B[Beijing: Deepen the promotion of "artificial intelligence + consumption" and increase the effective supply of new generation intelligent terminal products such as artificial intelligence mobile phones and computers, smart wearables, and smart robots] On October 10, the Beijing Municipal People's Government issued the "Beijing Plan for Deepening the Construction of an International Consumption Center City during the "15th Five-Year Plan" Period", which mentioned that "artificial intelligence + consumption" will be further promoted. Expand the consumption of digital products and increase the effective supply of new generation smart terminal products such as artificial intelligence mobile phones and computers, smart wearables, and smart robots. Innovate digital content consumption, encourage the use of artificial intelligence technology to assist in the creation of drama, music, dance, art, immersive experiences, etc., launch more high-quality digital cultural products, and increase the supply of radio, television and online audio-visual ultra-high-definition content. Create new scenarios for digital consumption, accelerate the integration of digital technology and consumption scenarios, promote the integration and application of artificial intelligence, virtual reality, ultra-high definition and other technologies with business, education, medical care, culture, tourism, sports and other fields, and create smart business districts and smart stores. Expand digital consumption channels, support digital marketing of physical commercial enterprises, and guide the standardized and healthy development of instant retail, live broadcast e-commerce, etc. A[Central Committee of the Communist Party of China and the State Council: Comprehensively implement the "artificial intelligence +" action to strengthen the efficient supply of computing power, algorithms, data, etc.] On October 9, the Central Committee of the Communist Party of China and the State Council issued the "Opinions on the Development of New Productivity". The opinion proposes to fully implement the "artificial intelligence +" action. Promote the transformation of traditional industries by artificial intelligence, and accelerate the application of new generation intelligent terminal scenarios such as intelligent connected new energy vehicles, artificial intelligence mobile phones and computers, and humanoid robots. Accelerate the innovation of digital intelligence technologies such as artificial intelligence, break through basic theories and core technologies, and strengthen the efficient supply of computing power, algorithms, data, etc. According to local conditions and industry-specific policies, we will lay out national artificial intelligence industry application pilot bases and high-value application scenarios, and vigorously promote the application of artificial intelligence in various industries. Build a technical monitoring, risk warning, and emergency response system to ensure the safety, reliability, and controllability of artificial intelligence. A[Overnight global news you need to know on Friday: The United States will send more troops to the Middle East, Federal Reserve officials gave intensive speeches, the U.S. Treasury repurchased US$6 billion in longer-term Treasury bonds, and U.S. optical communications and memory chip stocks surged]
1. The situation in the Middle East
1. Trump said that the United States may increase its attack on Iran after the mid-term elections. And said that the Iran problem will end soon, no matter how it is.
2. According to reports, the United States will send up to 10,000 additional troops and a third aircraft carrier to the Middle East.
3. People familiar with the matter said that Iran’s foreign minister stated in private talks that Iran is willing to resume inspection personnel’s access to the bombed nuclear facilities in exchange for the lifting of sanctions.
4. According to reports, people familiar with the matter said that there was no negotiation on Iran’s nuclear program in recent meetings with mediators.
5. The Houthis said that Saudi Arabia has launched air strikes in many places in Yemen, but Saudi Arabia has not responded yet.
6. The fighting in the southwestern province of Yemen intensified, and 30 Houthi armed personnel were killed.
2. Speeches by Federal Reserve officials
1. Federal Reserve Governor Bowman said there is no need for further interest rate adjustments this year.
2. Federal Reserve Kashkari said that if the Federal Reserve continues to raise interest rates, it will bring different pressures to different areas of the economy.
3. Fed Jefferson said that inflation has been too high for too long and there is still a risk that it will remain high, but policymakers may need more time to judge whether further interest rate increases are necessary.
4. Fed Kashkari said that he is open to how quickly the Fed should raise interest rates; depending on the performance of the economy, the Fed may need to raise interest rates more than expected.
5. Federal Reserve Governor Cook said that the impact of supply shocks has been unexpectedly long-lasting and has become more significant in policy.
6. Federal Reserve official Collins said that economic growth is close to the trend level or above the trend level and will not predict the next meeting in advance.
7. Fed official Schmid said officials still have work to do on inflation.
8. Fed Williams said that artificial intelligence is affecting supply in ways that we do not yet fully understand.
3. Global market news
1. The U.S. Treasury Department conducted a liquidity repurchase operation of 10- to 20-year U.S. Treasury bonds worth $6 billion on October 1.
2. Traders have reduced their bets on the European Central Bank to raise interest rates and no longer fully digest the scenario of three interest rate hikes.
3. Traders no longer fully digest the possibility of the Bank of England raising interest rates four times before the end of 2027.
