电子行业周报：中芯国际预计四季度高端芯片需求依然有增长

Industry Investment Rating - The report does not explicitly provide an overall industry investment rating [1][2][3] Core Views - SMIC expects continued growth in demand for high-end chips in Q4, particularly for smartphone-related products like DDIC and CMOS, as domestic chip manufacturers have almost no inventory and face supply shortages [1][10] - TSMC's July revenue increased 44.7% YoY to NT$256.953 billion, with a 23.6$49.98 billion, up 18.3% YoY, while Japan's semiconductor equipment shipments grew 31.84% YoY [1][6][14] - The electronics industry is experiencing a weak recovery at the bottom, with opportunities in upstream equipment materials driven by domestic substitution logic and Android component manufacturers benefiting from inventory normalization [2][6] Market Performance - The Shanghai Composite Index fell 0.67% and the CSI 300 Index dropped 0.97% during the week of August 8-14, while the electronics sector outperformed with the Shenwan Electronics Index rising 0.38% [1][3] - The electronics sector ranked fourth among Shenwan's primary industries, with a PE ratio declining to around 42.97x [1][3] Company Dynamics - SMIC reported Q2 2024 revenue of $1.9013 billion, up 21.8$149.9 billion, up 18.3% YoY, with June sales hitting $50 billion, a 1.7% MoM increase [14]