The launch ceremony for the first batch of “Thousand Sails Constellation” networked satellites is expected to be held in Taiyuan on August 5, which means that the Chinese version of “Starlink” will soon shine in the starry sky.

The “Thousand Sails Constellation” program is the “G60 Starlink” plan. According to the plan, the first phase will complete the launch of 1,296 satellites, and in the future, a network of 0.014 million low-orbit broadband multimedia satellites will be built.

With satellite launches and Starlink launches, the information technology industry has fully entered the space information era from the Internet era and the mobile Internet era. Satellite Internet has a wide range of application scenarios, is of great significance in military and civil applications, and is the focus of international scientific and technological competition.

Based on limited orbital resources and the application rule of “first come first, take forever”, countries are speeding up to seize the limited total amount of low-orbit satellite frequency and orbital resources.

In recent years, the Chinese government has attached great importance to and supported the development of the satellite Internet industry, and has introduced a series of policies to support the construction of satellite Internet.

China regards the construction of satellite internet as an important part of “new infrastructure.”

Satellite Internet has a wide range of application scenarios, is of great significance in military and civil applications, and is the focus of international scientific and technological competition.

CITIC Construction Investment released a research report saying that satellite internet can achieve global coverage and is an important part of a satellite-terrestrial integrated network. The application prospects in the military and civilian fields are bright, and the market space is broad. Yongxing Securities believes that in the future, with the gradual implementation of satellite Internet applications, the industry is expected to usher in rapid growth, and related companies with advanced layout and card slots are expected to benefit from the development of the satellite Internet industry.

Companies related to the satellite internet concept:

Fudan, Shanghai (01385): As an FPGA supplier, Fudan Microelectronics occupies a central position in the satellite industry chain. FPGAs (Field Programmable Gate Arrays) are one of Fudan Microelectronics's fastest-growing businesses. These chips play a central role in communication satellites because of their software programmability and flexibility. In the satellite manufacturing market, phased array T/R chips are one of the most valuable components in communication satellites. As an FPGA supplier, Fudan Microelectronics occupies a central position in the satellite industry chain. With China's plans to launch about 13,000 low-orbit satellites, the satellite manufacturing market space is huge, providing huge market opportunities for companies such as Fudan Microelectronics.

Nanjing Panda Electronics Co., Ltd. (00553): The company actively lays out core businesses such as satellites. The company's next-generation satellite communication terminal projects include software and hardware products, which support satellite communication between terminals, and are used in mobile phones, vehicles, ships, airborne, etc.; the subsidiary Panda Communications develops and produces timing products, which are manufactured by purchasing Beidou modules for assembly; and the subsidiary Jinghua Electronics develops and produces automotive satellite navigation products, mainly using the ODM model for export. The company took the lead in establishing the “Low Orbit Satellite Internet Terminal Industry Chain Alliance”; the subsidiary Panda Communications won the bid for the next-generation satellite terminal project, with a bid amount of more than 9 million yuan. The device can support satellite communication between terminals, which is a key step for the company in the field of next-generation satellite communication. An important strategic cooperation has been reached with Xingsi Semiconductor, and long-term potential can be expected. Shanghai Xingsi Semiconductor focuses on 5G/6G communication technology to provide customers with full-scene integrated space-ground baseband chips and solutions. The first 5gemBB baseband chip CS6810 was successfully released at the end of 2022, and the broadband satellite mobile phone baseband chip CS7610 and the ultra-wideband satellite terminal baseband chip CS7810 were launched in early 2023. At the same time, Xingsi Semiconductor launched the Everthink76106G broadband satellite baseband chip platform, the Everthink78106G ultra-wideband satellite baseband chip platform, and satellite communication solutions.