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光模块技术演进趋势:光学部件与ASIC芯片集成度不断提升
光模块技术演进趋势:光学部件与ASIC芯片集成度不断提升
行业数据
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图片大小:1027KB
图片尺寸:2268*1234
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所属报告:
通信行业深度报告:AI时代光模块需求景气不减上游光芯片&光器件大有可为-241203(39页).pdf
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相关数据
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AI云计算核心竞争要素:规模效应、AIInfra能力、自研ASIC芯片
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2026-03-24
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图7:超大规模企业当前正在推进的ASIC项目计划至2025年
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图8:超大规模企业的ASIC项目及我们对2026年的预测
| 公司   | 高性能计算ASICs       | 功能             | 设计 | 生产 | 代工 | 工艺节点 | 每片晶圆的费用 | 铸造晶圆价格(美元) | 每个芯片的前端制造成本 | 每颗芯片的后端成本 | 每个散子的总成本(美元) | IC设计幅度 | 每个散子的1C设计交钥匙内容(美元) | IC设计交钥匙市场指导/URSe(百万美元) | 隐含IC设计服务交钥匙项目数量(单位) | 暗示的'26硅片需求(千硅片每年) | IC设计服务/供应链管理合作伙伴 |
|--------|------------------------|------------------|------|------|------|----------|----------------|--------------------|------------------------|--------------------|-------------------------|------------|------------------------------------|-------------------------------------|-----------------------------------|-------------------------------|------------------------------|
| 亚马逊 | 引子力3                | 数据中心CPU      | 2021 | 2022 | 台积电 | 5纳米    | 180            | $15,000            | $83                    | $21                | $104                    | 无         | NA                                 | 无                                  | NA                                | 无                            | 不适用                       |
| 亚马逊 | Inferential            | 人工智能推理     | 2018 | 2021 | 台积电 | 16纳米   | 50             | $8,000             | $159                   | $40                | $199                    | 18%        | $318                               | $0                                  | 0                                 | 0                             | 阿尔奇普                     |
| 亚马逊 | 训练单元1/推理器2      | 人工智能训练与推理 | 2020 | 2022 | 台积电 | 7纳米    | 35             | $11,500            | $294                   | $177               | $471                    | 13%        | $850                               | $475                                | 504,597                           | 0                             | 阿尔奇普                     |
| 亚马逊 | 训练单元2/推理器3      | 人工智能训练与推理 | 2022 | 2024 | 台积电 | 5纳米    | 15             | $15,000            | $426                   | $256               | $682                    | 38%        | $941                               | $1,000                              | 885,258                           | 18                            | 马维尔                        |
| 亚马逊 | 训练单元3/推理器4      | 人工智能训练与推理 | 2025 | 2026 | 台积电 | 3纳米    | 39             | $20,000            | $512                   | $307               | $819                    | 38%        | $1,130                             | $2,000                              | 1,570,776                         | 28                            | 马维尔                        |
| 字母表 | TPU v5p/v4p            | 人工智能训练与推理 | 2023 | 2026 | 台积电 | 3纳米    | 32             | $22,000            | $692                   | $415               | $1,107                  | 15%        | $1,273                             |                                     |                                   | 62                            | 阿尔奇普                     |
| 字母表 | TPU v5e                | 人工智能训练与推理 | 2022 | 2023 | 台积电 | 5纳米    | 81             | $26                | $585                   | $403               | $988                    | 65%        | $5,212                             | $0                                  | 0                                 | 0                             | 博通                         |
| 字母表 | TPU v6e (三叶草)       | 人工智能训练与推理 | 2023 | 2025 | 台积电 | 5纳米    | 53             | $16,500            | $185                   | $120               | $305                    | 65%        | $1,866                             | $0                                  | 0                                 | 0                             | 博通                         |
