公众号记得加星标⭐️，第一时间看推送不会错过。 近日，据多家权威媒体消息披露，英伟达正加速推进基于Arm架构的系统级芯片（SoC）研发，计划 正式进军Windows消费级笔记本电脑市场。 此举被业界视为打破x86架构在PC处理器领域长期垄断的关键一步，预示着PC处理器的竞争格局或 将迎来新的重塑。 英伟达"跨界"突袭 据了解，英伟达计划推出的两款SoC型号分别是N1和N1X，这两款芯片打破了传统的"x86 CPU+独 立GPU"配置模式，采用CPU+GPU集成到单一SoC中的设计方案。 据悉，N1、N1X采用台积电3nm工艺，由联发科设计高效能的Arm CPU+I/O芯片组，通过600GB/s 硅桥连接英伟达自家的Blackwell架构GPU。 其中，CPU部分创新性地集成了10颗Cortex-X925高性能核心与10颗Cortex-A725高能效核心，旨在 兼顾高性能运算与长续航需求。GPU部分融入Blackwell架构GPU技术+6144个CUDA核心的强悍规 格，核显规格对标桌面级RTX 5070，有望为笔记本电脑带来媲美专业游戏显卡的图形渲染效果。 可见，英伟达在过去很长时间来对PC市场充满渴望。 但 ...

公司解释，此举旨在以更有竞争力的价格打开市场，尽管影响了短期毛利率和收入确认，但有利于长期 市场渗透。从下游客户看，服务器产品已成功导入联想、东海信息等多家厂商，2023年以来对主要客户 的销售占该系列收入超80%。 坦承与国际巨头存差距，多维度技术追赶进行时 1月26日，上海兆芯集成电路股份有限公司（简称：兆芯集成）的科创板IPO进程迎来关键进展。据上 海证券交易所官网披露，兆芯集成已完成对首轮审核问询函的回复，就市场关注的产品技术路线、收入 构成、客户结构及募投项目规划等核心问题进行了详细说明。 桌面PC处理器为当前收入基石，KX系列获市场认可 根据问询回复材料，兆芯集成自2014年起承担国家重大科技专项，确立了从桌面PC处理器向服务器处 理器延伸的技术与产品发展路径。报告期内（指2022年至2025年上半年），公司营收主要来源于"开 先"系列桌面PC/嵌入式处理器。 其中，KX-6000、KX-6000G及新一代KX-7000处理器是"开先"系列的销售主力，合计占各期主营业务收 入比例最高达106.55%。尤其是KX-6000处理器，累计销量已近350万颗，市场接受度显著。公司指出， 随着技术迭代，20 ...

这次真挺猛！18A 制程 + 两项技术打底，核显直接能扛 3A 大作，开起 XeSS 技术《黑神话》帧率飙到 209 帧。180 TOPS AI 算力本地处理超丝滑，99.9Wh 大电池从早用到晚还剩 56% 电量，这次英特尔AI PC性能续航全在线～ 这次真挺猛！18A 制程 + 两项技术打底，核显直接能扛 3A 大作，开起 XeSS 技术《黑神话》帧率飙到 209 帧。180 TOPS AI 算力本地处理超丝滑，99.9Wh 大电池从早用到晚还剩 56% 电量，这次英特尔AI PC性能续航全在线～ ...

当下，文生图、文生视频、图生视频等AIGC创作成为内容创作的主要形式。ProArt系列AI专业创作 本，深度融入中国首部全流程AIGC动画电影《团圆令》制作流程，以强大性能、专业显示与AI体验为 创作团队提供更智慧、高效、便捷的创作体验。现场，华硕ProArt笔记本产品经理 林善典 携手《团圆 令》动画导演 马腾 ，通过对谈与产品体验揭开ProArt系列在实际创作流程中的高能表现，重磅发布全 新华硕ProArt 创13 2026。 新浪数码讯 1月22日晚间消息，#超能芯生 智启未来# 2026全新华硕AMD锐龙AI PC全能本新品发布会 正式召开。华硕以全场景生态布局开篇，发布ProArt 创13 2026、灵耀16 Air 2026、a豆14 Air 2026、无 畏Pro14/16 2026全系列新品，覆盖专业创作、高端办公、年轻潮流与全能体验等多个领域，继续在AI PC方向发力。 发布会上，华硕电脑PC&智能创新产品事业群副总经理 杨鉴文 ，深度揭秘2026华硕AI PC新品，从技 术突破到价值升维的创新升级之处。他表示，基于全新AMD锐龙AI平台，华硕轻薄本全系新品突破在 性能、屏幕、AI应用以及外 ...

智迪科技在投资者关系活动中表示，AIPC的兴起与国内电竞产业的快速发展为公司带来显著增长空 间。AI PC出货量增长带动高性能外设配套需求，电竞市场高端化趋势则提升磁轴键盘等产品的渗透 率。公司凭借磁轴核心技术及垂直一体化制造能力，持续获得国际一线品牌的高端产品订单，推动业绩 实现稳健增长，产品结构与盈利能力同步优化。 ...

