Shanghai Securities: Mainland China firmly holds the position as the world's largest semiconductor equipment market, and Micro LED welcomes a new growth opportunity.

Shanghai Securities released a research report stating that the SEMI report shows that in the second quarter of 2025, the global semiconductor equipment shipment amount reached 33.07 billion US dollars, a year-on-year increase of 24%. Mainland China's sales reached 11.36 billion US dollars, a year-on-year decrease of 2%, and a month-on-month increase of 11%, ranking first in the world with approximately 34.4% market share in the semiconductor equipment market. The listing of benchmark products will gradually drive the market value of Micro LED chips, estimated to increase to 461 million US dollars by 2029. Micro LED is gradually commercializing in various fields, from televisions, smart watches to automotive displays, with each benchmark product symbolizing a technological breakthrough. The bank believes that the electronic semiconductor industry may be experiencing a comprehensive recovery by 2025, and the industry's competitive landscape is expected to accelerate consolidation and recovery, with industry profit cycles and related company profits expected to continue to recover. The bank maintains a "hold" rating on the electronics industry.