4. European Central Bank President Lagarde said that Europe must develop its own artificial intelligence capabilities.
5. Anthropic is reported to be planning a large-scale IPO before the Thanksgiving holiday, and plans to hold a pre-IPO investor day event on October 14.
6. According to reports, Nvidia and SoftBank have completed their last investment of US$10 billion in line with their respective commitments of US$30 billion in OpenAI’s last round of financing.
7. Microsoft launched mAI-transcribe-2-streaming and released the Mai-Transcribe model and Mai-Voice model.
8. Meta said that it will connect the personal AI agent Muse to AI glasses in the next few months.
9. Musk said that he would reduce the RAM of Tesla’s AI5 chip by half and reduce the RAM of the AI6 chip by one-third.
10. According to reports, Authentic is discussing acquiring Mattel for more than $20 per share.
11. Broadcom plans to provide up to US$42 billion in financing to Anthropic, which may become Broadcom’s largest chip design customer next year.
12. Samsung Electronics has raised the prices of most smartphones in the Galaxy S26 series.
13. U.S. Trade Representative Greer said that Europe should release some diesel stocks. Europe must act on overcapacity.
14. All three major U.S. stock indexes closed slightly higher, with the S&P 500 rising by 0.19%, the Nasdaq rising by 0.04%, and the Dow Jones Industrial Average rising by 0.04%. Optical communications and memory chip stocks surged, with Coherent rising by more than 10%, Ciena and lumentum rising by more than 7%, and SK Hynix rising by more than 5%. Nvidia rose more than 1%, hitting a new closing high since mid-May. Major European stock indexes closed down collectively, with Germany's DAX30 index falling 0.87%.
15. The settlement price of international crude oil futures closed sharply higher. WTI crude oil futures November contract rose 2.71%, Brent crude oil futures December contract rose 4.37%.
16. COMEX gold futures rose 0.5% to US$4,207.8 per ounce; COMEX silver futures rose 1.29% to US$61.35 per ounce. B[Generative Artificial Intelligence Application Development Report (2026): Generative Artificial Intelligence application scenarios show a diversified development trend, and the potential of smart consumption represented by smart devices is accelerating.] On September 29, the China Internet Network Information Center Policy and International Cooperation Institute released the "Generative Artificial Intelligence Application Development Report (2026)" at the "2026 (Seventh) China Internet Basic Resources Conference". The "Report" shows that generative artificial intelligence application scenarios are showing a diversified development trend, and the potential of smart consumption represented by smart devices is accelerating. First, intelligent question and answer is the main application scenario. 76.0% of users said they would let generative artificial intelligence answer questions; the proportion of users who used generative artificial intelligence to process pictures/videos, texts, work summaries/meeting minutes/PPT were 47.8%, 37.6% and 32.5% respectively. Second, life assistants and smart offices have grown significantly. Judging from the number of users using various generative artificial intelligence applications, the number of uses of AI comprehensive assistant, AI efficiency office and other applications have increased by more than 100% year-on-year. Third, smart consumption stimulates new consumer demand. Data shows that 38.7% of netizens have purchased smart hardware devices online in the past six months. Among them, wearable devices and 3C digital products are the primary entry points for Chinese netizens to access smart hardware devices. The proportion of netizens who have purchased smart wearable devices is 20.2%; the proportion of netizens who have purchased 3C digital products such as smartphones and tablets is 18.2%. B[Jiangsu: Total retail sales of consumer goods in the province from January to August increased by 1.0% year-on-year] On September 22, the Jiangsu Provincial Bureau of Statistics released a brief summary of Jiangsu's economic performance from January to August. From January to August, the total retail sales of consumer goods in the province was 3.12994 billion yuan, a year-on-year increase of 1.0%. In August, the retail sales of communication equipment above designated size, cultural office supplies, and cosmetics increased by 44.7%, 41.8%, and 7.9% respectively year-on-year. Among them, the retail sales of computers and their ancillary products, and smartphones increased by 78.2% and 52.2% respectively. B[Two departments: Strengthen the compatibility and adaptation of terminal-side large models, computing chips, storage chips, and operating systems to accelerate the deep integration of smart bodies and terminal products] On September 15, the Ministry of Industry and Information Technology and the National Development and Reform Commission issued the "Fifteenth Five-Year Plan for the Development of Electronic Information Manufacturing Industry", which mentioned that the foundation for artificial intelligence hardware should be consolidated. Support technological innovation and product iterative upgrades. Strengthen the collaboration between artificial intelligence chips and complete machine products, accelerate the development of cloud training equipment, develop end-side reasoning equipment and chips for embodied intelligence, autonomous driving and other fields, and consolidate and expand the application scale of artificial intelligence chips. Promote the preparation and implementation of the Computing High-speed Interconnect Bus Unified Protocol (CLink) series of specifications. Strengthen the adaptation of artificial intelligence chips to large models, databases, etc. Build relevant public service platforms and improve the artificial intelligence chip standard system. Continue to promote iterative upgrades of products such as artificial intelligence mobile phones, personal computers, smart glasses, audio-visual terminals, vehicle-mounted terminals, industrial terminals, and commercial terminals, broaden usage scenarios, and optimize product experience.
