12月（12.1-12.31 ) A/HI台股通信、云计算及安防板块市值下跌3.0%，动态PIE 由月初的14.3x调整至12月31日的13.7x。 

新冠疫情COVID-19 给2020 年的全球资本市场带来巨大冲击和持续影响。数字化进程显著加速对企业IT 需求和个人消费者的数字消费习惯均产生深远影响。疫情带来的科技供给和需求规模大幅波动，亦导致供需错配。资本市场流动性充裕，科技板块估值水涨船高，优势企业的估值扩张显著超越市场预期。展望2021，对于全球科技产业，哪些是资本已经price in 的部分，哪些是未来很可能再超预期的部分？我们尝试展望2021 年全球科技产业投资趋势，供投资人参考指正。

2020年12月23日，企业微信2020年度发布会上，企业微信3. 0发布。企业微信3. 0有着丰富的客户服务方式和效率工具。其开放的生态系统让21,000+第三方合作伙伴，4,760,000+系统被接入企业微信运行。

Tokopedia是一家专注电子商务的印尼科技公司，由William Tanuwijaya 和Leontinus Alpha Edison于2009年2月6日创立，是一家印尼独角兽公司。

中国有赞及微盟集团SaaS产品主要帮助商家实现线上开店、推广获客及后台管理等，与微信生态同步成长，为微信生态核心服务商，随着公司发展，当前业务亦拓宽至非微信渠道，如抖音快手等，助力商家实现多渠道营销推广。

我们判断晶圆代工及电子上游业绩持续增长，估值保持稳健，中芯受阻后其他替代厂商或预期得到改善。反垄断法案或持续对互联网龙头的盈利与外延预期形成压力，估值或在近期出现反复。推荐关注：小米（线下渠道渗透+海外持续高增长）、华虹半导体（功率器件需求回升，无锡厂产能加速投入）、比亚迪电子（机壳业务增量+新兴产品打开估值空间）。

The overview section of the report examines different segments (such as future technological trends, major ongoing defense programs, product mapping analysis, supply chain analysis, and export-import analysis). This analysis provides an in-depth understanding of the GNSS anti-jamming systems concept, along with its ongoing trends. The key segments discussed in this chapter while studying the global GNSS anti-jamming systems market are as follows:

With computers becoming ubiquitous in almost every conventional industrial and institutional system, there arises a need for their use in applications/systems that were once considered to be invincible. These applications/systems include the implementation of vital processes in operational domains in extremely harsh and compact environments. This has propelled a fundamentally different approach to the redesign of conventional mechanical and automation systems to match unconventional applications. Industrial computers and advanced control systems that were introduced in the mid-1980s have undergone a dramatic transformation in terms of computing capabilities, design, and compatibilities.

A vertical cavity surface emitting laser (VCSEL) is a semiconductor-based laser diode that emits high power optical laser beam vertically from its top surface. Such devices replace edge emitting lasers (EEL) offering a wide range of applications especially in networks. VCSEL is primarily used as a low-cost method of tracking movement and transferring data in computer mice, laser printers and fiber optics. The scope of the report discusses the potential opportunities for the key players to enter the global VCSEL for data communication market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by key market players to maintain their foothold in the market.