电子周观点： Grok-4 系列模型发布，继续看好需求共振下的 AI-PCB 产业链。7 月 10 日，xAI 正式发布其最新一代大语言模 型 Grok 4，并同步推出多智能体协作版本 Grok 4 Heavy。Grok 4 定位为"全球最强大的人工智能模型"。得益 于 xAI 构建的 10 万块 H100 GPU 的"世界超级计算机"，Grok 4 在训练计算量上实现了显著飞跃，与 Grok 2 相 比，其训练量增加了 100 倍。特别是在推理和强化学习（RL）方面，Grok 4 投入了大量计算资源，其 RL 计算 量是其他任何模型的 10 倍以上。xAI 方面介绍，本次发布能够实现远超各类 SOTA 的成绩，本质上是范式和计 算量的跃迁，大模型的不断升级，将继续拉动 AI-PCB 及核心算力硬件的需求。台积电 6 月营收为 2637.9 亿元 新台币，同比增长 26.9%。累计第二季度合并营收达 9338.8 亿元新台币，环比一季度的 8210.8 亿元新台币增 长约 13.6%，从台积电 6 月及二季度营收情况来看，AI 需求持续强劲，台积电将于 7 月 17 日召开法说会，建议 重点关注 AI 需求、 ...

Core Viewpoint - Samsung Electronics has launched the new foldable flagship Galaxy Z Fold7, which integrates Galaxy AI with advanced hardware, setting a new benchmark for foldable smartphones and enhancing user experience through innovative design and technology [1]. Group 1: Product Features - The Galaxy Z Fold7 is lighter than the Galaxy S25 Ultra, weighing only 215 grams, with a thickness of 8.9 mm when folded and 4.2 mm when unfolded [1]. - The external display features a 6.5-inch second-generation dynamic AMOLED screen with a new 21:9 aspect ratio, providing a wider field of view [1]. - The main screen size has increased by 11% compared to the previous model, enhancing multitasking capabilities [2]. Group 2: Structural and Durability Enhancements - The main screen structure has been upgraded with a titanium metal protective layer, increasing structural strength while maintaining a lightweight design [2]. - The thickness of the UTG (Ultra Thin Glass) has been increased by 50%, making the screen more durable [2]. Group 3: Imaging and AI Capabilities - The Galaxy Z Fold7 incorporates professional-grade imaging capabilities, delivering high-resolution and stable imaging through advanced hardware and intelligent imaging [2]. - The device features enhanced Galaxy AI integration, providing a more intuitive and efficient user interaction experience, optimized for the foldable form factor and large screen [3]. - Samsung One UI 8 includes context awareness and natural response capabilities, significantly reducing app interface transitions and improving productivity [3]. Group 4: Pricing and Availability - The Galaxy Z Fold7 is available in four colors: Shadow Blue, Night Silver, Phantom Black, and Frost Green (exclusive to Samsung Mall), with a suggested retail price starting at 13,999 yuan [3].

本报（chinatimes.net.cn）记者卢晓 北京报道 自2019年2月推出全球首款量产折叠屏手机Galaxy Z Fold，三星电子在这一细分市场走得格外卖力，至 今已经推出第七代产品。 7月10日，三星中国相关负责人在向《华夏时报》等媒体记者介绍自家新推出的折叠屏手机时，轻薄这 个关键词多次出现。大力投入折叠屏手机背后，这个细分赛道承担着三星电子在高端市场与苹果开打差 异化竞争的重任。 据Canalys报告，今年Q1，全球智能手机市场整体出货量同比增长0.2%，达2.969亿台，其中600美元以 上高端机市场出货量约占三成，同比增长12%，苹果占据这一高端市场份额的近六成，同比增长10%， 三星占据22%，但同比下降1%。 加码折叠屏，对三星在中国智能机市场的发展更为关键。 CounterPoint的统计数据显示，今年Q1华为、vivo、小米、OPPO、苹果和荣耀六大厂商占据了当期中国 智能机市场份额的95%以上。而在600美元以上的国内高端机市场，据Canalys报告，苹果依然以43％的 份额位居第一，但同比下降9％，华为以38％的份额位列第二，不过同比上涨69%。 资深电信行业分析师马继华对《华 ...

