海通通信一周谈：博通单通道200G DSP全面上市；海外薄膜铌酸锂产业化进程加速

Investment Rating - The report maintains an "Outperform" rating for the industry, indicating an expected return above the benchmark index by more than 10% [20]. Core Insights - The communication industry is experiencing significant advancements driven by AI and digital economy needs, with a focus on companies like Aojie Technology, Shengke Communication, and others [2]. - The launch of Broadcom's 200G DSP product is expected to enhance Gen AI infrastructure capabilities, supporting various high-speed applications [3]. - The thin-film lithium niobate industry is accelerating its commercialization, with significant funding raised to support technological advancements [3]. Summary by Relevant Sections Industry Performance - In the week of September 23-27, the WIND communication sector rose by 12.33%, with the investment portfolio's average increase at 15.45% [10]. - Year-to-date, the communication sector has seen a rise of 11.66%, with the investment portfolio averaging a 10.03% increase [10]. Key Companies and Their Performance - The simulated investment portfolio includes companies such as Zhongji Xuchuang (20% weight), Xinyi Sheng (10% weight), and others, with notable weekly and monthly performance increases [11]. - Zhongji Xuchuang led with a weekly increase of 22.57%, while other companies also showed significant gains [11]. Market Trends - The cloud service expenditure in mainland China grew by 8% year-on-year in Q2 2024, reaching $9.4 billion, with major players like Alibaba Cloud, Huawei Cloud, and Tencent Cloud holding significant market shares [3]. - The communication industry is evolving with new demands for optical chips and components, driven by advancements in AI and machine learning applications [2][3].