AI算力自主可控的全景蓝图与投资机遇

Core Viewpoint - The semiconductor industry, particularly the AI chip market in China, is projected to experience significant growth, with the market size expected to surge from 142.54 billion yuan in 2024 to 1,336.79 billion yuan by 2029, driven by government support and technological advancements in the domestic AI industry chain [1][2]. Group 1: Market Growth and Opportunities - The AI chip market in China is forecasted to grow from 1,425.37 billion yuan in 2024 to 13,367.92 billion yuan by 2029, indicating a substantial increase in market size [1][2]. - The growth is attributed to strong government policies and the maturation of key technological segments within the domestic AI industry chain, presenting critical development opportunities for local AI chip manufacturers [1][2]. Group 2: Policy Environment - In October 2022, the U.S. implemented export bans on high-end AI chips such as A100 and H100, which has led to ongoing restrictions on China's AI chip manufacturing capabilities [2]. - The Chinese government has raised concerns regarding security risks associated with NVIDIA's H20 computing chip, emphasizing the necessity for self-sufficiency in AI chip technology [2]. Group 3: Domestic AI Industry Chain Structure - The domestic AI industry chain is categorized into three stages: 1. First Stage: Focus on self-sufficiency in AI computing, storage, operational, and power chips, with key players including Huawei, Cambricon, and Haiguang Information [3]. 2. Second Stage: Emphasis on self-sufficiency in chip manufacturing processes, including wafer fabrication and packaging, which are critical for supporting AI chip demand [5]. 3. Third Stage: Development of foundational technologies such as equipment materials, EDA, and IP, with expectations for rapid increases in domestic production rates in the coming years [6]. Group 4: Beneficiary Companies - Companies expected to benefit from the growth in the AI chip market include Haiguang Information, Cambricon, Lanke Technology, Chipone, SMIC, Hua Hong Semiconductor, Northern Huachuang, Zhongwei Company, and Tongfu Microelectronics [6].