电子行业周报：定制AI芯片市场有望超400亿美金，市场前景广阔无垠

Investment Rating - The report maintains an investment rating of "Outperform" for the electronics industry [4]. Core Insights - The custom AI chip market is projected to grow from $6.6 billion in 2023 to $42.9 billion by 2028, indicating a significant expansion in the sector [1]. - The AI IC market is expected to reach $110 billion in 2024, with NVIDIA dominating the market with an estimated revenue of $96 billion and an 87% market share [4]. - TSMC is adjusting its 2025 foundry pricing, with advanced process prices increasing by up to 10% to mitigate the impact of high operational costs [2]. - Micron Technology anticipates a surge in AI demand, with plans to allocate all HBM production capacity to 2025 [3]. Summary by Sections Semiconductor Market - The custom AI chip market is expected to grow significantly, with Marvell's CTO stating that only a few top chip developers can sustain investment in AI computing semiconductors [1]. - TSMC's 2nm technology is progressing ahead of schedule, with production expected to start in late 2025 [2]. - Micron plans to prioritize performance and cost-effectiveness in its EUV technology adoption, with large-scale production of EUV-based chips planned for 2025 [3]. AI Market - The AI IC market is projected to reach $110 billion in 2024, with NVIDIA leading the market [4]. - AI is seen as a major growth driver for the tech industry, with significant implications for the global economy and semiconductor industry [4]. - The AI IC market is expected to account for 18% of the total semiconductor market by 2024, with a compound annual growth rate (CAGR) of 20% over the next five years [6]. SiC Market - The SiC substrate prices are declining, with concerns about oversupply and competition in the market [17]. - The growth of new energy vehicles and AI data centers is expected to drive demand for SiC power devices [17]. Consumer Electronics - The launch of the "Cloud Sparrow" AR glasses by Southeast University showcases advancements in high-end display technology, significantly improving imaging performance and reducing costs [19]. - The smartphone market in China is experiencing growth, with a year-on-year increase in shipments and production [19]. Market Performance - The electronics sector saw a 2.14% increase in the week of October 21-25, 2024, with optical electronics leading the gains [23]. - The electronics index PE ratio stands at 55.52, indicating a high valuation compared to historical averages [27].