Apple Vision Pro 正式发售，拥抱供应链机遇。2 月 2 日，苹果 Vision Pro 开始在美国上市。自 1 月 19 日开启预售后，苹果官网迅速被挤爆，首批产 品秒空，目前订单要到 3 月中下旬才能收货。Vision Pro 应用用场景丰富，下游多点开花，如医疗教学、音乐应用、产品推广、生产管理等，而非仅限于游戏，广泛场景将推动头显应用。中国供应链在苹果 MR 供应链中占据重要地位，未来二三代平价版本头显放量下，中国相关供应商有望充分受益。

中国台湾电子指数 2023 年涨幅 37.7%，24M1 月内涨幅 1.6%。费城半导体指数、申万电子指数、申万半导体指数、中国台湾电子指数 2023 年涨幅分别为 67.0%、5.2%、-7.1%、37.7%；24M1 月度涨幅分别为 2.0%、-23.9%、-24.6%、1.6%。从中国台湾细分电子指数来看，24M1 月度涨幅最高的指数为中国台湾电子通路指数，涨幅为 11.2%；跌幅 最高的指数为中国台湾电子零组件行业指数，跌幅为 3.8%。从重点公司股价表现来看，24M1 月内涨幅最高的 5 家重点中国台湾电子公司为纬颖、华泰、纬创、广达、台积电；月内跌幅最高的 5 家公司为矽力杰、大立光、汉磊、华新科、台半。

Precision air conditioners are capable of operating continuously while offering precise control over the temperature and humidity conditions of a data center environment. These units are specifically designed to cool the IT equipment in data centers. Precision air conditioners comprise an indoor and outdoor unit. They are used to supply cold air through the cold air inlet of data center racks and exhaust hot air from the air outlet. The hot air is treated to an optimal temperature and humidity and then supplied as cold air. These units use microcontroller-based advanced algorithms to control the temperature and humidity accurately. They offer additional features such as high cubic feet per minute (CFM) and sensible heat ratio. Precision air conditioners can also communicate with the building management system (BMS). Many data centers currently use these air conditioners to overcome the challenges of high heat loads.

A delta robot has multiple kinematic chains that interconnect the base with the end-effector. From the base of the delta robot, three middle-jointed arms extend and connect to the actuators and motors. The input from the motors and actuators facilitates the movement of the arms in the X, Y, and Z axes. Delta robots are high-speed, high-precision robots that are used in a wide range of industries, such as food processing, pharmaceuticals, electronics, and others. By type, the delta robots are segmented into 3-axis, 4-axis, and 6-axis.

Smart helmets are an efficient safety tool that improves situational awareness and traffic safety. Smart helmets are becoming increasingly popular among consumers, primarily because of features such as integrated communication systems, real-time navigation, and increased safety. The helmet is developed as a smart for detecting accidents in motorcycles and also sends the geographical location to the concerned authorities. The device is interconnected with IoT, which is embedded with sensors, software, and network connectivity. The smart helmet has dual-mode Bluetooth technology, an integrated video camera, turn signal indicators and brake functions, speakers, and microphones to connect with mobile phones.

A connector is a device that carries electricity or electronic signals and connects the input/output (I/O) port of an electronic or electrical device to the internal controls of a machine or another device. It provides a secure and reliable connection while allowing for disconnection when needed. Connectors come in various types, such as USB, HDMI, and audio jacks, each designed for specific applications and requirements, facilitating seamless communication and integration of electronic devices.

The production of semiconductors involves different steps that are achieved using semiconductor production equipment. The production process involves two categories, namely the front end of the line and the back end of the line (BEOL). FEOL refers to gate formation, while BEOL refers to interconnect formation or wiring development.

Metrology service providers offer field or laboratory services to original equipment manufacturers (OEMs) using metrology tools such as coordinate measuring machines (CMMs), lasers and scanners, vision systems, and software, as well as metrology experts. These services include reverse engineering, repair and calibration services, training, equipment rentals, tool design, and automation and system integration of measurement equipment.

The term dermatology laser is used to describe a type of high-energy laser designed for medical procedures within the dermatology field. Dermatological lasers use a particular wavelength of light to precisely target and penetrate a particular layer of the skin. This allows for the precise treatment of a variety of skin conditions, such as improved skin appearance, the treatment of skin diseases, the removal of unwanted hair, the removal of tattoos, the reduction of wrinkles, scars, and other skin blemishes. The use of a particular type of laser depends on the intended treatment and the target area of the body.

