Shanghai Fudan Microelectronics: Takeaways from new product launch

研报英文原文证据摘录

Shanghai Fudan Microelectronics: Takeaways from new product launch

Update

July 16, 2026 03:26 PM GMT

Morgan Stanley Asia Limited+MShanghai Fudan Microelectronics Daisy Dai, CFA

Equity Analyst

Takeaways from new product Daisy.Dai@morganstanley.comMorgan Stanley Taiwan Limited+ +852 2848-7310

Charlie Chan

Equity Analystlaunch Charlie.Chan@morganstanley.com +886 2 2730-1725

Daniel Yen, CFA

Shanghai Fudan launched new chips, a development platform and IP during the Equity Analyst

event. Daniel.Yen@morganstanley.com +886 2 2730-2863

Morgan Stanley Asia Limited+

• For edge AI, its FMZQ400TAI (128TOPS INT8 AI performance) combining Henry Zhao

processing system, NPU, and FPGA programmability could deliver edge AI Research Associate

Henry.Zhao@morganstanley.com +852 2239-7731

solutions for intelligent agents, robotics, industrial automation, and large-

Ethan Jia

model inference. Research Associate

• For communication, its flagship RFSoC has 947K logic cells, enabling highly Ethan.Jia@morganstanley.com +852 3963-2287

integrated software-defined radio and radar platforms. The product could be

used for 5G base stations, space projects, etc.

• For the development platform, agents handle execution while humans focus

on decision-making in its Fathom L4 Agent platform, eliminating thousands

of hours of repetitive tasks.

Shanghai Fudan Microelectronics (1385.HK, 1385 HK)

Greater China Technology Semiconductors | China

Three key benefits of FPGA: Stock Rating Overweight

Industry View Attractive

• Faster time to market and upgradable hardware Price target HK$47.30

Shr price, close (Jul 16, 2026) HK$28.10

• FPGA-based prototyping could drive AI agent hallucinations to zero

52-Week Range HK$57.00-25.80

• Enables design tool speed acceleration. Sh out, dil, curr (mn) 817