Core Viewpoint - The Chinese chip company Jintieshikong has completed a new round of financing exceeding 600 million RMB to accelerate the commercialization of RISC-V chips [1] Group 1: Financing Details - The B-round financing includes investments from Huaxia Hengtian Capital Management, Beijing Artificial Intelligence Industry Investment Fund, Agricultural Bank of China, Lenovo, and Brizan Ventures [1] - The funds will be used to expand the engineering and R&D team and invest in the supply chain globally [1] Group 2: Government and Industry Context - The Chinese government aims to enhance technological self-reliance in response to risks posed by the U.S. in the chip technology sector [1] - In the second half of last year, the government released plans to accelerate the development of the RISC-V industry, which is an open-source code model for communication between software and semiconductors [1] - U.S. lawmakers urged the Biden administration in 2023 to impose export controls on RISC-V technology to China [1] Group 3: RISC-V Technology and Applications - RISC-V chips are customizable, cost-effective, and suitable for a wide range of applications from small smart devices to high-performance servers [1] - Current industry participants include Alibaba Damo Academy, Chipway Technology, and Chipone Microelectronics [1] - Jintieshikong's first-generation RISC-V AI computing chip, K1, has achieved mass production with over 150,000 units shipped, applied in industrial systems, robotics, and edge computing [1]

Core Insights - The 2025 RISC-V Industry Development Conference and RDSA International Forum was held in Zhuhai, Guangdong, focusing on building standards and ecological interconnectivity in the open-source chip sector [2][3] - RISC-V, an open-source instruction set architecture, is seen as a potential leader in the global chip industry transformation due to its simplicity, openness, low power consumption, modularity, and scalability [2][6] - The conference attracted nearly 1,000 participants from various countries, showcasing the high interest and confidence in the RISC-V sector [3][4] Industry Developments - A strategic cooperation agreement was signed between the China Electronics Standardization Association and the Brazilian Semiconductor Industry Association to enhance global open-source ecological connectivity [4] - The RISC-V standard system was released, laying a crucial foundation for the transition from diverse technologies to large-scale industrial implementation [4] - Five major innovation hubs in China, including Beijing and Zhuhai, signed agreements to promote RISC-V technology applications in smart connected vehicles, data centers, and artificial intelligence [4][9] Market Potential - RISC-V's market penetration is projected to rise from 2.5% in 2021 to 33.7% by 2031, indicating a significant growth trajectory across various industry sectors [6] - The strategic significance of RISC-V for China's technological independence in AI chips and high-performance processors was emphasized by government officials [6][9] Regional Focus - Zhuhai is positioning itself as a key player in the RISC-V ecosystem, having established supportive policies and opened over 20 high-value application scenarios for RISC-V technology [8][9] - The city aims to create a national-level RISC-V ecological innovation center, leveraging its existing semiconductor industry and international connections [9][10] - The collaboration between Zhuhai and Macau is seen as a model for promoting the open-source chip industry in the Guangdong-Hong Kong-Macau Greater Bay Area [5][10]