Strengthen research on key end-side technologies and promote the application and transformation of innovative results. Strengthen the compatibility and adaptation of end-side large models, computing chips, storage chips, and operating systems, and accelerate the in-depth integration of intelligent agents and terminal products. Establish an intelligent grading standard system and evaluation system for artificial intelligence terminals, and strengthen the implementation and promotion of standards. Accelerate the construction of the upstream and downstream ecosystem of the industrial chain and support the large-scale application of artificial intelligence terminals in key areas. B[Organization: 2Q26 wafer foundry revenue approaches US$53.49 billion, demand for advanced processes and AI continues to be strong] September 9th, according to TrendForce’s latest wafer foundry industry research, the combined output value of the world’s top ten foundries increased by 11.5% quarter-on-quarter in the second quarter of 2026, reaching close to US$53.49 billion, setting a new high. Growth momentum: In addition to the continued supply shortage of advanced processes such as AI HPC main chips, the demand for AI peripheral ICs such as PMIC/Power Discrete has increased simultaneously. In addition, the effect of advance stocking of consumer supply chains such as TVs, PCs/laptops has continued, driving the production capacity of some mature processes to become tight. Observing the third quarter revenue performance, consumer IC design customers consider that mature process production capacity may continue to be squeezed out, and wafer prices are expected to rise, so there will still be a certain momentum for wafer production. In addition, flagship smartphone models have entered the stocking cycle, and AI HPC has been transferred to new platforms to increase volume, which will help further increase the overall foundry output value. B[Agency: Advance purchase drives total smartphone production in 2026 to be better than expected, raising annual production to 1.07 billion units] "Science and Technology Innovation Board Daily" reported on the 8th that according to TrendForce's latest mobile phone industry survey, the total global smartphone production in the second quarter of 2026 reached 275 million units, down 8% from the same period last year. The decline was less severe than the original forecast, and the overall performance was better than market expectations. TrendForce analyzed that the better-than-expected performance this quarter was mainly driven by two factors: First, some consumers were worried that rising memory prices would continue to push up the cost of the entire machine, prompting another wave of price increases for new machines in 2027, so they chose to purchase machines in advance; second, some brands had previously excessively reduced their production plans due to rising memory costs, but now they are making back-up adjustments as the market stabilizes. Driven by the above effects, TrendForce has raised its forecast for total smartphone production in 2026 from the original 1.05 billion units to 1.07 billion units, and the annual decrease has also converged from 16% to 14%. B[Sellers of electronic products in Huaqiangbei: Basically all mobile phone brands have increased their prices, with the highest increase reaching 1,000 yuan to 1,500 yuan] September 8th, at the beginning of this month, many mainstream mobile phone brands successively adjusted the selling prices of their products. Flagship models saw price increases ranging from hundreds to thousands of yuan, and entry-level models also saw price changes of around 100 yuan. In an electronic product store in Huaqiangbei, mobile phones from all major mainstream brands are on display. The person in charge of sales told reporters that since the beginning of the year, they have received notices of price increases from many mobile phone manufacturers, and some manufacturers have adjusted their prices several times. "Basically all brands have increased their prices. The minimum is 400 yuan and the maximum is 1,000 to 1,500 yuan." Industry insiders said that this round of mobile phone price increases is mainly due to the impact of supply chain cost transmission. In the past year, global memory chip prices have continued to rise. The prices of smartphone running memory and body storage have increased by more than 100%. In addition, the cost of components such as capacitors has also increased. (CCTV Finance) B[Jeffrey: Apple will start a new product cycle, and folding screens will become a driver of higher profits] On September 7, Apple’s new CEO John Ternus will officially release the first series of new products after taking office on Wednesday, local time. Jefferies analyst Edison Lee said that Ternus’s debut on Wednesday marks the beginning of a three- to five-year new product cycle. This set of product plans had been finalized long before he took office, with the purpose of reviving consumers' willingness to purchase. "The iPhone market demand has become saturated, and they must focus on new product forms to drive demand for smartphone replacements... They cannot stick to the existing appearance form and expect consumers to be willing to continue to pay higher prices," Lee said. UBS analyst David Vogt predicts that Apple's foldable device sales will reach at least 10 million units in the first year of its launch, roughly equivalent to Samsung's foldable machine sales in the past 12 months. Although this figure is not high compared to Apple's total iPhone shipments of about 250 million units worldwide, it is enough to increase the average selling price of Apple mobile phones. Vogt said: "When you face supply chain pressure, produce more high-priced