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].

Core Insights - The 2025 Bay Chip Exhibition opened on October 15, 2025, in Shenzhen, showcasing new technological products from Xinkailai and its subsidiaries, which became the focal point of the event [1]. Product Highlights - Xinkailai presented a series of products named after famous mountains, including: - Yuelu Mountain (Optical Detection) - Chibi Mountain (Optical Measurement) - Wuyi Mountain (Etching Machine) - Emei Mountain (Diffusion Equipment) - Sanqing Mountain (Rapid Thermal Processing) - Putuo Mountain (Medium Thin Film Deposition) - Changbai Mountain (Thin Film Deposition) [1]. - The subsidiary Wanliyan showcased a next-generation ultra-high-speed real-time oscilloscope with a bandwidth exceeding 90GHz, indicating significant industrial application prospects in semiconductor, 6G communication, optical communication, and intelligent driving sectors [1]. Market Position - Wanliyan has achieved a national leading position and ranks second globally in its field, highlighting its competitive edge in the market [1].

Core Viewpoint - The 2025 Bay Chip Expo in Shenzhen showcased innovative technology products from New Kailai and its subsidiaries, highlighting significant advancements in various sectors such as semiconductors and communication technologies [1] Group 1: Product Highlights - New Kailai presented a series of products named after famous mountains, including optical detection (Yuelu Mountain), optical measurement (Chibi Mountain), etching machines (Wuyi Mountain), diffusion equipment (Emei Mountain), rapid thermal processing (Sanqing Mountain), medium thin film deposition (Putuo Mountain), and thin film deposition (Changbai Mountain) [1] - The subsidiary Wanliyan exhibited a next-generation ultra-high-speed real-time oscilloscope with a bandwidth exceeding 90GHz, indicating strong potential for industrial applications in semiconductor, 6G communication, optical communication, and intelligent driving sectors [1] Group 2: Market Position - The oscilloscope achieved a national leading position and ranks second globally, reflecting the company's competitive edge in high-tech instrumentation [1]