Core Insights - The 2025 RISC-V Industry Development Conference and RDSA International Forum was held in Zhuhai, Guangdong, focusing on building standards and ecological interconnectivity in the open-source chip sector [1][3] - RISC-V, an open-source instruction set architecture, is seen as a key player in the next generation of chip technology, with potential to lead global industry transformation [1][8] - The event attracted nearly 1,000 participants from various countries, showcasing the high interest and momentum in the RISC-V field [3] Industry Developments - The conference resulted in significant outcomes, including a strategic cooperation agreement between the China Electronics Standardization Association and the Brazilian Semiconductor Industry Association, aimed at enhancing global open-source ecosystem connectivity [3] - A RISC-V standard system was released to facilitate the transition from diverse technologies to large-scale industrial applications [3][10] - Five major innovation hubs in China, including Beijing and Zhuhai, signed agreements to promote RISC-V technology applications in smart vehicles, data centers, and AI [4] Ecosystem and Collaboration - The RISC-V ecosystem exhibition featured nearly 50 leading companies and institutions, highlighting the vitality of China's RISC-V industry across various critical segments [6] - The dual-city model of the conference, with forums in both Zhuhai and Macau, exemplifies collaborative efforts in the Guangdong-Hong Kong-Macau Greater Bay Area to advance the open-source chip industry [7] - The establishment of the Guangdong-Hong Kong-Macau Greater Bay Area RISC-V Open Source Ecological Development Center aims to foster research and resource sharing between Zhuhai and Macau [7][16] Market Potential - RISC-V's market penetration is projected to rise from 2.5% in 2021 to 33.7% by 2031, indicating a significant growth trajectory across various industries [10] - The Ministry of Industry and Information Technology emphasized RISC-V's strategic importance for China's technological independence in AI and high-performance processors [10][11] - Industry experts expressed optimism about Zhuhai's potential to become a leading city for RISC-V applications, supported by a strong industrial foundation and proactive urban development initiatives [12][16]

Core Insights - The RISC-V open-source chip industry in Suzhou has gained a significant partner with the signing of a cooperation agreement between the RISC-V Open Chip Industry Innovation Center and Alibaba's Damo Academy, aimed at enhancing the RISC-V ecosystem [1][2] - The collaboration will focus on joint technology research and development, market expansion, and nurturing the industrial ecosystem, with the goal of creating a nationwide influential RISC-V innovation hub [1] Group 1 - The RISC-V Open Chip Industry Innovation Center was established in May this year, focusing on "RISC-V + AI" and "RISC-V + Security" as its main themes [1] - The center collaborates with universities, research institutions, and companies across the industry chain to develop a series of RISC-V architecture CPUs and NPUs, resulting in dozens of benchmark products [1] - Damo Academy, as a core research institution under Alibaba Group, plays a pivotal role in advancing the RISC-V industry, with its XuanTie series RISC-V processors forming a comprehensive product matrix and open-source ecosystem [1] Group 2 - The unveiling of the RISC-V Open Chip Industry Innovation Center · XuanTie RISC-V CPU Application Research Institute aims to integrate the flexible architecture of Damo Academy's XuanTie RISC-V CPU with core technologies in AI inference acceleration and trusted computing [2] - The research institute will develop customized high-performance development platforms based on XuanTie RISC-V CPUs, providing mature R&D design and mass production services for chip companies [2] - This initiative is expected to accelerate the large-scale implementation of RISC-V technology in key industries [2]

Core Viewpoint - The acquisition of Chiplet Technology by Chip Origin will enhance its RISC-V CPU IP capabilities, improve business synergy, and strengthen its market competitiveness in AI ASIC design [1][4]. Group 1: Acquisition Details - Chip Origin plans to acquire 97.0070% of Chiplet Technology through a combination of share issuance and cash payment, with the share price set at 106.66 CNY per share, reflecting a significant premium over previous pricing [2][4]. - The funds raised will be used for transaction costs, intermediary fees, and to supplement working capital for both Chip Origin and Chiplet Technology [2]. Group 2: Company Background - Chip Origin is recognized as a leading AI ASIC company and has been involved in the RISC-V industry for over seven years, contributing to the establishment of the China RISC-V Industry Alliance [5][6]. - Chiplet Technology, founded in 2018, specializes in RISC-V IP design and has developed over 70 IP products, with a high gross margin exceeding 90% for its RISC-V IP licensing services [3][5]. Group 3: Market Potential - The global RISC-V market is projected to reach 92.7 billion USD by 2030, with a compound annual growth rate of 47.4%, indicating significant growth opportunities in various applications [7]. - The acquisition will allow Chip Origin to create a comprehensive heterogeneous computing IP platform, enhancing its competitive edge and expanding its business development space [7][8]. Group 4: Strategic Implications - The integration of Chiplet Technology's RISC-V IP will enable Chip Origin to offer more differentiated and competitive chip solutions for AI ASIC applications [8]. - The transaction is expected to accelerate the large-scale implementation of RISC-V technology in China, fostering the development of an open RISC-V hardware platform and software ecosystem [8].

