华泰证券:AI算力建设正推动产业竞争向通用计算与先进封装等系统环节延伸

智通财经
Sep 08
【华泰证券:AI算力建设正推动产业竞争向通用计算与先进封装等系统环节延伸】华泰证券研报称,9月2日—3日华泰证券组织了2026年秋季策略会,会上围绕AI算力基础设施的各个细分方向展开交流。华泰证券发现,AI算力建设正推动产业竞争由单一加速器向材料、互连、通用计算与先进封装等系统环节延伸:800G、1.6T光模块迭代带动有源光芯片需求增长,InP衬底高规格、良率及稳定交付能力更加关键,国产供应链加快验证与导入;AI数据中心显著提升光纤用量,光棒扩产周期较长,高性能光纤供需有望偏紧,空芯光纤等新技术加速演进;智能体持续规划、工具调用和多任务协同提升CPU编排与调度价值;大尺寸、高密度封装升级为玻璃基板打开新应用空间,量产能力将决定产业化节奏。

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