Technology · 10.1

Semiconductor Value Chain

Quantified news impact based on deduplicated, quality-reviewed events in a single 20-day window.

Average net impact+24weighted per event

Average gross impact29absolute weighted average

Events151same period

Confidence77%model average

Raw intensity64before weighting

Previous period0net impact

Gross changeInsufficient base

Diffusion speed7.6 / day

Concentration1%

Direction disagreement18%

Source independence97%28 sources

IMPACT TREND

20-day effective impact

Positive 118 · Negative 11 · Mixed 22

+320-32

11 Jul0 events

13 Jul0 events

15 Jul1 event

16 Jul0 events

18 Jul0 events

20 Jul1 event

21 Jul0 events

23 Jul0 events

+21

25 Jul4 events

+24

26 Jul71 events

+17

28 Jul40 events

+32

30 Jul34 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate4%163 cumulative effective impact

Short term35%1527 cumulative effective impact

Medium term48%2063 cumulative effective impact

Long term14%588 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 8 of 15 · 148 events

Macro1

Macro29 Jul, 18:34positive

Shanghai Guotou Xian Dao Fund: 900 Billion Yuan Mother Funds Invest 565 Billion Yuan

At the 2026 Science and Technology Innovation Industry Integration Development Conference, Wen Zhi, General Manager of Shanghai Guotou Xian Dao Fund, stated that the three major leading industry mother funds total RMB 900 billion, with cumulative investment decisions of RMB 565 billion and disbursements of RMB 340 billion, leveraging over RMB 2.5 trillion in social capital. Direct investments exceed 70% into early-stage and small enterprises, while 55 sub-funds allocate over 80% to such projects. Wen Zhi outlined four practices addressing the challenges of early-stage investing, supported by policies from 2025 and 2026.

Effective: +29
Intensity: 60
Confidence: 80%
Horizon: Long term

Industries1

Industries27 Jul, 19:32positive

Pegatron, TCL Zhonghuan Invest Over 22 Billion Yuan in Shenzhen Semiconductor Projects

Shenzhen has added two multi-billion-yuan semiconductor projects with a combined planned investment of over 20 billion yuan. Pegatron (Shenzhen) Co. , Ltd. , a subsidiary of Zhen Ding Technology Group, held a groundbreaking ceremony on July 24 for its third industrial park in Bao'an, with a total investment of over 10 billion yuan. The project will build an AI advanced substrate-like PCB and flexible circuit board smart manufacturing base.

Effective: +30
Intensity: 70
Confidence: 80%
Horizon: Medium term

Companies8

Companies30 Jul, 17:14positive

Demingli Says Operations Strong, Net Profit Up 196%-266% Year-on-Year

Demingli stated on an interactive platform that its overall operations are healthy, with year-on-year net profit growth of 196% to 266%. The company attributed second-quarter net profit performance to factors such as higher expenses, increased R&D investment, capacity construction provisions, and share-based payment costs. It is actively increasing strategic reserves, maintaining ample inventory, and boosting customer acquisition spending. New businesses including enterprise-grade storage, embedded storage, and memory modules remain in an accelerated expansion phase, with contributions from these investments beginning in the second quarter and sustaining high growth.

Effective: +31
Intensity: 70
Confidence: 80%
Horizon: Immediate

Companies31 Jul, 02:53positive

Meta's $700 Billion AI and Cloud Commitments: $349.3 Billion in Irrevocable Contracts, $347 Billion in Future

Meta has committed nearly $700 billion in future spending on artificial intelligence data centers, cloud computing, and related infrastructure. The company disclosed $349.3 billion in irrevocable contract commitments, primarily for third-party cloud services, servers, and network equipment. Additionally, it holds $347 billion in future lease commitments not yet on the balance sheet, with $68 billion added in July alone. Payments for these leases will begin in 2027 and 2028, covering data centers, colocation facilities, and some network infrastructure beyond existing active leases.

