The US-based foreign investors Morgan Stanley (Morgan Morgan) issued a latest report stating that it has actually visited China's current AI demand and found that the demand for AI is greater than that for chip supply, including the demand for A...
The US-based foreign investors Morgan Stanley (Morgan Morgan) issued a latest report stating that it has actually visited China's current AI demand and found that the demand for AI is greater than that for chip supply, including the demand for AI applications and recommendations, but the hardware supply should become a bottleneck.
Morbis Morgan Stanley pointed out that due to limited GPU capacity for training, China's next generation large language models (such as DeepSeek-R2) may have experienced delays. In addition, although NVIDIA will launch the B30 chip, there is no official order yet. However, according to Taiwan’s supply chain, B30 has reached 2 million chipset OEM orders in the second half of the year, and its annual production capacity is estimated to reach about 5 million pieces.
If B30 chips cannot be exported to China, Morgan Stanley said that some Chinese AI developers will consider using China as chips, but have not seen China actually sell the Shengten 910C chips yet. In addition, the ASICs developed by China Cloud Service Provider (CSP) can only support recommended computing, and some of them still need to be commissioned by Taiwan Electric Power.
Morday Morgan Stanley pointed out that Chinese developers are watching the supply and performance of NVIDIA B30 chips, and then decide whether to expand capital expenditures. If the chips are also short of SMIC's international capacity limitations, or the transfer of the platform takes too long, these manufacturers may downgrade their capital expenditures.
On the other hand, Japan pointed out that Chinese car manufacturers such as SAIC, Changan, Changcheng, Biadi, Ideal and Geely plan to 100% domestically produced vehicle chips in 2027, and at least two brands have expected to enter the mass production stage as soon as 2026. However, Morgan Stanley believes that the actual probability is not high, because the self-rewarding rate of China's motorcycle chips is only 15% in 2024, and it is unlikely that the self-rewarding rate of 100% chips will be achieved in 2027.
In addition, although the launch cycle of new electric motorcycle OEMs in China is shorter, the expected auto-reward rate of Morgan Stanley will gradually increase rather than increase rapidly. Under the trend of domestic automotive chip production, we are optimistic about domestic power component chemical stocks such as Yanjie Technology, SDA Semiconductor, Sanan Optoelectronics, Zhaoyi Innovation, Shixin-KY, Veer Semiconductor, Qijing Optoelectronics, United Technology, and Chuangxu Electronics (USI).
Extended reading: I was so sad about Taiwan's electronic industry that year, but now I am on the cliff: Samsung's "Taiwan Plan" has been backfired? The giant Zhongyun terminal accelerates overseas expansion! Alibaba, Huafu, and Teng attack the global AI infrastructure
