电子行业点评：英伟达被反垄断调查，自主可控需求持续

Investment Rating - The report maintains an investment rating of "Outperform the Market" for the electronics industry [4]. Core Insights - The investigation into NVIDIA by the State Administration for Market Regulation highlights the strong demand for self-controlled capabilities in the chip sector. This is further emphasized by recent statements from four industry associations recommending cautious procurement of American chips [4]. - The domestic chip market is vast, and there are significant investment opportunities in the self-controlled chip sector, particularly in companies like Cambricon and Haiguang Information in chip design, and Woge Optoelectronics in advanced packaging [4]. Summary by Sections Industry Events - On December 9, 2024, the State Administration for Market Regulation announced an investigation into NVIDIA for potential violations of antitrust laws related to its acquisition of Mellanox Technologies [3]. - The investigation stems from concerns that the acquisition could limit competition in the global and Chinese GPU accelerator markets [3]. Market Trends - The Biden administration has implemented new semiconductor export controls, adding 136 Chinese entities to an "entity list" and increasing restrictions on 24 types of semiconductor manufacturing equipment and HBM chips [4]. - The electronics sector has shown a performance comparison with the CSI 300 index, with a decline of 28% in the electronics sector from December 2023 to March 2024 [5]. Performance Metrics - The electronics sector has experienced a 1-month decline of 3.56%, a 3-month increase of 46.19%, and a 12-month increase of 20.56% [6].