Company Summary - Company plans to acquire full or controlling stake in Chipwise Semiconductor Technology (Shanghai) Co., Ltd. through a combination of share issuance and cash payment [1] - Currently holds 2.99% stake in Chipwise and has signed a preliminary equity acquisition intention agreement with major shareholders [1] - Stock trading will be suspended starting August 29, with an expected duration of no more than 10 trading days [1] - As of August 28, the company's stock price was 153 CNY per share, with a total market capitalization of 80.4 billion CNY [1] Industry Summary - RISC-V is a key business direction for the company, characterized as an open-source instruction set architecture widely used in various fields including AI, automotive electronics, and IoT [3] - The company has a comprehensive RISC-V core IP portfolio, actively participating in the RISC-V ecosystem and has established the China RISC-V Industry Alliance [3] - Recent half-year report highlights the company's efforts in expanding the RISC-V market, with collaborations with leading RISC-V companies and providing customized chip services [3] - Global shipments of RISC-V based chips are projected to exceed 10 billion units in 2024, with China contributing over 50% [4] - By 2031, RISC-V enabled SoC shipments are expected to surpass 20 billion units, achieving a market penetration rate of over 25% [4]

Core Viewpoint - The automotive-grade RISC-V MCU and SoC chips are designed to meet strict AEC-Q100 and ISO 26262 safety standards, ensuring high reliability and real-time performance. The open architecture of RISC-V allows for customized development, optimizing performance-to-power ratios while reducing design costs and licensing fees. These chips provide strong computing power, flexible scalability, and efficient signal processing, supporting high-speed execution of complex tasks [1][2]. Market Overview - The global automotive-grade RISC-V MCU market is projected to reach $1,107.25 million by 2031, with a compound annual growth rate (CAGR) of 22.9% over the next six years [2]. - The market share of automotive-grade RISC-V MCUs is expected to grow from 59% in 2020 to 60% by 2031, indicating a strong presence in the automotive electronics sector [7]. Competitive Landscape - Major manufacturers in the automotive-grade RISC-V MCU market include Renesas Electronics, Microchip Technology, and several Chinese companies such as Chipone Technology and Nanjing Zijing Semiconductor, with the top five companies holding approximately 97.73% of the market share [6][8]. - The competition is intensifying between domestic Chinese manufacturers and international giants like Renesas Electronics, driving the localization process and cost optimization [1]. Application Segmentation - Body control is the largest downstream market for automotive-grade RISC-V MCUs, accounting for approximately 33.8% of the total market share. This segment is expected to grow significantly from $40 million in 2020 to $361 million by 2030 [11]. - In 2024, the distribution of automotive-grade RISC-V MCUs across different applications is projected to be: body control (33.8%), chassis control (28.5%), power systems (23.5%), and other fields (14.2%) [11]. Regional Insights - The market for automotive-grade RISC-V MCUs is experiencing growth across all regions, with North America leading, followed by Europe and Asia. The Middle East, Africa, and South America are also showing gradual increases in market share [15].

