Core Insights - Smartkem has received a UK patent for a new method of MicroLED display manufacturing, enhancing efficiency and sustainability in the production process [1][2] - The patented method allows for selective removal of MicroLEDs from a source wafer, significantly reducing material waste and production costs compared to traditional methods [2][3] - Smartkem's IP portfolio includes 140 granted patents across 17 families, indicating a strong position in the semiconductor materials market [2][6] Company Overview - Smartkem is focused on developing advanced transistor technology using proprietary semiconductor materials, aiming to revolutionize the electronics industry [4] - The company's TRUFLEX® semiconductor polymers enable low-temperature printing processes compatible with existing manufacturing infrastructure, targeting low-cost, high-performance displays [4] - Smartkem operates R&D facilities in Manchester, UK, and provides prototyping services at the Centre for Process Innovation in Sedgefield, UK [5] Manufacturing Process - The new MicroLED manufacturing method involves preparing a MicroLED wafer, applying an adhesion layer, and selectively transferring only necessary LEDs to a display substrate [2][3] - This approach allows the source wafer to be reused multiple times, leading to lower display costs compared to traditional monolithic methods [3]

Core Viewpoint - The establishment of a scientific alliance between Shenzhen and Dongguan aims to enhance collaboration in innovation and technology, facilitating the integration of resources and services between the two cities [2][4][9]. Group 1: Scientific Alliance Formation - The scientific alliance, formed by 37 member units from universities, research institutions, and innovative enterprises, aims to promote efficient integration of talent and research resources between Shenzhen and Dongguan [4][5]. - The alliance's logo "We-Science" symbolizes the merging of innovation resources and the creation of a collaborative ecosystem [4]. - The alliance will focus on a "2+N" innovation ecosystem, driven by the "Guangming Science City Forum" and "Songshan Lake Science Conference" [5]. Group 2: Infrastructure Development - A new main road connecting Guangming Science City and Songshan Lake Science City will reduce travel time to approximately 10 minutes, enhancing transportation efficiency [6]. - The road will feature dual eight-lane and six-lane configurations, with a total length of about 13 kilometers and a traffic capacity of 9,000 vehicles per hour [6]. - The cities are also developing a rail network that includes two intercity lines and two metro lines, expected to accommodate around 35,000 passengers per hour [8]. Group 3: Strategic Importance - The scientific alliance is seen as a key initiative for implementing the Guangdong-Hong Kong-Macao Greater Bay Area national strategy and enhancing regional collaborative innovation [9]. - The integration of the two science cities is anticipated to become a driving force for high-quality development in the Greater Bay Area, positioning them as a global hub for technological innovation [9].

6月19日， 夏普公司宣布推出全新A2尺寸彩色电子纸显示器ePoster 系列 EP-CA22。 图片来源： 夏普 EP-CA22搭载由元太科技开发的最新电子纸平台 Spectra™ 62。通过融合夏普独有的色彩再现 与图像处理技术，ePoster实现了鲜艳的彩色显示与平滑的渐变过渡，文字亦可清晰地呈现。 因 此， ePoster适用于商业、公共场所的广告和信息展示、餐饮店菜单牌等多种用途。 #夏普 #电子纸 EP-CA22 分辨率高达2160 × 3060像素，像素间距为0.194毫米，能清晰呈现图像与文字。 在输入接口方面，该设备配备了两个USB Type-C端口，一个用于数据传输及供电，另一个仅用 于供电。 其 内建16GB存储空间，其中14GB为可用容量，方便用户存储大量静态内容。 ▶ 关于集邦 网络连接方面，EP-CA22支持IEEE802.11 a/b/g/n/ac标准的无线局域网（Wi-Fi），同时兼容 蓝牙5.2，支持GAP与SPP两种通信协议，具备良好的无线数据传输能力。 在电源设计方面，EP-CA22使用专用的AC适配器，支持AC100V、50/60Hz电源输入，并转换 为9V直流电输出。 ...

