近日，一场RISC-V创新中心产教融合交流会在苏州召开。大家围绕产业发展与人才培养展开深入 思考交流，用"芯速度"探讨"慢功夫"。"芯片的自主可控之路是一场壮丽的技术'长征'，而苏州正努力在 这条路上扮演重要角色。RISC-V这一新赛道，必将发挥关键作用。"一位资深芯片研究人员这样看待苏 州的布局。 在全球集成电路产业格局持续演变的背景下，开源架构RISC-V凭借其开放生态与灵活定制的特 性，正成为新一轮竞争的焦点。今年5月，RISC-V开源芯片产业创新中心（RVIC）在苏州正式启动； 短短三个月后，江苏省RISC-V产业联盟在苏州落户。依托坚实的产业基础和开放创新的产业生态，苏 州正在这一新兴赛道上快速迈进，云安全芯片、可信高算力加速卡、高速接口芯片等一批标杆产品相继 研发成功，展现出苏州在发展RISC-V产业上非同一般的决心与效率。 构建高地，瞄准产值百亿目标 集成电路是名副其实的"工业粮食"。它通过精密的半导体工艺，将数以亿计的晶体管集成在微小的 硅片上，成为驱动一切电子设备智能运转的"大脑"。从掌中的智能手机到庞大的AI服务器，从新能源汽 车到遥远的航天器，这颗"芯"支撑着现代社会的智能化运转。 而R ...

9月26日，理想汽车正式发布新形态五座SUV理想i6。发布会当日，理想汽车还正式官宣易烊千玺为品牌代言人。据了解，理想i6车身长度4.95 米，轴距3米，车内纵向可用空间超3.3米，标配新一代5C磷酸铁锂电池，充电10分钟可续航500公里。 （原标题：理想i6、智能眼镜等新品发布；项目申报高达千万元丨横琴财报?） 【新品实验室】 理想汽车发布新形态五座SUV理想i6 近日，在德国柏林国际电子消费品展览会（IFA）期间，乘木科技自主研发的SyncSmart One智能眼镜荣获"最佳创新金奖"。乘木科技CEO刘会军 表示，此次获奖为公司在柏林迅速带来了多家意向订单，甚至已有当地代理商完成初步签约。"当前欧洲智能眼镜市场仍处于蓝海阶段，迫切需要 能真正落地应用的新产品。SyncSmart One的获奖，为我们后续拓展当地市场奠定了坚实基础。" 据介绍，SyncSmart One智能眼镜实现多项关键突破：超轻薄AI+AR智能眼镜(48g总重/14mm镜腿)，通过精密设计和材料创新，整机克重仅48克 （含标准镜片），搭配14mm极窄镜腿，实现无感佩戴，彻底突破传统智能眼镜的笨重感。基于双目RGB碳化硅光波导显示技术的智 ...

Group 1: Li Auto and LeapFrog Technology - Li Auto officially launched the new five-seat SUV, Li Xiang i6, with a length of 4.95 meters and a wheelbase of 3 meters, featuring a new generation 5C lithium iron phosphate battery that allows for 500 kilometers of range with just 10 minutes of charging [1] - LeapFrog Technology introduced the LeapEMU simulation platform, the world's first enterprise-level simulation platform supporting over 128 cores of RISC-V RVA23, aimed at addressing multi-core verification challenges and improving hardware-software collaboration efficiency [2] - LeapEMU supports the complete RVA23 instruction set and offers parallel simulation capabilities with 32/64/128 cores, significantly enhancing performance compared to mainstream open-source simulators [2] Group 2: Chengmu Technology - Chengmu Technology's SyncSmart One smart glasses won the "Best Innovation Gold Award" at the IFA in Berlin, indicating strong market interest and potential for future orders [4] - The SyncSmart One glasses weigh only 48 grams and feature a dual RGB silicon carbide waveguide display technology, providing vibrant and clear AR visual experiences [4] - Chengmu Technology aims to deepen collaboration with upstream supply chains and downstream application enterprises to establish standards and applications for smart glasses in various vertical industries [5] Group 3: International Collaboration and Events - The "Macau International Performance Season" will be held at the Happy Mahua Theater in Hengqin from October 1-5, showcasing a variety of performances and workshops to enhance local artistic creation [8] - Two "outbound co-construction bases" have been established to promote the international market for products like Siberian ginseng and deer antler from Heilongjiang and Jilin provinces, leveraging the "Macau + Hengqin" model for global health market access [9] - The Hengqin Guangdong-Macao Deep Cooperation Zone is launching a funding initiative for key technology projects, offering up to 10 million yuan to support innovation in fields such as integrated circuits and artificial intelligence [9]

