Core Insights - New Kai Lai's subsidiary Wanliyan has developed a 90GHz bandwidth ultra-high-speed real-time oscilloscope, positioning itself as a leader in high-end electronic measurement instruments in China, overcoming Western technology restrictions [1][7][9] - The company has also launched two EDA software products with complete independent intellectual property rights, filling a gap in the domestic high-end electronic design software market [2][6][11] - New Kai Lai's emergence is reshaping the semiconductor industry and investment logic in China, moving from reliance on foreign equipment to establishing domestic standards [9][11] Company Overview - New Kai Lai was established in August 2021, headquartered in Longgang District, Shenzhen, with plans for global expansion including R&D branches in major Chinese cities and future technical service centers in Germany and Singapore [3] - The company is backed by Shenzhen's state-owned assets, indicating strong governmental support for semiconductor equipment localization [3][5] Product Launches - At the Bay Chip Expo, Wanliyan showcased its 90GHz oscilloscope, which is crucial for testing advanced semiconductor technologies, while its subsidiary Qiyunfang introduced two EDA software products [1][2][6] - The oscilloscope's development is significant as it breaks through the limitations imposed by the Wassenaar Arrangement, which previously restricted access to high-bandwidth oscilloscopes in China [7][9] Market Impact - New Kai Lai's innovations have triggered significant interest in the capital markets, with related stocks experiencing strong performance following the product announcements [10][11] - The introduction of domestic EDA tools is expected to enhance the efficiency and success rate of chip design in China, reducing dependency on foreign tools [11] Industry Significance - The advancements made by New Kai Lai represent a shift in the Chinese semiconductor industry from merely filling gaps to establishing foundational capabilities [11] - The company's growth reflects a broader trend of increasing investment in core technologies such as semiconductors and artificial intelligence, indicating a shift in capital market focus [11]

Core Insights - New Kai Lai's subsidiary Wanliyan has developed a 90GHz bandwidth real-time oscilloscope, positioning itself as a leader in high-end electronic measurement instruments in China, overcoming Western technology restrictions [1][11][14] - The company has also launched two EDA software products with complete independent intellectual property rights, filling a gap in the domestic high-end electronic design software market [2][10][17] - New Kai Lai is seen as a key player in China's semiconductor self-sufficiency movement, with its innovations expected to reshape the industry and investment landscape [7][14][17] Company Overview - New Kai Lai was established in August 2021 and is headquartered in Longgang District, Shenzhen, covering approximately 200,000 square meters with multiple R&D branches across China and plans for international expansion [4][5] - The company operates eight subsidiaries, each focused on achieving breakthroughs in semiconductor manufacturing technologies [6] Product Innovations - Wanliyan's oscilloscope is the first of its kind in China to exceed 60GHz bandwidth, addressing significant supply challenges in high-end electronic measurement instruments [11][16] - The EDA software from Qiyunfang is designed to support seamless switching between domestic and foreign software, reducing development cycles by 40% and enhancing design capabilities [10][17] Market Impact - New Kai Lai's advancements are expected to disrupt the reliance on foreign equipment in the semiconductor industry, with significant purchases from institutions like Shanghai Jiao Tong University indicating growing acceptance of domestic products [15][16] - The launch of these products has led to a positive response in the capital markets, with related stocks experiencing significant gains [17] Strategic Importance - The emergence of New Kai Lai is viewed as a critical signal for the enhancement of China's semiconductor supply chain capabilities, moving from merely filling gaps to establishing foundational technologies [17] - The company's growth trajectory reflects a broader shift in the investment landscape, directing funds towards core technology sectors such as semiconductors and artificial intelligence [17]

21世纪经济报道记者 石恩泽 吴佳楠 林典驰 深圳报道 10月15日，2025"湾芯展"在深圳会展中心（福田）召开。 深圳国产半导体设备厂商新凯来携旗下子公司亮相，并带来新产品。新凯来备受关注，当天该公司展位 上人头攒动，成为整个展会的"顶流"。 "软""硬"两面产品 21世纪经济报道记者从现场了解到，此次新凯来共带来两个"惊喜"，其旗下两个子公司武汉启云方科技 有限公司（简称"启云方"）和深圳市万里眼技术有限公司（简称"万里眼"）带来了"软""硬"两个方向上 的技术突破。 后者万里眼作为"硬"的代表，研发出中国首款90GHz超高速实时示波器，围绕"中国标准、中国仪器、 中国应用"建立产业新生态，让半导体产业链从此多了"中国标尺"的选择。 记者了解到，万里眼在本次展会上展示了新一代超高速实时示波器，其带宽突破90GHz，在半导体、 6G通信、光通信、智能驾驶等领域具备广阔的产业化应用前景。展台工作人员表示："这个示波器目前 达到了全国第一，全球第二的水平。" 前者启云方作为"软"的代表，首次向业界发布了两款拥有完全自主知识产权的国产电子工程EDA，即原 理图设计软件和PCB设计软件，填补了国产高端电子设计工业 ...