Huatai Securities Research Report stated that looking forward to the electronics sector in the second half of 2025, it is recommended to pay attention to: 1) The large model architecture continues to iterate, and the Scaling Law is expected to accelerate the growth of superimposed reasoning demand again, and is expected to continue the high prosperity of the computing power chain; 2) In terms of independent control, the advanced process capacity of the domestic manufacturing end continues to advance, and attention should be paid to the continuous opening of new capacity to bring opportunities for domestic equipment manufacturers to increase the localization rate; 3) On the AI side, AI glasses are expected to usher in a turning point in the second half of the year, and the industry trend in the field of intelligent driving is expected to accelerate driven by the continued decline in the price band.