Hong Kong Stock Concept Tracking | A new round of semiconductor upward cycle, domestication process expected to accelerate (with concept stocks)

According to Omdia data, global semiconductor market revenue reached $177.8 billion in the third quarter of 2024, a year-on-year increase of 26% and a quarter-on-quarter increase of 8.5%, driven by strong demand for artificial intelligence. Looking ahead for the full year, it is expected that the semiconductor market revenue for the whole year of 2024 will increase by 24%; According to Canalys data, mainland China's cloud infrastructure service spending reached $10.2 billion in the third quarter of 2024, an 11% year-on-year increase; According to Counterpoint data, it is expected that the shipment volume of foldable screen smartphones in China will reach 9.1 million units in 2024, a 2% year-on-year increase. Ping An Securities believes that consumer electronics are showing signs of recovery, the process of semiconductor localization is continuing, and the industry chain brought by AI computing power will continue to benefit. The semiconductor industry is currently in a recovery stage, and the recovery of consumer electronics will drive a new cycle of semiconductor growth. Guotai Junan points out that the Ministry of Commerce of China has included 28 U.S. entities in its list, and tensions between China and the United States in technology, military, and other fields are continuing to escalate. U.S. sanctions on China will accelerate the process of semiconductor localization and raise the importance of advanced processes. According to a research report from Guotai Junan, semiconductor localization is imperative and the importance of advanced processes is increasing. Currently, advanced processes are one of the bottleneck links for high-end chip production in China, with a gap still existing in 7nm and below process technology compared to international advanced levels. Semiconductor Manufacturing International Corporation, as the most advanced, largest, and most comprehensive professional wafer foundry company in mainland China, is leading in the layout of advanced process production lines and is expected to benefit deeply from independent and controllable technology. It is recommended. Hong Kong stocks related to domestic semiconductors: HUA HONG SEMI (01347), Semiconductor Manufacturing International Corporation (00981), SHANGHAI FUDAN (01385), Zhuzhou CRRC Times Electric (03898), etc.