2025年上半年，中国半导体行业呈现出蓬勃发展的态势，资本市场成为推动行业发展的重要引擎。从 A股到港股，半导体企业IPO呈现多点开花的局面，充分展现了我国半导体产业的全方位突破和资本市 场的深度参与。其中 ， 2025年上半年，共有21家半导体相关企业向A股提交了IPO申请， 17家半导 体相关企业启动上市辅导，另有 10家半导体企业提交港股首次上市申请。 | A股市场：科创板引领半导体IPO热潮 从主营业务看，企业覆盖半导体全产业链，其中芯片设计如昂瑞微（射频芯片）、沐曦股份 （GPU）、优迅股份（光通信芯片）等；材料与设备领域，包含上海超硅（硅片）、亚电科技（清洗 设备）、初源新材（感光干膜）企业；封装与部件领域有芯密科技（密封件）、臻宝科技（设备零部 件）等。 据集微网不完全统计，2025年上半年，共有21家半导体相关企业向A股提交了IPO申请，覆盖芯片设 计、材料、设备、封装测试等多个领域，计划总募资金额465亿元。其中，科创板成为最受青睐的上市 板块，占比超过五成，这一数据充分体现了科创板"硬科技"定位与半导体产业的高度契合性。 半导体行业IPO活跃的背后，是国家对核心技术自主可控的持续支持。科创 ...

[Table_Reportdate] 2025年07月10日 | [数据日期 Table_cominfo] | 2025/07/09 | | --- | --- | | 收盘价 | 147.95 | | 总股本(万股) | 15,670 | | 流通A股/B股(万股) | 15,670/0 | | 资产负债率(%) | 23.09% | | 市净率(倍) | 10.18 | | 净资产收益率(加权) | 4.26 | | 12个月内最高/最低价 | 290.00/88.33 | [乐鑫科技（ Table_NewTitle] 688018）:AIOT长尾市场高 速增长，规模效益显著利润增厚 ——公司简评报告 [table_main] 投资要点 公 司 简 评 [Table_invest] 买入（维持） 报告原因：业绩点评 [证券分析师 Table_Authors] 方霁 S0630523060001 fangji@longone.com.cn 联系人 董经纬 djwei@longone.com.cn [Table_QuotePic] -49% -10% 30% 70% 110% 150% 190% 229% 2 ...

Group 1 - The stock of Aojie Technology (688220.SH) closed at 74.00 yuan, with a decline of 1.79%, currently in a state of breaking issue [1] - Aojie Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 14, 2022, with an initial stock price of 164.54 yuan per share and a total issuance of 41.83 million shares [1] - The company raised a total of 6.883 billion yuan from its initial public offering (IPO), with a net amount of 6.546 billion yuan after deducting issuance costs, which was 4.166 billion yuan more than the original plan [1] Group 2 - The funds raised from the IPO are intended for various projects, including new communication chip design, smart IPC chip design, high-precision navigation solutions, research center construction, and working capital [1] - The total issuance costs for Aojie Technology's IPO amounted to 337 million yuan, with underwriting fees accounting for 310 million yuan [1] Group 3 - On April 11, 2025, Guotai Haitong Securities Co., Ltd. held a restructuring and renaming ceremony at the Shanghai Stock Exchange, officially changing its A-share name from "Guotai Junan" to "Guotai Haitong" while retaining the A-share code "601211" [2] - The name change signifies the completion of the merger and restructuring process between Guotai Junan and Haitong Securities [2]

公众号记得加星标⭐️，第一时间看推送不会错过。 在硅谷这个充满传奇的地方，每天都在上演着从零到一的创业故事。但能够真正写下历史的人并不 多，戴伟立（Weili Dai）就是其中一位。 作为Marvell的联合创始人，戴伟立见证并参与了这家公司从初创企业成长为市值数百亿美元的半导 体巨头的全过程。值得关注的是，她并未止步于此，而是在近年来转身成为了硅谷半导体投资领域的 关键推手，在一系列初创企业的成长过程中发挥着重要作用。 从技术工程师到企业联合创始人，从商业领袖到天使投资人，戴伟立的每一次转型都踏准了行业发展 的节拍。她是如何在竞争激烈的半导体行业中缔造自己的商业版图的？让我们来看看她的故事。 夫妻档的创业传奇 戴伟立出生于中国上海，自幼便展现出对理科的天赋。中学时期，她随家人移民美国，在旧金山湾区 落脚，并最终进入加州大学伯克利分校（UC Berkeley）学习计算机科学。 也正是在伯克利，她遇见了改变她一生命运的伴侣——周秀文（Sehat Sutardja），那时的戴伟立正 在攻读计算机科学学士学位，而周秀文则是电子工程系的博士生。两人在学术的殿堂里相遇，不仅收 获了爱情，更重要的是，他们发现彼此都对技术 ...

