苏州盛科通信股份有限公司 为贯彻落实关于开展科创板上市公司"提质增效重回报"专项行动的倡议，落实以投资 者为本的理念，推动苏州盛科通信股份有限公司（以下简称"盛科通信"或"公司"）持续优 化经营、规范治理和积极回报投资者，大力提高上市公司质量，助力信心提振、资本市场稳 定和经济高质量发展的精神要求，结合公司自身发展战略、经营情况和财务情况，公司制定 了盛科通信 2025 年度"提质增效重回报"行动方案，以进一步提升公司经营管理水平，强化 市场竞争力，提升资本市场参与者的信心，稳定股价，树立良好的资本市场形象。 效情况报告如下： 一、持续加大研发投入，坚持技术创新，引领公司高质量发展 盛科通信为国内领先的以太网交换芯片设计企业，以太网交换芯片是构建企业网络、运 营商网络、数据中心网络和工业网络的核心平台型芯片。经过十余年的技术积累，公司现已 形成丰富的以太网交换芯片产品序列，公司在国内具备先发优势和市场引领地位，产品覆盖 从接入层到核心层的以太网交换产品，为我国数字化网络建设提供了丰富的芯片解决方案。 公司面向国家数字化网络建设需求，以打造更快、更灵活、更安全、更智能的网络为目 标，坚持自主研发。基于规模化市场 ...

24 August 2025 | 1:30PM HKT VeriSilicon (688521.SS) Buy AI ASIC design and production services ramp up with strong order momentum; TP raised to Rmb193; Buy 688521.SS 12m Price Target: Rmb193.00 Price: Rmb149.82 Upside: 28.8% We are constructive on Verisilicon's AI ASIC turnkey solution and IP business ramp up, supported by growing client demand in China, and its private placement funding (Link) to accelerate new products development. Management highlights orders were up 33% YoY (or 23% QoQ) to Rmb3bn by end ...

Core Insights - Silicon photonics is recognized as a disruptive technology that combines the characteristics of integrated circuits with the advantages of photonic technology, such as high speed, low power consumption, and strong anti-interference capabilities [1][5] - The "Zhangjiang Cup Silicon Photonics Innovation and Entrepreneurship Competition" concluded with various projects showcasing advancements in silicon photonics [2][3] Group 1: Competition Overview - The competition featured 19 innovative silicon photonics projects from various enterprises, universities, and research institutions across the country [3] - Shanghai Lankun Microelectronics Technology Co., Ltd. won the first prize in the "Optical Interconnect + Optical Computing" track with its "Micro-ring Photonic Integrated Interconnect Chip" project [3] - In the "Optical Sensing + Open" track, Shanghai Jiao Tong University's project on an integrated optical coherence tomography system won the first prize [3] Group 2: Project Highlights - The winning project in the optical interconnect track focuses on utilizing CMOS technology to enhance bandwidth density and efficiency [4] - The project from the Chinese Academy of Sciences aims to address satellite communication needs through silicon photonics technology [5] - The competition highlighted various application directions for silicon photonics technology, indicating its industrialization potential [5] Group 3: Industry Development - Shanghai is actively promoting the development of the silicon photonics industry through project layout, platform construction, and ecosystem building [5] - The Shanghai Silicon Photonics Future Industry Cluster was officially launched in June, with eight companies signing agreements to establish operations [6] - The competition was organized by a silicon photonics innovation alliance, which includes over 70 leading technology enterprises, universities, and research institutions [6]

Group 1 - The China Securities Regulatory Commission (CSRC) has received applications from 10 fund companies for the first batch of the CSI Sci-Tech Innovation and Entrepreneurship Artificial Intelligence ETF [1] - The fund managers involved include Huatai-PB Fund, E Fund, Huaan Fund, ICBC Credit Suisse Fund, Guolian An Fund, Fortune Fund, Yongying Fund, Taikang Fund, Invesco Great Wall Fund, and China International Capital Corporation Fund [1] - The CSI Sci-Tech Innovation and Entrepreneurship Artificial Intelligence Index selects 50 listed companies from the Sci-Tech Innovation Board and the Growth Enterprise Market that provide foundational resources, technology, and application support for artificial intelligence [2][3] Group 2 - The selection method involves identifying securities that meet investment criteria related to artificial intelligence, including foundational resources, technology, and application fields [3] - The top 10 weighted stocks in the index include Xinyisheng, Zhongji Xuchuang, Cambrian, Lanke Technology, Kingsoft Office, Chipone Technology, Stone Technology, Kunlun Wanwei, Runze Technology, and Hengxuan Technology [4] - As of August 22, Cambrian's market capitalization reached 520.1 billion yuan, increasing by 86.7 billion yuan in a single day, making it the leading semiconductor company and the second stock to exceed 1,000 yuan in the market [4]

Group 1 - Navitas is positioned as a critical link in the supply chain following TSMC's exit from GaN manufacturing, connecting Taiwan's foundry capacity with Nvidia [1] - The company is at a pivotal moment in its evolution, indicating potential growth opportunities in the technology sector [1] Group 2 - The article reflects insights from a retired Wall Street PM with over two decades of experience in the technology landscape, emphasizing the importance of momentum in investment strategies [1]

