国泰海通｜电子：国内智算加速布局，国产算力需求高企

Core Insights - The Ministry of Industry and Information Technology (MIIT) is optimizing the layout of computing power infrastructure, which is expected to accelerate the construction of intelligent computing centers and drive the growth of domestic computing power demand [1][2]. Group 1: Policy and Infrastructure Development - As of June 2025, the number of standard racks in use for computing power centers in China reached 10.85 million, with intelligent computing power scaling up to 788 EFLOPS [1]. - The MIIT plans to improve the policy system for computing power layout and guide local governments in rationally establishing intelligent computing facilities [1][2]. - The official connection of the Chinese computing power platform includes ten provinces and cities, such as Shanxi, Zhejiang, and Shanghai, which is expected to enhance the overall layout of computing power centers across the country [2]. Group 2: Market Implications - The integration of the national supercomputing internet and the connection of seven computing power centers is anticipated to promote the development of the domestic AI industry and increase demand for domestic computing power [2]. - The acceleration of local intelligent computing center investments is seen as a catalyst for growth in the computing power sector [3].