Core Viewpoint - The article discusses the impact of recent regulatory changes and market dynamics on the domestic AI chip industry, particularly focusing on the shift towards domestic chips and the evolving landscape of computing power rental and supply chain management. Group 1: Regulatory Changes and Market Dynamics - A new "window guidance" document mandates that projects with local subsidies must exclusively use domestic chips, prohibiting the use of foreign GPUs like H20 in new market-oriented projects [2] - Projects outside the "national hub computing power facility cluster" will not receive financial or electricity subsidies, leading to the cancellation of existing local policies [2] - The ban on foreign chips and the push for domestic alternatives create a favorable environment for domestic AI chip manufacturers [3] Group 2: Computing Power Rental Market - Major companies in East China are paying significantly higher rental prices for computing power, which benefits both the companies and their IDC partners by enhancing cloud business collaboration and easing financial pressures [5] - The rental market is seeing a shift, with a model company planning to lease 60 H200 servers, indicating a trend towards smaller, more flexible rental agreements that align with technology upgrade cycles [8] - GPU rental prices have drastically decreased, with H100 prices dropping from 60,000-80,000 yuan to around 40,000 yuan, while H200 is priced at 60,000 yuan, making it a more attractive option for companies [9] Group 3: Supply Chain and Vendor Management - Leading companies are tightening their supplier networks, imposing penalties exceeding 100 million yuan on non-compliant suppliers, indicating a move towards a more stable and closed supply chain [6] - The construction of computing centers is now focused on calculating potential losses rather than profits, reflecting a more cautious approach in project planning due to delayed subsidy disbursements [7] Group 4: Emerging Trends in Chip Technology - Domestic RISC-V chip companies are expected to aggressively enter the server market next year, with several firms already developing high-performance RISC-V server chips [10][11] - The storage chip market is experiencing price increases driven by strong demand from AI and high-performance computing sectors, with distributors adopting strategies to hold inventory until prices rise further [12]

Core Viewpoint - The Ministry of Industry and Information Technology and the State Administration for Market Regulation have issued the "Action Plan for Stable Growth of the Electronic Information Manufacturing Industry 2025-2026," focusing on innovation and technological advancement in the sector [1] Group 1: Innovation and Technology Development - The plan emphasizes the construction of innovation platforms such as manufacturing innovation centers in the electronic information sector, aiming to strengthen the supply of key common technologies [1] - Continuous support for technological innovation in fields such as integrated circuits, advanced computing, future displays, and new industrial control systems will be provided through national key research and development programs [1] Group 2: Collaborative Research and Development - The plan aims to enhance collaborative research efficiency and support basic research in cutting-edge technology areas, including artificial intelligence, advanced storage, three-dimensional heterogeneous integrated chips, and all-solid-state batteries [1] - Focus will be placed on key aspects of the photonics field, with increased investment in research and development for high-speed optical chips and optoelectronic co-packaging [1] Group 3: Spatial Information Industry and Navigation Technologies - The strategy includes a comprehensive approach to the spatial information industry, promoting the coordinated development of satellite positioning, navigation, timing, remote sensing, geographic information systems (GIS), communication, and networks [1] - Key technologies for the BeiDou system, such as multi-source fusion positioning, seamless indoor-outdoor positioning, low-orbit navigation enhancement, and adaptive anti-jamming and anti-spoofing, will be targeted for breakthroughs [1] Group 4: New Industrial Control Systems - The plan accelerates the research of new industrial control systems and operating system architectures that are networked, open, intelligent, and collaborative [1] - The development of the RISC-V industry will be promoted, focusing on product technology research and development, standard system construction, application implementation, and international cooperation [1]