AI行业跟踪报告第61期：全球GPU销量增长，存算一体产业布局加速

Investment Rating - The report maintains a "Buy" rating for the electronic industry, indicating an expected investment return exceeding 15% over the next 6-12 months [5]. Core Insights - Global GPU sales are projected to grow by 6% in 2024, reaching 251 million units, with a significant increase in desktop system discrete graphics card shipments by 46% in the first half of 2024 [1][11]. - The integration of storage and computing technologies is accelerating, which can significantly reduce data transfer latency and power consumption while enhancing overall system performance [1][13][20]. - The report highlights the strategic investment in Lishuan Technology, which is developing a GPU chip that has entered the tape-out stage, indicating potential future growth for the company [3][38]. Summary by Sections Global GPU Sales Growth - According to Jon Peddie Research, global integrated and discrete GPU sales are expected to grow by 6% in 2024, reaching 251 million units [1][11]. - In the first half of 2024, desktop system discrete graphics card shipments reached 18.2 million units, marking a 46% year-on-year increase [1][11]. - However, the third quarter of 2024 saw a decline in discrete graphics card shipments to 8.1 million units, down from 8.9 million units in the same quarter of 2023 [11]. Accelerated Integration of Storage and Computing - The report discusses the concept of storage-computing integration, which embeds computing logic directly into storage units, allowing data to be processed where it is stored [1][13][20]. - This technology can be categorized into three types: Processing Near Memory (PNM), Processing In Memory (PIM), and Computing In Memory (CIM), each with distinct advantages and applications [13][16][20]. - Major companies like NVIDIA, Microsoft, and Samsung have been developing prototypes since 2017, with a focus on practical and rapid deployment of these technologies [21]. East Chip Co., Ltd. Overview - East Chip Co., Ltd. is one of the few companies in mainland China that offers a complete solution for NAND Flash, NOR Flash, and DRAM storage chips, with applications across various sectors [2][23]. - The company has achieved breakthroughs in domestic flash memory technology, with its 1xnm NAND Flash and 48nm NOR Flash being industry-leading [2][23]. - The company reported a revenue of 531 million yuan in 2023, a 53.7% decline, but expects a recovery with projected revenue of 641 million yuan in 2024, a 20.8% increase [2][33][34]. Investment in Lishuan Technology - East Chip Co., Ltd. plans to invest 200 million yuan in Lishuan Technology, acquiring approximately 37.88% of the company, which focuses on scalable graphics rendering chip design [3][37]. - The first-generation GPU chip from Lishuan Technology has entered the tape-out stage, indicating significant progress in its development [3][37]. - The collaboration between East Chip and Lishuan Technology is expected to enhance both companies' design capabilities and product offerings [3][37].