A research report issued by CITIC Securities highlights that projects with an investment scale of hundreds of billions of yuan are being vigorously implemented in Inner Mongolia’s computing power hub. These projects encompass the entire industry chain, spanning computing power equipment, computing power centers, and data factories (it should be "data factories" rather than "word-element factories", assuming it's a translation error as "word-element" doesn't make sense in this context). Considering the long-term plan to achieve 2 million P (assuming P here refers to a unit of computing power, like PetaFLOPS) of computing power by 2030 and the growing trend of autonomous control within the computing power industry, China’s domestic computing power industry chain is poised to encounter substantial growth opportunities. As the implementation of the hub’s 10,000-card-level intelligent computing clusters accelerates, and the demands for supply chain security and autonomous control intensify, there is a continuous surge in the demand for domestic AI chips, general-purpose computing power chips, and complete server systems. This, in turn, fuels growth in demand across the entire upstream industry chain, including chips, circuit boards, and complete systems. Given that the primary challenge for China’s domestic computing power industry lies on the supply side, greater emphasis should be placed on addressing the bottleneck segments in the upstream at present.
