Core Viewpoint - AI agents are reshaping the global technology landscape, serving as a new interface that can execute tasks based on simple commands, fundamentally changing human-computer interaction and challenging the dominance of smartphone manufacturers over operating systems [1][2]. Group 1: Rise of AI Agents - The future may see multiple AI agents coexisting on a single smartphone, each acting as an entry point for different services, leading to a multi-agent ecosystem [2][3]. - Major tech companies like Meta, Tencent, and ByteDance are leveraging AI agents to strengthen their ecosystem, creating closed systems that lock users into their platforms and diminish the control of smartphone brands [2][3]. Group 2: Implications for Smartphone Manufacturers - Smartphone manufacturers risk becoming mere hardware assemblers if they fail to adapt to the AI era, losing control over software, services, and revenue streams [5][6]. - The introduction of proprietary AI agents by smartphone brands can serve as intermediaries to direct user needs to their partners, creating opportunities for emerging startups to gain traffic support [5][6]. Group 3: New Business Opportunities - A new model of AI agent distribution is emerging, where users select agents based on their needs, prompting smartphone manufacturers to upgrade their app stores to AI agent stores [6]. - To seize this opportunity, manufacturers must invest in an open AI ecosystem, supporting independent AI startups and ensuring seamless integration of third-party agents to counter the closed ecosystems of internet giants [6].

Core Insights - The 2025 Shanghai MWC will focus on key industry topics such as mobile terminals, AI, 6G, satellite communication, and AIoT [1][3] - Counterpoint analysts will engage in discussions about industry transformation trends and the global market positioning of Chinese manufacturers [3][4] Group 1 - The event will explore the transformative impact of AI on terminal technology and the vision and key technological research for 6G [3] - There will be discussions on the large-scale implementation of satellite communication and new scenarios for AIoT [3] - The conference aims to provide insights into how Counterpoint's research and services can support business needs [3][4] Group 2 - Industry professionals and partners interested in the mobile ecosystem are encouraged to schedule meetings with analysts at the event [3] - Continuous updates and deep insights into the global technology market will be available through Counterpoint Research [4]

业务咨询 数据来源： Counterpoint 《 2024 全球乘用电动车车型销量追踪报告》 EVs 包括 BEVs 和 PHEVs 点击阅读原文查阅更多相关报告 中国电动车企2024年占据泰国电动车市场74%份额。 "EV3.5"政府激励计划与"30@30"优惠政策持续吸引投资，助力泰国成为区域电动车中心。 凭借强大供应链基础与战略区位优势，泰国正吸引电池和电动车制造商进入市场，巩固其全球 电动车生态圈的优势地位 根据 Counterpoint《全球乘用电动车车型销量追踪报告》 ，泰国在2024年虽是东南亚最大的电动车 市场，但本国的电动车销量同比下降11%。受家庭债务增加和不良贷款增加的影响，信贷政策收紧 导致消费者购车需求减弱，泰国汽车行业整体呈下滑态势。尽管市场环境严峻，泰国政府仍坚定推 动电动化转型，持续实施"30@30"产业政策及"EV3.5"激励计划，加速本国电动车普及进程。 随着电动车需求增长，日系车企因电动化转型迟缓导致长期主导地位不复存在，为中国品牌创造了 市场机遇。凭借价格优势、先进配置和高性价比，中国电动车迅速赢得泰国消费者信任。2024年中 国车企占据泰国电动车市场近四分之三份额， ...

Core Insights - The global smartphone market saw a 3% year-on-year revenue growth in Q1 2025, driven primarily by Apple, vivo, and non-top five brands [2][3] - The average selling price (ASP) increased by 1% to $364, marking the highest Q1 record, attributed to a continued trend towards high-end devices [3] Regional Market Performance - **China**: Smartphone sales increased by 2.5% year-on-year in Q1 2025, supported by government subsidies [7] - **United States**: Smartphone sales revenue declined by 2% year-on-year, primarily due to weakness in the high-end market, where sales dropped by 4% [15] - **India**: Smartphone shipments decreased by 7% year-on-year, but Apple achieved a 29% growth, marking its highest Q1 shipment record in India [19][20] - **Vietnam**: Smartphone shipments fell by 5% year-on-year, with Apple experiencing a 37% increase in shipments, maintaining a strong market presence [24] Brand Performance - Among the top five smartphone brands, only Apple and vivo reported revenue growth [3] - Huawei led the market with a 28.5% year-on-year revenue increase, achieving its highest market share since 2021 [14] - Xiaomi also saw double-digit growth, benefiting from a broader product range and government subsidies [14]