Effective: +30
Intensity: 60
Confidence: 70%
Horizon: Medium term

Companies27 Jul, 08:46positive

Jensen Huang Joins Meta and Others in Open Letter Supporting Open-Source AI, Opposing Washington Restrictions

Nvidia CEO Jensen Huang posted his first tweet on X on July 24, publicly supporting open-source AI. He co-signed an open letter with over 20 companies including Meta, a16z, Y Combinator, Hugging Face, Mistral AI, and Perplexity, opposing Washington's restrictive policies on open-source AI. The move comes as Chinese firms DeepSeek and Kimi K3 demonstrate that open-source models can match top closed-source models in efficiency. OpenAI, Anthropic, and Google did not join. The action signals a shift from technology-driven to rules-and-ecosystem competition, with Nvidia seeking to maintain its compute supplier position through an alliance moat.

Effective: +29
Intensity: 70
Confidence: 80%
Horizon: Short term

Companies29 Jul, 15:09positive

Jiejia Weichuang Subsidiary's Photomask Cleaning Equipment Verified and Delivered, Over 80% Domestic Key

Jiejia Weichuang's subsidiary Chuangwei Microelectronics (Changzhou) Co. , Ltd. has completed verification of its self-developed photomask cleaning equipment at multiple end-user fabs and achieved mass production and delivery. The equipment meets advanced process requirements in particle control, water mark prevention, and surface cleanliness. It covers quartz photomasks from 5 to 9 inches with fully automatic front and back cleaning, optional AOI particle detection, and SMIF loading. Key components have a domestic content rate exceeding 80%, and the software is fully self-developed.

Effective: +29
Intensity: 70
Confidence: 80%
Horizon: Short term

Companies28 Jul, 11:17positive

Xinhe Semiconductor and Lenovo Launch EDA Agent, Boosting PCB Library Building by 50% and Simulation by 80%

Xinhe Semiconductor and Lenovo Group released an EDA Agent at the 2026 Design Automation Conference (DAC) that achieves a full AI closed-loop for PCB design. The tool has been implemented in Lenovo's AI PC motherboard, boosting automated library building efficiency by 50% and SERDES simulation optimization efficiency by over 80%.

Effective: +28
Intensity: 60
Confidence: 85%
Horizon: Medium term

Companies26 Jul, 10:19negative

Nvidia Valuation Falls to Five-Year Low

Nvidia's valuation has dropped to its lowest level in five years, as market expectations point to near-zero growth for the company after 2027. The decline reflects a dramatic shift in investor sentiment, with the market now pricing in a severe slowdown in the chipmaker's long-term prospects. The valuation level is the weakest in nearly half a decade, underscoring concerns about future demand and competitive dynamics.

Effective: -27
Intensity: 68
Confidence: 82%
Horizon: Medium term

Companies28 Jul, 22:24positive

Cambricon Launches 2026 Restricted Stock Incentive Plan with High Growth Targets

Cambricon announced a 2026 restricted stock incentive plan, granting 5 million shares (0.80% of total shares) at RMB 750 each. The initial grant of 4 million shares covers 945 employees (85.37% of staff). Performance targets require 2026 revenue of at least RMB 13.5 billion, cumulative 2026-2027 revenue of at least RMB 40.5 billion, and cumulative 2026-2028 revenue of at least RMB 100 billion. A third category also targets net profit growth of at least 300% in 2027 and 500% in 2028 versus a 2025 base. Cambricon, founded in 2016 and listed on the STAR Market in 2020, achieved its first profitable year in 2025 with revenue of RMB 6.497 billion, up 453.21% year-on-year. As of July 2026, its market capitalization exceeded RMB 700 billion.

Effective: +27
Intensity: 60
Confidence: 80%
Horizon: Medium term

Companies28 Jul, 16:48negative

Kumamoto Earthquake Disrupts Semiconductor Supply Chain; TSMC Factory Resumes, TEL Kyushu Plant Halts

A 7.1-magnitude earthquake struck Kumamoto Prefecture on July 28, followed by a 5.8 aftershock, killing at least 18 and causing widespread damage. TSMC's JASM factory in Kumamoto resumed operations after safety checks, with its first plant producing 12-28nm chips since December 2024. The site accounts for 3% of TSMC's total capacity. However, Tokyo Electron Kyushu, a subsidiary of Tokyo Electron Ltd. , remained shut on July 29, raising concerns over equipment supply. The subsidiary holds a 91% global market share in coating and developing equipment.

Effective: -27
Intensity: 65
Confidence: 70%
Horizon: Short term