Core Viewpoint - Semiconductor stocks experienced an afternoon rally, driven by positive developments in the domestic semiconductor industry and the upcoming Bay Area Semiconductor Industry Ecosystem Expo [1] Group 1: Stock Performance - Huahong Semiconductor (01347) rose by 4.69%, reaching HKD 80.35 [1] - Jingmen Semiconductor (02878) increased by 3.92%, trading at HKD 0.53 [1] - Shanghai Fudan (01385) saw a 3.54% rise, priced at HKD 41 [1] - SMIC (00981) gained 1.43%, with a share price of HKD 74.4 [1] Group 2: Industry Developments - The Bay Area Semiconductor Industry Ecosystem Expo is taking place from October 15 to 17 in Shenzhen [1] - New Kylin's subsidiary, Qiyunfang, launched two domestically developed EDA design software products with 30% performance improvement over industry benchmarks and a 40% reduction in hardware development cycle [1] - New Kylin did not showcase any new photolithography equipment at the expo, as they did not receive notifications for new product releases [1] Group 3: Market Outlook - Dongwu Securities suggests that overseas restrictions on semiconductors will benefit the market share of domestic semiconductor equipment [1] - The domestic wafer fabrication process's core equipment segments, such as photolithography, etching, and thin film deposition, are expected to see rapid increases in localization rates [1] - Continuous price increases in memory chips, active expansion of domestic advanced processes, and the development of domestic computing power are creating investment opportunities in the manufacturing sector [1]

Core Viewpoint - Semiconductor stocks experienced an afternoon rally, with notable increases in share prices for several companies, indicating positive market sentiment in the semiconductor sector [1]. Group 1: Stock Performance - Hua Hong Semiconductor (01347) rose by 4.69%, reaching HKD 80.35 [1] - Jingmen Semiconductor (02878) increased by 3.92%, trading at HKD 0.53 [1] - Shanghai Fudan (01385) saw a rise of 3.54%, priced at HKD 41 [1] - SMIC (00981) gained 1.43%, with shares at HKD 74.4 [1] Group 2: Industry Events - The 2025 Bay Area Semiconductor Industry Ecosystem Expo is taking place in Shenzhen from October 15 to 17 [1]. - New Kylin's subsidiary, Qiyunfang, launched two domestically developed EDA design software products with 30% improved performance over industry benchmarks and a 40% reduction in hardware development cycles [1]. - New Kylin did not showcase any new photolithography equipment at the expo, as they did not receive notifications for new product releases [1]. Group 3: Market Insights - Dongwu Securities suggests that overseas restrictions on semiconductors are beneficial for the market share of domestic semiconductor equipment [1]. - The domestic wafer fabrication process is expected to see a rapid increase in the localization rate of core process equipment such as photolithography, etching, and thin film deposition [1]. - Continuous price increases in memory chips, active expansion of domestic advanced processes, and the development of domestic computing power are creating investment opportunities in the manufacturing sector [1].

Market Performance - On October 15, A-shares showed mixed performance with the Shanghai Composite Index rising by 0.01% during the session, while sectors such as daily chemicals, retail, and engineering machinery performed well, and shipping and power generation equipment sectors faced declines [1] - The chip ETF (159995) decreased by 0.40% as of 10:56, with notable gainers including Huada Jiutian up by 7.58%, Haiguang Information up by 2.55%, and Tuojing Technology up by 2.22%, while Lanke Technology and Jing Sheng Machinery experienced declines of -4.78% and -4.10% respectively [1] Industry Developments - The 2025 Bay Chip Exhibition was held at the Shenzhen Convention Center on October 15, where Xinkailai introduced two domestically developed EDA design software products, filling a gap in high-end electronic design industrial software technology in China [3] - According to首创证券, the AI industry is thriving under the support of domestic substitution policies, continuous technological iteration, and diversified downstream demand, progressing from chips and cloud models to edge intelligence and embodied intelligence [3] - The chip ETF (159995) tracks the Guozheng Chip Index, which includes 30 leading companies in the A-share chip industry across materials, equipment, design, manufacturing, packaging, and testing, such as SMIC, Cambrian, Changdian Technology, and Northern Huachuang [3]