Nvidia(US:NVDA) 芯世相·2025-05-19 04:19Key Insights - The establishment of the Shenzhen Semiconductor and Integrated Circuit Industry Investment Fund with a total scale of 5 billion yuan aims to invest in key projects and leading enterprises in the semiconductor industry [9][10] - The global chip market is projected to reach $683 billion in 2024, representing a 25% increase from 2023, driven primarily by strong demand for AI-related chips [12][10] - Nvidia plans to adjust its chip exports to China due to U.S. government restrictions, indicating a strategic shift in its market approach [15] - The supply of LPDDR4X resources is tightening, leading to significant price increases for most LPDDR4X products [19] - By 2025, the proportion of domestic chips in China's AI server market is expected to rise to 40%, nearly equal to the share of imported chips [20][21] Industry Developments - The Tianjin government has launched an action plan to promote AI innovation, focusing on the development of high-performance intelligent chip platforms and supporting various chip architectures [9][11] - The global semiconductor packaging and testing market is expected to see a 3% revenue growth in 2024, with significant contributions from local demand and policy support [14] - TSMC's advanced process utilization rates remain strong, with 3nm and 2nm processes achieving high yields, indicating robust demand for advanced chips [15][16] - Xiaomi announced the upcoming release of its self-developed SoC chip, marking a significant milestone in its semiconductor journey [18] Market Trends - The demand for AI servers is accelerating the development of self-researched ASIC chips among major North American cloud service providers [21] - The AR/VR market in China is projected to grow at a compound annual growth rate (CAGR) of 41.1% from 2024 to 2029, positioning China as a key player in the global AR/VR landscape [22] - The global adoption rate of in-car wireless charging is expected to exceed 50% in 2024, with Chinese suppliers playing a crucial role in the supply chain [23]