Core Viewpoint - Alibaba shares experienced a rally in premarket trading following reports that the company may consider floating its chipmaking unit, T-Head [1] Group 1 - Alibaba's potential move to float its chipmaking unit indicates a strategic shift towards enhancing its semiconductor capabilities [1] - The news of the T-Head unit's potential IPO has positively influenced investor sentiment, leading to an increase in Alibaba's stock price [1]

如果您希望可以时常见面，欢迎标星收藏哦~ 纤维电子设备正在将传统纤维和服装转变为新一代可穿戴设备，能够与人体和环境积极互 动，塑造未来生活。纤维电子设备已经实现了几乎所有期望的功能，例如供电、传感和显示 功能。然而，可行的信息处理纤维仍然是难题中缺失的一块，它是构建类似于任何电子产品 的智能交互纤维系统的核心。 2026 年 1 月 21 日 ， 复 旦 大 学 彭 慧 胜 、 陈 培 宁 共 同 通 讯 在 Nature 在 线 发 表 题 为 "Fibre integrated circuits by a multilayered spiral architecture" 的研究论文， 该研究提出并 制备了"纤维芯片"，在弹性的高分子纤维内实现大规模集成电路，成功将供电、传感、显 示、信号处理等多功能集成于一根纤维之内，为纤维电子系统开辟全新的集成路径。 该研究得到国家自然科学基金委、科技部、上海市科委等项目支持。复旦大学纤维电子材料与器件研究 院、高分子科学系、先进材料实验室、聚合物分子工程全国重点实验室教授彭慧胜、陈培宁为本论文通 讯作者，博士研究生王臻、陈珂和博士后施翔为共同第一作者。 参考信息 h ...

Asian stocks advanced on Thursday amid easing geopolitical and trade tensions after U.S. President Donald Trump signaled pausing proposed tariffs against eight European countries over Greenland ownership. Analysts said it was yet another classic TACO (Trump always Chickens Out) trade.Gold was little changed at $4,833 an ounce in Asian trade as fears of the U.S. dollar losing its dominance remained intact. Oil prices traded lower as the glut narrative regained control. China's Shanghai Composite index ended ...

格隆汇1月22日丨振华风光(688439.SH)在投资者互动平台表示，公司在T/R组件领域已有明确布局，目 前公司已有6款产品可应用于T/R组件，且部分产品已于2025年第三季度实现供货，处于小批量订货阶 段，主要服务于通信、雷达等领域。在射频技术方面，公司已推出射频收发系统解决方案，持续完善技 术能力。关于ADC芯片及波控芯片的产品，公司暂未涉及。在商业航天领域，部分抗辐照产品已进入 小卫星选用目录。 ...

格隆汇1月22日丨雷电微力(301050.SZ)在互动平台表示，公司具备芯片设计能力，相关核心芯片为自主 研发，但不涉及芯片制造环节。 ...

Group 1 - The core viewpoint of the articles highlights that AI innovation is driving structural changes in the market, leading to increased demand for both DRAM and NAND Flash products as essential components for AI infrastructure [1][4] - The overall memory industry is expected to reach a value of $551.6 billion by 2026 and further peak at $842.7 billion in 2027, representing a year-on-year growth of 53% [1] - In the DRAM sector, the market value is projected to reach $165.7 billion in 2025, a significant increase of 73% compared to the previous year, driven by heightened demand from cloud service providers [3] Group 2 - The demand for DRAM is expected to see a substantial increase, with a projected annual growth value of $404.3 billion in 2025, reflecting a year-on-year growth rate of 144% [4] - In the NAND Flash market, the value is anticipated to grow to $147.3 billion by 2026, with a year-on-year growth rate of 112%, driven by the increasing need for high IOPS enterprise SSDs [5] - The supply constraints in the memory market are expected to persist, giving suppliers significant pricing power, with contract prices for both DRAM and NAND Flash anticipated to continue rising until 2027 [5]

Vi e w p o i n t | 19 Jan 2026 23:28:49 ET │ 54 pages China Technology & Communications 2026 Outlook: Embrace AI Opportunities in Computing, Networking, Edges and Agents CITI'S TAKE We are positive to HK/China tech despite three years of outperformance (vs. MSCI China) but are aware of high expectations and macro/sector risks ahead. Valuation had re-rated exiting 2025; we prefer H shares to A shares among tech and communication names. In 2026, we continue to embrace AI opportunities across computing, networ ...

21 January 2026 | 4:49PM HKT Equity Research Navigating China Internet: Top AI/apps tracker: Laying out six key AI themes for 2026; focuses on AI adtech, AI assistants & chip supply As highlighted in our recent China Internet 2026 Outlook report, we lay out 6 key AI themes for 2026: 1) AI/adtech to drive further advertising budget shifts to ROI-based ads and new Answer & Generative Engine Optimization (AEO/GEO) marketing strategies; 2) AI model breakthroughs could center around long-context, multi-modal, wo ...

Flash | 20 Jan 2026 10:50:52 ET │ 11 pages TongFu Microelectronics (002156.SZ) Strong 4Q25 Earnings, Solid 2026 Outlook to Continue CITI'S TAKE TFME announced on Jan 20 preliminary FY25 net profit of Rmb1,100- 1,350mn, indicating 4Q25 net profit of Rmb240-490mn (mid-pt. Rmb365mn), up 191% YoY but came in 7% below Bloomberg consensus. Mgmt. attributed the strong earnings growth to improved capacity utilization and increased revenue from higher-end products, with effective costs/expenses control. We expect TF ...

Group 1: Technology Developments - DeepSeek has updated its GitHub repository, revealing a new model architecture "MODEL1," which is expected to be more efficient and suitable for edge devices compared to its predecessor DeepSeek-V3.2 [2] - Longji Technology announced significant progress in Co-packaged Optics (CPO) technology, with successful customer sample deliveries and testing, addressing the growing demand for high-bandwidth, low-latency optical interconnects [11] - Shanghai Yiyou Intelligent Control Technology has launched its first automated production line for robot joints in Zhangjiang, aiming to meet the increasing demand and reduce costs for humanoid robots [10] Group 2: Financial Performance and Projections - Moole Technology expects a net loss of 950 million to 1.06 billion yuan for 2025, despite launching a leading GPU product and experiencing revenue growth due to the AI industry's expansion [17] - Demingli anticipates a net profit of 650 million to 800 million yuan for 2025, representing a year-on-year increase of 85.42% to 128.21%, driven by advancements in storage solutions and AI demand [18] - Tianfu Communication projects a net profit of 1.881 billion to 2.150 billion yuan for 2025, reflecting a growth of 40% to 60% due to the accelerating AI industry and global data center construction [19] Group 3: Regulatory and Market Responses - The European Union plans to phase out "high-risk suppliers" in critical sectors, interpreted as targeting Chinese tech firms like Huawei, which has expressed concerns over the fairness of such regulations [2] - Pinduoduo was fined 100,000 yuan for failing to report tax information as required, highlighting regulatory scrutiny on internet platform companies [4] - Zhiyu Technology announced a temporary limit on the sale of its GLM Coding Plan due to high demand and resource constraints, reducing daily sales to 20% of current levels [3]