Core Viewpoint - The launch of vivo X Fold5 marks a significant advancement in the foldable smartphone market, achieving the lightest foldable phone record globally and being the only model with "three-proof" features (waterproof, dustproof, and freeze-proof) [1][3] Group 1: Product Features and Innovations - vivo X Fold5 weighs only 217 grams and has a folded thickness of 9.2mm and an unfolded thickness of 4.3mm, providing a flagship smartphone feel [5] - The device features a 6000mAh equivalent battery, setting a new record for foldable phones, and introduces the second-generation semi-solid battery technology, enhancing low-temperature discharge performance [5][8] - The collaboration between vivo and suppliers has accelerated the development of high-silicon batteries and semi-solid batteries, showcasing vivo's R&D strength and driving the upgrade of the entire Chinese supply chain [8][10] Group 2: Market Trends and Competitive Landscape - The foldable smartphone market is becoming a crucial growth engine for the Chinese smartphone market, with a 53.1% year-on-year increase in foldable phone shipments in Q1 2025 [15] - vivo's market share in the Chinese foldable phone segment rose from 1.8% in H1 2022 to 18.7% in H1 2024, while overseas competitors like Samsung have seen their shares decline [15] - The global MIM (Metal Injection Molding) market is projected to grow from $4.278 billion in 2023 to $8.24 billion by 2031, with a CAGR of 8.6%, driven by the demand for complex components in foldable devices [10][11] Group 3: Supply Chain and Domestic Production - vivo X Fold5 has achieved over 90% localization in key components such as hinges and UTG (Ultra-Thin Glass), enhancing the domestic supply chain's capabilities [10] - The production of UTG glass is increasingly being led by Chinese companies, breaking the technological monopoly of foreign firms, with significant players like Kaisheng Technology and Lens Technology emerging [11] - The rise of Chinese brands in the foldable phone market is expected to boost the localization rate of foldable phone components, enhancing the overall competitiveness of the domestic supply chain [11][13] Group 4: Ecosystem Integration - vivo X Fold5 has successfully integrated with Apple Watch, enabling cross-ecosystem connectivity, which is expected to attract a significant number of Apple users [12][13] - The device also supports seamless use of cross-ecosystem headphones and facilitates the flow of calls, messages, and notifications between iPhone and vivo devices [12][13]

电子 行业研究/行业周报 算力产业不断利好，看好产业发展 ——电子行业周报（2025.05.12-2025.05.16） ◼ 核心观点 本周核心观点与重点要闻回顾 算力产业链：底层算力成为基础设施，推动行业发展。英伟达表示， 将在沙特销售数十万颗人工智能芯片，首批 1.8 万颗最新 Blackwell 芯 片将出售给沙特主权财富基金刚刚成立的人工智能初创公司 Humain。 我们认为，AI 底层算力将逐渐成为各国的基础资源，算力产业链将持 续受益。 AI 端侧：华为推出新品，继续看好相关产业链。AI 眼镜有望迎来又一 波"上新潮"。华为将于 5 月 19 日召开新品发布会，在华为终端官宣 的待发布新品中，就包含了"智能眼镜"。此外，Rokid 创始人祝铭明 在 15 日在 Rokid Glasses 新品沟通会上透露，过去三个月以来，Rokid 旗下带显示的 AI 眼镜全球已交定金订单已超 25 万台，其中在线订单 超 4 万台，今年内有望全部交付。祝铭明还透露，Rokid 一次锁定约 20 万台的供应量，支付资金已超几亿元。我们认为，随着智能眼镜等 相关产品不断推出，相关产业链将持续受益。 消费电子：202 ...