| 字母表 | TPU v7p                | 人工智能训练与推理 | 2024 | 2026 | 台积电 | 4纳米    | 14             | $16,500            | $225                   | $146               | $371                    | 65%        | $1,866                             | $1,385                              | 742,087                           | 13                            | 博通                         |
| 字母表 | TPU v7e                | 人工智能训练与推理 | 2026 | 2026 | 台积电 | 3纳米    | 26             | $22,000            | $1,557                 | $1,074             | $2,631                  | 65%        | $25,345                            | $25,332                             | 2,051,983                         | 182                           | 博通                         |
| 微软   | 钻100                  | 数据中心CPU      | 2024 | 2024 | 台积电 | 3纳米    | 22             | $22,000            | $834                   | $584               | $1,418                  | 30%        | $2,026                             | $500                                | 246,834                           | 12                            | 联发科技                     |
| 微软   | Maia 100               | 人工智能训练与推理 | 2022 | 2024 | 台积电 | 5纳米    | 64             | $15,000            | $233                   | $58                | $291                    | 8%         | $315                               | $15                                 | 47,661                            | 1                             | GUC                          |
| 微软   | Maia 200               | 人工智能训练与推理 | 2024 | 2025 | 台积电 | 3纳米    | 36             | $20,000            | $420                   | $252               | $672                    | 8%         | $1,333                             | $0                                  | 0                                 | 0                             | GUC                          |
| 元宇宙 | MTIA3                  | 人工智能训练与推理 | 2024 | 2025 | 台积电 | 3纳米    | 32             | $20,000            | $621                   | $373               | $994                    | 8%         | $1,986                             | $65                                 | 32,724                            | 1                             | GUC                          |
| 开放AI | 泰坦                   | 人工智能训练与推理 | 2024 | 2026 | 台积电 | 3纳米    | 16             | $20,000            | $1,279                 | $320               | $1,599                  | 65%        | $11,809                            | $5,100                              | 431,874                           | 35                            | 博通                         |
| 英伟达 | 高迪3                  | 人工智能训练与推理 | 2022 | 2024 | 台积电 | 3纳米    | 17             | $20,000            | $1,194                 | $298               | $1,492                  | 65%        | $9,694                             | $4,845                              | 499,784                           | 37                            | 博通                         |
| 特斯拉 | 道场                   | 人工智能训练与推理 | 2022 | 2023 | 台积电 | 5纳米    | 45             | $15,000            | $422                   | $253               | $675                    | 18%        | $797                               | $85                                 | 106,667                           | 4                             | 阿尔奇普                     |
| 特斯拉 | 道场2                  | 人工智能训练与推理 | 2024 | 2026 | 台积电 | 7纳米    | 36             | $11,500            | $253                   | $152               | $405                    | 18%        | $1,562                             | $100                                | 61,734                            | 2                             | 阿尔奇普                     |

来源: 公司数据, 瑞士银行估计
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2026-03-11
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Figure 7: Hyperscalers' currently ramping ASIC projects through 2025
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2026-03-11
