算力产业量质齐升 寒武纪持续发力智能芯片领域

Industry Overview - As of June 2025, China's operational computing center standard racks reached 10.85 million, with intelligent computing power scaling up to 788 EFLOPS, and the number of 400G trunk ports significantly increased to 14,060, indicating a robust growth in the computing power infrastructure [1] - The average Power Usage Effectiveness (PUE) of national computing centers has decreased to 1.42, reflecting improvements in energy efficiency [1] - The intelligent chip sector is gaining attention as it is designed specifically for artificial intelligence applications, providing essential computing power and supporting various intelligent processing tasks [1] Company Spotlight: Cambrian - Cambrian, a globally recognized emerging company in the intelligent chip field, has achieved profitability for three consecutive quarters as of June 2025, driven by market expansion and support for AI application implementation [2] - Since its establishment in March 2016, Cambrian has rapidly industrialized its technology, launching a series of intelligent processors and cloud-edge integrated products, forming an initial product matrix [2] - The company has accumulated significant technological expertise through long-term R&D investments, enabling it to offer a series of intelligent chip products and platform-based foundational software [2] Future Developments - The ongoing evolution of large model technology and the increasing intelligence of algorithm models are driving new demands for upgrades in intelligent computing hardware [3] - The company plans to accelerate the development of a series of chips tailored to diverse large model task scenarios, including chips for large model training, large language model inference, multimodal inference, and exchange chips [3] - A software platform will be established to support large model needs, featuring a flexible compilation system, training platform, and inference platform to enhance the usability and adaptability of intelligent chips [3]