电子行业周报：行业协会明确半导体产品原产地认定规则，芯片国产替代进程加速-20250414

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" for the electronics industry [6]. Core Insights - The semiconductor product origin recognition rules have been clarified, accelerating the domestic substitution process for chips, which may benefit local manufacturers of analog and RF chips due to increased tariffs on U.S. imports [1]. - The electronics sector experienced a decline of 3.89% in the past week, ranking 13th out of 31 industries, with the semiconductor sub-sector showing a slight increase of 0.56% [3][37]. - The report highlights significant investment opportunities in various segments, including supply chains related to Apple, NVIDIA, and semiconductor ICs, as well as silicon carbide [4]. Summary by Sections Industry Performance - The electronics sector's performance in the past week saw the Shanghai Composite Index drop by 3.10%, the Shenzhen Component Index by 5.13%, and the CSI 300 Index by 2.87% [3][37]. - The electronics index's price-to-earnings (PE) ratio stands at 52.6, with a 10-year PE percentile of 67.61% [42]. Investment Recommendations - Key companies to watch include Luxshare Precision, GoerTek, and Lianyi Intelligent Manufacturing in the Apple supply chain; NVIDIA-related companies such as Shenghong Technology and Industrial Fulian; semiconductor IC firms like Haiguang Information and Longxin Zhongke; and silicon carbide companies like Tianyue Advanced and Sanan Optoelectronics [4]. Market Data Tracking - The semiconductor industry is seeing increased investment in advanced packaging and third-generation semiconductors, with significant projects being signed in China [16]. - The 8-inch silicon carbide substrate has entered large-scale application, promising higher yields and lower manufacturing costs [24].