Group 1: Housing Policy - The four first-tier cities in China have begun exploring the housing ticket system, with Shenzhen's policy set to take effect on April 9, 2025 [1] - Guangzhou is the first among these cities to implement the housing ticket policy, with a plan released in early 2024 [1] - The housing ticket system aims to diversify compensation methods for urban renewal projects and is seen as a way to stimulate demand in the real estate market [1][2] Group 2: Semiconductor Industry - SMIC reported a revenue increase of 27.7% year-on-year, reaching 57.8 billion yuan, but net profit fell by 23.3% to 3.7 billion yuan [3] - The company anticipates stable or moderate growth in market demand across various application fields in 2025, with external uncertainties expected in the latter half of the year [3][4] - SMIC's challenges include competition and limitations in advanced manufacturing processes, impacting profitability despite increased sales [3][4] Group 3: Employment and Gig Economy - WeChat has launched a new feature called "Nearby Jobs," allowing users to find gig work easily, covering over 20,000 job postings across various fields [5][6] - This feature aims to enhance the efficiency of job searching in the gig economy, which is increasingly significant in the national employment landscape [6] Group 4: E-commerce and AI - Taobao has initiated a comprehensive governance program against AI-generated fake images to protect consumers and original brands [7][8] - The Chinese government has introduced regulations for AI-generated content, effective from September 1, 2025, to ensure responsible use of AI technology [7][8] Group 5: Gaming Industry - Tencent is investing 1.16 billion euros to acquire a 25% stake in a new subsidiary of Ubisoft, focusing on popular game franchises [9][10] - This investment reflects Tencent's strategy to deepen its collaboration with Ubisoft, enhancing its presence in the gaming sector [10] Group 6: Snack Industry - Three Squirrels has announced plans for an IPO in Hong Kong, aiming to raise funds for expanding its supply chain and international branding [13][14] - The company reported a revenue of 10.622 billion yuan, a 49.3% increase, and a net profit of 408 million yuan, up 85.5% [13][14] Group 7: Stock Market Performance - The stock market experienced fluctuations, with the Shanghai Composite Index closing down 0.67% on March 28, 2024, amid a trading volume of 1.12 trillion yuan [15][16] - The market showed a lack of clear direction, with various sectors experiencing mixed performance, influenced by both internal and external factors [16]

Core Viewpoint - The article emphasizes the rapid growth of the photovoltaic (PV) and variable frequency control sectors, highlighting the critical role of MCU chips in determining system efficiency, reliability, and cost competitiveness. Huatai Electronics has developed high-performance MCU chips based on the ARM dual-core Cortex-M7 architecture, which have been widely adopted in PV inverters and industrial frequency converters. However, overcoming market trust barriers due to high migration costs and international competition remains a key challenge [1][2][22]. Industry Pain Points - High migration costs for customer systems pose significant challenges, as switching from imported MCUs often requires extensive system reconstruction due to deep integration with existing architectures. This includes hardware compatibility, software ecosystem dependencies, and certification barriers, leading to reluctance in adopting domestic chips despite comparable performance [3][2]. Technical Breakthroughs - Huatai's MCU chips utilize a dual-core Cortex-M7 design with a clock speed of 300MHz, featuring 2MB eFlash and 512kB SRAM. This architecture addresses core industrial control needs, demonstrating significant advantages over single-core solutions, such as maintaining a total harmonic distortion (THD) below 2% and achieving a maximum power point tracking (MPPT) efficiency of 99.6% [8][9]. Verification System - Huatai has established a three-tier verification system encompassing chip, module, and system levels. This includes an automated testing system for critical parameters, ensuring high accuracy and reliability through extensive pressure testing [10][12]. Reference Design Development - The company offers turnkey solutions for PV inverter applications, significantly reducing customer code migration workload by 70% through hardware abstraction layers. The use of low-loss SJ IGBT core devices enhances overall efficiency and energy savings [11][12]. Ecosystem Construction - To alleviate customer concerns, Huatai has built a "soft and hard collaborative" ecosystem, providing toolchain compatibility, shared algorithm libraries, and certification support to streamline the product launch process [17][18][19]. Market Insights - The article suggests that domestic chip companies must shift from a traditional chip-selling mindset to a system-oriented approach, creating a value loop that demonstrates tangible benefits such as increased energy generation and reduced failure rates. This strategy is essential for building market trust and achieving breakthroughs [22][23]. Conclusion - In the competitive landscape of industrial control chips, understanding application scenarios and delivering value is crucial. Huatai Electronics has not only validated the technical capabilities of its dual-core M7 chips but has also established a trust bridge from silicon to system, which is vital for breaking market monopolies and achieving domestic substitution [23].

