Core Viewpoint - The article discusses the strategic transformation of Yintan Zhikong from a traditional distributor to a semiconductor IDM enterprise, highlighting its recent acquisitions and developments in the MEMS and OCS sectors as pivotal steps in this transition [1][31]. Group 1: Google TPU and Market Impact - Google's TPU is emerging as a significant competitor to NVIDIA in the AI computing space, with OpenAI leveraging TPU to negotiate a 30% reduction in NVIDIA's total cost of ownership [3]. - The success of Google's TPU has brought attention to MEMS-OCS (Optical Circuit Switch) technology, which is essential for efficient AI infrastructure [4][5]. Group 2: Yintan Zhikong's MEMS Development - Yintan Zhikong is one of the two companies in China capable of mass-producing MEMS micro-mirrors, which are critical for applications in automotive LiDAR, AR-HUD, and optical communication [9][14]. - The company has made significant progress in developing MEMS micro-mirrors, with plans to focus on automotive LiDAR and laser projection applications, having secured contracts with leading clients [10][13]. Group 3: Acquisitions and Strategic Goals - Yintan Zhikong plans to acquire Guanglong Integrated Technology and Aojian Microelectronics to enhance its capabilities in MEMS-OCS and analog chip sectors, aiming to create a complete vertical supply chain [17][26]. - Guanglong Integrated Technology specializes in optical switches and has made advancements in OCS technology, while Aojian Microelectronics focuses on high-performance analog chips, which are in high demand for domestic market replacement [21][26]. Group 4: Financial Performance and Future Outlook - Yintan Zhikong reported a total revenue of 5.346 billion in 2024, with a net profit of 60 million, indicating a need for improved profitability as most revenue comes from low-margin electronic component distribution [30]. - The company’s strategic acquisitions are viewed as essential for its transition to a semiconductor IDM, although challenges in integration and execution remain [30][31].

Core Viewpoint - The company, Saiwei Electronics, emphasizes its advancements in MEMS-OCS technology, which enhances optical link performance and stability while reducing costs and power consumption, making it suitable for applications in data centers and supercomputing clusters [1] Group 1: Technology Development - The MEMS-OCS micro-mirror array can precisely adjust the refraction direction of optical links, enabling signal switching and bidirectional transmission [1] - The company has nearly 10 years of experience in the MEMS-OCS field, from initial contact to staged development, risk trial production, and mass production [1] Group 2: Industry Participation - The company aims to continue its role as a specialized MEMS manufacturer, participating in the development of the MEMS industry [1] - Ongoing research and development efforts will focus on silicon photonic communication chip manufacturing technology to advance related technical challenges and foundational application research [1]