Core Insights - The total investment in China's semiconductor industry for the first half of 2025 is projected to be 455 billion yuan, reflecting a year-on-year decline of 9.8% [1] - This decline indicates that the global semiconductor industry is undergoing a cyclical adjustment phase, although the year-on-year decrease has shown a significant improvement compared to a 41.6% drop last year [1] - Notably, investment in semiconductor equipment has increased by 53.4%, marking it as the only sector to achieve positive growth, highlighting China's strategic commitment to supply chain autonomy [1]