Fangzheng Securities: Maintains a "Strong Buy" rating for Nanchip Technology, expanding into the fields of Autos and AI Servers.

Fangzheng Securities' research report indicates that Nanchip Technology (688484.SH) ranks among the top domestic Analog Chip design companies in terms of revenue scale, with consumer products serving as a stable profit foundation. In recent years, the company has actively broadened its product capabilities while deepening its existing competitive advantages in Smart Phones, expanding into the fields of Autos and AI Servers to explore new growth momentum. The management team possesses strong industry insights, with a strategic layout that traverses industrial opportunities, while also deeply participating in research, sales, and supply chain management. The company is a rare symbol in the power and Battery sector that can provide an end-to-end complete solution, boasting a well-established architecture in charge pump technology and cutting-edge R&D, coupled with the synergistic effects in the embedded field post-acquisition, leading to a continuously enriched product matrix, Bullish on the company's future product structure and application field expansion. Maintains a "Strong Buy" rating.