The Return of the Chip Kings!
The National Big Fund Phase III has injected 164 billion yuan into the semiconductor industry,combined with the explosive demand for AI computing power, the industry’s prosperity continues to rise.
GPU chips, with the intensification of U.S. chip sanctions, domestic breakthroughs are imminent, at the same time, IDC predicts that the global AI chip market will reach 70 billion USD by 2025, providing vast opportunities for domestic replacements.
FPGA chips, with policy requirements to achieve a 30% domestic replacement rate by 2025; L3 level autonomous driving penetration exceeds 20%, currently, domestic 28nm product yield has surpassed 90%, with significant cost-performance advantages.
In the ASIC field, application-specific integrated circuit chips are designed and manufactured for specific user requirements and specific electronic systems. Globally, Broadcom holds a leading position in the ASIC chip market, with a market share of approximately 55%-60%. Domestically, breakthroughs continue, and the replacement space is equally vast!
The three major sectors form a “short-term capital catalyst – mid-term technology iteration – long-term domestic replacement” logical closed loop, and the subsequent market trends are worth closely monitoring.
However, at present, large funds prefer industry leaders, and this issue will outline the companies in the first tier of these three fields!
Special Statement: The following content does not constitute any investment advice, guidance, or commitment, and is for academic research and discussion purposes only.
In the GPU field
The first company is Jingjia Micro.
Technical Highlights: Independently developed JM9 series GPU, performance comparable to NVIDIA GTX 1050, supports domestic operating systems and OpenGL/Vulkan graphics interfaces, with radiation-resistant design meeting military-grade reliability requirements.
Core Advantages: Achieves 48-channel intelligent multi-task parallel processing, with performance approaching international levels under FP8 precision calculations, already applied in the J-20 fighter jet display control system.
The second company is Haiguang Information.
Technical Highlights: Deep Computing series DCU based on GPGPU architecture, compatible with ROCm ecosystem, single precision computing power reaches 90 TFLOPS, performance close to 80%-90% of NVIDIA A100, with power consumption reduced by 12.5%.
Core Advantages: Integrates 32GB HBM2 video memory, bandwidth of 1TB/s, supports double precision scientific computing and AI training, already deployed in national-level supercomputing centers.
The third company is Loongson Technology.
Technical Highlights: The 2K3000 processor integrates self-developed LG200 GPGPU core, with single precision floating-point performance of 256 GFLOPS, 8-bit fixed-point computing power of 8 TOPS, supports OpenCL framework and AI acceleration.
Core Advantages: Adopts Chiplet technology to achieve heterogeneous computing, integrates independent hardware encoding and decoding modules, supports 4K 60fps video processing and multi-interface output.
In the FPGA field
The first company is Unisoc.
Technical Highlights: The Titan series FPGA supports domestic EDA tools, with 28nm process yield exceeding 90%, integrating PCIe Gen3 hard core and 16 channels of 12.5Gb/s high-speed transceivers, suitable for 5G base stations and data centers.
Core Advantages: Achieves 16nm process breakthroughs through Chiplet technology, with product prices 30%-40% lower than imported counterparts, leading in market share in the industrial control field.
The second company is Anlu Technology.
Technical Highlights: The PHOENIX series FPGA adopts 28nm process, integrating MIPI D-PHY hard core and DDR4 interface, supports automotive-grade temperature range (-40℃-105℃), already applied in L3 level autonomous driving domain controllers.
Core Advantages: Self-developed Phoenix architecture achieves dynamic reconfiguration, with response time less than 1 microsecond in smart grid protection devices.
The third company is Fudan Microelectronics.
Technical Highlights: Aerospace-grade FPGA has passed AEC-Q100 certification, with single particle flip resistance capability reaching 100MeV・cm²/mg, applied in bulk in the BeiDou satellite navigation system.
Core Advantages: 28nm process products support PCIe Gen4x8 interface, achieving data transmission rates of 12.8Gbps in aerospace telemetry equipment.
In the ASIC field
The first company is Cambricon.
Technical Highlights: The Siyuan 370 chip adopts Chiplet technology, integrating 39 billion transistors, with computing power of 256 TOPS (INT8), supports LPDDR5 memory, with memory access efficiency reaching 1.5 times that of GDDR6.
Core Advantages: Built-in video encoding and decoding unit supports 132 channels of 1080P decoding, achieving 60% higher energy efficiency than NVIDIA H100 in AI inference scenarios.
The second company is Lanqi Technology.
Technical Highlights: DDR5 memory interface chip supports 12800 MT/s rate, using time-division multiplexing technology to enhance memory bandwidth, with over 40% market share in the server market.
Core Advantages: Self-developed PAM4 signal conditioning technology reduces signal distortion, with a bit error rate below 1e-12 in PCIe Retimer chips.
The third company is Guoke Micro.
Technical Highlights: The Round Owl AI ISP technology achieves dual 3D noise reduction and light enhancement, with GK7606V1 chip supporting 4K AI visual processing, achieving 120fps in smart security applications.
Core Advantages: First to create MLPU architecture supports multi-modal large model inference, with a single chip capable of processing 32 channels of 4K video streams, already applied in drone transmission and industrial quality inspection.
Disclaimer: This report is provided by Ceniu (Shenzhen) Technology Development Henan Branch (which has securities investment consulting qualifications), (Investment Advisor: Han Jiqing Certificate No.: A0050625040002), the information in the report is sourced from publicly available materials that we believe to be reliable, we strive but do not guarantee the accuracy and completeness of this information, and the content of the report is for reference use by our company’s clients only.