电子行业周报：半导体景气超预期，多环节陆续提价，AI眼镜放量在即-20260114

Investment Rating - The report maintains an "Outperform" rating for the electronics industry [1][10]. Core Insights - The semiconductor sector is experiencing better-than-expected conditions, with price increases across multiple segments driven by rising AI demand. The industry is seeing a recovery in profitability as price hikes are being passed on to consumers [1]. - The CES 2026 event has showcased significant advancements in AR glasses, indicating a year of hardware innovation. Companies are encouraged to focus on AR glasses as they become independent smart devices with enhanced communication and computing capabilities [3]. - NVIDIA has introduced a new storage architecture that redefines the role of NAND Flash, significantly increasing its demand and value in the AI-driven storage industry [4]. Summary by Sections Semiconductor Industry - The semiconductor industry is witnessing a supply-demand imbalance, particularly in storage and high-end PCB segments. Price increases are anticipated across various manufacturing stages, including wafer foundries and high-end packaging [1]. - The report highlights the potential for domestic semiconductor materials to replace imports, particularly in light of recent anti-dumping investigations against Japanese products [2]. AR Glasses and Consumer Electronics - CES 2026 has seen a variety of AR glasses, with many adopting full-color display technology, enhancing user experience and application scenarios. Companies are advised to monitor developments in this area [3]. - The report emphasizes the importance of AR glasses as a platform for AI technology, suggesting a growing market for these devices [3]. Storage Industry - The introduction of NVIDIA's new storage processor platform is expected to revolutionize the role of NAND Flash, making it a critical component in AI applications. This shift is likely to benefit companies involved in the storage supply chain [4]. - The storage industry is projected to continue its upward trend due to AI demand, with companies in this sector expected to see sustained benefits [4]. Market Performance - The report notes a significant increase in the electronics sector, with a 7.74% rise in the past week, outperforming major indices. The electronic chemicals sub-sector saw a notable increase of 15.95% [11]. - Key companies in the semiconductor and electronics sectors are highlighted for their strong performance and potential for growth, including 中芯国际 (SMIC), 翱捷科技 (Aojie Technology), and 德明利 (Demingli) [10][9].