电子行业周报：华为首款鸿蒙电脑接入DeepSeek，模型与芯片深度协同

Investment Rating - The industry investment rating is "Overweight" [1] Core Views - The report highlights the rapid evolution of artificial intelligence (AI) technology and emphasizes the importance of self-reliance and application-oriented development in AI. Huawei's first HarmonyOS computer integrates AI capabilities, enhancing productivity through deep collaboration between models and chips [5][6] - The report notes a significant increase in smartphone shipments in China, with a 9% year-on-year growth in Q1 2025, driven by state subsidy programs and a rise in replacement demand [14][17] - The report discusses the expected growth in global XR (AR/VR) display shipments, with AR glasses projected to grow by 42% year-on-year in 2025, indicating a shift towards AI-enabled applications [22][24] Market Performance Summary - The Shanghai Composite Index rose by 1.92%, while the Shenzhen Component Index increased by 2.29% during the week of May 6 to May 9, 2025. The semiconductor equipment index showed a decline of 0.44%, while the sensor index rose by 4.14% [4][30] - The best-performing sector was printed circuit boards, with a 5% increase, while the analog chip design sector saw a decline of 2.11% [4][30] Company-Specific Insights - Companies involved in AI infrastructure include Shengyi Technology, Shenhui Technology, and Industrial Fulian, among others [6] - The report identifies leading smartphone manufacturers in Q1 2025: Huawei (20% market share), Xiaomi (19%), and OPPO (16%), with a notable increase in market concentration among the top six manufacturers [14][17] - The report mentions that Samsung Display is set to begin mass production of its first tri-fold smartphone display panels by June or July 2025, indicating innovation in the smartphone market [20]