Key Events - Trump announced that the U.S. will impose approximately 100% tariffs on chips and semiconductors [7] - WSTS reported that the global semiconductor market size is expected to grow by 18.9% year-on-year in the first half of 2025, reaching $346 billion [10] - SMIC's Zhao Haijun stated that the capacity shortage will last at least until October this year [7][14] - Samsung is reportedly extending its DDR4 production plan until December 2026 [7][18] - SK Hynix has significantly raised the pricing for HBM4 [7][19] Industry Trends - The Chinese government is pushing for breakthroughs in key brain-machine interface chips, focusing on high-speed, low-power signal processing [9] - Shanghai is accelerating the development of specialized chips for embodied intelligence [9] - The global semiconductor sales in Q2 2025 are projected to reach $179.7 billion, with a year-on-year growth of nearly 20% [11] Company Updates - SMIC reported Q2 revenue of $2.21 billion, a 16% year-on-year increase, with a capacity utilization rate of 92.5% [13][14] - Hua Hong Semiconductor achieved a Q2 revenue of $566 million, with a gross margin of 10.9% [13] - Samsung is investing in a new 1c DRAM production line, aiming for a monthly capacity of 150,000 to 200,000 wafers by mid-next year [15] Market Dynamics - The average trading price of PC DRAM products has increased for four consecutive months, with July's price reaching $3.90, a 50% month-on-month increase [19] - The advanced IC substrate market is expected to reach $31 billion by 2030, driven by AI and other emerging applications [11] Technological Advancements - Zhejiang University announced a breakthrough in neuromorphic computing with the launch of a new generation of brain-like computers, supporting over 2 billion neurons [21]

Core Insights - Shanghai aims to achieve breakthroughs in core algorithms and technologies related to embodied intelligence, targeting at least 20 breakthroughs by 2027, with an industry scale exceeding 50 billion yuan [1][3] - The plan emphasizes the integration of artificial intelligence with physical entities, enhancing their ability to perceive, learn, and interact dynamically with the environment [2][3] Policy Direction - The strategy focuses on a comprehensive approach to overcome key technologies, supporting critical areas such as perception decision-making, motion control, and operating systems with financial backing of up to 50 million yuan [3][4] - The initiative encourages collaboration between local robotics companies and foundational model enterprises to accelerate advancements in motion control models [3] Infrastructure Development - The establishment of five public service platforms is outlined to support the development of the embodied intelligence industry, providing resources such as computing power, training facilities, and investment support [5][6] - The plan includes financial incentives for companies that utilize these platforms, with potential support of up to 4 million yuan per year for computing power [5] Innovation and Market Application - The strategy aims to foster an innovative industrial chain by promoting the development of specialized chips and core components for embodied intelligence applications [8] - The plan identifies five key sectors—logistics, industrial manufacturing, commercial retail, healthcare, and domestic services—for targeted resource allocation and application demonstration [9]

Core Insights - Shanghai Municipal Government released the "Implementation Plan for the Development of Embodied Intelligence Industry" to seize opportunities in embodied intelligence and establish a global innovation hub in this sector [1][2] Group 1: Development Goals - The plan aims to achieve breakthroughs in core algorithms and technologies related to embodied models and corpora, targeting at least 20 breakthroughs by 2027 [1] - It also aims to establish no less than 4 high-quality incubators for embodied intelligence, with a goal of gathering 100 key industry enterprises and promoting 100 internationally leading products [1] Group 2: Financial Support and Investment - The plan emphasizes the role of municipal AI venture capital funds to support quality enterprises in the embodied intelligence sector, promoting early-stage cultivation and investment mechanisms [2] - It proposes to enhance financing accessibility for SMEs by exploring new financial tools related to embodied intelligence [2] Group 3: Technological Development - The plan highlights the importance of developing specialized chips and core components for embodied intelligence, leveraging Shanghai's advantages in autonomous computing chips and robotics [2] - It encourages the establishment of research and production bases for high-value components like joint modules and intelligent sensors in Shanghai [2] Group 4: Enterprise Incentives - The plan includes incentives for companies selling or leasing embodied intelligence robots, offering rewards of up to 5% of contract amounts, capped at 5 million yuan [2] - It aims to deepen strategic cooperation with state-owned enterprises and attract regional headquarters and functional headquarters to Shanghai [2]