理解市场 | 芯片股早盘走高 台积电上半年营收同比增长四成 半导体行业国产化持续推进

According to Zhitong Finance APP, chip stocks rose in early trading. As of the time of publication, Hua Hong Semiconductor (01347) was up 4.12%, trading at HKD 35.4; BATELAB (02149) was up 3.17%, trading at HKD 58.55; SOLOMON SYSTECH (02878) was up 3.45%, trading at HKD 0.45; and SMIC (01347) was up 3.11%, trading at HKD 46.35.

In terms of news, on July 10, TSMC announced its financial report, showing that the company's revenue in June was NT$ 263.71 billion, a decrease of 17.7% from the previous month, but an increase of 26.9% compared to the same period last year. The report also indicated that revenue for the first half of the year was NT$ 1,773.046 billion, an increase of 40.0% compared to the same period last year. In April this year, TSMC reaffirmed its forecast for a double-digit growth in annual revenue in USD (24%-26%, approximately 25%).

Additionally, the U.S. recently plans to revoke the semiconductor exemption policy. Shanghai Securities pointed out that the valuation system of the technology industry is expected to be restructured under the great power competition. The semiconductor industry is under dual pressure of "bottleneck" and "breakthrough," with overseas technology blockade and domestic substitution demand forming a dynamic game, pushing the industry into a period of structural transformation, and accelerating breakthroughs for Chinese companies at key technology nodes. According to Liyan Semiconductor, the proportion of outsourced chips is expected to decrease from 63% in 2024 to 42% in 2025