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Because semiconductors originated in the United States, the US has a great advantage in the field of chips, possessing many semiconductor basic technologies and patents. Basically, global chip companies cannot do without American technology, which is why chip sanctions can be implemented. The United States not only imposes chip restrictions on us, but also imposes chip sanctions on Russia after the outbreak of the Russia-Ukraine conflict, which is called the hegemony of American Core. However, news from Russia, SMIC, and Nvidia suggests that the dominance of American chip manufacturers is beginning to crumble! Under the call of the United States, Russia has been completely blocked, and many technology giants have announced supply cuts. American giants such as Google, Microsoft, Apple, and Oracle have stopped providing services, while chip giants such as Qualcomm and Intel have stopped supplying chips. Semiconductor manufacturing giants such as TSMC and Samsung have also stopped chip manufacturing in order to make chips unusable in Russia. Photolithography giant ASML is no exception, despite the backwardness of domestic wafer foundry in Russia, which reportedly only has two chip manufacturing companies - one with a maximum production capacity of 65nm and the other with only 90-250nm - they cannot do without lithography machines. Photolithography machines are crucial for chip manufacturing, but currently only four companies from three countries in the world can produce lithography machines for chip manufacturing, namely ASML from the Netherlands, Nikon and Canon from Japan, and Shanghai Microelectronics from China. But the highest process of Shanghai Microelectronics in our country is only 90nm, so lithography machines are purchased from ASML, Nikon, and Canon. However, after the US imposed sanctions on Russia, both Dutch and Japanese companies are unable to export advanced lithography machines to Russia, and even cannot provide after-sales maintenance. In this situation, Russia can only solve the chip problem by developing its own lithography machine. Russia naturally understands this very well, as there have been reports indicating that they have started developing lithography machines. Recently, Russian media reported that the situation is indeed the case. Russia has not only made up its mind to develop its own lithography machine, but also completed its first lithography machine. Russian officials have stated that the first domestically produced lithography machine has been manufactured and is currently undergoing testing to ensure the production of 350nm chips. Although it is only a very mature process, it can still meet the needs of some automotive, energy, and communication industries. Not only that, Russia also plans to achieve 130nm lithography machines by 2026, followed by 65nm lithography machines. The reason why Russia is developing lithography machines from 350nm to 65nm is because the demand for chips in this range is still high, accounting for about 60% of the entire market, and the demand for such lithography machines in the global market will be high for at least 10 years. Besides us, Russia has also joined the competition for lithography machines, causing the situation of lithography machines controlled by the United States to begin to crumble. Speaking of the second piece of news, recently authoritative market institutions released a global wafer market research report, in which the ranking of wafer foundry giants has changed. TSMC still ranks first in the world, Samsung ranks second, and SMIC ranks third. For many years, SMIC ranked fifth globally, with occasional changes in third and fourth place for UMC and Gexin. However, in the first quarter of this year, there was a significant change as SMIC's market share suddenly increased, entering the top three globally for the first time. In terms of revenue, TSMC increased by 12.9% year-on-year in the first quarter, Samsung increased by 2% year-on-year, and SMIC increased by 19.7% year-on-year. SMIC's growth is due to the recovery of the domestic market, and Chinese enterprises are more inclined towards domestic manufacturing. It is worth mentioning that SMIC has surpassed American company Gexin, indicating that US restrictions cannot stop our chip development. The third news is that Nvidia has encountered a downturn in the mainland market due to poor sales of the H20 series AI chip specially designed for the mainland market, forcing Nvidia to lower its prices. This is because the US continues to increase restrictions, and Nvidia has modified its AI chip for the second time. The first modified A800 and H800 had good sales due to their decent functionality, but were soon restricted from shipment by the US. The H20 series, which has been modified again, is not being accepted by mainland manufacturers due to excessive feature castration. On the one hand, mainland manufacturers are increasing their self-developed AI chips, and on the other hand, they are beginning to purchase domestically produced chips, especially the Huawei Ascend series. The key point is that the price of the Ascend 910B is similar to that of the Nvidia H20, but its performance is actually better. Therefore, there are not many people interested in buying the H20, and instead they rush to buy the 910B. As a result, the global AI giant Nvidia has had to lower its prices. From the above three messages, it can be seen that the US chip restrictions have not only failed to achieve their goal of obstruction, but have also aroused the determination of many regions to independently develop breakthroughs. Russia's lithography machines have broken through, and our chips have rapidly risen, while American companies have suffered more losses. Regarding this, some foreign media directly commented that the dominance of American chips is beginning to crumble, and the restrictions on American chips will ultimately end in failure!

