Core Insights - The release of a 90GHz ultra-high-speed real-time oscilloscope by Shenzhen Wanliyan Technology Co., Ltd. marks a significant breakthrough in China's high-end electronic measurement instruments, overcoming long-standing restrictions imposed by Western countries [1][3][5] Performance Enhancement - The new oscilloscope boasts a performance improvement of 500% compared to previous domestic models, with a sampling rate of 200 billion samples per second and a storage depth of 4 billion sample points, which is double that of similar products [4][5] - It features an innovative "intelligent parameter optimization" function that can explore thousands of configurations in just 10 minutes, enhancing testing efficiency by over 100 times [4] Team and Innovation - The development team, averaging 28 years of age, consists of technical experts, young PhDs, and recent graduates, demonstrating a strong capability to compete with global technology leaders [4][5] - The company emphasizes a focus on system integration capabilities rather than isolated breakthroughs, investing in key areas such as ADCs, low-noise amplifiers, and micro-assembly technology [3][5] Strategic Focus - Wanliyan's product strategy is centered on addressing the "bottleneck" issues in high-end measurement instruments, with a product lineup that includes eight series across three major fields: electronic basic measurement, RF microwave measurement, and network testing [5][6] - The company aims to provide reliable testing services regardless of customer sanctions, positioning itself as a "third-party benchmark" in the market [6][7] Market Positioning - The company is committed to rapid iteration and adaptation to technological advancements, ensuring that it can meet the stringent requirements of high-end instrument customers [7] - Wanliyan's goal is to transition from a follower to a leader in the industry, leveraging opportunities presented by advancements in basic scientific research and emerging fields such as 6G and satellite communications [7]

Core Insights - The 2025 Bay Area Semiconductor Industry Ecosystem Expo in Shenzhen highlights the growing confidence in China's semiconductor industry, showcasing 31 models of equipment and the launch of the 90GHz oscilloscope by Xinkailai [1] Group 1: Shift in Perspective - There is a transition from focusing on single key devices to a systemic approach in semiconductor innovation, emphasizing the need for comprehensive progress across the entire supply chain [2] - Xinkailai's showcased products cover the entire front-end manufacturing process, indicating a shift from "point breakthroughs" to "line integration" in the semiconductor industry [2] - The introduction of the 90GHz oscilloscope represents a systemic thinking approach, addressing the long-standing international monopoly on high-end oscilloscopes, which has previously constrained China's R&D pace [2] Group 2: Importance of Domestic High-End Oscilloscopes - The significance of domestic high-end oscilloscopes lies in achieving autonomy and reconstructing the R&D ecosystem, allowing domestic engineers to avoid lengthy international coordination for equipment failures [3] - This autonomy in basic tools enhances the overall vitality of the innovation chain [3] Group 3: Strategic Shift from "Technical Autonomy" to "Ecosystem Reconstruction" - The matrix of over thirty devices from Xinkailai reshapes industry relationships, allowing Chinese semiconductor companies to have domestic equipment as alternatives, thus altering the strategies of international equipment giants [4] - The existence of "substitute options" transforms companies from being "absolute dependents" to "collaborative innovation clients," reminiscent of the paths taken by the photovoltaic and LCD panel industries [4] - Breakthroughs in the semiconductor industry rely on gradual optimizations and improvements rather than dramatic product launches, creating a silent but cumulative innovation process [4] - The ability of Xinkailai to provide comprehensive equipment solutions and the support of the 90GHz testing needs signify the establishment of a self-sufficient manufacturing base for China's semiconductor industry [4]

Core Viewpoint - The 2025 Bay Area Semiconductor Industry Ecosystem Expo in Shenzhen highlights the growing confidence and systemic advancements in China's semiconductor industry, moving beyond single-point innovations to a comprehensive approach that covers the entire manufacturing process [1][2]. Group 1: Industry Developments - The expo showcased 31 models of semiconductor equipment from New Kailai, emphasizing the importance of a complete process chain in semiconductor manufacturing, which is crucial for industrial breakthroughs [1]. - The introduction of the domestic 90GHz oscilloscope signifies a shift towards self-sufficiency in high-end testing equipment, reducing reliance on international suppliers and enhancing the innovation ecosystem [2]. Group 2: Strategic Implications - The presence of domestic equipment options allows Chinese semiconductor companies to transition from being dependent clients to collaborative innovators, reshaping the dynamics with international equipment manufacturers [2]. - The evolution of the semiconductor industry is characterized by gradual improvements in process parameters and material purity, rather than dramatic product launches, establishing a solid foundation for sustainable growth [3].