According to the CITIC Securities Research Report, in terms of hardware, chips based on the ARM architecture are at the same level as X86 in terms of performance and continue to lead in terms of power consumption/battery life; in terms of software, Windows actively embraces the ARM software ecosystem, and Win-Arm's underlying support and native applications have been further improved. As the implementation of AI PCs continues to accelerate, I am optimistic that chips based on the ARM architecture will “ride the Dongfeng of AI” to rapidly expand the PC market share.