Xuan Gu Bao·2025-11-18 03:00Market Performance - On November 18, semiconductor equipment stocks collectively surged, with Jingyi Equipment rising by 10%, and industry leaders like Northern Huachuang, Tuojing Technology, and Zhongwei Company increasing by approximately 7% [1] - Storage companies such as Dazhiwei and Dongxin shares experienced significant gains [1] Industry Developments - SMIC reported a high capacity utilization rate of 95.8% in Q3, indicating strong demand and a supply-demand imbalance in the market [3] - The company has taken on a large number of urgent orders for storage products, including NOR/NAND Flash and MCUs, leading to a temporary reduction in mobile business share [3] - Media reports indicate that Yangtze Memory Technologies is constructing a third factory in Wuhan, expected to be operational by 2027, while also increasing capacity at its second factory [3] Institutional Insights - Domestic advanced logic production line expansions are expected to accelerate by 2026, with SMIC indicating future capacity expansion [4] - SEMI forecasts that global spending on 300mm wafer fab equipment will reach $374 billion from 2026 to 2028, with China leading in this investment [4] - Domestic semiconductor equipment companies reported positive growth in Q3, with Northern Huachuang and Zhongwei Company showing significant profit increases [4]