L3 and above high-level intelligent driving is gradually approaching, the self-driving industry chain or benefit. As for foreign companies, BMW's vehicles equipped with L3 level self-driving function have recently obtained a high-speed road self-driving test license in Shanghai, which is the first L3 level smart driving test license in China. Domestic manufacturers, enterprises have accelerated the promotion of high-level automatic driving. GAC Ai 'an is jointly applying for L3-level automatic driving with Ruqi Travel, striving to take the lead in launching L4-level automatic driving that can be operated in 2025. On December 11, Wen Yuan Zhixing, an unmanned company, obtained the first-level public road test license for Milestone 1 unmanned vehicles and the first-level special area public path test license for T1 Assessment unmanned vehicles. Its autonomous minibuses will be tested on a wider range of public roads in Singapore. The automotive technology, which focuses on self-driving domain controllers, has been heard by the Hong Kong Stock Exchange this week.

terminal sales pick up. The mobile phone market is recovering. According to the data of China ICT Institute, 29.16 million mobile phones were shipped in China in October 23, up about 20% year-on-year, of which 26.44 million 5G mobile phones were shipped, up about 36% year-on-year. Data released by market research firm BCI also showed that 28.71 million smartphones were activated in the Chinese market in November, an increase of about 13% year-on-year. According to media reports, Huawei will release the FreeClip of 9 and Nova 12 mobile phones and headphones in December. In 2024, China's mobile phone market is expected to recover further. IDC predicts that China's smartphone market will ship 0.287 billion units in 2024, an increase of about 4% year-on-year.

AI PC process acceleration. Recently, Intel officially released the first 14th generation Core Ultra mobile processor based on Intel4 process technology and the first built-in AI acceleration engine NPU. On the same day, Intel also released the fifth generation Xeon (Xeon) processor. Lenovo Launches AI Fully Interconnected Flagship Business ThinkPad X1 Carbon, Equipped with Intel Core Ultra 7 to Achieve "Three Levels of Heterogeneity", Improving Performance and Endurance by 18% and 36% respectively; In addition, Asus Lingyao 14 2024 models with Core Ultra 7 have been launched and Microstar Zunjue series AI notebook computers have been released. IDC predicts that 24 years will be the first year of AI PCs. According to TechInsights forecasts, global notebook computer shipments are expected to grow by 11% year-on-year in 2024, and notebook computer shipments will reach a new high of about 0.24 billion in 2025.

semiconductor equipment boom. SEMI, the International Semiconductor Industry Association, said in its latest report that the weak demand for semiconductor equipment will not last too long. Investment in semiconductor equipment is expected to rebound from 2024, and global semiconductor equipment sales are expected to reach a new high of US $124 billion in 2025. SEMI noted that China is expected to achieve a record shipment of over $30 billion billion in equipment by 2023 and will expand its lead over other regions.

suggestions: lanqi technology (688008, buy), dahua shares (002236, buy), huagong technology (000988, unrated), yuanjie technology (688498, unrated), oled (688378, buy), dongxin shares (688110, unrated), jeput (688025, unrated), zhaowei electromechanical (003021, unrated), Lingyi (002600, Buy), Meixinsheng (688458, Unrated), Industrial Fulian (601138, Buy), Lenovo Group (00992, Buy), Zhongwei Company (688012, Buy), Hikvision (002415, Buy), Shunyu Optical Technology (02382, Buy), Longxin Zhongke (688047, Unrated), Haiguang Information (688041, Buy), Huiding Technology (603160, buy), Huali Chuangtong (300045, unrated), Precision Electronics (300567, Buy), Zhongke Feishi-U(688361, unrated), Jingfang Technology (603005, unrated), Fujing Technology (002222, unrated), Tengjing Technology (688195, unrated), Maolai Optics (688502, unrated), Saiwei Electronics (300456, unrated), Tongfu Microelectronics (002156, unrated), Vogel Optoelectronics (603773, unrated), Lixun Precision (002475, unrated), Lante Optics (688127, Buy), Crystal Optoelectronics (002273, Buy), Zhuhai Guanyu (688772, unrated), Lansi Technology (300433, Buy), Jiang Bolong (301308, unrated), Demingli (001309, unrated), Biwei Storage (688525, unrated), Ranko Technology (300042, unrated).

risk tips

downstream demand is less than expected; industry boom recovery is less than expected; high-level intelligent driving research and development is less than expected; industry competition intensifies.