Core Insights - China's legacy chip companies are poised to benefit from the US-China tech war, particularly due to Beijing's anti-dumping investigation targeting US analogue chipmakers [1][3] - The investigation is expected to last at least one year and is likely to impact sales of major US companies like Texas Instruments and Analog Devices while boosting their Chinese competitors [3][4] Industry Impact - The import volume of US mature mode integrated circuit (IC) chips under investigation increased by 37% from 2022 to 2024, while the import price decreased by 52%, affecting domestic sales prices [1] - Domestic companies such as Silergy, SGMicro, Southchip Semiconductor Technology, Joulwatt Technology, and Novosense Microelectronics are expected to gain from this investigation [4] Market Dynamics - Analogue chips, which account for approximately 15% of total global semiconductor sales in 2024, are crucial for processing real-world signals and are primarily used in various applications including power management and automotive systems [5][6] - China is the largest consumer of analogue chips, with demand growing rapidly due to emerging applications like electric vehicles, 5G communications, and the Internet of Things [7]