...

Core Viewpoint - The article emphasizes the significance of "future energy," which includes energy storage as a key component, distinguishing it from traditional new energy sources [4]. Group 1: Development of Energy Storage in China - China is recognized as a global leader in new energy generation, and its advancements in energy storage are even more pronounced, showcasing a remarkable development journey [6]. - The dialogue features insights from Chen Haisheng, a prominent figure in the energy storage sector, discussing how energy storage can become a strategic advantage for China [6]. Group 2: Upcoming Events - The 14th International Energy Storage Summit and Exhibition (ESIE 2026) will take place from March 31 to April 3, 2026, at the Beijing Capital International Exhibition Center [9]. - The event will include various forums focusing on cutting-edge technologies, market mechanisms, and international perspectives on energy storage [14][15].

HONG KONG and NEW YORK, March 17, 2026 (GLOBE NEWSWIRE) -- K-Tech Solutions Company Limited (NASDAQ: KMRK; “K-Tech”), a Hong Kong-based design house specializing in complex electromechanical products and educational hardware, announced signing a memorandum of understanding with Boardware Intelligence Technology Limited (HKEX: 1204.HK; “Boardware”). K-Tech will act as Boardware’s exclusive hardware development and engineering partner for Boardware’s AI and Brain-Computer Interface (BCI) product platform. Thi ...

丨证券研究报告丨 %% %% 行业研究丨行业周报丨软件与服务 [Table_Title] 2026 年第 10 周计算机行业周报： 模型与算力共振，国产 AI 大周期拐点已至 宗建树 陈耀文 SAC：S0490520030004 SAC：S0490525070002 SFC：BUX668 请阅读最后评级说明和重要声明 报告要点 [Table_Summary] 上周计算机板块大幅回撤，整体下跌 5.83%，在长江一级行业中排名第 31 位，两市成交额占 比为 6.63%，能源 IT 活跃。上周政府工作报告提出培育壮大新兴产业和未来产业；国家发展改 革委主任郑栅洁表示将继续实施北斗规模应用工程。近期，国产大模型被 OpenClaw 大规模调 用，建议关注（1）新入口&大模型商业化爆发；（2）国产芯片（CPU+GPU）&第三方云；（3） Agent 重构软件，聚焦"高价值+高壁垒+高兑现"场景。 分析师及联系人 [Table_Author] %% %% research.95579.com 1 [Table_Title 2026 年第 102] 周计算机行业周报： 模型与算力共振，国产 AI 大周期拐点已至 [Ta ...

Market Overview - Major indices showed positive performance with the STAR Market 50 up by 1.72%, ChiNext Index up by 1.66%, Shenzhen Component Index up by 1.23%, North Star 50 up by 1.12%, and Shanghai Composite Index up by 0.64% [1] - The TMT sector led the gains with SW LED increasing by 10.87%, SW Panel by 4.86%, and SW Optical Components by 3.79% [1] - Conversely, the TMT sector also saw declines with SW Discrete Devices down by 0.58% and SW Passive Components down by 0.04% [1] Domestic News - Nisi Semiconductor has established the world's first 35-micron power semiconductor ultra-thin wafer process and packaging testing production line, significantly improving device efficiency and thermal performance for applications in electric vehicles and 5G base stations [2] - A blockchain-specific acceleration chip developed by a research team has achieved a 50-fold performance improvement, addressing the computational bottleneck in large-scale blockchain networks, and has been applied in 16 central ministries and 27 central enterprises [2] - The African smartphone market is projected to see a 14% year-on-year increase in shipments in Q4 2025, reaching 23.1 million units, with Honor achieving double-digit growth for the second consecutive year [2] - Shenghui Integrated announced that its subsidiary in Thailand has won a project order worth approximately 242 million RMB (pre-tax) [2] Overseas News - Samsung Electronics confirmed that DRAM prices will rise by over 100% in Q1, initially projected to increase by 70% due to surging demand from AI applications [3] - Counterpoint Research forecasts that the average price of new smartphones in China will increase by 15%-25% after March, marking the largest collective price adjustment in five years [3] - The price of G.652D single-mode optical fiber has surged nearly 650% from 18 RMB/km at the beginning of the year to a current price of 85-120 RMB/km [3] - With the rise of generative AI, data centers are facing challenges in transmission density and energy efficiency, leading to a shift towards Micro LED CPO solutions that significantly reduce energy consumption [3] AI Insights - Google has opened its previously experimental Canvas feature to all users in the U.S., marking a shift in its search capabilities towards a comprehensive creative platform [4] - MiniMax has released Music 2.5+, which adds pure music creation capabilities across various styles, suitable for meditation, sleep aid, and advertising [4] - CoreWeave has entered a long-term strategic partnership with AI search company Perplexity to utilize its cloud computing resources for AI inference workloads [4] - Flowith has completed a multi-million dollar seed round of financing to develop an "action-oriented" operating system for the Agentic AI era [4] Industry Tracking - Starfire Space has successfully conducted the first full-system test of its "Flame II" electric pump cycle rocket engine, validating the feasibility of this technology in domestic engines [5] - A brain-machine interface has been introduced at a rehabilitation center, allowing patients to control external devices through brain signals captured by EEG equipment [5] - Deepen AI has launched a Visual-Language-Action tool aimed at providing data toolchains for robotic teams, integrating various data types for structured action outputs [5] - A new high-speed precision cutting device developed by Shougang Engineering has successfully achieved stable and precise cutting of ultra-thin steel strips at a speed of 60m/min [5]

