A recent research report by CITIC Securities highlights that since 2025, the relentless progression of AI Agent technology has fueled a persistent surge in sentiment within the realm of AI inference. Notably, Google AI Token's inference volume surged to 480 trillion in April 2025, marking a year-over-year growth of an astonishing 50-fold increase. ASIC chips, tailored to specific architectures and models, exhibit substantial advantages over GPUs in terms of power consumption and cost. From a product demand standpoint, as AI becomes increasingly prevalent in applications such as search ranking, recommendation systems, and SaaS, ASIC products, with their cost-efficiency and low power consumption, are poised to offer robust support for industry growth. From a supply perspective, the ASIC industry is anticipated to maintain an oligopolistic market structure in the foreseeable future, with key suppliers hailing predominantly from the United States.