Semiconductor concept stocks drop 3.16% intraday, institutions say industry is in an AI-driven super upcycle

Industry
โดย 21世纪经济·Read original
Summary · why it matters

On July 23, semiconductor concept stocks fell 3.16% intraday. Among related constituents, Hua Hong Semiconductor dropped 13.57%, YanDong Microelectronics fell 8.25%, Forehope Electronic declined 8.20%, Rockchip Electronics slid 7.86%, and Union Semiconductor lost 7.46%. A research report from Central China Securities noted that global semiconductor sales surged 104% year-on-year in 2026, with WSTS forecasting the full-year market size to reach 1.511 trillion US dollars, up 89.9% year-on-year. The explosion in AI demand is the core driver, with North American cloud providers' capital expenditure jumping 81% year-on-year and global memory manufacturers accelerating capacity expansion. The industry is in an AI-driven super upcycle. A research report from Sinolink Securities pointed out that China's semiconductor sales growth rate jumped to nearly 60% year-on-year in the first quarter of 2026, and downstream wafer fabs have a strong willingness to expand capital expenditure, opening significant incremental space for upstream equipment. With the dual drivers of AI capacity expansion and domestic substitution, the semiconductor equipment industry chain is experiencing a substantial cyclical upturn.

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