Market Overview - The major indices showed mixed performance with the Shanghai Composite Index up by 0.39%, while the ChiNext Index fell by 1.04% [1] - The TMT sector led the gains, particularly in communication cables and related services, which rose by 3.71% and 3.13% respectively [1] Domestic News - Anlu Technology announced a price increase across its entire line of FPGA packaging products, with increases ranging from 20% to 60% [2] - Phison indicated that the rapid development of AI infrastructure has significantly boosted NAND demand, leading to changes in payment terms from suppliers [2] - Huashengchang plans to acquire 100% of Jialante for an estimated valuation of 460 million, marking its entry into the core field of optical communication testing [2] - Xidian Microelectronics announced a price adjustment for some IC products due to rising costs in wafer foundry and packaging [2] Overseas News - Micron officially opened its semiconductor packaging and testing factory in Sanand, Gujarat, India, with expectations to package tens of millions of chips by 2026 [3] - Broadcom has begun delivering the industry's first 2nm custom computing SoC based on its 3.5D XDSiP platform [3] - Dell reported over $64 billion in AI-optimized server orders for the year, with a backlog of $43 billion as it approaches fiscal year 2027 [3] - Counterpoint Research forecasts a 139% year-on-year increase in global smart glasses shipments in the second half of 2025, driven by AI smart glasses [3] AI News - Google launched its new image generation model, Nano Banana 2, which offers over 50% cost reduction compared to its predecessor while enhancing text comprehension and generation speed [4] - Tongyi Lab's AgentScope team announced the open-source release of its personal assistant product CoPaw, focusing on usability and local deployment [4] - Huawei Cloud released the public beta of its CodeArts AI coding solution, integrating a large code model with various development environments [4] - Tencent Research Institute's DeepSeek collaborated with Tsinghua and Peking University to publish a DualPath inference system that significantly improves throughput [4] Industry Tracking - Electric Science Blue Sky reported an 82% participation rate in the satellite development plan for the National Grid constellation [5] - A team from China successfully developed a flexible electrode for brain-machine interfaces, addressing key challenges in dynamic brain movement [5] - Tianhua Chemical Group signed contracts for key projects under its 14th Five-Year Plan, with a total investment of 800 million, expected to generate an annual output value of 1.5 billion [5] Earnings Announcements - Demingli reported total revenue of 10.789 billion, a year-on-year increase of 126.07%, with a net profit of 688 million, up 96.35% [6] - Shunluo Electronics achieved total revenue of 6.745 billion, a 14.39% increase, with a net profit of 1.021 billion, up 22.71% [6] - Jingfang Technology reported total revenue of 1.474 billion, a 30.44% increase, with a net profit of 370 million, up 46.23% [6] - Shengmei Shanghai reported total revenue of 6.786 billion, a 20.8% increase, with a net profit of 1.396 billion, up 21.05% [6]

