（原标题：小摩邀三巨头共论AI硬件：超大规模企业资本支出料持续 定制ASIC领域持续增长） 智通财经APP获悉，上周五，摩根大通在旧金山举办第四届年度硬件与半导体管理论坛，邀请 Arista(ANET.US)、超微电脑(SMCI.US)、高通(QCOM.US)等企业管理层参与，并与市场情报研究机构 650 Group开展AI专题讨论，核心聚焦AI驱动下硬件与半导体领域的发展动态与战略布局。 Arista在论坛中重点阐述了云与AI基础设施部署及技术优势。云巨头客户正按计划推进10万+GPU集群 部署，且随着资本支出增加，此类大规模部署将持续增长;企业与Neocloud客户则从试点阶段转向全面 生产，2026年客户数量有望进一步扩展，小型集群客户多采用分阶段部署模式。 技术层面，其非聚合调度架构(DSF)通过固定配置设备与模块化机箱结合，突破传统架构物理限制，支 持更高端口数并降低大型交换机物流挑战，具备成本效益优势。产品策略上，尽管1.6T网络产品即将推 出，400G和800G产品线仍保持强劲出货，多代产品共存满足多样化需求。 竞争优势源于顶级硬件与EOS软件中间件的结合，保障复杂部署下的稳定性能，支撑溢价定价 ...

Group 1: Semiconductor Market Overview - The global semiconductor market size reached $346 billion in the first half of the year, with Q1 at approximately $167 billion and Q2 at around $180 billion, reflecting year-on-year growth of 18.1% and 19.6% respectively [22][24] - Logic semiconductor market grew by 37%, while memory semiconductors increased by 20% in the first half of the year [24] - WSTS has raised its forecast for the global semiconductor market size for 2025 to $728 billion, a 15.4% increase from 2024, and expects it to reach $800 billion by 2026, with a 9.9% year-on-year growth [24][26] Group 2: Top Semiconductor Companies and Their Performance - Nvidia maintained its top position with Q2 revenue of $45 billion, slightly up from $44.1 billion in Q1 [2][3] - Samsung's Q2 revenue from its DS division was approximately $20.07 billion, showing an 11% quarter-on-quarter increase but a 2% year-on-year decrease [3] - SK Hynix reported Q2 revenue of approximately $16.27 billion, a 35% year-on-year increase and a 26% quarter-on-quarter increase [3] - Broadcom's Q2 revenue was $15.004 billion, a 20% year-on-year increase [3] - Intel's Q2 revenue was $12.86 billion, a slight 0.2% year-on-year increase, but it reported a net loss of $2.92 billion [3] - Qualcomm's Q2 revenue was $10.365 billion, a 10% year-on-year increase, but it fell short of market expectations [4] - Micron's Q2 revenue reached $9.3 billion, a 37% year-on-year increase [4] - AMD's Q2 revenue was $7.69 billion, a 32% year-on-year increase [4] - MediaTek's Q2 revenue was approximately $5.021 billion, showing an 18.1% year-on-year increase [4] - Texas Instruments reported Q2 revenue of $4.448 billion, a 16% year-on-year increase [5] Group 3: Market Trends and Insights - The demand for data center business continues to grow explosively, with significant contributions from hyperscalers seeking to reduce reliance on Nvidia's GPUs [7][17] - The automotive chip market is showing signs of recovery after a prolonged downturn, with expectations of normalization in inventory levels [18][21] - The high bandwidth memory (HBM) market is becoming increasingly competitive, with SK Hynix surpassing Samsung in sales [15][16] - Custom ASICs are gaining traction as companies look to optimize AI workloads and reduce dependency on general-purpose GPUs [17] Group 4: Future Outlook - AI infrastructure is expected to be a major growth driver for the semiconductor market, with projected IT investments of approximately $1.5 trillion from 2025 to 2028, of which over $325 billion will be directed towards AI platforms and infrastructure [26]