Core Viewpoint - Semiconductor stocks are performing well despite market conditions, with notable increases in share prices for companies like Hua Hong Semiconductor and SMIC, indicating strong demand and operational capacity in the sector [1][2]. Company Performance - SMIC reported a capacity utilization rate of 95.8% in Q3, indicating high demand and a supply-constrained environment [1]. - The company is experiencing a temporary decline in mobile business share due to prioritizing urgent orders for various memory types, including NOR/NAND Flash and MCU, which has led to the postponement of some non-urgent mobile orders [1]. Industry Trends - The trend towards supply chain security and self-sufficiency is expected to continue, supporting the domestic semiconductor industry [2]. - The demand for artificial intelligence is projected to remain strong, driving the need for computing power, storage, and advanced packaging, which will benefit the semiconductor equipment and materials sectors [2].