TechInsights stated that last week, orders for storage and advanced packaging remained strong as expected. However, due to weak growth in consumer electronics demand, the performance of the consumer segment market was poor.

In TechInsights' data update for September, as consumer electronics continue to digest inventory, OEM IC inventory levels in Q2 2024 were higher than expected.

Impacted by soft demand in autos and industrial sectors, non-memory IC inventory also slightly exceeded expected levels.

However, due to high demand from AI data centers, storage IC inventory decreased by 4% in the second quarter, compared to the expected 2% decrease.

Market differentiation has intensified. Due to high average selling prices (ASP), demand for AI-related semiconductors will drive IC sales to surge by 30% in 2024.

Industry insiders believe that the global semiconductor demand has bottomed out and is rebounding, with the industry turning point already apparent. With the continuous push from policies domestically, the semiconductor industry is gradually entering an upward range.

Galaxy Securities pointed out that the semiconductor sector has experienced consecutive adjustments, with multiple signs indicating an upward cycle in the semiconductor industry, recommending focusing on semiconductor materials, equipment, and packaging and testing sectors.

Huafu Securities believes that domestic semiconductor equipment and component manufacturers, relying on their own product competitiveness and capabilities such as category expansion, are expected to continue to benefit from the expansion of the semiconductor market size and the deepening of domestic substitution processes. The growth speed and space may be very significant, recommending focusing on semiconductor equipment and components. Investors can use semiconductor ETFs for one-click layout.

With the steady recovery of the macro economy and continuous policy support, the semiconductor industry is experiencing a significant performance turnaround after going through a period of poor performance in the industry cycle.

The excellent performance in the first half of the year not only enhances investor confidence, but also with the end of the inventory replenishment cycle, the industry is demonstrating strong growth momentum, expected to achieve continuous performance improvement in the future.

Guosen Securities stated that global and China's semiconductor sales have both achieved year-on-year growth for 9 consecutive months, and have maintained a double-digit year-on-year growth rate since the beginning of this year. In July, global semiconductor sales reached a historical second high.

Semiconductors are still in a high prosperous phase, with related companies gradually transitioning from revenue improvement to profit improvement stage. Looking ahead, with the dual support of national policies and domestic upgrades, the semiconductor industry is expected to continue its good growth momentum, making semiconductor ETF investment opportunities worth paying attention to.

Chip and related industry chain-related companies:

Semiconductor Manufacturing International Corporation (00981), Hua Hong Semiconductor (01347), Times Electric (03898), ASMPT (00522), Shanghai Fudan (01385), etc.