火爆行情“芯”动：走出业绩低谷，食品、房地产企业“跨界追芯”

Core Viewpoint - The A-share market is experiencing a surge in the semiconductor sector, driven by cross-industry investments and strong market demand, but there are significant risks associated with entering this high-tech field [4][5][10]. Group 1: Market Performance - From early September to October 22, the total market capitalization of domestic chip, memory chip, and AI chip sectors in A-shares increased by approximately 223.42 billion, 324.79 billion, and 23.42 billion respectively [7]. - Notable companies like Haiguang Information and SMIC saw their market capitalizations grow by about 109.87 billion and 97.98 billion respectively during the same period [8]. - The overall performance of chip stocks is influenced by domestic substitution policies, increasing market demand, and heightened investor interest in technology sectors [10]. Group 2: Cross-Industry Investments - Companies from various sectors, including food, pharmaceuticals, and real estate, are increasingly investing in the semiconductor industry through mergers, acquisitions, and establishing subsidiaries [11][15]. - Jinzi Ham's subsidiary plans to invest up to 300 million in a semiconductor company, reflecting a strategic shift to enhance its business amid declining performance in its core market [12][20]. - Wan Tong Development is transitioning from traditional real estate to digital technology, investing approximately 85.44 million to acquire a majority stake in a tech firm, which has led to significant stock price increases [16][17]. Group 3: Risks and Challenges - Industry experts warn that entering the semiconductor sector poses challenges such as high technical barriers, a shortage of skilled professionals, and substantial capital requirements [5][22]. - Companies like Jinzi Ham and Wan Tong Development are facing performance declines, with Jinzi Ham reporting a 14.73% drop in revenue and a 25.11% decrease in net profit in the first half of 2025 [20][21]. - The semiconductor industry, while offering long-term growth potential, also presents risks related to high investment costs, long return cycles, and significant differences in business models and management practices compared to traditional industries [22][23].