Foxconn Industrial Internet (601138.SS): Hon Hai Cloud strong growth in Aug reflects AI servers strong ramp up; TP up to Rmb68.3; Buy 6 September 2025 | 12:14AM HKT c45a43530f604d12bcb9a82b5aa6b9f6 Hon Hai reported Aug revenues with Cloud (mainly AI servers, supplied by FII) revenues delivered strongest MoM and YoY across the four business segments, reflecting FII's strong ramp up in rack-level AI servers. We remain positive on FII's leading market position in AI servers, and expect it to enjoy further mark ...

PCB 行业头部厂商如胜宏、鹏鼎、景旺正加大布局，显著扩产以应对 AI 驱动下多层板和 HDI 板需求的快速增长，尤其 AI 相关 PCB 层数普遍超 过 20 层，高级多层板甚至达上百层。 PCB 多层化趋势对曝光设备精度提出更高要求，尤其 HDI 产品盲孔孔径 缩小，对位精度提升。直写光刻技术成为主流，其生产效率较传统掩模 板高 3-4 倍，精度可达 5 微米线宽。 全球直写光刻设备市场规模庞大，2024 年达 110 多亿美元，其中 PCB 曝光设备市场规模约为 4.6 亿美元。AI 趋势推动 PCB 曝光工艺技术要求 提高，未来该领域有望快速发展。 PCB 曝光设备市场格局集中，前五大供应商合计份额超 55%，新微装以 15%的市场份额位居全球龙头，同时大族激光、天准科技等国内企业也 积极参与市场竞争。 新微装覆盖 PCB 及泛半导体领域，提供从几十微米到纳米级别的高精度 设备，在高阶线路生产中具备显著优势，其设备均价提升，高端 HDI 设 备可满足最小 4 微米线宽需求。 PCB 设备：AI 驱动曝光设备高端化，龙头深度受益 20250907 摘要 曝光设备在 PCB 制造中起到关键作用，主要用于线 ...

摘要显示，本发明公开了一种液晶显示屏生产用边缘裁切装置，涉及液晶显示屏生产用边缘裁切装置技 术领域，该液晶显示屏生产用边缘裁切装置，包括工作台，该液晶显示屏生产用边缘裁切装置，在液压 机启动时，液压杆带着液压板和支撑杆下移，随着支撑杆下移，连接板同时向下移动下压住物料，右侧 防护罩盖住切割区域，防止在加工过程中碎屑飞溅划伤工作人员；在防护罩盖住切割区域时，在刀头切 割处产生大块玻璃碎屑飞溅时，飞溅的大块碎块砸到挤压板时，挤压板受力带着两组连接杆和两组L杆 滑动相互远离，保护套不再接触挤压板，使保护套不受支撑而向下运动，盖住刀头，防止大颗粒的玻璃 碎块反弹到刀头上，造成刀头划伤，影响后续的使用。 经济观察网天眼查APP显示，近日，深圳同兴达（002845）科技股份有限公司申请的"一种液晶显示屏 生产用边缘裁切装置"专利公布。 ...

4 September 2025 | 10:37PM HKT Foxconn Industrial Internet (601138.SS): Asia Leaders Conference 2025: Chairman visit: AI servers ramp up with market share gain We hosted FII Chairman on Sep 4 at our Asia Leaders Conference 2025. Management remains positive on its leading market position in AI servers on the back of strong R&D, automated production, comprehensive offerings (GPU module/baseboard/compute board, AI servers, switch, rack, liquid cooling), strong bargaining power and inventory management, and glo ...

Group 1 - The company has achieved mass supply of 400G optical modules [1] - The company is actively developing arbitrary-layer HDI boards and 800G optical modules for high-speed communication and smart hardware applications [1] - The company aims to accelerate the import of bulk orders in high value-added areas [1]

eGain (EGAN) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +28.57%. A quarter ago, it was expected that this maker of customer engagement software would post earnings of $0.01 per share when it actually produced earnings of $0.03, delivering a surprise of +200%.Over the last four qu ...

在产融合作方面，《方案》提出，构建与产业创新相适应的金融服务体系。发挥好国家集成电路产业投 资基金、制造业转型升级基金、国家中小企业发展基金等产业基金引导作用，国家产融合作平台助企融 资纽带作用，实施"科技产业金融一体化"专项，指导耐心智慧资本投早、投小、投长期、投硬科技。鼓 励企业合理兼并重组、转型升级等，促进"募投管退"良性循环。 （上接1版） 科技创新与产业融合的深度，决定着稳增长的可持续性。《方案》明确加力推进电子信息制造业大规模 设备更新，通过重大项目撬动产业高端化、智能化、绿色化转型。具体来看，将编制完善产业链图谱， 有序布局先进计算、新型显示、服务器等重点领域重大项目，同时聚焦垂直行业场景推动算力向生产力 转化，打造跨平台计算框架核心生态，提升多体系芯片、多类型软件的兼容适配能力，强化产业生态主 导权。 从产业基础看，电子信息制造业已成为工业增长的重要引擎。工业和信息化部数据显示，今年上半年规 模以上电子信息制造业增加值同比增长11.1%，分别高于工业、高技术制造业4.7个和1.6个百分点，6月 单月增速达11%，延续强劲增长态势。 ...

