Core Viewpoint - The demand for Chiplet architecture is increasing due to advancements in cloud computing, high-performance computing (HPC), and artificial intelligence (AI), alongside rising technical challenges and costs in semiconductor design and manufacturing [1][3]. Group 1: UCIe Alliance and Standards - The Universal Chiplet Interconnect Express (UCIe) Alliance was established in 2022 by major semiconductor companies and cloud service providers to create standardized interconnect specifications for Chiplets, enhancing flexibility, efficiency, and customization [1]. - UCIe 3.0 was recently launched, featuring enhancements in power efficiency and management while maintaining backward compatibility, and it supports data rates of 48 GT/s and 64 GT/s, doubling the bandwidth of the previous UCIe 2.0 [3][5]. Group 2: Performance and Applications - The performance improvements in UCIe 3.0 are particularly aimed at meeting the "insatiable demand for high bandwidth" in rapidly expanding fields such as AI, HPC, and data analytics, where interconnect boundary lengths are limited [3][5]. - The new data rates apply to both UCIe-S (2D standard packaging) and UCIe-A (2.5D advanced packaging) designs, addressing the need for higher throughput within constrained interconnect boundaries [5][9]. Group 3: Technical Specifications - UCIe 3.0 introduces new data rates of 48 GT/s and 64 GT/s, with specific characteristics for UCIe-S and UCIe-A, including bandwidth density and power efficiency targets [9]. - The standard maintains backward compatibility to ensure seamless integration with existing systems and infrastructure, allowing for a smooth transition for system designers and developers [7][9]. Group 4: Broader Implications - The Chiplet architecture is becoming ubiquitous across various sectors, including mobile devices, PCs, and automotive applications, with UCIe expected to cover a complete computing continuum from handheld devices to data centers [10]. - UCIe 3.0 also includes improvements such as runtime recalibration for low-power link tuning and more flexible Session Initiation Protocol (SIP) topologies, enhancing its applicability in new interconnect scenarios [10].

Core Viewpoint - Qualcomm's vision for Wi-Fi 8 focuses on reliability and aims to address issues such as packet loss and connection delays, with a projected launch in 2028 [2][9]. Group 1: Design Philosophy - Qualcomm engineers propose a structural shift in designing standards around degraded conditions rather than optimal ones, targeting a 25% improvement in actual throughput under poor signal quality, interference, or at the network edge [3]. - The approach emphasizes coordination among access points rather than treating them as isolated entities, allowing for shared scheduling of transmissions and improved coverage management [3]. Group 2: Technical Enhancements - New features include Coordinated Space Reuse (Co-SR) and Coordinated Beamforming (Co-BF), which enhance signal quality and coverage while reducing interference, potentially increasing throughput by 15% to 59% depending on deployment density [4]. - Wi-Fi 8 introduces a more refined Modulation and Coding Scheme (MCS) that smooths performance transitions, improving spectrum efficiency during coverage degradation or roaming [6]. - Non-Primary Channel Access (NPCA) allows devices to utilize secondary channels when primary channels are congested, enhancing spectrum efficiency in dense environments [7]. Group 3: Standardization Progress - The draft for Wi-Fi 8 specification 1.0 is expected to be released in Q3 2025, with the Wi-Fi Alliance certification program aiming for January 2028 and final IEEE approval anticipated by mid-2028 [9]. - Unlike previous standards, Wi-Fi 8 is designed as a single-version specification, meaning all core functionalities will be released simultaneously, including mandatory features like coordinated frameworks and seamless roaming logic [11]. - The development process has received over 6,000 technical contributions, focusing on throughput, reliability, connectivity, and future modulation technologies [11].

Core Viewpoint - Wi-Fi 8 is being defined to ensure reliable performance in complex environments, even under network congestion and interference, aiming to provide excellent connectivity [1][3]. Group 1: Wi-Fi 8 Features and Standards - Wi-Fi standards are developed by a global team of engineers and technical experts within the IEEE 802.11 framework, with multiple tech companies actively participating in the Wi-Fi 8 standardization process [3]. - The current Wi-Fi performance metrics can achieve multi-gigabit throughput, latency below 10 milliseconds, and a packet loss rate of less than 0.1%. Wi-Fi 8 aims to surpass Wi-Fi 7 and achieve quantifiable performance improvements in challenging scenarios [3][5]. - Wi-Fi 8 is expected to serve as a foundational connectivity base for a thriving ecosystem, introducing new features during the 802.11bn standardization process [5][7]. Group 2: Development Timeline and Future Impact - The 802.11bn standard is a collaborative effort within the 802.11 working group, which is making steady progress and has reached a high level of consensus on most new standard content. Wi-Fi Alliance certification is expected in January 2028, with final approval from the working group in March [11]. - The 802.11bn working group will continue to refine and finalize the foundational standards for the future Wi-Fi 8 generation, which is anticipated to be applied to billions of devices over the next decade [11].