Core Insights - The fifth RISC-V China Summit was held in Shanghai, attracting numerous industry leaders and experts to discuss the theme of "openness, collaboration, and implementation" over two days [1] - Shanghai's Vice Mayor Chen Jie emphasized the city's significant role in the global RISC-V ecosystem and called for collaboration among domestic and international enterprises and talents to drive RISC-V technology innovation [3] - The Ministry of Industry and Information Technology's representative, Shi Huikang, highlighted three main directions for RISC-V development in China: deepening collaboration, accelerating transformation, and maintaining openness [5][6] Industry Developments - RISC-V has emerged as a crucial driver of global industrial innovation, particularly in the AI-driven era, with its open and flexible architecture [3] - Shanghai has established a complete industrial chain from chip design to application, with initiatives like the China RISC-V Industry Alliance and the Shanghai Open Processor Industry Innovation Center [3][4] - The global shipment of RISC-V-based chips is projected to exceed 10 billion units in 2024, with China contributing over 50% of this volume, particularly in high-value sectors like AI and high-performance computing [6] Future Outlook - Shanghai plans to deepen cooperation with the RISC-V International Foundation to enhance standard systems and software infrastructure, aiming to create a unified open platform for developers [4] - Shi Huikang expressed hopes for collaboration among core industry units to build a prosperous ecosystem, accelerate the application of RISC-V in high-value scenarios, and encourage participation in global RISC-V initiatives [7] - Tenstorrent's CEO Jim Keller announced plans to develop an open ecosystem centered on RISC-V architecture, aiming to lower barriers for developers and students in high-performance computing and AI [11][13] Educational Initiatives - The Shanghai Open Processor Industry Innovation Center is focusing on talent development, with plans to launch a course on RISC-V design and practice across 17 universities, attracting 900 graduate students [10] - The RISC-V Industry Alliance has organized competitions and forums to promote domestic RISC-V chip development and engage students in embedded software development [9]

Core Insights - The RISC-V ecosystem in China is projected to dominate the global market by 2030, with a market size expected to reach $9.27 billion and a compound annual growth rate (CAGR) of 47.4% from SHD Group's forecast [1] - By 2027, RISC-V cores from China are anticipated to account for 50% of global shipments, according to data from the RISC-V Foundation [1] Industry Challenges - The transition to RISC-V faces several challenges, including the existing reliance on ARM architectures, the unclear application scenarios for RISC-V chips, and the shortage of professionals knowledgeable in RISC-V technology [1] - Four critical issues need to be addressed for the RISC-V industry to thrive: the need for competitive RISC-V products and solutions, a more comprehensive software and hardware toolbox, a sufficient talent pool across various levels, and the establishment of benchmark cases to build industry confidence [1] Cost Reduction and New Business Models - RISC-V's open-source nature allows for structural cost reductions and the creation of new business models, such as a Linux+RedHat model in the chip sector, which can support the internet industry [2] - For instance, developing a 64-core server chip with a production volume of 100,000 units incurs a development cost of approximately 750 million RMB, with IP licensing fees and royalties accounting for about 250 million RMB, which is one-third of the total cost. Utilizing an open-source collaborative development model can save companies 250 million RMB in R&D expenses, representing a 33% reduction [2] Future Trends - The proportion of open-source IP in future chips is expected to increase significantly, with predictions indicating a breakthrough to 0% in the near future [3] - RISC-V's customizability enables optimal hardware-software collaboration and agile development, allowing application development teams to quickly tailor chips based on specific use cases [3] - The demand for AI inference capabilities is evolving, and the combination of RISC-V and AI is anticipated to become a new trend, particularly through close collaboration with CPU designs to meet diverse requirements [3]

Core Insights - The RISC-V open-source chip industry innovation center was inaugurated in Suzhou, aiming to enhance the development of RISC-V technology and industry ecosystem [1][3] - Suzhou has established itself as a significant hub for the integrated circuit industry, housing 377 key enterprises across the entire industry chain [3] - The innovation center will focus on three main areas: core technology breakthroughs, industry ecosystem cultivation, and application scenario implementation [3] Industry Overview - Integrated circuits are a strategic and leading industry essential for modern economic and social development [3] - RISC-V, as an open-source instruction set architecture, lowers the design threshold for chips and promotes an open collaborative transformation in the industry [3] Development Goals - The center aims to achieve over 300 authorized customers and over 1,000 RISC-V chip mass production within five years [3] - Suzhou is positioning itself to become the leading RISC-V industry hub in China, with the most comprehensive product series and the widest application scenarios [3] Strategic Collaborations - A series of strategic cooperation agreements were signed during the event, focusing on resource synergy, joint efforts, application scenarios, and ecosystem collaboration [3]