每经头条（nbdtoutiao）——农夫大战怡宝，抢到更多蛋糕的却是宗馥莉！农夫绿瓶上市后，怡宝上 演"滑铁卢"：市占率大跌近5个百分点 每经AI快讯，东芯股份（SH 688110，收盘价：110.54元）9月29日晚间发布公告称，因个人原因，陈磊 先生向公司董事会申请辞去公司副总经理职务，辞去上述职务后，陈磊先生将不再担任公司任何职务。 （记者 曾健辉） 2024年1至12月份，东芯股份的营业收入构成为：集成电路占比99.75%，其他业务占比0.25%。 截至发稿，东芯股份市值为489亿元。 ...

Core Insights - Beijing is establishing a "Beijing model" in the integrated circuit sector through systematic planning and innovative organizational modes, aiming to create an ecosystem that integrates industry, academia, research, and application [1][2] Group 1: Education and Talent Development - The Beijing Integrated Circuit Industry Education and Training Base has been fully operational, with a focus on deepening the integration of education and industry [1] - Over the past four years, the base has supported 12 key technology projects from 74 universities and research institutions, resulting in the establishment of 105,500 square meters of research and learning space [1] - Approximately 600 master's and doctoral students have been trained, with 90% entering the integrated circuit industry, forming a comprehensive talent cultivation system [1] Group 2: Economic Impact - The integrated circuit industry in Beijing's Yizhuang area is projected to achieve a production value of 90 billion yuan in 2024, with expectations to exceed 100 billion yuan in 2025 [1] - The opening ceremony included the signing of initial project agreements between Peking University, Tsinghua University, the Institute of Microelectronics of the Chinese Academy of Sciences, and the Beijing Integrated Circuit Major Project Office [2]

格隆汇9月29日｜利弗莫尔证券显示，合肥晶合集成电路股份有限公司向港交所提交上市申请书，独家 保荐人为中金公司。 ...

每经AI快讯，9月29日，利弗莫尔证券显示，合肥晶合集成电路股份有限公司向港交所提交上市申请 书，独家保荐人为中金公司（601995）。 ...

合肥晶合集成电路股份有限公司向港交所提交上市申请书，独家保荐人为中金公司。 ...

Core Points - Broadcom Integrated Circuit (Shanghai) Co., Ltd. received a government subsidy of 3.7752 million yuan, which is 15.27% of the absolute value of the audited net profit attributable to shareholders for the last year [1] Financial Impact - The company has recognized the subsidy in accordance with relevant accounting standards and expects it to have a positive impact on the operating performance for the fiscal year 2025 [1] - The specific accounting treatment of the government subsidy and its impact on the company's profit and loss will be subject to confirmation by the annual audit [1]

Core Points - The World Bank's recent survey indicates that over 97% of businesses view China's courts as fair and reliable in resolving commercial disputes, placing it at the forefront among over 100 economies surveyed [1] - The implementation of the "Private Economy Promotion Law" in May signals a commitment to enhancing the legal business environment, which is crucial for the healthy and high-quality development of the private economy [1][4] - Guangdong province has introduced a series of policies to support the development of the private economy, including measures to optimize the business environment and stimulate market vitality [3][6] Legal Framework - The "Private Economy Promotion Law" is the first foundational law specifically addressing the development of the private economy in China, establishing its legal status and emphasizing the importance of a fair competitive environment [4][5] - The law encourages the government to support and guide private economic development, ensuring that legal frameworks provide long-term stability and predictability for businesses [4] Policy Measures - Guangdong has launched multiple initiatives, such as the "20 Measures to Optimize the Business Environment" and "12 Measures to Stimulate Market Vitality," aimed at enhancing the operational landscape for private enterprises [1][6] - The establishment of the Private Economy Development Bureau in Guangdong is intended to coordinate efforts and ensure the effective implementation of policies supporting private sector growth [5] Economic Development Initiatives - Guangdong's government has introduced specific policies to foster innovation in key industries, including artificial intelligence and robotics, with financial incentives for top-performing companies [6][7] - The province has also implemented measures to reform the investment and financing system, aiming to clarify government responsibilities and broaden financing channels for businesses [6] Business Environment - Guangdong has been recognized for four consecutive years as having the best business environment in China, reflecting its commitment to creating a market-oriented, law-based, and international business climate [8] - Recent initiatives have been introduced to combat online infringement issues affecting private enterprises, ensuring a supportive network for business growth [8] Reform and Efficiency - The province has streamlined the process for starting a business, allowing for company registration to be completed in just one working day, significantly enhancing market access [9] - Legal protections for businesses and entrepreneurs have been strengthened, with measures in place to ensure fair competition and timely resolution of disputes [9][10]

