Core Viewpoint - *ST Rendo (002647) announced an investment of 100 million yuan in Shenzhen Jiangyuan Technology Co., Ltd., acquiring a 4.1427% stake, aiming to enhance its competitive edge in the AI chip market [1][1][1] Company Summary - The investment is part of *ST Rendo's strategy to establish a second growth curve, focusing on the promising market potential of domestic AI chips [1][1][1] - *ST Rendo recognizes Jiangyuan Technology's technical capabilities and growth prospects, which align with its long-term development strategy [1][1][1] Industry Summary - Jiangyuan Technology, established in November 2022, specializes in the research and development of domestic AI chips, collaborating with local advanced manufacturing partners [1][1][1] - The company has successfully completed the mass production of its first-generation chip product D1 and is launching the D10 computing card based on this chip, with plans for a second computing card product D20 and ongoing development of the second-generation chip T800, expected to achieve mass production by 2026 [1][1][1]

Core Insights - *ST Rendo announced an investment of 100 million yuan in Shenzhen Jiangyuan Technology Co., Ltd., acquiring a 4.1427% stake, aiming to enhance its competitive edge in the AI chip market [1][2] - The investment aligns with the national push for domestic AI chip development and the increasing demand for "domestic chips + secure computing power" in various sectors [2] - This investment follows *ST Rendo's successful restructuring, which included clearing historical debts and achieving a net profit of 347 million yuan in the first half of the year [3] Group 1 - The investment in Jiangyuan Technology is part of *ST Rendo's strategy to establish a second growth curve, focusing on the future market potential of domestic AI chips [1] - Jiangyuan Technology, founded in November 2022, specializes in the research and development of domestic AI chips and has successfully completed the mass production of its first-generation chip product D1 [1] - The company is also developing its second-generation chip product T800, expected to achieve mass production by 2026 [1] Group 2 - The investment is seen as a strategic move to capitalize on the trend of "AI + payment," positioning *ST Rendo advantageously in the wave of domestic computing power [2] - Following its restructuring, *ST Rendo has established three wholly-owned subsidiaries focused on the national computing power hub initiative [3] - The company's strategic vision emphasizes integrating payment and AI to create a comprehensive smart technology ecosystem [3]