Investment Rating - The report maintains an investment rating of "Outperform the Market" for the electronic industry, indicating an expected price increase exceeding the benchmark index by more than 10% [2][82]. Core Insights - The electronic industry has shown mixed performance in the market, with the Shanghai Composite Index rising by 0.95% and the Shenzhen Component Index increasing by 0.13%, while the Semiconductor Index declined by 0.60% [20][21]. - Key developments include Hon Hai (Foxconn) entering the R&D phase for NVIDIA's GB300 AI server, and Xiaomi building its own GPU cluster to support AI model development [75][76]. - The U.S. government has initiated a trade investigation into traditional Chinese semiconductors, which may lead to increased tariffs on chips used in everyday products [75][76]. Market Overview - The overall market performance for the week of December 23-27, 2024, showed varied results, with the semiconductor sector underperforming compared to other segments [20][21]. - The Philadelphia Semiconductor Index rose by 3.18%, and the Taiwan Semiconductor Index increased by 4.90%, indicating stronger performance in these regions compared to the domestic market [20][21]. Sector Performance - Among sub-sectors, components (+1.32%), other electronics (+0.88%), and digital chip design (+0.63%) were the top performers for the week [20][21]. - Notable individual stock performances included DingTong Technology (+34.19%), ZhaoLong Interconnect (+32.73%), and ShiYiDa (+31.83%) [32][34]. Industry News - Premier Li Qiang emphasized the importance of foundational research and the development of key technologies during a recent visit to Zhejiang, highlighting the need for innovation to drive development [75]. - Xiaomi's initiative to establish a GPU cluster is part of its broader strategy to invest heavily in AI technologies, with a focus on enhancing its capabilities in AI model training [75][76].
电子周跟踪：GB300供应商鸿海进入研发设计阶段，小米搭建GPU万卡集群
Shanxi Securities·2025-01-02 00:20