以下文章来源于画不多说 ，作者懂私募的灵魂画手 话不多说，画多说。用最通俗易懂的方式，讲述私募的故事。 牛市来了，大家总是第一时间去看上证指数有没有创新高。 但其实在牛市里，真正赚大钱的往往不是主板，而是成长性更好的，比如今天我们要讲的——双 创。 在国内还没有股市的时候，企业都是公有制。 需要钱的话，就找国家申请；亏损了，有国家兜底。 改革开放后，国企们陆续转向了股份制。再需要钱，不能全找国家要了，也得自己想办法。 股份制简单理解，就是把企业资产分成多份、等额、可交易的"股票"。 你拿着多少份股票就相当于你拥有了公司多少的资产。 画不多说 . 这些股票可以在市场上流通，谁买都可以。 这样一来，股份制公司想融资借钱，就多了个渠道——发股票。 刚开始的时候，大家买卖股票都是私下交易，市场秩序非常混乱。 为了能规范股票的交易，1990年，上交所和深交所成立了。 这些在上交所和深交所，按照常态标准上市的公司，被官方和股民叫做：主板。 但主板的门槛特别高，尤其是对收益，有极高要求。 不能连续赚钱，赚得不多的，都不能上市 ： 但很尴尬的是，中小板门槛降得不明显，服务对象依然是相对成熟的中型企业，并没有发挥什么 作用。所 ...

Core Viewpoint - The company is planning to issue shares and pay cash to acquire equity in Shanghai Panqi Microelectronics Co., Ltd, leading to a temporary suspension of its stock trading [1][2]. Group 1: Suspension Details - The company's stock will be suspended from trading starting August 25, 2025, for a period not exceeding 10 trading days due to the planned asset acquisition [2]. - The suspension is aimed at ensuring fair information disclosure and protecting investor interests [2]. Group 2: Transaction Overview - The acquisition involves purchasing all or part of the equity (controlling stake) of Shanghai Panqi Microelectronics Co., Ltd [3]. - Initial discussions have identified potential counterparties for the transaction, including STYLISH TECH LIMITED and Shanghai Songchi Investment Management Center [3]. - The transaction will be executed through a combination of share issuance and cash payment, with specific terms to be disclosed in future announcements [3]. Group 3: Intent and Agreements - The company has signed a preliminary equity acquisition intention agreement with major shareholders of the target company, establishing the basis for the transaction [3]. - The final transaction price will be determined based on an assessment report from a qualified evaluation agency [3].

Core Viewpoint - The article highlights the achievements of Chinese technology companies, particularly Huawei and DeepSeek, in the semiconductor and AI sectors, emphasizing their global leadership and innovation capabilities [1][3]. Group 1: Huawei's Achievements - Huawei ranks first in the 2025 Fortune China Technology 50 list, showcasing its comprehensive strengths in communication, chips, operating systems, and AI [1][4]. - In the 5G communication sector, Huawei holds a 15% share of essential patents globally, providing critical technological support for 5G network construction in multiple countries [3]. - The Kirin 9020 chip has over 90% localization rate, significantly enhancing performance, while the Ascend AI processor has set global performance records in supporting large model inference [3]. - The Harmony operating system has been installed on over 10 million devices, indicating continuous ecosystem expansion [3]. Group 2: DeepSeek's Impact - DeepSeek ranks second in the Fortune list, recognized for its AI large model DeepSeek-R1, which scored 88.5 in the MMLU benchmark test, outperforming international models like Llama 3 and Claude 2 [1][7]. - DeepSeek's model has a strong presence in the open-source community, with global downloads ranking in the top ten, and as of June 2025, it has 163 million monthly active users, making it the largest AIGC application worldwide [7]. Group 3: Other Notable Companies - Other companies such as CATL, Alibaba, Tencent, and BYD also feature prominently in the technology landscape, with CATL leading the global market in power batteries and energy storage systems, achieving a 37.6% market share in global power battery installations in 2024 [8].

泰凌微公告显示，本次交易事项尚处于筹划阶段，公司目前正与交易意向方接洽，初步确定的交易对方 为STYLISH TECH LIMITED、上海颂池投资管理中心(有限合伙)、上海芯闪企业管理合伙企业(有限合 伙)，本次交易对方的范围尚未最终确定，最终交易对方以重组预案或重组报告书披露的信息为准。 泰凌微(688591)8月22日晚间公告称，公司正在筹划以发行股份及支付现金的方式购买上海磐启微电子 有限公司(以下简称"磐启微")的全部或部分股权并募集配套资金。 据披露，经初步测算，本次交易预计不构成重大资产重组且不构成关联交易，不会导致公司实际控制人 发生变更。公司股票自2025年8月25日开市起停牌，预计停牌时间不超过10个交易日。 资料显示，磐启微是一家专注于无线通信技术及物联网芯片设计的企业。公司官网介绍，磐启微目前公 司研发人员占比超过75%，公司拥有专利超130项，涵盖了无线通信、射频、SoC等领域的关键技术。 公司产品广泛应用于资产管理、室内定位、工业互联、智能家居、智慧城市等领域。 泰凌微8月18日晚间披露2025年半年报，公司上半年实现营业收入5.03亿元，同比增长37.72%；归母净 利润为1.0 ...

Taiwan Semiconductor Manufacturing TodayTSMTaiwan Semiconductor Manufacturing$227.55 -1.05 (-0.46%) 52-Week Range$134.25▼$248.28Dividend Yield1.14%P/E Ratio25.95Price Target$258.33Add to WatchlistNews is starting to show up again for the United States technology sector, this time in a more unconventional manner than over the past couple of years. The United States government and other entities are starting to buy up significant stakes in one company, which is best positioned to carry on the onshoring agend ...