Core Viewpoint - Intel has made a remarkable comeback after a prolonged period of decline, with significant stock price growth and a resurgence in market confidence, driven by strategic leadership changes and product innovations [1][2]. Group 1: Stock Performance - Intel's stock price has surged 165.8% from its 52-week low of $17.67 at the beginning of 2025, with a total increase of 138.7% throughout the year, outperforming the S&P 500's 16.9% gain [1]. - In the early days of 2026, Intel's stock rose by 31%, while the broader market only increased by 1.02%, indicating strong investor enthusiasm [1]. - As of now, Intel's market capitalization has rebounded to approximately $224.3 billion [1]. Group 2: Key Factors for Recovery - The new CEO, Pat Gelsinger, is credited with implementing aggressive structural reforms that have successfully redirected the company's operations [1]. - U.S. government support has become increasingly clear, with President Trump expressing pride in being an Intel shareholder, which has rekindled global interest in the company [2]. - Intel received a crucial investment from Nvidia at the end of 2025, providing not only necessary funds but also credibility from a leading global company [2]. Group 3: Product Innovations - Intel is focusing on regaining market share lost to AMD, showcasing its next-generation Core Ultra Series 3 processors at CES 2026, which are produced using the advanced Intel 18A process [2]. - The Intel 18A process is touted as the most advanced semiconductor manufacturing technology developed in the U.S., aimed at restoring consumer and enterprise trust while establishing leadership in the AI PC era [2]. - There are rumors that Apple may adopt Intel's 18A-P technology for future Mac and iPad products, which would signify a significant achievement for Intel in the foundry business [3]. Group 4: Financial Performance - In Q3 of the 2025 fiscal year, Intel reported revenue of $13.65 billion, a 3% increase from the previous year, exceeding analyst expectations [3]. - GAAP EPS rose to $0.90, a significant turnaround from a loss of $3.88 per share in the same quarter the previous year, and well above the market's expectation of a loss [3]. - Gross margin improved from 15% to 38.2%, and operating margin turned positive at 5%, compared to a staggering negative 68.2% the previous year [3][4]. Group 5: Market Expectations - All eyes are on Intel's upcoming Q4 2025 earnings report, with revenue estimates ranging from $12.8 billion to $13.8 billion and a projected non-GAAP gross margin of 36.5% [4]. - KeyBanc upgraded Intel's rating to "outperform" on January 13, citing strong demand for AI data center chips [4][5]. - Despite a cautious overall market sentiment, the most optimistic analysts have set a target price of $60 for Intel, indicating a potential upside of nearly 28% if the earnings report is strong [5].

Core Insights - Intel has launched the Core Ultra processors based on the new Panther Lake platform, marking a significant advancement in semiconductor manufacturing with the introduction of the Intel 18A process technology [2][3] - The company anticipates 2026 to be a pivotal year for the industry, with a surge in AI, computing, and process technology [2] - The Core Ultra processors demonstrate enhanced CPU performance, leading GPU integration, and improvements in energy efficiency, gaming performance, connectivity, and AI capabilities [2] Manufacturing Technology - The Core Ultra processors utilize Intel's 18A process technology, featuring backplane power delivery and a mixed architecture of performance cores, efficiency cores, and LPE efficiency cores [3] Performance Metrics - The Panther Lake platform supports up to 27 hours of battery life, with CPU performance improved by 60%, graphics performance by 77%, and overall AI performance doubled compared to the previous generation [4] - The new platform achieves a total computing power of 180 TOPS, capable of running large models with 700 billion parameters, and features a low-power NPU with 50 TOPS, enhancing inference performance by 2 times [4] AI Strategy and Market Position - Intel supports over 350 independent software developers and more than 900 AI models for local deployment, indicating rapid growth in the AI PC ecosystem [6] - The company plans to release the first Core Ultra-equipped PCs globally on January 27, with a total computing power equivalent to 40 data centers [6] - Intel's strategy includes the simultaneous launch of edge processors and corresponding PC versions, aiming to accelerate AI deployment in various sectors [6] Market Outlook - Following the restart of its wafer foundry business, Intel aims to validate its manufacturing technology through product performance and market success, which is crucial for future advancements [8] - The capital market outlook for Intel is optimistic, with a 32% increase in stock price year-to-date as of January 14, 2026, and a notable 10.6% rise over two days [8]

