根据集邦咨询的数据，2024年第四季度，台积电占据了半导体代工市场约三分之二的份额。 Counterpoint研究总监Brady Wang表示，随着芯片行业继续更加关注先进节点，鉴于其强大的技术实 力，预计台积电将保持强势地位。 Counterpoint Research表示，苹果(AAPL.US)、高通(QCOM.US)和联发科可能会在2026年下半年推出2nm 系统级芯片(SoC)，新处理器可能由台积电(TSM.US)制造。 根据Counterpoint的报告，随着各公司在设备中集成更多人工智能(AI)功能，3nm和2nm节点的采用正在 加速，部分归功于其更强的性能与能效。该机构还表示，苹果将成为这一技术升级的主要推动者，其今 年超过80%的产品线将采用3nm制程技术。 Counterpoint高级分析师Parv Sharma在一份声明中表示："当前对复杂设备端人工智能功能的需求，极大 地推动了向更小、更强大、更高效的节点转型。由于晶圆价格上涨和智能手机系统级芯片中半导体含量 的增加，系统级芯片的整体成本上升。3nm和2nm节点将迎来一个重要里程碑，预计到2026年，三分之 一的智能手机系统级芯片将采用这 ...

芯原股份近日宣布其车规级高性能智慧驾驶系统级芯片(SoC)设计平台已完成验证，并在客户项目上成 功实施。基于芯原的芯片设计平台即服务(Silicon Platform as a Service,SiPaaS)业务模式，该平台可为自 动驾驶、智能驾驶辅助系统(ADAS)等高性能计算需求提供技术支持。 ...

Investment Rating - The report does not explicitly state an investment rating for the industry or companies involved [1]. Core Insights - The Beijing Stock Exchange (BSE) has optimized its new stock issuance process, reducing the overall time by approximately 20% [3][8]. - The average first-day price fluctuation for companies listed on the BSE in 2024 reached 218% [17][32]. - Among the companies accepted by the BSE, 59% are classified as national-level specialized and innovative "little giants" [35][37]. Summary by Sections 1. Clarified Rules - The BSE has implemented new rules that allow investors to participate in new stock subscriptions without needing to prepare a holding market value, thus lowering the entry barrier [3][13]. - The funds for new stock subscriptions are frozen for 2 trading days, and if not allocated, they are released on T+2 [16] [20]. 2. Data Insights - The number of companies listed on the BSE reached 265 by the end of 2024, with only 23 new listings that year [17][18]. - The average issuance price-to-earnings ratio for companies listed on the BSE decreased from 22.33 times in 2022 to 15.45 times in 2024 [18][19]. - The average amount of frozen funds for online issuance increased significantly from 369.43 billion in 2023 to 2128.97 billion in 2024, marking a growth rate of 476.3% [20][21]. - The average effective subscription multiple for companies listed on the BSE rose from 218.27 times in 2022 to 1478.95 times in 2024 [22][29]. - The average winning rate for subscriptions decreased from 3.28% in 2022 to 0.1% in 2024 [25][26]. 3. Forward-Looking Insights - Among the 98 companies accepted by the BSE, 31 hold a high industry position, with 5 recognized as national-level manufacturing champions [35][37]. - The report identifies 8 high-quality companies based on scale, growth, profitability, and research and development capabilities [35][37].