Maxscend Microelectronics Co Ltd

Xingyun Technology announced on the evening of September 3 that it has signed a Computing Power Leasing Agreement with a VD client to provide computing power resource leasing services for a term of five years, with a total tax-inclusive amount of 921.6 million yuan. The VD client is an A-share listed company with sound contract performance capability. The company said the agreement's performance is expected to have a certain impact on future operating results and does not create reliance on the counterparty. In addition, analog chip giant Texas Instruments circulated a price adjustment notice on September 1, implementing a new round of price increases for multiple products. This is its third round of price hikes this year, following increases in March and May. STMicroelectronics, Analog Devices, Maxscend Microelectronics and several other manufacturers have also adjusted prices. Driven by AI, the semiconductor industry has entered a cycle of rising volumes and prices. WSTS forecasts the global analog chip market will reach 86.519 billion US dollars in 2025, up 8.7 percent year on year. In the first half of the year, A-share semiconductor companies posted combined net profit attributable to the parent of 160.506 billion yuan, up 607.2 percent year on year, with seven stocks including Longsys and Puya Semiconductor growing more than 1,000 percent.