而从OpenAI近期一系列算力供应合作看，与Anthropic相比，OpenAI更青睐使用GPU。9月，英伟达宣布 向OpenAI投资最多1000亿美元，英伟达将助力OpenAI构建和部署至少10吉瓦的AI数据中心，涉及数百 万块英伟达GPU。10月，另一家GPU厂商AMD与OpenAI达成合作，OpenAI将根据多年、多代协议部署 6吉瓦容量的AMD GPU。OpenAI也在探索使用ASIC（专用集成电路）芯片，但不是通过使用云厂商自 研的ASIC芯片，而是尝试使用自研的ASIC。10月，OpenAI宣布与定制ASIC厂商博通达成合作，计划 开发10吉瓦的定制AI加速器。 近日在一档播客节目中，OpenAI CEO奥尔特曼（Sam Altman）表示，公司目前的收入远不止130亿美 元。对于一家收入130亿美元的公司如何能签下上万亿美元的算力支出承诺，奥尔特曼表示，这些基建 投资是在前瞻性押注，公司将会成为重要的AI云服务提供方，消费设备业务也将成为一个重要板 块，"那些在网络上对我们算力支出大惊小怪、担忧不已的人，要是能买到OpenAI的股份，肯定会抢着 入场"。 在亚马逊与OpenAI巨额算力协议刺激下 ...

Core Viewpoint - The article discusses the recent pricing and business performance of Chip Origin Technology Co., Ltd. (芯原股份), highlighting its revenue structure and market positioning in the semiconductor IP industry. Group 1: Shareholder Transfer and Pricing - Chip Origin plans to transfer 5% of its total shares at a price of 105.21 yuan per share, following inquiries from institutional investors [1] - The company's market capitalization is reported at 83.01 billion yuan, with a closing stock price of 157.90 yuan as of August 25 [1] Group 2: Revenue Structure - The revenue from knowledge property licensing fees for the first half of 2025 reached 281 million yuan, marking an 8.20% year-on-year increase, while the franchise fee was 50.74 million yuan, showing a slight decline of 0.03% [1] - In the first half of 2025, knowledge property licensing fees accounted for 84.64% of the IP business, while franchise fees made up 15.36% [2] Group 3: Business Model Comparison - Chip Origin's revenue model is primarily based on one-time licensing fees, contrasting with the industry trend where semiconductor IP firms typically rely more on royalty income [1][6] - For comparison, Arm's royalty income constituted 65%, 58%, and 63% of its total revenue in 2021, 2022, and 2023, respectively [3] Group 4: Market Position and Growth - Chip Origin is recognized as a leader in AI ASIC chip design, with significant growth attributed to its ASIC chip offerings [7][8] - The company has developed a comprehensive platform for AI applications, serving major international clients and shipping nearly 200 million AI chips globally [8] Group 5: Profitability Concerns - The gross margin for Chip Origin's one-stop custom chip service is reported at 18.17%, significantly lower than competitors like Broadcom and Marvell, which have margins around 60% [8] - The company acknowledges the need for continuous technological upgrades and innovation to maintain competitiveness in the market [8]