Core Insights - Mercedes-Benz has spun off its Silicon Valley chip team to establish a new company, Athos Silicon, focused on developing next-generation computing chips for autonomous vehicles and drones [2] Group 1: Company Overview - Athos Silicon is headquartered in Santa Clara, California, and consists of engineers who previously worked at Mercedes-Benz's North American R&D center for five years [2] - The company aims to create new chips that are safe for automotive use and have lower energy consumption compared to existing chips [2] Group 2: Financial and Structural Aspects - Following the spin-off, Athos received significant investments and relevant intellectual property from Mercedes-Benz, although the transaction amount has not been disclosed [2] - Mercedes-Benz will hold a minority stake in Athos, which will have an independent board of directors and plans to attract additional venture capital in the future [2] Group 3: Technological Innovations - Athos employs "chiplet" technology, which replaces traditional multi-chip solutions by packaging small chips together, resulting in a 10-20 times reduction in power consumption compared to conventional methods [2] - This technology is designed to meet the low energy demands of electric vehicles while ensuring the reliability required for autonomous driving [2] Group 4: Strategic Goals - CEO Charnjiv Bangar emphasized that maintaining independence allows Athos to engage with more automotive companies, including competitors of Mercedes-Benz, ensuring business neutrality [2] - The core objectives of chip development at Athos are "safety for automotive applications + low energy consumption" [2]

Group 1 - The Zhengzhou government is focusing on building a "strong city" through technological innovation, emphasizing the importance of talent in this process [2] - The city is currently in a new stage driven by technological innovation, with the municipal party committee proposing the goal of building "seven strong cities" [2] - The Zhengzhou Knowledge Association is seen as a valuable talent pool and think tank, gathering outstanding talents from various fields [2] Group 2 - Members of the association are encouraged to recognize that intellectual talent is the primary resource for innovation and to act as promoters and liaisons for attracting talent [2] - The focus areas include tackling "bottleneck" technologies in smart terminals and integrated circuits, building cross-domain platforms, and promoting collaboration between universities, research institutions, and local tech companies [2] - The association aims to enhance contributions by encouraging entrepreneurs to strengthen their businesses and experts to produce more results, while also emphasizing the importance of youth talent development [2]

Core Viewpoint - SMIC's stock experienced a decline of 1.37% on September 26, with a trading volume of 12.182 billion yuan, indicating a potential shift in investor sentiment and market dynamics [1] Financing Summary - On September 26, SMIC had a financing buy-in amount of 2.474 billion yuan, while the financing repayment was 2.644 billion yuan, resulting in a net financing outflow of 171 million yuan [1] - As of September 26, the total financing and securities lending balance for SMIC was 15.48 billion yuan, with the financing balance of 15.437 billion yuan accounting for 5.84% of the circulating market value, indicating a high level compared to the past year [1] - The securities lending activity on the same day included a repayment of 72,700 shares and a sale of 38,400 shares, with the selling amount calculated at approximately 5.0781 million yuan [1] Company Overview - SMIC, established on April 3, 2000, and listed on July 16, 2020, is located in Shanghai and specializes in integrated circuit wafer foundry services across various technology nodes from 0.35 microns to 14 nanometers [1] - The company's main business revenue composition is 93.83% from integrated circuit wafer foundry and 6.17% from other services [1] Shareholder Information - As of June 30, 2025, SMIC had 252,300 shareholders, a decrease of 2.20% from the previous period, while the average circulating shares per person increased by 2.26% to 8,223 shares [2] - The top ten circulating shareholders included several ETFs, with notable increases in holdings, such as the Huaxia SSE Sci-Tech Innovation Board 50 ETF, which increased its holdings by 3.3552 million shares [2]