点击蓝字，关注我们 今日上午港股 1. 信义能源(03868)再涨超5%。 消息面上，信义能源、信义光能联合公布，建议中国上市的申请材料 已递交予发改委。太阳能发电场基础设施REIT拟于中国一家证券交易所上市，仍需获得监管机构批 准及豁免。 2. 石药集团(01093)涨超3%。 6月5日，石药集团发布公告，集团开发的腺苷钴胺胶囊(0.5mg)("该产 品")已获得中国国家药品监督管理局颁发的药品注册批件，并视同通过仿制药质量和疗效一致性评 价。 3. 东岳集团(00189)涨超5%。 据百川盈孚数据，第三代主流制冷剂R32（主要用于家用和商用空 调），目前其国内均价每吨已突破5万元大关，同比增长42%；截至6月5日，R32行业毛利润达3.5万 元/吨，较去年同期每吨毛利润增加超过1万元。 4. 康诺亚-B(02162)涨超3%。 近日，康诺亚在药物临床试验登记与信息公示平台官网上登记了一项 CDH17ADC药物CM518D1治疗晚期实体瘤的I/II期临床研究。据公开资料显示，这是该药首次启动临 床。 5. 药师帮(09885)再涨超6%。 药师帮公告，与越疆科技(02432)订立战略合作与业务部署协议。 6 ...

Core Viewpoint - Intel and SoftBank are collaborating to develop a stacked DRAM as a substitute for high bandwidth memory (HBM), aiming for prototype completion by 2027 and commercialization by 2030 [1][2]. Group 1: Collaboration and Development - The joint venture, named Saimemory, will leverage Intel's technology and patents from Japanese universities to create prototype chips [1]. - The new stacked DRAM is expected to reduce power consumption by half compared to existing HBM chips, addressing the high power demands of AI processors [1][2]. Group 2: Market Context and Competition - Currently, only Samsung, SK Hynix, and Micron can mass-produce the latest generation of HBM chips, leading to a supply shortage amid rising AI chip demand [2]. - Saimemory aims to capture the Japanese data center market and re-establish Japan's presence in the mainstream memory chip supply chain after over two decades [2]. Group 3: Industry Trends - The focus of Saimemory is on reducing power consumption, which is a critical need for data centers, especially as AI computing power demands continue to rise [2]. - Other companies, such as Samsung and NEO Semiconductor, are also exploring 3D stacked DRAM, but their emphasis is on increasing chip capacity rather than power efficiency [2].

如果您希望可以时常见面，欢迎标星收藏哦~ 北京奕斯伟计算技术股份有限公司（Beijing ESWIN Computing Technology Co., Ltd.，简称"奕 斯伟计算"）今日向香港联交所递交招股书，计划在主板挂牌上市。这标志着这家以RISC-V架构为 核心的中国科技企业，正迈向资本市场新阶段，或有望成为港股RISC-V"第一股"。 奕 斯 伟 计 算 成 立 于 2019 年 ， 是 奕 斯 伟 集 团 在 AI 与 计 算 架 构 领 域 的 重 要 布 局 。 公 司 聚 焦 新 一 代 RISC-V计算架构的研发与商业化，围绕智能终端与具身智能两大核心应用场景，打造高效、开 放、具竞争力的系统级软硬件平台。 根据咨询机构弗若斯特沙利文的数据，奕斯伟计算是截至2024年中国RISC-V主控量产解决方案数 量最多的提供商，亦是中国最大的RISC-V全定制解决方案供应商。 截至2024年底，公司已成功商业化超100款系统级解决方案，服务客户超百家，覆盖消费电子、汽 车、机器人等领域，客户包括多家全球头部企业。 随着AI计算、物联网与智能制造快速发展，业界对可控、开放架构的计算平台需求日益增长。 ...

Domestic News - Beijing encourages foreign enterprises to participate in high-level autonomous driving demonstration zones and key application scenarios, providing support for technology testing and demonstration applications [3] - Changan plans to launch over 7 high-end automotive products in the next 5 years, aiming for total revenue of 300 billion yuan and sales of 3 million vehicles, including 1 million new energy vehicles [4] - Geely is set to launch multiple satellites, including the "Qianli Haohan," to establish a global real-time satellite communication service [5] - BYD's blade battery and fast-charging blade battery have passed the new national standard testing ahead of schedule, with the new standards set to take effect in July 2026 [6] - Wuling's Shenlian battery has passed the latest national standard certification, showcasing its leading position in battery technology [7] - GAC Group has published a patent for an AI computing device for smart cockpits, enhancing AI capabilities without modifying existing hardware [9] - Chery has announced a patent for an automatic follow robot system that utilizes facial and voice recognition for improved user convenience [10] - Pony.ai has reached a strategic cooperation with Dubai's Roads and Transport Authority to launch a Robotaxi fleet, with plans for testing in 2025 and full commercial operation in 2026 [11] International News - The European Council has approved the relaxation of carbon dioxide reduction targets for 2025-2027, allowing manufacturers to be evaluated based on average performance over three years [13] - Italy's new car sales in April increased by 2.71% year-on-year, totaling 139,084 vehicles, marking the second consecutive month of growth [14] - BMW announced a major overhaul of its product line, planning to implement a new design language across all models within three and a half years [15][16] - General Motors will invest $888 million in its Tonawanda plant in New York to produce the next generation of V8 engines, reflecting a strategic adjustment in response to electric vehicle market demands [17] Commercial Vehicles - Foton Motor is expanding its new energy heavy truck business by establishing a joint venture with EVE Energy to provide diverse battery leasing solutions [19] - XCMG has launched its new generation of "Han Jie" light trucks, focusing on high safety, reliability, long endurance, and low energy consumption [20] - JAC Motors has unveiled 25 strategic new products across various powertrain categories, emphasizing innovation in new energy commercial vehicles [21] - Chery's new pickup has been officially registered, marking a significant step towards its domestic launch [22][23]