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Figure 8: Hyperscalers' ASIC projects and our expectations for 2026E
<table>
    <thead>
        <tr>
            ```html
<th>Company</th>
            <th>Amazon</th>
            <th>Amazon</th>
            <th>Amazon</th>
            <th>Amazon</th>
            <th>Amazon</th>
            <th>Amazon</th>
            <th>Alphabet</th>
            <th>Alphabet</th>
            <th>Alphabet</th>
            <th>Alphabet</th>
            <th>Alphabet</th>
            <th>Microsoft</th>
            <th>Microsoft</th>
            <th>Microsoft</th>
            <th>Meta</th>
            <th>OpenAI</th>
            <th>Intel/Habana</th>
            <th>Tesla</th>
            <th>Tesla</th>
        </tr>
    </thead>
    <tbody>
        <tr>
            <td>High performance computing ASICs</td>
            <td>Graviton 3</td>
            <td>Inferentia1</td>
            <td>Trainium1/Inferentia2</td>
            <td>Trainium2/Inferentia3</td>
            <td>Trainium 2.5/Inferentia 3.5</td>
            <td>Trainium3/Inferentia4</td>
            <td>TPU v5p/v6p</td>
            <td>TPU v5e</td>
            <td>TPU v6e (Trillium)</td>
            <td>TPU v7p</td>
            <td>TPU v7e</td>
            <td>Cobalt 100</td>
            <td>Maia 100</td>
            <td>Maia 200</td>
            <td>MTIA3</td>
            <td>Titan</td>
            <td>Gaudi 3</td>
            <td>Dojo</td>
            <td>Dojo 2</td>
        </tr>
        <tr>
            <td>Function</td>
            <td>Data center CPU</td>
            <td>AI inference</td>
            <td>AI training & inference</td>
            <td>AI training & inference</td>
            <td>AI inference</td>
            <td>AI training & inference</td>
            <td>AI training & inference</td>
            <td>AI training & inference</td>
            <td>AI training & inference</td>
            <td>AI training & inference</td>
            <td>AI training & inference</td>
            <td>Data center CPU</td>
            <td>AI inference</td>
            <td>AI training & inference</td>
            <td>AI training & inference</td>
            <td>AI training & inference</td>
            <td>AI training & inference</td>
            <td>AI training & inference</td>
            <td>AI training & inference</td>
        </tr>
        <tr>
            <td>Design</td>
            <td>2021</td>
            <td>2018</td>
            <td>2020</td>
            <td>2022</td>
            <td>2025</td>
            <td>2023</td>
            <td>2022</td>
            <td>2023</td>
            <td>2024</td>
            <td>2024</td>
            <td>2024</td>
            <td>2022</td>
            <td>2022</td>
            <td>2023</td>
            <td>2024</td>
            <td>2024</td>
            <td>2022</td>
            <td>2023</td>
            <td>2024</td>
        </tr>
        <tr>
            <td>Production</td>
            <td>2022</td>
            <td>2021</td>
            <td>2022</td>
            <td>2024</td>
            <td>2026</td>
            <td>2026</td>
            <td>2023</td>
            <td>2023</td>
            <td>2025</td>
            <td>2026</td>
            <td>2026</td>
            <td>2024</td>
            <td>2024</td>
            <td>2025</td>
            <td>2026</td>
            <td>2026</td>
            <td>2024</td>
            <td>2023</td>
            <td>2026</td>
        </tr>
        <tr>
            <td>Foundry</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
            <td>TSMC</td>
        </tr>
        <tr>
            <td>Process node</td>
            <td>5nm</td>
            <td>16nm</td>
            <td>7nm</td>
            <td>5nm</td>
            <td>3nm</td>
            <td>3nm</td>
            <td>5nm</td>
            <td>5nm</td>
            <td>4nm</td>
            <td>3nm</td>
            <td>3nm</td>
            <td>5nm</td>
            <td>5nm</td>
            <td>3nm</td>
            <td>3nm</td>
            <td>3nm</td>