Under the trend of automotive intelligence and electrification, the automotive-grade chip market shows huge growth potential. Currently, the entire automotive chip market has high requirements in safety, reliability, etc., but most chips in the automotive market are monopolized by foreign manufacturers. China is currently in a state of insufficient domestic substitution, low self-sufficiency rate, etc., urgently needing accelerated breakthroughs.
Chips can be divided into consumer chips, industrial chips, automotive chips, and military chips according to application scenarios.
Automotive chips, i.e., "automotive-grade chips", refer to integrated circuits that meet automotive quality management systems, reliability, and functional safety requirements. Automotive...

On May 15th, Kaixia released its fourth quarter financial report for the 2023 fiscal year ending on March 31, 2024. Prior to this, Samsung, SK Hynix, Micron, and Western Digital had all released their latest financial reports for the year, sending a good signal to the storage market. Looking ahead to the future, how will the storage market develop?

It is reported that on the day of the meeting, the Chinese side announced that Tesla had passed the four testing requirements for Chinese automotive data security. As a result, Truss became the first foreign automobile manufacturer approved by China's data security regulatory authority. It is worth mentioning that on the same day, the China Association of Automobile Manufacturers and the China National Computer Network Emergency Technology Coordination Center jointly released the "Notice on the Testing of Four Safety Requirements for Automotive Data Processing (First Batch)". Tesla's Model 3 and Model Y, along with 76 models from six car manufacturers including BYD, Ideal, and NIO, meet the requirements for automotive data compliance and security. The requirements for passing the test include anonymization of facial information outside the vehicle, default non collection of cabin data, processing of cabin data inside the vehicle, and significant disclosure of personal information processing. Regarding the development of the new energy vehicle market, Li Qiang previously conducted research at the 2024 Beijing International Automobile Exhibition and pointed out that we will vigorously develop intelligent connected new energy vehicles, adhere to leading industrial innovation with technological innovation, deepen and expand open cooperation, promote the high-end, intelligent, and green upgrading of the automotive industry, and better meet and create market demand. In this survey, Li Qiang visited the exhibition areas of multiple automobile brands such as Dongfeng, BYD, Zhiji, Jiyue, BMW, Geely, Xiaomi, Sailis, Xiaopeng, etc. He pointed out that China's intelligent connected new energy vehicles have a strong development momentum, especially relying on a complete industrial system and continuous innovation investment, which has formed a leading advantage in market competition and open cooperation. We must continue to work hard to maintain and develop this advantage.. Li Qiang stated that intelligent connected new energy vehicles are "large-scale terminals" that integrate multiple technologies such as machinery, electronics, computing, perception, audio-visual, and energy storage. They have become the main direction for the transformation and upgrading of the automotive industry and have very broad development prospects. We hope that car companies will take innovation as the driving force, demand as the guide, and quality as the foundation, accelerate key core technology research and development, strengthen industry chain collaboration, enhance intelligent manufacturing level, and strengthen forward-looking technology research and development layout, promote the continuous improvement and upgrading of the automotive industry, and make positive contributions to the global green and low-carbon transformation. Li Qiang also emphasized that the current Chinese and global new energy vehicle markets are continuously growing and have huge demand space. Intelligent connected new energy vehicles are also a product of global industrial cooperation to a certain extent, and future development requires all parties to leverage their advantages and deepen division of labor and cooperation. China will further promote the construction of a unified national market, expand high-level opening up to the outside world, continue to relax market access, promote trade and investment liberalization and facilitation, treat domestic and foreign enterprises equally, promote wider exchanges and cooperation between Chinese and foreign car companies in capital, technology, management, talent and other aspects, share opportunities in the Chinese market, and develop together and achieve mutual benefit and win-win results in the technological revolution and industrial transformation.

In order to actively promote the construction of a strong intellectual property country, strengthen the publicity and popularization of intellectual property, and enhance employees' awareness of intellectual property, in conjunction with the celebration of the 24th World Intellectual Property Day, Yinte Electronics organized a week-long intellectual property publicity week activity starting from April 20th.