Group 1: Automotive Industry Overview - The automotive industry generated revenue of 32,552 billion yuan from January to April 2025, representing a year-on-year increase of 7% [1] - During the same period, the production of vehicles reached 10.12 million units, marking an 11% increase year-on-year [1] - The industry's cost was 28,636 billion yuan, up 8% year-on-year, while profits decreased by 5.1% to 1,326 billion yuan, resulting in a profit margin of 4.1% [1] Group 2: Company Developments - Xiaomi's SU7 Ultra has received over 23,000 pre-orders as of May 26, 2025, exceeding expectations, with the company aiming to achieve an annual delivery target of 350,000 units [2] - NIO Power Technology has increased its registered capital from 2 billion yuan to 2.04 billion yuan [7] - GAC Group has published a patent for an AI computing device for smart cockpits, which enhances AI capabilities without modifying existing hardware [4] Group 3: Technological Innovations - Hongmeng Zhixing announced that its vehicles equipped with Huawei's ADS have avoided over 1.81 million potential collisions [3] - Chery Automobile has published a patent for an automatic follow robot system that utilizes facial and voice recognition for enhanced user convenience [6] - Geely has applied for a trademark for its "Qianli Haohan Smart Driving" system, which integrates various AI technologies for a unified smart mobility solution [5] Group 4: Market Trends - Tesla's new car registrations in Europe fell by 52.6% in April, with a total of 5,475 vehicles registered, contributing to a year-to-date decline of approximately 46% [8] - Meko, a Swedish automotive parts distributor, announced the establishment of a new department to produce exclusive brand parts for repair shops and vehicle owners [8]

Core Insights - The KADC2025 conference showcased a series of new technologies, tools, and platforms aimed at enabling partners and developers for efficient development [1] - Huawei's ecological strategy emphasizes "hardware openness, software open-source, enabling partners, and talent development," focusing on core technology and system architecture innovation [1] - As of May 2025, over 6.65 million developers and more than 8,800 partners have been engaged, with 23,900 solutions certified [1] Group 1 - The Kunpeng AI+ solution was officially launched, along with the open-source community openFuyao for diverse computing cluster software [1] - The AI Core segment introduced the Kunpeng+xPU inference solution, compatible with Ascend and other domestic GPUs, covering scenarios from data centers to edge computing [1] - AI Infra components were released, enhancing data processing and retrieval capabilities with improved performance and security [1] Group 2 - AI application capabilities were presented, including business orchestration, deployment, and scheduling, aimed at building end-to-end AI solutions for enterprises [2] - The Kunpeng RAG solution 1.0 was launched, creating an open ecosystem for RAG business orchestration, AI microservices, deployment, scheduling, security, and storage [2] - The openFuyao project focuses on "cloud-native + AI," providing diverse computing interconnect management and scheduling capabilities [2] Group 3 - Ascend introduced the CATLASS operator template library, MindIE Motor inference service acceleration library, and inference microservice MIS, enhancing the ease of operator development and application deployment [2] - Continuous upgrades to the layered open CANN capabilities and the MindSpeed RL reinforcement learning suite were announced, improving model training and inference efficiency [2]