Financial Performance & Guidance - OSI Systems reported revenue of $1.5 billion for the fiscal year ended June 30, 2024[8] - The company provides FY25 revenue guidance of $1.690 - $1.715 billion, representing 9.8% - 11.5% growth[12] - FY25 Non-GAAP Adjusted EPS guidance is $9.15 - $9.45, indicating 12.5% - 16.2% growth[12] - The company's year-end backlog is $1.7 billion[12] Business Segments & Geography - Security division accounts for 68% of OSI Systems' revenue[8, 30] - Optoelectronics division contributes 21% of the company's revenue[8, 93] - Healthcare division represents 11% of the company's revenue[8, 114] - 33% of the company's net sales are from the U S market[9] Recurring Revenue & Backlog - Security segment has recurring revenue of approximately 30%[16] - Healthcare segment has recurring revenue of over 40%[16] - Optoelectronics segment has repeat revenue of over 80%[16] - The company's backlog has grown at a CAGR of 19% from FYE20 to FYE24[16] Growth Drivers & Opportunities - Heightened global demand for high-performance threat detection screening solutions is a key market tailwind for the security division[18] - Strong demand for specialized optoelectronics is driven by the electrification and digitization of various products and solutions[18] - Increasing demand for efficient healthcare solutions to serve the aging population is a growth driver for the healthcare division[18]

Core Viewpoint - TDK has announced the acquisition of American smart glasses developer SoftEye, enabling the company to accelerate the delivery of a complete smart glasses system and create a new human-machine interface (HMI) that interacts through eye movement and AI [1] Company Summary - TDK is enhancing its capabilities in the smart glasses market through the acquisition of SoftEye, which specializes in both hardware and software development for smart eyewear [1] - The acquisition positions TDK to innovate in the field of human-machine interaction, leveraging eye-tracking technology combined with artificial intelligence [1] Industry Summary - The smart glasses industry is poised for growth as companies like TDK invest in advanced technologies that integrate AI and eye-tracking features [1] - This acquisition reflects a broader trend in the electronics sector where companies are seeking to enhance user experience through innovative interfaces [1]

Core Viewpoint - Wuhan Huawai Technology Co., Ltd. has made breakthroughs in the development of "electronic skin," which is in high demand due to its ability to provide robots with tactile sensations and its application in wind turbine blade icing detection, enhancing power generation efficiency [1] Group 1 - The electronic skin developed by the company is highly sensitive and can be applied across various industries, including robotics, wind power, automotive, and medical fields [1] - The company has addressed research and development cost issues through independent research and cross-industry applications, promoting a virtuous cycle of technology application [1] - The product's demand exceeds supply, indicating strong market interest and potential for growth [1]

Market Performance - The main board saw significant gains with stocks like Dazhi Co., Ltd. increasing by 10.02% and Shenzhen Huafa A rising by 110.01% [1] - The ChiNext board led the gains with Yihau New Materials up by 20.01% and Kexiang Co., Ltd. increasing by 19.98% [1] - The Sci-Tech Innovation Board also performed well, with Qingyue Technology rising by 20.05% and Shengyi Electronics increasing by 16.31% [1] - Active sub-industries included SW Printed Circuit Boards with a rise of 5.82% and SW Brand Consumer Electronics up by 3.94% [1] Domestic News - A strategic cooperation framework agreement was signed between Zhongdian Compound and Yongjiang Laboratory to develop optical silicon carbide (SiC) chips for AR glasses [1] - Alibaba's Qwen team announced the completion of official adaptation of the Qwen3 model series to Apple's MLX framework, covering models from 0.6 billion to 235 billion parameters [1] - According to recent institutional research, significant growth is expected in LPCVD/oxidation furnaces and ALD equipment by 2025, with electroplating equipment maintaining a growth rate of around 50% this year [1] - Canalys reported that the PC market in mainland China (excluding tablets) is expected to reach 8.9 million units in Q1 2025, a year-on-year increase of 12%, while the tablet market is projected to grow by 19% [1] Company Announcements - Qingyi Optoelectronics announced a cash dividend of 0.17 yuan per share, totaling approximately 53.22 million yuan, which accounts for 30.94% of net profit [3] - Geer Software declared a cash dividend of 0.05 yuan per share, amounting to about 11.71 million yuan [3] - Youyan Silicon announced a cash dividend of 0.06 yuan per share, totaling approximately 74.64 million yuan [3] - Obi Zhongguang reported an estimated revenue of around 363 million yuan for the first five months of 2025, reflecting a year-on-year growth of approximately 117.18% [3] Overseas News - Teradyne and Anko Technologies have formed a strategic partnership to provide a full-cycle product and service solution for chip testing [4] - Marvell announced the launch of the industry's first 2nm custom SRAM, aimed at enhancing performance for custom XPU and cloud data center devices [4] - Recent reports indicate a price increase across the CFM flash memory market, with DDR4 UDIMM prices rising significantly, although overall market transactions remain sluggish [4] - Star Electronics is collaborating with Hansol Chemical to develop technology for simplifying the optical film structure of high-end QLED TV series [4]

