Technology · 10.1

Semiconductor Value Chain

Quantified news impact based on deduplicated, quality-reviewed events in a single 60-day window.

Average net impact+25weighted per event

Average gross impact30absolute weighted average

Events169same period

Confidence76%model average

Raw intensity63before weighting

Previous period0net impact

Gross changeInsufficient base

Diffusion speed2.8 / day

Concentration1%

Direction disagreement17%

Source independence97%28 sources

IMPACT TREND

60-day effective impact

Positive 131 · Negative 12 · Mixed 26

+270-27

5 Jun0 events

10 Jun0 events

15 Jun0 events

20 Jun0 events

25 Jun0 events

30 Jun0 events

5 Jul0 events

10 Jul0 events

+15

15 Jul1 event

20 Jul1 event

+24

25 Jul113 events

+27

30 Jul54 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate3%168 cumulative effective impact

Short term33%1685 cumulative effective impact

Medium term51%2596 cumulative effective impact

Long term13%667 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 2 of 17 · 167 events

Macro5

Macro27 Jul, 06:39positive

China clarifies individual income tax on offshore trusts; Samsung, SK Hynix sign US$950 billion chip deals

China's Ministry of Finance and the State Taxation Administration announced on July 24 that residents must report and pay individual income tax on assets transferred to offshore trusts and on income generated during the trust's term. Separately, South Korean presidential adviser Kim Yong-beom said on Saturday that Samsung Electronics and SK Hynix have secured long-term memory chip supply agreements with US tech firms including NVIDIA and Broadcom worth a combined US$950 billion. SK Hynix's US-bound supply amounts to US$750 billion, while Samsung signed a US$200 billion contract with Broadcom.

Effective: +59
Intensity: 90
Confidence: 85%
Horizon: Long term

Macro31 Jul, 12:01positive

NDRC to Accelerate AI Law Legislation, National AI Computing Power Surges 2.8-Fold

China's National Development and Reform Commission (NDRC) announced plans to accelerate the legislative process for an artificial intelligence law, aiming to establish a key institutional framework and provide a distinctive AI governance approach. As of the end of June 2026, the national AI computing power scale had reached 2.8 times that of the same period in 2025, with AI-related industries expanding by over 30%. The NDRC emphasized the need for risk monitoring and human-centered development. Additionally, estimates indicate that the computing network during the 15th Five-Year Plan period will attract RMB 4 trillion in direct investment.

Effective: +58
Intensity: 82
Confidence: 90%
Horizon: Medium term

Macro27 Jul, 09:36positive

Industrial Firms' Profits Rise 18.7% in H1, Driven by Electronics and Nonferrous Metals

In the first half of the year, profits of China's above-scale industrial enterprises totaled RMB 3,947.99 billion, up 18.7% year on year, accelerating by 3.2 percentage points from the first quarter. Operating revenue grew 6.5%, and the operating profit margin reached 5.7%, the highest cumulative level since the start of 2024. The electronics sector posted a 96.9% profit surge, contributing 8.5 percentage points to overall growth, while the nonferrous metals sector rose 99.4%, contributing 4.7 percentage points. Mining and manufacturing profits also expanded, but utilities declined. The data reflect the rapid growth of new drivers such as AI-related computing demand.

Effective: +57
Intensity: 92
Confidence: 95%
Horizon: Medium term

Macro27 Jul, 17:47positive

South Korea's Lee Jae-myung in First U.S. Visit, Chip and AI Firms Announce US$950 Billion Cooperation Plan

South Korean President Lee Jae-myung marked his first U. S. visit since taking office by attending a San Francisco AI summit alongside executives from Nvidia, OpenAI, Anthropic and Broadcom. During the visit on July 24, 2026, major Korean semiconductor companies and U. artificial intelligence firms announced a series of cooperation plans totaling approximately US$950 billion. Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won also participated.

Effective: +56
Intensity: 92
Confidence: 82%
Horizon: Long term

Macro27 Jul, 09:05positive

Wuxi Returns to Top 10, Suzhou AI Exports Top RMB 600 Billion as Korean Firms Boost Investment

In the first half of 2026, major Chinese trade hubs reported strong export growth, led by AI and semiconductor products. Wuxi's total foreign trade reached RMB 499.1 billion, up 28.5%, lifting it back into the national top 10 after eight years. Suzhou's trade approached RMB 2 trillion, with AI-related exports exceeding RMB 600 billion, up 2.1 times. Xi'an saw integrated circuit trade of RMB 267.8 billion, while Zhongshan's exports of integrated circuits surged 454.1%. Korean companies SK Hynix and Samsung increased investment in chip plants in Wuxi and Xi'an respectively.