骁龙主题馆作为每年Chinajoy最火爆的场馆之一，成为了我们数码科技爱好者必打卡的场馆，这里有各 大品牌基于骁龙芯片打造的各种数码科技产品吸引大家前去体验，而今年，似乎又有些特别，今天就跟 我一起逛逛2025ChinaJoy骁龙主题馆吧。 ...

Core Viewpoint - The article highlights a significant downturn in the U.S. stock market, driven by disappointing service sector data, raising concerns about the economic outlook and potential market corrections [2][5][10]. Group 1: Market Performance - U.S. stock indices experienced a decline, with the Dow Jones dropping approximately 100 points and both the Nasdaq and S&P 500 falling around 0.5% [2]. - Technology stocks collectively fell, with notable declines in companies such as ARM (-2.83%), TSMC (-2.78%), and Nvidia (-1.73%) [4]. Group 2: Service Sector Data - The ISM services index showed almost zero growth in July, indicating stagnation and raising concerns about stagflation, characterized by high inflation and low employment [5]. - The services sector, which constitutes about 70% of the U.S. economy, is showing signs of slowdown, with the services index dropping to 50.1, below economists' expectations [5]. - The employment index fell to 46.4, marking its fourth contraction in five months and reaching one of the lowest levels since the pandemic [5]. Group 3: Economic Concerns - Businesses are facing challenges from high tariffs, cautious consumer behavior, and uncertainties stemming from former President Trump's policies [6]. - The new orders index decreased to 50.3, nearing stagnation, while 11 service industries reported growth, and 7 experienced contraction, with the largest decline in accommodation and food services [7]. Group 4: Market Predictions - Major Wall Street firms, including Morgan Stanley and Deutsche Bank, are warning investors to prepare for potential market corrections, with predictions of a 10% to 15% decline in the S&P 500 in the coming weeks [10][11]. - The S&P 500's relative strength index (RSI) reached 76, indicating overbought conditions, and historical data suggests that August and September are typically weak months for the index [11].

商络电子（300975.SZ）8月5日在投资者互动平台表示，公司代理销售高通（Qualcomm）旗下RF360品 牌的射频器件。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：董秘您好，我看到公司官网授权代销伙伴里面有高 通，能具体介绍下相关事宜吗？ ...

格隆汇8月5日丨商络电子(300975.SZ)于投资者互动平台表示，公司代理销售高通(Qualcomm)旗下RF360 品牌的射频器件。 ...

Qualcomm Company Conference Call Summary Industry and Company Overview - The conference call pertains to Qualcomm, a leading semiconductor and telecommunications equipment company, focusing on mobile technology, IoT, automotive, and data center solutions. Key Financial Highlights - Qualcomm reported third-quarter revenue of $10.4 billion, with a non-GAAP EPS of $2.77, nearing the high end of guidance [2][3] - QCT revenue reached $9 billion, marking an 11% year-over-year increase, with an EBT margin of 30% [2][14] - Mobile business revenue grew by 7% to $6.3 billion, IoT revenue increased by 24% to $1.7 billion, and automotive revenue rose by 21% to $984 million [2][14] - Fourth-quarter revenue is projected to be between $10.3 billion and $11.1 billion, with EPS expected between $2.75 and $2.95 [2][14] - For fiscal year 2025, Qualcomm anticipates a revenue growth of 12% and a non-GAAP EPS growth of 16% [2][14] Business Segment Performance - QCT non-Apple business has achieved over 15% year-over-year growth for the second consecutive year, with IoT and automotive businesses expected to grow approximately 20% and 35%, respectively [2][14] - Qualcomm has made significant strides in the PC market, capturing about 9% of the retail market share for Windows laptops priced over $1,000 in the U.S. and five major European countries [2][6] Strategic Developments - Qualcomm is developing AI inference acceleration cards and custom system chips for data centers, enhancing its capabilities in this sector [4][8] - The acquisition of Alpha Wave IP Group Plc is expected to be completed in Q1 2026, aimed at bolstering wired connectivity and data center computing technology [4][8] - Qualcomm has signed a multi-year agreement with Samsung, establishing a new share benchmark of approximately 75% [4][19] Market Trends and Future Outlook - Qualcomm sees strong growth opportunities in personal AI devices, which are expected to evolve independently from the smartphone ecosystem [9][10] - The company is optimistic about the future of AI, particularly generative AI, which is creating new opportunities across all business segments [9][10] - The physical AI market, especially in robotics, is projected to reach a total market size of $1 trillion over the next decade, aligning with Qualcomm's technological strengths [12] Competitive Landscape - Qualcomm maintains a strong position in the Chinese market, having signed a multi-year agreement with Xiaomi, which will utilize Qualcomm's chips in flagship devices [20] - Despite competition from Samsung's own processors, Qualcomm's Android business is expected to grow by about 10% between fiscal years 2020 and 2025 [19][20] Challenges and Risk Management - Qualcomm has managed to maintain a healthy operating margin of nearly 30% despite fluctuations in Apple-related revenues [20][21] - The company is focused on managing operational expenses carefully, especially post-acquisition of Alpha Wave, to ensure positive impacts on revenue and EPS [18][21] Conclusion - Qualcomm's robust financial performance, strategic acquisitions, and focus on emerging technologies position it well for future growth in various sectors, including automotive, IoT, and data centers, while navigating competitive challenges effectively [2][4][21]

