Technology · 10.1

Semiconductor Value Chain

Quantified news impact based on deduplicated, quality-reviewed events in a single 7-day window.

Average net impact+12weighted per event

Average gross impact15absolute weighted average

Events111same period

Confidence76%model average

Raw intensity63before weighting

Previous period+29net impact

Gross change-54%

Diffusion speed15.9 / day

Concentration2%

Direction disagreement18%

Source independence97%26 sources

IMPACT TREND

7-day effective impact

Positive 85 · Negative 9 · Mixed 17

+350-35

28 Jul, 0122 events

28 Jul, 1515 events

29 Jul, 0514 events

29 Jul, 1912 events

+11

30 Jul, 099 events

+17

30 Jul, 2312 events

+19

31 Jul, 1310 events

1 Aug, 032 events

1 Aug, 170 events

+20

2 Aug, 071 event

+17

2 Aug, 217 events

+30

3 Aug, 117 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate3%55 cumulative effective impact

Short term36%582 cumulative effective impact

Medium term53%867 cumulative effective impact

Long term8%128 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 2 of 11 · 109 events

Macro3

Macro31 Jul, 10:32positive

15th Five-Year Plan Computing Power Network to See 4 Trillion Yuan in New Direct Investment, Huge Potential

NDRC spokesperson Jiang Yi said on July 31 that institutions estimate the 15th Five-Year Plan period will bring RMB 4 trillion in new direct investment for computing power network construction. As corporate investment dominates, this creates significant opportunities for private capital. The NDRC will enhance planning and factor guarantees to foster a favorable environment for private investment.

Effective: +28
Intensity: 85
Confidence: 80%
Horizon: Long term

Macro30 Jul, 07:34positive

China's Goods Trade Exceeds RMB 25 Trillion in First Half of 2026, New Three Exports Top RMB 800 Billion

China's goods trade reached RMB 25.47 trillion in the first half of 2026, up 16.9% year-on-year, the first time exceeding RMB 25 trillion for the period. Imports hit RMB 10.74 trillion, up 22.1%. Exports of the 'new three' products — electric vehicles, lithium batteries, and solar cells — totaled RMB 819.64 billion, up 46.1%. Private enterprises accounted for 57% of trade value. The data underscores China's continued dominance in global goods trade.

Effective: +27
Intensity: 85
Confidence: 95%
Horizon: Short term

Macro31 Jul, 08:00positive

Beijing's H1 2026 GDP Reaches 2.64 Trillion RMB, Up 5.4%, with Strategic Emerging and High-Tech Manufacturing

In the first half of 2026, Beijing's gross domestic product totaled 2,641.19 billion RMB, a real increase of 5.4% year-on-year, moderating from 5.9% in the first quarter. Strategic emerging industries and high-tech manufacturing drove industrial output, growing 12.8% and 15.7%, respectively. Service robot output surged 2.3 times, while industrial robot and new energy vehicle production rose 75.5% and 18.5%. General public budget revenue climbed 6%, with tax revenue accounting for 89.3%, maintaining the best level nationally. Retail sales fell 2.2%, but service consumption grew 4.5%.

Effective: +26
Intensity: 80
Confidence: 80%
Horizon: Short term

Industries4

Industries31 Jul, 14:51positive

China's Electronic Information Manufacturing Value-Added Up 14.8% in First Half of 2026, IC Output Rises 23.1%

In the first half of 2026, China's above-designated-size electronic information manufacturing sector saw value-added output rise 14.8% year on year, outpacing overall industry and high-tech manufacturing by 9.4 and 1.5 percentage points, respectively. June alone recorded a 15.7% increase. Among key products, integrated circuit output grew 23.1% to 279.8 billion units, industrial robot output rose 28.0% to 538,000 sets, and new energy vehicle output increased 6.0% to 7.4 million units.

Effective: +27
Intensity: 82
Confidence: 90%
Horizon: Medium term

Industries3 Aug, 10:03positive

ChinaJoy 2026 Opens in Shanghai, Qualcomm Showcases 300+ Devices, Game Users Reach 684 Million

ChinaJoy 2026 opened in Shanghai on July 31, featuring Qualcomm's Snapdragon pavilion with over 300 devices and 200 interactive projects. Despite the absence of major PC hardware makers, the event drew strong participation. According to the 2026 China Game Industry Report, domestic game users reached 684 million, up 0.82% year-on-year, and H1 industry revenue hit RMB188.45 billion, up 12.17%. PC game revenue grew 27.92%, outpacing mobile gaming's 7.9%.

Effective: +27
Intensity: 60
Confidence: 70%
Horizon: Medium term

Industries3 Aug, 19:37positive

Glass-Based Advanced Packaging Draws Display Makers; TCL CSOT Targets 2026 Sample Showcase

Glass-based advanced packaging is becoming a new battleground for semiconductor display makers as AI chips outpace traditional organic substrates. TCL CSOT CEO Zhao Jun said at Shanghai ChinaJoy that the company has formed a team to verify key glass-based packaging processes, aiming to show samples and build a pilot line development platform in the second half of 2026. BOE invested RMB 993 million in 2024 in a glass-based packaging carrier test line, and Tianma has built the MPG multi-project glass substrate technology platform. Large-scale commercialization remains uncertain.

Effective: +26
Intensity: 60
Confidence: 70%
Horizon: Medium term

Industries29 Jul, 18:30negative

Kumamoto intensity-7 earthquake halts Kyushu semiconductor output; manufacturers race to restore

On July 29, 2026, a maximum intensity-7 earthquake struck Kumamoto Prefecture, directly affecting Kyushu’s dense cluster of semiconductor plants. Multiple producers suspended operations, assessing equipment damage while accelerating restoration work. Kyushu, known as Silicon Island, hosts around 1,000 chip-related firms; its 2025 IC production of ¥1.0931 trillion accounted for 36% of Japan’s total, up nearly 50% over five years. Output spans advanced logic to power devices for phones, cameras and cars. The region’s growth was boosted by global semiconductor demand and TSMC’s 2021 decision to build a fab in Kumamoto.

Effective: -26
Intensity: 88
Confidence: 90%
Horizon: Short term

Companies3

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: +28
Intensity: 85
Confidence: 90%
Horizon: Medium term

Companies31 Jul, 18:31positive

Dinglong Starts Qianjiang Phase II High-End Photoresist Line, Total Capacity 330 Tons

Dinglong Co. has started production at its Qianjiang Phase II KrF/ArF high-end photoresist line, raising total annual capacity to 330 tons. The line achieves independent production of core raw materials. The company has developed over 40 high-end wafer photoresists, with nearly 30 under customer verification and eight ArF and KrF products receiving batch orders from multiple mainstream wafer fabs. Progress was also reported in CMP materials, advanced packaging, and display materials.

Effective: +25
Intensity: 75
Confidence: 88%
Horizon: Medium term

Companies29 Jul, 19:24positive

Etched raises $300m Series C at $10.3 billion valuation as Sohu chip boasts 20x H100 inference speed

AI inference chip startup Etched has closed a $300 million Series C round led by Sequoia Capital, lifting its valuation to $10.3 billion. The company recently taped out its first A0 chip and has secured more than $1 billion in customer orders. Its Sohu ASIC, purpose-built for transformer inference, has demonstrated up to 20 times the throughput of an equivalent Nvidia H100 server. The round included a16z, Jane Street, Diffusion and SK Hynix, and follows a $500 million Series B in late 2025 and a $120 million Series A in 2024.

Effective: +24
Intensity: 82
Confidence: 90%
Horizon: Short term