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 3 of 17 · 167 events

Macro4

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: +53
Intensity: 85
Confidence: 80%
Horizon: Long term

Macro27 Jul, 10:52positive

Guangzhou H1 2025 GDP Up 5.8%, IC Manufacturing Jumps 73.9%, NEV Output Rises 53.2%

In the first half of 2025, Guangzhou's gross domestic product grew 5.8% year-on-year to RMB 1,604.5 billion, the highest half-year growth rate since 2022. The primary sector added value of RMB 10.8 billion, up 3.2%; the secondary sector rose 5.6%; and the tertiary sector grew 5.9%. Among first-tier cities, Guangzhou tied with Shenzhen for the fastest growth. Industrial production improved significantly, with integrated circuit manufacturing value added surging 73.9% and new energy vehicle output increasing 53.2%. Fixed-asset investment rose 6.1%, and high-tech manufacturing investment grew 29.5%.

Effective: +51
Intensity: 88
Confidence: 85%
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: +50
Intensity: 80
Confidence: 80%
Horizon: Short term

Macro29 Jul, 06:52positive

New Infrastructure Hits RMB2.98 Trillion in H1 2026; Intelligent Computing Up 177%, 5G Stations Top 5.05

China’s new infrastructure drive maintained steady momentum in the first half of 2026, with the core industry scale reaching RMB2.98 trillion. Intelligent computing power surged 177% to 2,185 EFLOPS, while 5G base stations topped 5.05 million and the 5G-A network covered 330 cities. Technology-oriented loans rose sharply, and credit tilted toward the sector. Listed new infrastructure companies’ combined net profit jumped over 59%, with computing and data infrastructure profits more than doubling. The government advanced low-orbit satellite constellation deployment, drone airspace mapping, and granted 6 GHz spectrum for 6G trials.

Effective: +49
Intensity: 78
Confidence: 82%
Horizon: Medium term

Industries1

Industries31 Jul, 15:41positive

US tech giants ramp up AI infrastructure spending in July, annual capex plans near $800 billion

In July, major US tech companies rolled out full-year capital expenditure plans totaling close to $800 billion, directing funds toward AI servers, data centers, proprietary chips and memory capacity. The Philadelphia Semiconductor Index initially dropped 11% in one week, with nearly 70% of semiconductor names down over 20% from their highs, before a late-month earnings-driven rebound lifted the index 8.19% in a single session. Alphabet raised its annual capex to $195–205 billion, Microsoft kept its $190 billion plan and Meta lifted its range to $130–145 billion. Intel raised its full-year spending to $20 billion and Tesla reaffirmed more than $25 billion in capex. Memory chip makers and other semiconductor firms secured large cloud orders, driving sharp rallies; SanDisk surged nearly 26% in one day.

Effective: +53
Intensity: 80
Confidence: 80%
Horizon: Short term

Companies5

Companies27 Jul, 08:01positive

Presidential Office: Samsung, Broadcom Sign Five-Year 2000 Hundred Million Dollar AI Chip Foundry Deal

South Korea's presidential office announced that Samsung Electronics and Broadcom signed an MOU for a foundry partnership to supply advanced memory semiconductors worth 2000 hundred million US dollars over five years, including AI chip production. SK Group also secured a long-term supply deal for advanced memory semiconductors valued at 7500 hundred million US dollars with global tech giants including NVIDIA, with data center cooperation also to begin. The official stressed these are binding long-term procurement contracts, not letters of intent, with NVIDIA and Broadcom having placed firm orders to ensure stable production.

Effective: +53
Intensity: 85
Confidence: 85%
Horizon: Long term

Companies27 Jul, 11:19positive

Changxin Technology Raises 57.9 Billion RMB; 2025 DDR Sales Up 282%, Cost Down 26%

Changxin Technology, China's sole large-scale DRAM manufacturer, listed on July 27, 2026, raising 57.919 billion RMB. In Q1 2026, revenue reached 50.8 billion RMB with an operating margin near 70%. The company's 2025 DDR sales surged 282% while unit costs fell 26.26%. Revenue grew from 9.087 billion RMB in 2023 to 61.799 billion in 2025, turning profitable.

Effective: +53
Intensity: 85
Confidence: 90%
Horizon: Short term

Companies27 Jul, 20:45positive

TSMC 2nm Process Reaches 20,000 Monthly Wafers, Set for 3% Revenue in Q3 2026

TSMC's 2nm process has entered full-speed production, with its Fab 20 facility achieving a monthly output of over 20,000 wafers. Tape-out volumes for 2nm are four times that of the 3nm process at the same stage. In the third quarter of 2026, the 2nm node is expected to contribute approximately 3% of TSMC's revenue, primarily from design verification and tape-out fees. Key clients include Google's Pixel 11 with Tensor G6, Apple's iPhone 18 with A20 Pro, AMD's MI455X for Agentic AI, and Nvidia's upcoming Rubin platform. Meanwhile, 3nm remains TSMC's main capacity at 175,000 wafers per month.

Effective: +52
Intensity: 80
Confidence: 90%
Horizon: Medium term

Companies27 Jul, 19:09positive

Nvidia Launches 102.4T Spectrum-6 Switch Designed for Vera Rubin Platform

Nvidia has introduced the Spectrum-6 Ethernet switch, offering 102.4 terabits per second of bandwidth for gigawatt-scale AI factories. Designed for the Vera Rubin platform, the switch forms the core of the new Spectrum-X Ethernet platform. Early adopters include CoreWeave, Microsoft, Nebius, SpaceX AI and Tesla. Compared with traditional Ethernet, Spectrum-X delivers 1.6 times the AI network performance, maintains up to 95% efficiency at over 100,000 GPUs, and reduces the number of switches required by 40%. Silicon photonics boosts energy efficiency fivefold and mean time between failures tenfold.

Effective: +52
Intensity: 80
Confidence: 90%
Horizon: Short term

Companies28 Jul, 08:34positive

Nvidia and SK Group Forge Partnership with Over US$500 Billion in Business Deals

U. S. -based Nvidia and South Korean conglomerate SK Group have entered into a cooperation agreement, with the combined value of their business dealings exceeding US$500 billion, Nvidia announced on Friday. The disclosure underscores the vast commercial ties between the chip giant and the Korean group, though neither party elaborated on the specific areas of collaboration or how the figure was derived. Nvidia did not immediately respond to requests for additional comment.

Effective: +51
Intensity: 85
Confidence: 80%
Horizon: Short term