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Investment Rating - The investment rating for the communication industry is "Buy" [2]. Core Insights - The report highlights the increasing investment in the quantum industry by technology companies, indicating potential investment opportunities within the industry chain [2]. - NVIDIA's collaboration with Google Quantum AI aims to accelerate the design of next-generation quantum computing devices using the CUDA-Q™ platform, which significantly reduces the time required for noise simulation from a week to just a few minutes [16][17]. - Major telecom operators in China are intensifying their focus on quantum technology to enhance information security and explore new industrial avenues, with notable developments from China Telecom, China Mobile, and China Unicom [18][19]. Summary by Sections Core Insights - NVIDIA and Google Quantum AI are working together to enhance quantum computing capabilities, with NVIDIA's technology allowing for more efficient simulations [16]. - Microsoft and Atom Computing have set a record for quantum bit entanglement, planning to deliver quantum computers to commercial clients next year [17]. - The three major Chinese telecom operators are investing heavily in quantum technology, with China Telecom launching a quantum computing cloud platform and China Mobile investing in multiple quantum-related companies [18]. Market Review - The communication sector experienced a decline of 3.78% last week, underperforming the CSI 300 index by 1.18 percentage points [24]. - Year-to-date, the communication sector has increased by 22.4%, outperforming both the CSI 300 and the ChiNext indices [27]. Industry Data Updates - As of the end of 2023, China has built 3.377 million 5G base stations, a net increase of 1.065 million from the previous year, representing 29.1% of all mobile base stations [43]. - In September 2024, the domestic smartphone market saw a shipment of 25.371 million units, a year-on-year decrease of 23.8%, with 5G smartphones accounting for 88.9% of total shipments [45]. Recent News - The National Data Bureau of China is working on establishing a national data infrastructure by 2029, which will support data sharing and enhance the country's data capabilities [62][63]. - TSMC plans to build 10 new factories to meet the growing demand for AI semiconductors, with a capital expenditure expected to reach between $34 billion and $38 billion [65][68].