Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. No offer or invitation will be made to the public in Hong Kong until after a prospectus of the ...

Citrini Research says companies aren't getting enough credit by investors for shaving jobs. - Getty Images Do one thing in 2026 as an investor? Be open to “maybe,” says a research firm whose founder who nailed diet drugs and AI themes early. “While there’s a laundry list of things I wish I had done differently since the market bottomed in October 2022, I know that the only reason I’ve more than tripled my money since then is because I was open to maybe,” says Citrini Research in its just-released trades ...

苹果自研芯片战略 - 新款iPhone Air搭载了公司全新的A19 Pro芯片，该芯片在GPU核心中集成了神经加速器以优先处理AI工作负载 [1][9] - 公司首次为iPhone推出自研无线芯片N1和第二代调制解调器芯片C1X，此举使公司控制了其手机中的所有核心芯片 [2] - 公司平台架构副总裁Tim Millet表示，控制芯片使公司能够实现超越商用芯片的性能 [3] 芯片性能与能效提升 - 公司自研调制解调器C1X相比前代C1速度提升高达两倍，并且比iPhone 16 Pro中的高通调制解调器节能30% [6] - 技术分析师Ben Bajarin指出，尽管C1X在整体吞吐量和性能上可能尚不及高通，但其低功耗特性可带来更好的电池续航 [6] - A19 Pro芯片的神经处理能力已达到MacBook Pro级别的性能，标志着机器学习计算的重大进步 [12] 供应链与制造策略转变 - 公司以10亿美元收购了英特尔的调制解调器业务，为自研调制解调器计划奠定基础，高通此前已向投资者预警此变化 [5] - 公司计划在未来四年内将美国投资承诺增加至6000亿美元，部分资金将用于在美国建立端到端的硅供应链 [19] - 公司开始在美国台积电亚利桑那州新园区生产芯片，A19 Pro采用台积电领先的3纳米节点技术制造 [18] 人工智能战略重点 - 公司专注于构建最佳的设备端AI能力，确保新发布的手机能够处理所有重要的设备端AI工作负载 [10] - 隐私保护和能效是公司优先发展设备端AI的主要原因，公司借此能更好地控制用户体验 [10] - 新的前置摄像头利用AI检测新面孔并自动切换至横屏拍照，该功能几乎动用了A19 Pro的全部能力 [11] 产品集成与未来规划 - 自研N1无线芯片已应用于整个iPhone 17系列和iPhone Air，能够更无缝地在后台处理Wi-Fi定位功能，降低应用处理器唤醒频率，提升能效 [4][5] - 分析师预计公司将在未来几年内为Mac和iPad带来调制解调器，并将自研网络芯片的变体扩展到Mac产品线 [17] - 公司采用统一架构方法，暗示下一代Mac芯片M5的GPU核心也可能集成神经加速器 [17]