如果大家关注手机芯片，就一定会知道苹果的A系列芯片，以前是真的强，完全是领先安卓芯片一代。 如果在以前，像苹果2020年推出的A系列芯片，可以打赢高通、华为、联发科等在2021年推出的芯片，你说强不强？ 不过，这几年因为苹果精力分散，又是研发M系列芯片，又是研发基带芯片，在A芯片上表现越来越不给力了。 | сри | | CPU Mark | | | --- | --- | --- | --- | | > | Apple A19 | | 5,177 | | 2 | Apple M3 Ultra 28 Core | | 5,136 | | 2 | Apple A19 Pro | | 5,123 | | 2 | Apple M3 Ultra 32 Core | | 5,106 | | 25 | Intel Core Ultra 9 285K | | 5,095 | | 2 | Intel Core Ultra 9 285 | | 4,927 | | 2 | Intel Core Ultra 7 265K | | 4,918 | | 5 | Intel Core Ultra 7 265KF | | 4,917 | ...

Group 1 - The core truth of today's investment world is that technological moats are failing, supply chains are critical to a company's survival, and the key metric determining value is "pulsation speed" [1][2] - Dell's stock price surged 269 times in the 1990s due to its innovative supply chain design, which included zero finished goods inventory and direct sales to customers [1][2] - Silicon Graphics, once a leader in 3D graphics technology, faced a dramatic decline due to supply chain failures, highlighting the importance of supply chain resilience [2] Group 2 - The "pulsation speed" framework from MIT analyzes how industries oscillate between vertical integration and horizontal modularity, with the transition speed determined by the industry's pulsation speed [5][7] - Different industries exhibit varying pulsation speeds, with personal computers having a product pulsation speed of less than 6 months, while pharmaceuticals can take over 10 years for new drug development [6][14] - The "whip effect" illustrates how small demand fluctuations can be amplified throughout the supply chain, leading to significant impacts on upstream suppliers [8] Group 3 - The three-dimensional capability chain map helps analyze a company's competitive position within its supply chain and technology ecosystem, focusing on organizational, technological, and capability chains [10][11][12] - Companies must adapt to market changes by managing their resources efficiently, as demonstrated by Dell's just-in-time production model that minimizes inventory cycles [13] - Investment strategies should be tailored based on industry types, such as "fruit fly" industries with rapid iteration cycles and "elephant" industries with stable cash flows [18][20]

Core Viewpoint - Intel is experiencing a potential turnaround with new developments in its 14A process technology, which may involve collaboration with Apple and interest from Nvidia [3][4]. Group 1: Intel's 14A Process Technology - Intel's upcoming 14A process will introduce the second generation of RibbonFET and PowerDirect power delivery architecture, building on the PowerVia technology from its 18A process [3]. - The 14A process is targeted at applications in AI and edge computing, with early versions of the 14A Process Development Kit (PDK) provided to key customers, including Nvidia and Apple, for testing [3]. Group 2: Market Dynamics and Competition - Intel's future in the advanced process competition is uncertain, as the company has stated it will exit if it cannot attract significant external customer orders for its 18A and 14A processes [3]. - The semiconductor supply chain is currently dominated by TSMC, leaving major tech companies with limited options regarding node pricing and capacity allocation [4]. - Apple's consideration of Intel's 14A process is significant, as it may diversify its supply chain, especially with TSMC expected to launch its A14 process around the same time [4]. Group 3: Nvidia's Interest - Nvidia has shown interest in collaborating with Intel for its foundry business, driven by the strong demand in the AI sector, indicating that Nvidia cannot rely solely on one foundry [4].

Core Viewpoint - Intel is facing significant challenges as it plans to shut down its automotive business and lay off employees, marking a difficult period in its transformation journey. Meanwhile, Apple is transitioning away from Intel chips, with macOS 26 Tahoe being the last version to support Intel architecture, indicating a shift towards Apple Silicon chips [1][22]. Group 1: Intel's Historical Context and Current Challenges - Intel has historically dominated the PC processor market with its x86 architecture, achieving significant milestones since the launch of its first microprocessor in 1971. The partnership with IBM in 1981 solidified its position in the market [4][6]. - The rise of AMD as a competitor has been notable, especially with AMD's Zen architecture significantly improving performance and market share, indicating a shift in competitive dynamics [5][6]. - Intel's recent struggles are attributed to delays in technology innovation, particularly with its 10nm and 7nm processes, allowing competitors like Apple to gain an advantage with their ARM-based M series chips [32][33]. Group 2: Apple's Rise and Impact on the Market - Apple's transition to ARM architecture began with the introduction of the M1 chip in 2020, which demonstrated performance comparable to high-end x86 processors while maintaining lower power consumption [18][19]. - The success of Apple's M series chips has led to a significant increase in ARM's market share in the PC segment, rising from 2% in Q3 2020 to 11.3% by Q1 2022 [22]. - Apple's dominance in the PC market is evident, with a 10.2% overall market share and 45% in AI-enabled PCs by Q4 2024, surpassing Intel's share [23]. Group 3: Competitive Landscape and Future Outlook - The success of Apple's M series has inspired other companies like Qualcomm and NVIDIA to enter the PC CPU market, with Qualcomm's Snapdragon X Elite showing significant performance improvements [24][28]. - NVIDIA is also re-entering the PC processor space with its upcoming ARM-based N1X chip, aiming to leverage its expertise in AI and GPU technology [30][31]. - The shift towards ARM architecture in the PC market is indicative of a broader trend, with domestic companies in China also developing ARM and RISC-V based processors, signaling a move towards a multi-architecture competitive landscape [34][36].