在Computex 2025的首日能看出，全球计算领域的势力格局正开始发生转变。 NVIDIA与超大规模云服务商开放合作，Qualcomm重返数据中心，Arm巩固了在AI领域的地位，这 些动向清晰地表明，这些公司正在突破产品思维的局限，将目光投向更长远的战略布局。 NVIDIA与超大规模云服务商开放合作 NVIDIA在首日发布的最重要的公告聚焦于NVLink Fusion平台。这家芯片巨头宣布将开放其行业领 先的NVLink网络技术知识产权，让超大规模云服务商将他们的半定制芯片整合到NVIDIA的合作伙 伴生态系统中。 分析师观点 "这一举措解决了超大规模云服务商面临的核心挑战——如何在NVIDIA系统的基础上，通过半定制 的基础设施实现纵向扩展与横向扩展，" Counterpoint研究副总裁Neil Shah 指出，"同时也让 NVIDIA实现NVLink技术的商业化变现与规模化应用，巩固其行业黄金标准的地位。" 该公司还宣布在台湾建成规模更大的"NVIDIA Constellation"园区，并将其定位为第二总部。这样的 战略布局旨在靠近核心合作伙伴（TSMC、Foxconn等）并获取更多人才，反映出N ...

Core Insights - The Southeast Asian electric vehicle (EV) market is experiencing significant growth, with sales expected to increase by over 50% year-on-year in 2024, capturing 10% of new passenger vehicle sales [1][3] - Traditional automakers like Toyota, Honda, Nissan, and Mazda have been slow to respond to the surge in EV demand, allowing Chinese EV manufacturers to gain a substantial market advantage in the region [1] - By 2025, it is projected that EVs will account for over 13% of total passenger vehicle sales in Southeast Asia, with a year-on-year growth rate of 41%, and by 2035, it is anticipated that one in every two passenger vehicles sold will be electric [1][3] Market Dynamics - The growth of the Southeast Asian EV market is driven by three main factors: government incentives, abundant resources, and significant investments from Chinese automakers [3] - Southeast Asia is rapidly emerging as a global production hub for electric vehicles, supported by favorable market conditions and increasing consumer demand [3]

Liu Young董事长再次强调"3+3"战略框架：聚焦电动汽车、数字健康、机器人三大核心产业，巩固 人工智能、半导体、新世代通信三大技术基础。通过AI横向贯通各个行业，用自研芯片促进电动汽 车发展；以半导体代工技术为智能诊断背书，增强数字健康信心；全球生产基地共同推动机器人自 动化进程。跨领域的战略协同，共同推动Foxconn从供应商向垂直整合科技赋能者转型。 AI智造与智慧城市双轨驱动 80%自动化率目标 Foxconn宣布通过AI、数字孪生与信息物理系统深度融合，计划将全球制造基地自动化率提升至 80%，人力参与度压缩至20%。这一企划与其智慧城市战略相契合：以AI驱动城市交通、能源管理 与联网车辆等多元应用。AI作为中枢神经，不仅能提升工厂效率，还能更灵活地协调可扩展的城市 交通生态系统。 分析师观点 Counterpoint Research研究副总监Liz Lee 表示："Foxconn正从硬件代工工厂转型为全方位AI与数 位平台整合者。将"3+3"多元化战略与深度AI相结合，从芯片设计到机器人技术再到智慧出行，结 合政府合作与企业内部技术整合，Foxconn正在巩固贯穿全产业链的能力，将制造韧性 ...

