电子行业周报：字节发布新AI端侧硬件智能耳机，国产晶圆代工实现重大突破

Investment Rating - The report maintains an "Overweight" rating for the electronics industry [6] Core Views - The recent launch of ByteDance's AI smart headphones marks a significant advancement in AI hardware, with potential for strong sales driven by user experience [4] - The third-largest wafer foundry in China, Jinghe Integrated, has achieved major progress in new processes, with a projected net profit increase of over 700% [5] - The semiconductor industry is expected to recover from its cyclical low, with a full recovery anticipated in the second half of 2024 [6] Market Review - The SW Electronics Index fell by 0.02% from October 8 to October 11, outperforming the CSI 300 Index by 3.24 percentage points [10] - Among six sub-sectors, the semiconductor sector saw the highest increase at 4.36%, while the optical optoelectronics sector experienced the largest decline at -5.33% [12][16] Industry News - Samsung Electronics reported an operating profit of approximately 9.1 trillion KRW for Q3 2024, a year-on-year increase of 274.49% [20] - Huawei's HarmonyOS NEXT public beta testing has commenced, with initial models including the Mate 60 series [21] - A low-cost version of Apple's Vision Pro is expected to launch next year, featuring downgraded hardware to reduce costs [22] Company Announcements - Jinghe Integrated forecasts a revenue of 6.7-6.8 billion CNY for the first three quarters of 2024, representing a year-on-year growth of 33.55%-35.54% [29] - Other companies such as Dinglong Co. and Huace Navigation also reported significant expected increases in net profits for the same period [29]