WINGTECH(SH:600745) Jin Rong Jie·2025-03-24 08:19Core Insights - The company has significant technological reserves in the AI sector, particularly in semiconductor products that are applicable to AI infrastructure such as data centers and servers [1][2] - The demand for the company's semiconductor products is notably driven by the growth in AI applications, with a projected rapid increase in sales in the first half of 2024 [1] - The value of MOSFET products used in AI servers is approximately ten times that of those used in non-AI servers, indicating a substantial market opportunity [2] Semiconductor Business Growth - The company's semiconductor business is expected to see a year-on-year growth of nearly 30% and a quarter-on-quarter growth of nearly 20% in the computer equipment sector, including PCs, servers, and data centers by Q3 2024 [1] - There is a strong demand for specialized MOSFETs and protective devices used in server hot-swapping and soft-start applications, particularly in AI servers [2] Future Focus - The company is actively exploring the application of third-generation semiconductor products such as GaN and SiC in future server power supply upgrades, in response to increasing power density of AI chips and cabinets [1]