Hong Kong's three major indexes rose across the board in the afternoon, with semiconductors taking off across the board in the afternoon. As of the time of publication,$HG SEMI (06908.HK)$an increase of over 32%.$SMIC (00981.HK)$up over 15%, $HUA HONG SEMI (01347.HK)$,$SHANGHAI FUDAN (01385.HK)$Rising by more than 12%.

On the news front, the senior officials put forward the promotion of China's modernization, with technology leading the way. Technological innovation is the only way. They highly value and cherish technological talents. "Life may only come once", everyone should release their potential, continue to work hard, and contribute their intelligence to achieve technological self-reliance and strength.

Recently, a series of "incremental policies" have been successively released. Tianfeng Securities believes that a series of "incremental policies" may boost demand for terminal electronic consumer goods, drive the industry chain beyond expectations. Reviewing the history of semiconductors, the initiation of a major cycle often accompanies the occurrence of unpredictable major events. The bank believes that if this round of domestic incremental policies effectively stimulate consumer demand, it is expected to increase semiconductor demand expectations throughout the entire industry chain, becoming one of the driving forces for the upward trend of this cycle, bullish on the performance of domestic semiconductor demand after the incremental policies.

In addition,$Taiwan Semiconductor (TSM.US)$The third-quarter performance exceeded market expectations, also boosting the performance of the semiconductor sector. In the third quarter, Taiwan Semiconductor's revenue was approximately 759.69 billion New Taiwan dollars, an increase of 39.0% year-on-year, an increase of 12.8% quarter-on-quarter; net income was approximately 325.26 billion New Taiwan dollars after tax, exceeding the market estimate of 299.3 billion New Taiwan dollars, an increase of 54.2% year-on-year, an increase of 31.2% quarter-on-quarter.

Analysts point out that after exceeding expectations in quarterly performance, Taiwan Semiconductor raised its revenue growth target for 2024, alleviating concerns in the market about the sustainability of global chip demand and artificial intelligence hardware prosperity, indicating to investors that its demand for chips remains strong.

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