Core Viewpoint - Samsung, once a pioneer in the foldable smartphone market, is facing significant competition from Chinese manufacturers, leading to a decline in its dual-foldable devices. The company aims to regain its presence by launching a tri-fold smartphone by the end of this year, emphasizing the importance of AI in its strategy [1][4]. Group 1: Product Development - Samsung plans to launch a tri-fold smartphone, tentatively named Galaxy G Fold, by the end of this year, focusing on product usability and market demand [4][6]. - The company has reportedly completed the hardware design for the tri-fold smartphone and is preparing for production, with a small-scale launch expected in September [4][6]. - The tri-fold smartphone will feature a larger display of approximately 10 inches compared to the Galaxy Fold series, and it will utilize OLED panels [6][8]. Group 2: Market Competition - The foldable smartphone market has become a significant segment, with Samsung acknowledging the need for more companies to enter this space to stimulate innovation [4][9]. - Huawei currently holds the title for the world's first mass-produced tri-fold smartphone, the Mate XT Ultimate Design, which has a starting price of 19,999 RMB [6][9]. - In the Chinese foldable smartphone market, Huawei leads with a 48.6% market share, followed by Honor and Vivo, while Samsung has fallen out of the top five, holding only 7.0% of the market [10]. Group 3: Technical Specifications - The tri-fold smartphone is expected to be powered by the Qualcomm Snapdragon 8 Elite processor, crucial for high-resolution multi-screen displays and multitasking capabilities [8]. - The device's battery capacity is reportedly lower than competitors, with Samsung focusing on a thinner design, which limits battery size due to internal space constraints [8][9].

Core Viewpoint - Samsung has officially confirmed the development of a tri-fold smartphone, aiming for a launch by the end of this year, with a strong emphasis on the integration of AI in its strategy [2][4]. Group 1: Product Development - Samsung plans to release a tri-fold smartphone, with the name yet to be finalized, focusing on product usability [4]. - The recently announced Galaxy Z Fold 7 and Z Flip 7 feature a thinner design, with the Fold 7 measuring 8.9mm when folded and 4.2mm when unfolded [5]. - The Fold 7 uses a custom Snapdragon 8 Elite chip, while the Flip 7 is powered by Samsung's Exynos 2500 chip, raising concerns about the latter's performance [8]. Group 2: AI Integration - Samsung aims to embed AI functionalities into its existing 400 million Galaxy devices by the end of the year, enhancing the smartphone's role as an AI partner [8][9]. - The company intends to expand Galaxy AI features across its product range, contingent on hardware capabilities [9]. Group 3: Future Projects - Samsung is collaborating with Google on a new XR headset project named Moohan, set to launch within the year [9]. - The development of Samsung's smart glasses is still in the early stages, with considerations for user experience and partnerships [11].

Core Insights - Qualcomm has been selected by Samsung to provide the Snapdragon 8 Elite Mobile Platform for its Galaxy Z Fold7 devices, enhancing performance and AI capabilities [1] - The Snapdragon 8 Elite chipsets are gaining traction in the premium smartphone market, with several manufacturers adopting them [2] - Qualcomm's QCT segment revenues increased to $9.47 billion in Q1 from $8.03 billion year-over-year, with expectations of $27.7 billion in handset revenue for 2025, reflecting an 11.3% year-over-year growth [3] Market Dynamics - Healthy demand in the premium smartphone segment is driving growth for Qualcomm, but competition from low-cost manufacturers like MediaTek and Rockchip is impacting profitability [4] - Apple is moving towards in-house chip development, which is affecting Qualcomm's revenue growth, as Apple has replaced Qualcomm's RF modem in its latest iPhone [4] - Broadcom is also a competitor, leveraging strong relationships with OEMs to gain insights into customer requirements [5] Financial Performance - Qualcomm shares have declined by 20.2% over the past year, contrasting with the industry's growth of 18.1% [6] - The company's shares trade at a price/earnings ratio of 13.51, significantly lower than the industry average of 33.07 [8] - Earnings estimates for 2025 have decreased by 0.17% to $11.71 per share, while 2026 estimates have declined by 2.23% to $11.82 [9]

Galaxy Z Fold7搭载了8.0英寸（直角）的第二代动态AMOLED主屏幕，相比上代产品，主屏幕尺寸增大 了11%，为多任务处理、影音创作及移动办公提供了更大的操作空间。 其中，三星Galaxy Z Fold7作为Galaxy Z系列的最新旗舰作品，拥有轻薄的机身设计，该机重量仅为215 克，折叠状态下厚度仅为8.9毫米，展开后薄至4.2毫米，一举成为全球重量最轻的大折叠屏手机。 （原标题：三星发布Galaxy Z Fold7：全球最轻大折叠） 7月10日，三星电子正式发布新一代折叠屏智能手机Galaxy Z Fold7与Galaxy Z Flip7。 在性能方面，Galaxy Z Fold7搭载了高通骁龙8至尊版移动平台（for Galaxy），NPU性能提升41%，CPU 提升38%，GPU提升26%，为设备智能化提供基础。 在AI体验上，两款新机均将Galaxy AI赋能的个性化体验提升至新高度。例如用户可直接在Galaxy Z Flip7的外屏上通过语音进行搜索、获取信息或是交互操作，而Galaxy Z Fold7也深度整合了Galaxy AI能 力，实现了多模态智能助手与折叠形态的深度整合。 ...

