news flash·2025-05-14 00:12Core Viewpoint - The report from China Galaxy Securities highlights the strong performance of the electronic industry in the first quarter, driven by AI infrastructure construction and related hardware, indicating a positive outlook for the integration of AI into the electronic ecosystem and the ongoing hardware updates and iterations [1] Group 1: AI Infrastructure and Hardware - The AI infrastructure construction has led to high growth in related hardware sectors such as AI computing power, edge-side SoC, and PCB [1] - The integration of AI is expected to reshape the electronic industry ecosystem, promoting continuous updates and iterations of related hardware [1] Group 2: Consumer Electronics - The consumer electronics sector has shown resilience during the off-season, supported by national subsidy policies, with the Apple supply chain demonstrating stable growth [1] - Future innovations in the industry, including liquid metal, AI glasses, and optical innovations, are anticipated to further enhance the performance of the related supply chain [1] Group 3: Components Sector - The components sector experienced strong demand in the first quarter due to downstream policy subsidies, maintaining stability into the second quarter [1] - The overall supply-demand balance remains stable for components such as panels, LEDs, and passive components, with leading companies demonstrating robust operations [1]