芯原股份爆单，验证国产AI芯片进入“流片潮” ，抢占逾万亿市场空间

Core Viewpoint - The significant increase in orders for Chip Origin Co., Ltd. reflects the growing demand for AI chip design services driven by domestic policy support and the acceleration of computing power construction [1][2] Group 1: Company Performance - Chip Origin Co., Ltd. announced new orders amounting to 2.494 billion yuan from October 1 to December 25, 2025, representing a substantial increase of 129.94% compared to the same period last year and a further growth of 56.54% from the previous quarter, achieving a historical high for a single quarter [1] - The rise in orders is indicative of heightened activity in the AI chip design sector, driven by both the acceleration of domestic substitution and the demand for computing power [1] Group 2: Industry Trends - The Chinese AI chip market is projected to grow from 142.537 billion yuan in 2024 to 1,336.792 billion yuan by 2029, indicating a vast market opportunity for domestic AI chip manufacturers [1] - Domestic policies are increasingly supporting the substitution of chips, with significant investments such as the National Integrated Circuit Industry Investment Fund Phase III, which has a registered capital of 344 billion yuan, aimed at overcoming critical challenges in the industry [1] - Major domestic AI chip manufacturers, including Huawei Ascend, Cambricon, and others, are developing their ecosystems, highlighting the competitive landscape in the AI chip sector [1][2]