Semiconductor stocks recover to record highs

　　On November 28, Cambrian-U, the second-highest stock in the A-share market, continued to hit a record high, rising by more than 10% during the session, reaching a peak price of 588.7 yuan per share, and closing up 2.15% at 546.03 yuan per share. Since the beginning of this year, Cambrian-U's stock price has fluctuated upward, with a cumulative increase of 304.59% this year, ranking first in the semiconductor industry.

　　In addition to Cambrian-U, the share prices of the four semiconductor stocks with the highest market capitalization in A-shares all set new historical records in November, including SMIC (90.100, 3.02, 3.47%), Haiguang Information (125.810, -0.19, -0.15%), and North Huachuang (415.680, 2.71, 0.66%), with market capitalizations of more than 200 billion yuan.

　　The Securities Times stated that several semiconductor-related thematic and industry ETFs also received significant net inflows of funds. The Harvest SSE Star Chip ETF has received a net inflow of 16.279 billion yuan since September 24; the Huaan SSE Star Chip ETF also received a net inflow of 1 billion yuan.

　　Others include the China Merchants CSI Semiconductor Industry ETF, the Guotai CSI Semiconductor Materials and Equipment Thematic ETF, the E Fund CSI Chip Industry ETF, and the GF Securities Semiconductor Chip ETF, all of which received net inflows of more than 500 million yuan.

　　Image source: Photo Network

Industry recovery coupled with mergers and acquisitions

　　Based on the recovery of the global semiconductor market, my country's semiconductor market sales have also risen significantly. Data show that my country's semiconductor sales reached US$16.04 billion in September, an increase of 22.9% year-on-year.

　　Artificial intelligence is becoming an important driving force for the semiconductor industry, driving the industry's rapid recovery. According to data from the Semiconductor Industry Association of the United States, in the third quarter of 2024, global semiconductor sales were US$166 billion, a year-on-year increase of 23.2% and a month-on-month increase of 10.7%.

　　With the support of industry recovery and favorable policies, mergers and acquisitions in the semiconductor industry have heated up and the integration of the industrial chain has accelerated. According to statistics, a total of 58 semiconductor industry-listed companies in the A-share market have disclosed mergers and acquisitions since the beginning of this year, an increase of 41.46% from 41 in the same period last year.

　　Cinda Securities research report pointed out that with the continuous support of national policies, the current recovery trend of the semiconductor industry is gradually becoming clear. Recently, many semiconductor-listed companies have announced mergers and acquisitions and restructuring events and the pace of industrial chain integration has accelerated. As an indispensable part of new quality productivity, the semiconductor industry has strong investment attributes under policy support and the positive trend of the industrial chain.