Group 1 - The electronic industry is expected to see a revenue growth of 17.04% in 2024, with net profit increasing by 24.10% and adjusted net profit rising by 36.12% [13][18] - In Q1 2025, the industry continues to perform well, with a revenue increase of 18.47% year-on-year, and net profit and adjusted net profit growing by 26.92% and 32.12% respectively [18][26] - The recovery in terminal demand and AI innovation are driving positive performance in the electronic industry [13][18] Group 2 - Domestic AI models are rapidly emerging, with DeepSeek achieving performance comparable to international leaders, reducing the competitive gap from over a year to less than three months [29][42] - The introduction of various domestic models, such as DeepSeek R1 and Qwen3, showcases significant advancements in performance and cost-effectiveness compared to international counterparts [29][39] - The pricing of domestic AI model APIs is significantly lower than that of international models, enhancing accessibility for developers [42][46] Group 3 - The demand for computing power is expected to increase, with hardware performance continuing to improve due to the expansion of AI applications [47][50] - Major tech companies are ramping up capital expenditures, with a combined Q1 capital expenditure of approximately $76.6 billion, reflecting a 64% year-on-year increase [56][61] - The AI server market is projected to grow significantly, with an expected shipment of 1.811 million units in 2025, representing a 26.29% year-on-year increase [66][70] Group 4 - The PCB market is anticipated to experience a surge in demand, particularly for high-density interconnect (HDI) boards, driven by the requirements of AI servers [76][79] - The global PCB market is projected to reach $94.661 billion by 2029, with a compound annual growth rate of 5.2% [78] - Several domestic manufacturers are actively expanding their HDI production capacity to meet the growing demand from AI applications [82]

中信证券研报表示，2025年二季度以来电子行业整体业绩延续正常需求下的增长趋势，其中预计算力相 关下游强劲，且整体海外算力链强于国产算力链；B端服务器、光储、家电及工控自动化等需求持续强 劲，预计带动相关模拟、功率和成熟制程产业链表现较好，且景气度有望延续；消费电子二季度为传统 淡季，需求保持平稳，预计部分受益份额提升及创新升级的公司业绩较好；自主可控产业链国产化稳步 推进，预计未来先进逻辑订单逐步落地，存储订单保持平稳，且行业并购整合趋势明确。综合来看，预 计二季度业绩表现相对亮眼的细分板块有算力相关PCB龙头、模拟龙头、存储龙头、设备龙头、光学龙 头、部分SoC公司、CIS龙头等。 ...

Core Viewpoint - The electronic industry has become a focal point for broker research, with significant interest from institutions in sectors such as domestic storage, PCB, and semiconductors [3][10]. Group 1: Broker Research and Market Performance - As of June 15, 2023, 330 listed companies have received broker research, with the electronic industry being the most favored, accounting for 50 companies [1][5]. - Over half of the electronic companies that received broker research have seen their stock prices rise since June, with Shengyi Electronics leading with a nearly 48% increase [2][8]. Group 2: Key Companies and Their Developments - Hongjing Optoelectronics has been the most researched electronic company, receiving 21 broker inquiries, focusing on its collaboration with Yingstone Innovation and future product plans in smart automotive and home sectors [6]. - Yangjie Technology has received 13 broker inquiries, with institutions interested in its gross margin trends and downstream application developments, expecting stable growth due to favorable economic conditions and new policies [7]. Group 3: Investment Opportunities - Institutions are particularly optimistic about investment opportunities in domestic storage, PCB, and semiconductor sectors [3][10]. - The transition to DDR5 products is expected to create structural growth opportunities for domestic storage manufacturers, while the PCB sector is anticipated to maintain high revenue levels [11]. - The global semiconductor sales are projected to grow by 11.2% year-on-year by 2025, driven by AI and other technological advancements [11].