科技：ASIC 受益标的；按 AI 芯片平台划分的营收敞口- Tech_ ASIC beneficiaries; revenues exposures by AI chips platform; Read across to Google's Gemini 3 announcement

Equity Research 1 December 2025 | 9:07AM HKT GC Tech: ASIC beneficiaries; revenues exposures by AI chips platform; Read across to Google's Gemini 3 announcement We are positive on the ASIC rising trend, especially in the upcoming inferencing / application stage of AI. ASIC chips are customized semiconductors for specific computing tasks, which usually come with better power efficiency than general purpose GPUs (while weaker in generalizability than GPUs). It reduces clients' reliance on a single chipset sup ...