Core Viewpoint - The article discusses the "Action Plan for Steady Growth in the Electronic Information Manufacturing Industry (2025-2026)" issued by the Ministry of Industry and Information Technology and the State Administration for Market Regulation, outlining 16 specific measures to promote industry upgrades and innovation, aiming for an average growth rate of around 7% in the manufacturing value added of major electronic sectors and over 5% in overall revenue growth by 2026 [2][3][4]. Group 1: Industry Growth Targets - The plan sets a target for the average growth rate of the manufacturing value added in the computer, communication, and other electronic equipment sectors to be around 7% from 2025 to 2026 [2] - It aims for the electronic information manufacturing industry to achieve an annual revenue growth rate of over 5%, including sectors like lithium batteries and photovoltaics [2] - By 2026, it is expected that five provinces will have electronic information manufacturing revenues exceeding 1 trillion yuan, and the server industry will exceed 400 billion yuan [2] Group 2: Key Areas of Focus - The plan emphasizes enhancing the supply level of electronic products by focusing on key areas and industry applications, promoting the integration of technology and industry innovation [3] - It encourages the development of new products such as high-performance lightweight extended reality (XR) devices and smart home products, while also pushing for the upgrade of existing devices like smartphones and personal computers [3][4] - There is a strong emphasis on advancing the capabilities of new-generation equipment and addressing key technological challenges in 5G/6G components and chips [3][4] Group 3: Infrastructure and Project Development - The plan calls for significant updates to large-scale equipment and the initiation of major projects to drive high-end, intelligent, and green development in the industry [4] - It aims to create a comprehensive industrial chain map and promote the layout of major projects in advanced computing, new displays, and smart hardware [4] - The plan also highlights the importance of enhancing the compatibility of chips, modules, and systems to improve the overall industrial ecosystem [4] Group 4: Regional Development and Industry Standards - The plan advocates for differentiated and characteristic development based on regional strategies, aiming to create internationally leading electronic information industry bases and clusters [5] - It addresses the need to eliminate "involution" competition in sectors like photovoltaics, promoting high-quality development and establishing industry self-regulation mechanisms [5][6] - The plan emphasizes the importance of implementing quality management for photovoltaic and lithium battery products, as well as enhancing safety standards for energy storage batteries [5][6] Group 5: Technological Innovation and Support - The plan supports continuous innovation in key areas such as integrated circuits, advanced computing, and new industrial control systems through national key research and development programs [6] - It aims to enhance the design of smart products for aging populations and improve the supply of quality terminal products in smart health and elderly care [6] - The plan also promotes the development of industries like automotive electronics and medical electronics, facilitating digital transformation and intelligent upgrades [6]

PRESS RELEASE 04/09/2025 Security and DefenseLACROIX leverages its industrial and technological expertise in support of French and European sovereignty The intensification of global geopolitical tensions is leading to a major and rapid re-prioritization of defense sector priorities in France and across Europe.The Readiness 2030 Plan (ReArm Europe) provides for the mobilization of €800 billion by 2030, raising defense spending to 3% of the European Union’s GDP. The SAFE Program (Security for Action for ...

Summary of Kimball Electronics (KE) 2025 Conference Call Company Overview - **Company Name**: Kimball Electronics (KE) - **Industry**: Global electronics manufacturing and contract manufacturing - **Headquarters**: Jasper, Indiana - **Fiscal Year 2025 Revenue**: Approximately $5 billion - **Employees**: 5,700 worldwide - **Public Trading**: NASDAQ traded, publicly listed for 11 years as a spinout of Kimball International [5][2] Core Business and Strategy - **Business Focus**: Kimball Electronics operates in three distinct verticals: automotive, medical, and industrial, avoiding non-commodity products like computers and consumer electronics [3][4] - **Customer Relationships**: Over 70% of customers have been with the company for more than ten years, enhancing business stability [4] - **Competitive Advantages**: Strong balance sheet with $374 million in liquidity, global consistency through a single SAP system, and Lean Six Sigma practices across facilities [7][8][9] Market Position and Growth Opportunities - **Market Ranking**: Ranked sixth in automotive, seventh in medical, and twenty-second in industrial sectors [19] - **Megatrends**: Focus on the electronification of vehicles and the growing demand for medical devices due to an aging population and better healthcare access [21][23] - **New Product Introduction (NPI)**: Provides end-to-end solutions from design to aftermarket support, positioning as a contract manufacturing partner [13][14] Financial Performance - **Fiscal Year 2025 Highlights**: - Cash generated from operating activities reached nearly $185 million, a record for the company [29] - Revenue growth of 35% in FY 2023 followed by declines in the subsequent two years [31] - Inventory reduced by nearly 20% year-over-year [29] - **Guidance for Fiscal Year 2026**: - Expected net sales between $1.35 billion and $1.45 billion, a decrease of approximately 5% compared to FY 2025 [35] - Adjusted operating income margin expected to remain in line with the prior year [35] Capital Allocation and Investments - **Capital Expenditures**: Planned investments of $50 to $60 million primarily for a new facility in Indianapolis focused on the CMO and medical space [36][41] - **Share Repurchase Strategy**: Active in repurchasing shares to support share price and lower EPS [16] Challenges and Risk Management - **Loss of Programs**: Experienced a loss of two significant programs worth $200 million due to external factors, impacting revenue [30][31] - **Employee Reduction**: Reduced global workforce by 2,000 employees in response to softening demand [32] Future Outlook - **Strategic Focus**: Emphasis on expanding the medical CMO segment, leveraging existing customer relationships, and enhancing manufacturing capabilities [48][49] - **Market Positioning**: Aiming to differentiate from traditional EMS players by focusing on the CMO market, which presents significant growth opportunities [48][49] Additional Insights - **Global Footprint**: Facilities located in North America, Asia, and Europe, with a focus on maintaining high standards of regulatory compliance [10][15] - **Innovation in Automotive**: Significant involvement in steering technologies, including steer-by-wire and advanced driver-assistance systems [25][27] This summary encapsulates the key points discussed during the Kimball Electronics conference call, highlighting the company's strategic direction, financial performance, and market positioning.