通信行业周报：博弈加剧，国产核心科技加速

Investment Rating - The report maintains an "Outperform" rating for the communication industry [2]. Core Insights - The report highlights the intensifying competition in the technology sector between the US and China, particularly in high-tech areas such as semiconductors and AI, with potential implications for investment strategies [29]. - It notes that China's commercial space industry is catching up, with significant advancements in satellite launches and reduced costs expected in the near future [30]. - The report emphasizes the continuous breakthroughs in domestic supply chains and the establishment of overseas operations by major Chinese tech companies [31]. Summary by Sections Investment Strategy - The report discusses the potential impact of Trump's re-election on US-China relations, particularly regarding technology sanctions and the focus on high-tech sectors like commercial space and AI [29]. - It mentions that SpaceX has launched 6,700 satellites, with over 4,700 currently operational, highlighting the US's lead in low Earth orbit satellite deployment [30]. - The report indicates that China's satellite internet construction is entering a phase of regular launches, with significant improvements in launch capabilities and cost reductions anticipated [30][31]. Industry News - The Long March 8 rocket has completed its transition exercises and is set for its first launch at the Hainan commercial launch site, which will enhance China's launch capabilities [33]. - China Satcom has introduced a satellite internet product aimed at the consumer market, significantly lowering the barrier for satellite communication access [34]. - The deployment of drone stations on communication towers in Anhui province has shown promising results, supporting the development of low-altitude economy infrastructure [35]. - The Zhuhai Airshow showcased various products supporting commercial space and low-altitude economy, indicating strong industry growth [38]. Weekly Review and Recommended Portfolio - The communication sector experienced a decline of 2.37% this week, with a focus on investment opportunities in domestic computing power, satellite internet, and low-altitude economy sectors [39]. - The report suggests monitoring companies involved in domestic computing power, satellite internet, and low-altitude economy for potential investment opportunities [43].