Data Center - Nvidia has ordered 300,000 H20 chips from TSMC due to strong demand in China, shifting from a reliance on inventory to actual supply [1] - Major internet companies like ByteDance, Tencent, and Alibaba are accelerating their data center construction demands, leading to potential increases in capital expenditures [1] - ByteDance plans to start its modular data center procurement project by July 30, 2025, which may provide guidance for the related sectors [1] - There is a forecasted increase in demand for H20 chips, with ByteDance potentially purchasing an additional 100,000 units and Tencent needing between 20,000 to 50,000 units [1] AI Infrastructure - ByteDance's procurement plan for modular data centers is a key part of its AI-driven data center strategy, aimed at enhancing computing power for AI model training and applications [2] - The company is expected to spend 160 billion yuan in capital expenditures by 2025, with approximately 90 billion yuan allocated for AI computing power procurement [2] - The procurement plan aligns with the H20 chip release, likely leading to explosive growth in demand across the liquid cooling, power generation, and server industries [2] Computing Power Scheduling - The first intelligent storage scheduling platform in China has been launched, addressing key challenges in data storage [3] - This platform integrates heterogeneous resources and dynamic scheduling, enhancing the foundation for nationwide data center construction and AI technology implementation [3] - The platform aims to optimize resource allocation and improve network stability, facilitating the efficient circulation and value extraction of data elements [3] Huawei Harmony - Huawei's Cangjie programming language will be open-sourced on July 30, featuring a compiler and standard library aimed at native intelligence and high performance [4] - Cangjie is designed to support all-scenario application development within the Harmony ecosystem, playing a crucial role in its infrastructure [4] Macro and Industry News - The Central Organization Department allocated 140 million yuan to support flood relief efforts in Beijing and other areas [5] - Chinese stock ETFs listed overseas have seen significant capital inflows since July [5] - The Beijing Stock Exchange is conducting self-inspections focusing on the technical and business preparations for batch switching of securities codes [5]