The semiconductor sector generally rose. As of press release, SMIC (00981) rose 3.7% to HK$22.4; XinZhi Holdings (02166) rose 3.36% to HK$1.54; and Huahong Semiconductor (01347) rose 2.97% to HK$18.74.
The Zhitong Finance app learned that the semiconductor sector is generally rising. As of press release, SMIC (00981) is up 3.7% to HK$22.4; Silicon Intelligence Holdings (02166) is up 3.36% to HK$1.54; Huahong Semiconductor (01347) is up 2.97% to HK$18.74; and Shanghai Fudan (01385) is up 1.85% to HK$17.66.
According to the news, recently, IDC's latest forecast raised its outlook on the semiconductor market, believing that the semiconductor market has bottomed out and will resume growth at an accelerated pace next year. In its new forecast, IDC raised its revenue forecast for 2023 from US$518.8 billion to US$526.5 billion, and raised its revenue forecast for 2024 from US$625.9 billion to US$632.8 billion, an increase of 20.2%.
Guoxin Securities previously pointed out that judging from the industry's quarterly data and the 3Q23 performance of A-share semiconductor companies, the bottom of the semiconductor industry cycle has passed. Among them, global and Chinese semiconductor sales have both increased month-on-month for two consecutive quarters and the year-on-year decline has narrowed. The overall revenue of 3Q23 A-share semiconductor companies achieved year-on-year and month-on-month growth, and gross margin declined slightly month-on-month. From a cyclical perspective, semiconductors have passed the bottom of the current cycle and will gradually recover; from the growth dimension, semiconductors, as the foundation of “electronics +,” have long-term growth potential.