点击上图 ▲立即预约 部分银行消费贷利率降至2.49% 3月18日消息，北京银行、宁波银行等部分银行消费贷叠加限时优惠券后利率已降至年化2.5%，最低可至2.49%。从公开信息来看，近期个人消 费贷款利率下行趋势明显。本月上旬，江苏银行推出新客年化利率低至2.58%的消费贷产品，一度刷新行业新低。半月不到，消费贷市场利率已 再探新低。 招商银行、浦发银行、平安银行等近期也针对旗下消费贷产品陆续推出限时优惠券，前后半月不到，利率优惠相差近10个基点。开年以来，主流 商业银行个人消费贷利率已先后跌破"2.6"和"2.5"两个关口。（财联社） 北京宅地楼板单价突破10万元 ｜点评｜ 1年期的政策利率（LPR）目前为3.1%，"2字头"的消费贷如果算上银行运营成本、可能出现的不良贷款等成本，银行可能只是赔本赚 吆喝。想要获得超低利率的消费贷，往往有重重限制，比如新客、征信流水情况良好等，很多被广告吸引的客户最后到手的利率都会有些许上 浮。无论如何，消费贷利率已经呈现出下降趋势。 居民和企业信贷需求疲软，银行不得不采取让利的方式，吸引更多潜在客户。同时，这也是银行积极响应降低信贷成本号召的表现。对于银行部 门来说，对于 ...

Core Viewpoint - The Trump administration is seeking to prevent China from acquiring American chips by tightening export controls and collaborating with allies to align restrictions on semiconductor technology [1][2]. Group 1: Export Controls and International Cooperation - The U.S. government plans to incorporate export controls into trade agreements, urging countries to choose sides between the U.S. and China, emphasizing the importance of democratic values [1]. - Recent meetings between U.S. officials and representatives from Japan and the Netherlands focused on aligning semiconductor equipment maintenance restrictions for companies like Tokyo Electron and ASML with U.S. regulations [2]. - The Trump administration is considering sanctions against specific Chinese companies and tightening export regulations on AI chips, particularly from Nvidia [2]. Group 2: Domestic Production and Industry Challenges - The U.S. faces significant challenges in its automotive industry if it loses access to chips from suppliers like TSMC, which could halt production [1]. - The administration is increasing efforts to boost domestic production capabilities in sectors such as aluminum, steel, and semiconductors, highlighting the need for building data centers and drones [1].

Core Viewpoint - Raspberry Pi has launched the RP2350 microcontroller, which features significant improvements in performance, security, and power efficiency compared to its predecessor, the RP2040 [1][2][3]. Pricing and Availability - The RP2350A (7×7 QFN60) is priced at $1.10 per unit, while the RP2350B (10×10 QFN80) is priced at $1.20 per unit. Bulk purchases significantly reduce the price, with the RP2350A available for $0.80 per unit when buying 3,400 units [1][2]. - The RP2354A and RP2354B models, which will include 2MB stacked flash memory, are in the final stages of development and testing, with plans for mass production later this year [1][5]. Technical Specifications - The RP2350 integrates dual Arm Cortex-M33 processors running at 150MHz, supporting floating-point operations and DSP, along with a security model based on Arm TrustZone [3][4]. - The microcontroller features enhanced power efficiency, with the ability to reduce power consumption to less than one-tenth of the previous model when in low-power mode [3][4]. Design Improvements - The RP2350 replaces the voltage regulator with a more efficient converter, allowing for higher peak current delivery and improved efficiency in low-power modes [4]. - The design retains many elements from the RP2040, allowing for quicker integration and development while also introducing new features such as OTP and core power regulation [5].

近年来，随着国产新能源汽车的智能化发展，汽车内饰与座舱正朝着智能化、科技化、个性化和舒适化 的方向不断演进。汽车座舱也由传统的"功能容器"正进化为"移动生态中枢"，这一进程中伴随着各种动 态交互应用的进化。例如，根据乘客面部表情和肢体语言来识别其心情与状态，从而自动调节车内氛围 灯、香氛与音响等；采用环绕中控屏设计，并通过氛围灯和音响系统打造沉浸式驾乘体验；通过语音去 控制隐藏式空调电动出风口，提升车内的简约风格和科技感；通过触控技术将木材、织物或皮革表皮瞬 间转换为隐藏式控制面板，实现触控互动；通过检测外界光线和温度自动调节调光玻璃的透光率和隔热 性，既保证了车内的舒适度，又提高了能源利用率；通过空气质量系统实时监测车内空气质量并自动净 化有害气体和颗粒物，为乘客提供清新的车内环境，等等。 所有这些发展与变化都涉及到汽车零部件在端侧的电子化与智能化，为此每一辆车需要数百颗的传感与 执行类芯片的支持，而泰矽微正是抓住了这一趋势，自成立以来就深耕于这一细分领域，并通过产品创 新实现了企业的飞速发展。 传感与执行类芯片的集成化趋势 传感系统的组成部分包括传感组件、信号链模拟前端、控制、运算单元、供电以及通讯。除了 ...

