对于物联网 MCU 供应商而言，市场正在复苏，技术不断变革，这意味着供应商必须时刻了解最新趋势，才能在高度集中的市场中保持竞争力；而对那些 使用物联网 MCU 的 OEM/终端用户来说，随着物联网 MCU 变得更加开放、节能、智能和安全，紧跟技术趋势和关键供应商的步伐可能会非常有价值 ——在此背景下，本文将基于 IoT Analytics 最新发布的报告，概述物联网 MCU 市场的近况和未来技术趋势。 MCU （(Microcontroller Unit；微控制单元）是现代电子设备中的"隐形骨干"。如今，数十亿台设备依靠 MCU 实现控制、感知与通信功能，广泛分布于各 行各业。通过在一颗低功耗芯片上集成处理器、存储器以及输入/输出外设，MCU 能够应用于从家用电器、可穿戴设备到汽车与工业机械的各类场景。 物联网 MCU 增长的关键驱动因素 物联网 MCU 是互联设备的"大脑"。与传统 MCU 不同，IoT MCU 专为互联设备而设计，通常结合处理与控制能力，同时集成或支持通信接口。随着物联 网部署的扩展，这类互联 MCU 正成为低功耗、始终在线型应用（如智能电表、工业传感器、联网汽车等）的关键推动力。 根据 ...

Core Viewpoint - Beijing Junzheng, a leading CPU company established in 2005, has submitted its listing application to the Hong Kong Stock Exchange, showcasing its growth through technological innovation and market expansion in the CPU design sector [1]. Market Position - Beijing Junzheng holds leading positions in various niche markets: - 6th globally and 1st domestically in niche DRAM - 2nd globally and 1st domestically in SRAM - 7th globally and 3rd domestically in NOR Flash - 3rd globally in IP Cam SoC [3]. Financial Performance - The company's financial performance has shown a downward trend from 2022 to the first half of 2025: - Revenue: 54.12 billion, 45.31 billion, 42.13 billion, 22.49 billion - Profit: 7.79 billion, 5.16 billion, 3.64 billion, 2.02 billion - R&D expenses: 6.42 billion, 7.08 billion, 6.81 billion, 3.48 billion - Gross margin maintained between 33.4% and 35.5% [3]. Product Line and Technology - The product line includes computing, storage, and analog chips, providing integrated system solutions. - The company focuses on high-performance, low-power computing chips, high-quality storage chips, and various high-specification analog chips, with applications in AIoT, smart security, automotive electronics, and industrial medical fields. - RISC-V architecture is adopted for computing chips to enhance technological competitiveness [4]. Customer and Supply Chain - Products are sold in over 50 countries, with the top five customers accounting for over 50% of revenue and top five suppliers accounting for 47.8% to 65.1% of procurement [5]. - The company collaborates closely with 18 wafer fabs and 32 packaging and testing partners [5]. Future Plans - The company plans to strengthen AI technology and product layout, upgrade automotive-grade chip products, and expand its product matrix. - Specific measures include upgrading computing chips, launching larger capacity storage chips, developing eMMC and UFS products, and advancing new storage chips like 3D DRAM. - The focus will also be on RISC-V CPU architecture optimization and the design of next-generation RISC-V CPU, NPU, VPU, and ISP, expanding into emerging fields like AIoT, smart security, and robotics [5].

