CICC(601995) 证券时报网·2024-12-13 00:53Industry Outlook - The semiconductor and components industry is expected to be in an upward cycle in 2024, with inventory and supply-demand balance stabilizing by 2025 [1] - AI-driven demand from cloud and edge computing is anticipated to drive growth in the semiconductor design sector by 2025 [2] AI-Driven Growth - The AI device replacement wave is projected to accelerate downstream demand growth in the semiconductor design sector by 2025 [2] - Cloud and edge computing power chip demand is expected to expand due to AI, benefiting companies with diversified product structures [2] Manufacturing and Supply Chain - Semiconductor manufacturing supply and demand are expected to reach equilibrium by 2025, with capacity utilization maintained at reasonable levels [2] - Advanced process manufacturing R&D is likely to continue, driving development in equipment, components, materials, and design tools [2] Investment Opportunities - Mergers and acquisitions are identified as potential investment opportunities in certain market segments [2]