研報掘金丨浙商證券:通富微電有望迎來發展新機遇,維持“ 買入” 評級
浙商證券研報指出,通富微電作為AMD第一大封測供應商,佔其訂單總數80%以上。在6月12日召開的“Advancing AI2025”大會上,正式發佈新一代Instinct MI350系列GPU加速器, 採用台積電3NM工藝, 集成288GBHBM3e 12Hi,AI計算性能相比MI300 系列提升4倍,推理能力提升35倍。未來隨着大客户業務持續發展,伴隨AI PC/AI服務器等產業趨勢,公司有望保持增長。公司作為國內先進封裝第一梯隊,技術、產能、客户兼備,隨着AI PC等終端起量帶動核心客户需求放量,及國內先進製程良率改善、產能釋放帶動國產芯片起量,有望迎來發展新機遇,故維持“ 買入” 評級。
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