Group 1 - Apple stock price has recently strengthened, with Morgan Stanley and JPMorgan both optimistic about the supply chain outlook [1] - Morgan Stanley raised its 2025 iPhone production forecast to 251 million units, a 6% year-on-year increase, driven by strong demand for the iPhone 17 series [1] - The delivery times for the iPhone 17 models have remained long, indicating strong sales performance in the Chinese market [1] Group 2 - Morgan Stanley is not pessimistic about long-term iPhone shipments, expecting new product types to be launched between 2026 and 2027, including the iPhone 17e and a foldable iPhone [2] - The optical component suppliers, such as Largan Precision, are expected to benefit from the iPhone's specification upgrades, with strong growth potential [2] - Apple is predicted to be a rare bright spot in the PC semiconductor market, with MacBook shipments expected to grow by 9% in 2025 and 3% in 2026 [2] Group 3 - The overall PC market remains weak, but components related to iOS are expected to perform well due to better cost-performance ratios [3] - Morgan Stanley upgraded the ratings for two Taiwanese suppliers, ILI Technology from "Neutral" to "Outperform" with a target price increase from 120 to 150 TWD, and Preeg-KY from "Neutral" to "Outperform" with a target price increase from 747 to 888 TWD [3] - The stock prices of ILI Technology and Preeg-KY rose by 6.2% and 4.7% respectively following the upgrades [3]

Core Insights - Qualcomm is planning to enhance its next-generation high-end PC CPU, Snapdragon X Elite, with an increase in core count from 12 to potentially 18 cores, targeting the desktop and high-end laptop markets [1][2][3] - The internal model SC8480XP is being tested with advanced specifications, including 48 GB RAM and a 1TB SSD, indicating a focus on high performance and thermal management [3][4] - The introduction of a desktop SoC product line is seen as a strategic move for Qualcomm, especially with the growing adoption of "Windows on ARM" [2][5] Group 1 - Qualcomm's Snapdragon X Elite is expected to feature up to 18 cores, enhancing its capabilities compared to the previous generation [1][3] - The company is testing a platform internally codenamed "Project Glymur," which may lead to a dedicated desktop CPU line [2][5] - The new CPU is anticipated to have a higher thermal design power (TDP) than the first generation, likely exceeding 80 watts, which suggests improved performance [3][4] Group 2 - The integration of components in a system-in-package (SiP) format is being explored, which could improve performance and thermal management but may increase manufacturing complexity [4][5] - Qualcomm's entry into the desktop CPU market faces challenges from established competitors like Intel and AMD, necessitating significant investment in R&D and manufacturing processes [5] - The future of ARM architecture in mainstream devices remains uncertain, particularly regarding adoption rates and competition with entrenched x86 systems [5]