Investment Rating - The report maintains a "Recommended" investment rating for the semiconductor and semiconductor equipment industry [5] Core Insights - NVIDIA has invested $5 billion in Intel, aiming to develop a system-on-chip (SoC) that integrates NVIDIA GPUs with Intel's x86 architecture, targeting the high-performance PC and data center markets, with an estimated market size of $50 billion by 2026 [3][30] - The global automotive display panel market is expected to see a significant shift towards advanced technologies, with AMOLED projected to grow at a CAGR of 20.4% from 2024 to 2030, while LTPSTFT LCD remains dominant [2][23] - The European smartphone market has shown a recovery with a 4% year-on-year increase in Q2 2025, led by Samsung with a 31% market share, followed by Apple at 25% and Xiaomi at 19% [2][24] Market Indices Summary - The overseas AI chip index decreased by 0.80% this week, with Marvell rising over 10% and Broadcom falling by 4.15% [1][10] - The domestic AI chip index increased by 2.0%, with SMIC rising over 10% while Cambricon fell nearly 10% [1][10] - The NVIDIA mapping index rose by 3.6%, with Changxin Technology increasing by 7.30% [1][12] - The server ODM index fell by 0.6%, with Quanta experiencing a significant drop of 14.70% [1][10] - The storage chip index increased by 3.7%, with Demingli and Puran shares rising over 20% [1][15] - The power semiconductor index rose by 0.6%, while the A-share Apple index increased by 5.5% [1][19]