Core Viewpoint - Two new stocks from the Sci-Tech Innovation Board are available for subscription next week, including a domestic GPU company and a domestic RF chip company [1][4]. Group 1: Company Overview - Muxi Co., Ltd. is a leading domestic high-performance GPU product company, set to become the "second domestic GPU stock" after Moer Thread [1]. - The company plans to issue 40.1 million shares, with a maximum online subscription limit of 6,000 shares, requiring a market value of 60,000 CNY in the Shanghai market for top-tier subscriptions [1]. - The company has received significant backing from major investors, including Shanghai Jiaomai, Sequoia Capital, and prominent private equity investor Ge Weidong [1]. Group 2: Financial Performance - Muxi Co., Ltd. reported revenues of 426,400 CNY, 53.02 million CNY, 743 million CNY, and 1.236 billion CNY for the years 2022 to 2025 Q3, respectively, with net losses of -777 million CNY, -871 million CNY, -1.409 billion CNY, and -346 million CNY [6][8]. - The company forecasts 2025 revenues between 1.5 billion CNY and 1.98 billion CNY, representing a year-on-year growth of 101.86% to 166.46%, with expected net losses of -763 million CNY to -527 million CNY, indicating a year-on-year improvement of 45.84% to 62.59% [6]. Group 3: Industry Context - Angrui Microelectronics focuses on RF and analog integrated circuit design, with its RF front-end chips already achieving scale sales with major brands like Honor, Samsung, and Xiaomi [2][8]. - The company has also introduced RF SoC chip products to notable clients in various sectors, including industrial, medical, and IoT [2]. - Angrui Microelectronics reported revenues of 923 million CNY, 1.695 billion CNY, and 2.101 billion CNY for the years 2022 to 2024, with net losses of -290 million CNY, -450 million CNY, and -64.7 million CNY, indicating it has not yet achieved profitability [8].

Group 1 - The core viewpoint emphasizes the importance of strengthening scientific research and original innovation to enhance self-reliance in technology and accelerate high-level technological independence [1][2] - Since the 18th National Congress, under the leadership of the central government, China has made historic achievements in science and technology, transitioning from a global participant to a leader in innovation [1][2] - In 2024, China's total R&D expenditure is expected to exceed 3.6 trillion yuan, maintaining the second position globally, with an R&D intensity of 2.69%, surpassing the EU average [1] Group 2 - A strong foundation in basic research and original innovation is essential for becoming a technological powerhouse, enabling the continuous output of significant and disruptive technological achievements [2][3] - The current global technological landscape is characterized by intense competition in fields such as integrated circuits and biotechnology, which are critical areas for China to address its "bottleneck" issues [2] - Basic research serves as the cornerstone for technological breakthroughs and is crucial for driving industrial transformation, providing both theoretical support and continuous momentum for industry upgrades [3]

第三创业板50ETF在泰国证券交易所上市，自登陆欧洲主要市场以后进一步拓展东南亚，该基金主要覆 盖人工智能医药以及新能源，也显示了海外投资者对我国核心科技资产的信赖。 周末消息，和讯投顾贺梦怡表示，11月投放专项债5,000亿，投资方向主要集中在数字经济、集成电 路、新能源电池、智能制造、农产品仓储物流、数字化升级、低空经济、电网、水利等区域。 第二提醒人形机器人行业存在过热风险，目前行业内已经有超过150家的人形机器人厂家，并且半数以 上为初创以及跨行企业。 ...

Core Insights - The "Wave Plan" aims to promote industrial collaboration and technological innovation in the Yangtze River Delta region [1] - The "Wave Weekly: Yangtze River Delta Industrial Dynamics" focuses on the latest industrial developments in nine trillion GDP cities, highlighting key news and leadership activities [1] Industry Highlights - Hangzhou's visual intelligence industry reported a revenue of 710.4 billion yuan in the first three quarters [2] - Shanghai's Xuhui district is developing a "Blockchain + AI" industrial cluster [2] - Nanjing is collaborating with Baiyun Electric to enhance the capabilities of the smart grid industry [2] - Hefei's major scientific facilities, including EAST, CRAFT, and BEST, are now open to global access [2] - Suzhou's Taicang is building a modern port to promote the integration of industry and city [2] - Ningbo's Qianwan New Area is strengthening its dual industrial clusters in biomedicine and new energy vehicles [2] - Wuxi is advancing the expansion of the 465 cluster in coordination with the new energy chain [2] - Nantong is deepening its layout in the new tracks of artificial intelligence and integrated circuits [2] - Changzhou's Nine Company ecological chain project has settled in the high-tech zone [2]