证券代码：688018 证券简称：乐鑫科技 乐鑫信息科技（上海）股份有限公司 Espressif Systems （Shanghai） Co., Ltd. （中国（上海）自由贸易试验区碧波路 690 号 2 号楼 204 室） 募集说明书 （申报稿） 保荐人（主承销商） 乐鑫信息科技（上海）股份有限公司 募集说明书（申报稿） 声 明 本公司及全体董事、监事、高级管理人员承诺本募集说明书内容真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承 担相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、完整。 中国证券监督管理委员会、上海证券交易所对本次发行所作的任何决定或意 见，均不表明其对申请文件及所披露信息的真实性、准确性、完整性作出保证， 也不表明其对公司的盈利能力、投资价值或者对投资者的收益作出实质性判断或 保证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或 ...

Core Viewpoint - The electronic communication industry is experiencing significant activity and investment, driven by a combination of strategic state support, technological innovation, and market dynamics, leading to high growth and interest from various capital sources [3][4][5]. Group 1: Industry Overview - The electronic communication sector is characterized as a technology and capital-intensive industry with long investment cycles and high risks, yet it is crucial for national security and economic development [4]. - The industry encompasses various segments including chips, communication equipment, terminal manufacturing, and software applications, indicating a long industrial chain and numerous enterprises [3][4]. - The sector has seen a resurgence in 2024, with revenue growth rates leading among major industries, as reported by Wind data [4]. Group 2: Investment Dynamics - Private equity and venture capital are playing a vital role as "innovation engines," focusing on early to mid-stage projects to support technological advancements and industry upgrades [3][4]. - Public funds are increasingly engaging with electronic communication companies, with a notable rise in the number of public fund institutions conducting research on A-share companies in the sector [5]. - The investment logic has shifted from "single-point technology" to "industrial ecology," with a trend towards early and smaller investments [7][9]. Group 3: Future Trends - The future of the electronic communication industry is expected to revolve around innovation and self-sufficiency, driven by emerging technologies such as cloud computing, big data, and artificial intelligence [10]. - The capital market's role is evolving from mere financial investment to value discovery, with a focus on supporting companies with core technologies and enhancing their operational capabilities [11][12]. - The industry is moving towards a model of "ecological co-construction," emphasizing collaboration between capital and technology to strengthen the foundation for future advancements [12].

昨天（6月24日），RISC-V开源芯片产业创新中心场景应用专题对接会在苏州市集成电路创新中心 举办，吸引相关芯片企业、场景应用企业等的代表参与。 对接会上，国家工业信息安全发展研究中心围绕RISC-V产业规划展开分享，重点介绍产业发展热 点方向、应用场景打造、标准体系建设等内容，并提出供需对接的场景切入建议。场景需求方还与芯片 企业形成双向互动。中国移动云能力中心、追觅科技（苏州）有限公司、蜂鸟机器人科技有限公司、中 国电信天翼物联等企业分别提出在智算中心、智能家电控制、机器人感知、边缘计算节点等场景的具体 需求，涵盖数据存储、算力支持、低功耗设计、通信接口兼容性等维度。 市工信局相关负责人介绍，接下来，将建立场景需求与芯片供给的常态化对接机制，定期举办专题 对接会，推动形成"设计—制造—应用—服务"的全产业链生态，力争将苏州建设成为国内RISC-V产品 系列最全、应用场景最广、产业生态最优的示范区。 据了解，苏州目前已形成覆盖芯片厂商、终端企业、生态运营商的完整产业要素，具备加速场景落 地的优势。日前启用的RISC-V苏州创新中心聚焦"场景定义—芯片研发—商业运营"闭环，依托现有技 术积累与产业合作基础， ...

