Core Insights - AI acceleration chips are specialized integrated circuits designed for optimizing artificial intelligence algorithms, significantly enhancing performance in AI core computing tasks across various deployment scenarios [1][2][3] - China's AI acceleration chip industry is experiencing explosive growth, driven by strong demand for training and inference chips, supported by government policies and a robust industrial ecosystem [1][9] Industry Overview - AI acceleration chips are categorized into three main types based on technology architecture: GPU, ASIC, and FPGA, each serving different functions and deployment scenarios [3][4] - The development of China's AI acceleration chip industry can be divided into four stages: reliance on imports before 2015, initial domestic development from 2016 to 2018, accelerated domestic substitution from 2019 to 2022, and a focus on high-end computing capabilities from 2023 onwards [5][6] Policy Support - The Chinese government has implemented multiple policies to support the AI acceleration chip industry, focusing on strategic planning, infrastructure development, and technological innovation, which collectively foster a stable environment for high-quality growth [6][9] Market Analysis - The global AI acceleration card market is projected to grow from $119.03 billion in 2024 to $525.77 billion by 2028, reflecting a compound annual growth rate (CAGR) of over 50% [7][8] - In China, the AI acceleration card market is expected to expand from 12.25 billion yuan in 2020 to 216.48 billion yuan in 2024, with a CAGR of 105.01%, and is projected to reach 1,107.65 billion yuan by 2028 [9][11] Segment Analysis - The cloud-based AI acceleration card market is expected to dominate, growing from $107.87 billion in 2024 to $452.40 billion by 2028, accounting for over 80% of the overall market [10] - The inference segment is anticipated to grow significantly, with the market size expected to increase from $47.61 billion in 2024 to $325.62 billion by 2028, reflecting a CAGR of 61.71% [10] Future Trends - The Chinese AI acceleration chip industry is set to focus on high-end technology breakthroughs and architectural innovations, aiming to enhance product performance and efficiency [11][12] - There will be a shift towards customized chips for specific application scenarios, with leading companies expanding their presence across various sectors while smaller firms target niche markets [12][14]