Group 1 - Elon Musk has been ranked No. 1 on Forbes' 2026 list of America's greatest living innovators, surpassing notable figures like Jeff Bezos and Bill Gates [1][2] - Musk is recognized for his role in building or scaling five multibillion-dollar companies across various sectors, including Tesla, SpaceX, Neuralink, xAI, and The Boring Company [2][3] - Jeff Bezos is ranked No. 2 for his impact on retail and cloud computing, while Bill Gates and George Lucas follow in third and fourth place, respectively [3][4] Group 2 - Musk's current net worth is approximately $684 billion, making him the world's richest person according to the Bloomberg Billionaires Index [5] - SpaceX is focusing on establishing a base on the moon as a priority before sending humans to Mars [5] - Blue Origin, led by Jeff Bezos, has paused its space tourism flights to concentrate on developing a lunar lander for NASA [6]

Market Overview - The major indices showed mixed performance with the Shanghai Composite Index up by 0.09%, while the Shenzhen Component, North 50, ChiNext, and Sci-Tech 50 indices declined by 0.35%, 0.44%, 1.08%, and 1.11% respectively [1] TMT Sector Performance - The TMT sector saw gains in sub-sectors such as SW Electronic Chemicals III (+0.65%), SW Passive Components (+0.55%), and SWIT Services III (+0.15%) [1] - Conversely, the TMT sector faced declines in SW Portal Websites (-4.68%), SW Marketing Agencies (-4.05%), and SW Mass Publishing (-4.03%) [1] Domestic News - Zunheng Semiconductor announced a significant breakthrough in advanced packaging electroplating technology, achieving a uniformity control of 2.7%, surpassing the industry standard of 3% and breaking the long-standing monopoly of foreign manufacturers in this core technology area [2] - Silan Microelectronics announced a 10% price increase for certain device products effective March 1, 2026, due to significant fluctuations in global metal market prices, particularly for key precious metals used in wafer manufacturing [2] - Huada Technology's acquisition of Huayi Microelectronics for 2.996 billion aims to leverage Huayi's R&D capabilities to extend its power device brand development and sales across automotive, industrial, and consumer sectors, creating a new revenue growth point [2] - Xinyi Huazhi's OLED deposition equipment has secured orders worth hundreds of millions from leading panel customers, marking a successful transition from technology R&D to mass production and breaking foreign manufacturers' long-standing dominance in this field [2] International News - Amazon is deepening its partnership with STMicroelectronics to enhance the performance and efficiency of AWS data centers, focusing on chip design optimization and tighter integration of manufacturing processes [3] - The South Korean government announced a plan worth 1 trillion KRW (approximately 687.8 million USD) to develop AI semiconductors for equipment applications, aiming to produce about 10 types of AI chips for autonomous vehicles, smart appliances, and humanoid robots over the next five years [3] - TrendForce predicts that Google's Ironwood cabinet system will boost the global shipment share of 800G+ high-speed optical transceiver modules from 19.5% in 2024 to over 60% by 2026, becoming a standard in AI data centers [3] - imec announced the launch of its "NanoIC" pilot production line with a total investment of 2.5 billion euros, equipped with advanced High NA EUV lithography machines, expected to receive ASML's High NA EUV lithography machine by March 2026 [3] AI Insights - Kaiden Electronics launched the world's first AI solution for chip front-end design and verification, ChipStack™ AI, which can autonomously complete design and verification tasks, improving efficiency by up to 10 times [4] - Deepseek released a new version with a significant upgrade, increasing the context window from 128K to 1M tokens, indicating a major iteration based on new data training [4] - Tencent's HY-1.8B-2Bit model achieves a parameter reduction of six times compared to the original model while enhancing generation speed by 2 to 3 times on real edge devices [4] - Clawra, an AI girlfriend based on OpenClaw, has been launched, featuring a complete life trajectory and digital personality, capable of chatting, sending selfies, and video calls [4] Industry Tracking - The "Star Cloud II" large reusable launch vehicle's core propulsion system has made significant progress, completing ignition tests with the "Thunder-RS" engine, which has the highest thrust in China at 130 tons [5] - A Chinese team successfully completed the world's first clinical trial applying brain-machine interface technology for boundary identification in deep brain tumor surgery [5] - IDC forecasts that global humanoid robot shipments will reach approximately 18,000 units by 2025, a year-on-year growth of about 508%, with sales expected to reach around 440 million USD [5] - A Chinese team has successfully implemented Joule heating technology to achieve ultra-fast ceramicization of polycarbosilane precursors in one second, significantly improving pyrolysis efficiency [5]