Market Performance - The main board led the gains with notable increases in stocks such as Furi Electronics (+10.04%), Beiwai Technology (+10.03%), and Liding Optoelectronics (+10.00%) [1] - The ChiNext board saw significant growth, highlighted by Longyang Electronics (+20.00%) and Jinxi Modern (+19.96%) [1] - The Sci-Tech Innovation board also performed well, with Dongxin Co. (+20.00%) and Xunjiexing (+15.81%) leading the way [1] - Active sub-industries included SW Military Electronics III (+3.42%) and SW Robotics (+3.42%) [1] Domestic News - ZhiGe Technology, an AR glasses optical manufacturer, recently completed a financing round of over 100 million yuan, establishing China's first fully automated mass production line for diffractive waveguides with a monthly capacity of 100,000 pieces [1] - Semiconductor investment alliance member, Saiwei Electronics, announced that its subsidiary, Silex, has received a purchase order for a MEMS silicon oscillator after passing customer validation [1] - TSMC has begun equipment installation for its second 2nm plant in Kaohsiung, expected to enter trial production by the end of this year [1] - He Sheng New Materials announced a 250 million yuan investment in Yizhi Electronics, acquiring a 10% stake in the company, which specializes in high-end server CPU chip design [1] Company Announcements - Aohai Technology reported the repurchase of 534,100 shares, representing 0.19% of its total share capital [3] - Sanhuan Group announced the repurchase of 5,133,800 shares, accounting for 0.2679% of its total share capital [3] - OmniVision Technologies projected its H1 2025 revenue to be between 13.722 billion yuan and 14.022 billion yuan, reflecting a year-on-year increase of 13.49% to 15.97% [3] - Industrial Fulian reported a total repurchase of 7,697,400 shares, which is 0.04% of its total share capital [3] Overseas News - TrendForce predicts that major memory suppliers in South Korea and the U.S. will significantly reduce or halt production of LPDDR4X in 2025 and 2026, leading to supply-demand imbalances [1] - Samsung Electronics made a strategic investment in Israeli startup Teramount Ltd. to secure critical high-speed data transmission technology for next-generation semiconductor packaging [1] - Meta announced plans to dispose of certain data center assets valued at $2.04 billion, reclassifying them as "held for sale" [1] - Qualcomm reported Q3 FY2025 revenue of $10.4 billion, a 10% year-on-year increase, with net profit of $2.666 billion, up 25% year-on-year, driven by strong performance in automotive and IoT sectors [1]

众所周知，无论对于手机、还是电脑行业来说，"游戏"如今都已经成为了推动技术进步，促进硬件更新换 代的重要因素之一。 但如果大家有关注过这两个群体就会发现，Ta们之间很多时候并不完全重合。非但如此，在电脑游戏玩家 的群体里，还会有一些对手游玩家不屑一顾的观点。 互联网上流传的段子 平心而论，这些段子并不一定就是刻意编造的"反串"内容，因为客观来说，在如今这个手机、平板高度普 及，且操作极度简化的时代，有些重度手机用户确实可能严重缺乏电脑软硬件的基本常识。再加上手机行 业的宣发确实要比电脑行业更"用力"，所以部分用户被灌输了错误的观念自然也就并不令人感到惊讶。 然而"在手机上玩电脑游戏"真的就只是个段子吗？从最近的一些行业动向来看，情况似乎开始发生了一些 变化。 红魔10S Pro+能用模拟器将《生化危机3重制版》较为流畅地运行 比如前段时间我们三易生活先后评测了红魔10S Pro+、红魔电竞平板3 PRO这两款专业的硬核向游戏设 备，它们最大的亮点之一就是都出厂搭载了PC模拟器，直接就支持在手机上运行一些电脑上的游戏。而且 从我们的实测来看，实际效果还相当不错，基本能确保在全高画质720P分辨率下，跑到足够可玩 ...