models and reduce the production of low-priced models." Consistent with the views of many analysts, Vogt expects Apple to raise prices across the entire iPhone product line this week, and this matter may attract as much attention as any cool new hardware. B[Agency: Global AMOLED mobile phone panel shipments will increase by 3.8% year-on-year in the first half of 2026] September 7th, CINNO Research statistics show that in the first half of 2026, the global market AMOLED smartphone panel shipments will be approximately 430 million pieces, a year-on-year increase of 3.8%, and the overall performance is better than expected. Although the smartphone terminal market is facing the pressure of weak demand, leading brands such as Apple and Samsung have maintained a stable procurement rhythm with their solid supply chain advantages and strong profitability resilience, becoming an important support for driving shipment growth. At the same time, in the face of subsequent market uncertainty, some domestic panel manufacturers took the initiative to release some future demand in order to maintain production line utilization and avoid potential risk of cost increases, further pushing up shipments in the first half of the year. In addition, against the backdrop of more conservative consumption intentions and longer replacement cycles for new phones, demand in the mobile phone repair market has increased significantly, providing additional growth for overall shipments. B[Sinorock Technology: Some cooling products have been delivered in mass production] On September 4th, Sinopec Technology (300684.SZ) released an investor relations activity record announcement. In 2025, the company completed the acquisition of Sinopec Xunleng to further improve the strategic layout of liquid cooling. Relying on the business collaboration between the two parties, the company has entered the head connector customer supplier system and obtained the vendor code (Vendor Code), and some cooling products have been delivered in mass production. At the same time, focusing on the demand for 1.6T high-speed optical modules and next-generation high-speed interconnect products, the company actively promotes the research and development, verification and customer introduction of new-generation connector liquid cooling plates, NPO liquid cooling solutions and other products, and continues to improve the liquid cooling product system. In addition, the company continues to promote the development and application of high-performance graphite films, graphite die-cut components, flexible graphite, VC absorbent cores, thermally conductive interface materials and other products based on the development trend of thinner, lighter and higher-performance terminal products such as smartphones and folding screens. The company continues to promote product cooperation and new product introduction with domestic and foreign leading customers. The high-performance VC liquid-absorbent core material has completed product introduction verification for some customers and has the conditions for mass production and delivery. B[Agency: Storage price increases will push up the cost of mobile phones. The average price of smartphones on sale globally will rise by about 15% in 2026] "Science and Technology Innovation Board Daily" reported on the 4th that according to counterpoint news, since 2026, driven by the increase in global storage prices, more than 40% of smartphone models have experienced price increases. This is the first time in the industry. The price of the newly released models is 25% higher than that of the models released in the same period last year. Since 2026, global smartphone retail prices have increased by an average of 15%, and the prices of some models have nearly doubled. As the cost of storage and other components rises, smartphone manufacturers are continuing to pass on higher costs to consumers. Price-sensitive markets were most obviously affected, with the Indian market experiencing the highest growth at 21%, the Asia-Pacific region at 19%, and the Middle East and Africa at 18%. Markets with a high proportion of high-end models and operator-dominated markets saw relatively modest growth, with prices rising by 10% in China, 7% in Europe, and 5% in the United States. The increases were mainly concentrated in newly launched models. B[Many domestic mobile phone manufacturers have unified prices today, and many mobile phone prices have increased by 1,000 yuan] On September 1, many domestic mobile phone manufacturers have unified prices today, involving multiple price models, with increases of more than 200 yuan. According to Jiangnan Metropolis Daily, Xiaomi has also made price adjustments this time, including Xiaomi 17 series, REDMI K90 series, and Turbo 5 Max models. In addition, the prices of many Huawei mobile phones have increased by 1,000 yuan. Includes: Huawei Mate 80 Pro series: 12GB+256GB priced at 5,999 yuan before price adjustment and 6,999 yuan after price adjustment; 12GB+512GB priced at 6,499 yuan before price adjustment and 7,499 yuan after price adjustment; 16GB+512GB priced at 6,999 yuan before price adjustment and 7,999 yuan after price adjustment; 16GB+1TB 7,999 yuan before price adjustment, 8,999 yuan after price adjustment. Huawei Mate 80 Pro Max: 16GB+512GB priced at RMB 7,999 before price adjustment and RMB 8,999 after price adjustment; 16GB+1TB priced at RMB 8,999 before price adjustment and RMB 9,999 after price adjustment. According to previous reports, Qualcomm chips plan to increase prices in September this year, and the increase will reach double-digit percentages. This price adjustment may affect multiple technology fields such as smartphones and wearable devices.
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