Core Insights - Coherent Corp. (COHR) and Arm Holdings plc (ARM) are both technology companies focused on advanced hardware and innovation, playing crucial roles in modern computing [1][3] - COHR specializes in photonics and optical components, while ARM is known for its semiconductor IP that powers a significant share of smartphones and AI processors [2] Coherent Corp. (COHR) Summary - COHR experienced a remarkable 51% increase in fiscal 2025 revenue, driven by a 61% surge in its data center business, indicating strong demand in high-growth technology sectors [4] - The company is advancing its product offerings with the introduction of 1.6T transceivers and is developing next-generation 3.2T transceivers to meet the needs of hyperscale data centers [5] - COHR has tripled its indium phosphide production capacity year over year and launched the world's first 6-inch indium phosphide production line, enhancing cost efficiency and product volume [6] - The company is also entering the optical circuit switch (OCS) market, which is expected to accelerate growth as demand for higher bandwidth and faster data transmission increases [7] - COHR faces competition in the Silicon Carbide (SiC) market from companies like Wolfspeed and ON Semiconductor, which are pushing technological boundaries [8][10] - The Zacks Consensus Estimate for COHR indicates a 9% growth in sales and a 29% increase in EPS for fiscal 2026 [16] Arm Holdings plc (ARM) Summary - ARM's chip architectures are essential for mobile computing, powering devices from major companies like Apple, Qualcomm, and Samsung, and maintaining a competitive edge through efficiency and performance [11] - The company is becoming increasingly relevant in the AI and IoT sectors, with its architecture supporting the growing demand for embedded AI models [12] - ARM faces challenges in China due to the rising adoption of RISC-V, which could limit its growth in this key market [13] - The potential move into producing its own CPUs presents both opportunities for market expansion and risks of straining relationships with existing customers [14][15] - The Zacks Consensus Estimate for ARM suggests an 18% year-over-year growth in sales, with EPS expected to grow by 3% [19] Valuation and Investment Case - COHR is attractively valued with a forward P/E of 22.26X, while ARM's higher forward P/E of 72.07X reflects investor confidence in its growth potential [23] - COHR is viewed as the stronger investment case due to its execution in data center optics and expansion into Silicon Carbide, while ARM faces risks related to its dependence on China and potential channel conflicts [24] - Current Zacks Ranks indicate COHR as a Hold (3) and ARM as a Sell (4) [25]

公众号记得加星标⭐️，第一时间看推送不会错过。 过去几十年来，英特尔的 x86 架构统治着计算领域，为从最基础的笔记本电脑到最强大的数据中心 设备等各种设备提供动力。然而，一场静悄悄的革命正在幕后悄然发生：Arm。Arm 架构在智能手 机时代真正开始站稳脚跟，如今正在主流计算领域占据重要地位，而这在以前是不可想象的。如此之 多，以至于 x86 的统治地位似乎已成定局。 有很多理由可以相信这一点，而且与几年前相比，现在想想也并非难以想象。苹果公司通过其M系列 Apple Silicon SoC向Arm的重大转变无疑开启了一股潮流，而微软再次推动基于Arm的Windows操 作系统，表明微软再次看到了它的价值。而这两项行业变革仅仅是冰山一角。 Arm 的行业支持很有说服力 Arm 崛起的最明显指标之一是芯片制造商，以及这些芯片的创造者群体在过去十年中如何不断壮 大。在 x86 领域，只有两家主要生产商：英特尔和 AMD。相比之下，Arm 生态系统拥有众多芯片 设计公司。一些科技界巨头正在打造基于 Arm 的高性能处理器：苹果用其自主研发的 M 系列芯片取 代了 Mac 中的英特尔 CPU，高通正在基于 Arm 为 ...