Group 1 - The stock of Aojie Technology (688220.SH) closed at 70.03 yuan, with a decline of 4.57%, currently in a state of breaking issue [1] - Aojie Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 14, 2022, with an initial stock price of 164.54 yuan per share and a total issuance of 41.83 million shares [1] - The company raised a total of 6.883 billion yuan through its initial public offering (IPO), with a net amount of 6.546 billion yuan after deducting issuance costs, exceeding the original plan by 4.166 billion yuan [1] Group 2 - The funds raised are intended for projects including new communication chip design, smart IPC chip design, high-precision navigation solutions, research center construction, and working capital [1] - The total issuance costs for the IPO amounted to 337 million yuan, with underwriting fees accounting for 310 million yuan [1] Group 3 - On April 11, 2025, Guotai Haitong Securities Co., Ltd. held a restructuring and renaming ceremony at the Shanghai Stock Exchange, officially changing its A-share name from "Guotai Junan" to "Guotai Haitong" while retaining the A-share code "601211" [2] - The name change signifies the completion of the merger and restructuring process between Guotai Junan and Haitong Securities [2]

Core Viewpoint - China Mobile is leveraging the opportunities presented by the "AI+" era to accelerate the integration of AI and IoT technologies, focusing on innovation, application, and industry collaboration [2] Group 1: AI and IoT Product Launch - China Mobile launched a series of "AI+IoT" products aimed at transforming production methods from technology construction to value realization [3] - The company emphasized three key areas: enhancing 5G coverage, satellite communication, and passive activation to create a comprehensive network across air, land, and sea [3] - Two AI modules were introduced: the 351A module with low computing power for lightweight smart terminals, and the 373Q module with 48 TOPS computing power for high-performance terminals like smart robots [3] Group 2: IoT Platform and Ecosystem - China Mobile unveiled an IoT AIoT platform that integrates advanced AI capabilities with over 1 billion connections, facilitating cross-domain collaboration [3] - The "Zhongzhi" ecosystem cooperation plan aims to advance over 200 collaborative projects, providing partners with comprehensive services from R&D to sales [3] Group 3: Satellite IoT Solutions - China Mobile developed a satellite IoT management platform to support global business operations and address connectivity gaps [4] - The company released two domestically produced satellite communication chips based on RISC-V architecture, enhancing IoT connectivity [4] - Two satellite IoT modules were introduced, with the MU305A module featuring intelligent switching between satellite and cellular networks, offering comprehensive communication capabilities [4] - Solutions for logistics, electricity, and water conservancy were launched to tackle issues related to network coverage and communication stability [4]

陕西云谷众惠生物医药有限公司宣布完成由昕成投资、爱康创坛联合投资的种子轮融资和由陕投成长基金、中科创星、 金资基金联合投资的天使轮融资，合计融资约5000万元人民币，并同时宣布完成对上海揽微医学科技有限公司的并购重 组。本轮融资将用于中国首家空心微针医疗器械生产基地建设和三类器械证申报、细胞与外泌体中试车间建设、西北首 个自动化生物组织样本库建设和人才队伍的完善。 空心微针是一种具有中空通道的微米级针状结构，广泛应用于药物递送、疫苗注射、医美注射、生物传感等领域，其核 心优势在于无痛、微创、载药量大且可控性强。 众惠医药在针型设计和生产端深耕多年，通过微针自主设计、微纳3D打印、光固化等核心工艺打磨，开发出可量产、 全链条生产平台，实现从实验室技术到工业化生产的跨越，储备了众多量产工艺、工程设备等方面的技术和专利，打破 了国外垄断，并将在2025年9月完成国内首条自动化生产线的建设。 专注于企业办公安全领域的零信任SASE服务商 —— 杭州亿格云科技有限公司（简称：亿格云）正式宣布完成Pre-B轮 近亿元融资。本轮融资由红杉中国领投、元璟资本、启创资本老股东持续加码，由航行资本担任财务顾问。 本轮资金将主要用 ...