公众号记得加星标⭐️，第一时间看推送不会错过。 来 源 ： 内容 编译自日经 。 自去年10月以来，SK海力士位于首尔附近利川的总部迎来了络绎不绝的访客，他们来自个人电脑制 造商和电子产品供应商，前来与这家韩国内存芯片制造商的高管举行紧急会议。他们最关心的是：内 存芯片即将短缺，这可能会最早在明年就开始影响产品的发布。 "我们收到了许多公司对存储半导体供应的需求，我们非常担心如何处理所有这些需求，"SK集团董 事长崔泰元本月早些时候在首尔的一个论坛上表示。 Chey补充说，OpenAI是寻求大量供应的公司之一，并指出上个月签署了一项协议，每月向这家美国 公司用于构建超大规模人工智能基础设施的Stargate项目供应90万片高带宽内存（HBM）晶圆。 类似的场景也出现在竞争对手三星电子——全球最大的存储芯片制造商——的工厂。来自世界各地的 客户纷纷前来订购芯片，希望能确保其2026年的产品发布计划能够按时完成。 "我们继续看到内存市场对 DRAM 和 NAND 的需求强劲，这主要得益于服务器应用，"负责内存业 务的执行副总裁金在俊在上个月的财报电话会议上表示，他指的是动态随机存取存储器和 NAND 闪 存芯片。 ...

Core Insights - The report highlights the acceleration of domestic semiconductor substitution due to escalating trade frictions and export controls, particularly from the U.S. government, which may lead to a comprehensive upgrade of semiconductor export controls against China [10][11] - OpenAI is actively building a computing power ecosystem through significant partnerships with major chip manufacturers, including AMD and Samsung, to secure a steady supply of AI chips and enhance its data center capabilities [12][13] - Breakthroughs in solid-state lithium batteries and nuclear fusion technology are reported, indicating advancements in energy storage and generation that could impact the energy sector significantly [13][14] Semiconductor Industry - The U.S. House of Representatives has proposed comprehensive export controls on semiconductor equipment to China, which could accelerate the domestic semiconductor industry's self-sufficiency and substitution efforts [10] - Recent announcements from the U.S. government regarding export controls on rare earths and other critical materials indicate a deep penetration into global supply chains, further emphasizing the need for domestic alternatives [10] AI Industry - OpenAI's recent developer conference showcased significant user engagement and the introduction of new models and tools, indicating a shift towards making ChatGPT an AI operating system [12] - OpenAI's partnerships with major companies like AMD and Hitachi are aimed at enhancing its computing infrastructure, with investments in AI-specific transformers and cooling systems to support new data centers [12][13] Energy Sector - Significant advancements in solid-state lithium battery technology and nuclear fusion are reported, with potential implications for energy efficiency and sustainability [13][14] - The BEST project in China aims to demonstrate nuclear fusion energy generation by 2030, marking a pivotal moment in energy technology [13][14] Investment Recommendations - The report suggests focusing on emerging industries such as photovoltaics, lithium batteries, and new energy vehicles, which are expected to benefit from domestic substitution policies and technological advancements [14] - Attention is drawn to the AI industry, particularly in areas of computing power performance and energy efficiency, as well as the evolution of edge AI and embodied intelligence [14]

Group 1: OpenAI and AMD Partnership - OpenAI has signed a significant partnership with AMD, investing billions in AI data centers and potentially acquiring up to 160 million shares of AMD, representing about 10% of the company [2] - This collaboration positions AMD as a core strategic partner for top AI clients, marking a shift in the AI chip market from Nvidia's dominance to a "dual oligopoly" [2] Group 2: Storage Chip Market Dynamics - Samsung and SK Hynix have entered a strategic partnership with OpenAI to supply 900,000 DRAM and HBM wafers monthly, with OpenAI's HBM demand exceeding current global capacity by more than double [2] - The release of Sora 2 signifies a move towards practical applications of multimodal large models, significantly increasing storage requirements [2][3] - Major companies like Samsung and Micron are raising product prices, with DRAM contract prices expected to rise by 10-30% and NAND flash prices by 5-10% [2] Group 3: Nuclear Fusion Developments - The BEST project in Hefei, China, has achieved a key breakthrough, advancing the construction phase [4] - The Tianwan Nuclear Power Base has surpassed 500 billion kilowatt-hours of safe power generation [4] - An international conference on nuclear fusion energy will be held in Chengdu from October 13-18, indicating growing interest in the sector [4] Group 4: Solid-State Battery Advancements - A significant breakthrough in solid-state battery technology has been achieved, with a new composite cathode material increasing energy density by 86% [5] - The timeline for the industrialization of solid-state batteries is expected to advance from 2030 to 2027 due to these technological improvements [5] Group 5: AI Wearable Devices Market - Meta's new generation of smart glasses is nearing sell-out status, indicating strong consumer demand and successful product positioning [6] - Apple is shifting its focus from its mixed-reality headset to developing AI smart glasses, aiming to compete with Meta in the wearable device market [6][7] Group 6: AI Hardware Developments - OpenAI is in discussions to manufacture various hardware products, marking a transition from software to hardware in the AI sector [8] - Multiple companies, including Apple and DJI, are set to release new AI-related products, indicating a growing trend in AI hardware development [8] Group 7: AI Video Generation Technology - OpenAI launched Sora 2, a new AI video generation model that significantly enhances video realism and fluidity, positioning it as a leader in the industry [10] - The Sora App has quickly gained popularity, indicating a successful transition of AI video generation technology to consumer applications [10] Group 8: Gold Market Trends - Gold prices have reached historical highs, with New York futures hitting $4009 per ounce and London spot prices reaching $3985.51 per ounce [12] - Goldman Sachs has raised its 2026 gold price forecast to $4900 per ounce, driven by increased central bank purchases and geopolitical instability [12]