西部证券研报指出，翱捷科技为极少数覆盖多制式蜂窝、多协议非蜂窝的芯片企业之一，长期深耕手机 基带与物联网领域，且具关键自研IP储备。5G手机芯片已流片，有望未来继续放量。算力需求不断扩 张，ASIC板块承接项目良好，公司预计该业务26年相比于24年业绩有倍数级增长。物联网领域，基带 芯片用于车联网、可穿戴等领域，公司在Cat.1bis 细分赛道24年市场份额近50%，位居行业第一，Cat.4 出货量24年同比增长100%，Cat.7 新一代产品已成功导入中兴等品牌客户；手机领域，4G八核智能手机 芯片已于2025H1成功导入客户，5G手机芯片进入研发后期，预计26下半年开始客户导入，后续伴随公 司新品持续推出及客户拓展，基带芯片收入后续有望持续放量。另外，AI ASIC有望成为第二曲线。目 前芯片定制业务订单承接情况良好，预计2026年芯片定制业务收入对标2024年将有数倍级增长。首次覆 盖，给予"买入"评级。 ...

Group 1 - The core viewpoint of the article is that Aojie Technology is progressing in its chip development, with the 6nm 4G octa-core mobile chip expected to be taped out by the end of September and the 5G mobile chip already having completed the tape-out process [1] Group 2 - Aojie Technology's chairman and chief strategy officer, Dai Baojia, provided updates on the company's chip development during the 2025 semi-annual performance meeting [1] - The company is focusing on advancing its technology in both 4G and 5G mobile chipsets, indicating a commitment to staying competitive in the semiconductor industry [1]

Group 1 - Unisoc (紫光展锐) has initiated its IPO counseling registration on June 27, indicating its growth trajectory in the semiconductor industry [1] - Unisoc is one of the three global companies in the 5G mobile chip market, with expertise in various communication technologies including 2G/3G/4G/5G, Wi-Fi, Bluetooth, and satellite communication [1] - The projected sales revenue for Unisoc in 2024 is 14.5 billion yuan, reflecting an approximate 11% year-on-year growth, with total chip shipments expected to exceed 1.6 billion units [1] Group 2 - According to Counterpoint Research, Unisoc holds a 10% market share in the global smartphone AP-SoC market as of Q1 2025, ranking fourth behind MediaTek (36%), Qualcomm (28%), and Apple (17%) [1] - The AI smartphone market is anticipated to grow significantly, with a forecasted compound annual growth rate (CAGR) of 63% from 2023 to 2028, driven by increasing consumer demand for AI features [1] - Canalys predicts that by 2024, 16% of global smartphone shipments will be AI smartphones, with this figure expected to rise to 54% by 2028, further stimulating the development of AI smartphone chips [1]