11月29日，由省创新发展研究院和国家信息通信国际创新园服务中心共同主办的山东集成电路科技 与产业创新发展对接交流活动在济南举行。来自省委组织部、省教育厅、省科技厅等相关部门，以及高 校院所、省内外行业重点龙头企业的100余名专家、学者和企业家参加活动。活动现场，山东省集成电 路产业技术创新战略联盟发布硅光芯片用高密度载板、高性能硅基电容等18项创新成果。 会上，来自东南大学、山东大学、中科院等高校院所的专家和山东省集成电路产业技术创新战略联 盟成员单位分享了产业发展经验做法，省创新发展研究院智库集成电路专委会委员与专家进行了座谈交 流。（记者 王亚楠 通讯员 吴蕾） 当前我国集成电路产业已迈入加速发展的关键时期，我省加快集聚芯片设计业，推动晶圆制造规模 化量产，积极布局高端封测产业，大力发展EDA设计工具、专用设备和关键材料等相关产业。 同时， 省创新发展研究院推进集成电路公共研发服务平台提质升级，作为国家集成电路设计济南产业化基地的 核心技术支撑，平台已构建起国内先进的技术服务体系，吸引了一大批优质设计企业、创新团队落地扎 根，2024年驻院企业研发投入7.41亿元，总营收49.78亿元，资源集聚、协同发 ...

天眼查App显示，近日，广州原力链科技有限公司成立，注册资本100万人民币，经营范围为销售代理; 集成电路芯片及产品制造;工程和技术研究和试验发展;集成电路设计;电子产品销售;电子元器件零售;人 工智能理论与算法软件开发;人工智能应用软件开发;人工智能通用应用系统;人工智能基础资源与技术平 台;人工智能公共数据平台;人工智能硬件销售;人工智能基础软件开发;软件开发;区块链技术相关软件和 服务;软件销售;信息技术咨询服务;信息系统集成服务;网络与信息安全软件开发;物联网技术服务;网络技 术服务;技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广;信息网络传播视听节目;第二 类增值电信业务;第一类增值电信业务;基础电信业务。 ...

Core Viewpoint - The article emphasizes the importance of overcoming "bottleneck" technologies in key areas such as integrated circuits, industrial mother machines, high-end instruments, basic software, advanced materials, and biomanufacturing to ensure national security and promote high-quality economic development [1][2][3]. Group 1: Importance of Key Core Technologies - Key core technologies are crucial for national security and high-quality economic development, necessitating enhanced capabilities in technology breakthroughs [1]. - Accelerating breakthroughs in these areas is essential for achieving competitive advantages and ensuring self-reliance in strategic industries [2]. Group 2: Challenges in Fundamental Research - The root cause of "bottleneck" technology issues lies in inadequate foundational theoretical research, which must be addressed to strengthen the basis for technological innovation and industrial development [3]. - There is a need to focus on original and disruptive innovations rather than merely imitative ones to avoid falling into a cycle of "catch-up" [3]. Group 3: Collaborative Framework for Technology Advancement - A collaborative framework is necessary to leverage the advantages of a new type of national system, integrating government, market, and social forces to enhance research and development efforts [4]. - Emphasizing mission-oriented approaches and incentivizing researchers to focus on national strategic needs will drive high-quality and original technological innovations [4].

