Market Performance - The main board led the gains with notable increases in stocks such as COSCO SHIPPING Technology (+10.01%), Zhen Shitong (+10.00%), and Xingsen Technology (+7.30%) [1] - The ChiNext board saw significant rises with stocks like SuperMap Software (+7.27%) and Guangku Technology (+7.05%) [1] - The Sci-Tech Innovation board was led by Qingyun Technology-U (+15.09%) and Tonglian Precision (+12.54%) [1] - Active sub-industries included SW Semiconductor Equipment (+3.74%) and SW Gaming III (+1.00%) [1] Domestic News - Micro LED high-end display manufacturing project by Micro LED Technology signed in Suzhou, aiming to enhance R&D and industrialization levels [1] - Phancy AI smart glasses by Fourth Paradigm available for pre-sale, featuring a lightweight design and long battery life [1] - Powerchip Semiconductor Manufacturing Corporation reported a net loss of 3.33 billion NTD in Q2 2025, focusing on high-value products for operational optimization [1] - Key domestic display panel manufacturer received the first G11 ultra-large size display panel laser graphic equipment developed by Keyuan Laser [1] Company Announcements - Zhongke Software announced a reduction in shareholding from 22.69% to 21.87% by a major shareholder [2] - Nantech Information signed a framework contract for digital construction services worth 58.27 million CNY [2] - GoerTek is planning to acquire 100% equity of Mia Precision Technology and Changhong Industrial for approximately 10.4 billion HKD [2] - Kela Software reported a reduction in shareholding from 8.01% to 7.36% due to a court ruling [2] Overseas News - SEMI report indicates strong growth in the global semiconductor manufacturing equipment market, expected to reach 125.5 billion USD by 2025, a 7.4% year-on-year increase [3] - NVIDIA has notified Chinese customers about limited inventory of H20 HGX AI GPUs, with no plans to resume production [3] - Mitsubishi Motors announced the termination of its joint venture with Shenyang Aerospace Mitsubishi Motors Engine Manufacturing, exiting the Chinese automotive production business [3] - Texas Instruments reported Q2 revenue of 4.45 billion USD, a 16% year-on-year increase, with significant growth in analog and embedded processing segments [3]

Core Viewpoint - The company Lichee Semiconductor reported a significant increase in net losses for Q2 2025, primarily due to the appreciation of the New Taiwan Dollar and foreign exchange losses, with a net loss of NT$33.3 billion and a loss per share of NT$0.8, compared to NT$0.26 in Q1 [1] Group 1 - In Q2, the company shipped approximately 400,000 wafers, a 9% increase from Q1, but the average selling price (ASP) declined by 2% to 3% due to a 5% appreciation of the New Taiwan Dollar, resulting in a revenue growth of only 1.5% in NT dollar terms [1] - The foreign exchange factors significantly impacted profitability, with a foreign exchange loss of NT$15.9 billion in Q2, leading to a net loss increase from NT$11 billion in Q1 to NT$33.3 billion in Q2 [1] Group 2 - The company plans to focus on five operational priorities, including a low visibility outlook for Q3 in the Greater China region, with weak demand for driver ICs and image sensors, while demand for power management ICs (PMICs) related to AI applications remains strong in Europe and the US [1] - Demand for DRAM foundry services has rebounded, driven by major manufacturers exiting the 8G DDR4 market, prompting customers to stock up, with wafer demand fully loaded and ASPs increasing monthly since last month [2] - The SLC Flash product line is seeing a recovery in demand as end customers reduce inventory, with 24nm SLC Flash now in mass production, and the company expects future shipping momentum as major manufacturers gradually exit the SLC market [2] Group 3 - The company is accelerating its 3D AI Foundry and Interposer layout, with small-scale shipments of Interposer starting in Q2, primarily focusing on CoWoS-S, and plans to expand capacity for Interposer production, which is expected to contribute to gross margins over the next two years [2] - The company is also progressing with DRAM four-layer WoW stacking in conjunction with advanced logic process chips, and is developing eight-layer WoW stacking technology with customers, which, along with Interposer, is expected to become a major profit source for the 3D AI Foundry [2] - The development of an 8-inch GaN application for AI servers on a 100V technology platform is nearing completion, with the first batch of customer samples being sent, and trial production expected to start in Q4 this year, following increased inquiries from US and Japanese customers regarding GaN foundry services [2]