Group 1 - Semiconductor stocks continue to decline, with notable drops in companies such as SMIC (down 5.07% to HKD 70.15), Hua Hong Semiconductor (down 4.91% to HKD 77.45), and Shanghai Fudan (down 2.78% to HKD 40.64) [1] - On October 7, the U.S. House of Representatives "Special Committee" released an important report on semiconductor export controls related to China, proposing nine recommendations to expand export restrictions [1] - According to a report from CICC, the U.S. semiconductor export controls signify a shift in trade friction towards core upstream technologies and raw materials, accelerating domestic industry chain self-sufficiency and promoting domestic substitution [1] Group 2 - Huatai Securities reported insights from the SEMICON WEST semiconductor industry annual conference, indicating market concerns about a potential bubble in global AI, yet maintaining overall optimism supported by strong growth in token usage [1] - TSMC's progress in building factories in the U.S. is on track, although supporting facilities still need improvement, with expectations to maintain high gross margins due to technological advantages [1] - Advanced packaging is highlighted as a key technology that may sustain Moore's Law in the AI era, presenting investment opportunities for related foundry and equipment companies [1]