Core Viewpoint - Wuhu, a city in the Yangtze River Delta, is emerging as a global technology hub with the establishment of the "China Digital Island," a key part of the national "East Data West Computing" project, which aims to enhance AI computing capabilities [1][2]. Group 1: Industrial Strength Supporting Computing Infrastructure - The "China Digital Island" is backed by Wuhu's long-standing industrial strength, particularly in the low-altitude economy, where it has developed a complete industrial ecosystem over 12 years [4][5]. - By 2025, Wuhu has gathered nearly 200 companies in the low-altitude economy sector, achieving a revenue of 46.38 billion yuan in 2024, reflecting a year-on-year growth of 15.95% [6]. - Wuhu's low-altitude equipment has entered international markets, exemplified by a $1 billion procurement agreement with UAE's Autocraft for 350 eVTOL air taxis, positioning Wuhu as a global production center for low-altitude equipment [9]. - The automotive industry, led by Chery, provides a solid demand foundation for computing development, with smart vehicles driving the need for low-latency data processing [10]. Group 2: Opportunities for AI Industry in Anhui - The large-scale construction of the "China Digital Island" is set to transform Anhui's computing distribution, enabling local demand to be met locally and creating a surplus of computing resources [13]. - Wuhu's centralized scheduling platform for computing resources is the only provincial-level platform, enhancing efficiency and preventing redundant investments in other cities [16]. - The presence of major companies like Huawei and China Telecom in Wuhu is fostering the growth of supporting industries, creating a "leading enterprise + local support" model for AI hardware manufacturing [16]. - The integration of computing infrastructure with local industries is expected to enhance the application of AI technologies in smart manufacturing and urban governance [17]. Group 3: Future Prospects - Wuhu is on a transformative path from an industrial hub to a computing city, positioning itself as a strategic point for the rise of the AI industry in Anhui [20]. - The convergence of low-altitude economy, smart vehicles, and computing capabilities may establish Wuhu as a benchmark for computing economy and AI innovation in the Yangtze River Delta and nationwide [20][21].

Investment Rating - The industry investment rating is "Positive" [4][19] Core Views - The telecommunications industry is benefiting from the ongoing Digital China strategy, leading to stable growth in overall business for operators, with innovative services experiencing higher growth rates and increasing proportions [2] - The AI computing power sector continues to thrive globally, with significant investments from major companies, indicating a rapid growth period for domestic computing power targets [4] - New growth drivers such as satellite internet are injecting new momentum into the industry, providing additional performance elasticity [4] Summary by Relevant Sections Telecom Operators - China Mobile is expected to report Q3 revenue of CNY 245.1 billion to CNY 246 billion, a year-on-year growth of 0.2% to 0.5%, with net profit of CNY 32.1 billion to CNY 32.4 billion, a growth of 4.6% to 5.6% [2][16] - China Telecom is projected to achieve Q3 revenue of CNY 127.2 billion to CNY 128.5 billion, a growth of 1% to 2%, with net profit of CNY 7.75 billion to CNY 8.05 billion, a growth of 3.5% to 7.5% [2][16] - China Unicom's Q3 revenue is expected to be CNY 93.7 billion to CNY 94.6 billion, with a growth of 1% to 2%, and net profit of CNY 2.41 billion to CNY 2.49 billion, a growth of 4.8% to 8.3% [3][16] - China Tower is anticipated to report Q3 revenue of CNY 24.9 billion to CNY 25.2 billion, a growth of 2.9% to 4.1%, with net profit of CNY 2.97 billion to CNY 3.05 billion, a growth of 5.2% to 8% [3][16] AI and Network Connectivity - The AI optical module sector is experiencing significant growth, with companies like Zhongji Xuchuang expected to report Q3 revenue of CNY 8.9 billion to CNY 9.6 billion, a growth of 37% to 47%, and net profit of CNY 2.9 billion to CNY 3.2 billion, a growth of 108% to 130% [4][16] - Tianfu Communication is projected to achieve Q3 revenue of CNY 1.8 billion to CNY 2.1 billion, a growth of 115% to 150%, with net profit of CNY 650 million to CNY 750 million, a growth of 102% to 133% [5][16] AI Applications and Data Centers - AI server demand is rapidly increasing, with ZTE expected to report Q3 revenue of CNY 31 billion to CNY 32 billion, a growth of 12% to 16%, and net profit of CNY 1.95 billion to CNY 2.1 billion, a decrease of 3% to 10% [7][16] - The AIDC sector is also growing, with Keda Data expected to report Q3 revenue of CNY 24 billion to CNY 27 billion, a growth of 44% to 62%, and net profit of CNY 180 million to CNY 230 million, a growth of 1347% to 1748% [8][16] Satellite Internet and Military Communication - The military communication sector is expected to see increased investment due to regional tensions, with companies like Zhenlei Technology projected to report Q3 revenue of CNY 150 million to CNY 160 million, a growth of 125% to 141%, and net profit of CNY 45 million to CNY 50 million, a growth of 409% to 466% [10][16]