如果您希望可以时常见面，欢迎标星收藏哦~ 当前，AI产业正迎来算力需求的爆发式增长：大模型参数规模以每年10倍速度膨胀，自动驾驶、 智能医疗等核心场景对实时算力的需求持续攀升，据行业预测，2025年全球智能算力缺口将达 35%。作为支撑产业发展的底层基座，AI芯片的市场空间与发展潜力随之凸显，成为全球科技竞 争的核心赛道。 然而，国产AI芯片产业发展正深陷来自软硬件技术瓶颈、传统架构受限与生态不足等多方面的困 境与挑战。尤其在国际局势多变的背景下，构建自主可控的 AI 芯片软硬件生态，已成为突破发展 桎梏的核心命题。 在此关键节点，开源、可扩展的RISC-V架构凭借其独特优势，成为破局的重要突破口。随着AI大 模型算力需求的进一步释放，RISC-V正加速从边缘端向高性能计算领域延伸——通过多核异构架 构与存算一体技术的深度融合，它在推理效率与能效比上展现出传统架构难以比拟的潜力；更重要 的是，其开放协作的生态特性，为国产AI芯片搭建自主可控的软硬件体系提供底层支撑。 国产RISC-V，再迈关键一步 正是在这一产业需求与技术突破共振的背景下，2025年9月9日，RISC-V存算一体产业论坛暨应用 组启动大会在杭 ...

Core Viewpoint - The company has developed multiple 32-bit microprocessors based on the RISC-V architecture, filling gaps in high-reliability fields and establishing a comprehensive application ecosystem [1] Group 1: Product Development - The first RISC-V architecture 32-bit MCU product has begun small-scale shipments, applicable in motor control and electronic system health monitoring [1] - The product features an integrated 32-bit core, a maximum operating frequency of 80MHz, wide voltage support (3V-5V), and high ESD performance (8000V), making it suitable for communication and control fields [1] Group 2: Technology Applications - In the humanoid robotics sector, the company's intelligent servo controllers, magnetic encoder technology, and specialized converters address key issues in motion control, environmental adaptation, and structural design [1] - In the Internet of Things (IoT) sector, the high performance, flexibility, and communication interface advantages of the RISC-V architecture MCU support low power consumption and efficient data processing needs, suitable for smart sensing and industrial control applications [1]

9月15日，北京君正集成电路股份有限公司（简称"北京君正"）向港交所递交了IPO申请。 作为一家无晶圆厂（fabless）模式的芯片公司，北京君正集成专注于"计算+存储+模拟"三大核心领域，产品覆盖汽车电子、工业医疗、AIoT（人工智能物 联网）和智能安防等高增长市场。 京君正的核心战略构建在"计算+存储+模拟"芯片的全方位产品组合，这三者协同工作，构成了几乎所有现代智能设备的基石。 - 计算芯片（设备的大脑）：这是执行指令和处理数据的核心。 北京君正创始人刘强生于1969年，北京人。1988年考入清华大学，并在中国科学院计算技术研究所工学博士学位。 上世纪末，国内计算机整机企业因缺乏核心芯片自主技术，多数局限于低附加值的加工组装环节。为突破这一技术瓶颈，科研院所和企业聚焦芯片自主研 发。 1999年，刘强加入倪光南院士推动的国产首个CPU研发项目"方舟"。两年后，该团队成功研制国内首颗可商用嵌入式CPU——方舟一号，填补了国内嵌入 式CPU领域的技术空白。 此后，因方舟芯片生态体系尚未成熟，且刘强与当时方舟科技董事长在芯片技术路线与发展方向上存在分歧，2005年，刘强带领方舟科技核心研发团队创 业，北京君正 ...

Group 1 - The rapid development of AI chip industry in China is highlighted, with a leading position in edge and endpoint application scenarios, indicating significant market potential [1] - The integration of terminal product applications, software, algorithms, and chips is essential for advancing China's AI chip development [1] - The commercialization of AI applications is expected to create new demands across hardware and software, particularly for a self-controlled industrial chain [1] Group 2 - There is a recognized gap between domestic and international AI chip manufacturing processes and equipment, but there is potential for domestic chips to catch up through system architecture optimization and algorithm innovation [2] - Recommendations for government support include establishing special industrial funds and subsidies for large models using domestic chips, as well as encouraging state-owned enterprises to adopt domestic chips [2] - The establishment of the Jiangsu RISC-V Industrial Alliance, with over 50 participating organizations, aims to enhance collaboration between industry, academia, and research to drive technological innovation and accelerate results [2]