            <td>3nm</td>
            <td>5nm</td>
            <td>5nm</td>
        </tr>
        <tr>
            <td>Dies per wafer</td>
            <td>180</td>
            <td>50</td>
            <td>39</td>
            <td>35</td>
            <td>39</td>
            <td>32</td>
            <td>26</td>
            <td>81</td>
            <td>73</td>
            <td>14</td>
            <td>26</td>
            <td>64</td>
            <td>36</td>
            <td>32</td>
            <td>16</td>
            <td>17</td>
            <td>17</td>
            <td>45</td>
            <td>36</td>
        </tr>
        <tr>
            <td>Foundry wafer pricing (US$)</td>
            <td>$15,000</td>
            <td>$8,000</td>
            <td>$11,500</td>
            <td>$15,000</td>
            <td>$20,000</td>
            <td>$22,000</td>
            <td>$15,000</td>
            <td>$15,500</td>
            <td>$16,000</td>
            <td>$22,000</td>
            <td>$22,000</td>
            <td>$15,000</td>
            <td>$20,000</td>
            <td>$20,000</td>
            <td>$20,000</td>
            <td>$20,000</td>
            <td>$20,000</td>
            <td>$11,500</td>
            <td>$17,000</td>
        </tr>
        <tr>
            <td>Front-end manufacturing cost per die</td>
            <td>$83</td>
            <td>$159</td>
            <td>$294</td>
            <td>$426</td>
            <td>$512</td>
            <td>$692</td>
            <td>$585</td>
            <td>$185</td>
            <td>$225</td>
            <td>$1,557</td>
            <td>$834</td>
            <td>$233</td>
            <td>$420</td>
            <td>$621</td>
            <td>$1,279</td>
            <td>$1,194</td>
            <td>$422</td>
            <td>$253</td>
            <td>$475</td>
        </tr>
        <tr>
            <td>Back-end cost per die</td>
            <td>$21</td>
            <td>$40</td>
            <td>$177</td>
            <td>$256</td>
            <td>$307</td>
            <td>$415</td>
            <td>$403</td>
            <td>$120</td>
            <td>$146</td>
            <td>$1,074</td>
            <td>$584</td>
            <td>$58</td>
            <td>$252</td>
            <td>$373</td>
            <td>$320</td>
            <td>$298</td>
            <td>$253</td>
            <td>$152</td>
            <td>$285</td>
        </tr>
        <tr>
            <td>Total cost per die (US$)</td>
            <td>$104</td>
            <td>$199</td>
            <td>$471</td>
            <td>$682</td>
            <td>$819</td>
            <td>$1,107</td>
            <td>$988</td>
            <td>$305</td>
            <td>$371</td>
            <td>$2,631</td>
            <td>$1,418</td>
            <td>$291</td>
            <td>$672</td>
            <td>$994</td>
            <td>$1,599</td>
            <td>$1,492</td>
            <td>$675</td>
            <td>$405</td>
            <td>$761</td>
        </tr>
        <tr>
            <td>IC design margins</td>
            <td>NA</td>
            <td>18%</td>
            <td>13%</td>
            <td>38%</td>
            <td>38%</td>
            <td>15%</td>
            <td>65%</td>
            <td>65%</td>
            <td>65%</td>
            <td>65%</td>
            <td>30%</td>
            <td>8%</td>
            <td>8%</td>
            <td>8%</td>
            <td>65%</td>
            <td>65%</td>
            <td>18%</td>
            <td>18%</td>
            <td>18%</td>
        </tr>
        <tr>
            <td>IC design turnkey content per die (US$)</td>
            <td>NA</td>
            <td>$318</td>
            <td>$850</td>
            <td>$941</td>
            <td>$1,130</td>
            <td>$1,273</td>
            <td>$5,212</td>
            <td>$1,273</td>
            <td>$1,866</td>
            <td>$12,345</td>
            <td>$2,026</td>
            <td>$315</td>
            <td>$1,333</td>
            <td>$1,986</td>
            <td>$11,809</td>
            <td>$9,694</td>
            <td>$797</td>
            <td>$810</td>
            <td>$810</td>