Core Viewpoint - GlobalFoundries (GF) reported a 2% year-over-year revenue growth in Q1 2025, reaching $1.59 billion, driven by contributions from communication infrastructure, data centers, home and industrial IoT, and automotive sectors [2][9]. Revenue Performance - Q1 2025 revenue growth was primarily supported by the automotive sector, which saw a 16% increase due to higher semiconductor content in vehicles and new design wins from key OEM customers [9][12]. - The communication infrastructure and data center segment experienced a significant 45% year-over-year revenue growth, fueled by increased investments in data centers and new design wins in satellite communications [12]. - The smart mobile devices segment faced a 14% decline in revenue year-over-year due to seasonal factors and customer inventory buildup, but is expected to recover with new design wins in audio, haptics, and display applications [12]. Strategic Initiatives - GF's COO emphasized the importance of manufacturing scale and technology diversification, with over $7 billion invested in facilities in the U.S., Germany, and Singapore since 2021 [2][3]. - Analysts noted that GF's diversified supply chain and global manufacturing footprint will help mitigate tariff impacts and provide customers with more options during macroeconomic uncertainties [3][4]. Future Outlook - The automotive and communication infrastructure sectors are projected to be the main revenue growth drivers in 2025, with expectations of double-digit growth in automotive due to market share gains and new design wins [12][14]. - The average selling price (ASP) is anticipated to decline in the mid-single digits percentage range in 2025 due to product mix changes [4][12]. - GF's gross margin is expected to improve to 30% in 2025, supported by enhanced capacity utilization, reduced depreciation costs, and structural cost optimization from diversified manufacturing and product line expansion [14].

Core Viewpoint - The global high-end smartphone SoC market is projected to grow by 34% year-on-year in 2024, driven by strong consumer preference for high-end models and improvements in average selling prices (ASP) [1][4]. Market Trends and Uncertainties - The high-end smartphone SoC revenue growth is attributed to increased demand for high-end models and advancements in AI performance platforms [4]. - Qualcomm maintains market dominance with a 6% annual growth rate, despite losing some market share to Exynos chips in the Samsung Galaxy S24 series, with a recovery expected in 2025 due to the Galaxy S25 series [4]. - Samsung's Exynos chips have quadrupled revenue in the Galaxy S/A series, but a potential decline is anticipated in 2025, indicating instability in the Exynos technology route [4]. - HiSilicon has made a strong comeback in the Chinese high-end market, capturing a 12% revenue share in 2024, supported by deep integration with the HarmonyOS and a loyal user base [4]. - Media Tek's high-end smartphone SoC revenue nearly doubled, benefiting from the market performance of the Dimensity 9300 series and the launch of the Dimensity 9400 [4]. Analyst Insights - The high-end smartphone SoC segment contributed 52% of total Android smartphone SoC revenue in 2024, with intensified competition due to HiSilicon's return and Media Tek's accelerated expansion [6]. - Qualcomm's continued dominance is supported by collaborations with Samsung and Chinese smartphone manufacturers, while Media Tek's growth is primarily focused on the Chinese market, leveraging partnerships with brands like vivo and OPPO [6][7]. - Samsung's high-end product revenue saw a fourfold increase in 2024, largely due to the Galaxy S24 series, but may face a decline in 2025 due to the Galaxy S25 series not using in-house chips [7][9]. - HiSilicon's market performance is bolstered by the Pura 70 and Mate 70 series, with expectations to maintain the third position in the Android high-end market revenue share in 2025 [7][9].

动，部分未被充分跟踪的桌面渠道产品亦提供支撑。鉴于上半年开局强劲，公司预计下半年增速将 有所放缓，因此传统季节性趋势可能不再适用。 库存与销售成本（COGS）比率从2024年Q4的1.52攀升至2025年第一季度的1.73。库存积压可能导致 持续降价压力及毛利率下滑。 在笔记本市场，AMD指出本季度基于AMD处理器的笔记本实际销售表现非常亮眼。从新一代AI PC 处理器的销量攀升能看出需求旺盛，环比增长超过50%。首批搭载全新高端锐龙AI Max Plus处理器 的笔记本以及首款主流锐龙AI 7和5 300系列处理器的产品上市后收获高度好评。 AMD同时指出，本季度搭载AMD处理器的商用PC需求很大。锐龙Pro商用PC实际销量同比增长超 过30%，主要得益于新的终端客户订单，还有HP、Lenovo、Dell和Asus等厂商基于AMD方案的商用 系统数量较2024年增长80%。本季度AMD在汽车、能源、医疗、金融服务及电信行业头部企业斩获 多个订单。纵观PC市场全局，AMD对2025年客户端处理器收入增长远超行业平均水平充满信心， 驱动力来自桌面渠道的拓宽、消费级与商用笔记本产品组合的扩展以及产品结构持续优化。 ...