Effective: +54
Intensity: 90
Confidence: 90%
Horizon: Medium term

Industries0

No evidence on this page.

Companies5

Companies29 Jul, 05:07positive

ChangXin Memory Technologies aims to raise about RMB66.6 billion in Shanghai IPO; Q1 revenue jumps over 700%

ChangXin Memory Technologies, China’s top DRAM maker, plans to list on the Shanghai Stock Exchange and raise up to approximately RMB66.6 billion, in what would be Asia’s largest IPO of 2026 and one of China’s biggest on record. Strong investor appetite pushed the offer price to about double the earlier guidance. The company reported first-quarter 2026 revenue of RMB50.8 billion, a year-on-year surge of more than 700%, while its global memory-chip market share reached 8%, up from 3% a year earlier. It swung to a profit of over $1 billion in 2025 from a near $3 billion loss in 2023, though it still trails leaders in advanced technology and faces export curbs.

Effective: +58
Intensity: 85
Confidence: 85%
Horizon: Short term

Companies3 Aug, 18:25positive

AMEC 2026 H1 Core Gross Profit Up RMB682 Million, R&D Spending Up 36.89%

AMEC reported that its H1 2026 core business gross profit rose by RMB682 million year-on-year, while investment gains contributed RMB1.982 billion, up from RMB168 million in 2025. R&D spending reached RMB2.042 billion, up 36.89% to account for 30.52% of revenue. The company targets covering 60% of high-end semiconductor equipment within five years.

Effective: +57
Intensity: 80
Confidence: 85%
Horizon: Medium term

Companies30 Jul, 23:29positive

TSMC Plans $49 Billion Investment in Four Fabs for 1.4nm Chips by Mid-2028, First Full AI Integration

TSMC is investing $49 billion to build four fabs for its 1.4-nanometer (A14) chip process, targeting mass production by mid-2028. For the first time, the company will fully integrate artificial intelligence (AI) systems to manage construction risks, optimize thermal management, and improve operational efficiency. The AI monitors heavy equipment, cleanroom assembly, and safety, while also controlling EUV lithography cooling to prevent wafer deformation. Market rumors suggest each 1.4nm wafer could cost $45,000.

Effective: +57
Intensity: 85
Confidence: 90%
Horizon: Medium term

Companies27 Jul, 13:36positive

Changxin Technology debuts at RMB3 trillion market cap; Hefei state capital holding valued at RMB1.1 trillion

Changxin Technology listed on July 27, reaching a market capitalization exceeding RMB3 trillion, making it the largest A-share IPO this year and the second-largest on the STAR Market by value. The stock debuted just 148 days after its application was accepted. In the first quarter, the company—now the world’s fourth-largest DRAM manufacturer—reported revenue of RMB50.8 billion and net profit of more than RMB33 billion. Hefei’s state capital system collectively holds a 36.79% stake, valued at approximately RMB1.1 trillion based on the listing, representing an unrealized gain of over RMB1 trillion. The company’s rise has boosted Hefei’s integrated circuit industry, which saw output grow from under RMB18 billion in 2016 to RMB151.4 billion in 2025.

Effective: +57
Intensity: 85
Confidence: 90%
Horizon: Medium term

Companies28 Jul, 16:29positive

Changxin Technology STAR Debut: Market Cap Tops RMB3.2 Trillion, Founder Commits 768 Million Shares to

Changxin Technology debuted on the STAR Market on July 27, 2026, with its market capitalisation closing above RMB3.2 trillion, surpassing Intel. Founder Zhu Yiming committed 768 million shares—half of his 1.536 billion shares—to a ten-year employee incentive plan valued at about RMB36.75 billion, with no new share issuance. Shares begin vesting after a 36-month lock-up, with full distribution over ten years. Zhu also agreed not to sell his remaining shares for a decade. Major shareholders include Hefei state-owned entities (36.79%), Alibaba affiliates (4.97%), and Tencent (1.50%), alongside Nio, BYD, and national funds. The company employs nearly 20,000 people, with 6,259 in R&D.

Effective: +54
Intensity: 85
Confidence: 80%
Horizon: Medium term