如果您希望可以时常见面，欢迎标星收藏哦~ 华为将于明年在韩国推出其最新的人工智能（AI）芯片Ascend，全面进军韩国国内人工智能基础 设施市场。 华为韩国首席执行官王百连在12月26日于首尔中区广场酒店举行的华为2025发布会上表示："华为 韩国计划明年正式发布AI计算卡和AI数据中心相关解决方案。"他补充道："我们的目标是为韩国 企业提供除NVIDIA之外的第二个选择。"即将发布的芯片是华为最新产品"Ascend 950"，华为计 划明年开始量产。 王先生表示："与英伟达不同，我们计划以集群单元的形式销售，而不是单独销售芯片。"他还 说："华为的战略不仅限于提供AI卡和AI服务器，而是要加速产业应用。"为了实现这一目标，华 为旨在通过提供涵盖基础设施硬件和软件（包括网络和存储）的端到端（E2E）解决方案来确保竞 争力。王先生补充道："在这种情况下，可能不需要合作伙伴公司（负责供应和销售）"，并且"我 们将制定战略，使华为能够直接集成并提供服务。" 据报道，华为韩国正在与一些公司进行洽谈， 潜在的供应商协议谈判正在进行中。 此外，华为韩国明年将向韩国国内企业提供其自主研发的开源操作系统鸿蒙操作系统，以促进生 ...

Summary of Key Points from the Conference Call Industry Overview - **DDR5 Spot Price Increase**: The spot price for 16Gb DDR5 increased by 10% this week, reaching a new high of nearly US$7, compared to a low of US$4 in 2023-2024. The price for legacy DDR4 8Gb also rose by 6% [1][10][12]. - **Gradual Price Recovery**: Year-to-date, DDR5 prices have shown a gradual recovery, with only 1-2% week-over-week increases prior to this week [1]. - **Catalysts for Price Increase**: The sudden price increase is attributed to: 1. Stronger demand due to increased memory content and replacement cycles for old PCs and servers. 2. Capacity shifts from DDR5 to HBM4 and other memory types. 3. Inventory restocking by OEMs ahead of a projected supply shortage in Q4 [1]. - **Annual Contracts**: Some OEMs and memory module manufacturers are looking to secure annual contracts for DDR5 at higher prices, a shift from the conventional quarterly contracts due to concerns over long-term supply shortages [1]. Memory Technology Developments - **NVIDIA's Vera Rubin NVL 144 CPX**: This new GPU is expected to utilize three types of memory, totaling approximately 100TB, which is 2.5 times larger than the current Blackwell Ultra NVL 72. The memory types include HBM4, GDDR7, and SOCAMM [2]. - **SOCAMM vs HBM**: SOCAMM offers lower bandwidth compared to HBM4, suggesting a limited price premium compared to LPDDR5 but is cheaper than GDDR7 [2]. Samsung's HBM3e Qualification - **Samsung's HBM3e**: Reports indicate that Samsung's 12-hi HBM3e has passed NVIDIA's quality testing, aligning with management expectations. However, a large order is not anticipated soon due to Hynix's strong market position [3]. China's Semiconductor Industry - **Positive Data**: China's semiconductor equipment imports rose by 12% year-over-year in August, exceeding market expectations. This increase is partly due to Korean chipmakers' investments in fab upgrades ahead of US restrictions [4]. - **Huawei's GPU Line-Up**: Huawei announced new GPU line-ups, including the Ascend 950 for 2026, which still rely on legacy HBM2-equivalent memory rather than advanced HBM4+ [4]. Price Trends and Market Dynamics - **DRAM Price Trends**: The current spot prices for various DRAM types are as follows: - 16Gb DDR5: US$6.8 (up 10% WoW, 39% YoY) - 16Gb DDR4: US$10.2 (up 6% WoW, 168% YoY) - 8Gb DDR4: US$6.1 (up 6% WoW, 211% YoY) [7][10]. - **Contract Price Trends**: DDR4 prices have seen a significant increase, with a crossover occurring in Q2 2025 where DDR4 prices surpassed DDR5 prices [27][29]. Conclusion - The memory industry is experiencing a significant price rally, particularly in DDR5 and DDR4 segments, driven by demand and supply dynamics. The developments in memory technology, particularly from major players like NVIDIA and Samsung, indicate a competitive landscape with potential for further price adjustments and contract negotiations in the near future.

Group 1 - The People's Bank of China maintains the 7-day reverse repurchase rate and the Medium-term Lending Facility (MLF) rate unchanged, indicating a steady approach while observing external monetary easing and domestic inflation recovery [2] - Global economies are showing resilience against tariff impacts, with manufacturers adapting through production shifts, price adjustments, and inventory management, suggesting a potential return to demand-driven fundamentals if policy expectations stabilize [3] - China's rare earth magnet exports reached a seven-month high in August, increasing by 10.2% month-on-month to 6,146 tons and 15.4% year-on-year, supported by demand from the new energy vehicle and wind power sectors [4] Group 2 - Oil prices have risen temporarily due to geopolitical risks, but institutions predict potential oversupply in Q4 and 2026, creating downward pressure on long-term prices, with short-term dynamics influenced by geopolitical factors and inventory levels [5] - Huawei unveiled its AI chip and computing roadmap, introducing the Ascend 950, 960, and 970 series, along with the Atlas computing platform, highlighting breakthroughs in self-developed high-bandwidth storage [6] - Volkswagen Group has set aside approximately €5.1 billion to address delays in Porsche's electric vehicle launches, reflecting adjustments in the automotive industry's transition to new energy vehicles amid global demand slowdown and increased competition in China [7] Group 3 - BYD has implemented new payment norms for suppliers, committing to complete acceptance within three working days and payment within 60 days, aimed at alleviating cash flow pressures in the supply chain and stabilizing supplier engagement [8]