（全球TMT2025年10月11日讯）今日要点：中国对高通启动反垄断调查；字节跳动创始人张一鸣近年首次公开亮相；字节跳动宣布新的员工 补贴政策；滴滴自动驾驶获得D轮20亿元融资；英特尔新厂开始量产美国制造最先进芯片；OpenAI在阿根廷推进数据中心项目。 中国对高通启动反垄断调查 因高通公司(Qualcomm)收购Autotalks公司未依法申报经营者集中，涉嫌违反《中华人民共和国反垄断法》，市场监管总局依法对高通公司开展 立案调查。对此，高通公司回应称，我们正积极配合中国国家市场监督管理总局的有关调查。高通公司一直致力于支持我们的客户与合作伙伴 的发展与增长。 字节跳动创始人张一鸣近年首次公开亮相 字节跳动创始人张一鸣近年来首次公开亮相，现身上海徐汇知春创新中心。10月9日，由字节跳动创始人张一鸣、上海交通大学ACM班创始人 俞勇教授共同发起的上海徐汇知春创新中心正式开业。作为民办非营利性机构，该中心计划招聘对泛计算机和人工智能感兴趣的年轻人，从预 备研究员做起。张一鸣在现场发言中提到，创新中心希望培养思维活跃、有热情和韧性的人才，核心是独立思考和重视实践，关注长期和全 局，在探索中学习，保持平常心，放松自 ...

格隆汇10月10日丨中国联通(00762.HK)发布公告，公司将于2025年10月22日(星期三)举行董事会会议， 旨在(其中包括)批准本公司及其附属公司截至2025年9月30日止九个月期间的财务业绩。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因依賴該等內 容而引致之任何損失承擔任何責任。 CHINA UNICOM (HONG KONG) LIMITED 中國聯合網絡通信(香港)股份有限公司 （在香港註冊成立之有限公司） （股份代號： 762） 董事會會議通知 茲通告中國聯合網絡通信(香港)股份有限公司(「本公司」)將於2025年10月22日(星期三) 舉行董事會會議，旨在(其中包括)批准本公司及其附屬公司截至2025年9月30日止九個月 期間之財務業績。 承董事會命 中國聯合網絡通信(香港)股份有限公司 陳雅慧 公司秘書 香港，2025 年 10 月 10 日 於本公告日期，本公司之董事會由以下人士組成： 執行董事： 陳忠岳、簡勤、唐永博及李玉焯 獨立非執行董事： 張永霖、鍾瑞明、羅范椒芬及范駿華 ...

iPhone Air与iPhone 17系列一同在9月10日发布，这款手机机身厚度仅5.6毫米，被称为史上最薄的 iPhone，同时该产品取消了实体SIM卡槽，全球统一采用eSIM。 当时苹果在发布新品时，曾提到iPhone Air采用eSIM设计以节省内部空间，已经得到全球超过500家运 营商的支持，其中特别提到了"中国联通"。与此同时，苹果店员也透露，iPhone Air将在9月19日在国内 上市，并且可以直接在店内办理联通eSIM卡。 （文/观察者网 吕栋 编辑/张广凯） 距离发布已经过去一个月，"最薄iPhone"在内地上市仍没有时间表。 10月9日，观察者网在上海某苹果授权专营店了解到，iPhone Air仍然没有上市，并且苹果官方没有告知 上市的具体时间。该店工作人员表示，是因为运营商eSIM的支持问题。 eSIM就是虚拟的SIM卡。它有一定优势，比如可以节省机内的空间，也能适应恶劣的工作环境。但也存 在劣势，不利于实名制管理和信息安全，甚至可能导致数据泄露和电信诈骗。 耐人寻味的是，eSIM同样会加剧国内运营商之间的博弈。"对运营商而言，eSIM减少了办卡、补卡等业 务场景中的用户触点及相关收入 ...

伴随着互联网和移动支付的普及，电信网络诈骗的手段和形式不断翻新，近年来虚假投资理财类诈骗案 件呈现居高不下的态势。广东联通经过对近期高危小众社交软件异常特征的深入分析和研判，构建高危 投资理财类预警模型，协助公安机关精准阻断一起特大投资诈骗案，全力守好人民群众的钱袋子。 近日，该模型精准预警联通手机用户疑似受到虚假投资理财类诈骗，广东联通第一时间向本地反诈中心 发出受害风险预警。公安机关经综合研判、判定为高危预警，反诈民警随即联动上门劝阻，现场拦截现 金上百万元，成功避免一起巨额虚假投资类诈骗案件发生。经对类似案件的分析，诈骗分子冒充证券客 服，谎称投资股票有千万元以上投资收益，但需要先购买等值翡翠、黄金或线下将现金交给第三方进行 验资后，受害人多对此类话术深信不疑，一般会追加账户剩余资产进行"验资投资"，从而造成二次巨额 损失。本案实际挽回潜在损失超千万元，省反诈中心对广东联通此次精准预警给予高度赞扬。 此次成功拦截，有力彰显了广东联通在反诈工作中的技术能力与责任担当。今年以来，广东联通共向公 安部门推送超28万条预警线索，日预警用户达1300余个，累计挽回人民财产损失超4000万元。广东联通 将持续深化技 ...