基于RISC-V的"芯片开发神器"来了！2025 年 9 月 19 日，一场聚焦 RISC-V 软件生态发展的行业盛会 ——"RISC-V 软件生态研讨会"在珠海国际会展中心举办。全球首款支持超128核RISC-V RVA23企业级 模拟平台LeapEMU正式亮相，LeapEMU生态计划也同步启动，助力RISC-V迈向高端应用的新纪元。 研讨会上，作为行业深耕者，横琴粤澳深度合作区科技企业跃昉科技创始人兼 CEO 江朝晖深刻剖析当 前 RISC-V 软件生态面临的开发周期长、多核验证难等共性挑战，并正式推出跃昉科技的企业级解决方 案——LeapEMU模拟平台。她强调，该平台可大幅缩短软硬件协同开发时间，实现"等待时间"向"开发 时间"的转化，助力RISC-V从"可用"走向"好用"，真正迈向高端应用的新纪元。 珠海市委副书记、市长吴泽桐出席了研讨会并致辞。吴泽桐表示，当前，珠海正瞄准人工智能等新赛 道，深入推进产业创新、科技创新、应用场景创新"三新"融合，加快建设"云上智城"。接下来，珠海将 进一步深化与人工智能领域行业组织的合作，加强核心技术攻关，依托琴澳国际化优势，构建开放、协 作、共享的生态系统，努力成为 ...

Group 1: Acquisition and Financial Details - Chipone Technology plans to acquire 97.0070% equity of Chiplet Technology through a combination of issuing shares and cash payment, with the stock resuming trading on September 12 [1] - The proposed issuance price is set at 106.66 yuan per share, which is 81.11% of the average stock price over the last 20 trading days and 69.71% of the closing price before the suspension [1] - The acquisition price is significantly higher than the previous fundraising price of 72.68 yuan per share in June and slightly above the transfer price of 105.21 yuan per share in August, indicating confidence in the long-term value of Chipone Technology [1] Group 2: Order and Revenue Growth - As of the end of Q2 2025, Chipone Technology has a backlog of orders amounting to 3.025 billion yuan, maintaining a high level for seven consecutive quarters [2] - New orders signed from July 1 to September 11, 2025, reached 1.205 billion yuan, representing a substantial increase of 85.88% compared to the same period last year, with AI computing-related orders accounting for approximately 64% [2] Group 3: Chiplet Technology Overview - Chiplet Technology, established in 2018, is a leading provider of RISC-V CPU IP in China, with a workforce of 111 employees, 75.68% of whom are in R&D [3] - The company has developed over 70 IP products, including more than 20 RISC-V IPs, and has authorized over 300 global clients, making it one of the largest RISC-V IP suppliers in China [3] - Chiplet Technology achieved ISO26262 ASIL-D certification for automotive functional safety in July 2023, and its RISC-V IP business revenue ranks among the top in China [3] Group 4: Chipone Technology's Market Position - Chipone Technology is recognized as a leader in the AI ASIC sector, leveraging its extensive IP and chip customization capabilities to provide comprehensive chip design services [4] - In the first half of 2025, AI computing-related revenue accounted for approximately 52% of the company's chip design business [4] Group 5: RISC-V Industry Development - Chipone Technology has been actively involved in the RISC-V industry for over seven years, founding the China RISC-V Industry Alliance in 2018, which now has 204 member units [5] - The company has organized multiple RISC-V industry forums, promoting over 40 domestic RISC-V chip products [5] Group 6: Future Prospects and Strategic Goals - The acquisition of Chiplet Technology will enhance Chipone Technology's capabilities in RISC-V, allowing for a more comprehensive heterogeneous computing IP platform [7] - The integration of Chiplet Technology's RISC-V IP will enable Chipone Technology to offer differentiated and competitive chip solutions for AI ASIC applications [7] - The transaction is expected to boost Chipone Technology's total assets and revenue, enhancing its market competitiveness and industry influence [8]