Industry News - The Ministry of Commerce announced an anti-dumping investigation against imported simulation chips from the United States, with evidence showing a price decline of over 300% during the investigation period [4][5] - The Ministry of Commerce also initiated a discrimination investigation regarding U.S. measures in the integrated circuit sector, citing a series of prohibitive actions that harm China's high-tech industry development [3][5] - The Central Bank reported that the total social financing increased by 26.56 trillion yuan in the first eight months of 2025, which is 4.66 trillion yuan more than the same period last year [3] - The M2 balance reached 331.98 trillion yuan at the end of August, reflecting a year-on-year growth of 8.8% [3] - The automotive industry aims for a sales target of approximately 32.3 million units in 2025, with a growth rate of about 3% [7] Company News - The China Securities Regulatory Commission is investigating Oriental Tong for serious financial fraud, with a proposed fine of 229 million yuan and a potential delisting due to significant violations [7] - Huibo Yuntong announced that its affiliate intends to acquire 22.0875% of Baode Computing's shares to gain control [9] - Zijin Mining's lithium subsidiary has launched a new project in Argentina, aiming for an annual production of 20,000 tons of lithium carbonate [10]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price not specified [6][18]. Core Insights - The company achieved a revenue of 503 million yuan in the first half of 2025, representing a year-on-year increase of 37.72%. The net profit attributable to the parent company was 101 million yuan, up 274.58% year-on-year, with a non-recurring net profit of 93 million yuan, increasing by 257.53% year-on-year [1]. - The growth in revenue and net profit is driven by increased customer demand, new customer acquisition, and the launch of new products, particularly in the multi-mode and audio product lines, which have seen significant sales growth [1][3]. - The company has established a comprehensive advantage in the low-power wireless IoT chip sector, achieving global advanced levels in key performance indicators such as multi-protocol support and system power consumption [2]. - The company is actively expanding its overseas business, with a notable increase in revenue from international markets [3]. Financial Performance - The company has adjusted its revenue and profit forecasts for 2025-2027, with expected revenues of 11.38 billion yuan, 14.75 billion yuan, and 19.29 billion yuan, respectively. The net profit attributable to the parent company is projected to be 2.06 billion yuan, 3.08 billion yuan, and 4.28 billion yuan for the same period [4]. - The company reported a gross margin of 43.50% in 2023, expected to increase to 54.88% by 2027, indicating improved profitability [13]. Product Development and Market Position - The company has accelerated the launch of new products, including Bluetooth 6.1 standard chips and WiFi-6 multi-mode chips, which have entered mass production [3][4]. - The company is a key player in the development of the Matter standard for low-power IoT wireless protocols and has established itself among leading global chip suppliers [2]. - The company has a strong customer base, with products integrated into the supply chains of major global brands such as Google, Sony, Xiaomi, and Logitech, creating competitive advantages and barriers to entry [2].

