Core Insights - The year 2025 is anticipated to mark the rise of AI agents, with 2026 expected to witness a significant explosion in this field, leading to a focus on inference capabilities among chip manufacturers [1] - AI inference chips are categorized into cloud, edge, and endpoint types, with the domestic player Aixin Yuanzhi (0600.HK) emerging as a leader in edge and endpoint inference chips [1] - The demand for AI chips is shifting from merely increasing computing power to prioritizing usability, efficiency, and low latency, with Aixin Yuanzhi establishing a strong technological moat through innovative architecture [3][4] Industry Trends - The global AI inference chip market is projected to grow at a compound annual growth rate (CAGR) of 31.0% from 2024 to 2030, with edge inference expected to grow at 42.2% [5] - By 2030, the global market size for edge inference is estimated to reach 726.2 billion yuan, while endpoint inference is expected to reach 886.1 billion yuan, totaling over 1.5 trillion yuan [5] - The increasing demand for data security and localized processing is expected to drive rapid expansion in the domestic edge AI market [6] Company Highlights - Aixin Yuanzhi's core competitive advantage lies in its dual-track development model, focusing on both vertical upgrades of IP core technology and horizontal expansion into application areas [3] - The company's AXNeutron mixed-precision NPU is designed to address the "impossible triangle" of performance, power consumption, and cost, achieving a throughput per watt that is ten times higher than traditional GPU-based solutions [4] - Aixin Yuanzhi ranks among the top five in the market with over 9 million units shipped in 2024, holding a market share of 6.8%, and leading the mid-to-high-end chip segment with a 24.1% share [5] Future Outlook - Aixin Yuanzhi is positioned to strengthen its market leadership in AI perception and edge computing, leveraging its complete solution from chips to software toolchains to break reliance on cloud services [7] - The company’s self-developed Pulsar2 toolchain enhances the deployment efficiency of mainstream AI models on its SoCs, supporting the acceleration of AI applications in edge scenarios [7] - As the demand for intelligent driving solutions increases, Aixin Yuanzhi's flagship chip M97 is set to play a crucial role in the high-end automotive market, reflecting the company's innovation in chip design and development [6]
爱芯元智港股上市：角逐边缘推理主战场，旗舰智驾芯片M97回片成功