Investment Rating - The report maintains an investment rating of "Outperform the Market" [5] Core Insights - The U.S. government has released the "AI Action Plan," which includes over 90 policy measures aimed at consolidating AI dominance and strengthening technology restrictions against China [1] - Yangtze Memory Technologies Co. is set to begin trial production of its first fully domestic production line in the second half of 2025, with plans to increase monthly production capacity from 130,000 wafers to 150,000 wafers by 2025 [2] - Alphabet's Q2 revenue increased by 14% year-on-year, with a net profit of $28.196 billion, leading to a $10 billion increase in capital expenditure for 2025 [3] Industry Performance - The electronic sector saw a weekly increase of 2.85%, ranking 13th out of 31 sectors [4][30] - The semiconductor sub-sector had the highest weekly increase of 4.65%, while the components sub-sector experienced a decline of 0.85% [31][33] - As of July 26, 2025, the electronic industry PE ratio is 55.97, with a 10-year PE percentile of 76.84% [38] Investment Recommendations - For the computing power industry chain, companies such as Shenghong Technology, Huadian Co., and others are recommended for investment [9] - In the semiconductor industry chain, companies like North Huachuang, Zhongwei Company, and others are highlighted as potential investment opportunities [9]

Core Viewpoint - The article discusses the strategic shift of Yuntian Lifei towards AI inference chips, highlighting the growing demand for inference computing power as AI applications proliferate, and the company's recent product launches aimed at this market [2][3][4]. Group 1: AI Inference Market Dynamics - AI is divided into training and inference stages, with inference power demand increasing significantly; IDC reports that cloud inference computing power reached 58.5% in 2022 and is expected to rise to 62.2% by 2026 [2]. - The AI inference chip market is still in a blue ocean phase, with growth expected to outpace the training chip market in the next three to five years, indicating a transition from the training era to the inference era [3][4]. - The demand for AI inference computing is projected to grow over 80% annually, potentially surpassing training as the main driver of data center computing [15]. Group 2: Company Developments and Product Launches - Yuntian Lifei launched the DeepSky X6000 Mesh inference computing card with a computing power of 256 Tops, designed for AI inference applications, supporting 30fps 1080p video decoding [2]. - The company has developed a range of products based on the DeepSky X6000 Mesh card, including various integrated machines with up to 4 PFlops of inference computing power [2][4]. - Yuntian Lifei has successfully transitioned to domestic processes, becoming the first AI chip company to adopt domestic Chiplet technology, and has launched multiple chips under the DeepEdge10 platform [6]. Group 3: Financial Performance and Future Outlook - Yuntian Lifei reported a revenue of over 900 million yuan in 2024, a year-on-year increase of 81.3%, with Q1 2025 revenue reaching 264 million yuan, up 168.23% year-on-year [7]. - The company has signed a significant contract for AI training and inference heterogeneous computing services, expected to contribute approximately 1.6 billion yuan in revenue over three years [7]. - The CEO emphasizes the importance of AI inference chips in driving the large-scale application of AI technologies in various sectors, predicting a transformative impact on electronic products in the next five years [8][9].