通信行业周报:国产芯片替代加速,光交换开启新纪元

上海证券
Aug 27, 2025

(以下内容从上海证券《通信行业周报:国产芯片替代加速,光交换开启新纪元》研报附件原文摘录)周核心观点H20停产在即,芯片国产化替代逻辑持续强化。消息面上,根据杭州日报微信公众号,早在今年7月,国家网信办就H20算力芯片存在的安全漏洞与后门风险约谈英伟达,要求其提交说明及证明材料。产业层面,国产芯片厂商正从概念期进入业绩兑现期,寒武纪25年Q1营收同比大增42倍至11.11亿元,实现盈利约3.56...

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