        </tr>
        <tr>
            <td>IC design turnkey TAM - guidance/UBSe (US$mn)</td>
            <td>NA</td>
            <td>$0</td>
            <td>$0</td>
            <td>$475</td>
            <td>$1,000</td>
            <td>$2,000</td>
            <td>$0</td>
            <td>$0</td>
            <td>$1,385</td>
            <td>$25,332</td>
            <td>$500</td>
            <td>$15</td>
            <td>$0</td>
            <td>$65</td>
            <td>$5,100</td>
            <td>$4,845</td>
            <td>$85</td>
            <td>$50</td>
            <td>$50</td>
        </tr>
        <tr>
            <td>Implied IC design service turnkey volume (units)</td>
            <td>NA</td>
            <td>0</td>
            <td>0</td>
            <td>504,597</td>
            <td>885,258</td>
            <td>1,570,776</td>
            <td>0</td>
            <td>0</td>
            <td>742,087</td>
            <td>2,051,983</td>
            <td>246,834</td>
            <td>47,661</td>
            <td>0</td>
            <td>32,724</td>
            <td>431,874</td>
            <td>499,784</td>
            <td>106,667</td>
            <td>61,734</td>
            <td>61,734</td>
        </tr>
        <tr>
            <td>Implied '26 wafer demand (k wafers per annum)</td>
            <td>NA</td>
            <td>0</td>
            <td>0</td>
            <td>18</td>
            <td>28</td>
            <td>62</td>
            <td>0</td>
            <td>0</td>
            <td>13</td>
            <td>182</td>
            <td>12</td>
            <td>1</td>
            <td>0</td>
            <td>1</td>
            <td>35</td>
            <td>37</td>
            <td>4</td>
            <td>2</td>
            <td>2</td>
        </tr>
        <tr>
            <td>IC design service / supply chain management partner</td>
            <td>N/A</td>
            <td>Alchip</td>
            <td>Alchip</td>
            <td>Marvell</td>
            <td>Marvell</td>
            <td>Alchip</td>
            <td>Broadcom</td>
            <td>Broadcom</td>
            <td>Broadcom</td>
            <td>Broadcom</td>
            <td>Mediatek</td>
            <td>GUC</td>
            <td>GUC</td>
            <td>GUC</td>
            <td>Broadcom</td>
            <td>Broadcom</td>
            <td>Alchip</td>
            <td>Alchip</td>
            <td>GUC</td>
        </tr>
    </tbody>
</table>

Source: Company data, UBS estimates.
```
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行业数据
2026-03-11
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2025年AI芯片领域ASIC市占率(以出货量计)
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竞争格局
2026-03-02
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图24:全球ASIC市场规模
fCDlubTku70gICB8IOW4guWcuuinhOaooe+8iOS6v+e+juWFg++8iSB8IOWkjeWQiOW5tOWinumVv+eOh++8iENBR1LvvIkgfAp8LS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwKfCAyMDIz5bm0IHwgNjYgICAgICAgICAgICAgICAgIHwgNTMuMDQlICAgICAgICAgICAgICAgfAp8IDIwMjjlubQgfCA1NTQgICAgICAgICAgICAgICAgfCDigJQgICAgICAgICAgICAgICAgICAgIHwKCui1hOaWmeadpea6kO+8mk1hcnZlbGzvvIzkuInkuKrnmq7ljKDmiqXlkYrnvZHnoJTnqbbnu5jliLY=
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自研数据
2026-02-05
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图24:全球ASIC市场规模
fCDlubTku70gICB8IOW4guWcuuinhOaooe+8iOS6v+e+juWFg++8iSB8IOWkjeWQiOW5tOWinumVv+eOh++8iENBR1LvvIkgfAp8LS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwKfCAyMDIz5bm0IHwgNjYgICAgICAgICAgICAgICAgIHwgNTMuMDQlICAgICAgICAgICAgICAgfAp8IDIwMjjlubQgfCA1NTQgICAgICAgICAgICAgICAgfCDigJQgICAgICAgICAgICAgICAgICAgIHwKCui1hOaWmeadpea6kO+8mk1hcnZlbGzvvIzkuInkuKrnmq7ljKDmiqXlkYrnvZHnoJTnqbbnu5jliLY=
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2026-02-05
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图表14Marvell上修2028年全球ASIC市场规模预期至554亿美元
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市场规模
2026-01-20
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图17全球ASIC市场规模
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国内eVTOL电驱产品在功率密度、集成度等方面相较国外先进水平有所差距
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