如果您希望可以时常见面，欢迎标星收藏哦~ 日前，一年一度的集成电路行业盛会ICCAD 2025在成都隆重举行。除了络绎不绝的人流量印证了 这个产业的火热以外，安谋科技高挂在展会门口的"AI Arm CHINA"海报也成功吸引了参观者驻 足。 公司日前全新发布的"周易"X3，正是这些长期技术积累的集大成者。通过采用专为大模型而生的 全新DSP+DSA架构，从定点转向浮点计算，"周易"X3 NPU IP在Tensor计算、Vector可编程性等 方面实现了全面优化，使其能灵活应对各类复杂AI算法，能为多种应用场景提供广泛的支持。 诚 然 ， 在 产 业 链 的 共 同 推 动 下 ， 人 工 智 能 这 些 年 已 经 彻 底 点 燃 。 无 论 是 英 伟 达 的 五 万 亿 还 是 AMD、博通等的高歌猛进，都证明了这一点。但正如大家所看见，人工智能并不仅仅局限于云 端，端侧人工智能也大有可为。 安谋科技CEO陈锋先生在ICCAD 2025高峰论坛演讲中也指出，AI已经无处不在，无论是在手机、 PC、汽车、机器人还是物联网中，都已经出现了AI的身影。有见及此，承继了Arm深厚技术积累 和丰富生态的安谋科技做出 ...

Core Insights - The G60 Science and Technology Innovation Corridor is entering a new phase of development, with significant policy measures and major scientific achievements announced at the recent conference in Shanghai [1][2][3] Group 1: Policy Initiatives - The Shanghai municipal government has approved measures to support the G60 Science and Technology Innovation Corridor, aiming to elevate it to a world-class innovation hub and a model for high-quality integrated development in the Yangtze River Delta [2] - A total of 23 specific measures have been introduced, focusing on building a technology innovation source, creating world-class industrial clusters, and sharing technological resources [2] - Financial support for key projects in cutting-edge fields such as smart terminals and 6G can reach up to 50 million yuan, with additional funding for collaborative research and innovation initiatives [2][3] Group 2: Financial Support and Innovation - A comprehensive financial support plan has been released, proposing 20 specific initiatives across technology finance, green finance, and digital finance to provide full lifecycle financial services for innovation enterprises [3] - The G60 region has seen a significant increase in regional competitiveness, with a projected GDP of 9 trillion yuan for the nine cities in 2024, accounting for approximately 1.1% of the global economy [4] Group 3: Collaborative Ecosystem - The establishment of a collaborative innovation ecosystem among the nine cities is emphasized, focusing on the integration of technology, industry, talent, and capital [7] - The launch of the "Long Triangle G60 Science and Technology Innovation Development Alliance" aims to inject new momentum into agricultural modernization and high-quality development [7][8] Group 4: Major Achievements - The G60 platform has showcased significant scientific innovations, including the establishment of a national metrology testing center for integrated circuit micro-nano detection, which is expected to enhance the quality of the integrated circuit industry [4] - The seventh G60 technology achievement auction saw a 66.7% increase in transaction volume, with cumulative sales exceeding 50 billion yuan [4] Group 5: Educational and Research Collaboration - The construction of the Songjiang University Town Science and Technology Innovation Source is accelerating, aiming to become a highland for technology transfer and innovation [5][6] - Strategic partnerships have been formed with various universities and research institutions to enhance collaborative research and development efforts [6]

Group 1 - The article discusses the specific requirements for different types of R&D activities regarding the additional deduction of R&D expenses, emphasizing the importance of distinguishing between them when enjoying tax benefits [1] - From January 1, 2023, companies can deduct 100% of actual R&D expenses that do not form intangible assets, and for those that do, they can amortize 200% of the intangible asset cost [2] - Integrated circuit and industrial mother machine companies can deduct 120% of actual R&D expenses and amortize 220% of intangible asset costs during the period from January 1, 2023, to December 31, 2027 [2] Group 2 - When companies outsource R&D activities to external institutions or individuals, they can include 80% of the actual expenses in their R&D costs for tax deductions, while the recipient cannot claim additional deductions [3] - For R&D activities outsourced to foreign institutions, companies can include 80% of the actual expenses in their R&D costs, provided that these expenses do not exceed two-thirds of the eligible domestic R&D expenses [5] Group 3 - In collaborative R&D projects between companies, each party can calculate additional deductions based on their actual R&D expenses, following the project plan and registered technical development contracts [7] - For corporate groups conducting centralized R&D activities, they can allocate R&D expenses among member companies based on a reasonable sharing method that aligns with rights, obligations, and benefits [8]