Core Viewpoint - Xiaomi has made significant strides in self-developed chip technology, showcasing its "玄戒 O1" chip, positioning itself as the fourth global company capable of designing 3nm SoC chips, following Apple, Qualcomm, and MediaTek [1][28]. Group 1: Xiaomi's Development Journey - Xiaomi's journey in chip development has spanned 11 years since the establishment of Pinecone Electronics, contrasting with Huawei's 22-year timeline [1][28]. - The company has leveraged its manufacturing advantages and internet thinking to disrupt high-value markets dominated by Apple and Samsung, creating a "catalyst effect" in the Chinese tech ecosystem [1][12]. - Xiaomi's approach integrates supply chain resources and fosters close partnerships with suppliers, ensuring product quality and stability [12][13]. Group 2: Market Position and Strategy - Xiaomi's strategy emphasizes high cost-performance, targeting young consumers and ordinary families, while Huawei focuses on the mid-to-high-end market with a premium pricing strategy [20][25]. - The competition between Xiaomi and Huawei is not merely adversarial; both companies contribute to a robust consumer electronics ecosystem that drives innovation and product iteration [25][18]. - Xiaomi's expansion into smart home products and other categories reflects its commitment to building a comprehensive smart ecosystem, with over 1 billion connected IoT devices [19][20]. Group 3: Industry Impact and Future Outlook - The collaboration between Xiaomi and Huawei in supporting suppliers like OFILM Group demonstrates their influence and bargaining power within the supply chain [16][18]. - The evolution of the Chinese consumer electronics industry showcases a shift from OEM and imitation to self-branded products, driven by local market demands [18][30]. - The need for more companies like Xiaomi is emphasized, as they play a crucial role in making technological advancements accessible to the general public [30].

Investment Rating - The report maintains a positive outlook on domestic computing power opportunities in the context of U.S. restrictions on advanced chip exports to China and the increasing urgency for domestic chip replacement [3]. Core Insights - NVIDIA is set to launch a new custom chip B40 for the Chinese market, priced between $6,500 and $8,000, significantly lower than the previous H20 model priced at $10,000 to $12,000. The new chip's performance is expected to be inferior to both its predecessor and mainstream domestic chips [2][5]. - The urgency for domestic computing power alternatives continues to rise due to geopolitical tensions and export restrictions [3]. Summary by Sections Industry Dynamics - NVIDIA's new chip B40 will not utilize CoWoS technology and will replace HBM with GDDR7 memory, resulting in a bandwidth of 1.7TB/s, down from 4TB/s in the H20 model. The expected shipment volume for 2025 is 1 million units [2][5]. - Xiaomi has launched its self-developed 3nm flagship chip "玄戒 O1," which integrates 19 billion transistors and will debut in the Xiaomi 15S Pro. The company has invested over 13.5 billion yuan in the chip's development [5]. - AMD is selling its ZT Systems server manufacturing business for $3 billion, focusing on chip design and software support while maintaining relationships with key clients [6]. - TSMC has declined offers to build factories in India, opting instead to collaborate with Powerchip for wafer fabrication [6]. - Semiconductor capital expenditure is projected to grow by 27% in Q1 2025, driven by AI-related investments, with memory-related investments increasing by 57% [6]. - GigaDevice plans to issue H shares to enhance its global strategy and brand image [6]. - NVIDIA has introduced NVLink Fusion technology, allowing third-party processors to work with NVIDIA chips, marking a significant shift in its ecosystem [6]. - Qualcomm is re-entering the data center market, expanding its CPU offerings beyond mobile and PC [6]. - TSMC plans to increase wafer prices, with a 10% rise expected for 2nm wafers [6]. - NVIDIA has launched the NVIDIA DGX Cloud Lepton platform, providing GPU resources to AI developers globally [7]. - GlobalWafers America has officially opened a new semiconductor wafer manufacturing facility in Texas, with plans for further investment [7]. - Samsung is developing a new product that combines NAND flash with DRAM memory, targeting commercialization by 2027 [7].

