[Table_Reportdate] 2026年03月30日 标配 行 业 周 报 [证券分析师 Table_Authors] 方霁 S0630523060001 fangji@longone.com.cn 联系人 方逸洋 [table_stockTrend] -35% -16% 3% 22% 41% 61% 80% 25-03 25-06 25-09 25-12 申万行业指数:电子(0727) 沪深300 [相关研究 table_product] 1.乐鑫科技（688018）：公司AIOT产 品不断迭代，毛利率继续维持较高水 平——公司简评报告 2.GTC大会正式发布Vera Rubin与 LPU，国内头部CSP云业务持续增长 — — 电子行业周报 2026/3/16- 2026/3/22 3.寒武纪（688256）：全年业绩高增， 关注下一代思元芯片商业化落地— —公司简评报告 [Table_NewTitle 中国晶圆产能占比望超 ] 30%，小米2025 年四大业务协同增长 fyy@longone.com.cn 联系人 ——电子行业周报2026/3/23-2026/3/29 董经纬 [table_mai ...

3月20日，欧洲MCU巨头意法半导体宣布， 与中国龙头晶圆代工厂华虹宏力合作完成的在 中国本地制造的STM32通用微控制器现已开启交付。首批由华虹宏力代工的意法半导体 STM32晶圆产品已陆续发货给国内客户，这一里程碑标志着意法半导体全球供应链战略的 重大进展。 意法半导体执行副总裁、中国区总裁曹志平表示： "STM32 MCU在中国实现规模量产，体现了意 法半导体对中国客户的核心承诺。我们与华虹宏力携手，通过打造一条安全、可靠、更具韧性的本 地化MCU供应链，把与全球市场同标准、同性能的产品带给中国客户。未来，意法半导体将继续 以更快的速度和更精准的服务，更好满足中国客户的需求。" 通过此次合作，意法半导体已成为在中国实现MCU全流程制造的国际半导体公司。公司正在打造 一条完整的本地化STM32供应链，覆盖从晶圆制造到封装测试的全部环节。这也让他们在当前复 杂的国际竞争态势下，拥有了更强的抵御风险能力。 STM3 2，助力中国客户崛起 对于STM32，中国乃至全球的电子产业同行肯定非常熟悉。 因为自2007年首款STM32F1诞生以来，这系列历经19年演进的微控制器已成为全球通用MCU当之 无愧的市场冠军。 ...

ST Cloud AI update Remi El-Ouazzane President, Microcontrollers, Digital ICs and RF products Group March 9, 2026 Forward looking information Some of the statements contained in this document that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) that are based on management's current views and assumptions, and are condition ...

Core Insights - STMicroelectronics and SpaceX celebrate a decade-long partnership that has significantly contributed to the development of Starlink's satellite communication technology, enabling global connectivity for over 8 million users [2][4][8] Company Collaboration - The collaboration has resulted in the co-design of billions of custom-made components for Starlink, including over 10,000 satellites and user terminals, enhancing the performance and scalability of Starlink's services [2][5][6] - STMicroelectronics has played a crucial role in the manufacturing of Starlink user terminals, producing over 20,000 terminals daily for customers in more than 150 countries [3][6] Technological Advancements - The partnership has focused on BiCMOS technology and innovative manufacturing processes, such as panel level packaging (PLP), to meet the high-volume and quality demands of Starlink [6][8] - STMicroelectronics supplies various critical technologies, including STM32 microcontrollers and secure elements, for Starlink's broadband satellites and ground infrastructure [6][8] Future Directions - The collaboration is set to continue with a focus on next-generation satellites and user terminals, aiming to advance new technologies for phased-array antennas powered by ST's solutions [7][8]

Core Insights - STMicroelectronics and SpaceX celebrate a decade-long partnership that has significantly contributed to the development of Starlink's satellite communication technology, enabling global connectivity for over 8 million users [2][4][8] Company Collaboration - The collaboration has resulted in the co-design of billions of custom-made components for Starlink, including over 10,000 satellites and user terminals, enhancing the performance and scalability of Starlink's services [2][5][6] - STMicroelectronics has played a crucial role in the manufacturing of Starlink user terminals, producing over 20,000 terminals daily for customers in more than 150 countries [3][6] Technological Advancements - The partnership has focused on BiCMOS technology and innovative manufacturing processes, such as panel level packaging (PLP), to meet the high-volume and quality demands of Starlink [6][8] - STMicroelectronics supplies various critical technologies, including STM32 microcontrollers and secure elements, for Starlink's broadband satellites and ground infrastructure [6][8] Future Directions - The collaboration is set to continue, focusing on next-generation satellites and user terminals, with an emphasis on advancing phased-array antenna technologies powered by ST's solutions [7][8]

Core Viewpoint - STMicroelectronics (ST) is significantly increasing its investment in the Chinese market, focusing on localizing the production of semiconductor components, particularly silicon carbide and microcontrollers, to enhance supply chain resilience and meet local demand [1][3]. Group 1: Partnerships and Collaborations - In June 2023, ST established a joint venture with Sanan Optoelectronics in Chongqing to localize silicon carbide production, marking it as the first global company to produce silicon carbide locally in China [1]. - ST has partnered with Huahong Group to develop a fully localized STM32 supply chain, ensuring consistent quality across products manufactured in China and abroad [1][2]. - The collaboration with Huahong began two years ago, involving over 100 factory experts from ST to train Huahong's team on production parameters for ST's MCU products [2]. Group 2: Product Development and Innovations - ST has launched new products in the STM32 series, including the entry-level STM32C0 series aimed at replacing mid-to-high-end 8-bit platforms, and the STM32U3 series designed for IoT devices with ultra-low power consumption [4]. - The STM32MP23 is targeted at machine learning applications, featuring dual Gigabit Ethernet and a 0.6 TOPS NPU, catering to industrial control and smart city applications [4]. - The STM32WBA6 product is designed for smart wireless devices, addressing the growing demand in the medical device sector, particularly for continuous glucose monitoring [5]. Group 3: AI Integration and Market Trends - The integration of AI technologies into ST's product lines is a priority, with plans to incorporate AI edge computing capabilities into future products to reduce power consumption [4][6]. - The market is seeing a rising interest in lightweight wearable products and consumer robots, with ST providing comprehensive development support to clients for AI model selection and STM32 platform integration [6]. - ST emphasizes its unique position in offering nearly turnkey solutions for AI applications, differentiating itself from competitors [6].