On April 18th, Tao Qing, spokesperson for the Ministry of Industry and Information Technology and director of the Operations Monitoring and Coordination Bureau, announced at a press conference held by the State Council Information Office that the number of artificial intelligence enterprises in China has exceeded 4500. Tao Qing stated that in recent years, China has made positive progress in the development of artificial intelligence, with the number of enterprises exceeding 4500. Innovative achievements such as intelligent chips and general models have accelerated, and intelligent infrastructure has been continuously strengthened. The construction of digital workshops and intelligent factories has been accelerated, laying a good foundation for empowering new industrialization with artificial intelligence. Artificial intelligence is a strategic technology that leads a new round of technological revolution and industrial transformation, and is an important driving force for new industrialization. Tao Qing stated that in the next step, the Ministry of Industry and Information Technology will implement the requirements of the National Conference on the Promotion of New Industrialization and the Government Work Report, fully leverage the advantages of China's complete industrial system, large industrial scale, and rich application scenarios, take deep integration of artificial intelligence and manufacturing as the main line, intelligent manufacturing as the main direction, and scenario applications as the driving force, promote the intelligent transformation of manufacturing industry, empower the industrial manufacturing system at a high level, and provide new momentum for high-quality development. One is to accelerate breakthroughs in key technologies of artificial intelligence and solidify the foundation of application empowerment. Accelerate breakthroughs in fundamental core technologies and products such as intelligent chips, large model algorithms, and frameworks, focusing on underlying technologies such as algorithms and computing power. Accelerate the deployment of intelligent IoT terminals and industrial clouds, enhance the operational management capabilities of computing power supply for the manufacturing industry, guide ecological enterprises to accelerate the creation of universal large models with global competitiveness, cultivate industry large models for manufacturing scenarios, build high-level industrial databases, and stimulate the value of industrial data elements. The second is to accelerate the intelligent upgrading of key links, key industries, and key products in the manufacturing industry. Deepen the integration and application of artificial intelligence technology in the entire manufacturing process, significantly improving the intelligence level of research and development, pilot testing, production, service, management and other links. Targeting key industries that have a significant impact on the national economy, strong driving force, and good digital foundation, we will launch a special action to empower new industrialization with artificial intelligence. We will strengthen supply and demand matching, promote standards, and promote applications, accelerate the intelligent upgrading of key industries, and enhance the intelligence level of key products and equipment such as high-end equipment, key software, and intelligent terminals. The third is to improve and perfect the supporting system, cultivate and strengthen the industrial ecology. Strengthen the guidance of standards, establish and improve a new industrial standard system empowered by artificial intelligence, optimize the layout of manufacturing innovation centers, public service platforms for industrial technology foundations, and key laboratories in the field of artificial intelligence, enhance collaborative innovation in the industrial chain, strengthen the construction of an open source ecosystem for artificial intelligence, and improve mechanisms for cultivating artificial intelligence talents, ensuring safety, and international cooperation

On April 17th local time, ASML, a major lithography machine manufacturer, released its financial report showing that its first quarter sales were 5.3 billion euros, with a gross profit margin of 51.0% and a net profit of 1.2 billion euros. The newly added orders for the first quarter amounted to 3.6 billion euros, of which 656 million euros were orders for EUV lithography machines. ASML expects net sales in the second quarter of 2024 to be between 5.7 billion euros and 6.2 billion euros, with a gross profit margin between 50% and 51%. Net sales in 2024 will be basically the same as in 2023. ASML President and CEO Peter Wennink stated that the company's first quarter sales were 5.3 billion euros, in the middle of its projected revenue range, with a gross profit margin of 51.0%, higher than expected, mainly due to different product combinations and non recurring one-time expenses. Peter Wennink expects net sales in the second quarter to be between 5.7 billion euros and 6.2 billion euros, with a gross profit margin between 50% and 51%. And it is expected that the R&D cost will be approximately 1.07 billion euros, and the SG&A (sales, general and administrative expenses) cost will be approximately 295 million euros. Peter Wennink stated that as the semiconductor industry continues to recover from its downturn, the company's outlook for the full year of 2024 remains unchanged, and it is expected that the performance in the second half of the year will be stronger than in the first half. The company regards 2024 as an adjustment year and will continue to invest in capacity improvement and technology to prepare for the industry's cyclical turning point.

1. What is IGBT? IGBT stands for "Insulated Gate Bipolar Transistor". It is a composite device composed of MOSFET and bipolar transistors, combining the advantages of both types of power transistors. IGBTs come in two types: N-channel and P-channel, with N-channel being the mainstream product currently. The following Figure 1 shows an N-channel I