Core Viewpoint - Xiaomi has launched its new electric SUV, the YU7, during its 15th anniversary event, showcasing advanced design and technology features aimed at expanding its automotive market presence [2][53]. Design and Aesthetics - The YU7 features a unique design inspired by luxury cars, with a focus on proportions such as a 3:1 wheelbase ratio and a 1.3:1 head-to-body ratio, contributing to its aesthetic appeal [6][8]. - The vehicle is available in multiple colors, including a gem-inspired green and a futuristic titanium color, achieved through advanced painting techniques [4][10]. - The design has drawn comparisons to the Ferrari Purosangue, highlighting its distinctive proportions and luxury appeal [10][12]. Technological Innovations - The YU7 incorporates a "sky screen" projection technology that enhances the driving experience by displaying information directly in the driver's line of sight, with a peak brightness of 1200 nits [32][36]. - The vehicle features over 40 aerodynamic optimizations, resulting in a reduced drag coefficient of 0.245Cd and an extended range of 836 km for the standard version [20][48]. Performance Specifications - The YU7 is offered in three versions: a standard rear-wheel drive, a dual-motor all-wheel drive Pro version, and a Max version, with power outputs ranging from 235 kW (320 hp) to 508 kW (690 hp) [46][49]. - The vehicle is equipped with a large 96.3 kWh battery, enabling it to achieve significant ranges, making it a leader in the mid-to-large electric SUV segment [48]. Market Positioning and Future Plans - The launch of the YU7 is a strategic move for Xiaomi to solidify its brand presence in the competitive SUV market, following the success of its previous model, the SU7, which sold 28,000 units [53][55]. - Xiaomi plans to expand its product lineup with a range of vehicles, including a potential entry into the budget segment with a range-extended SUV expected by 2026 [55][57].

两家公司在一份联合新闻稿中宣布了这一消息。与往年一样，小米今年将再次成为首批采用下一代旗舰骁龙 8 系列芯片的厂商之一，用于其高端智能手机 —— 不仅针对中国市场，也针对全球市场。 IT之家 5 月 20 日消息，小米与高通在手机芯片供应方面一直有着良好合作，双方今日庆祝长达 15 年的合作，并宣布达成多年协议。 小米集团 CEO 雷军表示："小米一路从初创公司发展成为全球科技领军企业，高通技术公司始终是我们最值得信赖、最重要的合作伙伴之一。我们期待下一 个 15 年继续携手合作，利用高通技术公司先进的骁龙平台和技术，为全球用户提供更具创新性的高品质产品。" 高通公司总裁兼 CEO 安蒙表示："高通和小米一直携手并进，持续打造备受全球消费者青睐的非凡产品。我们非常珍视这一合作伙伴关系，庆祝双方 15 年 的合作历程，也非常期待未来继续携手同行。通过骁龙平台，我们将持续赋能小米的旗舰智能手机，并期待进一步扩展合作领域，涵盖汽车、智能家居、可 穿戴设备、AR / VR 眼镜、平板电脑等。" 在协议期内，小米的旗舰智能手机产品将持续搭载骁龙 8 系移动平台，覆盖多个产品代际，并将在中国及全球市场销售，出货量预计逐年 ...

电子行业 2025 年 5 月 17 日 | 涨幅 TOP5 | 最新 | 周涨跌幅 | 总市值 | | --- | --- | --- | --- | | 精研科技 | 40.51 | 20.53 | 75.38 | | *ST 宇顺 | 13.19 | 20.46 | 36.97 | | 思泉新材 | 73.50 | 16.32 | 42.40 | | 利扬芯片 | 20.06 | 15.95 | 40.36 | | 迅捷兴 | 19.16 | 13.11 | 25.56 | | 跌幅 TOP5 | 最新 | 周涨跌幅 | 总市值 | | 电连技术 | 43.80 | -12.22 | 185.62 | | 长光华芯 | 55.11 | -11.04 | 97.15 | | 天承科技 | 66.98 | -10.43 | 56.23 | | 福光股份 | 35.31 | -8.64 | 56.69 | | 华特气体 | 48.88 | -6.90 | 58.84 | | 行业指数相对沪深 300 表现 | | | | | 7000.00 | | | | | 6000.00 | | | | | 5000.0 ...

