Core Viewpoint - The company, ZTE Microelectronics, is positioning itself as a leader in the domestic RF front-end chip industry by investing heavily in its own wafer fabrication plant, which is seen as a critical technological foundation for future growth [1][2]. Group 1: Investment in Wafer Fabrication - The establishment of a wafer fabrication plant is crucial for the RF front-end industry, as major international players like Skyworks and Qorvo own their own facilities, while most domestic firms operate on a fabless model [2]. - The trend towards modularization in the RF front-end industry increases the barriers to entry, as higher integration levels are required for RF module products [2][3]. - The company believes that the fabless model is inefficient for RF front-end due to the non-standardized processes involved, making in-house fabrication essential for maintaining competitive advantage [2]. Group 2: Market Changes and Technological Evolution - The company has identified significant market changes, such as the transition from 3G to 4G and then to 5G, as key drivers for its rapid growth [3]. - Current technological advancements necessitate new application forms that traditional RF front-end definitions cannot accommodate, leading to a need for innovative manufacturing resources [3]. Group 3: Patent Dispute with Murata - The company is currently involved in a patent dispute with Japan's Murata, with five patents in question, primarily related to structural and parameter aspects that do not affect the core architecture of its products [4][5]. - The company has initiated a strategy to counter the patent claims and has previously filed for the invalidation of a Murata patent, which was deemed non-innovative by the National Intellectual Property Administration [5]. - The company emphasizes its commitment to fair competition and robust intellectual property management, investing significant resources in legal partnerships to safeguard its innovations [6].