【国信电子胡剑团队|0805周观点】半导体维持高景气，看好模拟及存储左侧布局良机

Core Viewpoint - The semiconductor industry remains in a high prosperity phase, with a positive outlook on opportunities in analog and memory sectors for left-side layout [3]. Market Performance - In the past week, the Shanghai Composite Index fell by 0.94%, while the electronics sector rose by 0.28%. Among sub-industries, components increased by 7.77%, while semiconductors decreased by 1.43%. During the same period, the Hang Seng Tech Index, Philadelphia Semiconductor Index, and Taiwan Information Technology Index dropped by 4.94%, 2.09%, and 0.09% respectively [3]. Industry Trends - The strong growth in North American computing power has driven sentiment in the related mapping chain, particularly benefiting the switch and server industry chains due to changes in network architecture driven by ASIC trends [3]. - TSMC has raised its annual revenue growth forecast from approximately 25% to 30%, citing sustained strong demand for AI and a moderate recovery in non-AI demand, which supports the continuation of high industry prosperity [3].