On August 16, 2024, the annual top event of the Chinese integrated circuit industry, the 2024 China (Shenzhen) Integrated Circuit Summit (referred to as the "ICS2024 Summit"), sponsored by the Shenzhen Municipal People's Government and organized by the Shenzhen Semiconductor Industry Association, under the guidance of China Semiconductor Industry Association Integrated Circuit Design Branch, will be held in Shenzhen.

The development of AI will drive demand for high-growth computing power, and hardware infrastructure centered on computing power chips is the cornerstone of AI development. In particular, the emergence of ChatGPT has accelerated the development of AI, and AI applications will be more diverse, requiring a large number of hardware devices to provide computing power support. In addition, the semiconductor industry has a cyclical nature, with the year-on-year growth rate of semiconductor sales starting to turn negative in September 2022. In May 2023, the year-on-year growth rate of semiconductor sales bottomed out and started to rise. Shanghai Securities Ma Yongzheng believes that the semiconductor industry will initially recover in 2024 H1, and the recovery of the subdivision field prosperity in 2024 H2 is expected to continue. SIA expects total semiconductor sales in 2024 to reach US$611.2 billion, the highest annual sales in the industry's history, with a year-on-year growth rate of approximately 16%.

According to the Financial Data Center, among related listed companies:

Fullhan Microelectronics provides complete on-board visual chip and solution for tier 1 and auto manufacturers. The company focuses on the field of on-board visual chips, and related products have entered the high-end brands of leading enterprises.

Shanghai Belling can provide a rich portfolio of automotive chip products, including power management, signal chain chips, EEPROM storage, power devices, etc., and has formed relatively complete solutions in multiple automotive application fields.