A flat panel display is an electronic viewing device to see content such as images, videos, text, or other visual material. Flat panel displays are used in a wide range of entertainment products, such as consumer electronics like personal computers, mobile devices, televisions, and other display appliances, and in other products such as medical, transportation, and industrial equipment. A flat panel display equipment is any machinery that is used to manufacture flat panel displays for the above-mentioned applications.

High-end servers contain advanced management software that allows administrators to remotely access servers and monitor event logs, execute standard maintenance activities such as BIOS and software upgrades, and trigger planned server shutdowns. Additional administration capabilities allow users to design and manage storage devices, monitor, CPU, and disc utilization, define parameters for failure prediction, diagnose server issues, and send event notifications through e-mail, pager, or phone. Furthermore, a highly maintainable server often includes a tool-free chassis as well as hot-swappable hard drives and power supplies.

The global missile launching systems market is the industry that produces, develops, and sells various types of missile launch systems around the world. These systems are used to launch missiles, ranging from short-range to medium-range and long-range, for military, defense, or space applications. The market includes the manufacture of launch systems, related components,

1月SW半导体指数下跌24.63%，估值处于2019年以来26.88%分位2024年1月SW半导体指数下跌24.63%，跑输电子行业0.72pct，跑输沪深300指数18.34pct；海外费城半导体指数上涨2.05%，台湾半导体指数上涨3.11%。从半导体子行业来看，半导体设备跌幅最小，为22.09%；模拟芯片设计跌幅最大，为31.53%。截至2024年1月31日，SW半导 体指数PE（TTM）为52x，处于近2019年以来的26.88%分位。SW半导体子行业中，分立器件和半导体设备PE（TTM）较低，分别为35倍和36 倍；模拟芯片设计估值最高，为97x；分立器件、半导体设备、半导体材料处于2019年以来和近一年较低估值水位。

传感器被誉为“万物互联之眼”，可以精确地测量出压力、温度、浓度等，是数据采集的源头。传感器自诞生以来，大致经历了结构型、物性型和智能型三个发展阶段。传感器的工作原理是通过敏感元件及转换元件把特定的被测信号，按一定规律转换成某种 “可用信号”并输出，以满足信息的传输、处理、记录、显示和控制等要求。

苹果 Vision Pro 于 24 年 2 月 2 日上市，我们第一时间购买相关产品，并进行了测评和体验。2 月 14 日，Meta CEO 扎克伯格在 Ins 将自家 Quest 3 与 Vision Pro 做了对比，市场对此关注度较高，我们将在本文对两者硬件参数、功能（包括显示、VST 和交互体验等）、软件生态等展开详细对比。

射频前端是无线通信核心部件，随通信制式发展市场将保持高速增长。射频前端的主要功能是实现无线电磁波信号的发送和接收，是移动终端实现无线通信功能所必需的核心模块。伴随通信制式不断向前发展，射频前端设计方案日益复杂。根据 Yole 的统计预测，2022 年移动终端射频前端市场总规模约为 192 亿美元，到 2028 年市场规模有望扩大至 269 亿美元，2022 年-2028 年年均复合增速将达 5.78%。

半导体存储器下游广泛，涵盖智能手机、平板电脑、计算机、网络通信设备、可穿戴设备、物联网硬件、安防监控、工业控制、汽车电子等丰富应用场景，而不同应用场景对存储器的参数要求复杂多样，涉及容量、读写速度、可擦除次数、协议、接口、功耗、尺寸、稳定性、兼容性等多项内容。为了满足不同的终端需求，存储模组厂商需要根据客户对存储模组产品实际需求提供客制化的存储模组；同时，随着存储技术的不断发展，新的存储介质、接口标准和封装技术等不断涌现，都为存储模组的多样化提供了技术支持。例如，从早期的 SATA 接口到现在的 PCIe 接口，从 2D NAND 闪存到现在的 3D NAND 闪存。

全球模拟芯片市场进入平稳扩张阶段，2022年模拟芯片市场规模845亿美元，占比半导体市场总规模15.5%，同比增速14.0%。模拟芯片细分种类众多，按照功能划分，模拟芯片主要有电源管理芯片和信号链芯片，电源管理芯片负责电能转换、控制与保护，信号链芯片用于模拟信号的收发、放大、转换与滤波。在传感器、音频、通信和控制等领域，模拟芯片发挥关键作用，与数字芯片共同完成信号的整体处理。为满足不同应用需求，模拟芯片使用各种工艺，包括CMOS、BMOS、BCD等。受全球宏观经济影响，全球模拟芯片市场在经历周期性波动后目前增速恢复至14%，未来有望在汽车电子化升级、工业自动化持续推进，以及5G商用和物联网应用带来新增需求的推动下稳定扩张。