然而，正如魏少军教授所说："中国芯片设计业的市场还处在价值链的中低端"。 他指出，中国芯片设计业的主战场还集中在通信和消费类电子领域，在计算机领域的份额只有10% 右，与国际上计算机芯片占市场25%的比例差距明显。进入近年，虽然发展迅猛，但在内卷和外部环 的双重影响下，中国集成电路产业急需找到突围之路。 纵观中国集成电路产业发展现状，笔者认为，中国芯片，正在面临艰难一役。 先进芯片，围追堵截 单从数据看来，中国芯片产业欣欣向荣。 据海关总署公布的数据显示，2024年，我国出口了2981亿块集成电路，出口金额达到1595亿美元。这 其超过手机，成为出口额最高的单一商品。来到进口数据方面，2024年，我国进口了5492亿块集成 路，进口金额达到3856亿美元。魏少军教授在ICCAD 2024年的演讲中也指出，2024年，中国集成电 的销售预测为6460.4亿元，同比增长11.9%。 因为智能汽车，人工智能的火热，市场对先进芯片的需求水涨船高。这主要归因于其背后巨大的算力要 求。以引起这波人工智能浪潮的生成式人工智能为例，公开数据显示，OpenAI的Sora视频生成大模型 训练和推理所需要的算力需求分别达到了GPT ...

最近，台积电、英特尔和三星这些领先晶圆代工厂正在2纳米上开始激烈竞争。来自日本Rapidus也跃跃 欲试。从市场上的报道看来，几家巨头的技术各有千秋。虽然台积电实力雄厚，但追赶者（尤其是英特 尔不甘人后）。 如果您希望可以时常见面，欢迎标星收藏哦~ 然而，在2nm还没有大规模量产之际，市场上已经有了很多1纳米技术的新分享。我们综合一下，以飨 读者。 光刻机，未雨绸缪 众所周知，要发展先进工艺，光刻机是不可或缺的。在本周，ASML 和 Imec 本周宣布建立了一项为期 五年的合作伙伴关系，旨在使 Imec 的研究人员和开发人员能够使用 ASML 的最新工具。 报道指出，此举专注于 2nm 以下工艺技术，这些技术将需要 ASML 最新的光刻技术（包括高数值孔 径）、计量和检测工具。Imec 将确保来自学术界和各公司的工程师拥有用于研究的最新设备，而 ASML 将确保其工具被整合到尖端工艺技术中。 根据该合作伙伴关系，Imec 将获得 ASML 全面的先进晶圆制造设备 (WFE)，包括顶级 Twinscan NXT (DUV)、Twinscan NXE（具有 0.33 数值孔径光学器件的Low NA EUV 工具） ...

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容编译自semiengineering，谢谢。 3D-IC 和小芯片的概念让整个行业兴奋不已。它可能标志着 IP 行业发展的下一个阶段，但到目 前为止，技术困难和成本限制了只有少数几家公司使用它。即使在这些公司中，他们似乎也没 有看到异构集成或重用带来的好处。 实现这一目标的尝试并不新鲜。"十年前，我们试图创建一种用于构建芯片的架构，"Marvell 技术副 总裁兼定制解决方案首席技术官 Mark Kuemerle 表示。"我们的目标是非常民主的，能够定义一种 结构，人们可以将多个芯片组合在一起以构建给定的功能。神奇的是，通过将这些较小的芯片组合 在一起，我们可以使用耗电少得多的接口。我们可以将过去庞大、耗电、复杂、昂贵的系统构建成 基于芯片的系统，从而提高整体效率。更重要的是，它可以节省大量的开发成本，并大大节省整体 芯片成本。但结果并非如此。我们最终的结果是，只有屈指可数的少数公司有能力开发芯片。" 那么为什么要这么做呢？其中一个主要驱动因素是，重要但不具差异化的内容数量不断增加。西门 子 EDA 中央工程解决方案总监 Pratyush Kamal 表示： ...

| 2025年3月4日 | | --- | | 各股市走势图 . | 股市短评 | 1 | | --- | --- | --- | | 主要经济数据公布 . | 主要新闻总结 . | | | 国际经济要闻 . | 大中华经济要闻 | | | 企业要闻 . | 中港两地上市的Ｈ股股份 | | | 免责声明 . | | | | 指數 | 收市 | 日比(%) | 5日(%) | 17,000 | | --- | --- | --- | --- | --- | | 恒生 | #N/A | 0.28 | (1.44) | 16,000 15,000 | | | Requesting | | | 14,000 | | H股 | #N/A | 0.03 | (2.31) | | | | Requesting | | | | | 紅籌 | #N/A | #N/A | #N/A | | | | Requesting | Requesting | Requesting | | | HSC大型股 | #N/A | #N/A | #N/A | | | | Requesting | Requesting | Requesting | ...