Recently, Microgate said in an institutional survey that the current demand for new energy and other fields where the company is located continues to rise, and the demand in the traditional consumer electronics field is relatively stable.

It is reported that the customers of Microgate inductance products cover all aspects of the cloud pipe end of the communication system, such as mobile phones, tablets, PCs, smart homes, base stations, security, etc., focusing on the expansion of automotive electronics, cloud computing and other fields. The company has cultivated a new composite one-piece inductor technology. The value of a single chip is twice the value of traditional small one-piece inductors. It has high saturation current and low loss. It has now entered the supply chain of mainstream customers around the world. In addition, the company's large integrated inductors and assembled ultra-high current inductors can better meet the needs of automotive electronics, servers and other fields, and the value of a single chip is higher.

Microgate said that the company has core capabilities in magnetic materials, such as ferrite soft magnetic materials and alloy soft magnetic materials. It has many years of independent research and application accumulation. Therefore, it has expanded accordingly in the fields of new energy and cloud computing. Certain foundations and advantages. At present, automotive electronics inductance (including transformers) and cloud computing have obtained some orders, and it is expected to continue to grow in the future; for example, Chengdu Jinzhichuan has long-term cooperation foundation and technology accumulation with domestic base station energy customers, and it provides power management related The demand for magnetic devices is currently growing. The company has established an automotive electronics department, dedicated resources to seek greater development in the field of automotive electronics.

At present, the company's products cover large-size inductors, including large-size integrated inductors and inductor transformers. The aforementioned automotive electronics, cloud computing, and energy applications are all large-size inductors in a broad sense. Such as the application in automotive electronics: 1. OBC part, inductance transformer has certain applications; 2. Smart cockpit will use a lot of inductance; 3. Car lights, control part of the central control; 4. Electric drive, ECU, ADAS , These will use common mode inductors. In response to the needs of these fields, the company has done a lot of application-level R&D, which can gradually meet the corresponding needs of major customers.

In terms of radio frequency filters, there are three filter products in the company's product series: LTCC, SAW and BAW, which can cover the full frequency range of communication systems from low to high, basically covering the needs of downstream customers. The company's high-level filters and duplexers have achieved breakthroughs in multiple specific frequency bands, which can meet the needs of high-end applications. The company's receiving end filter has complete frequency bands; the transmit end filter power tolerance reaches the HPUE Class 2 level; the duplexer has good tolerance power, high yield rate, and defective rate controlled below 100ppm, which are all in the leading domestic level.

Regarding SAW filters, Microgate said that the company's receiver filter frequency bands have been accumulating, and are now relatively complete. This year, it has achieved an increase in shipments. Key frequency bands and high-end products (such as duplexers) require high-end filter technology, and certain breakthroughs have been made in technology this year.

The breakthrough in yield rate is the result of a combination of many factors, including Shenzhen State-owned Assets Control, smooth fixed growth, united teamwork, rich development resources, enhanced brand effect, and attracted a large number of high-end talents at home and abroad, and the company's capabilities have been improved as a whole. For example, the company's RF filter products are controlled by high-level talents from design to manufacturing process and quality control.

According to data from third-party institutions in 2019, the RF front-end market is a market of 100 billion yuan, of which the module market is about 47.5 billion, discrete devices are about 30 billion, and filters account for 21 billion in the discrete device market. The total share of domestic manufacturers in the market is very low, and there are only a handful of domestic filter companies that can supply in batches, and the company has successfully entered into many top customers and gained recognition. In terms of filters, the company has R&D teams in South Korea, Shenzhen, and Shanghai with strong technical strength. From the perspective of customer recognition and the company's technical capabilities, the company has good potential for subsequent growth.

For modules, Microgate has two strategies: on the one hand, direct production, which part of the module products have been verified by end customers; on the other hand, for cooperative production, the company provides filter products, and the partners form the final model. Group products. The company's LTCC filter products can be applied to 5G UHB high frequency bands, such as in the N77 to 79 frequency bands. The company's LTCC products are a good choice that can meet performance and cost requirements. The market for RF front-end modules is large and the growth rate is fast. Based on the principle of win-win, the company will work with all parties to make this market bigger and stronger.