Investment Rating - The report does not explicitly state an investment rating for the industry or specific companies involved in the RISC-V ecosystem Core Insights - The RISC-V ecosystem is rapidly advancing in AI computing, with companies like ESWIN, Andes Technology, and Nuclei showcasing their strategies and commercialization progress [10] - The "scenario-first" approach of RISC-V emphasizes vertical industry applications rather than direct competition with existing CPU/GPU architectures [11] - RVV (RISC-V Vector) is emerging as a crucial link between general-purpose CPUs and dedicated NPUs, enhancing flexibility and scalability in AI applications [12] - Software-hardware co-design is addressing the ecosystem gaps for RISC-V, facilitating easier development and deployment of AI solutions [13] - RISC-V's path to higher-tier AI computing is becoming clearer, with significant medium- to long-term potential as the ecosystem matures [15] Summary by Sections Event Overview - On September 17, RISC-V ecosystem companies presented their AI computing strategies, highlighting advancements in product development and industry applications [10] RISC-V Strategy - ESWIN's roadmap focuses on integrating RISC-V with domain-specific compute and AI, targeting specific industry needs such as video processing and graphics acceleration [11] RVV's Role - RVV is positioned as a bridge between general CPUs and NPUs, enabling efficient collaboration among application processors, vector processors, and NPUs [12] Software-Hardware Integration - The development of comprehensive software stacks and tools is crucial for RISC-V's ecosystem, moving from a phase of having cores without a supporting ecosystem to one that is fully developable and verifiable [13] Challenges Ahead - Key challenges include memory and bandwidth limitations, software portability, and interconnectivity among multiple chips, which need to be addressed for RISC-V to fully realize its potential in AI computing [15]

行业分析师嘉铭说，"对于尚未实现盈利的芯原而言，其也需要在某一个领域做成头部，增强公司的实 力。芯来目前的估值不高，且能够帮芯原在RISC-V领域成为头部，芯来也是芯原理想的收购标的。" 这样看来，芯原收购芯来是一个双赢的选择，9月12日芯原的股票交易恢复首日，芯原股份的股价20%涨 停，可见市场对这一收购的看好。 实际上， 收购芯来并不会在短期内对芯原的业绩产生影响，这笔收购对于芯原有长期的战略意义 ，其积 极的意义在于提升芯原产品组合的实力，不利的影响可能在于，会在一定程度上改变芯原合作伙伴对其的 态度。 芯原旗帜鲜明地支持RISC-V，和Arm的合作关系是否会受到影响？收购芯来，芯原和另外两个重要的 RISC-V IP供应商阿里玄铁以及晶心科技的关系如何平衡？ 无论如何，在资本市场，芯原需要通过实现盈利，以及证明自身有更强的竞争力，才能获得更高的市值。 收购芯来正是芯原谋求一个更高市值的选择，而且芯原可能还会谋求下一个收购。 " 到底是市值故事的延续，还是产业转折点？ " 作者丨 包永刚 编辑丨 林觉民 芯原未来可能会收购一家什么样的公司？更进一步的讨论欢迎添加作者微信 BENSONEIT 。 上月底， ...

停牌两周后，芯原股份披露了并购预案。 9月11日晚间，芯原微电子（上海）股份有限公司（下称"芯原股份"，688521）公告称，公司拟通过发行股 份及支付现金方式向芯来共创、胡振波、芯来合创等31名交易对方购买其合计持有的芯来智融半导体科技（上 海）有限公司（下称"芯来科技"）97.0070%股权，并募集配套资金。 截至目前，本次交易相关的审计、评估工作尚未完成，标的资产拟定交易价格尚未最终确定。本次交易预计 构成重大资产重组，不构成关联交易，不构成重组上市。 经交易各方友好协商，本次发行股份及支付现金购买资产的股份发行价格为106.66元/股，不低于定价基准日 前20个交易日上市公司股票交易均价的80%。 9月12日，公司股票复牌涨停，收盘价为183.6元。 制图：佘诗婕 还未能盈利 目前，上市公司直接持有芯来科技2.9930%股权，本次交易完成后，芯来科技将成为上市公司的全资子公 司。 IPO日报发现，上市公司的股价虽然在年内已经大幅上涨，但是业绩表现并不理想。 2022年—2024年，芯原股份实现的营业收入分别为26.79亿元、23.38亿元、23.22亿元，净利润分别为0.74亿 元、-2.96亿元、- ...