Intelligent Financial APP learned that on the press conference of the State Council Information Office on the 26th, Wang Hongzhi, Deputy Director of the State-owned Assets Supervision and Administration Commission of the State Council, said that next step, we will fully implement the spirit of the Third Plenary Session of the 18th Central Committee and the National Science and Technology Conference, take the "three highlands" as a starting point, concentrate the strength of advantageous resources, and promote central enterprises to play a major role in developing new productive forces as the main position and main force.

We will focus on building an "innovation highland" and strengthen the first driving force for developing new productive forces. Taking the national strategic needs, scientific and technological development trends and industrial upgrading needs as the main direction of attack, we will comprehensively implement the new national system, firmly invest in the fields with long R&D cycles, large R&D investment, and weak willingness of other ownership enterprises to participate, create an upgraded version of innovation alliances, promote the integration of industry, academia and research, and promote the innovation of the whole chain from basic research to commercialization.

In the second half of the year, facing the complicated external environment, we will focus on developing new high-quality productivity, promote the better high-quality development of central enterprises through "three increases", "three new investments", and "three boundaries" controls. "Three increases" mainly refer to taking the lead in increasing production and supply of coal, electricity, oil transportation and important basic products, ensuring "supply increase"; carrying out effective management, management enhancement and reform promotion to ensure "benefit increase"; taking the initiative to serve the national strategy and drive the joint development of upstream and downstream industrial chains, ensuring "investment increase". "Three new investments" mainly refer to increasing investment in scientific and technological innovation, accelerating the breakthrough of key areas' "neck-tying" technical bottlenecks; increasing investment in industry renewal, accelerating the layout of new tracks and new industries; increasing investment in equipment renewal, and promoting the transformation and upgrading of traditional industries.

"Three new investments" mainly refer to increasing investment in scientific and technological innovation, accelerating the breakthrough of key areas' "neck-tying" technical bottlenecks; increasing investment in industry renewal, accelerating the layout of new tracks and new industries; increasing investment in equipment renewal, and promoting the transformation and upgrading of traditional industries.

Citic Securities released a research report stating that the intensification of the US restrictions on China's semiconductor and artificial intelligence industries is gradually weakening, and there may already be expectations in China, so the expected impact on the semiconductor industry will gradually decrease.

It is recommended to continue to focus on the new product layout and order increment brought by the advanced production capacity of domestic equipment, parts and materials enterprises in the "neck-tying" field, and the bank expects that the order growth of domestic equipment companies will rapidly increase in the next 2-3 years. It is recommended to pay attention to the opportunities for domestic substitutes for advanced manufacturing, advanced packaging and AI chips in the semiconductor industry.

Companies related to the semiconductor industry chain:

Semiconductor Manufacturing International Corporation (00981), Hua Hong Semiconductor (01347), Shanghai Fudan (01385), Times Electric (03898)