Technology · 10.1

Semiconductor Value Chain

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

Average net impact+27weighted per event

Average gross impact33absolute weighted average

Events151same period

Confidence77%model average

Raw intensity64before weighting

Previous period0net impact

Gross changeInsufficient base

Diffusion speed2.5 / day

Concentration1%

Direction disagreement17%

Source independence97%28 sources

IMPACT TREND

60-day effective impact

Positive 118 · Negative 11 · Mixed 22

+280-28

1 Jun0 events

6 Jun0 events

11 Jun0 events

16 Jun0 events

21 Jun0 events

26 Jun0 events

1 Jul0 events

6 Jul0 events

+16

11 Jul1 event

+10

16 Jul1 event

+28

21 Jul4 events

+27

26 Jul145 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate4%181 cumulative effective impact

Short term34%1708 cumulative effective impact

Medium term48%2391 cumulative effective impact

Long term14%695 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 9 of 15 · 148 events

Macro1

Macro27 Jul, 20:16positive

Beijing BDA H1 2026 GDP Reaches 1967.8 Hundred Million Yuan, Up 6.1%

Beijing Economic-Technological Development Area (BDA) reported H1 2026 GDP of 1967.8 hundred million yuan, up 6.1% year-on-year. Industrial output neared 3600 hundred million yuan, with leading industries accounting for over 90% of total. New-generation information technology output surged 37.5%, while robotics and smart manufacturing grew 12.3%. Foreign trade reached 1188.5 hundred million yuan, up 33.8%. Corporate R&D spending rose nearly 30%, and the area added 13 new first-set products, ranking first in Beijing.

Effective: +31
Intensity: 70
Confidence: 80%
Horizon: Short term

Industries2

Industries27 Jul, 11:53positive

2026 Memory Chip Industry Earnings Surge; Module Leaders and Chip Designers Report Growth

In 2026, companies in the memory chip industry reported notable performance growth. Leading module manufacturers and chip design firms issued performance reports indicating rises in revenue or profit. The year saw a concentrated release of growth reports from these key players. Within the broader semiconductor industry, several memory chip companies posted outstanding results, highlighting the sector's strength.

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

Industries28 Jul, 09:20positive

Sinoma, Honghe Lead Electronic Fabric Sector Rally on Supply Constraints, AI Server Demand

On July 27, the A-share electronic fabric sector surged, with Sinoma Science & Technology and Honghe Technology hitting their daily limit up. The sector faces supply constraints due to long delivery times for imported weaving machines and gaps in domestic equipment quality, limiting capacity expansion. Meanwhile, demand from AI servers is rising, prompting customers to secure supplies with deposits.

Effective: +29
Intensity: 70
Confidence: 70%
Horizon: Medium term

Companies7

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: -32
Intensity: 65
Confidence: 70%
Horizon: Short 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: +31
Intensity: 60
Confidence: 80%
Horizon: Medium term

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: +31
Intensity: 60
Confidence: 70%
Horizon: Medium term

Companies27 Jul, 19:23positive

Zhongji Innolight Exclusively Gets 2.4T Light Coherent Module Order, Products from 40G to 1.6T

Zhongji Innolight has exclusively received a demand order for 2.4T light coherent optical modules. The company's product portfolio spans from 40G to 1.6T, covering multiple generations of high-speed optical modules. It serves major global cloud vendors, internet platforms, and AI computing companies. The company is investing in silicon photonics, coherent technologies, and advanced packaging, with silicon photonics already deployed in high-speed modules. It also develops thin-film lithium niobate for future rate upgrades. The order underscores its position in the optical interconnect market for AI clusters.

Effective: +31
Intensity: 60
Confidence: 80%
Horizon: Medium term

Companies27 Jul, 08:35positive

Cystone Capital's 1.2B Yuan Bet on ChangXin Memory Pays Off as DRAM Maker Lists on STAR Market

Cystone Capital invested 1.2 billion yuan in ChangXin Memory Technologies (formerly Ruili Integration) in 2021, when the DRAM maker had a monthly capacity of just 40,000 wafers and was still debugging chip yields. The company has since listed on the STAR Market, with revenue expected to exceed 20 billion yuan. Despite industry cycles and investor exits, Cystone Capital held its position. ChangXin now covers DDR4, DDR5, and LPDDR5X products, with 16nm mass production and a technology gap of only 1-2 generations behind global leaders.

Effective: +29
Intensity: 70
Confidence: 85%
Horizon: Medium term

Companies30 Jul, 07:50positive

Samsung Electronics Q2 Net Profit 71.27 Trillion Won, Operating Profit 89.49 Trillion Won, Sales 171.50

Samsung Electronics reported second-quarter net profit of 71.27 trillion Korean won, surpassing the market estimate of 68.36 trillion won. Operating profit reached 89.49 trillion won, while sales totaled 171.50 trillion won for the period.

Effective: +28
Intensity: 60
Confidence: 70%
Horizon: Short term

Companies29 Jul, 19:12positive

Montage Technology Repurchases 500,000 A-Shares for First Time, Spending About RMB 102.8 Million

On July 29, 2026, Montage Technology repurchased 500,000 A-shares through centralized bidding, its first such buyback. The shares accounted for 0.04% of total share capital. The highest price was RMB 210.00 per share, the lowest RMB 192.18. Total payment was approximately RMB 102.76 million, excluding transaction fees.

Effective: +28
Intensity: 60
Confidence: 70%
Horizon: Medium term