国信证券指出，半导体在近2年的下行周期里完成了较为充分的去库存和供给侧出清，如今在AI算力需求的边际拉动下、在新一轮终端AI化的创新预期中，行业正迎来具备较强持续性的上行周期。华福证券表示，半导体产业链关键环节国产化落地已然进入攻坚期和深水区，国内厂商自主可控进程加速推进。Semiconductor stocks lead the gains. As of the time of publication, Contel (01912) rose by 9.02%, to 0.145 Hong Kong dollars; HG Semi (06908) rose by 7.32%, to 0.88 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) rose by 3.72%, to 29.3 Hong Kong dollars.
According to the Securities Times APP, semiconductor stocks are leading the gains. As of the time of publication, Contel (01912) rose by 9.02%, to 0.145 Hong Kong dollars; HG Semi (06908) rose by 7.32%, to 0.88 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) rose by 3.72%, to 29.3 Hong Kong dollars; Shanghai Fudan (01385) rose by 1.74%, to 17.5 Hong Kong dollars; Hua Hong Semi (01347) rose by 1.72%, to 23.6 Hong Kong dollars.
On the news front, on November 7, the two major wafer foundries, Semiconductor Manufacturing International Corporation and Hua Hong Semi, released outstanding third-quarter results. Among them, Semiconductor Manufacturing International Corporation's third-quarter revenue surpassed the single-quarter $2 billion milestone for the first time, reaching a historical high; Hua Hong Semi's third-quarter profit was $44.82 million, a year-on-year increase of 222.6%, and a quarter-on-quarter increase of 571.6%. Both companies expect further revenue growth in the fourth quarter.
Guosen Securities pointed out that in the recent two-year downward cycle of semiconductors, the destocking and supply-side clearance have been relatively sufficient. Now, driven by the marginal demand for AI computing power and the innovation expectations of a new round of terminal AI, the industry is entering a sustainable upward cycle. Huafu Securities stated that the key link of the semiconductor industry chain, the localization of production, has entered a crucial and challenging phase, and domestic manufacturers' independent controllable processes are accelerating.
