Under the global AI wave, the demand for computing power is tearing apart the existing hardware supply and demand balance at an unprecedented speed. Recently, a research report from Oriental Securities pointed out that the explosive growth of computing power demand has directly affected the upstream of the industrial chain, and the packaging, testing, and storage sectors are facing a profound industry transformation.

Hardware Imbalance: Packaging Price Hikes and Storage Doubling

Owing to the surge in demand for advanced packaging of AI chips and the pressure from rising raw material costs, major packaging and testing factories have raised their service prices. At the same time, the memory industry is on the verge of a breakthrough. According to predictions, by 2026, the global memory industry's output value is expected to exceed $551.6 billion, achieving an astonishing growth of 134%.

Domestic Substitution: Technological Breakthroughs and Market Opportunities

Driven by policy and demand, the domestic computing power industry chain is showing strong vitality:

Breakthroughs in Computing Chips: Domestic companies such as Cambricon, Hai Guang Information, and Moer Thread are rapidly rising, continuously narrowing the gap with international giants in high-performance computing.

Leap in Storage Technology: Changjiang Memory Technologies and Yangtze Memory Technologies have achieved significant breakthroughs in packaging processes and storage architecture, laying a solid foundation for the security and controllability of domestic computing power.

Policy Benefits: With the U.S. easing some chip export restrictions, the domestic server market is expected to see a new round of demand rebound.

Consumer Endpoints: From "Cloud" to "Ears"

The second half of the AI competition is shifting from data centers to consumers' fingertips and ears. The report emphasized that the implementation of edge AI will accelerate the popularity of innovative hardware:

New Forms Emerge: AI earphones and smart glasses are not only new interaction interfaces but also new growth points in the industrial chain.

Industrial Chain Collaboration: Demand for connected hardware, passive components, and CPUs has seen strong increases.

Expert Warnings: Despite the promising prospects, investors still need to pay attention to potential risks such as slower than expected AI application deployment, sharp fluctuations in raw material prices, and weak demand in the consumer market.