Core Insights - The recent China RISC-V Summit attracted significant attention as one of the three major RISC-V summits globally and the largest in China, focusing on the theme of "openness, collaboration, and implementation" with thousands of representatives from government, industry, and academia participating in discussions over two days [1] Company Summaries - **Alibaba's Damo Academy**: Established in 2018, focuses on RISC-V processor IP development, with over 4 billion units shipped. Key product includes the XuanTie C930 server chip, featuring a 12nm process, 3.4GHz frequency, and 15.2/GHz SPECint2006 performance. It is the first domestically produced server-level RISC-V processor, supporting RVA23 Profile standards and achieving 96.8% execution efficiency in GEMM calculations [2] - **Zhihe Computing**: Focuses on developing high-performance, scalable "Unified Push" CPU chips based on RISC-V architecture, aiming to meet practical application needs with innovative computing infrastructure for various scenarios, including general AI [3][4] - **SuanNeng Technology**: Founded in 2018, specializes in high-performance RISC-V processors for data centers and edge computing. Its SG2044 chip features a 64-core RISC-V architecture with a 2.6GHz frequency and an AI inference efficiency of 12 TOPS/W, surpassing ARM Neoverse N1 in SPEC CPU2017 tests [5] - **Espressif Technology**: A leading IoT communication chip manufacturer established in 2008, with over 90% of revenue from RISC-V products. Its ESP32-C5 chip supports dual-band Wi-Fi 6 and has shipped over 1 billion units, with a 68% share in smart home orders [6] - **Sifang Technology**: Established in 2018, a leader in China's RISC-V software and hardware ecosystem, with over 1 billion yuan in financing. It has developed various IP cores and development boards, enhancing AI computing efficiency by 25-30% [9][10] - **Chipone Technology**: Founded in 2017, focuses on RISC-V processor IP for automotive electronics and industrial control. Its NA900 series IP cores are certified for ISO 26262 and support advanced control systems [11] - **GigaDevice**: Established in 2005, a leading NOR Flash manufacturer and RISC-V MCU leader. Its GD32V series holds a 32% market share, with a 30% improvement in energy efficiency [12] - **Zhongke Haoxin**: Founded in 2018, focuses on industrial control DSP chips, with its Haawking-HX2000 series supporting advanced motor control applications [14] - **Chipright**: Established in 2001, a leading semiconductor IP supplier with RISC-V IP covering over 20 fields. It has delivered over 20 RISC-V projects, enhancing verification efficiency by 40% [15] - **Guoxin Technology**: A leader in domestic CPU technology, focusing on network security and cloud computing with its CCP917T cloud security chip [17] - **Yiswei Computing**: Founded in 2020, focuses on intelligent terminals and customized RISC-V solutions, with projected revenue of 2.025 billion yuan in 2024 [19] - **Ruisi Xinke**: Established in 2019, specializes in RISC-V open architecture chip design, targeting high-performance applications in cloud computing and 5G/6G networks [20] - **Jian Dishi Space**: Founded in November 2021, focuses on next-generation RISC-V architecture high-performance CPUs, providing optimized computing solutions [21] - **Canaan Technology**: Established in 2013, a leader in blockchain computing chips, expanding into the RISC-V AIoT field with competitive edge in edge AI computing solutions [24] - **Allwinner Technology**: Founded in 2007, a leading smart application processor SoC company in China, rapidly developing RISC-V product lines in collaboration with Alibaba [25]

不仅是公司季度预测令市场有些失望，该公司还计划将部分利润投资于制造自己的芯片和其他组件，受 该消息影响，Arm的股价在周三盘后交易中一度大幅下跌逾8%。 Arm首席执行官Rene Haas在接受媒体采访时表示，这些自研的成品芯片将是公司现有计算子系统 （CSS）产品的"物理体现"。他强调，公司正有意识地加大投入，目标已超越单纯的设计范畴，将直接 构建包括芯片乃至可能的解决方案在内的产品。 据悉，为支撑这一战略转型所需的人才储备，Arm目前正积极开展员工招募工作，其中包括吸纳来自其 客户的专业人才。这一举措也意味着，Arm将在芯片订单领域与部分现有客户形成竞争关系。 7月31日，全球芯片架构巨头Arm发布的第一财季财报显示，当期营收10.5亿美元，略低于市场预期的 10.6亿美元；净利润1.3亿美元，低于去年同期的2.23亿美元；调整后每股收益35美分，与预期持平。 同时，公司给出业绩指引。对于第二财季，Arm预计第二财季营收将在10.1亿美元至11.1亿美元之间， 符合市场预期的10.6亿美元。公司同时预测调整后每股收益在29美分至37美分之间，中值低于市场平均 预期的36美分。 半导体业内人士认为，Arm计 ...