半导体行业观察·2025-07-03 01:13Core Viewpoint - Microsoft is facing significant delays in its AI chip development, with the Braga chip's production pushed from 2025 to 2026, raising concerns about its competitiveness against NVIDIA's offerings [1][5][4]. Group 1: Microsoft’s AI Chip Development - Microsoft has postponed the production of its Braga AI chip to 2026 due to design issues and competition concerns, which indicates a shift in its strategy to catch up with rivals [1][5]. - The delay has led to worries about subsequent products, Braga-R and Clea, potentially lacking competitiveness compared to NVIDIA's latest chips [2]. - A new interim chip, likely named Maia 280, is planned for release in 2027, which aims to connect two Braga chips for enhanced performance, targeting a 30% performance increase over NVIDIA's 2027 chip [2]. Group 2: Competitive Landscape - NVIDIA remains the dominant player in the AI chip market, with its latest Blackwell GPU launched in 2025 and the upcoming Rubin chip, while Microsoft struggles to match its performance [3][6]. - Major tech companies, including Google and Amazon, are also developing custom AI chips to reduce reliance on NVIDIA, but face challenges in achieving competitive performance [6]. - Despite the surge in demand for custom chips, companies like Marvell have seen stock fluctuations due to unmet investor expectations regarding AI [3].