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整理 | 傅宇琪、褚杏娟 字节多地开始禁止打包餐食回家；腾讯：已囤足够 GPU 训练未来几代模型；"一码难求"Manus 开放 注册；Kimi 界面升级后被指"不如之前有人味儿了"；传英伟达将全球总部设在中国台湾省；华强北 CPU 等产品报价已恢复正常；小米自研 SoC 芯片玄戒 O1 突然官宣；曝哪吒汽车被申请破产；微软 裁员风暴：受 AI 影响，软件工程岗位成重灾区，占比超 40%；曝通用汽车在华进口车平台道朗格全 员被裁，补偿小 N+3；宁德时代即将登陆港股，将成本年度最大港股 IPO…… 行业热点 字节多地开始禁止打包餐食回家 据九派财经报道，字节多地工区开始禁止外带餐食。北京一字节员工告诉记者，最近字节发了内部通 知，职场三餐、随餐饮品、水果、茶水间零食等应现场即取即用，不可带离职场。同时，通知声明职 场餐食外带行为，违反餐饮管理规定，严重侵占情况将会面临退赔、警告、辞退等不同程度的处罚。 午休政策也在发生调整，以前唯一可以关灯午休的深圳工区宣布午睡时不得关灯。由于办公室拥挤， 北京及深圳工区开始限制折叠床的使用。多位字节员工称，现在折叠床不能放在公共区域午睡。 字节一位内部知情人士告诉记者："餐食 ...

南财早新闻，早听早知道。 今日关注 1、5月18日凌晨3时55分，迄今发现的中国最早的帛书——子弹库帛书第二、三卷，结束在美国的79载 漂泊，抵达北京首都国际机场，终于回到祖国。 2、端午假期首日火车票于5月17日开售，端午假期最后一天的返程火车票5月19日开售。由于距离五一 较近，今年端午将是个"不贵不挤"的小假期，端午旅游市场呈现出短途游主导、民俗体验升温、时令美 食驱动等特点。 宏观经济 1、工信部副部长张云明：中国建成全球技术领先、规模最大的信息通信网络，5G应用融入97个国民经 济大类中的86个，工业互联网实现41个工业大类全覆盖。要加速推进5G-A、6G技术研发、产业培育和 应用发展，深入推进网络新型基础设施跨区域、跨行业协同建设。 2、北京天坛医院脑机接口临床与转化病房成立，是我国首个将脑机接口技术应用于临床的病房。未 来，该病房将开展科研及临床试验，为偏瘫等神经系统疾病患者提供创新治疗。 3、5月17日，朱雀二号改进型遥二运载火箭在东风商业航天创新试验区发射升空，将搭载的6颗卫星顺 利送入预定轨道，飞行试验任务获得圆满成功。 4、上海在全国率先试点的首发进口消费品检验便利化措施实施以来，已有1 ...

地址：北京市朝阳区朝阳门外大街甲6号万通中心D座20层（100020） 总机：010-8535 6666 资讯早间报 制作日期： 2025/05/16 隔夜夜盘市场走势 1. 国际贵金属期货普遍收涨，COMEX 黄金期货涨 1.74%报 3243.90 美元/盎司， COMEX 白银期货涨 1.07%报 32.79 美元/盎司。 2. 国际油价大幅走低，美油主力合约收跌 2.31%，报 61.69 美元/桶；布伦特原 油主力合约跌 2.22%，报 64.62 美元/桶。 3. 伦敦基本金属收盘涨跌不一，LME 期铅涨 0.60%报 2004.50 美元/吨，LME 期 锌跌 1.29%报 2726.00 美元/吨。 4. 国内期货主力合约大面积飘绿。沪金、沪银涨超 1%，乙二醇涨近 1%，苯乙 烯小幅上涨；跌幅方面，SC 原油跌超 3%，焦煤跌超 2%，豆油、低硫燃料油 （LU）、棕榈油、燃料油、玻璃、焦炭、豆二跌超 1%。 5. 芝加哥期货交易所（CBOT）农产品期货主力合约收盘涨跌不一，大豆期货跌 2.27%报 1053.25 美分/蒲式耳，玉米期货涨 62%报 448.25 美分/蒲式耳，小麦期 货涨 ...