Core Insights - The Ministry of Industry and Information Technology of China has issued guidelines to optimize business access and promote the development of the satellite communication industry, outlining a clear development blueprint for the sector [1] - By 2030, four core goals are set: improving management systems and regulatory frameworks, enhancing innovation and product iteration, significantly upgrading comprehensive development levels, and achieving large-scale applications of new business models like direct satellite connections with mobile phones, targeting over ten million users [1] Industry Development - The guidelines emphasize accelerating key technology breakthroughs and product development in satellite communication, enhancing the supply of essential components, chips, and terminal devices, improving technology performance, and reducing user costs [1] - The satellite communication industry aims for a significant increase in the number of users, with a target of surpassing ten million users through new business models [1] Company Focus - Liyang Chip (688135), a semiconductor company from Guangdong, has established itself as a key player in the satellite communication industry, particularly in the chip testing sector, leveraging its unique technological advantages [1][2] - The company's core competitiveness lies in providing high-quality testing solutions for Beidou short message and satellite communication chips, addressing the "testing bottleneck" in the mass production of satellite communication chips [2] - Liyang Chip has transitioned from "technology follower" to "global leader" in satellite communication chip testing over a decade, having started its development in 2012 [2] - In 2023, the company expanded its application scenarios by providing exclusive mass production testing services for satellite communication baseband and RF chips in smartphones, positioning itself to meet the growing testing demand from the emerging "mobile direct satellite" market [2]