Rating agency Fitch states that as consumer demand gradually recovers, the Technology industry in the Asia-Pacific region will maintain stable revenue growth and operating profit margins next year, but warns that potential increases in tariffs in the USA next year may be higher than expected, which will significantly suppress consumer demand.

Fitch believes that although there is still uncertainty regarding the pace of economic recovery in China, it is currently expected that China's internet leading companies will continue to generate robust operational cash flow, while share buybacks will slow down the pace of deleveraging. It is expected that semiconductor companies in the Asia-Pacific region will perform differently, with those focused on artificial intelligence chips recording strong growth, while some companies with less AI business revenue and greater exposure to China may face challenges.