Core Viewpoint - The article discusses the challenges faced by Chinese companies in the large model AI sector, particularly regarding the MoE architecture's inherent inefficiencies and high hardware costs. It highlights Huawei's innovative approach to enhance efficiency and user experience through its DeepSeek technology, aiming to create a sustainable collaborative ecosystem in the AI industry [1]. Group 1: Huawei's Technological Innovations - Huawei has introduced three significant hardware affinity operator technologies: AMLA, Fusion Operator Optimization, and SMTurbo, which aim to revolutionize the speed and energy efficiency of large model inference [4][5]. - AMLA (Ascend MLA) redefines floating-point operations, achieving a chip utilization rate exceeding 70% by transforming complex multiplication into simpler addition operations, thus enhancing computational efficiency [7][9]. - Fusion Operator Optimization integrates multiple operators into a single composite operator, optimizing parallelism and eliminating redundant data transfers, leading to significant performance improvements in model inference [11][12]. Group 2: Performance Enhancements - SMTurbo technology enables ultra-low latency memory access across 384 cards, significantly improving memory throughput by over 20% per thread in cross-machine memory communication scenarios [14][16]. - The combination of these technologies positions Huawei's DeepSeek as a competitive alternative to existing solutions, potentially outperforming Nvidia in inference performance [20][22]. Group 3: Future Development Directions - Future research on AMLA will focus on optimizing MLA operators for KVCache quantization and full quantization scenarios, expanding the application of operators [17]. - The exploration of fusion operator optimization will continue, aiming to enhance the efficiency of large language models on Ascend hardware [17]. - Load/Store optimization will be refined to balance read and write loads, integrating the CPP concept into DeepSeek dispatch and combine scenarios for practical benefits at large batch sizes [17].

配置上天选6还采用全新冰川散热系统，搭配第二代Arc Flow绝尘风扇，84外叶片+42内叶片双叶轮设计，更为高效的"内吹技术2.0"及贯穿式后出风设计， 可疾速排出废热，避免内部热量堆积。此外，天选6采用了全新模具设计，高颜值机甲风细节到位，镂空设计还便于热气排出。整机轻约2.2kg，薄至 1.79cm，小轴美背设计一体性更强。 其中天选Air 2025在CPU性能方面，可选锐龙 AI 7 H 350及锐龙7 H 260两款处理器。锐龙 AI 7 H 350采用"Zen 5"架构打造，具备8核心16线程规格，经典核加 速频率可达5.0GHz，集成50 TOPS高算力NPU，为AI计算提供了强大性能支撑。而锐龙7 H 260同样具有8核心16线程，加速频率达5.1GHz，内置Radeon 780M集显，NPU算力达16 TOPS，性能同样出色。 天选Air 2025还搭载全新GeForce RTX 50系列笔记本电脑GPU，采用全新Blackwell架构打造，8GB显存，TGP高达110W。支持DLSS 4全新功能与NVIDIA Studio驱动，针对游戏玩家的Smooth Motion功能可实现驱动级AI插 ...

编译 | 华尔街大事件 基于对NAND市场复苏的预期，分析师于2024年10月给予 Lam Research ( NASDAQ: LRCX ) "强力买入" 评级。相信技术升级周期将继续推动 该公司未来的增长。然而，由于 风险逐渐上升，分析师将其评级下调至"持有"，其合理价值为73美元。 4月23日，Lam Research公布了其 2025财年第三季度 业绩，如下图所示，营收增长24.2%，营业利润增长34.7%。强劲增长的动力源于市场对 其系统（包括用于沉积、蚀刻、清洗和其他晶圆制造的设备）的强劲需求。整体系统收入同比增长26.7%，值得关注。 强劲的系统增长反映了市场对NAND技术驱动的系统升级的强劲需求。正如 财报电话会议 中所强调的，DRAM和代工逻辑客户正在积极升级其 现有系统，以适应更先进的NAND技术，并满足对AI计算和GPU的强劲需求。管理层指出，鉴于Lam Research在先进NAND技术领域的强大市 场地位，系统升级可能会推动其未来的增长。 本季度的另一大亮点是管理层对全球晶圆厂设备 (WFE) 支出充满信心，预计2025财年支出约为1000亿美元。尽管地缘政治风险和关税战不断升 级， ...

点击 上方 硬AI 关注我们 尽管英特尔一季度业绩超预期，但该公司承认这一表现可能只是受到潜在关税实施前客户集中采购的短暂提振，预计其第 二季度展望疲软，公司也宣布将裁员以削减成本和资本开支，使其运营结构更契合当前缩小业务规模的战略。英特尔预计 2025年总体资本开支目标将从200亿美元下调至180亿美元，2026年运营资本开支将进一步降低至160亿美元。受此影 响，英特尔盘后下跌超过6%。 硬·AI 数据中心与AI芯片业务营收： 英特尔第一季度数据中心与AI芯片业务营收为41.3亿美元，高于分析 师预期的29.6亿美元 作者 | 赵雨荷 编辑 | 硬 AI 英特尔试图在新任首席执行官陈立武领导下试图重振业务，但最新财报显示，尽管该公司一季度业绩超预 期，但其第二季度展望疲软，公司也宣布将裁员以削减成本和资本开支，使其运营结构更契合当前缩小业 务规模的战略。受此影响，英特尔盘后下跌超过6%。 以下是英特尔第一季度财报要点： 主要财务数据： 营收： 英特尔第一季度营收126.7亿美元，高于分析师预期的123.1亿美元。 毛利率： 英特尔一季度经调整毛利率为39.2%，相比之下其巅峰时期毛利率超过60% 每股亏损 ...