Mei Ri Jing Ji Xin Wen·2025-06-23 02:41Group 1 - Semiconductor equipment stocks are performing well, with notable increases in companies such as Zhongke Feicai (over 6%), Tuojing Technology (over 5%), and others [2] - Huatai Securities is optimistic about the semiconductor equipment market in the second half of the year, driven by the demand for advanced process logic and packaging due to generative AI [3][6] - In Q1 2025, global semiconductor capital expenditure reached $35.4 billion, a 16% year-on-year increase, with significant contributions from companies like TSMC and Micron [3] Group 2 - The forecast for capital expenditure by Chinese listed semiconductor manufacturing companies in 2025 is expected to decline by 7% to $14.1 billion, with an upward adjustment of 2% compared to previous estimates [6] - The overall semiconductor equipment market is projected to see a revenue increase, with a 24% year-on-year growth in Q1 2025, reaching $35 billion [7] - The market share of Chinese companies is increasing, while American companies are experiencing a decline due to export restrictions, indicating a shift in the competitive landscape [7][8]