7月9日晚间，三星Galaxy Z Fold7、 Galaxy Z Flip7 FE手机正式发布。 图片来源：三星 性能方面，Galaxy Z Fold7搭载高通骁龙8至尊版For Galaxy处理器，内置4400mAh电池，支持 天通卫星通信，支持25W有线快充+无线充；Galaxy Z Flip7 FE搭载4nm Exynos 2400芯片，内 置4000mAh电池，支持25W有线快充和15W无线充电。 影像方面，Galaxy Z Fold7搭载10MP自拍摄像头，机身后置200MP主摄+ 12MP超广角+ 10MP 长焦；Z Flip7 FE配备10MP前置摄像头，后置则为50MP主摄（支持双像素对焦与光学防抖）和 12MP超广角镜头。 新机国内售价： 三星Galaxy Z Fold7 据悉，Galaxy Z Fold7可选蓝/白/灰三种配色，展开厚度4.2mm，折叠厚度8.9mm，重量215g （比之前荣耀Magic V5的217g更轻，成为全球最轻的大折叠手机） ；Galaxy Z Flip7 FE则是该 公司首款"粉丝版"（Fan Edition）折叠屏手机， 也是目前三星首发价格最亲民的折叠屏产 ...

Group 1 - Samsung launched three foldable smartphones: Galaxy Z Fold7 starting at 13,999 yuan, Galaxy Z Flip7 at 7,999 yuan, and Galaxy Z Flip7 FE at 6,499 yuan [1] - Galaxy Z Fold7 features an 8.9mm thickness when folded and 4.2mm when unfolded, weighing 215 grams, with an external screen of 6.5 inches and an internal screen of 8 inches [1] - The battery capacity of Galaxy Z Fold7 is 4,400mAh, which is significantly lower than competitors like Honor Magic V5 (6,100mAh) and vivo X Fold5 (6,000mAh) [1] Group 2 - Galaxy Z Flip7 is thinner than its predecessor, with a thickness of 6.5mm when unfolded and 13.7mm when folded, weighing 188 grams, featuring a 4.1-inch external screen and a 6.9-inch main display [2] - The camera system of Galaxy Z Flip7 includes a 50MP main camera and a 12MP ultra-wide dual camera, with a battery capacity of 4,300mAh [2] - Samsung's foldable devices utilize AI features supported by Google's Gemini model, with Galaxy Z Fold7 powered by a custom Snapdragon 8 Elite chip for enhanced on-device AI processing [2] Group 3 - The Exynos 2500 chip is expected to be used in the Galaxy Z Flip7, marking Samsung's return to using its own chips in flagship models after nearly a decade [4] - The Exynos 2500 chip features a ten-core architecture with a maximum frequency of 3.3GHz for the super core, which is lower than Xiaomi's equivalent chip [5] - Samsung faces increasing competition in the foldable smartphone market, with foldable phones accounting for less than 2% of the overall smartphone market according to Counterpoint Research [5] Group 4 - IDC forecasts that China's foldable smartphone shipments will reach approximately 9.17 million units in 2024, representing a year-on-year growth of 30.8% [7] - Huawei leads the Chinese foldable smartphone market with a 48.6% share, followed by Honor at 20.6% and vivo at 11.1%, while Samsung has been pushed out of the top five with a 7.0% market share [7] - Analysts suggest that the expected price reduction for foldable phones has not materialized, as manufacturers continue to earn substantial profits despite low shipment volumes [6]

Group 1 - Samsung Electronics officially launched the new foldable flagship Galaxy Z Fold7, featuring upgrades in craftsmanship, design, professional imaging systems, and Galaxy AI technology [1][2] - The Galaxy Z Fold7 has an 11% larger main screen compared to its predecessor, enhancing multitasking and immersive experiences [1][2] - The device integrates Galaxy AI capabilities deeply with its foldable design, providing a more intuitive and immersive AI interaction experience [2] Group 2 - The new hinge structure and foldable screen of the Galaxy Z Fold7 have been optimized, resulting in a thinner and lighter design that enhances durability and reduces creasing [2] - The Snapdragon 8 Gen 2 mobile platform for Galaxy offers significant performance improvements, with a 41% increase in NPU performance, 38% in CPU, and 26% in GPU compared to the previous generation [2] - Industry experts believe that the technological advancements in the Galaxy Z Fold7 will address practical issues of traditional foldable screens and drive further iterations in foldable display technology, impacting the mid-to-high-end smartphone market [3]