Investment Rating - The report maintains a positive outlook on Lenovo Group, with expectations of net profit growth in the third quarter of fiscal year 2026, driven by robust PC shipments and stable profit margins [4]. Core Insights - Lenovo's PC business is expected to remain resilient, with a projected year-on-year revenue increase in the third quarter of fiscal year 2026, despite rising memory prices impacting profit margins [4][5]. - The Infrastructure Solutions Group (ISG) is anticipated to approach breakeven in operating profit margins, with profitability expected in the fourth quarter of fiscal year 2026 due to product mix optimization and sales team restructuring [4]. - Lenovo's strong bargaining power and large-scale procurement capabilities position it favorably against competitors, allowing it to better manage cost pressures and transition towards the high-end market [4]. Summary by Relevant Sections Company Overview - Lenovo is the largest PC brand globally, holding a 24% market share in sales. The company has expanded its global footprint through acquisitions and joint ventures in the PC, smartphone, enterprise server, and cloud service sectors [8]. - Approximately 80% of Lenovo's revenue comes from laptops and desktops, while 10% is derived from smartphones and another 10% from servers, services, and software [8]. Revenue Breakdown - The revenue distribution by product category is as follows: Intelligent Devices Group (73.1%), Infrastructure Solutions Group (14.6%), and Solutions and Services Group (12.3%) [9]. - The revenue distribution by region is: Asia (39.8%), Americas (34.5%), Europe (17.3%), and Middle East & Africa (8.5%) [9]. Catalysts - Key catalysts for Lenovo's growth include a rebound in global PC shipments, continuous market share expansion in the PC segment, AI PC launches boosting shipments and profit margins, and improved profitability prospects in the server business [6].

Core Viewpoint - The company, Demingli, is experiencing fluctuations in stock performance and is focusing on expanding its product offerings in the AI and storage sectors, while also benefiting from the depreciation of the RMB. Group 1: Company Overview - Demingli specializes in the design and development of flash memory controller chips and storage module products, primarily targeting the mobile storage market [2] - The company was established on November 20, 2008, and went public on July 1, 2022, with its main business revenue composition being 41.37% from embedded storage products, 37.34% from solid-state drives, 13.06% from mobile storage, and 8.22% from memory modules [7] - As of December 31, the number of shareholders decreased by 15.60% to 55,300, while the average circulating shares per person increased by 18.48% to 2,910 shares [8] Group 2: Financial Performance - For the period from January to September 2025, Demingli achieved a revenue of 6.659 billion yuan, representing a year-on-year growth of 85.13%, while the net profit attributable to the parent company was -27.0765 million yuan, a decrease of 106.42% year-on-year [8] - The company has distributed a total of 78.2496 million yuan in dividends since its A-share listing [9] Group 3: Market Position and Product Development - Demingli has launched a new series of DDR5 SO-DIMM and U-DIMM memory modules for AI PCs, with a single module capacity of up to 48GB and a theoretical bandwidth of 32GB/s, aimed at enhancing AI storage solutions [2] - The company has been recognized as a "specialized and innovative" small giant enterprise, indicating its strong market position and innovation capabilities [2] - As of the latest report, overseas revenue accounted for 69.74% of total revenue, benefiting from the depreciation of the RMB [3]

Core Insights - The rise of AI PCs, capable of independently processing AI tasks, is becoming increasingly significant as the cost of computing power for large models continues to rise [2][3] - Intel's CEO, Pat Gelsinger, announced the launch of the third-generation Core Ultra processor using Intel 18A technology at CES 2026, which is expected to enhance performance and efficiency in AI PCs [2][4] - The integration of CPU, GPU, and NPU in Intel's AI PC processors allows for more local processing of AI tasks, attracting interest from consumers and cloud computing companies [3][4] Group 1: AI PC Development - As of January 2026, over 100 million AI PCs equipped with Intel processors have been shipped globally, with their combined computing power equivalent to that of 40 data centers [4] - Intel has partnered with over 200 independent software vendors (ISVs) to develop more than 500 AI applications based on AI PCs, indicating a growing ecosystem [4][10] - The AI PC is seen as a resource that is currently undervalued, with potential to alleviate financial pressures on software companies by allowing local processing of AI tasks [3][4] Group 2: Technological Advancements - The Intel 18A process technology improves energy efficiency by 15% and increases chip density by 30%, allowing for more features to be integrated into smaller chip areas [7][10] - The third-generation Core Ultra processor is designed to achieve 40% better performance at the same power consumption compared to previous generations [7] - AI PCs are expected to enhance user experiences in various applications, including gaming, by providing smoother performance through AI-generated frames [9][10] Group 3: Collaboration with Cloud Services - Intel is exploring the collaboration between AI PCs and cloud services, with the aim of providing users with greater control, lower costs, and improved privacy [20][21] - The current strategy involves a static allocation of tasks between local and cloud resources, with ongoing efforts to create a more dynamic system [18][20] - Applications that benefit from the collaboration include content creation tools, where local processing can enhance performance and reduce reliance on cloud resources [19][20] Group 4: Future Directions - The company aims to drive the large-scale deployment of AI PCs in 2026, focusing on optimizing applications to enhance user experience [9][20] - Intel is committed to supporting developers by providing tools and frameworks that facilitate the integration of AI capabilities into existing software [12][22] - The company recognizes the importance of local AI capabilities and is actively working to strengthen its partnerships with OEMs and ODMs, particularly in the Chinese market [23]