A new generation of AI GPU chips was born.

on March 18, Avida CEO Huang renxun announced at the 2024 GTC conference that the company would release a new generation of AI GPU based on BlackWell architecture. The chip is called "the world's strongest", both in performance and power consumption to achieve a comprehensive beyond the previous generation.

This is a positive signal for the semiconductor industry. As the artificial intelligence boom continues, the chip inventory situation is also improving significantly. Institutional analysis said that after two consecutive years of active destocking process, the semiconductor industry's inventory level may improve significantly in 2024.

Beyond yourself, the world's strongest

since the ChatGPT of OpenAI set off an artificial intelligence boom at the end of 2022, Avida's GPU chips have become very popular and have been called the "shovel seller" in the era of artificial intelligence ". The company's high-end server GPUs are essential for training and deploying large AI models, and companies such as Microsoft and Meta have spent billions of dollars on these chips. Last year, Nvidia almost monopolized the AI chip market with 80% of the market share, and the industry rated it as "almost no competitors".

And this year Nvidia's new GPU chip performance at the GTC conference is even more powerful. The company claims that BlackWell have six breakthrough technologies that can support models with up to 10 trillion parameters for AI training and real-time LLM inference. According to reports, the AI training effect of the new architecture chip is increased by 5 times, while the cost and energy consumption are improved by 25 times compared with the previous generation. In short, the new generation of chips is more efficient and consumes less energy.

Institutions judge that the semiconductor industry has entered an upward cycle

Nvidia's continuous breakthroughs in technology have provided strong support for the progress of artificial intelligence. As the demand for computing power increases, the demand for high-performance chips is also increasing. In the AI era, the importance of chips as the core of computing power is self-evident, which has greatly promoted the vigorous development of the semiconductor industry. Recently, a number of institutions have issued research reports, that the semiconductor industry is ushering in a new round of upward cycle.

TechInsights released its global semiconductor market forecast on March 12. The agency expects the semiconductor market to pick up in an all-round way this year, and the industry is expected to rebound strongly in 2024, with a market size of more than $650 billion. Shanxi Securities research, the global semiconductor industry back to warm, continue to be optimistic about the generation of AI-driven storage chip industry recovery.

Guojin Securities said: "The end of the active destocking phase, the semiconductor industry in 2024 emerging cycle upward signal. The overall supply adjustment in place, with demand steadily upward, chip prices are expected to bottom upward, the semiconductor industry chain is about to open the upward channel."

Guo Tao, deputy director of the China E-commerce Expert Service Center, pointed out that memory chips are regarded as "the weather vane of the semiconductor industry", and prices will start to rise first in the second half of 2023, which means that the market supply and demand relationship has improved and the industry will enter an upward cycle. The development of artificial intelligence industry and the recovery of consumer electronics market will be important factors to promote the recovery of the semiconductor industry. The combination of the two is expected to inject growth momentum into the semiconductor industry.

a number of listed companies welcome institutional research

with the industry to judge the semiconductor industry to accelerate the recovery, recently a number of listed companies also ushered in institutional research.

Choice statistics show that the semiconductor industry has welcomed 1217 institutional visits in the past month, ranking third in the industry.

according to the classification of CITIC industry, as of March 19, the number of institutions in the semiconductor industry in the past month was counted, with a total of 6 companies exceeding 100. Among them, the top three are Dongxin shares (688110.SH), Shengmei Shanghai (688082.SH), Jiejie Microelectronics (300623.SZ). In the top ten, Lanqi Technology (688008.SH), Force Core Micro (688601.SH) and so on are also on the list.

Dongxin's products are widely used in the field of network communication, mainly including telecom-grade equipment, home ONT, WiFi and portable MiFi, 5G CPE, etc. The company said in its research that its self-developed LPDDR 4x products are actively in the process of sending samples for verification.

Jiejie Microelectronics is a power (power) semiconductor device manufacturer and brand operator integrating power semiconductor devices, power integrated circuits, chip research and development and manufacturing of new components, device research and development and packaging, chip and device sales and service. The company said its fourth-quarter 2023 results increased sequentially.

Lanqi Technology expressed full confidence in its future development when it was surveyed: "Since the second quarter of 2023, the company's inventory situation has continued to improve. The company's growth logic this year and next mainly includes the recovery of overall industry demand, continued penetration of DDR5, sub-generation iterations and the gradual start of new products on volume."

In the context of the industry's expected improvement in semiconductors, the Dongguan Securities Research Report pointed out that it is recommended to grasp the investment opportunities in the semiconductor sector from three aspects: AI innovation, cyclical recovery and localization.