Ping An Securities Research Report pointed out that GPU and ASIC collaborated, and IFF's Q3 performance increased. The product portfolio continues to be optimized, and AI-related products continue to be released. Shipments of 800G and above switches increased 80% year-on-year and 25% month-on-month. The products covered multi-chip platform Ethernet switches, CPO switches, NVLink switches, and SuperNIC network cards. Businesses such as WiFi7 routers and low-orbit satellite broadband equipment have all achieved rapid growth. The company is a leader in high-end intelligent manufacturing of various electronic devices in China. It provides customers with complete solutions with advanced technology, high-quality products and professional services, and has a global layout advantage. The rapid development of the AI industry has led to continued growth in demand for computing power, high-speed network communication equipment and servers, and the company will benefit deeply from the increase in AI demand. Based on the company's long-standing close cooperative relationships with customers, the ability to jointly develop products, and supply chain management capabilities, the company still holds a key position and maintains the company's “recommended” rating.

Ping An Securities Research Report pointed out that GPU and ASIC collaborated, and IFF's Q3 performance increased. The product portfolio continues to be optimized, and AI-related products continue to be released. Shipments of 800G and above switches increased 80% year-on-year and 25% month-on-month. The products covered multi-chip platform Ethernet switches, CPO switches, NVLink switches, and SuperNIC network cards. Businesses such as WiFi7 routers and low-orbit satellite broadband equipment have all achieved rapid growth. The company is a leader in high-end intelligent manufacturing of various electronic devices in China. It provides customers with complete solutions with advanced technology, high-quality products and professional services, and has a global layout advantage. The rapid development of the AI industry has led to continued growth in demand for computing power, high-speed network communication equipment and servers, and the company will benefit deeply from the increase in AI demand. Based on the company's long-term close cooperative relationships with customers, the ability to jointly develop products, and supply chain management capabilities, the company still holds a key position and maintains the company's “recommended” rating.