电子行业周报：国补促进手机等数码产品销量，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 potential of AI hardware innovation and computing architecture, particularly in the context of the domestic smartphone industry benefiting from government subsidies [2][3] - The global sales of AI smart glasses are projected to reach 550,000 units in 2025, a 135% increase from 2024, driven by privacy, security, low latency, and cost advantages [3][19] - The AI wave is expected to significantly boost demand for computing power, impacting sectors such as servers, AI chips, optical chips, storage, and PCB boards [3][20] Summary by Sections 1. Market Review - From January 20 to January 24, the overall market saw an increase, with the electronic industry index rising by 2.82%, outperforming the broader market [5][6] 2. Sub-industry News (1) Semiconductors - TSMC received a $1.5 billion subsidy from the U.S. government and is investing $65 billion in three wafer fabs in Arizona [10] - AI demand has driven DISCO's revenue growth by 30% year-on-year in the first three quarters of the fiscal year [10][12] (2) AI, IoT, and Automotive Electronics - OpenAI and SoftBank announced a joint investment of up to $500 billion in AI infrastructure [13][20] (3) Innovative Electronics & Wearables - Google acquired HTC Vive's XR technology for $250 million to enhance its Android XR platform [14] (4) Mobile & 5G - The Indian smartphone market saw a 4% decline in shipments in Q4 2024, with vivo leading the market [15][16] (5) LCD & LED - LG Display returned to profitability in Q4 2024, focusing on OLED technology [17] 3. Industry Investment Strategy and Weekly Outlook - The report emphasizes the importance of domestic semiconductor production and the ongoing trend of localization in the industry [22] - The recovery of upstream sectors such as passive components, digital SoC, RF, storage, and packaging is anticipated [21]