Recently, an investor asked Guomin Technology on the Shenzhen Stock Exchange Interactive Easy platform: What is the latest progress of the company in the field of chip domestic substitution, and what are the main products of the company? Which overseas companies’ products are they benchmarking against? What are the advantages of these products?
Guomin Technology: Dear investor, hello! Thank you for your attention. In recent years, global trade frictions and supply chain security have received significant attention, creating important development opportunities for chip domestic substitution. Currently, the domestic MCU market is still dominated by international giants such as ST, NXP, and TI, but the process of domestic substitution is accelerating. The company will actively seize market opportunities, focusing on promoting technological breakthroughs and market applications of core products such as general-purpose MCUs, high-security chips, BMS chips, and Bluetooth wireless RF chips, and will launch innovative products that align with market development trends based on its technological accumulation and product advantages. We welcome you to pay attention to the company’s upcoming 2024 annual report to be disclosed on April 17, thank you!
Investor: May I ask if your company will supply automotive-grade MCU chips to BYD for vehicle pre-installation by January 2025?
Guomin Technology: Dear investor, hello! Thank you for your attention. Due to confidentiality agreements and the need to protect the company’s trade secrets, the company does not comment on specific customer situations, please understand. The company’s automotive-grade MCU products have passed AEC-Q100 certification and have been included in the Ministry of Industry and Information Technology’s guidance catalog for domestic chip substitution in automotive electronics.Related products have been applied in automotive components such as window lifters, ultrasonic radars, vehicle refrigerators, in-vehicle entertainment system consoles, new energy vehicle charging guns, and vehicle alarms. However, the revenue from the automotive electronics sector still accounts for a small proportion of the company’s overall revenue, and the company is actively promoting market expansion in the automotive electronics field to increase the shipment volume of automotive-grade chips.
According to public information, Guomin Technology has made significant progress in MCUs: Technically, leveraging the acceleration opportunity of domestic substitution, breakthroughs in general-purpose MCUs are being promoted, such as the N32H series which offers solutions for humanoid robots, and plans to expand into AI applications. In the market, automotive-grade MCUs have passed AEC-Q100 certification and have been included in the Ministry of Industry and Information Technology’s guidance catalog for domestic chip substitution in automotive electronics, and have been applied in various automotive components, with increased market promotion efforts. The product layout focuses on core products such as general-purpose MCUs, high-security chips, BMS chips, and Bluetooth wireless RF chips, with plans for humanoid robot servo motor control and future developments in AI-related fields, aiming to launch innovative products.
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