Group 1 - The Nobel Prize in Physics for 2025 was awarded to three physicists for their groundbreaking contributions in quantum mechanics, leading to increased market interest in related sectors such as nuclear fusion, superconductivity, and quantum technology [1] - Over 80 quantum technology concept stocks are listed in the A-share market, with companies like ZTE Corporation, State Grid NARI, Inspur, China Unicom, and iFlytek having market capitalizations exceeding 100 billion yuan [1] - Among the stocks rated by more than three institutions, 29 have been investigated by institutions since July, with Guandian Measurement and State Grid NARI receiving three investigations each, while Silver Wheel Shares, iFlytek, Tianrongxin, and Qimingxingchen received two investigations each [1] Group 2 - The table lists quantum technology concept stocks with various metrics, including the number of rating institutions, market capitalization in billions, and year-to-date price changes [2] - Notable stocks include: - Shenji Measurement with 10 rating institutions and a market cap of 10.924 billion yuan, showing a year-to-date increase of 17.76% [2] - State Grid NARI with 8 rating institutions and a market cap of 21.187 billion yuan, experiencing a year-to-date decline of 5.73% [2] - Silver Wheel Shares with 31 rating institutions and a market cap of 34.527 billion yuan, showing a significant year-to-date increase of 121.98% [2] - Other companies like iFlytek and China Unicom also have substantial market capitalizations and varying performance metrics [2]

"千里眼管田" 打工种地两不误 "以前种玉米，最怕病虫害找上门。有时候叶子发黄，分不清是缺水还是生虫，等折腾明白，庄稼早就 受了损。现在有了'AI植保员'，手机一拍就知道问题在哪，按'药方'防治，今年玉米亩产比去年多了近 200斤！"村民迟凤娇拿着刚收割的玉米，脸上满是丰收的喜悦。 在智慧大田的赋能下，李家村的农田仿佛装上了"天眼"和"触手"，农作物病虫害识别效率较传统人工提 升了10倍以上。依托黑龙江联通联合中国农业大学研发的"农业病虫害防治智能体"，以及田间部署的气 象站、虫情测报仪、智能灌溉阀门等物联网设备，农户可实时掌握作物生长状态：土壤墒情不足时，智 能灌溉系统自动补水；虫情测报仪监测到害虫踪迹，系统会第一时间推送防治建议。数据显示，智慧大 田覆盖区域的农作物化肥、农药使用量减少了15%～20%，农产品优质率提升至95%以上，既降低了农 户的种植成本，又保障了农产品的生态安全。 更让村民们拍手称快的是，"千里眼管田"成为了现实。即便远在他乡打工，点开手机APP，自家田地的 苗情、墒情便一目了然。指尖轻触，灌溉设备应声启动。"农忙时节再也不用火急火燎往回赶了！"村民 李建国的话语里透着轻松，"手机上点 ...

Core Insights - The rapid advancement of domestic computing chips is complemented by positive developments in general-purpose processors in China [1] - Major procurement announcements from Industrial and Commercial Bank of China (ICBC) and China Unicom indicate a significant shift towards domestic CPU usage in server procurement [1][6] - The overall market for intelligent computing is expected to grow substantially, with projections indicating that by 2027, intelligent computing power in China will reach 1117 EFLOPS [1][9] Group 1: Procurement Announcements - ICBC announced a procurement of Haiguang chips with a total value of approximately 3 billion yuan, with candidates including Inspur, ZTE, and Lenovo [1] - China Unicom's procurement project has a budget exceeding 7.9 billion yuan, with a significant portion allocated for domestic general-purpose processors [1] - The procurement data shows that over 90% of the servers will use domestic CPUs, with Haiguang and Kunpeng CPUs being the most utilized [3][4] Group 2: Market Trends and Projections - The share of domestic chip servers has increased to 90.1%, a significant rise from around 40% in previous years [4] - The demand for server CPUs is expected to grow, with projections indicating that by 2028, the demand for data center servers will reach 13.99 million units, with a compound annual growth rate of 6% from 2024 to 2028 [7] - The domestic server CPU market is rapidly evolving, with X86 architecture still dominating but Arm architecture gaining market share [8][9] Group 3: Domestic CPU Development - Domestic CPUs such as Haiguang, Kunpeng, and Alibaba's Xuantie are rapidly developing, with a notable increase in market presence [8] - The domestic CPU localization rate has risen from 0% in 2018 to 36% in 2023, with expectations to reach 85% by 2028 due to policy support and technological advancements [9] - The current landscape shows a strong push towards domestic solutions in the server CPU market, driven by both demand and government initiatives [9]