电子行业周报：台积电业绩超预期，看好端侧AI硬件创新浪潮和算力架构创新

Investment Rating - The industry investment rating is "Recommended (Maintain)" [1] Core Viewpoints - The report highlights the strong potential of edge AI hardware innovation and computing architecture, driven by the increasing demand for AI applications [2][21] - TSMC's Q4 revenue exceeded expectations, with a year-on-year growth of 38.8%, indicating robust demand for AI-related products [21] - The Chinese smartphone market is expected to recover in 2024, with a projected shipment of 285 million units, reflecting a moderate year-on-year growth of 4% [22] Summary by Sections Market Review - From January 13 to January 17, the overall market saw a decline, while the electronic industry index rose by 4.08%, outperforming the broader market [5][6] - Among 475 listed companies in the electronic sector, 439 experienced price increases during this period [5] Sub-industry News Semiconductor - The U.S. government announced a $1.4 billion funding to support advanced packaging projects, aiming to enhance domestic semiconductor manufacturing capabilities [10] - Japan plans to invest $1 billion in its chip design industry to catch up with China and the U.S. [10] AI, IoT, and Automotive Electronics - Microsoft is forming a new AI development team to enhance its AI platform and tools, indicating a significant shift in application architecture [13] - NVIDIA's CEO emphasized the opportunity for Taiwan in the next wave of AI development, particularly in robotics [15] Innovative Electronics & Wearables - A survey indicated that 79% of respondents are interested in using VR technology to explore inaccessible cultural artifacts [15] - Kopin received a $2 million follow-up order for AR micro-displays for pilot helmets, showcasing advancements in augmented reality technology [15] Mobile & 5G - Xiaomi officially entered the South Korean market, focusing initially on online sales before opening physical stores [16] - Canalys reported that vivo leads the Chinese smartphone market in 2024 with a 17% share, followed by Huawei and Apple [17] LCD & LED - Omdia predicts that micro LED shipments will reach 34.6 million units by 2031, driven by XR devices [17] - The continuation of government subsidies is expected to support the large-size display market in 2025 [17] Industry Investment Strategy - The report suggests that the next three years will see a strong focus on domestic production and localization in the semiconductor industry, which will drive growth in related sectors [24]